Wed.Nov 15, 2017

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5 Intrapreneur Startup Lessons From The Co-Father Of The Xbox

InfoChachkie

A version of this article previously appeared in Forbes. I was great fun to interview Robbie Bach, Co-Father of the Xbox, as part of UC Santa […]. The post 5 Intrapreneur Startup Lessons From The Co-Father Of The Xbox appeared first on John Greathouse.

Startup 149
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Mission Ventures Gets Exit, As TIBCO Acquires Alpine Data

socalTECH

San Diego-based venture capital investor Mission Ventures has seen an exit in its venture portfolio this morning, at data science and Hadoop software developer Alpine Data. Palo Alto-based TIBCO Software announced this morning that it has acquired San Francisco-based Alpine Data, which is a developer of cloud-based data science and social collaboration tools.

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8 Ways That Creating A New Business Helps Your Career

Startup Professionals Musings

If you are one of the many professionals still trapped between jobs by circumstances outside your control, or are about to dump the loser job you have now, you should be actively defining and starting your own business, in parallel with looking for that ideal job. Let me explain why this is a win-win deal, no matter what the outcome. You have probably secretly always wanted to run your own show, but with an existing job, never took the time to consider a startup.

Help 56
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TechShop Shuts Down, Looks For Buyer, Never Opened In LA

socalTECH

TechShop , the "Maker" space operator which allowed technology enthusiasts to access 3D printers, do-it-yourself electronics tools, and other resources for the DIY and "Maker" movements, has shut down all of its locations nationwide, and is now looking for a buyer, the company said on Wednesday. The company--which had announced plans to open a location in Los Angeles in 2014, and even announced a deal in May of 2015 to open up a location at The REEF in downtown Los Angeles.

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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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Acorda Takes Another Hit, Reports Patient Deaths in Parkinson’s Study

Xconomy

Acorda Therapeutics’ rebuilding plan just suffered another setback, leaving the fate of one of the experimental Parkinson’s disease drugs that is closest to market unclear. Ardsley, NY-based Acorda (NASDAQ: ACOR ) said Wednesday morning that it has seen troubling safety problems in a Phase 3 trial of its experimental Parkinson’s disease drug tozadenant.

Study 55
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Health IQ Finds $34.6M, Plans San Diego Hiring

socalTECH

Health IQ , a startup which offers up insurance only to "health conscious" individuals, has raised $34.6M in a Series C funding round, which it said partially go to expanding hiring at its San Diego offices, the company announced on Wednesday. The funding was led by Andreessen Horowitz, and also included include Charles River Ventures, Ribbit Capital, Foundation Capital, First Round Capital, Felicis Ventures and Western Technology Investments.

San Diego 113

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Toshiba America Business Solutions Buys Electro Imaging Systems

socalTECH

Lake Forest-based Toshiba America Business Solutions , which manufactures business copiers and office equipment, says it has acquired Electro Imaging Systems , an independent office equipment dealer based in Livermore, California. Financial details of the acquisition were not announced. Toshiba America Business Solutions said the move is part of a return to strategic acquisitions by the company, and is its first acquisition since 2008.

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Arrowroot Capital Raises $177M Fund For Software Investments

socalTECH

Santa Monica-based Arrowroot Capital Management announced today that it has raised a $177M, third fund, Arrowroot Capital II, L.P. , to invest in growth equity for enterprise software companies. According to the firm, led by founder and managing partner Matthew Safaii, it is focused on growth capital for healthy, recurring revenue enterprise software companies in the lower-middle market.

Invest 113
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SendGrid Sees Pop In IPO Debut

socalTECH

SendGrid , the email infrastructure and back-end services provider which has offices and was founded in Orange County, had its IPO debut this morning, and began trading on the New York Stock Exchange today as SEND. The company priced its IPO at $16.00 per share last night, above its initial estimated IPO range of $13.50 to $15.50 per share. The company is now trading up around $18.50 in its initial few minutes of trading.

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NKP Medical Marketing Acquired By MB Growth Advisors

socalTECH

Los Angeles-based NKP Medical Marketing , a provider of digital marketing and search engine optimization services focused on the specialty medical area, has been acquired by private equity investor MB Growth Advisors. Financial terms of the acquisition were not announced. MB Growth Advisors said the deal also included a group of un-named, private investors.

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Faraday Future Loses Three Executives

socalTECH

Los Angeles-based electric car developer Faraday Future , even after dramatically scaling back its ambitious plans, appears to be circling the drain--losing three executives, including its CFO, CTO, and head of its manufacturing line. Stefan Krause, the company's CFO and former BMW executive, left the company in October; Ulrich Kranz, the company's CTO and also formerly at BMW, resigned; and Bill Strickland, a former Ford executive running the company's manufacturing, also has left, according to

CTO Hire 113
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CombiMatrix Acquired By Invitae For $34.9M

socalTECH

Irvine-based CombiMatrix , which had developed genetic testing technology for the pediatric and prenatal disorder area, has been acquired by Invitae , in a deal worth approximately $34.9M in stock. Invitae, which is based in San Francisco, said the acquisition will bolster its efforts in the family and reproductive health genetic information area. CombiMatrix had provided providing genetic information for prenatal diagnosis, miscarriage analysis and diagnosis of pediatric developmental disorders