Thu.Feb 22, 2018

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Three Bitcoin Billionaires Share Their Story of How They Moved Early into the Asset Class

Both Sides of the Table

At the recent Upfront Summit my partner Stuart Lander had the opportunity to show some California Love and interview three of the wealthiest Bitcoin owners, each of whom were some of the earliest owners in the asset class and who haven’t sold any of their holdings. It’s an extraordinary story ranging from Jaime who studies cryptography in college to Bryan who was early in selling products on Silk Road to Steven owns 179,000 Bitcoin worth more than $2 billion.

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Sports stars, franchises and Hollywood agencies are betting $38 million on an esports revolution

TechCrunch LA

What started with an esports team is now quickly becoming an esports empire, backed by some of the biggest names in sports and money managers for entertainment family dynasties and Hollywood power brokers. Vision Esports LP, the esports conglomerate launched by Stratton Sclavos, Rick Fox and Amit Raizada has just closed on a $38 million […].

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Hire a consultant; ignore the advice.

Berkonomics

At one time or another, most all businesses use consultants to fill the gaps in knowledge or to provide guidance for management. Consultants are good in that you can sample their work with short projects, change to other consultants quickly, and stop using them when a project is completed. I have a partner in a consulting practice that specializes in the travel industry.

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Investment Fund Vision Esports Raises $38 Million

L.A. Business Journal

Investment fund Vision Esports announced on Feb. 22 that it raised $38 million in a round led by Evolution Media, the investment firm backed by Creative Artists Agency and private equity fund TPG Growth.

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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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LiveXLive Shifts To NASDAQ

socalTECH

Beverly Hills-based live-streaming and on-demand video content provider LiveXLive has shifted its public listing to the NASDAQ Capital Market, the company said on Thursday, and is now trading as LIVX. The company--which previously had been traded over-the-counter--is led by Chairman and CEO Robert Ellin. LiveXLive says its platform and app, deliver premium live-streamed and on-demand video content from live music events and festivals.

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Silicon Beach Report Feb 22: Kylie Jenner’s Tweet Cuts $1.3 Billion of Snap's Market Value

L.A. Business Journal

Kylie Jenner’s tweet cuts $1.3 billion off Snap's market value; investment fund Vision Esports raises $38 million; and SpaceX successfully launches, but narrowly misses catching $6 million nose cone.

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Caltius Equity Partners Sells Vision Technology Solutions

L.A. Business Journal

Caltius Equity Partners announced on Feb. 22 the sale of its portfolio company Vision Technology Solutions, a website developer for government organizations in the U.S. and Canada, to cloud-based software developer Granicus for an undisclosed amount.

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ImmunoCellular Therapeutics Seeks Buyer, Hires Investment Banker

socalTECH

Los Angeles-based biotechnology developer ImmunoCellular Therapeutics said this morning that it has launched a "review of strategic alternatives", and has hired an investment banking firm, Ladenburg Thalmann & Co. Inc., as a strategic financial advisor. According to the company, Ladenberg will assist in review of the company's business and assets and exploration of strategic opportunities for enhancing stockholder value, including the potential sale or merger of the company.

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IEEE Buenaventura EMBS Talk

SoCal Tech Calendar

Wednesday, February 28, 2018 -- IEEE Buenaventura EMBS Talk. Understanding Signal Transduction Pathways. Cancer cells are notorious for uncontrolled growth and invasiveness. Within the human cell, proteins "talk" to each other and practice checks and balances to ensure that communication is tightly regulated. Speaker: Dr. Nitika Parmar received her PhD in Molecular Biology from UCLA and subsequently completed a Post-Doctoral fellowship at UCLA after which she was appointed as an Assistant Projec

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Tap Starts Shipping Wearable Which Makes Anything A Keyboard

socalTECH

Pasadena-based Tap Systems , a startup which develops a "wearable" which monitors your fingers and makes any surface a virtual keyboard, says it has begun shipping its products to customers. The company, which has been taking pre-orders since November, has created a device which is strapped onto your fingers, and monitors your finger movement to input information through a special app, "TapGenius".

