January, 2017

Los Angeles tech companies take a victory lap with planned tech job fair

TechCrunch LA

2016 was a good year to be a tech startup in LA, and, with the $25 billion planned public offering for the city’s startup darling, Snap Inc., coming up, the future’s so bright entrepreneurs might want to wear… Spectacles.

MobileCause Raises $15M For Nonprofit Software


Los Angeles-based nonprofit fundraising and crowdfunding software platform developer MobileCause has raised $15M in a Series B funding, according to the company. The funding came from growth equity firm Level Equity. As part of the funding, Levil Equity's Sarah Sommer has joined the company's board. MobileCause said the new funding will go towards "aggressive" product innovation and expansion in the US and internationally. MobileCause is led by CEO Sean MacNeill. READ MORE>>.

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Stay Stoked: Business Travel Doesn’t Have To Suck


A version of this article previously appeared in Forbes. I made many mistakes when I was building my startups. Though the outcomes were financially lucrative, […]. The post Stay Stoked: Business Travel Doesn’t Have To Suck appeared first on John Greathouse. Iconic Advice

L.A. Cleantech Incubator Founding CEO to Step Down

L.A. Business Journal

Fred Walti, the founding chief executive of the Los Angeles Cleantech Incubator, is stepping down after six years at the helm, Los Mayor Eric Garcetti announced Thursday

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Famous Birthdays In Growth Mode


Los Angeles-based Famous Birthdays , which operates an online service which lets you look up the birthdays of famous people, says it has now passed 13 million unique visitors, based on numbers from December. The company also says it now has a staff of 20 full-time staffers working out of its Santa Monica office. The startup, which recently relaunched its website to add video on its many profiles, is led by Evan Britton. READ MORE>>.

Which School Generated The Most Startup/Tech Forbes 30 Under 30 Phenoms?


I was pleased and proud when I learned that two of my former UC Santa Barbara students, Sieva Kozinsky, Founder of StudySoup and Eric Posen, […]. The post Which School Generated The Most Startup/Tech Forbes 30 Under 30 Phenoms? appeared first on John Greathouse. Entrepreneur

Silicon Beach Report Jan. 11: SpaceX Explains Plans to Land Three Boosters at Once

L.A. Business Journal

SpaceX explains plans to land three boosters at once, inside LA 2024’s social media strategy for winning the Olympics, and Global Eagle fully rents out a satellite

Smart Voice Assistants Will Spread From Talking Devices To Apps in 2017


Millions of consumers who used to type their search questions on a laptop or the tiny keys of a smartphone are now simply telling a tabletop device what they want.

30 Under 30: Los Angeles

SoCal Tech Calendar

Tuesday, January 31, 2017 -- 30 Under 30: Los Angeles. Another year of Forbes 30 Under 30, and another group of awesome LA founders getting global attention. We're celebrating and highlighting some of the recent selections with an evening event at Cross Campus Santa Monica. We'll host a panel of recent 30 Under 30 winners who will share what it takes to rise above the noise, and offer tips for chasing this particular honor. Moderated by Katelyn O'Shaughnessy, Founder, TripScope.

Press release partnerships: Worth the effort?


Many of us make it a priority to find and partner with companies that can add to our offering or extend our reach. And we rightly celebrate each such pairing, often with a mutual press release. And sometimes that’s all we end up doing. Call it a “press release partnership.”

Evite Moves Headquarters To Downtown LA


Los Angeles-based online invitations service Evite says it has moved its headquarters to downtown Los Angeles, doubling the size of its corporate office. The company, which previously had its headquarters in West Hollywood, said the move goes to accomodate rapid growth at the company. Evite is part of Liberty Interactive. The company says it has moved to a new office in the 600 Wilshire building.

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Correlation Ventures Raises $200M In New Investment Fund


Correlation Ventures , a venture capital investment firm with offices in San Diego, Palo Alto, and New York City, said this week that it has raised $200M in a new investment fund. The company said the second fund was oversubscribed, and brings its total assets under management to $366M. Limited partners in the new fund included endowments, pensions, funds of funds and family offices, according to the firm. Correlation's co-founders and Managing Directors are David Coats and Trevor Kienzle.

Interview with Anna Barber, Techstars LA


Techstars (www.techstars.org) has a long history and record of success as a startup accelerator, with programs across the country and world--and recently opened up its third, Los Angeles program, Techstars LA. Techstars recently appointed Anna Barber as its Managing Director, so we thought we'd sit down and get to know Anna better. How did you get involved with Techstars?

SPACES Gest $6.5M For Virtual Reality Theme Park Efforts


Playa Vista-based SPACES , a developer of virtual reality technology aimed at the theme park industry, announced last week that it has raised $6.5M in additional seed funding. The funding was led by Chinese theme park operator Songcheng Performance Development, and also included Comcast Ventures, along with Boost VC, Colopl VR fund, GREE Inc., Kai Huang, The Venture Reality Fund, Youku Global Media Fund, and CRCM VC.

