Sat.Feb 07, 2015 - Fri.Feb 13, 2015

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Taking My Hat Off to @Shervin and His Hyperloop Ambitions

Both Sides of the Table

'*. Shervin Pishevar. Many of the articles I’ve read about him over the last several years have a listing of his biggest successes – mostly Uber – and a tinge of cynicism about his close connections with celebrities or self promotion. Not this one. I’m going to write a pure admiration piece. A “hats off” (see what I did there?

Startup 281
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Past Is Prologue: 13 Startup Lessons From How We Got To Now

InfoChachkie

'A version of this article previously appeared in Forbes. In 1862, Charles Darwin predicted that an insect with an extraordinary tongue must exist by observing an orchid which stores its nectar at bottom of long stem. Darwin surmised the anatomical structure of the phantom insect based on the mechanics required to pollinate the flower. 130-years later, scientists discovered X. morganii praedicta, a moth with a freakishly long tongue which fed on the orchid’s pollen.

Examples 192
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Do you tell your direct reports HOW to do a job?

Berkonomics

'Unless your job is to teach, attempting to tell your direct reports HOW to do the job you’ve asked or ordered them to do will be a disincentive, will remove some of the authority you’ve delegated, and definitely reduce their motivation to act and lead. Think for a moment of sometime in the past where someone directed you to do a job, then launched into a lengthy explanation of how you should do it.

Report 157
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LA Startups At Forefront Of Hyperloop Efforts

socalTECH

'Remember Elon Musks''s HyperLoop --the grand idea for transporting people from Los Angeles to San Francisco at 800 mph? A new, Los Angeles startup, Hyperloop Technologies has emerged-- with $8.5M in funding --to bring those dreams to life. Hyperloop Technologies said today that it received that funding round from Sherp a Ventures, Formation 8, Zhen Capital, David Sacks, and Peter Diamandis, as well as former White House deputy chief of staff Jim Messina, and plans to raise another $80M in a fun

SpaceX 157
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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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Smart Entrepreneurs Make Better Decisions Faster

Startup Professionals Musings

'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.

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SAVE THE DATE!

Tech Coast Venture Network

Saturday, November 14th From 4:00PM to 9:00PM at The Beall Center for Innovation and Entrepreneurship – UCIrvine.

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Coronal Group Buys HelioSage Energy

socalTECH

'Glendale-based energy investor Coronal Group said Thursday that it has acquired HelioSage Energy , a developer of utility scale solar power projects. Financial terms of the asset sale were not announced. Coronal Group said it has created a new company, Coronal Development Services LLC, adding more than 300MW of solar power projects to its portfolio, and another 1.5 GW of projects in development.

Glendale 155
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Great Entrepreneurs Move From Developers To Leaders

Startup Professionals Musings

'Almost every entrepreneur starts their journey by developing a solution, based on their knowledge of a new technology or required service. Developer skills are necessary, but not sufficient, to build a business. A real business requires leadership – thought leadership to attract customers and mind share, as well as people leadership around a team, partners, and investors.

Develop 101
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It’s Sofa King More Effective to Pick up the Phone

Both Sides of the Table

'*. Phone calls. Millennials are allergic to them. I have this conversation Sofa King often that I’m sure each reader who has met me will think I’m talking specifically about you. I’m not. Well, I am. But not only you. Email is efficient. You can crank out asynchronous thoughts, orders, questions, commands and comments. I email often.

Startup 263
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5 Mistakes to Avoid Making With Your Executive Summary

Tech Zulu Event

'I get questions from startup founders about executive summaries all the time. They range from “what should I include?” to “how long should it be?” to “where can I get help writing one?” I answered some of those questions in a previous post, Crafting Your Executive Summary , so I won’t rehash them here. But I do want to highlight 5 things that are guaranteed to make you stand out — and not in a good way.

Summary 64
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SpaceX Says Soft Landing Successful

socalTECH

'Hawthorne-based SpaceX said yesterday that it successfully "soft" landed its first booster stage for its Falcon rocket in the ocean, landing vertically and within 10 meters of its target. The company--which scrapped plans to land the rocket stage on a platform, due to high seas--said the success in the soft landing suggests a "high probability" of landing the stage on a drone ship in the future.

SpaceX 148
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7 Steps For Establishing The Right Business Model

Startup Professionals Musings

'Most technical entrepreneurs focus hard on building an innovative product, but forget that an elegant solution doesn’t automatically translate into a successful business. Businesses require an equally elegant business model, with the right price, messaging and delivery channel to the right target customers to keep the dream alive and growing. Defining the right business model requires the same diligence as designing the right product, but the approach and skills required are different.

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Why Most Online Video Companies Will Fail

Both Sides of the Table

'I live in LA and fund startups. So you can imagine that I see a lot of video startups. Most will fail. I repeat the same mantra to every one I see. “You can’t build a large online video company. You have to build a large online tech company that distributes video.” I try to explain this to every team I see and I’m not being flippant.

