Wed.Oct 04, 2017

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Larta Lands Energy Department Contract to Aid Small Businesses

L.A. Business Journal

Larta Institute, an accelerator for small businesses in the health care, agriculture and energy sectors, announced this week that its Larta Inc. subsidiary had been granted an exclusive Department of Energy contract to aid small businesses across the country.

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Ligand Buys Crystal Bioscience For $25M

socalTECH

San Diego-based Ligand Pharmaceuticals announced late Wednesday that it has agreed to acquire Crystal Bioscience , a developer of chicken-derived, human antibodies. Ligand said it agreed to pay $25M in cash plus additional potential payments of up to $10.5M based on "success-based" milestones and revenue sharing. Crystal has developed technology which allows chickens to be used to generate human antibodies.

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Silicon Beach Report Oct. 4: Snap Inc. Sold 150,000 Spectacles

L.A. Business Journal

Snap Inc. sold 150,000 Spectacles, Los Angeles pet device firm draws $3.7 million investment and senators concerned about space debris and proposed SpaceX satellites colliding.

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Newegg Aims At Maker Market

socalTECH

Los Angeles-based online e-retailer Newegg is setting its sights on the growing "Maker" market, the large group of technology enthusiasts who are into building and creating their own electronic projects. According to Newegg, it has launched a new "Maker" category on its site, which it says is dedicated to builders and DIY tech enthusiasts. According to Newegg, the new category will feature such items as developer kits, drones, home automation and boards, including Raspberry Pi and other similar

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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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The Entrepreneurs Journey: Show Some Grit or Time to Quit

SoCal Tech Calendar

Tuesday, October 10, 2017 -- The Entrepreneurs Journey: Show Some Grit or Time to Quit. USC Alumni Society. Entrepreneurs often face many challenges, many frustrations, and many victories. The entrepreneurial journey is not for everyone and it definitely is not for the faint of heart. “The Entrepreneurs Journey: Show Some Grit or Time to Quit” is an opportunity for USC alumni to hear from dynamic speakers about their personal entrepreneurial stories and what they did to persevere.

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Veracity Industrial Networks Adds $1.5M In Funding

socalTECH

Aliso Viejo-based Veracity Industrial Networks , which develops secure industrial networking technology, has raised $1.5M in a Seed D funding, the company announced this morning. The funding came from Microsemi, Hollencrest Capital Management and Schweitzer Engineering Laboratories (SEL). Veracity, which is led by CEO Paul Myer, said the funding will go towards ramping its business, as well as for further development of its industrial cybersecurity products.

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Ten-X Acquisition By Thomas H. Lee Completes

socalTECH

Irvine-based Ten-X , an online real estate marketplace, is now officially owned by private equity investor Thomas H. Lee Partners , T.H. Lee said this morning. The deal was originally announced in August. Ten-X, formerly known as Auction.com, was venture backed by Stone Point Capital, and CapitalG (formerly Google Capital), who continue to hold minority stakes in the company.

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Digital Hollywood

SoCal Tech Calendar

Tuesday, October 10, 2017 -- Digital Hollywood. Skirball Center. Keynote Event and Evening Host Seth Shapiro, Governor, Interactive Media, The Television Academy.

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Techstars Music Makes Call For New Los Angeles Class

socalTECH

Techstars Music , the music startup accelerator in Los Angeles, says it is on a worldwide tour to find founders interested in participating in its new class, which starts on February 5h. According to Techstars , its applications close on October 15th, and that it will be making final selections around December 15th. Last year, Techstars Music said it had 11 startups who participated, who have so far raised more than $15M in total funding.

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High School Dropouts Use Common Sense To Amass Millions

InfoChachkie

A version of this article previously appeared in Forbes. Note: This is Part II of High School dropout growth hacks. Part I can be […]. The post High School Dropouts Use Common Sense To Amass Millions appeared first on John Greathouse.

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Green Commuter Opens Up Electric Car Sharing In LA

socalTECH

Los Angeles-based Green Commuter , a startup offering up electric car sharing services, says it has officially started offering up its services in Los Angeles. Green Comutter is now offering up Tesla Model X vehicles to LA residents by the hour or weekend, while offering up those same vehicles to vanpoolers and fleets during the week. According to Green Commuter, its vehicles are available to users via its mobile app.

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The 6 Characteristics Of Great Leaders According to Inverted Software’s CEO

Inverted Software

Listen to Inverted Software’s CEO Mr. Gal Ratner as he talks about what makes a great leader with Lori Jones on the I&I podcast. This is highly recommended listening.

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Snap Says It Has Sold 150,000 Spectacles

socalTECH

Evan Spiegel, the CEO of Venice-based Snap , says that so far, it has sold more than 150,000 of its camera-equipped sunglasses--much more than expected by the company. Spiegel reported the sales numbers in an interview with Vanity Fair at its Vanity Fair New Establishment Summit yesterday. Snap first rolled out its Spectacles in September of 2016, through limited access "vending machines", but has since started selling them it its own stores, Amazon.com, and through other outlets.

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10 Clues That It May Be Time To Seek Outside Help

Startup Professionals Musings

If an entrepreneur doesn’t find themselves in over their head at least 20% of the time, they are probably not pushing the limits, not taking enough risk, and probably not working on an idea that’s worth doing. The challenge in to know when and how to ask for help, and not let bravado and ego mask anxieties. The best people know when they don’t know, and know how to find the right help.

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March Capital's FogHorn Finds $30M More

socalTECH

FogHorn Systems , a developer of machine learning software for the industrial and commercial IoT market, which is backed by Santa Monica-based venture investor March Capital, has scored more funding. FogHorn said it received $30M in a Series B funding, which was led by Intel Capital and Saudi Aramco Energy Ventures, and also included Honeywell Ventures.

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