Both Sides of the Table
AUGUST 29, 2016
GOAT just announced it raised $5 million in venture capital led by our friends at Matrix Partners. On the surface that sounds unremarkable — fundings happen daily. But this isn’t just any funding. GOAT (“Greatest of All Time) is a sneakerhead marketplace that is en fuego, but we led the company’s last financing round in 2012 (yes, four years ago) when they were an application for letting people join group dinners.
socalTECH
AUGUST 29, 2016
Remember Los Angeles-based kids tablet maker Fuhu ? The company went from a hot startup--with over $200M in sales and 400 employees--to bankruptcy, in less than two years. The Los Angeles Times dissects the implosion of Fuhu, which once had hoped for an IPO, and was later sold to Mattel for a mere $21.5M out of bankruptcy. Fuhu was once the fastest growing startup in Los Angeles.
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L.A. Business Journal
AUGUST 29, 2016
Sneaker app GOAT raises $5 million, Engage: BDR Inc. to go on $100 million acquisition spree, Gatorade running in-app tennis game on Snapchat, and more.
socalTECH
AUGUST 29, 2016
Los Angeles-based Vroozi , a developer of cloud-based, B2B procurement software, has raised $4M in a funding round, the company said this morning. The funding was led by Ally Holdings. The startup, led by Steve Olds, said the funding will go towards growing its sales organization, as well as for development efforts. READ MORE>>.
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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.
SoCal Tech Calendar
AUGUST 29, 2016
Sunday, September 4, 2016 -- EMX LABOR DAY PARTY @ Tokyo Beat (DTLA). Electronic Music LA.
socalTECH
AUGUST 29, 2016
Los Angeles-based legal software developer American LegalNet is reporting a new customer win this morning, with law firm Blank Rome LLP. American LegalNet said Blank Rome LLP has purchased its eDockets court-rules-based calendaring and docketing systems software, as well as Docket Direct local/federal court feeds and Smart Dockets court date calculator app.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
AUGUST 29, 2016
Los Angeles-based GOAT , a new startup which lets people buy and sell sneakers via a mobile marketplace, said on Monday that it has raised $5M in a funding round. The funding was led by Matrix Partners, and also included Upfront Ventures and Webb Investment Network. Josh Hannah of Matrix Partners joins the company's board with the funding. The company says it has now raised $12.6M in funding.
Xconomy
AUGUST 29, 2016
Women continue to be vastly under-represented in management and executive-level positions throughout the life science industry—an inequity that came into the spotlight earlier this year when a biotech consulting firm hired female models to improve the male-female ratio at its convention after-party. The catalyzing event sparked a much-needed debate into a serious challenge that has been my reality for decades: It is very difficult to find women executives in the biotechnology field.
socalTECH
AUGUST 29, 2016
Los Angeles-based authentication and identity management software developer Lieberman Software announced today that it has integrated its software with authentication software developer Okta. Lieberman's Enterprise Random Password Manager (ERPM) software offers up multi-factor authentication services. Lieberman specifically said it has linked into a password reset and management product from Okta, which helps end users reset their passwords and credentials without the need for help desk assistan
Startup Professionals Musings
AUGUST 29, 2016
Most entrepreneurs I know are so passionate about their new idea that they are surprised when family and friends don’t line up to invest in their new venture. Yet they tend to ignore this problem, and move on quickly to professional investors. They don’t realize that most Angel investors and venture capitalists will also decline to be first, if you have no commitment from friends and family.
socalTECH
AUGUST 29, 2016
Irvine-based life sciences equipment maker Masimo , in a bit to drum up business in areas affected by the Zika virus, says it will offer up its continous hemoglobin monitoring (SpHb) products at a discount in areas where the blood supply has been affected by the virus. The company says its equipment has been shown to reduce blood transfusions in both low and high blood loss surgery.
socalTECH
AUGUST 29, 2016
Los Angeles-based OpenX , the programmatic advertising marketplace operator, said this morning that it has extended a partnership with Meredith Local Media Group. The two said the expansion covers both desktop and mobile peroperties for Meredith Local. Meredith has 17 owned or operated television stations across the U.S., reaching over 12 million U.S. households.
socalTECH
AUGUST 29, 2016
Los Angeles-based startup studio Science Inc. has backed a startup, Plows & Mowz offering up an on-demand marketplace for snow plowing and lawn care. According to Plowz & Mowz, it has raised $1.5M in a funding round, which came from Science plus undisclosed angels. Plowz & Mowz is based in Syracuse, New York, and is led by Wills Mahoney.
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