Mon.Apr 09, 2012

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Kuapay Takes On Mobile Payments, Loyalty With $2M

socalTECH

Santa Monica-based Kuapay , a new startup aiming at the mobile payments and loyalty markets, has scored $2M in funding, the firm has disclosed. The startup is headed by Joaquin Ayuso de Paul, one of the angel investors in Border Stylo and co-founder of Spanish social network Tuenti.com (acquired by Telefonica). According to Kuapay, the firm's mobile apps run on iPhone, Android, and Blackberry, and allow users to make credit card purchases with their smartphone, by linking with existing point of

Mobile 244
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Pull Investors to Your Business Plan With a Summary

Startup Professionals Musings

Modern investors love to first read a two-page summary of your business plan, formatted like a glossy marketing collateral sheet, with text well laid out in columns and sidebars, and a couple of relevant graphics. This one had better grab their attention, or they won’t look further. You may have already found several articles, web pages, or books about writing the perfect executive summary.

Summary 97
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iStoryTime Taps Apple Vet For Creative Head

socalTECH

Santa Barbara-based zuuka , the publisher of the iStoryTime interactive kids books and educational applications, has tapped an Apple vet for its new Creative Director, the company said today. The company said it has hired Paul Mueller-Bruehl to head up its design department. Mueller-Bruehl was previously Design Lead, Mobile Commerce at Apple, and had also served at Sapient. iStoryTime is the publisher of a number of kids' iPhone titles, including Kung Fu Panda, Shrek, How to Train Your Dragon, P

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Entrepreneurship Is A Compulsion, Not A Choice

InfoChachkie

This entry originally appeared at Live Your Legend. “It is difficult to see the picture when you are inside the frame.”. Eugene Kleiner, Co-founder Kleiner, Perkins, Caufield & Byers. A small percentage of people in each free-market society generate the jobs for everyone else. These entrepreneurs do not risk everything, work outrageous hours and put themselves under extreme pressure because they want to.

Startup 243
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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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StorageDNA Power James Cameron Project

socalTECH

Irvine-based StorageDNA , the provider of storage and archiving products, reported today that its products have been selected for use in James Cameron's DEEPSEA CHALLENGE project. Financial impact of the win was not disclosed. StorageDNA said its product will be used for archive workflow for LTO-5 backup of data of Cameron's dive to the Mariana Trench, as part of the setup for production firm Digital Pictures.

Report 200
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Leap and T-Mobile In Spectrum Deal

socalTECH

San Diego-based Leap Wireless International , the operator of the Cricket prepaid wireless phone service, said today that it is in a license exchange agreement with T-Mobile USA and Cook Inlet/VS GSM VII PCS, LLC , which is part owned by T-Mobile. According to Leap Wireless, the firms have agreed to exchange wireless spectrum in various markets with Leap's own venture Savary Island Wireless, LLC.

Mobile 157

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WaveTec Vision Gets $16.5M For Cataract Surgery

socalTECH

Aliso Viejo-based WaveTec Vision , which is developing diagnostic devices for cataract surgery, said monday that it has raised $16.5M more in funding. The funding was led by Burrill & Company, and also included Versant Ventures, Accuitive Medical Ventures, De Novo Ventures and Gund Investment Corporation. The firm said the funding will go towards commercialization of its products, and product refinement.

Funding 154
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Ticketmaster Extends Deal With NFL

socalTECH

Los Angeles-based Ticketmaster , the ticketing firm owned by Live Nation Entertainment, reported this morning that it has inked a five year contract extension with the National Football League. The firm said the deal calls for it to continue to run the NFL Ticket Exchange, the official ticket resale marketplace for the NFL. Financial details of the deal were not disclosed.

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DogVacay Gets Direct Competition: Rover.com

socalTECH

Santa Monica-based DogVacay , the online marketplace which helps dog owners connect with pet lovers to help watch their dogs, has some new competition today: Rover.com. According to Seattle-based Rover.com, it has just scored $3.4M from Madrona Ventures and CrunchFund for its own, pet sitting marketplace. DogVacay, which is led by Aaron Hirschhorn, has the backing of such firms as First Round Capital, Science Inc., Quest Venture Partners, Baradoa Ventures, and angel Ted Rheingold of Dogster.com.

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Microsemi Ships Solid State Disk Drive

socalTECH

Aliso Viejo-based Microsemi , the developer of semiconductor products, reported this morning that it has shipped a new, solid state disk drive, with ruggedized SATA connectors. The new drive is aimed at the defense and industrial market. According to Microsemi, its solid state drives solve the sever shock and vibration issues in those industries. Capacity and pricing of the new devices was not announced.

Pricing 140
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Cornerstone OnDemand Completes Sonar Limited Buy

socalTECH

Santa Monica-based Cornerstone OnDemand , the developer of cloud-based, talent and HR management software headed by Adam Miller, said Monday afternoon that it has completed its acquisition of Sonar Limited (Sonar6). The deal had been announced originally on March 8th. Cornerstone OnDemand had earlier announced that the deal was worth $13M in cash plus $1M in equity.

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FlexEnergy Names CEO

socalTECH

Irvine-based FlexEnergy , a developer of gas turbines and other energy equipment, said Friday that it has named Jay Mitchell as its new Chief Executive Officer. Mitchell was most recently the firm's President and Chief Operating Officer. Mitchell has also served at T-3 Energy, Pride International, and other firms. FlexEnergy is venture backed by SAIL Capital Partners and RNS Capital Partners.

Capital 133
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Optimer Pharmaceuticals In Executive Turmoil

socalTECH

Publicly held San Diego firm Optimer Pharmaceuticals , a developer of biopharmaceutical products, appears to be in the midst of a major executive overhaul. According to the firm this morning, its board has removed Dr. Michael Chang as Chairman, terminated its CFO, John D. Prunty, and terminated VP Dr. Youe-Kong Shue. The company said the move came due to an issue involving record keeping and options grants.

San Diego 133