Mon.Oct 17, 2016

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HelloTech Names New President

socalTECH

Los Angeles-based HelloTech , the on-demand, tech support company co-founded by Richard Wolpert, announced this morning that it has named Ted Hong as President of the company. Hong was previously co-founder of Dropoff, an Austin, Texas startup providing same day delivery for businesses. Prior to that, he was Chief Marketing Officer at Fandango. According to HelloTech, Hong will ofersee finance, marketing, operations, product development, and technology operations for the company.

Fandango 193
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SAG-AFTRA Threatens Video Game Publishers with Strike

L.A. Business Journal

Video game actors represented by SAG-AFTRA are threatening to go on strike Friday if demands for a larger cut of royalties and limits on “vocally stressful sessions” are not enacted.

Demand 153
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Mike Jones of Science Inc, On Exits And Finding The Right Entrepreneurs

socalTECH

Los Angeles-based Science Inc. (www.science-inc.com), the startup �studio� led by former MySpace CEO and technology veteran Mike Jones , just saw its third acquisition out of its portfolio this year�the acquisition of FameBit by Google/Youtube. The company's other acquisitions included the $1 billion acquisition of Dollar Shave Club by Unilever, and the acquisition of HelloSociety by the New York Times.

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Silicon Beach Report Oct. 17: Snapchat Makes Inroads in the United Kingdom

L.A. Business Journal

Snapchat makes inroads in the United Kingdom, SAG-AFTRA threatens video game publishers with strike, and HelloTech hires president.

Snapchat 118
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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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Razer Acquires THX

socalTECH

Carlsbad-based gaming accessories maker Razer said on Monday that it has acquired surround processing technology developer THX. Financial terms of the acquisition were not announced. THX--which was founded by George Lucas--will continue to operate as a separate brand and business. Razer said the acquisition would extend its brand into broader areas of entertainment.

Calabasas 146
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Accelerate Your Startup With Help From An Incubator

Startup Professionals Musings

One of the reasons that now is the time to be an entrepreneur is the explosion of startup assistance organizations, usually called incubators or accelerators. According to the National Business Incubator Association ( NBIA ), there are over 7,000 of these locations worldwide, and new online versions springing up all over the place, like Founders Space in Silicon Valley.

Incubator 106

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Ex-Celgene Dealmaker Tom Daniel Charts a New Course Advising Biotechs

Xconomy

For close to a decade, Tom Daniel and George Golumbeski comprised perhaps one of the best-known dealmaking duos in biopharma, striking a slew of alliances that established Summit, NJ-based Celgene as one of the more creative, nimble biotech partners in the business. “We think alike,” Daniel says. “We can pretty much finish each other’s sentences.”. No longer.

Course 73
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Western Digital Certifies New SSDs For VMware

socalTECH

Irvine-based disk drive and storage products maker Western Digital said this orning that it has certified two, solid state disk drives (SSDs) for use in VMware environments. According to WD, its SanDisk-branded CloudSpeed Eco Gen II SATA solid state drive, and the HGST-branded Ultrastar SN100 PCI Express (PCIe) NVMe SSD, both have been certified with the popular enterprise virtualization environment.

Marketing 132
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BlackLine Systems Sets Estimated IPO Pricing Range

socalTECH

Woodland Hills-based accounting software maker BlackLine Systems has moved one step closer to its IPO, saying this morning in a regulatory filing that it is expecting its IPO to price at betwen $13.00 and $15.00 per share. BlackLine, which was founded and is led by CEO Therese Tucker, is selling 8,600,000 shares of its common stock, and intends to list on the NASDAQ Global Select Market as BL.

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Amgen Names New Member To Board

socalTECH

Thousand Oaks-based Amgen said late Friday that it has named Ellen J. Kullman to its board of directors, expanding the company's board to a total of 14 directors. Kullman is the former President, Chair, and CEO of E.I. du Pont de Nemours and Company (Dupont). Kullman also has served on the boards of General Motors, Carbon3D, and Dell Technologies, and is on the Board of Trustees of Tufts University; she also has been on the Temasek Americas Advisory Panel of Temasek Holdings (Private) Limited, t

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Telechips Sets Up US Headquarters In Irvine

socalTECH

South Korean fabless semiconductor developer Telechips said late Sunday evening that it has set up a new U.S. headquarters, in Irvine, California. According to Telechips, the company will use the new headquarters to expand sales in the set-top box and automotive market. The company's U.S. operations are being run by Steve Wahl, CEO of Telechips USA.

Sales 109