Thu.Jan 18, 2018

Can your lawyer destroy a good business deal?


Over the years in business and as a member of over forty boards, I have received good advice from corporate attorneys and on occasion bad advice as well. There is a line that should be drawn in a relationship between corporate attorney and CEO or board.

L.A. Among the Finalists for Amazon’s 2nd Headquarters

L.A. Business Journal

Los Angeles was named by Amazon as one of the 20 finalist cities for the Seattle e-commerce giant’s second headquarters

Jam City Shows Off Teaser For New, Mobile Harry Potter Game


Los Angeles-based mobile game developer Jam City is showing off details of a new game it is developing with Warner Bros. Interactive Entertainment, called Harry Potter: Hogwarts Mystery , saying that it expects to launch the game this spring.

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Silicon Beach Report Jan. 18: L.A. Among the Finalists for Amazon’s 2nd Headquarters

L.A. Business Journal

among the finalists for Amazon’s 2nd headquarters; Jam City develops ‘Harry Potter’ game; and Apple leases 128,000 square feet in Culver City

Solekai Systems Merges With Fairway Technologies


Two, San Diego-based software development and integration companies-- Solekai Systems and Fairway Technologies --said this morning that they have merged into a new company. Financial details of the merger were not announced. According to both companies, they will continue to operate under their respective names. The combined company now has over 80 engineers.

Absences, Surprises in Amazon’s Final List of 20 Cities for HQ2


And then there were 20. Amazon has winnowed down the field of 238 submissions from communities around North America vying to host a second headquarters (HQ2) of the Seattle-based tech giant Most large cities with existing or emerging tech hubs appear on the list, from Austin, TX, and Boston, MA, to Washington, DC, and Toronto, Canada—the only non-U.S. city to make the finals. There were a few notable absences from the list, released early today.

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Detroit Auto Show Puts Big Focus on Mobility Technologies, Startups


The North American International Auto Show (NAIAS) kicked off this week in Detroit, allowing industry affiliates and media to get an early look before the show opens to the public this weekend. For the second year in a row, NAIAS highlighted the mobility sector’s potential business models and offered glimpses of how the trillion-dollar market for self-driving cars might take shape.

Snap Chops Two Dozen Employees, Says Report


Venice, California-based Snap has laid off two dozen employees, who were working on its branded content efforts, according to a report on Thursday. The employees were reportedly working on Snap's Discover section. READ MORE>>. snap employees branded content discover employment jobs

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Ross Levinsohn Accused Of Sexual Harassment


Ross Levinsohn , the publisher and CEO of the Los Angeles Times --and longtime, influential veteran of Southern California's high tech industry--is under investigation by the owner of the LA Times, Tronc, after an in-depth examination of Levinsohn's conduct by NPR during his time in the high tech industry.

Evofem Biosciences Closes Merger With Neothetics


San Diego-based Evofem , which develops products in the area of women's sexual and reproductive health, has merged with Neothetics. As part of the merger, Evofem said it will begin trading on the NASDAQ Capital Market as EVFM. Evofem is led by CEO Saundra Pelletier. Invesco Asset Management Limited has invested $20M in stock of the merged company as part of the merger deal. READ MORE>>. evofem biosciences neothetics lifescience female women reproductive healthcare invesco

Los Angeles Makes Amazon's HQ2 List


Los Angeles has made the short list for Amazon HQ2 , Amazon's effort to create a new, second headquarters in North America for the firm, as its outgrows its presence in Seattle, according to an announcement from Amazon this morning. Amazon said that it has selected 20, candidate locations for its headquarters, including Los Angeles, which it says it will evalate per an RFP it issued last year.

Unitas Global Raises $10M In Funding


Los Angeles-based Unitas Global , a provider of managed, hybrid cloud services and software for the enterprise market, has raised $10M in a funding, according to the company. The funding was led by Boathouse Capital, and also included prior investors MK Capital and Azure Capital. As part of the funding, Andrew Olsen of Boathouse Capital will join the board of Unitas Global.

CalAmp Wins Government Fleet Deal In Pennsylvania


Irvine-based telematics products developer CalAmp says it has signed up the Commonwealth of Pennsylvania's Bureau of Vehicle Management (BVM) as a customer. Financial details of the win were not announced. According to CalAmp, the department is using its FleetOutlook products to reduce costs and streamline the operations of the state-owned vehicle fleets. Pennsylvania's BVM oversees approximately 11,000 passenger, emergency and off-road vehicles. READ MORE>>.

SpaceX Hits Certification Speed Bump In Path To Astronaut Flights


Hawthorne-based SpaceX has hit a speed bump in its quest to fly astronauts to the International Space Station (ISS)--and Mars--after a safety panel recommended NASA not certify the SpaceX commercial crew system last week. The safety panel said NASA should not certify SpaceX's system until the agency better understands the failure which led to the dramatic, launch pad explosion of a Falcon 9 back in September of 2016.

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