Thu.Jan 03, 2019

Missed Expectations and The Eighty Percent Acquisition Rule

Berkonomics

Eighty percent of all businesses purchased by another company or by a new investor-operator fail to meet the stated expectations of the buyer after one year.

uBeam Dangles Promise Of First Demo At CES

socalTECH

Los Angeles-based uBeam , the controversial wireless charging startup backed by Upfront Ventures, says its is about to unveil its "ultrasonic wireless power system" at the CES 2019 show in Las Vegas next week, the first demonstration of the company's technology. The company, which has its CEO step aside last year , had gained a lot of unwanted attention from doubters of the company's technology credibility, when the company's former VP of Engineering called the company's product "a sham".

Missed Expectations and The Eighty Percent Acquisition Rule

Berkonomics

Eighty percent of all businesses purchased by another company or by a new investor-operator fail to meet the stated expectations of the buyer after one year.

Medsphere Buys Healthline Solutions

socalTECH

Carlsbad-based healthcare information technology developer Medsphere Systems Corporation said this morning that it has acquired Texas-based HealthLine Solutions , a developer of applications which are used by hospitals to manage their supply chain inventory. Financial details of the acquisition were not announced. According to Medsphere, the Healthline's core assets include applications that use bar coding and RFID technology used for healthcare supply chain inventory management.

For CAR-T Cancer Fighters in the Real World, Two Roads Diverge

Xconomy

A generation ago, cancer treatments made from a patient’s own living immune cells would have been science fiction. Now they’re here.

Cubic Buys GRIDSMART For $87M

socalTECH

San Diego-based Cubic Corporation said on Wednesday that it has acquired GRIDSMART Technologies , a developer of video tracking technology for the traffic management market. The deal was worth $87M in cash. GRIDSMART develops video detection technology, which uses image processing, computer vision modeling, and machine learning to track the movement of both people and traffic through street intersections.

More Trending

JMI Equity Backs Jvion's Healthcare AI Software

socalTECH

San Diego- and Baltimore-based private equity investor JMI Equity is the lead backer of a developer of artificial intelligence software for the healthcare industry this morning. Jvion , a developer of clinical decision support software, said on Thursday that it received a "significant" growth equity investment for the startup, to expand its healthcare AI and prescriptive analytics platform.

Equity 109

Silicon Beach Report Jan. 3: $100 Million for SpaceBelt Data Storage

L.A. Business Journal

AT&T earthquake app available for download; LA Times malware ID’d; Westwood data storage firm raises $100 million

Report 109

Ring Plans Major Outdoor Lighting Push

socalTECH

Los Angeles-based Ring , the developer of the ubiquitous video doorbells and security camera products, is planning a major push into outdoor lighting , according to documents filed with the FCC. Those documents--first uncovered by blogger Dave Zatz--describe, in detail, all of the planned "Ring Beams Spotlight" products, which include such features are motion detection, cameras, and "connected" sensors. Ring has not yet announced those products or availability officially.

In a Huge Biopharma Shakeup, Bristol-Myers to Buy Celgene For $74B

Xconomy

Bristol-Myers Squibb has agreed to acquire Celgene in a deal that would create one of the largest biopharma organizations in the world and send ripples throughout the life sciences sector.

Reflections on 2018: Jeb Spencer, TVC Capital

socalTECH

During the holiday season, our tradition over the last few years has been to post reflections on the past year and some predictions from Southern California's technology industry. As we close out our contributions for the end of 2018, here's Jeb Spencer of TVC Capital. What was the biggest lesson you learned this year? Two big lessons in 2018. Technology investing is the best job in the world, but it can be fraught with failure.

MADIA Tech Launch Event

SoCal Tech Calendar

Wednesday, January 9, 2019 --.

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100

Hire A Pro Connects Users With Construction Providers, Handymen

socalTECH

Los Angeles-based Hire A Pro said over the holidays that it has launched a new browser-based, web application which helps users get quotes and pricing from contractors and handymen. According to the firm, its new browser-based app lets home and business owners get immediate pricing for tasks and remodeling projects, all via their smartphone. The company is led by CEO Aaron Jones, and says it was founded in 2016. READ MORE>>. hireapro construction market marketplace handyman handymen

Preccelerator Workshop

SoCal Tech Calendar

Tuesday, January 8, 2019 --.

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100

Cloud Constellation Finds $100M More For Space Data Network

socalTECH

Los Angeles-based Cloud Constellation Corporation , which is developing space-based managed network services and cloud data storage services, said over the holidays that it has raised $100M in a Series B funding round. The funding came from HCH Group Company, Ltd. Cloud Constellation is developing a service it calls "SpaceBelt", which it says allows enterprise, government, and military organizations to transmit sensitive data to the cloud, via a network of eight low earth orbit (LEO) satellites.

L.A. Tech 2019 Kickoff

SoCal Tech Calendar

Wednesday, January 9, 2019 -- L.A. Tech 2019 Kickoff. Startup Coil. Kick off 2019 with Startup Coil and L.A. Tech Happy Hour at the beautiful Waterfront Venice. See [link] (more

Venice 100

Forge Therapeutics Gets $11.1M

socalTECH

San Diego-based Forge Therapeutics , a biotechnology startup which is developing antibiotics to treat lung infections, has received $11.M in funding commitments from CARB-X, a public-private investor funding projects that target antibiotic resistant bacteria. According to Forge Therapeutics, it will initially receive $5.7M from CARB-X, with the possibility of another $5.4M based on technical milestones. Forge Therapeutics is developing medicines which target metalloenzymes.

Class 100

Forge Therapeutics Gets up to $11.1M to Advance “Superbug” Drugs

Xconomy

As strains of bacteria evolve to fight back against common antibiotics, a slew of biotechnology companies are working to develop ways to combat these “superbugs.” San Diego’s Forge Therapeutics is among those targeting gram-negative bacteria, a type of bacteria that has a protective outer membrane that makes it especially resistant to drugs. Comparatively, gram-positive bacteria don’t have that extra membrane, and they’re easier to treat.

Thousand Oaks Biopharmaceuticals Gets $45M In Series A For Biotech Manufacturing

socalTECH

Thousand Oaks- and Shanghai-based Thousand Oaks Biopharmaceuticals , a new contract manufacturing organization fort he biotech industry, said it has received $45M in a Series A financing round. The funding came from New Alliance Capital, plus ADDOR Capital, Tenyall & Sumin, Broadhi Capital, QianRong, Ji Lin Ao Dong, and Bluebay Capital.