Fri.Sep 15, 2017

StartEngine Plans New Equity Crowdfunding Campaign, For Itself


Los Angeles-based StartEngine , the equity crowdfunding site led by serial entrepreneur Howard Marks, told its supporters on Friday that it is planning to launch a new, equity crowdfunding effort: for itself. According to StartEngine, in an email to investors in earlier equity crowdfunding efforts on its site, that in the coming weeks, StartEngine will be offering its own shares to investors.

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NASA Nominee Bodes Well For Entrepreneurs

L.A. Business Journal

President Donald Trump’s nomination of Jim Bridenstine, a U.S. representative from Oklahoma, as the next administrator of NASA could bring a wave of business to Southern California aerospace companies

Cie Digital Labs Names Entrepreneur In Residence


Irvine-based Cie Digital Labs (CDL) said this week that it has named Jim Davis as the company's new Entrepreneur in Residence. Davis previously served at at eBay and Pepsi, and is Managing Partner at early stage venture capital investor Rezven Partners. Cie Digital Labs, led by Anderee Berengian, recently has focused on helping brands and also startups take their ideas and turn them into new technology ventures. READ MORE>>.

Dealmaker, Thought Leader & More: The X of the Year Xconomy Award Finalists


Given the size and diversity of the life sciences community in the Boston area, we at Xconomy knew that many candidates would be so unique that they wouldn’t fit neatly into a category. So we gave them a category of their own.

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Bio Roundup: Phase 3 Fails, Shkreli Jailed, Moderna Flip-Flops & More


It was a week of realignments. President Trump, who used to be known as “The Donald” but now goes by “ Amnesty Don ,” kept up the parlay-voo with his new friends Chuck and Nancy. Martin Shkreli, who was once known— and still is! —as the “pharma bro,” will have a new perspective for a while, through the bars of a jail cell. In Cambridge, MA, Moderna Therapeutics promised more clinical data as it reasserts central control over its drug R&D.

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Slacker Acquired By LiveXLive


San Diego-based online radio station and music streaming service Slacker Radio has been acquired by LiveXLive , the two companies announced on Friday. Financial terms of the acquisition were not announced, however, an SEC filing indicates the deal was worth around $50M, split between $44M in cash and $6M in stock. LiveXLive is a live music streaming service. LiveXLive said it will combine the content programming teams of both companies.

Pelican Rolls Out New iPhone Case Line


Torrance-based Pelican , the manufacturer of high end protective cases, has rolled out its line of cases for Apple's new iPhone models. According to Pelican, it has rolled out a full line of cases, including the Voyager, Adventurer, Protector, Ambassador, Interceptor, as well as Pelican Shield for the iPhone X. The company's Pelican Shield for the iPhone X includes 5 layers of protection, including a layer of "military grade" Kevlar. Pelican is owned by private equity firm Behrman Capital.

EDF Renewable Energy Wins Wind Deal In Oklahoma


San Diego-based renewable energy developer EDF Renewable Energy has signed a big, 120 megawatt wind energy deal in Oklahoma. According to EDF Renewable Energy, it has signed an agreement to supply Kimberly-Clark Corporation with 120 MW of wind energy from the Rock Falls Wind Project in Oklahoma, the first use of utility-scale renewable energy by the Kimberly-Clark.

Report: Cornerstone OnDemand Hires Investment Bankers For Review


Santa Monica-based Cornerstone OnDemand has hired investment banking firms Centerview Partners and Goldman Sachs, in a move that could result in either a sale of the company, or help in fighting off an activist investor, according to a report.

Cornerstone OnDemand Wins University of Georgia


Santa Monica-based enterprise learning and human capital management software developer Cornerstone OnDemand said this mroning that it has been selected by the University of Georgia, to help support professional development and regulatory compliance at the school. Financial impact of the win was not announced. According to Cornerstone OnDemand, its products will be eventually available to more than 50,000 users at the school.