January, 2019

Google partners with Sony Pictures Imageworks to launch an open source VFX render manager

TechCrunch LA

Google today announced that it has partnered with Sony Pictures Imageworks , Sony’s visual effects and animation studio, to launch OpenCue , an open source render manager.

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Dow Jones VentureSource: Southern California Gets $2.96 Billion In VC In Q4

socalTECH

Southern California raised $2.96 billion in venture capital in Q4 of 2018, according to data from Dow Jones VentureSource , released on Friday. According to the report, Los Angeles garnered the lion's share of the local funding, with $1.77 billion in deals, followed by $0.77 billion in San Diego and $0.42 billion in Orange County. The region had a total of 124 deals logged by Dow Jones VentureSource, split between 75 in Los Angeles, 29 in San Diego, and 20 in Orange County.

SpaceX Plans 10 Percent Workforce Reduction

L.A. Business Journal

Approximately 10 percent of Hawthorne-based Space Exploration Technologies Corp.’s s estimated 6,000 employees will be laid off

Make More, Work Less – Create A Veblen Brand

InfoChachkie

A version of this article previously appeared in Forbes. This Louis Vuitton / Supreme boxed logo t-shirt recently sold for $1,750. The shirt was produced by Supreme, which originally sold it for $485. You may think that this item is an anomaly, but it is not.

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Investors, your board, and you: Who controls strategy?

Berkonomics

You’re building a company from your vision and a passion, and lots of people are going to tell you that you have this or that wrong, and that it just won’t work. Business plans rarely survive market contact.

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The Average Startup Overnight Success Takes Six Years

Startup Professionals Musings

Every startup founder knows implicitly that startup success is a long hard road. Yet we always dream that we are the exception to the rule. So once in a while it’s good to look at some facts to temper our imagination.

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Reflections On 2018: Matt Stodder, Startup Boost LA

socalTECH

During the holiday season, our tradition over the last few years has been to post reflections on the past year and some predictions for 2019 from Southern California's technology industry. Here's the contribution by Matt Stodder of StartupBoost LA (our apologies to Matt for the late post, our fault, not his!). What was the biggest lesson you learned this year? My biggest takeaway this year was truly understanding the strength and cohesion of the Los Angeles startup community.

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Nfusz Inc. Enters Partnership With Instapage

L.A. Business Journal

Hollywood-headquartered sales intelligence software outfit Nfusz Inc. announced Jan. 11 it entered a strategic partnership with Instapage Inc., based in San Francisco, to bring Nfusz’s interactive video

SaaS Is Dead, Long Live Software

InfoChachkie

A version of this article previously appeared in Forbes. During the first half of the last century, numerous fortunes were made electrifying devices that were previously manual.

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Non-competes, gray areas, and salvaging a failed purchase

Berkonomics

Last week we introduced the subject of non-compete agreements. Let’s dive a little deeper and present some “gray area” scenarios to consider. Then we’ll address the success or failure of the buyer with your product… First the obvious case in point.

5 Keys To Starting A New Venture In Your Local Town

Startup Professionals Musings

Image via Wikipedia From the advice I hear these days, if you want to be a successful entrepreneur, you need to be in Silicon Valley, Boston, New York, or one of the few other financial hubs around the world.

Going long on LA, India, AI and tech infrastructure March Capital raises $300 million

TechCrunch LA

March Capital Partners , the Los Angeles-based venture capital firm, has raised $300 million for its latest fund.

Interview With Caradoc Ehrenhalt, EV Safe Charging

socalTECH

In a world where more and more drivers are moving to electric vehicles, where is EV charging today? To better understand exactly where EV technology is today, we caught up with Caradoc Ehrenhalt , the CEO and founder of a Los Angeles startup, EV Safe Charge (www.evsafecharge.com), to chat a bit about his view of where EV charging technology today. EV Safe Charge rents out EV chargers for events, in addition to having its own business installing charging stations. What is EV Safe?

Santa Monica E-sports Company Files $25 Million IPO

L.A. Business Journal

Super League Gaming Inc., a Santa Monica company that organizes amateur e-sports competitions, filed a $25 million initial public offering with the Securities and Exchange Commission Jan.

