socalTECH

SEPTEMBER 27, 2018

The Port of San Diego says it has been hit by a ransomware attack, which has disrupted the port's information technology systems--although it says that ships and boats are able to continue to access the port at the moment. According to the Port of San Diego, an unknown group is holding the port's IT systems hostage, requesting a payment in Bitcoin. The Port said it is working with the Federal Bureau of Investigation (FBI) and the Department of Homeland Security (DHS) on investigating the "seriou

San Diego 184

San Diego Report Technology Company 184

Berkonomics

SEPTEMBER 27, 2018

Almost anyone who has sold a company has a story to tell about their good deal, the problems with the buyer, a last-minute change of terms, or more. I have saved this next story until now because it is one of my favorites, and certainly illustrates the point about timing being a combination of luck and skill as well as anything I could devise from fiction.

Sales 120

Sales Web Design Web Design 120

socalTECH

SEPTEMBER 27, 2018

The U.S. Securities and Exchange Commission has filed a lawsuit against technology mogul Elon Musk , over Musk's tweet that he was taking one of his companies, Tesla Motors , private, in a deal worth $420 per share. The lawsuit--filed in Manhattan on Thursday afternoon--alleges Musk gave a "series of false and misleading statements" to investors. The SEC lawsuit is seeking both civil penalties, as well as to bar Musk from being an doffice or director of a public company.

Technology 133

Technology Company Companies SpaceX 133

InfoChachkie

SEPTEMBER 27, 2018

A version of this article previously appeared in Forbes. “As much as possible, avoid hiring MBA’s. MBA programs don’t teach people how to create companies … our position is that we hire someone in spite of an MBA, not because of one.” – Elon Musk, Founder Tesla Motors and SpaceX. MBA’s are an easy target for entrepreneurs’ scorn.

Entrepreneur 113

Entrepreneur Allegis Startup Competition 113

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.

Company

socalTECH

SEPTEMBER 27, 2018

Los Angeles-based identity verification and compliance provider Netki --which is backed by such firms as O'Reilly AlphaTech Ventures (OATV), Donuts, Colle Capital, The Husseini Group, The Digital Currency Group, Tom Turney, Bitfinex, Plug and Play, and Base Ventures--is helping to power a new cryptocurrency wallet called Bitsy , the company said today.

Artificial Inteligence 124

Artificial Inteligence Los Angeles Invest Customer 124

SoCal Tech Calendar

SEPTEMBER 27, 2018

Wednesday, October 3, 2018 -- 2018 Hollywood Entertainment Technology Festival. The Hollywood Entertainment Technology Festival (HETF) is an exciting international event bridging the US and China, with expert speakers and panel discussions on trends in entertainment technology, cross-border opportunities, and investments. The festival promotes collaboration and innovation on a global scale, and serves as an ideal platform for visionaries, content creators, entrepreneurs, and investors currently

Hollywood 100

Hollywood Entertainment Technology Content 100

L.A. Business Journal

SEPTEMBER 27, 2018

WndrCo invests $30 million in restaurant platform; Soon-Shiong distributes Zinc batteries to Africa and Asia; Kovacs named new LAVA president.

LAVA 113

LAVA Invest Report Platform 113

socalTECH

SEPTEMBER 27, 2018

Rialto, California-based Plant Prefab , a manufacturer of custom, prefabricated homes, has raised $6.7M in a Series A investment, according to the company. The Inland Empire company said the funding came from Obvious Ventures and the Amazon Alexa Fund. Obvious Ventures is the venture fund co-founded by Twitter co-founder Ev Williams. Plant Prefab manufactures custom, pre-fabricated single- and multi-family homes, which are much faster to build and reduces construction costs, as well as waste fro

Customer 113

Customer Custom Sites Funding 113

Xconomy

SEPTEMBER 27, 2018

The window for life science IPOs is still open, and five biotechs and one medical device company chose the last week of the third quarter to make their stock market debuts. Gritstone Oncology (NASDAQ: GRTS ) closed out the week by raising $100 million in an upsized IPO. On Thursday night, Emeryville, CA-based Gritstone priced its offering of 6.6 million shares at $15 apiece.

Pricing 94

Pricing Funding Marketing San Diego 94

socalTECH

SEPTEMBER 27, 2018

San Diego-based biopharmaceuticals developer ACADIA Pharmaceuticals says it has named two new executive to its team. According to the firm, it has named Robert Kaper, M.D. as Senior Vice President, Global Head of Medical Affairs, and Eliseo Salinas, M.D., M.Sc. as Senior Vice President, Chief Scientific Officer and Head of External Innovation. Kaper was most recently Senior Vice President of Medical and Scientific Affairs for AMAG Pharmaceuticals, and also sered at Cephalon and Organon.

San Diego 113

San Diego Develop Development Company 113

Xconomy

SEPTEMBER 27, 2018

Culture Shifting Weekend —a November 1-3 invitation-only summit, presented by Culture Shift Labs (CSL)—will offer a rare opportunity for leading companies and investors to meet, vet, and fund the fast-growing ecosystem of Black venture capitalists and VC firms. Hosted at Infor in New York City, Culture Shift Lab’s annual three-day event will enable institutional investors, social impact investors, corporate VCs, and the broader investment community to directly engage with this burgeo

Company 90

Company Companies Venture Capital Capital 90

socalTECH

SEPTEMBER 27, 2018

Thousand Oaks-based Red Pocket Mobile , a telecom provider which offers up contract-free, low-cost wireless plans, has teamed up with online auction an marketplace site eBay , to include a low cost wireless plan with every phone sold on eBay, the two said this morning. According to the companies, eBay will offer up an option to add wireless service for every phone sold on the site for as little as $5 a month.

Mobile 113

Mobile Thousand Oaks Sites Services 113

SoCal Tech Calendar

SEPTEMBER 27, 2018

Wednesday, October 3, 2018 --.

Sales 100

Sales 100

socalTECH

SEPTEMBER 27, 2018

Los Angeles-based car sharing marketplace HyreCar says it has named Scott Brogi as its new Chief Financial Officer. Brogi was previously head of finance and operations for Teaching Channel, Inc., and also had served at such companies as AccentCare, Pictage, Apollo Education Group, and Chase Manhattan Bank. HyreCar operates a marketplace which allows car dealers and others to offer up their vehicles to ridesharing drivers.

Education 113

Education Los Angeles Angel Company 113

Xconomy

SEPTEMBER 27, 2018

Diseases that affect mucus membranes, such as those lining the inside of the mouth, can be difficult to treat because drugs don’t adhere well to wet surfaces. Afyx Therapeutics, a Danish transdermal drug company that established its North America headquarters in San Diego about six months ago, says it has developed a nanofiber-based patch that will improve the way patients with such conditions receive treatment.

San Diego 61

San Diego Develop Development Company 61

socalTECH

SEPTEMBER 27, 2018

The Los Angeles Venture Association (LAVA), which supports local startups and emerging-growth companies, has named entrepreneur Kimberly Kovacs as the group's new President, according to the group. Kovacs co-founded OptionEase, and also is managing director of Arroyo Ventures and is the founder and CEO of MyJane, a startup online wellness community.

LAVA 113

LAVA OCTANE Southern California Pasadena Angels 113

socalTECH

SEPTEMBER 27, 2018

Evvnt , an event marketing automation software developer based in London, says it has set up a U.S. office in Los Angeles, as part of an "aggressive" North American expansion effort by the company. The company said the move comes as it has received an investment from three U.S. newspapers, and signed up its first U.S. client, The Bakersfield Californian.

Social Network 113

Social Network Media Software Development Los Angeles 113