Sat.Sep 15, 2018 - Fri.Sep 21, 2018

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VCs say Silicon Valley isn’t the gold mine it used to be

TechCrunch LA

In the days leading up to TechCrunch Disrupt SF 2018, The Economist published the cover story, ‘Why Startups Are Leaving Silicon Valley.’ The author outlined reasons why the Valley has “peaked.” Venture capital investors are deploying capital outside the Bay Area more than ever before. High-profile entrepreneurs and investors, Peter Thiel, for example , have left.

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Can you list ten buyers for your business?

Berkonomics

Most entrepreneurs and certainly all investors would like to see “a positive liquidity event” (a good sale of the business) someday. Boards of directors should be aware that one of their duties could be to evaluate offers from potential buyers, or even to initiate efforts to sell the business for the benefit of all stakeholders. So, that’s the reason for this insight.

Resource 120
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Miso Robotics' Robot Chef Continues Work at Dodger Stadium

L.A. Business Journal

A Pasadena robotics and artificial intelligence outfit that’s been using a robot to fry chicken tenders at Dodger Stadium just gave the bots an upgrade to include the frying skill.

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SnapMD Finds $7.1M More

socalTECH

Los Angeles-based SnapMD , which provides enterprise telehealth technology, announced this morning that it has raised $7.1M in a Series B funding. Names of the investors in the company were not announced, however, the company said that participating investors included its original investment syndicate. The company says it has now raised a total of $16.3M.

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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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San Antonio Makes Pact to Commercialize Military, Academic Research

Xconomy

San Antonio — Life science groups, city officials, and research institutes in San Antonio are organizing an effort to commercialize more scientific developments coming out of the city’s military organizations. The goal of the project is to develop an alliance between researchers at San Antonio’s numerous military medical units, the two University of Texas institutions in town, and public and private life sciences groups, where people are developing medical innovations that may have commer

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Where to watch tonight’s Emmy Awards online

TechCrunch LA

It’s the biggest night for television and streaming media services tonight as the stars are gathering to celebrate themselves at the 70th annual Emmy Awards. Tonight’s event at the Microsoft Theater in Los Angeles promises to be a big one for streaming media services like Netflix (with 122 nominations), Hulu (with 20 — thanks mainly to the amazing The Handmaid’s Tale), and Amazon (which nabbed 22 nominations, mainly on the strength of the marvelous The Marvelous Mrs.

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Drinks Picks Up $15M Funding Round

socalTECH

Los Angeles-based Drinks , which operates a number of subscription, direct-to-consumer wine delivery services, has raised $15M in a Series B funding round, according to the company. The funding was led by Beverly Pacific and also included Shea Ventures and others. The company was founded by Zac Brandenberg, and operates the Wine Insiders wine delivery club and the Martha Stewart Win Co.

Funding 150
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TCVN Fireside Chat w/Vijay Raman

SoCal Tech Calendar

Thursday, September 27, 2018 -- TCVN Fireside Chat w/Vijay Raman. Tech Coast Venture Network. Meet Vijay Raman, Managing Director and Founder of more than $1,300,000,000 in venture capital investment funds. Vijay is passionate in his support of startups and emerging industries. His global venture capital funds have been the financial engine behind a large number of global companies.

TCVN 100
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Mi Padrino Builds Event-Planning Hub for Latino Communities in U.S.

Xconomy

Kim Gamez, CEO and co-founder of the Ann Arbor, MI-based startup Mi Padrino , is a self-described “all-American Gringa ” who grew up in farm country. She fell in love with Hispanic culture as she got to know her husband Hugo, a native of San Luis Potosi, Mexico. One of her favorite traditions was that of the padrino , or patron. On her website, Gamez describes padrinos (and madrinas ) as “essential members of their Hispanic community who act as patrons or sponsors for family events.

Startup 108
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WaveOptics Expands into Los Angeles

L.A. Business Journal

United Kingdom-based augmented reality firm WaveOptics Ltd. announced Sept. 17 it will open its first United States operation headquarters in Los Angeles.

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Lyft Launches Scooter Rentals In Santa Monica

socalTECH

Lyft just launched its own on-demand, electric powered scooter program in Santa Monica on Tuesday morning, as the on-demand scooter business continues to heat up. The launch is only the second city for Lyft's service, which also is available in Denver, Colorado. Lyft has some stiff competition in Santa Monica--the home of Bird--which already has scooters from Bird and Lime.

