Sat.Dec 29, 2018 - Fri.Jan 04, 2019

Missed Expectations and The Eighty Percent Acquisition Rule

Berkonomics

Eighty percent of all businesses purchased by another company or by a new investor-operator fail to meet the stated expectations of the buyer after one year.

City of Los Angeles Sues The Weather Channel Over Collecting User Data

socalTECH

Los Angeles City Attorney Mike Feuer has sued The Weather Channel , saying in a lawsuit that the company's mobile app, the Weather Channel App, is fraudulently and deceptively collecting user geolocation data, and selling that to third parties. The lawsuit was filed in the Los Angeles Superior Court. According to the lawsuit, the company's app is not using its users geolocation data for personalized local weather data, but instead collecting and selling that information to third parties.

In a Huge Biopharma Shakeup, Bristol-Myers to Buy Celgene For $74B

Xconomy

Bristol-Myers Squibb has agreed to acquire Celgene in a deal that would create one of the largest biopharma organizations in the world and send ripples throughout the life sciences sector.

Westwood Satellite Data Storage Outfit Raises $100 Million

L.A. Business Journal

Cloud Constellation Corp., based in Westwood, finalized a $100 million Series B equity round Dec. 20, led by HCH Group Company Ltd., a subsidiary of Chinese consumer electronics conglomerate Haier Group

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Missed Expectations and The Eighty Percent Acquisition Rule

Berkonomics

Eighty percent of all businesses purchased by another company or by a new investor-operator fail to meet the stated expectations of the buyer after one year.

Reflections on 2018: Mike Panesis, Center for Entrepreneurship at CLU

socalTECH

Editor's note: As we head into the new year, we've been featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. You'll be able to browse all of those contributions here. Here's Mike Panesis , Executive Director of the Center for Entrepreneurship at California Lutheran University (CLU). What was the biggest lesson you learned this year? It's difficult to choose one. I regularly learn something new from our students.

More Trending

Silicon Beach Report Jan. 3: $100 Million for SpaceBelt Data Storage

L.A. Business Journal

AT&T earthquake app available for download; LA Times malware ID’d; Westwood data storage firm raises $100 million

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Silicon Beach Networking Happy Hour in Santa Monica (Open Bar + Presentations)

SoCal Tech Calendar

Thursday, January 10, 2019 -- Silicon Beach Networking Happy Hour in Santa Monica. Come by and enjoy free drinks, presentations, and networking with some of LA's top professionals in startups, tech, online marketing, e-commerce, real estate, finance, blockchain, influencers, and more. See [link] (more

Reflections on 2018: Alon Goren, 805 Startups and Crypto Invest Summit

socalTECH

Editor's note: As we head into the new year, we've been featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. You'll be able to browse all of those contributions here. Here's Alon Goren , founder of 805 Startups and the Crypto Invest Summit. What was the biggest lesson you learned this year? Stick to what you love and what you know and do best.

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New Year to Bring New Data Security Threats, Cyber Investor Warns

Xconomy

Bob Ackerman is one of the venture capitalists whose funding has long fed the growth of the burgeoning cybersecurity industry.

Silicon Beach Report Jan. 4: Los Angeles Sues Weather Channel App

L.A. Business Journal

Warner Bros. settles “Westworld” game lawsuit; Digital Domain spins off new startup; IBM’s weather app sued by city attorney

IBM 100

MADIA Tech Launch Event

SoCal Tech Calendar

Wednesday, January 9, 2019 --.

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uBeam Dangles Promise Of First Demo At CES

socalTECH

Los Angeles-based uBeam , the controversial wireless charging startup backed by Upfront Ventures, says its is about to unveil its "ultrasonic wireless power system" at the CES 2019 show in Las Vegas next week, the first demonstration of the company's technology. The company, which has its CEO step aside last year , had gained a lot of unwanted attention from doubters of the company's technology credibility, when the company's former VP of Engineering called the company's product "a sham".

Opinion: Nvidia’s Business As Usual Strategy Can Cost Them Dearly

Inverted Software

Nvidia was recently hit with multiple class action lawsuits following this year’s cryptocurrency crash. Nvidia, if you didn’t know is the largest maker of GPUs (Graphics Processing Unit).

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Flo Technologies Announces $28 Million Series B

L.A. Business Journal

Flo Technologies Inc., based in Culver City, completed a Series B fundraising round worth $28 million Jan. 4, bringing the home water monitoring system developer’s total funding to an estimated $39.3 million

Preccelerator Workshop

SoCal Tech Calendar

Tuesday, January 8, 2019 --.

