Thu.Nov 02, 2017

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Are you ready to take on an office lease?

Berkonomics

Rent your first office with caution. . Several years ago, I became involved with a Southeast Asian company looking to expand into the United States. During the discussions with the CEO about hiring North American managers, he made it clear that he wanted us to find a first-class office facility from which to start the search process, and proceeded to name cities that attracted him.

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HyreCar Extends Online Car Rentals To New York

socalTECH

Los Angeles-based online car rental service HyreCar , which lets users rent out their vehicles to others--including short term rentals to Uber and Lyft drivers--says it has expanded its service to the state of New York. HyreCar says it now has operations in 29 states. HyreCar specifically targets its peer-to-peer car rental marketplace to towards drivers wanting to drive for ride sharing services.

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Silicon Beach Networking Mixer At Wurstkuche in Venice

SoCal Tech Calendar

Wednesday, November 8, 2017 -- Silicon Beach Networking Mixer At Wurstkuche in Venice. Join the fastest growing startup and tech community in Los Angeles! Meet new people and participate in lively discussions with outstanding names in the Silicon Beach community. Register immediately for an early bird ticket.

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March Capital Partners Gets Exit As VMware Acquires VeloCloud

socalTECH

Santa Monica-based venture capital investor March Capital Partners has chalked up another exit in its enterprise software portfolio, after VMware said Thursday morning that it has acquired VeloCloud , a developer of cloud-based, software-definied, wide-area-network (SD-WAN) technology. March Capital Partners is an investor in VeloCloud, and led VeloCloud's Series C funding in January of 2016.

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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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Silicon Beach Report Nov. 2: Activision Blizzard’s Q3 Results Beat Expectations

L.A. Business Journal

Activision Blizzard’s third-quarter results beat expectations, HP and Intel become sponsors for Activision Blizzard’s Overwatch League and Snapchat adds tracking pixels.

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Onica Raises $20M For Cloud Migration, IT Services Efforts

socalTECH

Santa Monica- and Irvine-based Onica , a provider of IT services focused on cloud-based platforms like Amazon Web Services (AWS), has raised $20M in a funding round, the company announced this week. The company--formerly known as CorpInfo--said the funding came from Sunstone Partners. Onica said it will use the new funding to focus on growth of its Amazon Web Services (AWS) consulting and managed services business.

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Clutter Expands Into Moving Services

socalTECH

Los Angeles-based on-demand, storage service Clutter is expanding into the moving business, saying on Wednesday that it will start offering up in-city moving services. The new service will be priced per move per hour, allowing users to move a room or an entire home across the cities Clutter offers its service. Clutter currently offers up its moving services in Los Angeles, San Diego, San Francisco, Chicago, Seattle, New York, , and New Jersey.

Services 113
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Congress Urges Tech Firms To Control Content—But With Qualms

Xconomy

At Congressional hearings this week on Russia’s use of social media to interfere with the 2016 U.S. election, lawmakers pressed Facebook, Twitter, and Google to take exhaustive measures to stop the same thing from happening again. Lawmakers urged the companies to scour their networks to root out foreign advertisers, trolls and bots; to eliminate messages meant to sow discord among Americans; and banish content the social media companies themselves describe as “vile” and “malicious.

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SendGrid Sets Estimated IPO Pricing Range

socalTECH

SendGrid , the developer of email delivery tools and back-end email services with operations in Irvine, has set its estimated IPO pricing range this morning, saying it is looking to sell 7,700,000 shares of its common stock at between $13.50 and $15.50 per share. The company has been approved to list on the NYSE as SEND. The company's co-founder, Isaac Saldana, is based in Orange County and the company currently has substantial operations in Irvine.

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Payoff Becomes Happy Money

socalTECH

Costa Mesa-based PayOff , the financial app developer led by CEO Scott Saunders, is in a big rebranding today, saying it has become Happy Money. According to the company, Happy Money is at the intersection of psychology and money, and has the goal of "helping people live happier lives." According to Happy Money, it believes a person's unique psychology is the best predictor of their financial behavior and key to improving their financial health, and that it plans to deliver financial products an

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Overwatch League Signs On HP, Intel For Sponsorships

socalTECH

The Overwatch League , the new e-sports league based on Irvine-based Blizzard Entertainment's popular gaming title, Overwatch, said today that it has announced its first sponsorship deals for the league, with HP and Intel. Financials behind the two sponsorship deals were not announced, however, the Overwatch League said the two have both signed on for multi-year sponsorships of the league.

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Enevate Rolls Out Super Fast Charging Technology For EVs

socalTECH

Irvine-based Enevate , a startup backed by Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies, Presidio Ventures, and CEC Capital--says it has rolled out new technology which allows for extremely fast, 5 minute charging of electric vehicles (EVs). According to Enevate, its new fast charging technology allows EV batteries to be charged in 5 minutes for a driving range of up to 240 miles, based on its own lithium-ion (Li-ion) battery technology.

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Appetize Doubles Employee Count, Boosts Growth

socalTECH

Playa Vista-based Appetize , which develops tablet-based, modern point-of-sale (POS) technology for the food service and retail markets, says it has doubled its employee count in the last year to 200, as it sees what it calls "exponential" growth in its business. The company, which offers up its technology to venues such as major stadiums and convention centers, said the growth was fueled by the investment in the company in 2016 by Shamrock Capital Advisors.

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Yardi Buys WUN Systems For Coworking Software, Systems

socalTECH

Santa Barbara-based real estate management software developer Yardi has acquired WUN Systems , the developer of technology used to manage coworking and shared workspaces, the company said late Wednesday. Financial details of the acquisition were not announced. According to Yardi, WUN Systems' entire team of more than 80 will continue to operate from its offices across the US and India.

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Fuel50: Helping Employees Figure Out Their Career Path, With Anne Fulton

socalTECH

If you're an employee in a big company, sometimes it can feel like you're not sure when your career is going. Los Angeles-based Fuel50 (www.fuel50.com) � backed by local investors Rincon Venture Partners and Bonfire Ventures�is helping to solve that problem, with its career pathing software designed for helping employees at large enterprises figure out what's next.

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