Mon.Jul 24, 2017

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How Phyn Is Bringing The World Of High Tech To Water Conservation, With Ryan Kim

socalTECH

The world of plumbing is not known for its high tech products. However, that makes it an area ripe for technology innovation. We spoke this morning with a Los Angeles startup, Phyn (www.phyn.com)--which recently spun out of Belkin in a joint venture with Uponor--to talk about the company's water monitoring devices, which apply some remarkably sophisticated research and computer technology to monitor the usage of all of a home's water--all through monitoring a single water pipe.

High Tech 176
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Silicon Beach Report July 24: Internet Brands to Buy WebMD for $2.8 Billion

L.A. Business Journal

Internet Brands to buy WebMD for $2.8 billion, Hulu names Google veteran as marketing executive, and ‘Game of Thrones’ Snapchat lens reaches 45 million people.

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Internet Brands Buys WebMD For $2.8 Billion

socalTECH

El Segundo-based Internet Brands , which is owned by private equity investor KKR, agreed this morning to acquire WebMD in a deal worth approximately $2.8 billion. According to WebMD, Internet Brands will pay $66.50 per share in cash for all of the outstanding shares of WebMD common stock. The deal is expected to close in Q4 of 2017. WebMD operates a popular online health information site.

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Internet Brands to Buy WebMD for $2.8 Billion

L.A. Business Journal

Internet Brands Inc. of El Segundo announced an agreement Monday to acquire online medical information company WebMD for $2.8 billion.

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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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AutoMobility LA Dangles $200,000 In Prizes For Auto Startups

socalTECH

AutoMobility LA , the high tech-, connected-car focused event which is part of the LA Auto Show, said it is running a startup competition which will over up prizes worth over $200,000 at its 2017 Top Ten Automotive Startups Competition. The deadline for the competition is August 11th. The top prizes include $120,000 in credits for Microsoft Azure and an opportunity to attend the Extreme Tech Challenge (XTC) held on Sir Richard Branson's private estate, Necker Island.

Startup 113
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Lean on Your Networks When Making Early Hires

Tech.Co

Hiring your first few employees can often be as hard as choosing your cofounders. Especially in the early days of your startup, when you’re often only months from running out of money, hiring the wrong person can be disastrous. Yet it’s hard to accurately vet potential candidates. Cold job interviews can be an unreliable litmus test for hiring. Even the traditional green-light for someone who graduated from an Ivy League school has been proven to be more noise than signal.

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With Helix’s Help, Lose It Adds Genetic Insights to Weight Loss App

Xconomy

Does your genetic code contain information that can help you lose weight? It’s a serious question in science, and in business. Now, the makers of Lose It aim to find out. The nine-year-old mobile app —from Boston-based parent company FitNow—was early in the field of using smartphones to log workouts and meals , and track progress toward health goals.

Help 82
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Allegro Opthalmics Finds $10.7M In Funding

socalTECH

San Juan Capistrano-based Allegro Opthalmics , a developer of drug treaments for treating diabetic macular edema (DME) and vitreomacular traction (VMT), said today that it has raised $10.7M in an equity funding round. Source of the new funding injection was not announced. According to Allegro, the new funding goes to complete multiple Phase 2 clinical trials and prepare for Phase 3 studies.

Funding 113
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8 Big-Company Habits That Don’t Work In A New Venture

Startup Professionals Musings

When I hear executives and professionals in larger businesses talking about their dream of going out on their own to start a new company, I always cringe. I have been there and done that. They and I never realized how hard it is to break the big-company habits and conventions. If you are going to do it, don’t wait too long. The longer you wait, the more traumatic the decision will be.

Company 58
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eFFECTOR Therapeutics Raises $38.6M

socalTECH

San Diego-based eFFECTOR Therapeutics , a developer of treatments for cancer, has raised $38.6M in a Series C funding round, the company announced this morning. The funding was led by Pfizer Venture Investments (PVI), and also included Alexandria Venture Investments, along with U.S. Venture Partners, Abingworth, Novartis Venture Fund, SR One, The Column Group, Altitude Life Science Ventures, Sectoral Asset Management, Abbvie Biotech Ventures, BioMed Ventures, and Astellas Ventures.

Study 113
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Effector Raises $38.6M to Advance New Class of Anti-Cancer Drugs

Xconomy

San Diego’s Effector Therapeutics, a five-year-old cancer drug developer, has raised $38.6 million in new venture capital funding. The Series C financing, led by Pfizer Venture Investments, brings total funding for Effector to about $150 million, CEO Steve Worland said late Monday. The company said it plans to use the new funding to advance testing of small-molecule drugs that target a select set of proteins that regulate an anti-tumor immune response at a fundamental level of gene expression kn

Class 59
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Nearmap Delivers New 3D Aerial Imagery Data

socalTECH

San Diego- and South Jordan, Utah-based Nearmap has recently rolled out a new, aerial imagery system aimed at the mapping, construction, engineering, and government industries, according to the company. According to the company, it has added new 3D content, and oblique aerial imagery. The company said its new technology captures the tops, sides and view angles of locations, buildings and objects, providing specific details of what's exactly on the ground, whic his suitable for creating 3D textur

San Diego 113
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Airspace Technologies Links Into Alexa

socalTECH

Carlsbad-based Airspace Technologies a provider of technology enabled logistics services and related software, said it has integrated its service with Amazon Alexa. According to Airspace, the new integration allows users to track, trace, and review their shipments using voice commands on Alexa. Airspace said its tools provide real-time email and app tracking, in addition to voice integration with Alexa.

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Hulu Names Google Vet As Chief Marketing Officer

socalTECH

Santa Monica-based streaming television provider Hulu announced on Monday that it has appointed Kelly Campbell as the company's new Chief Marketing Officer. Campbell was most recently at Google, serving as Managing Director of Global Growth Marketing for Google Cloud, also also had previously worked at JPMorgan Chase and FleetBoston Financial Corporation.

Hulu 113