Report: Crosscut Ventures Launching Fourth Venture Investment Fund


Los Angeles-based venture capital investor Crosscut Ventures has reportedly started approaching limited partners (LPs) for investments in a new fund, its fourth. Crosscut's last fund, Crosscut Ventures 3, was worth $75M. The report, from the Pro Rata newsletter, said there's "a chance" that the new fund will be double in size of the last fund. Crosscut has not yet filed regulatory details on the new fund. Crosscut Ventures is managed by Rick Smith, Brian Garrett, Brett Brewer, and Clinton Foy.

Ixia Acquired By Keysight For $1.6 Billion


Calabasas-based network testing software and hardware developer Ixia has been acquired by Keysight Technologies , in a deal worth $1.6 billion in cash, the two announced this morning. Keysight and Ixia said that Keysight will pay $19.65 per share in cash for Ixia, a premium of approximately 45 percent to Ixia's stock price on December 1st, when Ixia said it was considering "strategic alternatives".

How Amavitae Wants To Help Youth Find A Career They'll Love


For today's youth, it's often hard to figure out what they want to do in life--according to Deborah Ramo , Founder and CEO of Los Angeles-based Amavitae (www.amavitae.com). To help fix that, the startup has created a mobile app to guide people through their strengths, interests, key skills, and more to guide them along the way to a career they'll love.

Report: Biotech VCs Perpetuate Boardroom Gender Gap


If power in the business world is centered in the boardroom, women in biotech have a long way to go to get their fair share—and the venture community deserves much of the blame.

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GumGum Names Sports Division Head


Santa Monica-based GumGum , which is developing computer vision software applied to online advertising and media, said today that it has named Ryan Mosher as its new Executive Director of GumGum Sports. GumGum Sports focuses on sports sponsorships with brands. Mosher will be based in Chicago. Mosher was most recently Senior Director of Marketing and Commercial Solutions at Nielsen Sports, and also served atIMG College, International Speedway Corporation, and Watkins Glen International.

Just Four Months After Series A, Delinia Sells to Celgene For $300M


It didn’t take long for startup Delinia to entice a big drug developer: Just over four months after emerging from stealth and raising a Series A round, the company, developing drugs for a range of autoimmune diseases, has been acquired by Celgene.

Biotech Roundup: JPM Deals, Gender Diversity, PCSK9 Battle & More


This past week, the biopharma industry made its annual January pilgrimage to San Francisco for the J.P. Morgan Healthcare Conference. 2016 was a whirlwind year in biotech, and the biopharma gods rewarded attendees with a multi-day monsoon to slog through to get from one meeting to the next. Earlier today, Alex Lash and I offered a few tidbits from our notebooks —more to come later. But here are many of the other headlines to emerge from J.P.

Cyber Attackers Targeted Our Trust, Not Just an Election


The cyber attacks on political organizations and election infrastructure added a level of intrigue to this year’s U.S. presidential election – culminating in the U.S. government officially blaming the Russian government for trying to influence the election.

SnapMD Adds $3.25M In Series A


Los Angeles-based SnapMD , which develops telemedicine software and technology, announced this morning that it has added $3.25M in a Series A financing extension. The company said the funding brings its total raised to $9.15M. The startup, led by President and CEO Dave Skibinski, said the new funds go to expand its sales and marketing efforts, and drive revenue through its channel partner programs.

Correlation Ventures Raises $200M, Maintains its “Moneyball” Strategy


Correlation Ventures, a co-investing venture firm that uses analytic software to optimize its decisions, said today it has raised $200 million for its oversubscribed second fund.

Startup Resolution 2017: Embrace Believers, Bounce Skeptics & Keep Moving


The holiday period is a great time for reflection and then behavior modification – often referred to as resolutions. While a bit artificial to the logical engineer, this opportunity can be helpful. This year, my favorite insight came from a former student and employee, Elliot Cohen, co-founder of PillPack.

Startup Aims AI System for Safety, with Potential for Self-Driving


Over the past 25 years or so, San Diego has become a hub for innovation in telematics, and in providing technologies and services that enable long-haul trucking companies and other fleet operators to monitor the location and operation of their vehicles. Qualcomm (NASDAQ: QCOM ) pioneered the use of satellite-based messaging and vehicle tracking technology in 1988 with its Omnitracs business (now an independent company based in Dallas, TX).

PvP Biologics Raises $35M in a Lab-to-Pharma Deal with Takeda


[ Corrected 1/5/17, 8:07 am to show company was spun out of UW two months ago. ] A San Diego-based startup spun out from the University of Washington just two months ago is today announcing a $35 million deal with Takeda, Japan’s biggest pharmaceutical.

J&J, NY State to Form Biotech Incubator in Big Apple’s Genome Center


New York State Governor Andrew Cuomo is planning to use some of the cash from his recently announced $650 million biotech initiative on Manhattan’s biggest life sciences problem—lack of lab space. Cuomo will put $17 million in state funding towards a new biotech startup incubator that will be situated in the New York Genome Center in Lower Manhattan. The incubator will take up the third floor of the NYGC—about 30,000 square feet of space in the SoHo neighborhood.