Fri.Sep 09, 2016

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TaskUs Boosts Executive Staff With Trio Of Hires, Now Has 5300 Employees

socalTECH

Santa Monica-based TaskUs , the fast growing provider of outsourced customer experience and back end services for online companies, said it has hired three new executives on Thursday, to help it with its growth efforts. TaskUs said it has named Balaji Sekar as its new Chief Financial Officer, Christopher McLaughline-Brooks as Chief Information Officer, and Lital Gilad-Shaoulian as Senior Vice President of Sales and Marketing.

Outsource 147
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Silicon Beach Report Sept. 9: Honest Co. in Sales Talks

L.A. Business Journal

Snapchat takes on credit line, Honest Co. in sales talks, Elon Musk says SpaceX’s explosion investigation is complex, and more.

Sales 116
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LRES Sets New Sales VP

socalTECH

Orange, California-based real estate technology and services provider LRES has named Mike Bye as its new Vice President of Sales, according to the company. Bye will be responsible for reporting on all sales activities and establishing and managing client relationships. LRES did not give details on Bye's prior experience, only saying he had worked at a "Jacksonville, FL-based provider of third-party bundled services and front-end lending technology".

Sales 116
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CrossCut Fall Office Hours

SoCal Tech Calendar

Tuesday, September 13, 2016 -- CrossCut Fall Office Hours. CrossCut Ventures would like to invite the LA tech community to our office in Venice, CA for CrossCut Fall Office Hours. Sign up for 15 minute time slots and meet with a partner 1:1 to get feedback, ask for advice, pitch your startup. or just come by to mix and mingle with others in the LA techecosystem.

Venice 100
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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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Obalon Therapeutics Files For IPO

socalTECH

Carlsbad-based Obalon Therapeutics has filed for an IPO, saying Friday morning that it is looking to raised $75.0M in an IPO on the NASDAQ Global Market. The company has applied to list as OBLN. The company's IPO is being underwritten by UBS Investment Bank, Canaccord Genuity, Stifel, and BTIG. The company is venture backed by Domain Partners, InterWest Partners, Bader SUltan & Bros, and Okapi Venture Capital.

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Glendale Tech Week

SoCal Tech Calendar

Thursday, September 15, 2016 -- Celebrate tech and innovation September 14 - 17, 2016 with talks, panels, networking events, and happy hours. General Admission Tickets ($50) include access to all the week’s events including a Job Fair at the Verdugo Jobs Center, Site Tour of the newly completed CBRE offices at the Masonic Temple, Lunch at LegalZoom, Panel Discussion with Disney, Reception at the Museum of Neon Art, plus so much more (space is limited per event, RSVPs are required).

Glendale 100

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Solar Costs Feeling Heat

L.A. Business Journal

Rayton may have a hot ticket for the solar industry with its tech to lower panel production costs.

Product 100
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SpaceX's Musk: Launch Failure Most Difficult In 14 Years

socalTECH

Hawthorne, California-based SpaceX , the space rocket firm led by tech mogul Elon Musk, appears to be facing what Musk called "the most difficult and complex failure we have ever had in 14 years", after the explosion of its rocket on a launch pad in Florida last week. Musk said on Twitter that the Falcon 9's engines "were not on" and that "there was no apparent heat source" in the failure, which occurred when filling the spacecraft's fuel tanks.

SpaceX 109
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Organovo to Test Pre-Clinical Drugs on Bio-Printed Kidney Tissue

Xconomy

It’s been almost two years since Organovo (NYSE: ONVO ) created a new business—using its bio-printing technology to create 3-D samples of living human liver tissue for use in testing the toxicity of pre-clinical drug candidates. Since then, the San Diego company has built a thriving business as a contract research organization (CRO) that tests experimental drug compounds on bio-printed liver tissue.

Sample 64
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Report: Snapchat Opens Credit Line From Morgan Stanley

socalTECH

A report says that Venice, California-based instant messaging app developer Snapchat has just opened up a new line of credit from Morgan Stanley. Size of that credit line, and terms, were not announced. The report--from Recode--cites "multiple sources" in the report, and speculates that Snapchat is looking to avoid further shareholder dilution and equity.

Snapchat 109
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Tyler Jacks, Cancer Moonshot Panel Co-Chair, Discusses Roadmap

Xconomy

The Obama administration wants to speed up cancer research with its “Cancer Moonshot” program—packing 10 years’ worth of work on prevention and treatment programs into five is one of its rallying cries. Agreeing on what to do, and how to do it, is the first step. The FDA agreed this summer to reorganize the way it evaluates drugs, diagnostics, and other cancer-related products.

Geni 61
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CheapAir.com Offers Up Financing For Airline Flights

socalTECH

Calabasas-based online travelbooking site CheapAir.com , in what looks to be the first by a travel company, wil let its customers pay on installment for an air flight, through a partnership with financial services technology provider Affirm. According to CheapAir.com, it will let users pay for flights using a monthly payment plan, letting users pay for flights using 3-, 6-, and 12-month purchase plans.

Calabasas 100
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Entrepreneurs With A Great Idea Need A Great Partner

Startup Professionals Musings

It only takes one person come up with a great startup idea, but in my experience as an investor, it’s a rare entrepreneur who has all the skills and resources to build a business as well as a solution. Yet I meet inventors and startup founders every week who balk at the thought of sharing the founder position. In my view, it’s a key reason that 90 percent of startups fail to launch.

Ideas 60
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Bio Roundup: Cancer Wishes and Shopping Lists, Allergan Pricing & More

Xconomy

What do cancer experts want? The moon, perhaps. As part of the Obama administration’s “cancer moonshot” program, a panel of scientists this week presented a set of broad, ambitious recommendations to speed up the pace of cancer research, treatment, and prevention. The scientific goals, writ large, included nationwide data sharing among researchers and drug developers; better prevention through medicine (such as the HPV vaccine) and public education (anti-smoking campaigns); and

Pricing 50
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3 Reasons Your Startup Needs Gigabit Internet

Tech Zulu Event

A standard high-speed internet connection in the United States is around 10 Mbps, though if you’re lucky, you may have access to an internet provider that offers speeds up to 100 Mbps. While speeds even faster than this have existed for a while, up until recently they were strictly used by government offices and big businesses. In the past few years, however, internet providers in over fifty cities—including Seattle, Austin, Salt Lake City, Chapel Hill, and Cincinnati—have begun installing fiber

Startup 40