February, 2015

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Some Career Advice for Aspiring Tech CEOs

Both Sides of the Table

'A shortened, better edited and with nicer pictures version of this post first appeared on TechCrunch. But if you want it in it’s full V1 glory read on … You’ve never been a CEO but might like to be one some day. But how? Nobody sees you as a CEO since you’ve never been one? I wrote this conundrum and the need to take charge of how the market define your skills in my much-read blog post on “ personal branding.” If you don’t create the message about your

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Help your employees to grow through their position.

Berkonomics

'When we accept the work commitment from a person we hire, we make a pact with the new employee that often stops at agreeing to pay for service rendered and to provide a safe working environment. There should be more than that. With some people you hire, you know you are just renting their services as they pass through your organization, aimed at a higher calling.

Help 157
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DTS Supplies Surround Sound Technology To M-GO

socalTECH

'Los Angeles-based audio enhancement and processing software developer DTS said this morning that it is in a partnership with Culver City-based M-GO , the provider of video-on-demand and streaming movie services. According to DTS, M-GO will use it DTS-HD multi-channel surround sound as part of its video on demand service. Financial details of the licensing deal were not announced.

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Past Is Prologue: 13 Startup Lessons From How We Got To Now

InfoChachkie

'A version of this article previously appeared in Forbes. In 1862, Charles Darwin predicted that an insect with an extraordinary tongue must exist by observing an orchid which stores its nectar at bottom of long stem. Darwin surmised the anatomical structure of the phantom insect based on the mechanics required to pollinate the flower. 130-years later, scientists discovered X. morganii praedicta, a moth with a freakishly long tongue which fed on the orchid’s pollen.

Examples 192
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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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Great Entrepreneurs Sell Solutions, Not Technology

Startup Professionals Musings

'Even though I love technology, I always cringe when an entrepreneur starts his investor pitch to me by touting his new technology. They have forgotten that new technologies are perceived by most customers as causing more pain than the problems they eliminate. I chastise these startups to highlight the solution created by the technology, rather than highlighting the technology.

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SAVE THE DATE!

Tech Coast Venture Network

Saturday, November 14th From 4:00PM to 9:00PM at The Beall Center for Innovation and Entrepreneurship – UCIrvine.

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Don’t manage with “what” without “why!”

Berkonomics

'Empowering your direct reports with the reasons for your orders gives them incentive to act, motivation to accept authority, and purpose behind action. I try to teach this with the simple phrase that is the headline of this insight. Think of the last time someone above you in your business or personal life gave you an order to do something that seemed either illogical or of low priority – to you.

Report 142
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DealerSocket Buys FEX DMS

socalTECH

'San Clemente-based software developer DealerSocket has acquired web-based, auto dealership software maker FEX DMS , the company said Thursday. Financial details of the buy were not disclosed. FEX DMS develops automotive dealer management systems aimed at independent dealers, handling inventory management, deal processing, loan servicing, electronic payments, and other functions for those dealers.

Software 143
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Treasure Your Startup’s Underdog Advantage

InfoChachkie

'A version of this article previously appeared in Forbes. Underdogs have a romantic appeal. Western societies relish fables which celebrate the victories of those who were expected to lose. Sophisticated entrepreneurs harness the power of their venture''s underdog status, driving their teams to be unabashedly passionate risk takers who refuse to acknowledge failure as an option.

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6 Ways Businesses Win By Doing Fewer Things Better

Startup Professionals Musings

'Intuitively, many entrepreneurs and businesses believe that the key to faster growth and success is more products, features, and markets. Since we all have limited resources, and can’t add more hours to the day, the result is usually more things done poorly, rather than a few key things done better than anyone else. The message here is focus , reiterated by every advisor and investor.

Startup 109
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Technology’s Role in Efficient Business Supply Chains

Tech Zulu Event

'Without a doubt, when looking to technology, one can see it has changed the way we do business. Even thinking back 20 years, you can see that businesses have changed, for the better. While true, many entrepreneurs don’t take advantage of this or understand why technology is so crucial to helping one achieve higher profits and find more clients. With this in mind, it’s wise to consider technology’s role in supply chains, and here are five things to think about with regards to this important subj

Email 63
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Be Careful About Being a Meddling Startup CEO

Both Sides of the Table

'*. I recently wrote a post talking about how some VCs meddle in operating company decisions or some executive teams are too reliant on VCs to jump in and make hard calls for them. Fred Wilson also wrote on a similar topic in his usual more succinct manner , with a great quote being: “One thing I know for sure is that those who advise and invest in startups cannot and should not meddle in the day to day decision making.

Startup 276
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Do you tell your direct reports HOW to do a job?

Berkonomics

'Unless your job is to teach, attempting to tell your direct reports HOW to do the job you’ve asked or ordered them to do will be a disincentive, will remove some of the authority you’ve delegated, and definitely reduce their motivation to act and lead. Think for a moment of sometime in the past where someone directed you to do a job, then launched into a lengthy explanation of how you should do it.

