Sat.Feb 16, 2019 - Fri.Feb 22, 2019

Audi’s new V2I feature helps drivers hit every green light

TechCrunch LA

Audi has added a new feature to the vehicle-to-infrastructure technology embedded in its newer models that’s designed to help drivers catch every green light. The tech, called GLOSA or Green Light Optimized Speed Advisory, is part of the automaker’s built-in traffic light-reading technology. And Audi says it’s the first automaker to include this GLOSA feature in its cars.

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Tapatalk Turn To Blockchain To Monetize Forum Content

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Santa Monica-based Tapatalk , which develops a popular mobile application to allow users to access and read online forums, is turning to Blockchain in an attempt to reward content creators. According to Tapatalk, its "Gold Points" reward system--which rewards forum content creators based on pageview or ad impressions--will now be powered by blockchain technology. Tapatalk said its adoption of blockchain will make "micro-payments" more feasible.

The One Thing That Great Leaders Understand

Both Sides of the Table

One Thing That Great Leaders Understand I was scanning Twitter this past week and I came across these great Tweets by Michael Seibel at Y Combinator. When I was young I thought management was about distribution/delegation of responsibilities.

Oh, go ahead and ask for a five-million-dollar investment in your startup.

Berkonomics

I cannot tell you how many times I have seen executive summaries of business plans in which the entrepreneur seeks $5,000,000 to build the business. Four reasons you should reconsider.

Timing and why we’re all VCs

TechCrunch LA

Timing is the single most valuable skill of the modern economy, but I would argue its’s the least understood and also the least practiced. Capitalism is fundamentally about timing, since market competition is about finding opportunities before others. When should you start a company?

Portfolium Acquired By Instructure

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San Diego-based Portfolium , a startup developing tools to allow students to showcase their achievements, projects, and other portfolio of academic work to potential employers, has been acquired by educational software provider Instructure , the two announced late Tuesday. Financial details of the acquisition were not announced. Portfolium was founded in 2014, and was led by founder and CEO Adam Markowitz.

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With New Data, Intercept On Track for First-Ever Approved NASH Drug

Xconomy

The first-ever marketed medicine for the fatty liver disease known as nonalcoholic steatohepatitis, or NASH, could be on the horizon. The data, from a closely watched drug known as obeticholic acid, aren’t perfect.

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Building a Bigger Competitive Future

SoCal Tech Calendar

Wednesday, February 27, 2019 -- Building a Bigger Competitive Future. Russell Fischer Business Collection - Camarillo Public Library. Brand strategist Derrick Daye shares the requirements of building a bigger competitive future for brands in an over-communicated, over-competitive and uncertain marketplace. Attendees will learn what is needed to compete and win, how to identify and grow their advantage and how to move their brand from easy to compare to beyond compare.

Loop Media Buys ScreenPlay

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Burbank-based streaming video startup Loop Media announced on Thursday that it has acquired ScreenPlay , a video service provider which licenses videos for use in such locations as Hard Rock Cafes, Norwegian Cruise Line, Yard House, Buffalo Wild Wings and Margaritaville. Financial details of the cash-and-stock deal were not announced. Loop Media said the deal will provide it with a "deep library" and licensing rights to over 200,000 music videos and film, game, and TV trailers.

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Startup Boards

Both Sides of the Table

Startups that are backed by professional financial investors almost always have a Board of Directors that consists of some set of founders, investors and sometimes independent directors.

Software Startup Portfolium Acquired by Salt Lake City’s Instructure

Xconomy

The software of Portfolium, a San Diego startup that hosts online portfolios for students trying to showcase their achievements to potential employers, is set to join the portfolio of Utah educational software company Instructure. Instructure (NYSE: INST ) has agreed to acquire privately held Portfolium. No financial terms of the deal, which was announced Tuesday, were disclosed.

COB Incubator: Launching Your Business

SoCal Tech Calendar

Tuesday, February 26, 2019 -- Launching Your Business. CSULB Beach Incubator. See [link] (more

Famous Birthdays Hits 20 Million Monthly Uniques

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Los Angeles-based Famous Birthdays , the online site which lets users look up the birthdays and other information on famous people, said it has surpassed 20 million monthly unique users, as of January. The site also said it saw an additional, 2 million unique users to Famous Birthdays Espanol. Famous Birthdays is led by Evan Britton. The company also recently launched a new video feature and trivia features on its site. READ MORE>>.

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This is the Dumbest Op Ed I’ve Read in a While

Both Sides of the Table

I understand that Adam Grant is a fairly popular professor at Wharton and has a book that some people loved called “Originals” (for me it interesting but not mind blowing, and I have some first-hand knowledge of some of its inaccuracies).

Bio Roundup: NASH News, Merck Strikes, Digital Tokens & More

Xconomy

The growing epidemic of the fatty liver disease known as NASH, which has no FDA-approved treatment, has led to a frenzied race among drug companies. This week, one company, Intercept Pharmaceuticals, solidified its lead. But how much will being first to the finish line mean when all is said and done? Intercept (NASDAQ: ICPT ) reported interim data from a Phase 3 study showing its drug, obeticholic acid (OCA), reduced liver scarring in NASH patients.