Merck And The Future of Immuno-Oncology: A Chat With Roger Perlmutter

Xconomy

Cancer immunotherapy is, in a word, tantalizing. It might save the life of someone at death’s door and keep the cancer at bay for years. Or it might not work at all. There’s no telling what a patient will experience.

Non-competes, gray areas, and salvaging a failed purchase

Berkonomics

Last week we introduced the subject of non-compete agreements. Let’s dive a little deeper and present some “gray area” scenarios to consider. Then we’ll address the success or failure of the buyer with your product… First the obvious case in point.

Baby Boomers May Be Your Biggest Startup Competitors

Startup Professionals Musings

Contrary to what you might guess, the highest rate of entrepreneurial growth over the last few years is not Gen-Y upstarts, but Boomers over the age of 50, now called encore entrepreneurs.

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More investors are betting on virtual influencers like Lil Miquela

TechCrunch LA

Brud , the company behind the virtual celebrity Lil Miquela , is now worth at least $125 million thanks to a new round of financing the company is currently closing.

Iteris Partners With Cisco On Traffic Cameras, Smart City Effort

socalTECH

Santa Ana-based Iteris , which develops data analytics software used for the transportation and agriculture industries, has entered into a strategic partnership with Cisco , the two announced this morning. The companies said that Iteris will promote Cisco's "Connected Roadway" products, aimed at the pedestrian safety and connected vehicle applications. Financial details of that strategic relationship were not announced.

Parsons Acquires Imaging, Mapping and Data Analytics Firm OGSystems

L.A. Business Journal

Pasadena-based engineering and security consulting firm Parsons Corp. announced Jan. 8 that it has acquired OGSystems, an imaging, mapping and data analytics company based in Chantilly, Va., for an undisclosed sum

New Year to Bring New Data Security Threats, Cyber Investor Warns

Xconomy

Bob Ackerman is one of the venture capitalists whose funding has long fed the growth of the burgeoning cybersecurity industry.

What about your previous company non-compete?

Berkonomics

Entrepreneurs tend to remain in the business niche they know best. Usually that means one they once or recently spent time in as an employee or manager within a company where they had little or no ownership. Are you one of those?

How To Take Your Business Idea From Dream To Reality

Startup Professionals Musings

Image via Pixabay In my role as a new business advisor and occasional investor, I hear lots of people talking about their dreams of “someday” starting and running a new venture.

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With its Greenlots acquisition, Shell is moving from gas stations to charging stations

TechCrunch LA

In a bid to show that it’s getting ready for the electrification of American roads, Royal Dutch Shell is buying Greenlots , a Los Angeles-based developer of electric vehicle charging and energy management technologies.

ObEN Technology Used In Chinese New Year's Broadcast

socalTECH

Pasadena-based ObEN , which develops technology to help people create a personal, AI-driven avatar which looks and sounds like you, reported a win in China, for a big New Year's broadcast for China Central Television (CCTV). According to ObEN, its technology was used to create "AI hosts" for CCTV's Network Spring Festival Gala, which aired on Monday. ObEN said its AI hosts performed alongside their human counterparts for the broadcast for Chinese New Year.

Westwood Satellite Data Storage Outfit Raises $100 Million

L.A. Business Journal

Cloud Constellation Corp., based in Westwood, finalized a $100 million Series B equity round Dec. 20, led by HCH Group Company Ltd., a subsidiary of Chinese consumer electronics conglomerate Haier Group

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LunaDNA Health Data Platform to Merge with Genetic Alliance Database

Xconomy

What about your previous company non-compete?

Berkonomics

Entrepreneurs tend to remain in the business niche they know best. Usually that means one they once or recently spent time in as an employee or manager within a company where they had little or no ownership. Are you one of those?

7 Success Principles To Drive Your Next New Venture

Startup Professionals Musings

Many aspiring entrepreneurs are looking to the Internet as an opportunity to get rich quick, instead of a place where you can start a business you love, for very little capital and minimal technical expertise.

FabFitFun raises $80 million for its growing lifestyle brand

TechCrunch LA

Nine years after launching its online magazine, and three years after diversifying into the subscription box business , FabFitFun has raised $80 million in a growth round of funding led by Kleiner Perkins with participation from its previous investors Upfront Ventures and NEA. .