Report 157
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i.am+, will.i.am's Smartwatch Startup, Names Former Sony Exec As COO

socalTECH

'Los Angeles-based i.am+ , the smart watch maker founded by will.i.am , said Thursday that it has named Phil Molyneux as the company''s new President and Chief Operating Officer. Molyneux was most recently President and Chief Operating Officer of Sony Electronics Inc.-USA. Molyneux also spent a significant time at Sony in Europe, managing a number of the firm''s various operations. i.am+ is developing its own, smart watch called the PULS; the company said it now has over 80 employees spread betw

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This Super Cool B-Corp Is Changing The Nonprofit World

InfoChachkie

'A version of this article previously appeared in Forbes. Rose Broome, Founder of HandUp is rocking the non-profit world. HandUp allows donors to hyper-focus their donations to individuals with specific needs. This is a game changer for the homeless. Rather than panhandling for spare change, HandUp, with the help of its partners, allows people in need to create a video which tells their story.

Platform 180
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Will Crowdfunding Replace Angel And VC Investors?

Startup Professionals Musings

'Even if you ignore all the hype around crowdfunding, there can be no doubt that it is a real alternative for entrepreneurs to achieve visibility and funding today. According to articles on Entrepreneur last year, there are now almost 1,000 crowdfunding platforms in existence, currently estimated to add more than $65 billion and 270,000 jobs to the economy.

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Apple Announces Self-Driving Car Project | Who Will Win The Race of the Electric car

Tech Zulu Event

'A series of reports are circling the web regarding a new top secret project being performed by Apple. This project has been confirmed to be focused on the building of a self-driving car. The project is officially known as Titan. No reports have indicated as of yet as to whether Apple’s new project will have similarities to other auto projects currently being undertaken by companies such as Google and Tesla.

Google 66
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Taking My Hat Off to @Shervin and His Hyperloop Ambitions

Both Sides of the Table

'*. Shervin Pishevar. Many of the articles I’ve read about him over the last several years have a listing of his biggest successes – mostly Uber – and a tinge of cynicism about his close connections with celebrities or self promotion. Not this one. I’m going to write a pure admiration piece. A “hats off” (see what I did there?

Startup 281
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You are watched more closely than you think.

Berkonomics

'Ever had a manager above you who said one thing and did another? At least once? Or in a pattern of repeats? Well, you’re not alone. Did you think less of that person for it? Would you follow that manager to the ends of the earth? Well, almost everyone has had multiple such experiences with a senior manager. And most people think less of that person than before.

Examples 150
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j2 Global Extends Offer For Carbonite, Again

socalTECH

'Los Angeles-based j2 Global said this morning that it has again extended its tender offer for all of the shares of Carbonite , until March 30th. j2 Global--which launched a hostile bid for Carbonite in December , said that so far, 5,602,174 shares of Carbonite''s shares have been tendered. j2 said it is awaiting a move from Carbonite''s board of directors, to avoid triggering a recently adopted preferred share rights agreement (aka "poison pill"), and is in discussions with Carbonite over invol

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Tarzan To The Beatles: 4 Of The All-Time Greatest Business Deals

InfoChachkie

'A version of this article previously appeared on Forbes. Some of the all-time greatest business deals involve entrepreneurs who viewed the scope of their negotiations in terms of decades, rather than years. Too often, entrepreneurs negotiate deals which consider a relatively short-term time horizon. This tendency is understandable, as most business negotiations address near-term objectives, such as driving incremental revenue or acquiring customers.

Miramar 183
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10 Keys To Evolution From A Startup To An Enterprise

Startup Professionals Musings

'Early-stage entrepreneurs rightly keep their focus on creating an innovative product or service. After celebrating success at that level, they often find themselves ill-prepared to move to the next stage, for scaling their business into a high-performing enterprise. That’s where I see too much entrepreneur burnout, growth plateaus, and founders being replaced, to their chagrin.

Startup 108
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What SAAS Companies Need to Know About Network Management?

Tech Zulu Event

'In a world that is becoming increasingly knowledge-based, products are becoming highly digitized. A recent study of IT professionals reported that over 30% of their workplace environment is virtualized. We’ve even created an acronym for these kinds of services: software as a service (SAAS). Usually, a company provides subscription based access to subscribers allowing these subscribers to use software in the cloud.

SaaS 58
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It’s Sofa King More Effective to Pick up the Phone

Both Sides of the Table

'*. Phone calls. Millennials are allergic to them. I have this conversation Sofa King often that I’m sure each reader who has met me will think I’m talking specifically about you. I’m not. Well, I am. But not only you. Email is efficient. You can crank out asynchronous thoughts, orders, questions, commands and comments. I email often.

