Mon.Jun 19, 2017

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Snap and Time Warner Sign $100 Million Content Deal

L.A. Business Journal

Snap Inc. and Time Warner Inc. announced a global partnership to develop made-for-Snap shows over the next two years. The deal, reportedly valued at $100 million, will include both entertainment and advertising content.

Content 210
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What is the Right Burn Rate for your Startup?

Both Sides of the Table

One of the hardest decisions entrepreneurs make when they start a company and raise outside capital is figuring out what an acceptable “burn rate” is. That is, how much should your company be willing to lose in cash every month as you make investments in staff and equipment that funds technology, sales, marketing and management. Of course there is no right answer but it’s a function of how much capital you have raised, your prospects for raising more capital in the future, your growth rate and y

Startup 212
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Snap, Time Warner Sign $100M Content And Ad Deal

socalTECH

Venice, California-based Snap , the parent company of Snapchat, and Time Warner announced on Monday that the two are in a $100M deal, where the two will collaborate on both content and advertising. According to the companies, Time Warner will develop and produce shows for Snapchat, from its wide range of networks and entertainment companies. The two also said Time Warner will purchase advertising for HBO, Turner, and Warner Bros. on Snapchat over the next two years.

Content 138
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Outsite Presents Nomad Stories: Venice

SoCal Tech Calendar

Thursday, June 22, 2017 -- Join current and aspiring digital nomads at this free Outsite meetup. Listen to Nomad Stories from people who have quit their jobs to embrace the location independent lifestyle, as well as people who are working for leading remote companies.

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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SpaceX Delays Today's Launch, But Might Have Two Next Weekend

socalTECH

Hawthorne-based SpaceX , the Los Angeles area spacecraft and rocket developer, has delayed today's launch of BulgariaSat-1 to replace a fairing valve, saying that its next launch opportunities for the spacecraft are 6/23 and 6/24. That's the same weekend as SpaceX is scheduled to launch another payload for Iridium, on 6/25. SpaceX said on Sunday that it "could be a weekend doubleheader" for the company on Twitter.

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Int'l Business Accelerator Information

SoCal Tech Calendar

Monday, June 19, 2017 -- Int'l Business Accelerator (Last Week to Apply!) QandA Info Session. Learn how the International Business Accelerator can boost your business' revenue and profitability via international sales. Monday from 6-7pm at LAX Coworking / LAX Coastal Chamber of Commerce.

Commerce 100

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Silicon Beach Report June 19: Snap Signs $100 Million Deal With Time Warner

L.A. Business Journal

Snap signs $100 million deal with Time Warner, Garcetti, Musk discusses tunnel possibility and cloud service company wants $550 million.

Report 113
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j2 Global Looks To Raise $550M In Unsecured Debt

socalTECH

Los Angeles-based j2 Global is looking to raise $550M in a senior unsecured debt offering, the company said on Friday. j2 Global said the notes would be issued by j2 Cloud and j2 Cloud Co-Obligor, Inc, in order to pay off an existing senior note facility, as well as for general corporate purposes, including acquisitions, and would be a private offering. j2 Global is a ravenous acquirer of cloud-based businesses.

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Synthetic Genomics’ “Breakthrough” Algae Produces Twice as Much Oil

Xconomy

[ Updated 6/19/17 1:17 pm. See below. ] The San Diego biotech company Synthetic Genomics and supermajor ExxonMobil (NYSE: XOM ) said today they have successfully inserted a gene in a particular strain of algae that more than doubled its oil content without slowing down the algae’s rate of growth. The two companies described the work in a statement as a “breakthrough in algae biofuel research.

San Diego 103
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Ring Rolls Out Second Generation Doorbell

socalTECH

Santa Monica-based Ring , the immensely popular developer of the Ring Video Doorbell, has just rolled out its second generation product, the company announced this morning. According to Ring, its new, improved device includes 1080p HD video recording, a removable, rechargeable battery, improved night vision, and interchangable faceplates, in addition to all of its existing features.

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Economic Study Ranks San Diego Near Top in Genomics Innovation

Xconomy

An economic impact study of San Diego’s emerging genomics industry counted 115 genomics-related companies operating in the region that directly employ over 10,000 people, and drive about $5.6 billion worth of annual economic benefits throughout the area. “San Diego is really end-to-end in genomics, from start to finish,” said Kirby Brady, who oversaw the study as research director of the San Diego Regional Economic Development Corp.

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Apple Hires Two Local Sony Execs For Video Efforts

socalTECH

Apple said on Friday that it has hired away two, former Sony Pictures Television executives, to help lead the creation of video programming for the company. Apple said it has hired Jamie Erlicht and Zack Van Amburg , both former Presidents at Sony Pictures Television in Culver City, to help in new positions overseeing video programming for Apple. The two have been responsible for such titles as Breaking Bad, Better Call Saul, The Crown, Rescue Me, and others.

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Is Your Leadership Style Motivating or Demoralizing?

Startup Professionals Musings

Every business leader realizes their primary objective is to motivate people to do what is required, yet all of us with any experience in business tend to remember most those times when we felt highly demotivated by our leaders. Since I can’t imagine any leader demoralizing their team intentionally, I’ve concluded that the challenge must be how to see your own faults and fix them.

Coach 60
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Smith Micro Names New CFO

socalTECH

Aliso Viejo-based Smith Micro Software announced this morning that it has named Timothy Huffmeyer as its new Chief Financial Officer. Huffmeyer had most recently been CFO of Black Box Network Services, where he had been CFO since 2012. Huffmeyer has been at Black Box since 2003, and previously had also served at Ernst & Young, PrintCafe, Inc., CoManage Corporation and ITPI Staffing.

Software 100