Wed.Feb 20, 2019

Timing and why we’re all VCs

TechCrunch LA

Timing is the single most valuable skill of the modern economy, but I would argue its’s the least understood and also the least practiced. Capitalism is fundamentally about timing, since market competition is about finding opportunities before others. When should you start a company?

Who Should be on Your Startup Board?

Both Sides of the Table

One of the things that founders have the most angst about is whom they should have on their board and at what stage of the business.

Portfolium Acquired By Instructure

socalTECH

San Diego-based Portfolium , a startup developing tools to allow students to showcase their achievements, projects, and other portfolio of academic work to potential employers, has been acquired by educational software provider Instructure , the two announced late Tuesday. Financial details of the acquisition were not announced. Portfolium was founded in 2014, and was led by founder and CEO Adam Markowitz.

LAVA Digital: Investing with a Social Impact

SoCal Tech Calendar

Tuesday, February 26, 2019 --.

LAVA 100

Hub101 Offers Up Private Offices At Coworking Space

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Westlake Village-based Hub101 , the startup coworking space which is associated with California Lutheran University, says it has begun offering up private office suites. According to Hub101, the suites start at $1299 per month, for a two-desk, lockable office. The rest of the space offers up a shared, open floor plan. Hub101 is a frequent space for technology industry gatherings along the 101 corridor. READ MORE>>. hub101 coworking startup technology

Software Startup Portfolium Acquired by Salt Lake City’s Instructure

Xconomy

The software of Portfolium, a San Diego startup that hosts online portfolios for students trying to showcase their achievements to potential employers, is set to join the portfolio of Utah educational software company Instructure. Instructure (NYSE: INST ) has agreed to acquire privately held Portfolium. No financial terms of the deal, which was announced Tuesday, were disclosed.

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Elves Tackles Travel Booking With AI, Human Assistance

socalTECH

A new, Los Angeles startup-- Elves --said this week that it has launched a new service, aimed at helping users tackle travel booking, using both artificial intelligence and real human beings. According to Elves, it has just launched an app and booking platform, which lets travelers book and change flights via "real, human" travel companions backed by AI technology.

Clutter Collects $200M More For On-Demand Storage

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Culver City-based Clutter , which offers up "on-demand" self storage of your extra stuff, has raised $200M in a Series D funding, the company announced on Wednesday morning. According to Clutter, the Series D funding was led by SoftBank Vision Fund with participation from Sequoia, Atomico, GV, Fifth Wall and Four Rivers. Clutter says it will use the new funding to accelerate expansion, grow its workforce, and other efforts. Clutter has now raised nearly $300M in total funding since 2015.

Procore Snags Salesforce Vet For Marketing Chief

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Carpinteria-based cloud software developer Procore Technologies announced this morning that it has named Jim Sinai as its new Senior Vice President of Marketing. Sinai previously had been at Salesforce, where he had been for eight years. The new appointment comes as Procore has reached over 1,400 employees worldwide. Procore said Sinai will oversee global marketing for the company.

Clearlake Capital's Symplr Buys API Healthcare

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Symplr , a healthcare risk and governance software developer which is owned by Los Angeles-based private equity investor Clearlake Capital , has acquired API Healthcare , a provider of healthcare human capital management software. API Healthcare was owned by another private equity investor, Veritas Capital. Financial terms of the acquisition were not announced.

Brainbase Gets $1M For Brand Licensing Marketplace

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Los Angeles-based Brainbase , a new startup building an online marketplace for intellectual property licensing, has raised $1 in a seed funding round, the company announced Tuesday afternoon. According to the company, the funding was led by Tera Ventures, and also included Sterling Road, plus angels Severin Hacker, Andrew Rabin and Hamid Barkhordar.

Facebook, Viasat Team On Internet Connectivity Effort In Rural Mexico

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Carlsbad-based satellite Internet and communications provider Viasat and social networking giant Facebook announced this morning that the two will provide high speed Internet to communities in rural Mexico who lack reliable internet or have no connectivity at all. According to the two, the deal will offer up Viasat's "Community Wi Fi" hotspot service to communities in an effort being backed by Facebook.