Mon.May 07, 2018

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Interview with Lidia Yan, NEXT Trucking

socalTECH

How do you get top tier venture capitalists interested in your startup? Our interview this morning is with Lidia Yan , the founder of NEXT Trucking (www.nexttrucking.com), a venture-backed startup which operates an online marketplace for freight shipping. Yan tells us how the company's revenues, growth, and profits--even in the early days--drove $21M in funding from Sequoia for the company.

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Snap Names New Chief Financial Officer

L.A. Business Journal

Snap Inc. is changing chief financial officers from Drew Vollero to Tim Stone, a move that comes as the app company’s stock price is in sharp decline.

Pricing 113
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Champion Technology Gets Investment From R9B

socalTECH

Santa Monica-based Champion Technology , which develops an artificial intelligence-powered software product for the cybersecurity area, to help improve cyber security analysis, has received a strategic investment from R9B (root9B, LLC), a provider of cybersecurity products and services. Size of the investment was not announced. According to the two, the investment deal came as a result of a strategic partnership and alliance between the companies.

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Silicon Beach Report May 7: Snap’s new CFO comes from Amazon, cryptocurrency hack targets Drupal sites

L.A. Business Journal

Snap taps Amazon exec as CFO; UCLA among 400 sites caught in cryptocurrency hack; Sirius XM opening in Hollywood

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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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San Diego Airport Aims At Startups With New Accelerator

socalTECH

In an unusual move, the San Diego International Airport is hoping to make it easier for startup and innovators to figure out how well their services work in an airport setting, with a new Innovation Lab , the airpot said on Monday. According to the airport, the new accelerator program hopes to help startups and others bypass what normally has been an "arduous and lengthy" RFP process which typically occurs when companies want to try to implement their services at airports, which can take up to 2

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Tech Coast Angeles Los Angeles Screening

SoCal Tech Calendar

Friday, May 11, 2018 -- Tech Coast Angeles Los Angeles Screening. Must be a member or invited.

More Trending

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MADIA Tech Launch Meetup

SoCal Tech Calendar

Wednesday, May 9, 2018 --.

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SpaceX Targets Next Satellite Launch For May 10th

socalTECH

It seems like a week doesn't go by with another SpaceX launch or landing, and this week is no different. SpaceX said on Monday afternoon that it is targeting launch of the Bangabandhu Satellite-1 on May 10 from Pad 39A in Florida, at Cape Canaveral. The launch comes only a few days after the return of a SpaceX Dragon from the international Space Station (ISS) over the weekend, after a successful splashdown in the Pacific on Saturday.

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Will New Study Cut Guesswork for Depression Medicine Prescriptions?

Xconomy

Genetic testing that helps guide more precise cancer treatment is making its way into standard practice in major U.S. medical centers. Could the same eventually be true for depression? One test maker thinks it has finally gathered enough evidence to convince psychiatrists to order its product and make more informed prescriptions based on a patient’s DNA.

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Snap Shuffles CFO, Snags Amazon Vet For Position

socalTECH

Venice, California-based Snap , the parent company of Snapchat , is shuffling its Chief Financial Officer, saying that its current CFO, Andrew Vollero has agreed to depart the company. Reason for the shuffle was not announced, however, Snap did say that it will name Tim Stone as its new Chief Financial Officer. Stone was previously Vice President of Finance and Vice President of Physical Stores at Amazon since August of 2017 until February of 2018; he has been at Amazon since 1998.

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TechConnect World Innovation Conference

SoCal Tech Calendar

Sunday, May 13, 2018 --.

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Second Sight Medical Raises $10M Via PIPE

socalTECH

Los Angeles-based Second Sight Medical Products , which is developing implantable visual prosthetics, said this morning that it has raised $10M in a private placement. The publicly held company, which trades on the NASDAQ as EYES, said the funding came from entities related to Gregg Williams, the Chairman of the company's board of directors. The company said the new funding will go towards supporting several key near-term initiatives.

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Planning Your Fund Raising — “Measure Twice, Cut Once”

Both Sides of the Table

There is an old management saying, “measure twice, cut once” which refers to the benefit of doing some planning. It’s the antithesis of “ready, fire, aim” which seems to be so prevalent in today’s society. The benefits you will receive from doing even some basic planning before you hit the fund raising trail are enormous. This post has some basic advice on how to plan your raise before you hit the road.

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Is Elon Musk The Next Willy Wonka?

socalTECH

Elon Musk , the Los Angeles technology mogul who is behind such companies as SpaceX (rockets), Tesla (cars, solar panels), and The Boring Company (tunneling machines and "flame throwers"), joked over the weekend that he is starting a candy company. The remarks, on Twitter, apparently are related to back and forth between Musk and Warren Buffett. It's unclear if Musk--known for his sometimes geeky humor--is serious about "starting a candy company".

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Rival Raises $30M for Ticketing Startup

socalTECH

Los Angeles-based Rival , a new startup founded by former Ticketmaster CEO Nathan Hubbard, has raised $30M in funding, the company disclosed over the weekend. The funding came from Andreessen Horowitz, Upfront Ventures, Dick Costolo (Twitter), April Underwood (Slack), and Patrick and John Collison (founders of Stripe). Andreessenn Horowitz's Alex Rampell, and Upfront's Greg Bettinelli have joined Rival's board as a result of the funding.