Sat.Sep 10, 2016 - Fri.Sep 16, 2016

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How to simplify your commission structure

Berkonomics

Is your commission structure so complex that even you must have help understanding it – and calculating a commission on a pending bid? Sales people are incentivized by money. They usually are able to calculate what’s in it for them before they make the final presentation and ask for the order. But what if the commission plan is so complex that even the people who should be most excited cannot understand or calculate the winning numbers?

Sales 202
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SaaS Funding Targest Software Companies With New Santa Monica Office

socalTECH

SaaS Funding , a new provider of debt funding to software-as-a-service companies, said it has set up an office in Santa Monica. The company, which provides senior and junior debt capital, says it is targeting Software-as-a-Service (SaaS), digital media and tech enabled service companies who are bootstrapped or backed by angels. The company said it offers up loans from between $250,000 to $3 million and terms ranging from 12 months to 36 months.

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Tesla Motors to Build 20MW Battery Storage Facility for SoCal Edison

L.A. Business Journal

Southern California Edison has selected Tesla Motors Inc. to build a 20-megawatt battery storage facility in Mira Loma for an undisclosed amount.

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Artificial Intelligence.Friend or Foe? - MIT Enterprise Forum of the Central Coast

SoCal Tech Calendar

Wednesday, September 21, 2016 -- "Artificial Intelligence. Friend or Foe?" Explore the Unfolding Mystery of AIs Impact of Humanity. MIT Enterprise Forum of the Central Coast. Is humanity at the dawn of a new age of enlightenment, inspired by benign AI enabled tech; or on an unalterable path to computer driven subservience to AI powered, self-aware machines?

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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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The 5 Criteria That Matter When Evaluating A College Entreprenurial Program

InfoChachkie

A version of this article previously appeared in Forbes. A friend recently asked me to give his startup-minded daughter some advice to help her vet undergraduate entrepreneurial programs. As I thought about the characteristics that comprise a great program, I identified five criteria that a prospective entrepreneurial student can use to evaluate the efficacy of a collegiate entrepreneur curriculum.

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Indeed Prime On Why Los Angeles Is A Hot Technology Jobs Market

socalTECH

Most of the insiders and hiring executives in Los Angeles know how hard it is to find technical talent in Los Angeles�but not all realize it's not because of lack of talent, but because of very high demand. Last week, job search service Indeed launched a new service in Los Angeles, called Indeed Prime , hoping to jump into the market for finding talent here to address that issue.

More Trending

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TechDay West Coast

SoCal Tech Calendar

Thursday, September 22, 2016 -- TechDay West Coast. TechDay launched with the goal of fostering and highlighting emerging technology. Since it's inception, TechDay has introduced thousands of companies to the public, press, and investing communities. We are proud to bring the largest startup event series in the U.S. back to the West Coast via Los Angeles.

Press 117
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Cybersecurity Startup MedCrypt Gets $750K to Defend Health Devices

Xconomy

MedCrypt, a healthtech cybersecurity startup founded near San Diego, has raised $750,000 in a seed financing round led by Safeguard Scientifics (NYSE: SFE ), a private equity fund in suburban Philadelphia that invests in healthcare, fintech, and digital media. (Safeguard Scientifics also is an investor in Sotera Wireless, the San Diego-based maker of wireless devices for remote patient monitoring.).

San Diego 107
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Here's Who Is Funding Companies In Southern California Today

socalTECH

Are you a startup looking to find funding in Southern California? It's often tough to figure exactly who the venture capital funds are who are funding startups in the area. However, for members of socaltech.com, it's a click away with our real time analysis of venture funding flows. Here are the venture firms who have been most active in SoCal (Santa Babrara - Los Angeles - Orange County - San Diego) in the last twelve months, based on the number of deals: 1.

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Comparably Hires eHarmony’s President Armen Avedissian

L.A. Business Journal

Comparably of Santa Monica announced it has hired eHarmony’s former President Armen Avedissian as it as its chief marketing officer.

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LA Fintech Mix Mingle Network

SoCal Tech Calendar

Wednesday, September 21, 2016 -- LA Fintech Mix Mingle Network. Come mix and mingle with other Financial Technologist's Wed Setp 21. Learn about the newest and fastest changes going on in financial technology. Finance is undergoing a massive change some call the "financial paradigm". Laws from 1930-1940 (old right?) are getting broken down with technological innovation in finance.

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What Startups Can Do About Cyber Attacks

Xconomy

A cybersecurity report by Ponemon Institute, in association with Keeper Security, found that in the 12 months leading up to June 2016, 55 percent of small and medium-sized businesses (SMBs) experienced a cyber attack, while 50 percent encountered data breaches involving customer and employee information. These statistics belie the common notion that cybercriminals attack only big businesses.