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Qualcomm Backs 5G Startup Baicells

socalTECH

San Diego-based Qualcomm is the lead investor in a new startup, developing 5G "small cell" technology, called B>Baicells. According to Baicells over the holidays, it raised $14.55M in a funding round, which came from Qualcomm Ventures LLC. The company says it is develping 5G technology based on "modularized architecture, virtualized technology and fog computing".

From Immigration to Taxes, Execs Talk Trump Effect on Innovation

Xconomy

When it comes to developing and promoting innovation, external factors beyond the control of company founders, investors, and other business leaders can also determine whether a startup succeeds or fails.

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Silicon Beach Report Jan. 2: Activision Appoints New CFO

L.A. Business Journal

Blizzard tweaks e-sports chats; Disney and Verizon sign deal; Durkin replaces Neumann at Activision Blizzard

L.A. Tech 2019 Kickoff

SoCal Tech Calendar

Wednesday, January 9, 2019 -- L.A. Tech 2019 Kickoff. Startup Coil. Kick off 2019 with Startup Coil and L.A. Tech Happy Hour at the beautiful Waterfront Venice. See [link] (more

Venice 100

Medsphere Buys Healthline Solutions

socalTECH

Carlsbad-based healthcare information technology developer Medsphere Systems Corporation said this morning that it has acquired Texas-based HealthLine Solutions , a developer of applications which are used by hospitals to manage their supply chain inventory. Financial details of the acquisition were not announced. According to Medsphere, the Healthline's core assets include applications that use bar coding and RFID technology used for healthcare supply chain inventory management.

Poseida Therapeutics Prepares for IPO to Advance CAR-T Treatments

Xconomy

Poseida Therapeutics, which is testing CAR-T cell therapies for blood-borne and solid tumor cancers, has laid the groundwork for an initial public offering. In documents filed with securities regulators Friday, the San Diego company set a preliminary IPO target of $115 million.

Silicon Beach Report Dec. 31: Caltech scientists play games with DNA

L.A. Business Journal

Caltech scientists experiment with DNA; Netflix abandons iTunes payment; L.A. Times hacked

Carrier Network Infrastructure: How to Find Local Vendors to Expand Your Capacity

Southern California Edison Blog

The telecom industry is rapidly transforming. Customers are demanding denser coverage and higher speeds in expanding areas. To keep pace, carriers are making strategic infrastructure investments to expand and improve coverage.

Cubic Buys GRIDSMART For $87M

socalTECH

San Diego-based Cubic Corporation said on Wednesday that it has acquired GRIDSMART Technologies , a developer of video tracking technology for the traffic management market. The deal was worth $87M in cash. GRIDSMART develops video detection technology, which uses image processing, computer vision modeling, and machine learning to track the movement of both people and traffic through street intersections.

NY’s Research Institutions Must Keep Working Together in ‘19

Xconomy

[ Editor’s Note: Euan Robertson, the Director of Strategic Planning & Special Projects at Columbia Technology Ventures, co-wrote this article.] It is a commonly held belief that academic research institutions, including those in New York City, are fierce competitors.

San Diego Venture Investor Barbara Bry Takes Aim At Mayor's Seat

socalTECH

San Diego venture investor and entrepreneur Barbara Bry , who co-founded Proflowers.com and several other local technology companies, said on Wednesday that she is running for Mayor of San Diego , in a move to further extend her experience in the technology industry into politics.

AmpliPhi Biosciences, C3J Therapeutics In Merger Deal

socalTECH

San Diego-based AmpliPhi Biosciences and Los Angeles-based C3J Therapeutics said this morning that the two have agreed to merge, in an all-stock deal, to focus on precisely targeted bacteriophage therapeutics. As part of the deal, the companies said C3J's existing shareholders will invest $10M in the merged company. AmpliPhi Biosciences is currently listed on the NYSE American as APHB.

LayerStack Opens New LA Data Center

socalTECH

Hong Kong-based cloud infrastructure provider LayerStack said on Thursday that it has opened up a new data center in Los Angeles, which will be its first facility in the United States. According to the company, the new data center will be its fourth, on top of existing operations in Hong Kong, Singapore, and Japan. LayerStack did not say how big of a data center it is opening up in Los Angeles, nor how much it is investing in the new location.

Atara Biotherapeutics CEO Steps Down

socalTECH

Atara Biotherapeutics , the biopharmaceuticals firm which has its manufacturing and research efforts based in Thousand Oaks, said on Thursday that its current President and CEO, Isaac Ciechanover, M.D., plans to step down. Ciechanover is the founder of Atara. According to the company, its board has initiated a search for a new CEO, with Ciechanover remaining in his role until at least June 30th or when a successor is found. The reason for the CEO changeover was not announced by the company.