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Innovations in Early Drug Development

SoCal Tech Calendar

Monday, September 24, 2018 -- Innovations in Early Drug Development. Ventura Biocenter. Presented by Zizi Imatorbhebhe, Senior Director, Strategic Development Early Product Development, Head Parexel RARE Disease Initiative. Email laura@amethystls.com.

Develop 100
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In Boston’s Shadow, Rhode Island Fights for Life Science Jobs, Respect

Xconomy

Tiny Rhode Island and its capital city Providence have always punched above their weight, for better or for worse. Better: Little Rhody’s founder Roger Williams, fleeing religious persecution in 17th-century puritanical Massachusetts, was one of America’s first abolitionists and created the concept of the separation of church and state. Worse: After World War II, one Providence neighborhood became the nerve center of New England organized crime and one of its mayors the ne plus ultra

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Silicon Beach Report Sept. 21: Not Impossible Labs, Avnet Team Up for Wearable Health Tech

L.A. Business Journal

Not Impossible Labs and Avnet developing wearable device to help people with motor-related health issues; Hulu redesigns for the computer screen and mouse; new CEO at X1 Discovery

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Port of Los Angeles Wins $41M For Hydrogen Fuel Cell Project

socalTECH

The Port of Los Angeles reported late Friday that it has received a preliminary award of $41M, from the California Air Resource Board (CARB), for a high tech hydrogen fuel cell freight project. According to the Port of Los Angeles--which has been working over the years to reduce a big issue with air pollution due to the port's extremely high volume of shipment of goods said the new project will include 10 zero-emissions heavy-duty hydrogen fuel-cell-electric trucks, two new heavy-duty hydrogen f

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7 Tips For Building The Right People Relationships

Startup Professionals Musings

In big business, as well as startups, I have found that your effectiveness can be highly correlated to your ability to build and maintain people relationships, often more so than hard work, or how many hours you give. But all relationships are not the same, and your ability to distinguish between positive and negative, or casual versus committed, can make or break your future.

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OCTANE 5th Annual High Tech Innovation Awards

SoCal Tech Calendar

Thursday, September 27, 2018 -- OCTANE 5th Annual High Tech Innovation Awards.

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Associated Press Collaborates With Super Hi-Fi to Produce Streaming Newscasts

L.A. Business Journal

Fans of the Associated Press’ daily global news headlines will soon have a new way to keep up with them, thanks to a partnership with Westwood-based audio artificial intelligence firm Super Hi-Fi announced Sept. 19.

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Not Impossible Labs Links With Avnet

socalTECH

Los Angeles-based R&D lab and "content studio" Not Impossible Labs said this week that it has linked with technology distributor Avnet. Not Impossible--which says it is focused on creating "technology for the sake of humanity"--will tap into Avnet's product development expertise and resources. Financial details of the partnership were not. The two said the first effort in a multi-year agreement will focus on "VibroHealth", a wearable technology which uses vibration to help improve the qualit

Resource 133
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Equity Investment Platform Preparation Best Practices

Startup Professionals Musings

If you are one of the thousands of entrepreneurs who need equity funding to get your startup going (no loans to repay), you are probably overwhelmed at the prospect of finding, contacting and pitching to the huge number of qualified angels and investment groups around the country. I recommend an easier way – using an investment platform like Gust, EquityNet or SeedInvest.

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Equillium Plans IPO to Fund Clinical Trials for Transplant Drug

Xconomy

Equillium, a biotech startup developing treatments for immune system disorders—including an immune response that affects some transplant recipients—is preparing for an IPO to finance tests of its lead drug. The company set a preliminary IPO target of $86 million, according to documents filed this week with securities regulators, and has applied to be listed on the Nasdaq exchange under the stock symbol “EQ.

Funding 79
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Silicon Beach Report Sept. 20: Miso’s Fried Chicken Robot to Remain at Dodger Stadium

L.A. Business Journal

“Flippy” the robot will work at Dodger Stadium through end of season; Ring previews new hardware; WME invests in Panopoly Media

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uBeam CEO Steps Aside As Firm Pivots Towards Technology Licensing

socalTECH

Meredith Perry , the CEO of Los Angeles-based uBeam , has stepped down from her post, and will shift to become a senior advisor and board member of the company, according to Mark Suster of Upfront Ventures, one of the company's backers. uBeam, which had been working on technology to wirelessly charge phones using sound waves, also is pivoting into the B2B market, and intends to license its technology to others rather than build its own products.

