socalTECH

MARCH 3, 2017

The most unusual benificiary of the huge IPO of Venice, California-based Snap Inc. this week appears to be a Silicon Valley high school, which made $24M for its investment in Snapchat. Mountain View-based St. Francis High School apparently sold 1.4 million shares of its stock as part of the IPO, out of 2.1 million shares owned before the IPO. The school invested $15,000 thanks to Lightspeed Venture Partners' Barry Eggers , who apparently recommended the school's VC fund invest in Snapchat after

Snapchat 109

Snapchat Venice Venture Capital Invest 109

L.A. Business Journal

MARCH 3, 2017

Virgin Galactic spins off satellite launch division, NBCUniversal invests $500 million in Snap, and Mediation app Developer Headspace appoints new CEO.

Report 116

Report Invest Develop Development 116

socalTECH

MARCH 3, 2017

Redlands-based GIS and mapping software developer Esri , and defense and government contractor Harris Corporation are in a new partnership, which will focus on offering up Esri's software to the federal government. The two said on Thursday that they are in an enterprise agreement, where Harris becomes an Esri Platinum Tier partner, and the two will work together to help federal agencies with advanced imagery analysis.

Software Development 109

Software Development Tool Software Help 109

L.A. Business Journal

MARCH 3, 2017

Gamers have become hot commodities as e-sports teams make a play for a bigger audience.

150

150

Advertiser: Aggregage

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.

Company

socalTECH

MARCH 3, 2017

Yet another, on-demand car wash service, WashOS , has appeared on the market targeting Southern California. WashOS, led by Bertrand Patriarca, says it detailed 10,000 cars in 2016, with services starting at $29.99. The company--like many other on-demand app developers--uses a network of independent auto detailers which it runs through a three day orientation and training session, and also a background check.

Southern California 109

Southern California Demand SoCal Training 109

L.A. Business Journal

MARCH 3, 2017

Virgin Galactic of Long Beach has spun off its small-satellite launch division into a new company called Virgin Orbit, according to a statement.

Long Beach 109

Long Beach Company Companies 109

Startup Professionals Musings

MARCH 3, 2017

It’s easy to say to people on your team that they must be accountable for their actions, but it’s not so easy to tell them how to do it. It’s even harder to give them the mindset of wanting to be accountable. In fact, many business leaders forget that they are the role model for accountability, and don’t audit their own actions to make sure that they always practice what they preach.

Examples 80

Examples Organization Customer Custom 80

socalTECH

MARCH 3, 2017

A new company, Virgin Orbit , formed by Richard Branson's Virgin Group , has launched to focus on low cost, small satellite launches--and already has 200 employees and 180,000 square feet in Long Beach, according to Virgin Galactic. According to Virgin Galactic, the new company will be led by Dan Hart, former Boeing Vice President of Government Satellite Systems.

Long Beach 100

Long Beach Design Services Company 100

Xconomy

MARCH 3, 2017

In an address to Congress this week, President Donald Trump outlined many of his near-term goals, including an overhaul of the Affordable Care Act, also known as Obamacare, even as public opinion has begun to shift in favor of the law. Trump toned down his typical blunderbuss rhetoric, but he had choice words for the drug industry and approval process, broadly attacking the high cost of medicines and a “slow and burdensome” regulatory path, even though the FDA is considered a relatively speedy a

San Diego 50

San Diego Pricing Layoffs Blogging 50