January, 2018

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L.A. Among the Finalists for Amazon’s 2nd Headquarters

L.A. Business Journal

Los Angeles was named by Amazon as one of the 20 finalist cities for the Seattle e-commerce giant’s second headquarters.

Commerce 308
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Inside Joymode, a subscription service saving you from buying all of the things

TechCrunch LA

What began as a movement among couture culturati with the success of Rent the Runway has moved into everything from cars (Porsche's got a subscription service ) to construction equipment and furniture. Well, the Los Angeles-based startup Joymode has just raised $14 million to be the subscription service for nearly everything else. .

Services 274
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Accounting: What kind of bean counter do you need?

Berkonomics

Close. Accountants are trained, certified and usually quite experienced in financial analysis, both creating and reviewing data. Bookkeepers are often trained on the job although sometimes more formally and handle the physical work of accounting for the transactions. To expect a bookkeeper to provide analytical planning is to ask for something they often cannot provide, except in a cursory way.

Metrics 243
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Google Releases High Resolution Montecito Disaster Satellite Map

socalTECH

Google and its navigation app subsidiary, Waze , have just released incredibly detailed satellite maps of the disaster zone around Montecito, California, as part of efforts of Google's "Crisis Response" team. The maps allow residents and others of the city--a big chunk of which is still evacuated due to lack of access, water, food, electricity, natural gas and other utilities, plus ongoing recovery operations--to get a very close look at the damage across the city from the debris flows which hit

Google 212
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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.

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Tech.Co Has Been Acquired by Global Digital Media Business

Tech.Co

Today, I’m excited to announce that Tech.Co has been acquired by MVF , an international publishing and tech company. MVF was founded in the UK by five friends in 2009, and has driven incredibly fast growth over the past 9 years. They opened an office in Austin, Texas and have expanded their workforce to over 400 staffers. Most importantly, we like them.

Media 175
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Parenting An Entrepreneur – This Folktale Will Teach Your Children To Create Something From Nothing

InfoChachkie

A version of this article previously appeared Forbes. Marcia Brown’s 1947 retelling of the classic French folktale Stone Soup is a de facto playbook for how to start a venture. In Ms. Brown’s version of this oft-told tale, three soldiers enter a small town during a time of war. Initially, all of the villagers flee to their modest homes and shun the soldiers’ request for food and lodging.

More Trending

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Bonfire Ventures closes $60 million to invest in SoCal B2B startups

TechCrunch LA

Los Angeles is becoming one of the more interesting destinations for startups and the investors that provide money for venture capital firms to place bets on young companies are increasingly starting to take notice. New funds are launching in Los Angeles at a pretty feverish clip, and the latest to plant its flag in the […].

SoCal 271
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Can your lawyer destroy a good business deal?

Berkonomics

Over the years in business and as a member of over forty boards, I have received good advice from corporate attorneys and on occasion bad advice as well. There is a line that should be drawn in a relationship between corporate attorney and CEO or board. Attorneys are paid to protect the corporation, not to give business advice. Some are experienced enough to provide great business advice.

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AeroVironment, SoftBank In $65M JV To Develop Unmanned Aircraft

socalTECH

Monrovia, California-based AeroVironment said on Wednesday that it is in a joint venture to develop a solar powered, high-altitude, long-endurance unmanned aircraft system, potentially worth up to $65,011,081. The joint venture is with HAPSMobile , which is 95 percent owned by Japanese technology giant SoftBank Corp. According to AeroVironment, the unmanned aircraft would be aimed at developing a high-altitude long-endurance, or HALE, UAS for commercial operations.

Develop 185
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Luna DNA Uses Blockchain to Share Genomic Data as a “Public Benefit”

Xconomy

A San Diego startup says it has adapted the blockchain technology that underpins digital currencies like Bitcoin for use as a distributed database for genomic information. Luna DNA’s efforts mark one of the early attempts to apply blockchain technology in healthcare, as advocates of the much-hyped technology try to make use of it in sectors other than cryptocurrencies.

San Diego 110
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How Early-Stage Startups Can Prepare for Their Big Break

Tech.Co

Whether you’re an athlete or early-stage startup founder, getting your big break is a dream for any rookie. But getting noticed by the right people is the just the beginning when it comes to launching your business. And we know just the place. One of the best places for startups to expand their playbook is to participate in CES 2018 Eureka Park. This is the startup epicenter of CES 2018, where over 900 startups from around the world showcase their latest innovation to over 170,000 people includi

Startup 87
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Kunlun Group Limited Completes Acquisition of Grindr

L.A. Business Journal

Hong Kong-based mobile gaming company Kunlun Group Limited has closed on its purchase of the remaining stake of Grindr LLC, a gay men’s dating app located in West Hollywood’s Pacific Design Center, the companies announced Monday.

