Sat.Dec 22, 2018 - Fri.Dec 28, 2018

Saxena: More Than a Tool, A.I. Must Be Used With Society in Mind

Xconomy

[ Updated 12/27/18, 9:54 am ] Manoj Saxena is bullish on artificial intelligence. As chairman of Austin, TX-based A.I. startup CognitiveScale and managing director of The Entrepreneur Fund , which makes investments in early-stage machine learning companies, Saxena believes A.I.

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Risk, insanity, and the 50% startup rule

Berkonomics

Fifty percent of all businesses formed fail within the first two years. . There are many variations of this number since there are a number of ways to measure failure. But the number is a startling reminder that creating a business is not easy, nor is it any assurance of success.

SpaceX Successfully Delivers GPS Satellite Into Orbit

socalTECH

Hawthorne-based SpaceX successfully delivered another payload into space over the Christmas weekend, delivering the GPS III SV01 Mission into space on Sunday, December 23rd at 5:51 a.m. for the U.S. Air Force. The satellite is the first GPS III satellite to be delivered into space for the USAF, and will be used to augment the current constellation of 31 satellites which are used to deliver Global Positioning System (GPS) services to the military, business, and consumer devices worldwide.

SpaceX 109

10 Questions To Test Your Aptitude As An Entrepreneur

Startup Professionals Musings

Currently there is no professional certification, or standardized testing, as there is for accountants and lawyers, to see if you are ready to tackle the rigors of starting a new business.

Smart Audio – A Lucrative Platform… If You Figure Out How To Leverage It

InfoChachkie

A version of this article previously appeared in Forbes. My adult daughter recently visited us for a few weeks and she brought along a good friend… Alexa.

Risk, insanity, and the 50% startup rule

Berkonomics

Fifty percent of all businesses formed fail within the first two years. . There are many variations of this number since there are a number of ways to measure failure. But the number is a startling reminder that creating a business is not easy, nor is it any assurance of success.

More Trending

Fear Of Failure Makes It A Self-Fulfilling Prophecy

Startup Professionals Musings

People with a victim mentality should never be entrepreneurs. We all know the role of starting and running a business is unpredictable, and has a high risk of failure. For people with a victim mentality, this fear of failure alone will almost certainly make it a self-fulfilling prophecy.

Silicon Beach Report Dec. 26: Katzenberg Hires More Quibi Executives

L.A. Business Journal

Military GPS satellite launched by SpaceX; Blizzard begins player tracking; Viacom executive joins Quibi

SpaceX 109

In 2019, the Dam Will Break: Student Debt Predictions and Solutions

Xconomy

With the density of colleges and universities in the Boston area, we don’t often recognize how inaccessible higher education has become for the majority of the country. In fact, seven out of 10 college graduates today have outstanding student loans.

Reflections on 2018: Clinton Foy, CrossCut Ventures

socalTECH

Editor's note: All this week, and into the start of next year, we'll be 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, we have the thoughts of Clinton Foy , General Partner and Managing Director of Crosscut Ventures (www.crosscut.vc). What was the biggest lesson you learned this year? Venture Capital is a Long Term Game.

Funding Alternatives Change As Your New Venture Grows

Startup Professionals Musings

Some entrepreneurs start polling venture capitalists for that multi-million dollar investment before they even have a business plan. That’s like trying to sell part of something to a stranger for big money when you haven’t fully defined it yet.

Silicon Beach Report Dec. 28: Reed Hastings’ $2.1 Million Christmas Gift

L.A. Business Journal

Snap cuts holiday bonuses; Disney plans NBA virtual reality experience; Netflix executives expect 2019 raises

Gossamer Bio Files for IPO at End of Year in Which it Raised $330M

Xconomy

Gossamer Bio, headed by former Receptos executives, made its public debut in January with $100 million in financing. Seven months later, it tacked on another $230 million. Now, the San Diego-based startup is looking to Wall Street for additional funds.

Reflections on 2018: Jay Goss, Wavemaker Three-Sixty Health

socalTECH

Editor's note: All this week, and into the start of next year, we'll be 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. This contribution is from Jay Goss , General Partner at Wavemaker Three-Sixty Health , based in Pasadena. What was the biggest lesson you learned this year?

10 Leadership Elements That Work In Today’s Business

Startup Professionals Musings

The pervasiveness of social networking and the Internet has caused a new focus and value on “openness,” which leads to a new element of leadership, called “open leadership.” The mantra of open leadership is “Be Open, Be Transparent, and Be Authentic.”