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Smart Cities Initiative Spurs “Gigabit Apps” for Next-Gen Internet

Xconomy

In late 2015, the National Science Foundation awarded a $6 million grant to the non-profit organization U.S. Ignite to help drive the development of next-generation “gigabit applications,” as part of a broader effort to create “smart gigabit communities” throughout the U.S. The idea was to both help cities improve local services and spur the development of something that didn’t really exist at the time—a nationwide infrastructure of ultra high-speed networks providing Internet service at s

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Cornerstone OnDemand Links With Institute for the Future

socalTECH

Santa Monica-based cloud-based learning and human capital management software developer Cornerstone OnDemand is aiming to make it easier for employers to help their people learn the skills they need to survive in the "workplace of tomorrow", through a link with think tank Institute for the Future. According to Cornerstone OnDemand, the effort will help organizations with priotizing their workforce learning efforts, and help their workers learn the skills they need to prepare for tomorrow.

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Breaking Down Barriers to Entrepreneurship Starts with Messaging

Tech.Co

With the rise in startup activity around the country, more local organizations are emerging to help provide resources, training, education, and funding to support underserved communities and their dreams to build a business. At Techstars Startup Week Phoenix 2018 powered by Chase for Business , leaders from Phoenix-based organizations discussed how they help break down barriers to entry for entrepreneurs.

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FanAI Finds $2.5M For Esports Monetization

socalTECH

Santa Monica-based FanAI , a startup that it using artificial intelligence to identify and optimize sponsorship engagement in the eSports world, has raised $2.5M in a funding round, the company announced this morning. The funding round was led by Courtside Ventures and CRCM Ventures, and also included BITKRAFT Esports Ventures, BDS Capital, Catalyst Sports, Deep Space Ventures, Everblue Management, Greycroft GC Tracker Fund, M Ventures, Rosecliff Ventures, and Sterling VC.

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Forget Perfume Counters: Phlur’s A.I. is E-Commerce’s Scent Sherpa

Xconomy

Austin —It stands to reason that if any industry could resist the tidal wave of e-commerce, it would be the fragrance business. After all, how can you smell a perfume or cologne online to decide if you like the scent? But Eric Korman, founder and CEO of Phlur, says the startup can make it easier for shoppers to find scents they like while also offering up a more bespoke selection of products.

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Watch SpaceX Falcon Launch From Vandenberg At 6:17AM

socalTECH

Hawthorne-based SpaceX is getting set for another attempted launch of the PAZ satellite mission from Vandenberg Air Force Base this morning, with an expected launch at 6:17 a.m. PST. The launch, due to its twilight hour, may be visible across Southern California. SpaceX is launching the payload from Space Launch Complex 4 East (SLC-4E) at Vandenberg Air Force Base, just north of Santa Barbara; the rocket being launched was previously launched in August of 2017 for the FORMOSAT-5 mission.

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The Rise of Big Data in the Enterprise Space and How to Handle It

Southern California Edison Blog

Big data and the insights that companies can glean from big data analytics has become a transformational tool for enterprises across all industries. In a study from NewVantage Partners, 48.4% of executives report that their firms have realized measurable benefits as a result of highly successful big data initiatives, with only 1.6% classifying their efforts as a failure.

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NVCA Takes Aim At Sexual Harassment In Venture Capital

socalTECH

The National Venture Capital Association , the industry group which represents the venture capital industry, is taking aim at sexual harassment issues in the industry with a new set of reference documents for startups and venture firms. According to the NVCA, it has released a set of sample human resources politices for addressing harassment and discrimination, a set of "best practices" for addressing those issues, and a sample "code of conduct" policy.

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SpaceX Tries To Catch Fairing After Successful Launch

socalTECH

Hawthorne-based SpaceX , which successfully launched its latest mission from Vandenberg Air Force Base on Thursday morning at 6:17 a.m., also attempted a new experiment during the launch: an attempt to capture the fairing of the rocket as it descended back from space. The fairing of the rocket is used to cover the satellite payload atop the company's Falcon 9 rockets, while it is still exposed to the Earth's atmosphere.

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Marlin Equity Acquires Propelics

socalTECH

Los Angeles-based private equity investor Marlin Equity has acquired San Jose-based Propelics , a developer of mobile apps for enterprise customers, Marlin Equity said on Thursday. Marlin acquire Propelics via portfolio company Anexinet Corporation , which is based in Philadelphia. Financial details of the buy were not announced. Marlin Equity said it merged Propelics with Anexinet to accelerate Anexinet's modernization and digital business strategy.

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