Sat.Jan 05, 2019 - Fri.Jan 11, 2019

Investors, your board, and you: Who controls strategy?

Berkonomics

You’re building a company from your vision and a passion, and lots of people are going to tell you that you have this or that wrong, and that it just won’t work. Business plans rarely survive market contact.

Course 170

Big Deals, Life Sciences Push U.S. VC in 2018 to Dot-Com Boom Levels

Xconomy

Venture capital investments rose in 2018 to levels not seen since the heady days of 2000, the last year U.S. startups collectively took in more than $100 billion.

Silicon Beach Report Jan. 10: Activision and Bungie Split

L.A. Business Journal

Gimbal acquires part of UberMedia; Bungie terminates Activision contract early, Ring’s security not so secure

Reflections On 2018: Matt Stodder, Startup Boost LA

socalTECH

During the holiday season, our tradition over the last few years has been to post reflections on the past year and some predictions for 2019 from Southern California's technology industry. Here's the contribution by Matt Stodder of StartupBoost LA (our apologies to Matt for the late post, our fault, not his!). What was the biggest lesson you learned this year? My biggest takeaway this year was truly understanding the strength and cohesion of the Los Angeles startup community.

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Investors, your board, and you: Who controls strategy?

Berkonomics

You’re building a company from your vision and a passion, and lots of people are going to tell you that you have this or that wrong, and that it just won’t work. Business plans rarely survive market contact.

Course 156

Uncertainty Grows for Biotech as Government, FDA Shutdown Drags On

Xconomy

The partial government shutdown could soon become the longest shutdown in history, and biotech firms that have submitted regulatory filings are facing greater uncertainty about their future plans.

More Trending

Dow Jones VentureSource: Southern California Gets $2.96 Billion In VC In Q4

socalTECH

Southern California raised $2.96 billion in venture capital in Q4 of 2018, according to data from Dow Jones VentureSource , released on Friday. According to the report, Los Angeles garnered the lion's share of the local funding, with $1.77 billion in deals, followed by $0.77 billion in San Diego and $0.42 billion in Orange County. The region had a total of 124 deals logged by Dow Jones VentureSource, split between 75 in Los Angeles, 29 in San Diego, and 20 in Orange County.

How Election Hacking is changing America’s Privacy and Security (2019-01-16)

SoCal Tech Calendar

Wednesday, January 16, 2019 --.

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E-Commerce Startups, Legacy Stores Grapple With Changing Retail Scene

Xconomy

The changing of the guard transforming retail is accelerating. Sears, the nation’s first “everything store,” is teetering toward bankruptcy after years of stagnation as industry leaders prepare to gather in New York at the National Retail Federation’s annual conference. Yet, new startups—aided with tech tools like artificial intelligence, chatbots, and the like—are trying to reinvent how to connect shoppers with the goods they want to buy.

SpaceX Plans 10 Percent Workforce Reduction

L.A. Business Journal

Approximately 10 percent of Hawthorne-based Space Exploration Technologies Corp.’s s estimated 6,000 employees will be laid off

CSUCI Names New Entrepreneurship Director

socalTECH

Camarillo-based CSU Channel Islands is boosting its efforts to reach out to the local business community, saying it has named a new director of its Entrepreneurship & Small Business Institute (ESBI) , part of the school's Martin V. Smith (MVS) School of Business & Economics. According to CSUCI, Assistant Professor of Management, Cynthia Sherman, Ph.D., will head the institute, which is designed to help launch student entrepreneurs.

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Robots Are Taking Over: From Space To Inside Your Home And Everything In Between

SoCal Tech Calendar

Wednesday, January 16, 2019 --.

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Tech Companies Share Shutdown Losses, With Little Chance of Back Pay

Xconomy

As federal agency employees miss their first paychecks today due to the partial government shutdown that began Dec. 22, federal contractors and their workers—including technology professionals—face a loss of income that they may never recover.

Santa Monica E-sports Company Files $25 Million IPO

L.A. Business Journal

Super League Gaming Inc., a Santa Monica company that organizes amateur e-sports competitions, filed a $25 million initial public offering with the Securities and Exchange Commission Jan.

Qualcomm Backs ClearMotion In $115M Funding

socalTECH

San Diego-based Qualcomm has put its backing behind a startup, ClearMotion , which is developing computer-controlled automotive chassis technology, which replaces shock absorbers with active components to dampen movement while you are driving. According to Boston-based ClearMotion, it raised $115M in a Series D funding, which was led by Franklin Templeton Investments, as well as clients of J.P.

brunchwork w/ Netflix and Backstage Capital

SoCal Tech Calendar

Sunday, January 13, 2019 -- brunchwork w/ Netflix and Backstage Capital. You're invited to an unforgettable brunch with Netflix Originals Launch Strategy, Product Innovation Victoria Young and Backstage Capital founder Arlan Hamilton. Enjoy a fireside chat with Victoria and Arlan curated connections, a business challenge and pitch off. over a seasonal, locally-sourced meal. See [link] (more

Notes from the JPM19 Vortex: Price Apocalypse, Celgene Fallout & More

Xconomy

[ Editor’s note: Ben Fidler and Sarah de Crescenzo coauthored this report.] It is here, and then it is gone. But by the time everyone staggers to the airport or back home to sleep in their own beds, the annual few days of the J.P. Morgan Healthcare Conference and everything that mushrooms around it seem just as long as the holiday break—a distant memory!—that —that came just before. In 2020 (yes, that’s really a year), San Francisco might have a new mayor.