Company 265
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Amazon Studios Bringing Back Sigmund and the Sea Monsters

socalTECH

'Amazon Studios , the original content development arm of Amazon.com--which is based in the LA area--said today that it is bringing back Sigmund and the Sea Monsters , the 1970''s children''s television series, in a deal with Sid and Marty Krofft. Amazon said they will develop a "reimagined pilot" to the show. No other details of the new pilot were released.

Hollywood 144
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Love Lab Looks To Add Trust To Online Dating Apps

socalTECH

'Tired of swiping left and right with people you''re not quite sure about? A new, Los Angeles-based startup, LoveLab , launched Wednesday, saying it is looking to bring a level of trust into the online dating app scene. The new startup--backed by longtime area startup veteran Jon Kraft, and run by TV stars Steven and JoAnn Ward (Master Matchmakers, VH-1)--said it is looking to help online daters gain a level of trust in online profiles, and to help conquer the issue of daters "seriously misrepre

eHarmony 143
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OpenX Hits $100M In Revenues

socalTECH

'Los Angeles-based online advertising technology developer OpenX announced that it exceeded $100M in net revenues in 2014, making the company the latest area company to pass the milestone. The company--which is led by Tim Cadogan--said the growth came from growth of both its OpenX Ad Exchange and OpenX SSP businesses. The company explained that mobile advertising, in particular, grew 100 percent, and is now 25 percent of the company''s inventory.

OpenX 143
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CurbStand: Looking To Create A Valet Parking Network

socalTECH

'It''s the wild, wild west out there when it comes to valet parking, with hundreds of companies, and not much brand reconition. Los Angeles-based CurbStand (www.curbstand.com) is hoping to change that, by offering up a mobile app which connects you with the company''s network of CurbStand valet parking companies, which offers on-demand retrieval of your car, mobil payments, and on the valet parking operator side--lots of business analytics tools and reporting.

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New Matter Gets $6.5M For 3D Printing

socalTECH

'Pasadena-based New Matter , which is developing consumer focused, 3D printers, said today that it has raised $6.5M in a Series A funding round. The funding was led by Alsop Louie Partners, and also included Arden Road Investments, Biotechonomy, Dolby Family Ventures, First Round Capital, Idealab and frogVentures. New Matter said it is on the brink of shipping its 3D printer, the MOD-t, this spring.

Idealab 138
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NoFlyZone Looks To Keep Pesky Drones Out Of Your Backyard

socalTECH

'Are you in one of those areas where there seem to be an abundance of drones buzzing around your backyard? A new, Los Angeles-area startup, NoFlyZone.org , said it is looking to help keep drones out of your property, with a new online database it is creating with drone manufacturers and operators. NoFlyZone, which is based in El Segundo, said it lets users enter their address into a giant database, which can be used by drone manufacturers to avoid flights into your property.

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Dexcom Aims To Bring Diabetes Monitor To Apple Watch

socalTECH

'San Diego-based Dexcom , a developer of medical devices used to monitor the blood glucose level of diabetes patients, is looking to become the first provider of a glucose monitoring app on the Apple Watch. According to the WSJ, Dexcom hopes to rollout an app to display readings from its diabetes glucose monitors as soon as the FDA relaxes the rules for those kinds of applications, which currently require regulatory approval.

San Diego 138
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truePrep Takes On SAT Tutoring

socalTECH

'Looking for improving your score on the SAT? truePrep , a new service from Santa Monica-based ArborBridge , said today that it has launched a new service which matches students with online SAT tutors, who can help students prepare for the SAT through online, video conferencing. truePrep said its service connects students with "elite" tutors, charging $75 per hour for those tutoring services--half what it says typical test prep companies charge. truePrep uses computer-assisted testing and questi

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Google's Investment In SpaceX Round Totals $900M

socalTECH

'Mountain View-based Google confirmed in its quarterly earnings report this week that it was the biggest investor in the recent, $1 billion funding round for Hawthorne-based SpaceX. In it''s 10-K, Google confirmed that it invested $900M in the recent funding round for SpaceX on January 20th, saying the investment goes to help support continued innovation in the areas of space transport, reusability, and satellite manufacturing.

SpaceX 135
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3D Robotics Open Source Flight Control App Takes Flight

socalTECH

'3D Robotics , the drone maker which has a significant office in San Diego, said today that it has rolled out a new, open source app aimed at drone software developers. The company--which says it is now the largest, consumer drone manufacturer in North America--said its open source Tower flight control app provides an open programming interface, which allows users to build new features into the ap.

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Qualcomm To Pay Nearly $1 Billion To China

socalTECH

'San Diego-based Qualcomm said late Monday that it will pay $975 million to China, to settle China''s claims that the company had violated its anti-monopoly laws. Qualcomm reached the record payment after a resolution with China''s National Development and Reform Commission (NDRC). Qualcomm said it would not contest the fine or continue further legal proceedings, and also said it will offer licenses for current 3G and 4G technology separately from its other patents, and limit its royalties for 3

San Diego 135
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Vinny Smith's Toba Capital Backs Sauce Labs

socalTECH

'Vinny Smith , the former CEO of Orange County''s Quest Software, has backed a developer of web and mobile application development, via his investment firm, Toba Capital. San Francisco-based Sauce Labs said last week that Toba had backed the company in a $15M, Series D funding round, for the company''s testing software, which is aimed at the mobile and web application development market.

