July, 2018

Silicon Beach Report July 13: Spotify Moves to L.A.

L.A. Business Journal

Spotify moves to L.A., Cylance offers commercial antivirus; Dollar Shave Club leaving traditional ads

Facebook Alternative MeWe Raises $5.2M

L.A. Business Journal

Sgrouples Inc.’s s MeWe, a Culver City social network startup that calls itself an alternative to Facebook Inc., announced July 5 it had raised $5.2 million in Series A fundraising

Illuminate Education Gets Backing From Insight Partners, Rolls Up Five Companies

socalTECH

Irvine-based Illuminate Education , a brand new startup backed by Insight Venture Partners, said today that it has merged five different companies-- Illuminate Education , IO Education , SchoolCity , Alpine Achievement , and Key Data Systems --to create a new company focused on data platforms, data, analytics, and formative assessments of K-12 students. Financial details of the five way merger were not announced.

j2 Global Buys Two More Companies, Line2 and Mosaik

socalTECH

Los Angeles-based j2 Global , which has made an art out of buying small companies and incorporating them into a large portfolio of acquired companies, has acquired two more companies, saying this morning that it completed two more acquisitions in Q2. j2 Global said it acquired certain assets of Line2, which will join its cloud services arm, and Mosaik Solutions, which will become part of its digital media operations. Financial details of the two acquisitions were not announced.

Why buy IT? Why buy MINE? Why buy NOW?

Berkonomics

What a powerful set of three questions. These are so succinct, so well defined, so precise that everyone in sales and everyone involved in marketing must be able to answer these three questions without pause, and convincingly.

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The brains behind one of marketing’s biggest hits are out to reshape the industry again… with direct mail

TechCrunch LA

Postie , a new Los Angeles-based startup, has a vision for the future of advertising and marketing — and it’s direct mail.

More Trending

Cesppa Closes $1.5 Million Seed Round

L.A. Business Journal

Cheviot Hills-headquartered anti-hacking startup Cesppa Inc. closed a $1.5 million seed round July 26, according to a Securities and Exchange Commission filing

ACG 101 Annual Summer Wine Social - August 1st

SoCal Tech Calendar

Wednesday, August 1, 2018 -- ACG 101's Women in Corporate Growth Social. Join ACG 101's Women in Corporate Growth committee for a private, champagne meet-and-greet with Lauren B founder and beauty industry expert, Lauren Berkovitz. Come to learn what Lauren is seeing in the world of high-end beauty products, and toast the new Women in Corporate Growth members! See [link] (more

ACG 100

SPACES' Shiraz Akmal On Making VR A Real Life Experience

socalTECH

How do you apply virtual reality (VR) technology, and turn it from just a nifty technology trick, to something which is truly a lifelike journey you can experience with friends? Santa Monica-based SPACES (www.spaces.com), led by CEO Shiraz Akmal and a team of entertainment veterans from Dreamworks Animation, is hoping to do that with a series of physical attractions, powered by VR technology.

IP 152

Faster is sometimes more valuable than better.

Berkonomics

And d oing both well usually wins the day. This is one of those arguable insights, where both sides win. Dell is a great example of emphasis upon fast, creating a customized computer in 48 hours or less, bringing in assemblies and components just-in-time to make the assembly line.

Google Cloud’s LA region goes online

TechCrunch LA

Google Cloud’s new region in Los Angeles is now online, the company announced today. This isn’t exactly a surprise, given that Google had previously announced a July launch for the region, but it’s a big step for Google, which now boasts five cloud regions in the United States.

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The Empathy Economy: Emotional Intelligence in Customer Service

Xconomy

The “empathy economy” will help define the new reality of human and machine interactions in the customer service industry. A takeoff on the sharing economy, the empathy economy will grow due to brand mania and increased automation in the workplace.

AeroVironment, JPL to Develop NASA Mars Drone

L.A. Business Journal

AeroVironment Inc. is developing a helicopter drone that will fly on Mars

ACG 101 Annual Summer Wine Social - August 1st

SoCal Tech Calendar

Wednesday, August 1, 2018 -- ACG 101 Summer Social at the Stonehaus. Join ACG 101 and ACG 101's Women in Corporate Growth the evening of August 1st at the beautiful Westlake Village Inn Stonehaus for our annual Summer Social. This always-popular gathering brings together ACG Members, Sponsors, friends - new and old - past program presenters and other special guests for an evening aimed at nothing but the enjoyment of one another's company!

ACG 100

Joybird Acquired By La-Z-Boy

socalTECH

Commerce, California-based Joybird , an online retailer and manufacturer of furniture, has been acquired by La-Z-Boy Incorporated , La-Z-Boy said on Monday. Financial terms of the deal were not announced. Joybird (Stitch Industries) was founded in 2014 by Alex Del Toro, Andres Hinostroza, Joshua Stellin and Christopher Stormer, and manufactures mid-century modern upholstered furniture, which it sells online through its own brand.

Are you the bottleneck in your organization?