Parsons Acquires Imaging, Mapping and Data Analytics Firm OGSystems

L.A. Business Journal

Pasadena-based engineering and security consulting firm Parsons Corp. announced Jan. 8 that it has acquired OGSystems, an imaging, mapping and data analytics company based in Chantilly, Va., for an undisclosed sum

Cylance, CUJO AI Team on Cybersecurity Effort

socalTECH

Irvine-based cybersecurity software developer Cylance and El Segundo-based devuce security software developer CUJO AI are in a partnership aimed at the connected home, the two said today. According to Cylance, the two are in a strategic alliance, aimed at network operators, which will combine the AI endpoint and network security products from the two companies, to offer up "end-to-end" protection for all connected devices in a home.

Miku Tackles Smart Baby Monitor Market

socalTECH

A new, Los Angeles-based startup, a href="[link] , has launched its first product, a "smart" baby monitor which it says captures and analyzes a baby's breathing and sleeping patterns, the temperature and humidity levels in a baby's environment, as well as other data. Miku--which launched its product at CES 2019--says its sensors connects with smartphones "from anywhere in the world" and sends alerts to parents using AI and machine learning technology, using both optical and wireless sensing.

Taoglas Buys ThinkWireless

socalTECH

San Diego-based Taoglas , which develops antenna technology to the Internet-of-Things (IoT) and automotive market, has acquired ThinkWireless , a developer of antennas for the commercial vehicle industry. Financial details of the acquisition were not announced. ThinkWireless develops automotive antenna systems, which cover two or more frequency bands, including those for SiriusXM satellite radio, GPS, AM/FM, weather band, DAB, HDTV, Wi-Fi, Bluetooth, and LTE.

HyperX Launches New Products At CES

socalTECH

Fountain Valley-based HyperX , the gaming division of Kingston Technology, is hitting CES hard with its product releases, saying this morning that it is launching headsets, microphones, mice, and memory at the consumer electronics show.

Sun Genomics Raises $2.9M For Custom Probiotics

socalTECH

San Diego-based Sun Genomics , which provides custom probiotics to customers based on what it says is a personalized analysis of your gut bacteria, has raised $2.9M in an ongoing funding round, according to a regulatory filing by the firm. Details on the ongoing funding were not announced by the company. According to the filing, the company is in the midst of raising $3.8M for its efforts, and has so far gained commitments from 20 investors in the round.

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SpaceX Chops 10 Percent Of Employees, Says Report

socalTECH

Hawthorne-based SpaceX --despite a continuing string of successful launches--is cutting 10 percent of its 6,000 employees, according to a report published on Friday. The report--from the LA Times--confirmed the layoff with the company, which said that Space "must become a leaner company" to continue to deliver for its customers. The company had a successful West Coast launch on Friday morning, from Vandenberg Air Force Base, delivering the Iridium-8 satellite communications payload into space.

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SpaceX Launch Today At 7:31am, If Weather Holds

socalTECH

Hawthorne-based SpaceX is hoping to launch another set of Iridium NEXT satellites into space this morning from Vandenberg Air Force Base, north of Santa Barbara, if the weather and other conditions hold. According to SpaceX, the instantaneous launch window for the launch is 7:31 a.m. PST, which should be visible across Southern California, depending on cloud conditions. The mission will place ten more Iridium NEXT communications satellites into space.

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Amazon's IMDb Launches Free Movie, TV Streaming Service

socalTECH

IMDb , the online movie information site which Amazon runs partially out of Los Angeles, has launched its own, free movie and TV streaming service, called IMDb Freedive. The new service also features "IMDb Originals", content generated for IMDb itself. A glance at the service showed such titles as 80's Steve Martin movie "Roxanne", Arnold Schwartzenegger's Last Action Hero, Winona Ryder's Little Women, and family films Stuart Little and Muppets In Space.

Report: Ring's Gave Unfettered Access To Cameras To Employees

socalTECH

Santa Monica-based Ring , the maker of connected video doorbells, video cameras, and other home security products (which is now part of Amazon), has has huge success in appealing to people looking a better feeling of safety and security in their home. However, according to a new report , that network of cameras in your home has a possible down side: a loss of privacy, and what the report calls "dismal privacy practices" and "lax, sloppy oversight" on who can access your video streams.

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Steereo: Connecting Ride Sharing Drivers, Music Discovery, with Anne Kavanaugh

socalTECH

In an age of online music streaming, and a general decline in people turning to traditional radio for their music, many artists have a tough challenge of figuring out how to get their music out to new fans. Los Angeles- and New York-based Steereo (www.steereo.com) has a new idea: partner those artists with ride sharing drivers, and pay those ride sharing drivers to play their music to the ever-changing variety of people who hop in their vehicles.

VivoAquatics Raises $8M

socalTECH

Monrovia, California-based VivoAquatics , a provider of water management services for hotels, resorts, and waterparks, has raised $8M in a funding round, according to a regulatory filing by the company this week. Details of the funding had not yet been announced by the company. According to the filing, 2 investors participated in the equity funding round, which closed on Tuesday.

UberMedia Sells Managed Media Business Unit To LA's Gimbal

socalTECH

Pasadena-based UberMedia , the Idealab-backed developer of mobile analytics software, said this week that it has sold its managed media business unit to Los Angeles-based Gimbal. Financial terms of the acquisition were not announced. According to Gimbal, the buy will help it gain access to new markets where it did not previously have a presence. Gimbal--previously known as The Mobile Majority--develops proximity and location management software, and is led by CEO Rob Emrich.