Sat.Jan 17, 2009 - Fri.Jan 23, 2009

Los Angeles Tech Launched - Hot List

SoCal CTO

I'm happy to announce the launch of the Los Angeles Tech Content Community. This is the beginning of a content community that collects and organizes the best content from blogs and web sites. The goal is to create a place where it's relatively easy to find current content and highly relevant content surrounding Los Angeles Technology. To be clear Los Angeles Tech is a jump off point. The content comes from other places. This is mostly from bloggers, but also from pages being included by members.

Building Value in a Company

Ask the Angels

[Editor’s Comment] In a previous post, we mentioned recently meeting Dr. Tom McKaskill (aka Dr. Exit) and were impressed with the vast knowledge and wisdom he’s shared over the years with entrepreneurs and startup companies around the world. Beginning with today’s post, we’d like to welcome Tom as a regular contributor. Check out his website at www.TomMcKaskill.com.

Trending Sources

Southern California Venture Totals Drop in Q4

socalTECH

PricewaterhouseCoopers and the National Venture Capital Association (NVCA) released their 2008 Q4 MoneyTree Report this evening, reporting that $28.3 billion was invested in 3,808 deals in the fourth quarter of 2008.

Accessing Government Funding for Research

SoCal Tech Calendar

Thursday, January 29, 2009 -- "Accessing Government Funding for Research: Partnering for Success in Challenging Economic Times" Southern California Biomedical Council. Numerous U.S. government agencies provide funds, such as SBIR and STTR grants, to small biotech and medical device firms in support of their RandD and commercialization activities. Such grants offer non-dilutive funding, confer validation from peers, and provide invaluable feedback from experts.

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How To Thrive, Not Just Survive

SoCal Tech Calendar

Thursday, January 29, 2009 -- "Learn How To Thrive Not Just Survive In 2009" Tritech SBDC. Contact Susan Terberg at susan.terberg@rcc.edu.

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How to Pick a Partner

Alon Schwartz

Last night Jason Nazar, my partner and CEO of Docstoc hosted a session on 10 mistakes people make when starting a business. The event was greatly received and I believe was very helpful. In the Q&A session someone asked about how to split equity between partners. Although I briefly addressed this at the session as well, I think the bigger question is how to find the right partner. Having the right partner can greatly help at challenging times like equity splits. What is a Partnership?

Zag Raises Funding

socalTECH

Santa Monica-based Zag , which has developed an automobile configuration and buying service for affinity organizations like credit unions and automobile organizations, has a funding round of undisclosed size.

Zag Raises $32.4M

socalTECH

Santa Monica-based Zag , which has developed an automobile configuration and buying service for affinity organizations like credit unions and automobile organizations, has raised around $32.4M in a funding round.

Overland Looks Toward Services, Creates Solutions Group

socalTECH

San Diego-based Overland Storage is looking beyond hardware, and into services, saying Thursday that it has created a new Solution Engineering Group.

mEgo Raises $2.5M

socalTECH

Los Angeles-based mEgo, which operates a service which allows users to create a portable, online profile or "avatar," has raised $2.5M in an angel round, the firm's co-CEO, Julia Johnston, told us Wednesday evening. The angels involved in the new funding round were not disclosed.

NonStop Riot Gets Series B

socalTECH

Hollywood-based NonStop Riot said Wednesday that the firm has raised a Series B funding round from North Venture Partners. Amount of the funding was not disclosed. The firm helps musicians connect with brands.

Geni Enhances Stats, Adds Gift Subscriptions

socalTECH

Los Angeles-based Geni, an online genealogy and social networking site, upgraded the firm's services last night, adding new statistics features and gift accounts.

Abraxis BioScience Names VP

socalTECH

Los Angeles-based Abraxis BioScience announced this morning that it has named Lex H.T. Van der Ploeg, Ph.D., as Senior Vice President of Integrative Medicine and Translational Science at its new spinoff, Abraxis Health.

QLogic Targets Infiniband

socalTECH

Aliso Viejo-based Qlogic said Tuesday that it is targeting the Infiniband market with a new channel program.

Nirvanix Taps Storage Veteran For Sales

socalTECH

San Diego-based Nirvanix has hired on a storage veteran as VP of Sales, saying today that Joseph Lyons has joined the firm. Lyon joins the company from Brocade Communications, where he was Director of Services Sales for the Americas.

S3 2

Geni, Yammer Both Raise Funding

socalTECH

West Hollywood-based Geni, and instant messaging spinout Yammer have both raised $5M in funding from the firms' existing backers, Charles River Ventures and the Founders Fund, according to regulatory filings and reports.

