Fri.Jul 01, 2016

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Hyperloop One CTO BamBrogan Leaves Company

socalTECH

Brogan BamBrogan , co-founder and CTO of high flying, Los Angeles transportation startup Hyperloop One , has apparently left the company, in what looks to be a major shakeout at the company. Josh Giegel, the senior Vice President of Engineering at Hyperloop One, is taking over the CTO role. A report from Recode says the move is related the the departure and removal of Chief Legal Officer Afshin Pishevar, who is the brother of co-founder and chairman Shervin Pishevar.

Company 113
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Silicon Beach Report July 1: Hyperloop One Co-Founder Replaced

L.A. Business Journal

Hyperloop One co-founder replaced, Faraday Future signs electric racecar partnership, virtual reality startup Within picks up Disney and Zynga vets, and more.

Report 100
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MaxLinear Completes Acquisition Of Broadcom Unit

socalTECH

Carlsbad-based MaxLinear announced late Friday that it has completed its acquisition of Irvine-based Broadcom's wireless infrastructure backhaul business. The deal was worth $80M in cash, and had been announced earlier in the year. The company said the acquisition will help it expand into the wireless infrastructure market. MaxLinear is a provider of radio frequency and mixed signal integrated circuits, used across a wide range of communications markets.

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You Need A Motivated Startup Team To Change The World

Startup Professionals Musings

I was shocked to read an old Gallup study that indicates only 13 percent of employees worldwide are actively engaged at work, and more recent data shows only a small change in the right direction. In my own experience as a startup advisor and mentor, I find that entrepreneurs who can’t attract and maintain a highly motivated team rarely even get off the ground.

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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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Cylance Adds Citi Ventures To $100M Series D

socalTECH

Irvine-based Cylance said on Thursday that it has added strategic investor Citi Ventures, to the list of its investors in its recently announced, $100M Series D funding. Citi joins Insight Venture Partners and Blackstone Tactical Opportunities in the big funding round. Cylance, led by cybersecurity veteran Stuard McClure, is using artificial intelligence to predict, identify, and stop malware and other threats to both enterprise and personal computers.

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Why Finance Should Take a Page Out of the Credit Card Industry’s Book

Xconomy

U.S. federal and financial regulators recently advised banks nationwide to assess the strength of their safeguards against cyber fraud. The warning comes after a string of cyber heists and attempted heists against banks around the world, including the $81 million theft from the Bangladesh central bank. These crimes have opened the financial industry’s eyes to a new kind of attack.

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Biotech Roundup: Moonshots, Pink Slips, Gilead, Brexit & More

Xconomy

The word of the week was “moonshot,” as U.S. Vice President Joe Biden’s cancer initiative convened a summit in Washington, DC. At the gathering, Biden took verbal shots at scofflaw cancer researchers and at drug prices, while the FDA said it would take a shot at restructuring the way it evaluates oncology products. Gilead Sciences has been a target of drug-price criticism for its hepatitis C treatments, but it dialed back the price of its new one.

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Motor Trend OnDemand Debuts On Xbox

socalTECH

Motor Trend OnDemand , the video-on-demand service run by Los Angeles-based TEN: The Enthusiast Network , has made its debut on Xbox One and Xbox 360, according to TEN. The service was already available on iPhone, iPad, Apple TV, Roku, Android devices, plus the web. TEN, which is led by Scott Dickey, said the service features more than 1,500 hours of original and live content, plus real time racing event access.

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Lessons Big Companies Should Learn from Entrepreneurs

Jason Nazar

Entrepreneurs often lament big companies, but most of us hope we’ll create just that. It’s hard to fully appreciate the complexity of keeping an organization with thousands of employees moving forward. Add in public company demands, lawsuit targets, & millions of customers to continually satisfy, and you have to have great respect for those doing it well.

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Alorica Acquires Expert Global Solutions

socalTECH

Irvine-based business outsourcing provider Alorica said Thursday that it has acquired Expert Global Solutions, Inc. , a provider of outsourced, customer service and financial collections services. EGS was based in Plano, Texas. Financial terms of the deal were not announced, hwoever, Alorica said the acquisition will push the company to a projected $2.4 billion in 2016 revenues, with 48,000 employees in the U.S., 28,500 in the Philippines and 13,000 in Latin America.

Outsource 113
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Milestones of Innovation 12: Overflight Of Russia’s Ultimate Weapons

Xconomy

Sixty years ago, on the Fourth of July, 1956, the American President gained a capacity that has never been lost: clear pictures from above of Russia’s thermonuclear weapons delivery system. Because the images ended up shrinking the world’s appetite for tools of ultimate destruction, it is hard to think of a more significant innovation. The feat was done by an ultra-high-flying aircraft called the U2, soaring above the range of the surface-to-air missiles of the day, but not above the scrutiny of

Burbank 52
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Geni Signs Up For DNA Testing

socalTECH

Burbank-based family tree software developer Geni --which is now part of MyHeritage--said late Thursday afternoon that it has added DNA testing to its service, letting its users test their DNA for a more accurate family tree. According to Geni, the addition of DNA testing will help by "separating fact from fiction" and let users confirm if, indeed, family relationships are what they seem.

Geni 113
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3 Things You Need To Remember To Get Your Tech Start Up Moving

Tech Zulu Event

Do you have a great tech company idea but you’re a bit new to entrepreneurship? Working at your company but want to break off to start your own? I’ve been there and I can tell you right now that while it’s great, there are a few things that you need to keep in mind. Please don’t get discouraged by these difficulties, starting a business is always hard, but it can be one of the most rewarding things you ever do. 1.

Startup 49
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Wpromote Opens Up New Office In San Francisco

socalTECH

Los Angeles-based Wpromote , the provider of digital marketing services to brands and companies, says it has opened up a new office in San Francisco. According to the company, the office is the third for the company, which is headquartered in El Segundo and also has an office in Chicago. WPromote offers up search engine, mobile, and social marketing for such clients as Papyrus, Zenni Optical, Z Gallerie and Xero.

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Xconomy’s Top Innovation Stories of the Half Year

Xconomy

Here we are at the midpoint of 2016 already. Time to look back on the past six months—and some of the top stories of the year so far. The following represent a cross-section of what Xconomy offers on a daily basis: in-depth reporting from the front lines of technology and business innovation; coverage from 11 regions of the country, including unheralded places like Indianapolis, Madison, and San Antonio; analysis of fast-moving fields such as artificial intelligence, brain disease treatmen

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Belkin Opens First Bricks-and-Mortar Store, At LAX

socalTECH

Marina Del Rey-based consumer electronics accessory maker Belkin says it has opened up its first ever, bricks-and-mortar store, located a LAX Airport in Terminal 6. Belkin said the new store--being run in conjunction with airport concessionaire Huddson Group--will offer up its tablet and smartphone accessories, including chargers, cables, screen protectors, and more.