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.

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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

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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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.

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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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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More Trending

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?

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

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.

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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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.

WhiteFox Defense: Solving The Drone Incursion Problem, with Luke Fox

socalTECH

For all of the positive uses of drone aircraft, there are many negatives, including issues around privacy, safety, and particularly, securityas demonstrated by the recent drone incursions at such airports like Gatwick, Heathrow, and Newark. Those airport drone incursions shut down Gatwick over the course of three days, which caused major delays at Heathrow and Newark.

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.

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.

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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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.

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.

OpenX Snags New CFO From Fandango

socalTECH

Los Angeles-based OpenX said on Tuesday that it has named a new CFO. According to OpenX, Rob Leff, formerly the CFO of Fandango, will join the company to lead its global finance team. Leff has been at Fandango for more than a decade, according to OpenX, overseeing all aspects of financial strategy including mergers & acquisitions, predictive analytics, data science and more at Fandango.

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

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?

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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LunaDNA Health Data Platform to Merge with Genetic Alliance Database

Xconomy

LunaDNA, a startup that is offering individuals company stock in exchange for personal genomic and health information in a bid to build a database that could help advance scientific research, is merging its research platform with the Genetic Alliance’s Platform for Engaging Everyone Responsibly (PEER).

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.

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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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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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.

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.

Dreaming of Mars, the startup Relativity Space gets its first launch site on Earth

TechCrunch LA

3D-printing the first rocket on Mars. That’s the goal Tim Ellis and Jordan Noone set for themselves when they founded Los Angeles-based Relativity Space in 2015.

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IDrive Takes On Remote Help Desk Services

socalTECH

Los Angeles-based IDrive Online Backup , which provides cloud backup and storage services, has launched a new, remote help desk service, which it is offering up to MSPs and IT specialists. According to IDrive its new remote access solution, RemotePC HelpDesk, provides on-demate remote support, letting IT administrators manage and monitor all service requests and manage their technicians from a single dashboard. According to IDrive, the cost of the new product starts at $49.50

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Silicon Beach Report Jan. 3: $100 Million for SpaceBelt Data Storage

L.A. Business Journal

AT&T earthquake app available for download; LA Times malware ID’d; Westwood data storage firm raises $100 million

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What would you do if told to “fail fast?”

Berkonomics

Here’s a question that should strike close to home. Professional investors like to quote this mantra to anyone who will listen. Fail fast,” they say. But what if you believe so strongly in your budding enterprise that this seems to be the most ill-advised directive you’ve ever heard?

5 Phases of Leadership Growth Lead To Company Success

Startup Professionals Musings

Most of you aspiring entrepreneurs have no idea how dramatically your own role has to evolve as you develop a solution, start a business, and expect it to scale into a successful self-managed company.

Neurocrine Pays $165M to Bankroll Voyager’s Gene Therapy for Parkinson’s

Xconomy

The road to potential approval for Voyager Therapeutics’ experimental gene therapy for Parkinson’s disease got a bit longer, and more expensive, last year.

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. .