Both Sides of the Table
AUGUST 29, 2016
GOAT just announced it raised $5 million in venture capital led by our friends at Matrix Partners. On the surface that sounds unremarkable — fundings happen daily. But this isn’t just any funding. GOAT (“Greatest of All Time) is a sneakerhead marketplace that is en fuego, but we led the company’s last financing round in 2012 (yes, four years ago) when they were an application for letting people join group dinners.
socalTECH
AUGUST 30, 2016
Santa Monica-based Washio , the venture-backed, on-demand laundry startup, has shut down, according to the company. The company said that it will be shutting down its operations, as of Aug 29., and returning orders to customers. The company did not say why it decided to shut down. Washio had raised around $21.86M in funding, from such investors as A Grade Investments, AME Cloud Ventures, Canaan Partners, Pejman Mar Ventures, Sherpa Ventures, Three Six Zero Group, plus Ashton Kutcher and a large
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L.A. Business Journal
AUGUST 19, 2016
Los Angeles County tech wages are growing faster than the earnings of tech employees in the nation’s other big cities, according to data from the U.S. Bureau of Labor Statistics compiled in a report by downtown real estate investment firm Jones Lang LaSalle Inc.
Berkonomics
AUGUST 25, 2016
How do you teach your work force that mistakes are OK as long as they learn and don’t repeat them? By being a visible example. A friend and fellow CEO states that he publishes each of his mistakes in his company internal blog along with the lesson he learned. “If the CEO can do this, he gives permission for anyone to confess as well,” he states. You may not know it but the National Transportation Safety Board has for years offered a reporting program for pilots, air controllers and others inv
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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.
InfoChachkie
AUGUST 25, 2016
A version of this article previously appeared in Forbes. Despite his non-existent education and numerous personal demons, James Brown was a gifted entrepreneur who reveled in proving Conventional Wisdom wrong. In the early 1960’s, it was generally believed that soul music needed to be watered down (think Motown) in order to crossover to white consumers.
SoCal Tech Calendar
AUGUST 25, 2016
Wednesday, August 31, 2016 -- The 7th Annual Women in Green Forum. The Women in Green Forum (WIGF) has emerged as the premier conference series highlighting womens impact on the environmental industry. The 7th Annual Women in Green Forum (WIGF) will convene leaders in the environmental movement, drawing an international audience of sustainability experts including academic researchers, CSR executives, energy analysts, and technology developers.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
AUGUST 31, 2016
Los Angeles-based Prime Focus Technologies , a developer of ERP software for the media industry, says it has received its first round of funding from private equity investor Ambit Pragma. Size of the investment was not announced. Prime Focus develops a cloud-based software product aimed at managing the supply chain for the media industry, and says its software is being used by such companies as 21st Century Fox-owned Star India, Novi Digital - Hotstar, Miramax, Disney, Warner Bros., Global Eagle
L.A. Business Journal
AUGUST 31, 2016
Point-of-sale system manufacturer Appetize of Santa Monica has signed a deal with venue management firm Legends to outfit the Los Angeles Rams’ temporary home, the Los Angeles Memorial Coliseum, with its devices.
Berkonomics
AUGUST 18, 2016
Over fifty years ago, I was CEO of a record manufacturing company in Hollywood. We were the only such facility on the West coast to provide and control the entire process from studio, through finished vinyl record pressings in the same building, therefore able to promise quality control others could only dream about. As founder and CEO of the then public company, I was expert in several of the “clean” processes such as studio recording, record mastering, cover design and photo– lithography.
InfoChachkie
AUGUST 22, 2016
A version of this article previously appeared in Forbes. L-to-R: John Greathouse, unknown woman about to slap John, Reed Shaffner, Jerry Jao & Ara Mahdessian. My venture firm, Rincon Venture Partners recently teamed with Jason Lemkin, Founder of SaaStr , to host the first SaaStrX event. I had the honor of moderating a panel of three SaaS CEOs who have collectively raised nearly $40 million of venture capital and are on their way to breakout success: Reed Shaffner of Workpop , Jerry Jao of Re
SoCal Tech Calendar
AUGUST 19, 2016
Thursday, August 25, 2016 -- EvoNexus MarketLink: Huawei. In 2015, Huawei ranked 228th on the Global Fortune 500 based on its revenue which grew by 35% reaching $60.8 billion USD. Huawei Executives are coming to Irvine on August 24-25th as part of the EvoNexus MarketLink Program. Selected companies will have the opportunity to discuss potential business opportunities with Huawei.