Startup 89
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Zenvoy: Connecting Business Users With One-On-One Connections, With Bill Webster

socalTECH

Most professionals know that networking is the key to building their business and finding new opportunities, but don't necessarily know how to go about doing so effectively. A new, Los Angeles-based startup, Zenvoy (www.zenvoy.com) is looking to change that, with a service that helps match professionals with one-on-one networking. We spoke with Bill Webster , Founder and COO of Zenvoy, to learn more about the company.

Startup 160
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Silicon Beach Report Sept. 12: OSI Systems Completes $269 Million Acquisition of American Science and Engineering

L.A. Business Journal

OSI Systems completes $269 million acquisition of American Science and Engineering, Lionsgate and Univision team up for Spanish-language streaming service, artificial intelligence startup Oben raises $10 million, and more

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Latin America Tech Meetup Los Angeles (LATM LA)

SoCal Tech Calendar

Tuesday, September 20, 2016 -- Latin America Tech Meetup Los Angeles (LATM LA). Latin America is the one of the most observed emerging economies. By creating a culture of need-based applications, social entrepreneurship and government assistance, LATAM has been on the radar of many venture capitalists, corporates, and founders that want to collaborate.

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5 Steps To Maximizing Your Startup Cash Flow Runway

Startup Professionals Musings

Cash flow is a basic survival metric for every startup. Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. Don’t wait until you are almost out of cash before managing every dollar spent, or looking for the next refueling from investors. Desperate entrepreneurs lose their leverage and die young.

Startup 108
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LumaTax Raises $2M For Small Business Tax Reporting Software

socalTECH

LumaTax , a new startup has offices in both San Diego and Seattle, Washington, has raised $2M in a funding, the company said on Thursday. The funding came from Madrona Venture Group, Greycroft Partners, and angels. LumaTax develops software which can be used by small businesses to automate the paperwork required for paying sales taxes. The company is initially launching its product in California.

Software 155
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OSI Systems Completes $269 Million Acquisition of American Science and Engineering.

L.A. Business Journal

X-ray system manufacturer OSI Systems on Monday completed its acquisition of American Science and Engineering Inc. for $37 a share, a cash deal worth $269 million.

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LA Advertising Professionals

SoCal Tech Calendar

Tuesday, September 20, 2016 -- LA Advertising Professionals. Mix, mingle, and network with other advertising professionals. Find partners, meet new people, and do deals. See https://www.eventbrite.com/e/la-advertising-professionals-tickets-27292423373.

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How To Create Customer Value And Profit To Survive

Startup Professionals Musings

As a startup advisor, I see too many entrepreneurs get distracted by technology or their favorite cause, and then wonder why they can’t find an investor, attract customers, or build a long-term business. Every startup needs to start with an honest assessment of how they provide customer value, and how that translates into a sustainable business return for stakeholders and growth.

Customer 101
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Everbridge Raises $90M In IPO, Sees Pop On Market Debut

socalTECH

Everbridge , a developer of emergency notification tools which was founded and still has major operations in both Glendale and Pasadena, has had an IPO, raising $90M for the company and marking another major, SoCal linked technology startup exit in what has been a busy year for deals. Everbridge is now trading on the NASDAQ Global Market as EVBG. The company is backed by ABS Ventures, Daughty Hansen & Co., Second Alpha Partners Fund, Eastward Capital Partners, PMC Financial Services, and oth

Glendale 152
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Silicon Beach Report Sept. 14: Comparably Hires eHarmony’s President Armen Avedissian

L.A. Business Journal

Comparably hires eHarmony’s president Armen Avedissian, LeEco buys production studio Dichotomy Creative Group, and Snapchat increases ad targeting.

Snapchat 109
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Digital and Beyond in LA - Forging a Connected South LA

SoCal Tech Calendar

Thursday, September 22, 2016 -- Digital and Beyond in LA - Forging a Connected South LA. Digital and Beyond in LA. Forging a Connected South LA A fun, entertaining and informative look at what’s happening in LA and the role young adults can play in shaping the future of technology and digital media. We’ll cover Entrepreneurship, Venture Capital, Start Up Life, and Digital Media.

