Wed.Mar 01, 2017

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inVia Robotics Rolls Out Warehouse Automation System

socalTECH

Los Angeles-based inVia Robotics has rolled out a new robotics system, aimed at warehouse automation, specifically aimed at e-commerce retailers and fulfillment providers. According to inVia, its new inVia Dynamic Automated Storage and Retrieval System (AS/RS) is designed to deliver toes, trays, and others to pickers, packers, and replenishers in warehouses, to help lower human travel time and liability in warehouse aisles.

Commerce 141
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Objective Sports: An Indicator Of Startup Success

InfoChachkie

A version of this article previously appeared in Forbes. I recently had the distinct pleasure of interviewing Kobie Fuller, current Partner at Upfront Ventures and […]. The post Objective Sports: An Indicator Of Startup Success appeared first on John Greathouse.

Startup 125
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Snap's Big Winners: Spiegel, Murphy, Laskey, Benchmark, Lightspeed

socalTECH

Who are the big winners after the IPO pricing of Venice, California-based Snap Inc. on Wednesday afternoon? Obviously, co-founders Evan Spiegel and Bobby Murphy both have instantly been catapulted into the ranks of billionaires, with a net worth of $3.58 billion each in SNAP's publicly traded stock. Other big winners are venture investors Benchmark Capital , and General Partner Mitch Laskey , with just over $2.0 billion in stock after the IPO plus Lightspeed Partners with $1.39 billion in stock.

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Silicon Beach Report March 1: Snap Prices Shares at $17 for Thursday’s IPO

L.A. Business Journal

Snap prices shares at $17 for Thursday’s IPO, Hyperloop One pitching Indian government on system, and Snap Inc. said to be working on drone.

Pricing 109
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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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Snap Prices IPO, Debuts On NYSE Tomorrow

socalTECH

Venice, California-based Snap, Inc. has officially priced its IPO, saying on Wednesday afternoon that it will sell 200M shares of its common stock at $17.00 per share. The IPO will raise $3.4 billion for Snap, the company behind Snapchat , valuing the company at approximately $24 billion. The IPO is Southern California's largest, technology IPO in history, and makes founder Evan Spiegel and Bobby Murphy each instantly worth $3.58 billion each.

Pricing 131
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Drugmakers, Amazon Back Grail’s Big Cancer Trials With $900M

Xconomy

Last month, Grail publicly spread word of intentions to raise more than $1 billion in an ambitious quest to develop a blood test that can diagnose and detect cancer at its earliest stages. Today, the Menlo Park, CA, startup has revealed the crop of drugmakers and others it has secured to fund the effort. Grail said today that it has raised more than $900 million in a Series B round led by Arch Venture Partners.

Invest 70

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10 Ways For Business Leaders to Improve Their Skills

Startup Professionals Musings

Being a successful business leader requires continuous improvement in your leadership skills, as well as your products and processes. If you don’t focus on it, you can expect to be one of the 25 percent of CEO turnovers that occur every year from firing or forced retirement, as reported by a recent Harvard study. Business leadership requirements change just like market requirements.

Coach 72
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Aerie Pharmaceuticals Resubmits NDA

socalTECH

Irvine-based pharmaceuticals developer Aerie Pharmaceuticals said today that it has resubmitted an NDA (New Drug Application) for its Rhopressa (netarsudil ophthalmic solution) for treating glaucoma, to the FDA. The company said its earlier submission had been withdrawn in October of 2016, due to issues with its contract drug product manufacturer. Aerie said that its vendor's Tampa, Florida facility is now ready for pre-approval inspection by the FDA, the issue which had caused it to withdraw it

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Former FDA Commissioners Califf, McClellan Talk Healthcare’s Future

Xconomy

The top spot at the FDA remains vacant, and the change in presidential power has some healthcare observers wondering about possible changes for the regulator. One month removed from serving as FDA commissioner, Robert Califf says the agency can be improved through a combination of precedent, experience, and evidence. Califf, who served less than one year as FDA commissioner, made his comments in an address to the CED Life Sciences Conference in Raleigh, NC, on Tuesday.