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Rubicon Project: Valentine's Day Is Last Minute

socalTECH

'Los Angeles-based Rubicon Project has run another of its online advertising surveys, ahead of Valentine''s Day, and says that it has found that 89% of purchases for the holiday are "last minute"--in the week before the holiday, and 38 percent of people wait until the last 24 hours before purchasing a Valentine Day''s gift. Rubicon Project--which has regularly been studying trends in online shopping an advertising--also found that men are the worse offenders for last minute gifts, with 43 percen

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Maker Studios Powers Sling TV Launch

socalTECH

'Los Angeles-based Maker Studios is helping to power the launch of a new, live television service from Sling TV , the new online-only video service which is owned by DISH Network. According to Sling, content from Maker is a major component of its new service, which offers up ESPN, ESPN2, TNT, TBS, Food Network, HGTV, Cartoon Network, ABC Family and Disney Channel for only $20 a month.

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Virgin Galactic Sets Up New Location In Long Beach, Plans Hiring

socalTECH

'Mojave-based Virgin Galactic has set up shop in a new location in Long Beach, saying Thursday that it has opened up a new, 150,000 square foot facility at Long Beach Airport, where it intends to fill a significant number of open positions at the company. Virgin Galactic expects the location to work on its LauncherOne effort, its project to launch satellites into space.

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Adtile Technologies Rolls Out Mobile Ad Product

socalTECH

'San Diego-based Adtile Technologies , the developer of mobile advertising technology led by Nils Forsblom, has rolled out a new mobile ad technology that the company says uses multiple sensors on users'' phones to engage with users. The company said its technology takes advantage of the "incredible sensory hardware" already available on phones to help engage with users.

Mobile 131
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SpaceX Successfully Launches Air Force Satellite Into Space

socalTECH

'Los Angeles-based SpaceX , the space rocket firm run by Elon Musk, successfully launched its latest mission--a delivery of an Air Force satellite into deep space--on Wednesday evening. The launch came on the third try for SpaceX, which had encountered problems with an Air Force radar on Sunday, and high winds on Tuesday. SpaceX--which had planned to again test its landing system for its rocket boosters as part of an effort to make its rockets reusable--said right before launch that it would not

SpaceX 131
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SpaceX Hopes Three Times Is A Charm, Moves Launch Again

socalTECH

'Hawthorne-based SpaceX has been forced to scrub the launch of the USAF'' DSCOVR space weather satellite for the second time, due to high winds, and will try a launch on Wednesday. The rocket developer--which had to scrub its first attempt Sunday due to Air Force radar issues--said its next launch window in tomorrow, February 11th, and 6:03pm EST. The mission--aside from launching an Air Force satellite into orbit--is expected to be used to again test the ability to land its booster rocket on a

SpaceX 131
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Netflix Expands In Cuba

socalTECH

'Online video streaming service Netflix --which has significant operations in Los Angeles--opened up its service in Cuba on Monday, one of the first companies back into the country after President Barack Obama''s move to re-establish diplomatic ties with the Communist country. Netflix will charge $7.99 a month for the service. It''s unclear how many customers Netflix actually hopes to gain in the country, which has an average wage of $20 a month, and where there is extremely limited access , mos

Netflix 131
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SpaceX To Retry Launch Today

socalTECH

'Hawthorne-based SpaceX is planning to retry a launch originally planned for Sunday afternoon today, after a failure of an Air Force radar system forced the company to scrub its original launch time. SpaceX said the earliest next opportunity for its launch of the DSCOVR space weather satellite is today, at 6:07pm ET. SpaceX''s customer for the launch is the US Air Force, NOAA, and NASA.

SpaceX 131
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Emulex Names VP

socalTECH

'Costa Mesa-based Emulex said Thursday that it has named David Williams as the company''s new Vice President of Product Management and Strategy, for the company''s Network Visibility Products (NVP) products. Williams was most recently VP of Strategy at the CTO office at BMC, and also had served at Gartner, AlterPoint, IBM Tivoli, CA, and Digital Equipment.

IBM 125
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TigerText Reports Big Sales Increase, Doubles Staff

socalTECH

'Santa Monica-based secure messaging app provider TigerText , which is led by Brad Brooks, said yesterday that its annual sales grew more than 300 percent in 2014, and also doubled the size of its staff. The private held company did not disclose any financials behind those numbers or say how many employees it now has. TigerText did say that more than 500 million messages per month are now being sent using its platform.

Sales 125
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j2 Global Hits Nearly $600M In Revenues, Adds Former AOL Head Miller To Board

socalTECH

'Los Angeles-based j2 Global , which runs both a long list of online, cloud-based services as well as owns publisher Ziff Davis and other online publishing businesses, has hit nearly $600M in total revenues, the company said late yesterday. The company also said it reached record annual revenues of $599M, a 15 percent year-over-year increase. j2 Global also said it has added former AOL CEO Jon Miller--now a partner at Advancit Capital--to its board, as well as revealed that it spend $143M in the