Thu.Sep 28, 2017

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J2 Global’s Hemi Zucker to Step Down, Lead VC Firm

L.A. Business Journal

J2 Global Inc. of Hollywood announced on Thursday that Chief Executive Hemi Zucker will resign on Jan. 1, 2018 to become a managing principle of venture capital firm OCV Management.

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OCV Partners Gets $200M, And Hemi Zucker, For Investment Efforts

socalTECH

Los Angeles-based venture capital investor OCV Partners has received $200M from j2 Global--and added outgoing j2 Global CEO Hemi Zucker--to ramp up its investments in technology companies. The little known venture capital investor says it invests between $5M and $40M in companies in the information technology, retail platforms, media & telecommunications, defense, life sciences & healthcare, and clean technology areas.

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Silicon Beach Report Sept. 28: J2 Global’s Hemi Zucker to Step Down, Lead VC Firm

L.A. Business Journal

J2 Global’s Hemi Zucker to step down, lead VC firm, Lockheed Martin ramps development of SR-72 at Palmdale’s Skunk Works and Snapchat launches sponsored World Lenses.

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BlackLine Adds SolarWinds CEO To Board

socalTECH

Los Angeles-based financial automation software developer BlackLine says it has added the CEO of SolarWinds, Kevin Thompson to its board of directors. According to BlackLine, Thompson's experience as a ceo and previously CFO at several technology companies, including Surgient, SAS Institute and Red Hat, will help guide it through its next phase of growth.

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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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How Facebook Videos Can Boost Your Social Media Campaign

Tech.Co

The popularity of video in marketing has risen in recent years. Here at Sparkhouse in southern, California, we aren’t aware of a decrease in literacy (though the replacement of emoticons for words might say otherwise), but perhaps it tickles a certain part of the brain that enjoys the easiness of visual stimulation over reading all those words on that tiny screen.

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Yardi Gets Win In Singapore

socalTECH

Santa Barbara-based property management software developer Yardi reported a win in Singapore yesterday, saying that the Pontiac Land Group is using Yardi's products to manage a portfolio of high end hotels, commercial and retail buildings and other assets in Singapore. Financial details of that win were not announced. Pontiac specialized in the luxury real estate development area.

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StartEngine Joins ICO Bandwagon

socalTECH

Los Angeles-based equity crowdfunding site StartEngine is looking to get into the "initial coin offering" (ICO) market, saying that it is planning on becoming one of the first crowdfunding portals to accept Initial Coin Offerings. According to the company, it's planning on running a conference on November 10th, featuring people from the industry, former SEC attorneys, and companies planning to launch their own ICOs.

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j2 Global Plans CEO Shift, As Zucker Joins LA Venture Capital Firm

socalTECH

In a major move for Los Angeles-based j2 Global is planning to turn over operation of the company to Vivek Shah, as current CEO Hemi Zucker plans a move to a new, venture capital investment firm called OCV Management. According to j2 Global, Shah will take over the CEO role from Zucker on January 1st, 2018. Zucker will join a new venture cpaital firm, OCV, which is being organized by j2's Chairman of the Board, Richard Ressler.

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Sofie Biosciences Completes Acquisition Of ZevacorPharma

socalTECH

Culver City-based Sofie Biosciences says it has completed its acquisition of Zevacor Pharma , and has rebranded itself as SOFIE , according to the company. Sofie is a developer of molecular imaging tools, used in PET imaging and radiosynthesis of PET compounds. Zevacor operates 16 radiopharmacies and provides contract manufacturing services. READ MORE>>.

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Amgen And AbbVie In Legal Settlement

socalTECH

Thousand Oaks-based Amgen and AbbVie have settled a series of lawsuits against each other, saying this morning that they have agreed to resolve all pending litigation regarding AMGEVITA/AMJEVITA, a biosimilar which is based on AbbVie's Humira (adalimumab). According to the two, AbbVie will grant a patent license for use and sale of the compound worldwide, on a country-by-country basis.