Mon.Aug 14, 2017

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What Do Boards Actually Do?

Both Sides of the Table

There’s a lot of mystique about what happens at board meetings and a lot of imagined board-room drama. I read commentary or Twitter or blogs and realize that there are also strongly held convictions that there are these evil VCs who do terrible things to mostly altruistic founders. The image of boards and of investors vs. founder conflicts has been so at odds with my experiences on dozens of boards over the past 20 years that I thought it was worth sharing what I actually see.

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Silversheet Gets $5M For Medical Credentials

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Los Angeles-based Silversheet , a startup which is modernizing the process of medical credentialing, said on Monday that it has raised $5M in a Series A funding round. The funding was led by Summation Health Ventures. Silversheet, which was co-founded by Dr. Miles Beckett, Dr. David Rakoff, Pat Cheung, and Steve Seigel, has now raised a total of $10.2M.

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Silicon Beach Report Aug. 14: L.A.’s MarketCast Acquires Fizziology

L.A. Business Journal

L.A.’s MarketCast acquires Fizziology, SpaceX launches Falcon 9 rocket with heavy load of scientific experiments, Snapchat debuts Crowd Surf, a video-stitching feature.

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Los Angeles Cleantech Incubator, NewCities Dangle $15K To Startups

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The Los Angeles Cleantech Incubator (LACI) , and partner NewCities Foundation said on Monday that they will award $15,000, plus other prizes, to a startup developing technology in the zero emissions transportation and shared mobility area. According to the two, they are running a global startup competition as part of an upcoming event in November. The groups said startups that apply to the competition must be less than five years in business with revenues of less than $5 million and have product

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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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Dragonfly, eGenesis, Spero & More: Xconomy’s Startup Award Finalists

Xconomy

Startups play a critical role in the innovation economy that we chronicle at Xconomy—transforming new ideas that begin in a lab into the products and companies of tomorrow. No surprise, then, that the startup category in our first-ever Awards program was a particularly competitive one, loaded with private companies (no more than 5 years old) in several biotech hotspots: gene editing, microbiome research, immuno-oncology, regenerative medicine, digital health and more.

Startup 90
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GoDaddy Boots Neo Nazi Publication Over Charlottesville Posts

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Online web hosting site GoDaddy has booted a neo-Nazi publication, the Daily Stormer, from its hosting services, after users pointed out the site's articles celebrating the death of a woman in Charlottesville, Virginia over the weekend. The site had posted an article disparaging the woman who was murdered by a supporter of the gathering of "alt-right", neo-Nazi, and other white supremacist groups in Charlottesville.

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Broadcom Sues DTS Over Play-Fi

socalTECH

Irvine-based Broadcom , along with its subsidiary Avago Technologies , has sued Calabasas-based DTS and its subsidiary, Phorus, claiming infringement of its audio processing technology. In a lawsuit filed with the U.S. international Trade Commission, Broadcom claims DTS is infringing on an Avago patent for its "Play-Fi" wireless audio streaming technology.

Patents 124
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PartySlate Raises $3M For Event Showcase Site

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Los Angeles-based PartySlate , a new startup which lets event planners showcase venues, parties, and events they have hosted, has raised $3M in a funding round. The funding came from Jump Investors, Wavemaker Partners, and Halogen Ventures. PartySlate is led by CEO and co-founder Julie Novack, who teamed with John Haro (CTO, Co-founder) and Mark Semon (Executive Creative Director) on the new startup.

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Neo-Nazi Website Turned Away By Google

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Google has revoked the domain registration for the neo-Nazi web publication, The Daily Stormer, after the site attempted to move its domain registration and host‌ing to Google, according to reports. The move comes after the site was ordered to move away from GoDaddy over the weekend, after it posted an article disparaging the woman killed by a neo-Nazi sympathizer in Charlottesville.

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Hulu Selects Amazon's AWS For Live TV Streaming

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Los Angeles-based streaming television service Hulu has selected Amazon Web Services (AWS) as its cloud provider, for its new over-the-top (OTT) live TV service it launched in May. According to AWS, Hulu is using AWS to support the more than 50 live channels on Hulu. Amazon's AWS also supports Amazon's own Amazon Video service, as well as others like Netflix, BBC, Discovery Communications, and many, many others.

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FilmTrack Finds $5.5M More

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Studio City-based FilmTrack , which develops software used for rights management in the media and entertainment industry, has raised $5.5M in a Series C funding round. The funding came from Insight Venture Partners. FilmTrack says it has now raised over $40M in total funding. FilmTrack, led by CEO Jason Cassin, says it will use the funding to further advance its rights management software.

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SpaceX Sends Another Payload On Its Way To ISS

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Los Angeles-based SpaceX has again successfully sent a payload on its way towards the International Space Station, sending the Commercial Resupply Services (CRS-12) mission into space at 12:31 p.m. EDT on Monday. The mission will deliver more than 6,500 pounds of cargo to the ISS, and is expected to stay in space for a month. SpaceX also successfully landed the first stage of the Falcon 9 rocket at Cape Canaveral.

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Synthorx Names Research VP

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San Diego-based Synthorx , a synthetic biology company working in the protein therapeutics area, said today that it has named Marcos Milla, Ph.D., as its Senior Vice President of Research. Milla was most recently at Adaptive Biotechnologies, and also has served at GlaxoSmithKline, Perelman School of Medicine at the University of Pennsylvania, Roche Palo Alto, and Janssen Research & Development.

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MabVax Therapeutics Raises $1.3M In PIPE

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San Diego-based biotechnology developer MabVax Therapeutics , which is publicly traded on the Nasdaq as MBVX, said today that it has launched a registered direct offering which will provide the company of $1,312,500. The Series J Convertible Preferred Stock comes from un-nnamed investors, and will go towards working capital and general corporate purposes.

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Ticketmaster's TicketWeb Buys Strobe Labs

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Los Angeles-based TicketWeb , the self service ticketing arm of Ticketmaster , announced this morning that it has acquired event marketing software developer Strobe Labs. Financial details of the acquisition were not announced. Strobe Labs developed software which helped entertainment venues search and view customer profiles, build and deploy fan lists for direct marketing and email campaigns, and run social campaigns on Facebook, Instagram, and Spotify.

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SpaceX To Launch Twelfth Mission To ISS This Morning

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Hawthorne, California-based SpaceX is targeting another launch of a cargo resupply mission to the International Space Station (ISS) this morning from Florida, at 12:31 p.m. EDT. The mission will deliver over 6,400 pounds of supplies and payloads to the ISS, and will return around 3000 pounds of cargo after a one month stay at the ISS. The launch will be from Launch Complex 39A at NASA's Kennedy Space Center, and is being webcast on the SpaceX website.

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