Xconomy
SEPTEMBER 5, 2019
Making beer is a water-intensive process : Along with the water that goes into the product itself, another five to seven gallons of wastewater is produced for every gallon of the good stuff because of cleaning, cooling, and packing during a brew. The leftover grains and unused water, chock-full of sugars and alcohol, is expensive to dispose of properly.
socalTECH
SEPTEMBER 5, 2019
In a move that may have a huge impact on the content creation business in Los Angeles, YouTube said on Wednesday that it has created a new, $100M fund, which it will disburse over the next three years, which will go towards the creation of "thoughtful, original" children's content for YouTube and YouTube Kids. The new fund comes as part of a settlement with the U.S.
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Startup Professionals Musings
AUGUST 31, 2019
In the old days, every entrepreneur dreamed of easily taking their startup public, and making it big. Today the rate of startups going public (IPO – Initial Public Offering) is up from the dead zone, but is still half the rate back before 2000. Smart entrepreneurs are just now starting to look at this option again, due to its unpredictability and the challenges of running a public company.
L.A. Business Journal
SEPTEMBER 4, 2019
Advertising technology software firm SRAX Inc. announced Tuesday it will bring its product offerings to Europe, an expansion made possible by the closing of an Aug. 12 equity worth $5.5 million.
Advertiser: Aggregage
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.
Berkonomics
SEPTEMBER 5, 2019
Here’s one that targets most any company that has taken investments at any stage, as well as more mature companies. Why would you split the positions? More and more today, shareholder organizations recommend that the positions of chairman and president (or CEO) be split, so there are checks and balances at the board level in the leadership. This recommendation is true for all companies with outside investors who are active and have or seek board representation.
socalTECH
SEPTEMBER 5, 2019
Ventura-based 3D printer maker Nexa3D is continuing to expand out its reseller network, saying this morning that it has added a new partner to help it expand into Russia. According to the company, it has linked with SIU System, a Russian supplier of 3D printers and additive manufacturing solutions that serves Russia and the Commonwealth of Independent States.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
L.A. Business Journal
SEPTEMBER 3, 2019
The chief executive of Gardena-based electric vehicle developer Faraday and Future Inc. has vacated his post, according to a statement the company made September 3.
Startup Professionals Musings
SEPTEMBER 4, 2019
It really is possible for an introvert to succeed as an entrepreneur, even though you can’t expect to start and build a business alone. You need to build business relationships with partners, team members, investors, and of course customers. In fact, all you need to do is follow the model of some famous self-proclaimed introverts , including Elon Musk, Mark Zuckerberg, and Bill Gates.
socalTECH
SEPTEMBER 5, 2019
Playa Vista-based Appetize , which develops tablet-based point-of-sale (POS) products, said this morning that it has added integration with Quick Server Restaurant (QSR) software and services providers Olo, Punchh, and SynergySuite. According to Appetize, the partners are using the "Appetize API engine", which lets partners integrate their services within its product suite.
Xconomy
SEPTEMBER 6, 2019
Being first to market with a new type of drug brings advantages. The first mover sets the bar for what physicians, payers, and patients can expect of that medicine and how much it costs. It grabs market share that followers have to steal away. But the first mover isn’t infallible if someone else has something better. That’s something the The Medicines Co. is counting on.
SoCal Tech Calendar
SEPTEMBER 6, 2019
Thursday, September 12, 2019 --.
Startup Professionals Musings
SEPTEMBER 1, 2019
Early-stage entrepreneurs rightly keep their focus on creating an innovative product or service. After celebrating success at that level, they often find themselves ill-prepared to move to the next stage, for scaling their business into a high-performing enterprise. That’s where I see too much entrepreneur burnout, growth plateaus, and founders being replaced, to their chagrin.
socalTECH
SEPTEMBER 6, 2019
Startup Boost Los Angeles has opened up applications for its Fall 2019 class, according to the group. The programs--which does not charge fees or take equity from companies in its program--says it is seeking nine early stage startups to take part in its eight-week program, designed to help early stage startups. Startup Boost Los Angeles says its program includes six weekly workshop sessions and one demo night hosted by Google, in Venice.
