Berkonomics
FEBRUARY 8, 2018
Close. This statement could be considered controversial. We have previously made the case that professional investors demand more in the form of restrictive covenants and lower valuations. Now we explore the other side of that coin. Professional investors usually bring “smart money” to the table, defined as money that comes along with good advice and great relationships for corporate growth.
socalTECH
FEBRUARY 8, 2018
Los Angeles- and Austin-based Moonshots Capital , the venture capital fund led by serial entrepreneur Kelly Perdew, is ramping its investment pace, with the first two formal investments out of its new fund. The two investments, both announced in January, were cyber-defense firm Threatcare , and bot detection developer New Knowledge. Threatcare says it provides breach and attack simulation, antivirus assessment, credit card exfiltration, and many other simulations to help organizations evaluate c
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L.A. Business Journal
FEBRUARY 8, 2018
Online sneaker sellers GOAT and Flight Club merge; Hulu lost $920 million in 2017; and U.S. military certification the next big test for Falcon Heavy.
socalTECH
FEBRUARY 8, 2018
Los Angeles-based hybrid cloud operator Unitas Global said Thursday morning that it has acquired Solinea , which helps enterprises with cloud adoption. Financial details of the acquisition were not announced by the companies. According to Unitas Global, the addition of the Solinea team will help its position as a trusted advisor and partner to its clients.
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Tech.Co
FEBRUARY 8, 2018
One thing is for certain, entrepreneurship can start at anytime, even as a child. In Gary Vaynerchuk’s new book Crushing It , he begins by talking about his eight-year-old daughter wanting to be a YouTube star. Whether she becomes a celebrity or not remains to be seen. More importantly, even at such a young age, she recognizes the value of online platforms when it comes to building a personal brand and ultimately getting paid for doing something you love.
socalTECH
FEBRUARY 8, 2018
Irvine-based mobile car financing startup AutoGravity said this morning that it has appointed Meesh Pierce as the company's new Vice President of Product Management. Pierce was most recently VP of Product Management at Fandango, and also served as a consultant to Epson America, Energy & Power Solutions, and other companies. AutoGravity offers up a mobile app which lets consumers apply for an auto loan, all using their smartphone.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
FEBRUARY 8, 2018
Los Angeles-based online sneaker marketplace GOAT is acquiring sneaker consignment shop operator Flight Club , and has a raised another $60M via a Series C funding, GOAT disclose this morning, as it looks to expand its footprint. Flight Club operates a consignment store that sells collectible sneakers, out of stores in New York and Los Angeles. According to GOAT, the funding came from Index Ventures, Accel Partners, Matrix Partners, Upfront Ventures, and others.
Xconomy
FEBRUARY 8, 2018
Members of Congress are required to disclose many details about their personal finances. Jared Polis, a Democratic U.S. Representative from Colorado —and a successful Internet entrepreneur—contends that elected representatives and certain staffers should also be required to disclose cryptocurrencies like Bitcoin and Ethereum, even though that’s not necessarily happening now.
socalTECH
FEBRUARY 8, 2018
LogMeIn --which has significant operations in Santa Barbara, due to its acquisition of the Citrix GoToAssist, GoToMeeting, GoToMyPC, GoToTraining, GoToWebinar, and other businesses in 2016--has acquired Jive Communications , a developer of cloud-based phone systems for the Unified Communications (UC) market. LogMeIn announced the acquisition on Thursday morning.
socalTECH
FEBRUARY 8, 2018
Wondering how much wealth has been generated from cryptocurrency out of the (many) Los Angeles early adopters of Bitcoin, Ethereum, and other Blockchain-based currencies? If you just count Brock Pierce , it's between $700 million and $1 billion--according to the Forbes Richest In Cryptocurrency list, which was published this week. Pierce--who is not the only LA investor in the Blockchain area--has backed such companies as Coinbase, Ethereum, and Mastercoin.
socalTECH
FEBRUARY 8, 2018
Culver City-based AfterNow , a design and development agency in the augmented reality area, is jumping into the product world with its own, augmented reality software tool, the company said on Wednesday. According to AfterNow, it has launched AfterNow Prez , a presentation tool which it says lets anyone create "immersive and compelling presentations".
socalTECH
FEBRUARY 8, 2018
Irvine-based antivirus and endpoint protection software developer Cylance says it has released improvements to two of its products, CylancePROTECT and CylanceOPTICS, which it says will simplify security controls for organizations. Cylance said the updates will "cut security stack noise and clutter". The improvements include a new set of interactive dahsboards, and better ability to edit and create threat hunting capabilities in the tools.
socalTECH
FEBRUARY 8, 2018
Santa Monica-based Cornerstone OnDemand , which develops cloud-based, enterprise learning and human capital management software, says it is in an expanded, strategic global relationship with LinkedIn. According to the two, they will will collaborate on customer opportunities and will integrate solutions to bring Cornerstone customers content from LinkedIn's Learning product.
socalTECH
FEBRUARY 8, 2018
Although it will not come anywhere close to the drama and spectacle of the launch of the Falcon Heavy, the next launch from Hawthorne-based SpaceX will have one thing going for it for Southern California fans: it will be from Vandenberg Air Force Base. According to the current SpaceX launch schedule, it will be launching a SpaceX Falcon 9 from launch pad SLC-4E at Vandenberg Air Force Base, just north of Santa Barbara on February 17th.
socalTECH
FEBRUARY 8, 2018
San Diego-based online, outsourced research marketplace Scientist.com has named Arne Brandon as the company's new Chief Commercial Officer, as part of an international expansion effort by the company. Brandon was most recently Vice President of Global Strategic Partnerships at VWR International, and also served at Thermo Fisher Scientific and Life Technologies.
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