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Bonfire Ventures closes $60 million to invest in SoCal B2B startups

TechCrunch LA

Los Angeles is becoming one of the more interesting destinations for startups and the investors that provide money for venture capital firms to place bets on young companies are increasingly starting to take notice. New funds are launching in Los Angeles at a pretty feverish clip, and the latest to plant its flag in the city is Bonfire Ventures, which just closed a $60 million vehicle for… Read More.

SoCal 217
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What’s a company board good for, anyway?

Berkonomics

Some of you have gotten along forever without a board of directors, or used your spouse as the “other” board member from the start. But there are some very good reasons to build a great board composed of some outside members. And good board members can add real value to you and the company. In other posts, we cover legal responsibilities of a board, how to pay board members, the limits of their responsibilities, dealing with under-performing or “noisy” board members, and more.

Company 243
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Solekai Systems Merges With Fairway Technologies

socalTECH

Two, San Diego-based software development and integration companies-- Solekai Systems and Fairway Technologies --said this morning that they have merged into a new company. Financial details of the merger were not announced. According to both companies, they will continue to operate under their respective names. The combined company now has over 80 engineers.

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Your Smart City Is Stupid

Xconomy

Cities have been called a repository of possibilities. What they haven’t been called, at least until recently, is smart. These days, however, the term “smart city” is everywhere, pimped by tech giants like IBM, Google, and Cisco, and embraced by various mayors, city managers, and chief innovation officers from Silicon Valley to Rio to Dubai.

IBM 103
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AVIXA’s Heidi A. Voorhees on Thinking Differently

Startup Professionals Musings

Heidi A. Voorhees, CAE. EDUCATION Bachelor of arts, majoring in commercial recreation/business, Central Michigan University; master of business administration, Northwestern University’s Kellogg School of Management. MY FIRST INDUSTRY JOB Straight out of college — convention assistant, SmithBucklin. MY PREVIOUS THREE JOBS Vice president of strategic initiatives, Institute of Food Technologists; senior vice president of housing, Experient; and two short stints at tech startups (BOB.tv and Eved).

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Dog-Walking App Wag Lands $300M from SoftBank, New CEO

L.A. Business Journal

On-demand dog-walking app Wag landed a $300 million commitment from the SoftBank Vision Fund and announced former LifeLock executive Hilary Schneider as the company’s new chief executive.

Demand 150
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Inside Joymode: a subscription service saving you from buying all of the things

TechCrunch LA

What began as a movement among couture culturati with the success of Rent the Runway has moved into everything from cars (Porsche’s got a subscription service ) to construction equipment and furniture. Well, the Los Angeles-based startup Joymode has just raised $14 million to be the subscription service for nearly everything else. Read More.

Services 192
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What if you come across juicy competitor information?

Berkonomics

Close. Many of us belong to industry associations and find ourselves at conferences and trade shows with time to spend with competitors. Some of these are old friends; some even former associates. It is natural to want to associate with these people for many reasons, certainly socially. Most CEOs want to obtain information about their competitors in the most subtle and non-obvious ways.

Guide 243
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Hulu Goes Green, Moves Data Centers To 100 Percent Renewable Energy

socalTECH

Los Angeles-based streaming television service Hulu , in a major move to reduce its impact on the environment, has moved its data centers to a 100 percent, renewable energy data facility in Las Vegas. Hulu said it is partnering with data center provider Switch, which is one of the largest renewable energy-powered data center providers in the industry.

Hulu 178
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Democratization of Automation: The Next Generation of Industrial Robotics

Xconomy

In the coming years, artificial intelligence will have many transformative impacts, but the one perhaps most resembling science fiction will be the rise of autonomous physical systems: real-world systems that can make decisions for themselves. Of these autonomous systems, self-driving cars have captured the most attention. But the field of manufacturing, which represents one-sixth of the global economy, stands to be impacted as much by A.I.

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6 Hurdles For Going Public Through A Reverse Merger

Startup Professionals Musings

With the current strong economy, as an active startup mentor, I’m seeing a new surge of entrepreneurs and startups, with the commensurate scramble for funding. There just aren’t enough angel investors and VCs to go around. Thus I’m getting more questions on new mechanisms, like crowd funding, or going public through the side door as a reverse merger.

Summary 79
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TT Games Opens UK Studio for Lego Mobile Video Games

L.A. Business Journal

TT Games, makers of the Lego video game franchise published by Warner Brothers Interactive Entertainment in Burbank, has announced the opening of TT Games Brighton, a new UK-based development studio focused on creating new Lego games designed for mobile platforms.