Startup 109
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Biotech Roundup: CRISPR’s 3rd IPO, Gender Diversity, Buyouts & More

Xconomy

Across the nation, and even looking back into the past, health was in the headlines this week. Our presidential candidates were either recovering from pneumonia or talking up their health records. New documents came to light that showed the sugar industry paid for studies downplaying the ties between sugar and heart disease. And the drug-price frenzy continued, with Senators Tammy Baldwin and John McCain introducing a new bill to combat price hikes and Mylan CEO Heather Bresch set to testify on

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Tastemade, Jaunt Tap Ryan Seacrest, Conan O'Brien For Tour Through LA

socalTECH

Santa Monica-based virtual reality content developre Jaunt , and Santa Monica-based online food and travel lifestyle content provider Tastemade said today that the two have tied together for a new, virtual-reality trip through Los Angeles, featuring Ryan Seacrest and Conan O'Brien, along with a host of others. According to the two, A Perfect Day in Los Angeles is a virtual reality travel experience which takes viewers through a tour of LA's most iconic sites (Stan's Donuts, Universal Studios Hol

Redpoint 152
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Security Systems Maker Locks Up Industry Peer with $269 Million Deal

L.A. Business Journal

X-ray system manufacturer OSI Systems Inc. completed its $269 million, all-cash purchase of American Science and Engineering Inc. on Sept. 12.

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Digital and Beyond in LA - Forging a Connected South LA

SoCal Tech Calendar

Thursday, September 22, 2016 -- Digital and Beyond in LA - Forging a Connected South LA. Digital and Beyond in LA. Forging a Connected South LA A fun, entertaining and informative look at what’s happening in LA and the role young adults can play in shaping the future of technology and digital media. We’ll cover Entrepreneurship, Venture Capital, Start Up Life, and Digital Media.

Startup 109
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A New Venture Needs Connected Leadership To Thrive

Startup Professionals Musings

Most startup ideas begin in the mind of an individual, but an idea is not a business. It takes a team, with effective leadership, to build a business. Many aspiring entrepreneurs default to team leadership by domination and control. Yet in my experience, the best entrepreneurs quickly learn the art of people connection. They connect and inspire the right people to achieve more with less.

Ideas 96
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DealerPeople Names New CEO

socalTECH

Irvine-based DealerPeople , which runs a free, web- and mobile-based site that aims to recruit and train employees in the auto dealership industry, says it has named Jay R. Mortensen as its new CEO. The company said Mortensen has held "nearly every position" in the sales department and worked with nearly every make of car since 1989, but did not detail his prior experience.

Training 150
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Silicon Beach Report Sept. 15: Tesla Motors to Build 20MW Battery Storage Facility for SoCal Edison

L.A. Business Journal

Tesla Motors to build 20MW battery storage facility for SoCal Edison, Citi Ventures backs FastPay, first Hyperloop One likely to be built overseas, and more.

SoCal 100
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TechDay West Coast

SoCal Tech Calendar

Thursday, September 22, 2016 -- TechDay West Coast. TechDay West Coast has officially opened it’s doors for the 2016 event and it’s destined to be bigger and better than ever! On September 22nd, TechDay will host 300+ of the hottest startups and tech companies for a day to celebrate innovation in technology. TechDay will gather 10,000 attendees including investors, press, influencers, top talent, users, entrepreneurs and many more!

Press 109
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San Diego Innovation Economy Extended Gains in 2015: Connect Report

Xconomy

San Diego’s innovation clusters continued to grow in 2015, as local startups, funding deals, and job growth extended an economic growth spurt that began in 2013. That’s according to a report being released today by Connect, the local nonprofit group focused on technology and entrepreneurship. The Connect Innovation Report found that 405 software, technology, and life sciences startups were created last year in San Diego County.

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Philz Coffee Looks Beyond California With $45M Funding

socalTECH

Philz Coffee , the Silicon Valley coffee chain which has been in a massive expansion in Southern California in the last few months, announced on Tuesday a $45M Series C funding round. The company said the big investment round was led by TPG Growth. As part of the funding, Jim COulter and Sanjay Banker, both of TPG, join the company's board. Philz Coffee is about to open its first location in Glendale this week, just opened a location in Huntington Beach , and opened a location in Hollywood in Ju

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Silicon Beach Report Sept. 16: Newegg Receives Investment from Hangzhao Interactive

L.A. Business Journal

Newegg receives investment from Hangzhao Interactive, Ted Cruz fights ICANN’s transfer, Demand Media acquires The Other Art Fair for $1.5 million, and more.

NewEgg 100
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TechDay West Coast

SoCal Tech Calendar

Thursday, September 22, 2016 -- TechDay West Coast. TechDay is an expo for tech startups that helps them gain exposure to press, investors, early adopters and talent. See https://techdayhq.com/build-west-coast.

Press 100
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How to Teach Computational Thinking

Xconomy

Computational thinking is going to be a defining feature of the future—and it’s an incredibly important thing to be teaching to kids today. There’s always lots of discussion (and concern) about how to teach mathematical thinking to kids. But looking to the future, this pales in comparison to the importance of teaching computational thinking. Yes, there’s a certain amount of mathematical thinking that’s needed in everyday life, and in many careers.