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Google Apps: Tools for Collaboration, Time and Tasks Management, and More

SoCal Tech Calendar

Tuesday, February 26, 2019 -- Google Apps: Tools for Collaboration, Time and Tasks Management, and More. Russell Fischer Business Collection, Camarillo Library. In this workshop, Matthew Moran, introduces you to a variety of Google applications, demonstrates critical features, and provides an overview of how they work together for both the individual, and more importantly, as a way to share information efficiently and securely. See [link] (more

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BlackLine Names New CTO

socalTECH

Los Angeles-based BlackLine , which develops financial controls and automation software, says it has named a new Chief Technology Officer. According to BlackLine, it has named Peter Hirsch as its new CTO, to head up the technology direction of its cloud software platform.

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Should All of Management Attend Board Meetings?

Both Sides of the Table

Should All of Your Management Team Attend Board Meetings? The age old question for every startup is whom to involve in the board meeting.

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Should You Allow “Board Observers” on Your Startup Board?

Both Sides of the Table

Should You Allow Board Observers on Your Startup Board? Photo by Antenna on Unsplash A board observer is somebody who attends your board meeting but doesn’t have a voting right. There are also certain points in a board meeting where you can ask the board observers to step out of the room unless they’ve negotiated specific rights that preclude this. Why do board observers exist?

DTS Signs CJ 4DPLEX For Immersive Audio

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Calabasas-based DTS , and cinema technology provider CJ 4DPLEX announced this week that CJ 4DPLEX will use the DTS:X immersive audio technology to theaters worldwide, in a deal which will incorporate the DTS:X technology into the CJ 4DPLEX ScreenX theater technology. Financial details of the deal were not announced. According to the two, starting sometime this year, DTS will work with ScreenX and exhibitors to implement its DTS:X technology into ScreenX locations.

Arrowroot Backs ParkHub In $13M Funding

socalTECH

Santa Monica-based private equity investor Arrowroot Capital is the lead investor in a funding round for parking technology developer ParkHub , in ParkHub's first instituional funding. ParkHub said it raised $13M in a series B funding round, which was led by ArrowRoot Capital, and which will go towards sales and marketing, plus product development. According to the company, the funding is its first institutional funding round.

Semtech Wins Mining Equipment Developer

socalTECH

Camarillo-based semiconductor developer Semtech says it has signed up a maker of mining equipment to use its LoRa wireless networking technology. According to Semtech, Transco Industries, a developer of mining conveyer equipment, has implemented its LoRa devices and wireless radio frequency technology into its conveyer belt applications, for safer monitoring of those devices. Financial impact of the win were not announced. READ MORE>>.

Hub101 Offers Up Private Offices At Coworking Space

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Westlake Village-based Hub101 , the startup coworking space which is associated with California Lutheran University, says it has begun offering up private office suites. According to Hub101, the suites start at $1299 per month, for a two-desk, lockable office. The rest of the space offers up a shared, open floor plan. Hub101 is a frequent space for technology industry gatherings along the 101 corridor. READ MORE>>. hub101 coworking startup technology

Elves Tackles Travel Booking With AI, Human Assistance

socalTECH

A new, Los Angeles startup-- Elves --said this week that it has launched a new service, aimed at helping users tackle travel booking, using both artificial intelligence and real human beings. According to Elves, it has just launched an app and booking platform, which lets travelers book and change flights via "real, human" travel companions backed by AI technology.

Cylance Expands Endpoint Protection Software To AWS Marketplace

socalTECH

Irvine-based cybersecurity software developer Cylance says it has extended its artificial intelligence driven, endpoint protection software, CylancePROTECT, to the AWS Marketplace. AWS Marketplace is Amazon's marketplace for business software that runs on the Amazon Web Services (AWS) cloud computing infrastructure. According to Cylance, the deal will make it easier for customers to find, procure, and install its AI technology on AWS instances.

Startups Optimistic About Business Conditions, Despite Uncertainty, Says Report

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A new report issued today by Silicon Valley Bank, says that startups are generally optimistic about their business opportunities, and they plan to raise capital and expand their workforces this year, despite "economic and political" uncertainty across the globe. The Startup Outlook Report--which was issued on Wednesday--polled 1,400 startup founders and executives for its conclusions.

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Urovant Sciences Gets $100M In Debt Funding

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Irvine-based Urovant Sciences , which is developing biopharmaceuticals for treating urologic conditions, said late Friday afternoon that it has entered into a deal for up to $100M in debt financing, from Hercules Cpaital. According to the company, the new funding will go towards ongoing development of its lead compound vibegron, for business development opportunities, and for general corporate purposes. Urovant is led by Ceo Keith A. Katkin.

Virgin Galactic Sends Three Into Space

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Mojave-based Virgin Galactic , which is developing space vehicles aimed at delivering tourists into space, completed another test flight on Friday, sending three people into space for its second, official space flight. According to Virgin Galactic, the fifth powered test flight sent the VSS Unity to its highest speed and altitude so far, carrying Chief Pilot Dave Mackay and co-pilot Michael "Sooch" Masucci, plus Beth Moses, Virgin Galactic's Chief Astronaut Instructor to 295,007 feet.

Boingo Names New CEO After Longtime Head Dave Hagan Retires

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Los Angeles-based wireless services provider Boingo Wireless said on Thursday afternoon that it has named a new CEO, appointing Mike Finley, an existing member of the company's board of directors, as CEO of the company. Finley will remain on the board. According to Boingo, Finley replaces current CEO and Chairman Dave Hagan, who the company said had announced his desire to retire after serving for 17 years with the company. Hagan will continue to serve on Boingo's board of directors.

The Action Network Finds $17.5M For Sports Betting Media

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Los Angeles-based The Action Network , a sports media company which provides content, tools, and analytics for sports betting fans, has raised $17.5M in a Series B funding round, the company said on Thursday.