Fri.Oct 28, 2016

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Amplify LA's Paul Bricault On Startup Accelerator Lessons, Five Years Later

socalTECH

Venice-based Amplify LA (www.amplify.la) is celebrating its fifth anniversary as a startup accelerator here in the Los Angeles area � one of the few in the area to have survived in more or less original form after the launch of a number of startup incubators and accelerators five years ago. Paul Bricault , co-founder of the accelerator, sat down with us earlier this week to reflect on the lessons he's learned over those five years, and what he's learned about LA's startup environment.

Startup 186
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Blackline surges 40% in software IPO

TechCrunch LA

Blackline, a Los Angeles-based accounting software company, debuted in the U.S. markets Friday. After pricing at $17 per share, the stock closed at $23.70. In what has been a slow year for tech IPOs, Blackline decided to go public right now because it’s “part of a longer term plan to raise awareness for what we do,” said CEO Therese Tucker.

Software 185
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Car Exec Still Plugs Electric

L.A. Business Journal

Henrik Fisker has charged back into the electric-car market with a new energy storage technology.

Marketing 279
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Soylent Pulls Powder From Market As Recall Expands

socalTECH

Los Angeles-based food alternative developer Soylent --which develops a line of products intended to replace the need for normal food--has pulled its "Powder" product from the market, saying that it is halting sales of the product until it can determine the issues behind reported digestive issues with its product. Soylent says it has now removed its Bar and Powdr products for reformulation, and will expect to resume shipping those products in early Q1 of 2017.

Marketing 155
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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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The IT Summit Los Angeles 2016

SoCal Tech Calendar

Thursday, November 3, 2016 -- The IT Summit Los Angeles 2016. Technology conference for executives from the government, education, and corporate sectors. produced by and for senior leaders to promote economic development, education, and the proliferation of information technology.

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BlackLine Soars In IPO Debut

socalTECH

Woodland Hills-based BlackLine Software , the developer of accounting close software, soared in its IPO debut on Friday, and was trading up more than 45 percent in morning trading on the NASDAQ Global Select Market. BlackLine was trading around $24.79 at around 12:50PM EDT, up $7.79 from its IPO debut price of $17.00 per share. BlackLine had already priced at the high end of an upped IPO pricing range of between $16.00 to $17.00 per share.

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GM Car Sharing Program, Maven, Launches In Downtown LA

socalTECH

Maven , the car sharing program run by General Motors (GM), has made its first expansion into Los Angeles, the company said this week. According to GM, it will offer up Chevrolet Cruze, Malibu, Tahoe and Volt, GMC Acadia and Yukon, and luxury Cadillacs such as the ATS, CTS, CT6, XT5 and Escalade in the program, which lets people rent cars starting at $8 an hour.

Malibu 146
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Silicon Beach Report Oct. 28: Six Senior Execs Leave Faraday Future

L.A. Business Journal

Six senior executives leave Faraday Future, Soylent recalls powder after people get sick, and GM’s Maven expands car-sharing network to Los Angeles.

Report 100
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KYTHERA, Amgen Vet Takes Helm At UNITY Biotechnology After $116M Funding

socalTECH

A local, Ventura County biotechnology executive, Keith Leonard , has taken the helm of UNITY Biotechnology , a heavily backed San Francisco biotech startup focused on curing diseases of aging, as a result of a big $116M funding round at the company. Leonard--most recently, CEO of KYTHERA Biopharmaceuticals--also is a longtime Amgen veteran, where he spent 13 years.

Ventura 143
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7 Accepted Startup Principles Violated By Steve Jobs

Startup Professionals Musings

Steve Jobs was a one-in-a-million entrepreneur who seemed to violate many conventional rules of starting a business and dealing with people, yet undeniably achieved great success. According to various reasonably credible reports, including his authorized self-titled biography “ Steve Jobs ,” by Walter Isaacson, he often ignored customer input, berated team members, and misused key business relationships.

Startup 103
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Blizzard Books Weird Al As Headliner For BlizzCon

socalTECH

Irvine-based Blizzard Entertainment , which is just getting set to launch its annual BlizzCon 2016 video gamers conference, says it has booked "Weird Al" as the headliner for the event. Blizzard said Weird Al will close out its two-day gaming convention with his multimedia rock and comedy live show next Saturday. BlizzCon is sold out, but Blizzard is live streaming the conference both online and via a pay-per-view DIRECTV event.

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Bio Roundup: Drug Pricing, Cystic Fibrosis Showdown, Myovant & More

Xconomy

The 2016 election is (thankfully) almost here, and as one biotech analyst noted this week, a possible Democratic victory is to blame for a big October sell-off in biotech stocks. Since Donald Trump’s infamous “Access Hollywood” tape was released on October 7, Leerink Partners analyst Geoffrey Porges wrote, biotech investors have lost $50 billion. The prospects of a Hillary Clinton presidency and Democrat-controlled senate have spooked investors wary of drug policies “tremendously damaging to the

Pricing 69
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TP-Link Unveils Color Changing Smart Light Bulb

socalTECH

Brea-based networking equipment maker TP-Link is expanding its lineup of smart home devices, saying this week that it has rolled out a new "smart" light bulb to its product line. TP-Link said its new LB130 Smart Wi-Fi Bulb installed like a normal light bulb, but then can be controlled via Wi-Fi. The new bulb can be programmed to output any color or brightness, and follow any schedule.

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Masimo Expands Board

socalTECH

Irvine-based medical equipment maker Masimo announced Thursday afternoon that it has appointed Adam Mikkelson, who is a Partner at healthcare-focused investment fund Camber Capital Management LLC, to its board of directors. Mikkelson has been at Camber since 2007. Masimo is a developer of noninvasive patient monitoring equipment, including a line of widely used pulse oximetry devices.

Invest 125
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Faraday Future Teases Look At Production Vehicle

socalTECH

Los Angeles-based Faraday Future , the mysterious electric car vehicle startup which has announced big plans to build electric vehicles, but has yet to officially launch its production car, has shown the first look at its production vehicles in a teaser video. Faraday Future showed about 5 seconds of a heavily obscured sedan racing around a track in a teaser video on Thursday, the first look at the company's yet-to-be-announced production vehicle.

Product 125