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

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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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.

The Contrarian Entrepreneur

SoCal Tech Calendar

Wednesday, February 6, 2019 --.

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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

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.

LunaDNA Health Data Platform to Merge with Genetic Alliance Database

Xconomy

Culver City Tech Happy Hour

SoCal Tech Calendar

Wednesday, February 6, 2019 -- Culver City Tech Happy Hour. See [link] (more

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.

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.

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.

America Should Welcome Immigrant Entrepreneurs

Xconomy

When I came to America in 1987, as a wide-eyed University of Texas grad student, I arrived with just a suitcase and a few hundred dollars — money that my mother, back in India, had scraped together by selling her beloved jewelry collection.

Founder Meet Funder

SoCal Tech Calendar

Wednesday, February 6, 2019 -- Founder Meet Funder (Invite Only). Founder Meet Funder focus on supporting entrepreneur growth by connecting them with mentors, influencers, and investors within the community. A special social sphere is created due to the culture and diversity of experience brought along the way to encourage everyone to help one other's business growth. See [link] (more

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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.

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?

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.

State of the City, Economic Sustainability Summit 2019: Shaping A Changing World | Santa Monica Chamber of Commerce

SoCal Tech Calendar

Wednesday, February 6, 2019 --.

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.

Kevin O'Connor, ScOp Venture Capital, On Startup Success and Investments

socalTECH

This morning's interview is with Kevin O'Connor , a longtime investor and serial entrepreneur, who is now running venture capital investment firm ScOp Venture Capital. Kevin sold his last company, Santa Barbara-based Graphiq, in July of 2017 to Amazon, but has a long history of successful companies, including founding DoubleClick. Congrats on the new name for your venture capital firm. Tell us a little bit about the firm?

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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?

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.

Digital Entertainment World 2019

SoCal Tech Calendar

Tuesday, February 5, 2019 -- Digital Entertainment World 2019. Described by Hollywood insiders, digital influencers and industry leaders throughout the world as a "must-attend" event, now in its 6th year Digital Entertainment World (DEW) is where you want to be if you are in the business of creating or monetizing digital entertainment content.

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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