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6 Value Propositions That Resonate With All Investors

Startup Professionals Musings

Young entrepreneurs often are so excited by new technology or their latest invention that they forget to translate it into a value proposition that their customers or potential investors can understand and relate to. They become frustrated with investors, senior executives, and even customers who don’t seem to “get it,” with the result that everyone loses.

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Viking Liver Drug Shows Promise for NASH, Shares Soar on Study Data

Xconomy

[ Updated, 2:45 pm ET, see below ] There is another update today in the competitive race to treat nonalcoholic steatohepatitis (NASH), an increasingly common liver disease with no FDA-approved therapies. Viking Therapeutics released preliminary results from a Phase 2 study suggesting its experimental drug might impact some of the disease’s many dangerous effects on the liver.

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Data Center Equipment Maker CPI Received Innovation Awards

L.A. Business Journal

Chatsworth Products Inc., based in Westlake Village, announced Sept. 17 it received three innovation awards from the annual Cabling Installation and Maintenance Innovators Awards.

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Applied Information Expands In LA

socalTECH

Applied Information, Inc. , a developer of "intelligent" transportation systems and Internet-of-Things mobility technology, says it has named a new VP for the company in Los Angeles, to head up business development in the western states. According to Applied Information, it named Alan Clelland as Vice President, West, to manage the company's business development efforts in the western United States.

Pomona 133
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6 Market Research Sources That Fit A Limited Budget

Startup Professionals Musings

Many entrepreneurs are so enamored with their product vision that they believe their own hype, and are convinced that the market for their solution is so huge that no one will ask them for independent market research data. They don’t realize that business projections with no third-party validation have no credibility with investors, and smart potential investors will walk away.

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15 San Diego Companies Chosen for Defense Innovation Program

Xconomy

A federally funded pilot program will provide 15 local defense contractors with free consulting services and six monthly “boot camp” workshops as part of a regionwide effort to help such companies better prepare to navigate changes in federal defense funding. Technology developed in San Diego for defense purposes has helped to seed the region’s private sector with employees who have skills in fields like cybersecurity, engineering, and biotechnology, as well as spur commercial innovation, accord

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Silicon Beach Report Sept. 18: Elon Musk’s Lunar Pick

L.A. Business Journal

SpaceX moon orbit passenger announced; Lyft, Bird scooters go live in Santa Monica’s pilot program; Snapchat to publish CBC news content

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OpenX Expands Video Exchange To Japan, APAC

socalTECH

Pasadena-based advertising technology provider and ad exchange operator OpenX said last night that it has made an expansion to Japan and the Asia Pacific market, launching a new, programmatic video exchange to the region. According to OpenX, publishers and marketers in Japan and the APAC can now access its video inventory through its OpenX Exchange.

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7 Keys To Selecting A Startup Idea That Works For You

Startup Professionals Musings

A common request I hear from aspiring entrepreneurs is for an assessment of their latest idea. I don’t even try to assess things at the idea level, since I can’t read minds. I can assess execution plans, if you have any. Yet I believe that business success is more a function of the person than the idea or the plan, so the best idea is one that is a best fit for you, and only you can assess that.

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TechDay Los Angeles - Home

SoCal Tech Calendar

Thursday, September 27, 2018 --.

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Silicon Beach Report Sept. 19: Riot Games Inks Mastercard Deal

L.A. Business Journal

Mastercard to sponsor “League of Legends;” Newegg customer information hacked; March Capital Partners raises $13.

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March Capital Leads $13.6M Round In ioTium

socalTECH

Los Angeles-based venture capital investor March Capital is the lead investor in a Series B funding round for software-defined, converged infrastructure startup ioTium. ioTium announced this morning that it has raised $13.6M in a Series B funding, which it says was led by March Capital Partners, and also included Honeywell Ventures, John Chambers' JC2 Ventures and Hanna Ventures plus GE Ventures and Juniper Ventures. ioTium is developing "software-defined converged infrastructure" products for t

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Bio Roundup: Little Rhody, More for Migraine, Opioid Bills & More

Xconomy

The U.S. Senate had a rare moment of agreement, overwhelmingly passing a package of opioid-related bills. Up the East Coast, life-science players in Rhode Island are working to bring different local factions together and boost the state’s economy. Across the country, a similar effort is underway in Los Angeles. There were also plenty of headlines stemming from bad behavior, alleged or otherwise, inside Big Pharma, and the usual collection of deals, data, regulatory decisions, and fundraisi