Thu.Oct 11, 2018

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Shopify opens its first brick-and-mortar space in Los Angeles

TechCrunch LA

Shopify , the provider of payment and logistics management software and services for retailers, has opened its first physical storefront in Los Angeles. The first brick and mortar location for the Toronto-based company, is nestled in a warren of downtown Los Angeles boutique shops in a complex known as the Row DTLA. For Shopify, Los Angeles is the ideal place to debut a physical storefront showing off the company’s new line of hardware products and the array of services it provides to busi

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Can we have fun while doing serious work?

Berkonomics

Have you ever noticed how slow time passes when you are in a troubled environment? Conversely, sometimes you look up at the end of a great day and wonder where the time went. It’s driven from the top. Over the years, I have discovered that the difference is not just applicable to the good times, but to the environment, created by the senior executives, that filters throughout the organization.

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A Chat With Kelly Perdew: Moonshots Capital And Its First Dedicated Fund

socalTECH

This morning, Moonshots Capital (www.moonshotscapital.com), led by Kelly Perdew and Craig Cummings , announced its first formal fund, a $19M seed stage fund. We sat down with Kelly ahead of the announcement to chat about the new fund, why they think military veterans are particularly well suited as startup entrepreneurs, why the two went from organizing individual deals for funding to a formal fund, and more.

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Silicon Beach Report Oct. 11: EagleTree Capital Acquires FuseFX

L.A. Business Journal

EagleTree Capital picked up a majority stake in visual effects company FuseFX; Northrop Grumman landed $792 million Air Force contract; Catalog raised $1.5 million in a seed round.

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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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Shopify Sets Up Space For Entrepreneurs In LA

socalTECH

Shopify , which develops software for merchants to set up e-commerce, mobile, social media sites, online marketplaces, bricks-and-mortar stores, and more, is setting up a space for entrepreneurs in Los Angeles, the company said this morning. According to Shopify, it has set up a location at the ROW DTLA in downtown Los Angeles, where it will provide in-person help, support, and training for merchants on its software platform.

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eGames, eLeagues and the Economics of Mass Spectator esports: This is NOT your Father’s NFL - MIT Enterprise Forum of the Central Coast

SoCal Tech Calendar

Wednesday, October 17, 2018 -- eGames, eLeagues, and the Economics of Mass Spectator esports: This is Not Your Father's NFL. MIT Enterprise Central Coast. The esport industry growth had been a bottoms-up, viral phenomenon. But now, the emergence of finely-tuned league structures centered around specific games, has helped solidify a growing business ecosystem that has attracted significant investment.

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Tim Berners-Lee Building Inrupt to Fix the Web—Will Users Come?

Xconomy

The World Wide Web is at a crossroads. For all the benefits it has brought society over the past three decades—faster and easier communication, instant knowledge access, a seemingly inexhaustible marketplace of goods and services—the Web has also morphed into an “engine of inequity and division,” according to its inventor , Tim Berners-Lee (pictured above).

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Moonshots Capital Announced First Seed Stage Fund

socalTECH

Los Angeles-based Moonshots Capital , the venture capital investment firm led by Kelly Perdew and Craig Cummings, has raised its first official fund, a $19M seed stage venture fund. The firm--which has been making investments even before raising the official fund, announced today--has already made four investments out of the new fund. According to Moonshots Capital, the first investments are in companies in the corporate security, business travel, social-threat identification technology, and dig

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Facebook Bars 800 Fake Accounts and Pages For Using Tactics Like Russia’s

Xconomy

In another wave of account shutdowns, Facebook announced Thursday that it disabled more than 800 pages and accounts to prevent groups that disguised their identities from flooding its network with inauthentic content—some of it hyper-partisan political messages. Facebook (NASDAQ: FB ) has been under pressure to cleanse its pages of fake news since the discovery that Russian-backed agents using false identities tried to sway voters by spreading false and divisive messages during the 2016 U.