Berkonomics

Close. At many board meetings, I can be counted upon to ask, “Where’s the bottleneck this month?” Senior management is usually prepared with an answer, and a good discussion of resource availability and application follows. Sometimes, the bottleneck is not so visible to the CEO.

Google builds its own subsea cable from the US to France

TechCrunch LA

Google, like all major internet companies, often participates in building new subsea cables because it wants to own the connectivity between its data centers around the world. Those cables are typically built and owned by a consortium of companies (and sometimes shared by competitors ).

If the Shoe Fits: Luxury Shoe Club Launches E-Consignment Store

Xconomy

One in five pairs of shoes sit unworn in the average woman’s closet. So, why not sell these unused, or slightly used, pairs to someone who will wear them?

LegalZoom Valued at $2 Billion Following Investment

L.A. Business Journal

Glendale online legal technology company LegalZoom.com Inc. announced June 30 it completed a $500 million financing round from four total investors, its second since the firm’s founding in 2001. With this investment, LegalZoom’s estimated value totals roughly $2 billion

TCVN Discussion: Should You Use a Finder to Help You Raise Capital?

SoCal Tech Calendar

Thursday, July 26, 2018 -- Should You Use a Finder to Help You Raise Capital? Tech Coast Venture Network. You've been banging your head against the wall for months - perhaps years - looking for capital, but you can't seem to be getting any traction. And whenever anyone expresses any interest in talking to you, you stumble your way through a very awkward discussion of terms for which you haven't the slightest idea about.

TCVN 100

Postie Raises $3.5M To Apply Machine Learning To Direct Mail

socalTECH

Los Angeles-based Postie , a new startup focused on using machine learning and "quant marketing" to direct mail, said on Tuesday that it has raised $3.5M in a seed funding. The funding was led by Bonfire Ventures and Crosscut Ventures. The startup was started by Dave Fink (CEO and co-founder of Postie) and Jonathan Neddenriep (CTO and co-founder), who both previously were at startup studio and incubator Science Inc.,

Are you thinking of the end game when managing your business?

Berkonomics

Ever think about growing your business with the plan to sell it someday, cashing in on your hard-earned work over the years? Or if you’re an employee with stock options, are you aware of the increases in value you can make with your efforts?

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Silicon Beach Report July 30: Two Bit Circus Acquires Arts District Warehouse for Game Space

L.A. Business Journal

Two-Bit Circus comes to town to open Arts District game space; Pepperdine teams up with 2U; SRAXmd sold

Sonos Files For IPO

socalTECH

Santa Barbara-based Sonos , which develops very easy to use, connected whole-home speaker systems, has filed for an IPO, saying in a filing on Friday that it is looking to raise up to $100M in an offering on the Nasdaq Global Select Market. The company has applied to list as SONO. The IPO is being underwritten by Morgan Stanley, Goldman Sachs & Co, Allen & Company, RBC Capital Markets, Jeffries, KKR, Raymond James, and Stifel.

Kumbaya Expands Board

socalTECH

Rancho Palos Verdes-based Kumbaya , which is developing a device to bring solar- and battery- powered Internet connectivity and content to third world communities, said today that it has added a United Airlines IT executive to its board. According to Kumbaya, Silvia Prickel has joined its Board of Directors. Prickel is currently Managing Director of Application Development for United Airlines, where Kumbaya said she has spent the past 12-years in the IT department.

HyreCar, DriveItAway Bring Car Sharing to Dealerships

L.A. Business Journal

Downtown-based car-sharing platform HyreCar Inc. announced July 17 that it will partner with DriveItAway.com Inc., a used vehicle auction platform based in Cambridge, Mass. The collaboration is designed to allow independent car dealerships in 34 states and Washington, D.C. to list their vehicles on the HyreCar platform

Silicon Beach Report July 16: Netflix Shares Plummet

L.A. Business Journal

Netflix subscribers up, stock prices down; Google gets is cloud online in L.A.; Musk tweet could bring libel charge

The Irvine Company Caught Up In Privacy Struggle Over License Plate Data, ICE

socalTECH

The Irvine Company , which operates a huge list of shopping centers in Orange County and elsewhere, including Fashion Island and the Irvine Spectrum, is in the midst of a flap over license plate data sharing. The real estate development firm was accused of sharing license plate scanning data with ICE , according to a report from the Electronic Frontier Foundation.

Silicon Beach Report July 10: Bird Scooters Banned in Milwaukee

L.A. Business Journal

Netflix spending billions on programming, Surf Airlines launches weekend getaways, Bird sued in Milwaukee

Crinetics Sets Estimated IPO Range

socalTECH

San Diego-based Crinetics Pharmaceuticals , a pharmaceuticals firm focused on the discovery, development and commercialization of novel therapeutics for rare endocrine diseases and endocrine-related tumors, has set its estimated IPO range, saying in a filing that it is looking to sell 5,000,000 shares of its stock at between $15.00 and $17.00 per share. Crinetics has applied to list on the Nasdaq Global Market as CRNX.