Silicon Beach Report Dec. 27: Scam Goes Phishing for Netflix Users

L.A. Business Journal

SpaceX lands $29 million from the U.S. Airforce; Snap’s 2019 goals analyzed; “phishing” scam targets Netflix consumers

SpaceX 100

From Alnylam to Zayner: Xconomy’s Top Innovation Stories of 2018

Xconomy

2018 was a year of ups and downs for the business and technology community. It was a year of big exits—both IPOs and acquisitions—for tech and life sciences companies. Venture funding remained strong, but more money went to fewer (and later-stage) companies overall. As the year winds down, we’re reflecting on the big innovation trends and developments that will carry over to next year. Storylines in various sectors helped shape the overall narrative in 2018.

Reflections on 2018: Anna Barber, Techstars LA

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Editor's note: All this week, and into the start of next year, we'll be 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. Anna Barber , the Managing Director of Techstars LA (www.techstars.com), one of the startup accelerators run by Techstars in the Los Angeles area. What was the biggest lesson you learned this year?

Press 116

Business Lessons Often Ignored In The Heat Of Passion

Startup Professionals Musings

Most aspiring entrepreneurs are convinced that their idea and passion are so great that failure is not a possibility. They relate quickly to one of the big successes out there today, including Facebook, Airbnb, or Snap, and can give you a dozen reasons that they are in the same category. It’s a good way to get some inspiration, but not an accurate representation of reality.

Silicon Beach Report Dec. 24: Three LA-based STEAM Nonprofits Join Forces

L.A. Business Journal

Spiegel’s style analyzed by WSJ, three STEAM organizations team up, LA battery storage effort gets $100M

Boston A.I. Leaders Call for Focus on Diversity, Global Mindset in 2019

Xconomy

It was an eventful year for the artificial intelligence industry. The sector saw more big venture capital deals and acquisitions , while researchers kept plugging away on technology advances. Meanwhile, A.I. developers continued to grapple with issues around transparency, trust, and ethics. As part of Xconomy’s series of year-end posts , we asked a pair of CEOs of Boston-area A.I.

Reflections on 2018: Michael Jones, Science Inc.

socalTECH

Editor's note: All this week, and into the start of next year, we'll be 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. Today, we have a contribution from Michael Jones , the CEO of Science Inc. www.science-inc.com). What was the biggest lesson you learned this year?

MINDBODY Acquired For $1.9 Billion By Vista Equity

socalTECH

San Luis Obispo-based MINDBODY , the developer of spa, beauty, fitness, and other booking software and services, has been acquired by Vista Equity Partners , in a deal worth $1.9 billion, the two companies said on Christmas Eve. According to the two, Vista equity will pay $36.50 in cash per share for MINDBODY, a 68 percent premium on MINDBODY's closing price on December 21st.

Equity 109

Report: Snap Struggling, Due To Evan Spiegel

socalTECH

In a scathing report--published over the holiday weekend--the WSJ says that Venice-based Snap , the parent company of Snapchat. is "struggling after the CEO ignored warnings about a redesign that proved unpopular" saying that Spiegel's "imperious style" has caused users to flee from the service. READ MORE>>. snap snapchat evan spiegel

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Ares Buys Three Wind Farms In Texas

socalTECH

Los Angeles-based private equity investor Ares Management Corporation has acquired three, Texas wind farms, as part of an expansion of its renewable energy holdings, the company said last week. According to Ares, a fund managed by its Infrastructure and Power arm has acquired three operating utility-scale wind facilities in Texas, from BP Wind Energy North America. Financnial details of the asset acquisition were not announced.

Reflections on 2018: Andy Wilson, Alliance for SoCal Innovation

socalTECH

Editor's note: All this week, and into the start of next year, we'll be 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. Our first is with Andy Wilson of the Alliance for SoCal Innovation. Happy Holidays! What was the biggest lesson you learned this year?

SoCal 109

Reflections on 2018: Jim Andelman, Bonfire Ventures

socalTECH

Editor's note: All this week, and into the start of next year, we'll be 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 Jim Andelman of Bonfire Ventures. Happy Holidays! What was the biggest lesson you learned this year? Strategic investors can be such a double-edge sword.

SoCal 100

VCs May Face Backlash if Profits Come at Expense of Responsibility

Xconomy

Venture capital is, by nature, an optimistic industry, and venture capitalists have historically gone about their work comfortable that they were making positive societal contributions. When looking at VC activity over the past half century, one can see venture capital’s role in championing endeavors that advanced knowledge, improved health, increased worker productivity, and preserved natural resources.

CFOs: Prepare To Become Your Company’s Data Czar This Year

Xconomy

In mid-2018, Tom Bogan was the leader of business planning software company Adaptive Insights as it planned its own next steps. The Palo Alto, CA-based company was on the point of raising about $115 million in a June IPO that would have set its market value at around $705 million, according to PitchBook. But like Dustin Hoffman in “The Graduate,” the big enterprise software company Workday lured Adaptive Insights away from the IPO altar with a more attractive deal—a $1.55