Southern California Edison Blog
SEPTEMBER 4, 2019
Every year, Government agencies face an increased risk of becoming victim to a cyber-attack. According to the Identity Theft Resource Center, US Government agencies suffered 1108 data breaches between 2005 and 2018 1. With confidential and financial records at risk of being exposed, it is crucial to state, local, and federal Governmental organizations to adopt a reliable and secure fiber network solution to decrease this risk of a cyber attack.
socalTECH
SEPTEMBER 6, 2019
SeekOps , a developer of drone-based sensor systems to locate natural gas emissions that was spun out of NASA's JPL Laboratories in Pasadena, has raised funding in a Series A-1 round, the company said on Friday. The company said the investment came from the OGCI Climate Investments fund (OCGI CI), and Equinor Technology Ventures (ETV), the venture arm of Norwegian multinational energy company Equinor.
socalTECH
SEPTEMBER 6, 2019
Irvine-based technology distributor Ingram Micro says it has been authorized to market, sell, and support Microsoft's new virtual reality product, the Microsoft HoloLens 2. According to Ingram Micro, the distribution deal will allow its channel partners to access Microsoft's mixed reality products. The company says it has been recently expanding its focus on "advanced solutions" and Internet-of-Things (IoT) products.
socalTECH
SEPTEMBER 6, 2019
El Segundo-based online postage provider Stamps.com said late Thursday that it has launched a new, international shipping service with GlobalPost, which will help ease its customer's uncertainty about possible international shipping disruptions due to the possibility of the United States leaving the Universal Postal Union (UPU). The United States--barring any last minute agreements--is due to leave the Universal Postal Union (UPU), the international body which governs the exchange of mail and pa
socalTECH
SEPTEMBER 6, 2019
Santa Barbara-based Sonos , the developer of user-friendly, whole home speakers, has rolled out its first outdoor speaker, a battery powered speaker called the Sonos Move. Sonos said the new portable speaker, which costs $399, will be available globally starting September 24th. According to Sonos, the new speaker is rated for falls, bumps, rain and moisture, dust and dirt, UV and extreme temperatures and features a rating of IP56.
socalTECH
SEPTEMBER 5, 2019
Los Angeles-based accounting automation software developer Blackline , and reporting and compliance software developer Workiva , said on Wednesday that the two companies have integrated their platforms. The two said the deal lets their joint customers connect and transfer data between their two platforms. The two said that many of their customers use Blackline for automating balance sheet reconciliation and other processes, and then use Workiva for reporting and compliance efforts.
socalTECH
SEPTEMBER 5, 2019
Los Angeles-based mobile games developer Jam City , the developer of the popular Harry Potter: Hogwarts Mystery mobile game, says it is adding a new feature to the game focused on the fictional sport of "Quidditch". According to Jam City, it will now let fans play the game of Quidditch in the game, as part of the ongoing adventures of the game. Quidditch is from the popular series of Harry Potter books and movies, and involves flying around on broomsticks.
socalTECH
SEPTEMBER 4, 2019
Today's video interview is with Richard Wolpert , a well known Southern California venture capital and angel investor. Richard previously was the CSO Real Networks & former President, Disney Online, and is also Venture Partner at Amplify.LA. Richard is also author of The Soul of A Deal: Making Deals in the Digital Age , where he talks about deal negotations, and where he shares lessons from J.J.Abrams, Deepak Chopra, Peter Guber, Reid Hoffman, and Penn Jillette.
socalTECH
SEPTEMBER 4, 2019
Calabasas-based DTS , the developer of surround sound and other audio processing technology, has scored a win with TPV Technology Limited , the manufacturer of Philips branded TVs and speakers. According to DTS, TPV Technoloogy has licensed its DTS Play-fi whole-home wireless audio technology. The companies said that TPV will integrate DTS Play-Fi technology into its televisions, sound bars, and speakers for sale under the Philips brand in Europe, China, Russia, Latin America, and Asia Pacific.
