Berkonomics
NOVEMBER 1, 2018
So, you are close to selling your company, and counting the profits a bit early. Well, that’s human nature. Here’s a thought for you to recall later when and if the event happens. Remember those who got you there. And for tax reasons, remember them before the closing of the deal, so that you can do so by sharing a bit of your proceeds without paying personal income tax upon those amounts.
TechCrunch LA
NOVEMBER 1, 2018
At least one million people will be receiving the next FabFitFun box as the Los Angeles company surpasses $200 million in revenue and continues its run as one of the startups to watch in the Los Angeles tech community. . As it renews its focus on media — doubling down on new programming in a bid to reach further into repeatable revenue through subscriptions that encompass more than just retail — the company is trying to frame itself as more than just makeup and accessories in a box.
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L.A. Business Journal
NOVEMBER 1, 2018
Los Angeles’ technology sector is growing, according to a recent study from real estate brokerage firm CBRE Group Inc.
socalTECH
NOVEMBER 1, 2018
Camarillo-based semiconductor maker Semtech announed today that it has added Laird Connectivity, a developer of wireless modules and antennas, to its partner program, focused on its LoRa wireless technology. According to Semtech, the addition of Laird will help with the creation and deployment of LoRa-based IoT solutions, giving it access to experienced designers that understand its technology and wireless radio frequency technology.
Advertiser: Aggregage
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.
L.A. Business Journal
NOVEMBER 1, 2018
Seven exit SpaceX's satellite testing team; Hulu prioritizes non-English content; new Office of Child Protection website launches with AI
socalTECH
NOVEMBER 1, 2018
Sharp Display Company , a unit of Sharp Eectronics Corporation which develops TFT-LCD products, plus Flying Eagle Sytsems , a new company created by Foxconn crated to "drive innovation in the display industry", announced today that they have set up shop in downtown Los Angeles. The companies said they have opened up a new, 13,000 square foot creative work space at ROW DTLA.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
NOVEMBER 1, 2018
Los Angeles-based Imbellus , which develops skills assessment software which it says helps organizations assess job seekers by how they think, rather than by what they know, has raised $14.5M in a Series A funding round. The funding was led by Owl Ventures, and also included prior investor Upfront Ventures and Thrive Capital, plus Rethink Education.
Xconomy
NOVEMBER 1, 2018
In some ways, the biggest software acquisition of all time could be a yawner. IBM’s planned $34 billion deal to acquire open-source software maker Red Hat is a hefty price to pay to give its cloud computing business a shot in the arm. But even if the purchase ultimately boosts IBM’s bottom line, some cloud technology executives and investors are wondering whether it will have any transformative effects on the sector.
socalTECH
NOVEMBER 1, 2018
Tech Gives Back , the tech communitys largest corporate service event, was held for the second year in LA on Thursday, October 18th, with 300+ volunteers attending from 60+ companies helping out at eight different volunteer sites: Plastic Oceans in Santa Monica, YearUp in Culver City, Temescal Gateway Park in Pacific Palisades, Harvest Home in Venice, Mar Vista Family Center at Mar Vista, Two Bit Circus Foundation in downtown LA and The Center at Blessed Sacrament in Hollywood.
Xconomy
NOVEMBER 1, 2018
DNA sequencing giant Illumina is shoring up its position in genetic research through a cash deal to acquire Pacific Biosciences for approximately $1.2 billion. Under the agreement , Illumina (NASDAQ: ILMN ) will pay $8 per Pacific Biosciences (NASDAQ: PACB ) share, a 79 percent premium to the Wednesday closing stock price of the Menlo Park, CA, company.
socalTECH
NOVEMBER 1, 2018
Los Angeles-based accounting software developer BlackLine said on Thursday that it has inked a reseller agreement with SAP , which will allow SAP to resell its cloud-based finance and accounting software. Financial details of the deal were not announced. According to BlackLine, SAP will resell its finance and accounting software as a "SAP Solution Extension" to its customers around the world.
socalTECH
NOVEMBER 1, 2018
Los Angeles-based subscription box startup FabFitFun said on Thursday that it has just exceeded $200M in revenues, and now has more than one million subscribers to its service. According to the company, the growth is a huge increase from its start offering up its seasonal subscription box in 2013, when it shipped a mere 2,000 boxes. The site had started in 2010 as a digital magazine focused on beauty, fashion, fitness, wellness, and other areas.
socalTECH
NOVEMBER 1, 2018
Deliv , a startup which offers up same day delivery services for the "last mile" for retailers--which is backed by LA's Upfront Ventures--has raised $40M more in a funding round. The Series C funding came from Google, Clayton Venture Partners (the VC arm of car rental giant Enterprise Holdings),UPS, General Catalyst Partners, The Macerich Co., PivotNorth Capital, RPM Ventures and Upfront Ventures.
socalTECH
NOVEMBER 1, 2018
Venice, California-based Snap , the parent firm of Snapchat , has sued social media influencer and actor Luka Sabbat for failing to promote the company's Spectacles in posts. According to a report and the lawsuit, Sabbat was paid $45,000 upfront with the promise of another $15,000 to post himself wearing Snap's Spectacles, but failed to do so per the legal terms of the deal with Snap.
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