Tech.Co
AUGUST 22, 2016
While on the road to finding the global Startup Of The Year , we’re on a mission to feature and highlight as many rising stars as possible. From tech and hardware, to entrepreneurs improving the accessibility of health information, each month dozens of new startups try to breakout and create an impact in their industry. This week we spoke to Ursula Hessenflow CEO of myLAB Box , a company looking to improve how people test for STDs. myLAB Box From Los Angeles California. myLAB Box, an at-home STD
socalTECH
AUGUST 31, 2016
Santa Monica-based startup MindSpark announced on Tuesday that it is expanding its efforts to provide enterprise level, software testing, tapping into a workforce of employees who are specifically on the autism spectrum. According to MindSpark, it specifically hires analysis who have been diagnosed on the autism spectrum, saying those employees have better detail orientation, pattern recognition and sustained focus, which are particularly useful in the software testing area.
L.A. Business Journal
AUGUST 31, 2016
Flipagram Is Shopping Itself Around to Potential Buyers, Appetize signs deal to supply devices to Los Angeles Memorial Coliseum, CBS All Access Launches Ad-Free Option, and more.
Berkonomics
AUGUST 11, 2016
It happens all the time when you’re a CEO. Somebody important leaves or is let go, and you worry over the impact upon remaining employees and customers. You worry that the person leaving will begin to unload all the pent–up garbage from the past, perhaps damaging the company and causing customer defections and even employee unrest. Your worry is real.
InfoChachkie
AUGUST 8, 2016
A version of this article previously appeared in Forbes. Kate Hudson, Emma Roberts, Eva Longoria, Jessica Biel and Rihanna began wearing Z Supply's clothing before it could be purchased online. It may seem hard to believe, but even in 2016, there remain a number of successful consumer brands that are not sold online. The reasons companies elect to sell exclusively offline differ, but they often center on managing channel conflict with their retail partners.
SoCal Tech Calendar
AUGUST 19, 2016
Thursday, August 25, 2016 -- 13th Annual ERA Summer Social. The Electronic Representatives Association of So. Cal. are pleased to announce the 13th Annual Summer Social will be held on Thurs, Aug. 25th from 5 - 8 pm.
Xconomy
AUGUST 29, 2016
Scientists from Synthetic Genomics, the San Diego-based industrial biotech, have re-engineered a fast-growing microorganism found in salt marsh mud to maximize its production of proteins and to optimize other common bio-based processes. The enhanced version of Vibrio natriegens , a marine bacterium of a type known as Gram-negative, could potentially replace Escherichia coli as the workhorse host organism for the biotech industry, according to research published online today in Nature Methods.
socalTECH
AUGUST 31, 2016
Pasadena-based Jacobs Engineering Group said this morning that it has acquired the patent rights to a process for removing sulfuric acid from gases from Bayer AG. Financial terms of the technology buy were not announced. Jacobs Engineering said it acquired the BAYQUIK quasi-isothermal sulfuric acid converter technology and other related technology from Bayer AG, in a deal that includes all relevant Bayer technical, commercial and market information, plus transition services.
L.A. Business Journal
AUGUST 30, 2016
Washio folds operations following inability to find buyer, SpaceX to launch recycled rocket, Jessica Alba joins other celebrities on Apple’s new TV show, and more.
Startup Professionals Musings
AUGUST 13, 2016
Time is too precious to waste trying to close a deal with the wrong investors at the wrong time. Luckily, not all investors are looking for the same thing, so it pays to know what type of investors are most interested in what your startup brings to the table. The key is understanding how potential investors see you, and especially how they view the maturity stage of your startup.
LATechDigest
AUGUST 30, 2016
LA area developers and entrepreneurs — submissions are now open for the Apple-produced show PLANET OF THE APPS , featuring judges Will.i.am, Gary Vaynerchuk, Gwyneth Paltrow, and Jessica Alba. Lightspeed Venture Partners is partnering with Planet of the Apps by committing to invest a minimum of $10M into apps that are discovered on the show. Says Jeremy Liew of Lightspeed, “Planet of the Apps isn’t just a show, it’s a launch pad and accelerator for exceptional ideas.
SoCal Tech Calendar
AUGUST 18, 2016
Wednesday, August 24, 2016 -- EvoNexus MarketLink: Huawei. In 2015, Huawei ranked 228th on the Global Fortune 500 based on its revenue which grew by 35% reaching $60.8 billion USD. Huawei Executives are coming to Irvine on August 24-25th as part of the EvoNexus MarketLink Program. Selected companies will have the opportunity to discuss potential business opportunities with Huawei.