socalTECH
SEPTEMBER 3, 2019
Los Angeles-based electric car maker Faraday Future said this morning that it has named a new CEO, and has named Dr. Carsten Breitfeld to head up the company, with founder and CEo YT Jia becoming Chief Product & User Officer (CPUO). Dr. Breitfeld spent 20 years at BMW, and previously led BMW's i8 vehicle program as Group Vice President, in addition to co-foundering and serving as Chairman and CEO of BYTON.
socalTECH
SEPTEMBER 3, 2019
Thousand Oaks-based Teledyne Technologies announced this morning that it has acquired Canadian MEMs foundry Micralyne. Financial terms of the acquisition were not annoucned. Micralyne was based in Edmonton, Alberta, and is a foundry that produces Micro Electro Mechanical Systems (MEMS) devices, including microfluidic technoogy for biotech applications.
socalTECH
SEPTEMBER 3, 2019
Our interview today is with Amos Schwartzfarb , the author of Sell More Faster: The Ultimate Sales Playbook for Start-Ups , which comes out tomorrow, Wednesday. Schwartzfarb is currently Managing Director of Techstars Austin, but spent a significant time in the Los Angeles technology community working with Jake Winebaum at Business.com. We caught up with Amos to learn about his new book, and to gain some tips for startup entrepreneurs on how to figure out when you're actually ready to scale your
socalTECH
SEPTEMBER 4, 2019
A new report says that Los Angeles-based Ring The report , from Buzzfeed, claims that Ring has a group of researchers in the Ukraine, including a "head of face recognition research", despite its long public stance that it does not use facial recognition technology. Ring--which is owned by Amazon--has drawn criticism for cozying up to law enforcement and making it easy for departments to gain access to Ring camera footage, even without a warrant.
socalTECH
SEPTEMBER 4, 2019
San Diego-based Verimatrix , which develops security software for set-top box makers and others, has sold one of its business units--its Silicon IP and Secure Protocols business--to Rambus , in a deal worth $65M in cash. According to Verimatrix, the move will help it become a "pure player" in software. Verimatrix said its SIP business unit generates $22M in revenues.
socalTECH
SEPTEMBER 3, 2019
One of the SpaceX high speed, Starlink communications satellites nearly ran over a European Space Agency (ESA) satellite on Monday, and only avoided disaster after the ESA performed a "collision avoidance maneuver" to steer out of the way of one of those Starlink satellites, the ESA said today. The ESA said this is the first time it has had to initiate those maneuvers.
socalTECH
SEPTEMBER 3, 2019
Los Angeles-based private equity investor Ares Management said this morning that its Infrastructure and power strategy and Apex Clean Energy funds are backing a 200MW renewable wind power project in Texas, which will go to power operations for Facebook. Financial details of the deal were not announced. According to Ares Aviator Wind East, an approximately 200 MW portion of the 525 MW Aviator Wind project located in Coke County, Texas, has signed a renewable power purchase agreement with Facebook
socalTECH
SEPTEMBER 3, 2019
Los Angeles-based J2 Global has named Nate Simmons as the President of one of its major business divisions, its Cloud Services division, reporting to CEO Vivek Shah, the company announced this morning. Simmons was previously SVP and COO of Symantec's consumer division, including both its Norton and Lifelock Brands. Simmons also served at Time Inc. and McKinsey & Company.
Startup Professionals Musings
SEPTEMBER 2, 2019
Every so often a promising entrepreneur seems to freeze in the oncoming headlights and gets run over by his competition. Why is it that his idea which seemed so fundable only months ago fails to attract investors today? The team is the same. The company's market is the same. The only change might be a visible new competitor, or another economy downturn, resulting in investors holding their money, and that makes all the difference.
Startup Professionals Musings
SEPTEMBER 6, 2019
Investing in entrepreneurs and startups is a fun but different world from investing in conventional stocks, bonds, and commodities. First of all, it’s more of an investment in people than in a business, since the startup is usually an idea barely half-baked when they need your money. Secondly, the risk is very high, since as many as 90 percent of startups fail within a few years.
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