Startup 263
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Demand Media Sells Pluck

socalTECH

'Los Angeles-based Demand Media has sold its social media software arm, Pluck , to New York-based Sprinklr , the companies said Thursday. Financial details of the sale were not announced. Pluck, which is based in Austin, was founded in 2003, and had been acquired by Demand Media in 2008 in a deal worth $56.3M. READ MORE>>.

Demand 135
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Nasty Gal Picks Up $12.7M

socalTECH

'Los Angeles-based online fashion retailer Nasty Gal has raised $12.7M, as part of an ongoing venture funding targeted at $16M, according to a regulatory filing by the firm this week. Source of the new funding was not announced. The new funding brings the company''s total raised to $61.7M. Nasty Gal has previously raised funds from Index Ventures. Nasty Gal founder Sophia Amoruso recently stepped down as CEO , and the company had some major layoffs last September.

Layoffs 125
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ArmorWay: Applying Computer Game Theory To Real Life Problems

socalTECH

'Despite the widespread impact of software today on our lives, there are a number of areas of computer science research which have had a difficult time in being translated into practical, every day usage. One of those areas is game theory--the use of computer simulations to predict the behavior of multiple people or entities, and how they will behave together, most famously depicted in that 1980''s movie, War Games.

Research 196
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INVST Targets Institutional Investments, Signs New Clients

socalTECH

'INVST , a Westlake Village-based startup which offers up an online platform to help alternative investment funds find accredited investors, has signed up three new clients for its service, the company said this week. The startup--founded and led by Alon Goren--said it has signed up Sperry Van Ness, DealPoint Merrill; Canyon Creek Capital; and Benhamou Global Ventures as clients of the company.

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Iteris Loses CEO

socalTECH

'Santa Ana-based Iteris , which provides traffic management technology, said its CEO and president, Abbas Mohaddes, has resigned. The company said Mohaddes resigned from both his position and the company''s board to "pursue other opportunities". The company has appointed Kevin Daly--who was on the company''s board--as interim CEO until the company finds a replacement.

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WD Rolls Out Network Attached Storage

socalTECH

'Irvine-based Western Digital said today that it has rolled out a new set of network attached storage devices, aimed at the creative professional and small business market. The company said it launched four new products in its My Cloud line including two- and four-bay network attached storage systems, with versions aimed at the prosumer market, and parallel models aimed at small business customers.

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TherMark Acquired By Ferro

socalTECH

'Irvine-based laser marketing technology developer TherMark Holdings has been acquired by Cleveland-based Ferro Corporation , in a deal worth $5.5M, the two said late Wednesday afternoon. TherMark develops laser marking technology used to permanently fuse marking materials to metals, ceramics, glass, and other surfaces. Ferro had been the supplier of those marking materials to TherMark.

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Meritage Pharma Acquired For $70M By Shire

socalTECH

'San Diego-based pharmaceuticals firm Meritage Pharma has been acquired by Shire plc , Shire announced this week in a deal worth $70M upfront plus unspecified earnout. Shire said the deal gives it the global rights to Meritage''s Oral Budesonide Suspension (OBS), which is being targeted at the treatment of eosinophilic esophagitis (EoE), a rare, chronic inflammatory gastrointestinal (GI) disease.

San Diego 125
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Brikk Blings Up The Apple Watch With Diamonds, Gold

socalTECH

'Need some serious bling on your new Apple Watch? Los Angeles-based design firm Brikk is bringing on some serious bling to the Apple Watch, saying this morning that it is launching 30 models of the Apple Watch availablegold, platinum, and studded with diamonds. The company said the models range from $7,495 to $69,995 for its versions of the Apple Watch, with its high end model, the Lux Watch Omni, wrapped with over 12 carats of diamonds.

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Luxe Valet Raises $20M

socalTECH

'Luxe Valet , the on-demand valet parking app provider which launched into LA in January , has reportedly raised $20M in a new financing. The funding came from Redpoint and Venrock, and also included the company''s prior investors, including Google Ventures, Sherpa Ventures, Lightspeed Venture Partners, Foundation Capital, and Data Collective, according to the report.

Redpoint 125
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Twenty20 Gets $20M For Crowdsourced Stock Photography

socalTECH

'Marina Del Rey-based Twenty20 is taking aim at the stock photography market, announcing this morning that it has raised $20M in a Series A funding and launched its commercial image catalog out of beta. The startup--led by Matt Munson--said the funding was led by Canaan Partners, and also included First Round Capital, Bullpen Capital, and VersionOne Ventures.

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3D Robotics Lands $50M For Drone Technology

socalTECH

'3D Robotics , the unmanned aerial vehicle maker behind the IRIS, X8, and many other drone vehicles, said Thursday that it has raised $50M in a Series C venture funding round. The funding was led by Qualcomm Ventures. The company--which has major operations in San Diego--said the deal comes along with a partnership with Qualcomm, where it will use Qualcomm''s Snapdragon processors in its design. 3D Robotics not only sells drone hardware, it also makes all of its technology available through open