Mobile 138
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3 Secrets of Wildly Successful Mentors

Inverted Software

Listen to Inverted Software’s CEO talk about success, mentorship and the tipping point of your business in this interview with Stephen Woessner. Onward Nation with Stephen Woessner is America’s best podcast for learning how today’s top business owners Think, Act, & Achieve.

Mentor 51
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Mattel, NetEase In Mobile Games Joint Venture

socalTECH

El Segundo-based Mattel , and Chinese Internet technology and video game developer NetEase , said this morning that the two are in a new joint venture to public mobile games and education apps. According to the two, they will create a new mobile game publishing and development studio called Mattel163 , which will specifically bring new mobile games and education apps to market, inspired by Mattel's large collection of brands.

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Mammoth Media Finds $13M For Mobile Entertainment

socalTECH

Los Angeles-based Mammoth Media , a startup that says it is developing mobile-first media, has raised $13M in a Series A funding round, the company disclosed on Tuesday. The company, co-founded by CEO Benoit Vatere, and incubated at venture studio Science Inc., said the funding was led by Greylock Partners and also included Science Inc. Greylock's Josh Elman joins the company's board as part of the funding.

Mobile 173
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Alliance for Southern California Innovation Names Andy Wilson As Director

socalTECH

The Alliance for Southern California Innovation , the nonprofit founed by Steve Poizner to help bolster Southern California's entrepreneurial ecosystem, said on Tuesday that it has named Andy Wilson as its first Executive Director. Wilson is a longtime Southern California technology veteran, having served as an executive at such companies as Overture Services, Yahoo!

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PacketFabric Picks Up $25M For Terabit Scale Network

socalTECH

Culver City-based PacketFabric , a startup working on connecting major, carrier-neutral colocation facilities with terabit-scale network technology, has raised $25M in a Series B funding, according to the company. The funding came from NantCapital, the venture investment arm of billionaire Dr. Patrick Soon-Shiong and his NantWorks effort. According to PacketFabric, it now has a presence at more than 150 Points of Presence (PoPs) in 17 metro markets.

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LogMeIn Employees Pitch In To Help First Responders In Montecito

socalTECH

Goleta-based employees for LogMeIn have pitched in to help in the aftermath of the massive disaster in Montecito, and spent all Saturday cleaning off mud from Santa Barbara County Sheriff's Search and Rescue response vehicles, equipment and even the station itself, according to the Sheriff's Office. The Sheriff's Office tweeted out a picture of the LogMeIn employees over the weekend.

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TeleSign Enhances Fraud Risk Scoring Tools

socalTECH

Los Angeles-based TeleSign , which provides both two-factor authentication and fraud risk scoring tools, said on Tuesday that it has enhanced its Telesign Score fraud intelligence product. According to TeleSign, it added the integration of the BICS' Telecom Fraud Data Consortium platform into its data, which will help it better predict, detect, and block fraud.

Tool 160
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SpaceX Test Fires Falcon Heavy

socalTECH

Hawthorne-based SpaceX test fired the Falcon Heavy in Florida on Wednesday, in another step forward towards an actual flight of its new design. SpaceX posted a video of the static fire test, which lasted 22 seconds. The yet-to-launch Falcon Heavy uses 27 Merlin engines, and if successful will be the largest rocket since the Jupiter V was used in the U.S. moon missions in the 1960's.

SpaceX 159
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New Year, New Influence: An Easy Way to Show Up Stronger

socalTECH

“Brad” was a solid manager with stagnated results. He was great at constructive feedback and holding his team accountable, but recognition did not come naturally to him. “Why should I say thank you to someone for just doing their job?” He was frustrated […].

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Bonfire Ventures Launches $60M Venture Capital Fund

socalTECH

Los Angeles-based Bonfire Ventures said this morning that it has officially launched with its first fund, a new $60M fund aimed at early stage startups. The fund was founded by longtime Southern California technology investors Jim Andelman and Mark Mullen, who are joined by Leah Volger, formerly of Google and Santander InnoVentures. Accoding to Bonfire, it invests in early stage startups with a software-based product and a business buyer, and will make seed state investments with a typical initi

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One Identity Acquires Balabit

socalTECH

Aliso Viejo-based One Identity , a developer of identity and access management software, has acquired Budapest, Hungary-based Balabit Corp. , a developer of privileged access management (PAM), privileged account analytics and log management software. Financial details of the acquisition were not announced. One Identity says it has already been using Balabit's technology in its One Identity Safeguard solution.

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IPMW Presentations

socalTECH

EVM World is coming up in May of 2018. This is one of two conferences held during the year focused on Integrated Program Performance Management. Here are the presentations from last years November Conference. What are the Five Immutable Principles of Project Success? What is the definition of Done? The Integrated Master Plan tells us this in units of Effectiveness and Performance.