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SimpliPhi Power Rolls Out Residential Energy Storage Product

socalTECH

Ojai-based SimpliPhi Power , along with solar equipment distributor CivicSolar , announced today that SimpliPhi has rolled out a new, energy storage solution aimed at the residential solar market. According to the two, AccESS is an all-in-one, energy storage system aimed for use in the Self Generation Incentive Program (SGIP) in California. SimpliPhi's system is based on lithium ferrous phosphate batteries, which SimpliPhi says avoids the potential thermal runaway issues behind cobalt-based lith

Product 109
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How Technology has Changed Business Convenience

AllTopStartups

Technology has changed how businesses operate, even within the past decade. With the advance of technology has come mobility, and increased collaboration – with both clients and other businesses. Let’s… The post How Technology has Changed Business Convenience appeared first on AllTopStartups.

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Iteris Expands Board

socalTECH

Santa Ana-based Iteris , which develops software used in transportation management, specifically for the agriculture market, said on Tuesday afternoon that it has named Scott Deeter to its board of directors. Deeter is the President and CEO of Ventria, a company commercializing recombinant proteins from plants. Deeter also previously served at CyberCrop, ran and led a joint venture between Cargill and F.

Software 109
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Chrome River Wins Coca-Cola HBC

socalTECH

Los Angeles-based Chrome River , which develops expense management and supplier invoice management software, said today that it has signed up Coca-Cola HBC, AG , the largest bottler of The Coca-Cola Company, as a customer. According to Chrome River, its software will be used for global expense management across more than 25 countries. Financial impact of the win was not announced.

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Hyperloop One Eyes India

socalTECH

Los Angeles-based Hyperloop One , the Hyperloop developer led by Rob Lloyd and Shervin Pishevar, is lobbying for deployment of its technology in India, in a widely publicized meeting with Indian transportation officials on Tuesday. The Hyperloop One "Vision For India" event claimed its technology could be used to "reinvent and transform transportation in India", by connecting its cities faster than air travel.

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Report: Snap Working On Drone Technology

socalTECH

First, sunglasses. Next, a selfie drone? A report in the New York Times on Tuesday says that Snap has been working on drone technology , to take overhead videos and photographs of its users. The NYT cited "three people briefed on the project" in its report, which comes on the eve of pricing on Snap's IPO. Snap, in its IPO filing, now calls itself a "camera company".

Report 109
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Illumina's GRAIL Raises $900M In Funding Round

socalTECH

GRAIL , the cancer detection spinout of San Diego's Illumina , said this moring that it has raised $900M in a first close of a planned, $1 billion funding round. The Series B funding was led by Arch Venture Partners, and included Johnson and Johnson Innovation, Amazon, Bristol-Myers Squibb, Celgene, McKesson Ventures, Merck, Tencent Holdings, and Varian Medical Systems.

Funding 109
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Snap's Big Winners: Spiegel, Murphy, Lasky, Benchmark, Lightspeed

socalTECH

Who are the big winners after the IPO pricing of Venice, California-based Snap Inc. on Wednesday afternoon? Obviously, co-founders Evan Spiegel and Bobby Murphy both have instantly been catapulted into the ranks of billionaires, with a net worth of $3.58 billion each in SNAP's publicly traded stock. Other big winners are venture investors Benchmark Capital , and General Partner Mitch Lasky , with just over $2.0 billion in stock after the IPO plus Lightspeed Partners with $1.39 billion in stock.

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A Chat With Jamie Montgomery On How LA's Tech Ecosystem Has Grown

socalTECH

Next week is the Montgomery Summit (www.montgomerysummit.com), one of the longest running technology conferences held in Los Angeles. The conference is run by Jamie Montgomery , one of the local industry's pioneers in venture capital and investment. We sat down with Jamie�who has been part of LA's technology industry, either as an investor or advisor since its very early days--to get his perspective on where we are today, especially as it relates to all of the companies he's worked with over the