Xconomy
AUGUST 31, 2016
Roger Tsien, a UC San Diego scientist who shared the 2008 Nobel Prize in chemistry for research that led to the development of fluorescent proteins used to illuminate tissue and track biological processes, has died, according to a statement from the university. Tsien died on August 24 while bike-riding in Eugene, Oregon, a UCSD Health spokesman confirmed late Wednesday.
socalTECH
AUGUST 31, 2016
El Segundo-based fashion and e-commerce brand JustFab said this morning that it has made a major expansion of its collection, to provide fashions for every body type and extended sizes. According to the company, its new 'All Size' campaign will emphasize on-trend fashions for every body type, from XS to 3X & 24-34 with the additions of 16W- 24W.
L.A. Business Journal
AUGUST 29, 2016
Sneaker app GOAT raises $5 million, Engage: BDR Inc. to go on $100 million acquisition spree, Gatorade running in-app tennis game on Snapchat, and more.
Startup Professionals Musings
AUGUST 14, 2016
As a startup investor in this age of the entrepreneur, I see many more startups, but innovation is still hard to find. The most common proposals I hear are for yet another social networking site ( over 200 active ), or another dating site (over 2500 in the US alone). Startups which display real innovation, such as alternative energy sources and new medical treatments, are still rare.
LATechDigest
AUGUST 23, 2016
The LA Dodgers And R/GA Announce Second Sports Accelerator Program Companies. Focus is on Growth-Stage Companies and Strategic Business Development. The Los Angeles Dodgers and R/GA Ventures are pleased to announce the five companies chosen for the second LA Dodgers Sports Accelerator. The program launches today in R/GA’s LA office. The companies include new platforms for creating real-time data, video, and highlights for amateur and professional sports teams, community-based content creation to
SoCal Tech Calendar
AUGUST 18, 2016
Wednesday, August 24, 2016 -- Fireside Chat w/Dollar Shave Club CEO Michael Dubin. Join us for our next Startups Uncensored, a fireside chat with Michael Dubin, Founder/CEO of Dollar Shave Club. We'll be celebrating their $1B recent exit, and talking with Michael about his whole journey. See [link].
Xconomy
AUGUST 29, 2016
Women continue to be vastly under-represented in management and executive-level positions throughout the life science industry—an inequity that came into the spotlight earlier this year when a biotech consulting firm hired female models to improve the male-female ratio at its convention after-party. The catalyzing event sparked a much-needed debate into a serious challenge that has been my reality for decades: It is very difficult to find women executives in the biotechnology field.
socalTECH
AUGUST 30, 2016
The Tech Coast Angels , Southern California's biggest angel investment group, says its performance record and returns on its investments are higher than the average angel, in nearly all categories, based on a new academic study. According to the TCA, it had a 3.3x return on its investments, based on an analysis prepared by Dr. Rob Wiltbank and Professor Wade Brooks for Willamette University and the Angel Resource Institute (ARI).
L.A. Business Journal
AUGUST 19, 2016
Los Angeles County tech wages are growing faster than the earnings of tech employees in the nation’s other big cities, according to data from the U.S. Bureau of Labor Statistics compiled in a report by downtown real estate investment firm Jones Lang LaSalle Inc.
Startup Professionals Musings
AUGUST 24, 2016
I always tell entrepreneurs that two heads are better than one, so the first task in many startups is finding a co-founder or two. You need to find the skills or experience you don’t have in business, technology, or money. So the first question I usually get is what percent of the company or equity is that person worth? Giving a co-founder a salary won’t get you the “fire in the belly” you want.
AllTopStartups
AUGUST 16, 2016
Chicago startups are drawing praise for their innovation and success. Entrepreneur contributor Hank Ostholthoff calls Chicago the “new B2B boomtown,” while Inc. says the city is “one of the hottest tech startup… The post Economic Growth: The Rise of Chicago Startups appeared first on AllTopStartups.
SoCal Tech Calendar
AUGUST 18, 2016
Wednesday, August 24, 2016 -- 5G: WHAT IS IT AND WHY DO WE NEED IT?and#8203;and#8203;and#8203;and#8203;and#8203; Commnexus. Automobile business mogul Henry Ford is noted as saying, If I had asked people what they wanted, they would have said faster horses. The purest sense of original innovation is creating value before customers even see it, or understand it.
Xconomy
AUGUST 30, 2016
No matter how hard we try to unplug on vacation, most of us simply don’t—or can’t—disconnect. The availability of free Wi-Fi is sometimes too hard to resist. While we’re in a carefree state of mind, it’s especially easy to bend the rules. Even when using Wi-Fi at a familiar business, you could be putting your information at risk. Open Wi-Fi provides hackers with numerous ways to access your device, and you could be exposing everything from usernames, passwords, personal data, medical
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