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Semtech, SK Telecom Launches Cattle Monitoring Product

socalTECH

Camarillo-based analog and mixed-signal semiconducto developer Semtech and South Korean telecom giant SK Telecom have announced this morning that the two have launched an Internet-of-Things (IoT) network--based on Semtech's LoRa technology--for monitoring the health of cattle in South Korea. According to the two, they have rolled out a new product called LiveCare, which uses LoRa-equipped "bio-capsules" implanted in a cow's gastrointestinal tract, to monitor cattle health.

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Teradata Moves to San Diego in Global Rebranding Effort

Xconomy

Andrian Pawluk was living in San Diego when Teradata hired him this year and tasked him with transforming 65,000 square feet of offices into an alluring workspace for techies, but he had never previously heard of the data warehouse and business analytics company. And although Teradata has had an engineering R&D lab north of the city for years and reported $2.1 billion in revenue last year, that’s not particularly unusual, thanks to the company’s low profile.

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Catalog Collects $1.5M For AI Software For Visual Artists

socalTECH

Los Angeles-based Catalog , a startup developing artificial intelligence software to help independent visual artists scale their content production efforts, has raised $1.5M in a seed funding round. The funding was led by Moonshots Capital, and also included Techstars and Luma Launch. The startup--led by Patrick Ip--develops software to automate the creation of custom visual content for brands.

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BIO Has Big Diversity Goals. Does It Have the Means to Reach Them?

Xconomy

Whether from embarrassing parties or sobering surveys, the biotech gender gap problem has made plenty of headlines the past couple years. The industry’s largest trade group, the Biotechnology Industry Organization (BIO), is trying to encourage its more than 1,000 member companies to do better. Last winter, BIO posted diversity goals for the industry to hit by the year 2025, and last week, BIO sent a letter to members to remind members of those goals: gender parity—50 percent women

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Bird Steals Away Two Uber Execs

socalTECH

Venice, California-based on-demand scooter rental firm Bird said on Thursday afternoon that it has hired two, former Uber executives. Bird said it has named Davis Cinelli as Vice President and Head of Finance of the company, and Yibo Ling has become Vice President of Corporate Development, in addition ot heading up Bird's team in China. Cinelli was most recently Head of Finance, Global Rides at Uber, and also served for 11 years at General Electric; Ling spent the last four years as Uber's Diret

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NASA: Russian Launch Failure May Impact SpaceX Commercial Crew Mission

socalTECH

The launch failure early this morning in Kazakhstan of a Russian Soyuz mission to the International Space Station may impact the commercial mission of Hawthorne, California-based SpaceX and Boeing, if NASA is forced to return crews to earth and leave the ISS without a crew. In a briefing on Thursday, NASA said it is extending the current mission on the ISS until December, but that if those crew return to earth before another crew can be delivered to the ISS, the Commercial Crew demo flight will

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Zebit Snags Up To $75M In Debt Funding

socalTECH

San Diego-based e-commerce marketplace operator Zebit --which lets underserved consumers buy items on credit through its marketplace--said this morning that it has received a commitment for up to $75M in debt financing, from Route 66 Ventures. Zebit said it will use the debt funding to expand its reach. Zebit's site lets users find products and pay for them over time, at what the company claims is zero percent interest, and without a credit check.

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Manned SpaceX Mission May Be More Urgent After Russian Launch Failure

socalTECH

Interest in a manned launch to the International Space Station by Hawthorne, California-based SpaceX may take on some more urgency, after Russia has suspended all manned rocket launches in the wake of a launch failure this morning. The aborted launch resulted in an emergency landing and search and rescue of a NASA astronaut and his Russian counterpart.

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Broadcom: Fake Memo Circulating Among Congress On Acquisition

socalTECH

Broadcom , the semiconductor maker which has significant operations in Orange County, issued a statement on Wednesday evening, saying that it has become aware of a "fradulent memo" purpoted to be signed by the U.S. Department of Defense, circulating in Congress. Broadcom said the memo--which it says has confirmed with Department of Defense officials is a forged document--had claimed that there is a need of review of Broadcom's acquisition of CA Technologies by the Committee on Foreign Investment