Sony Online Entertainment Buys Game Studio

socalTECH

San Diego-based Sony Online Entertainment announced Monday that it has acquired PoxNora, an online collectible strategy game, and other assets, from Octopi LLC. Octopi is based in Tucson, Arizona.

AWR Acquires Simulation Software Firm

socalTECH

El Segundo-based AWR, a developer of electronic design automation software, has acquired a Wisconsin firm developing RF and microwave simulation software, the company disclosed this morning. AWR said it has acquired Simulation Technology and Applied Research, Inc.

Active Network Buys ReserveAmerica

socalTECH

San Diego-based Active Network, which operates a network of online sites focused on community and sports organizations, has acquired ReserveAmerica, a provider of campground reservations, owned by IAC. According to IAC and Active, IAC will sell 100% of its capital stock in ReserveAmerica Holdings, Ltd. to Active in exchange for approximately 3.5 million sharse of Active, convertible preferred stock. The move will make IAC a 9 percent owner of The Active Network.

OCTANe's Augusta To Leave

socalTECH

Orange County's effort to boost startup and high tech companies, OCTANe, is losing its President and CEO, Gary Augusta, and has retained an executive search firm to find a replacement, the group said Thursday. In a letter to OCTANe's mailing list, Augusta said that the organization has started a search for his successor, and retained Spencer Stuart to run a formal search. Augusta will continue to serve as CEO until a new CEO is found.

SkinMedica Files Patent Lawsuit

socalTECH

San Diego-based SkinMedica, which develops cosmeceuticals for the skin care market, said today that it has filed a patent and trade secret action against competitors Histogen,Inc., Histogen Aesthetics, LLC, and Dr. Gail Naughton, founder, President, and CEO of Histogen. According to SkinMedica, those firms are infringing on two patents held by the firm, U.S. Patents 6,372,494 and 7,118,746.

Autobytel Abandons Sale Efforts

socalTECH

Irvine-based Autobytel said late Thursday that it is ending its "evaluation of strategic alternatives" and a possible sale of the firm. According to the firm, the firm has concluded that "shareholder value would not be maximixed by a sale of the company" in the current market. Autobytel said it continues to look at other strategic alternatives with RBC Capital Markets, the investment bank advising it in the effort.

DOMAINfest Global

SoCal Tech Calendar

Thursday, January 29, 2009 -- DOMAINfest Global. DOMAINfest offers an agenda designed for advanced and intermediate/beginner domain investors. Discussions will include finance, buildouts, corporate branding, regulatory environment and the aftermarket. See [link] (more

Venture Capital Outlook 2009

SoCal Tech Calendar

Thursday, January 29, 2009 -- Venture Capital Outlook 2009. San Diego Venture Group. Lots of changes are in store for 2009: A new President and Cabinet; fresh initiatives and priorities around renewable and clean energy; revised infrastructure investments; and innovative approaches to tax and regulatory policies that are bound to impact many industries. How will these shifts influence the venture capital landscape?

Accessing SBIR/STTR Funding for Research

SoCal Tech Calendar

Thursday, January 29, 2009 -- SoCalBio Workshop on Accessing SBIR/STTR Funding for Research. Attend this workshop to sharpen your grant-writing skills and learn how to tap various government funding opportunities from such sources as the NIH, NSF, DoD and Energy Department, to support your RandD efforts. See [link] (more

Growth Capital Conference

SoCal Tech Calendar

Thursday, January 29, 2009 -- Growth Capital Conference. Network with capital sources, advisors, deal makers and 50 entrepreneurs seeking capital and counsel. See [link].

Qualcomm Snags Exec From Handango

socalTECH

San Diego-based Qualcomm announced Thursday afternoon that it has hired on Bill Stone as Senior Vice President and President of the firm's FLO TV unit. Stone was most recently CEO of mobile content developer Handango, and has also served at GTE Wireless, AirTouch Cellular, Vodafone, Verizon and Amp'd Mobile. Stone replaces Gina Lombardi.

Access 360, Endemol Partner On Series

socalTECH

Los Angeles-based Access 360 and production company Endemol USA said Thursday that the two firms have partnered on a new series, which will run on Access 360's media network. Access 360, develops content for in-store, retail media displays for retailers such as f.y.e., said will run a new series called Waiting for a Ride, which will focus on friends looking for the "West Coast's best waves." The new series will run on Access 360's retail screens, and will be supported by sponsors.