Sat.Feb 23, 2019 - Fri.Mar 01, 2019

With a $3.5 million haul, Dray Alliance joins a booming logistics startup scene in LA

TechCrunch LA

With an angle on a long-neglected part of the shipping industry — the short-haul movement of cargo from docks to logistics centers — Dray Alliance is joining a growing startup scene for logistics businesses based in Los Angeles.

Techstars Studio CTO, In Irvine, Aims To Help Entrepreneurs

socalTECH

Southern California startup founder Isaac Saldana --who co-founded SendGrid --is hoping to help other entrepreneurs create companies , after the $3 billion, all-stock acquisition of SendGrid by Twilio in October. According to Techstars, it appointed Saldana Chief Technology Officer for Techstars Studio , which will help members of the the startup accelerator "rapidly envision, validate, and launch disruptive startups." Saldana is based in Irvine, where he co-founded SendGrid in 2009.

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Startups Ventura County: How to Pitch to Investors

SoCal Tech Calendar

Wednesday, March 6, 2019 -- How to Pitch to Investors. Russell Ficher Business Collection, Camarillo Library. For anyone starting or thinking about creating a startup, one of the most important parts of the process is pitching and looking for investors.

High Functioning vs. Low Functioning Startup Boards

Both Sides of the Table

I’ve sat on many boards over the past 2 decades and seen my share of high-functioning boards and low-functioning boards.

Verified Expert Lawyer: Andrew Erskine

TechCrunch LA

Andrew Erskine has developed his legal career along with the rise of the tech startup scene in Los Angeles. Today, as a partner at Orrick in its Santa Monica office, he works with companies large and small in the area and beyond.

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Would you sign a personal guarantee if you have investors?

Berkonomics

It’s a fact of life that a banker, lender or lessor will ask for a personal guarantee from the founder or entrepreneur most every time. But what if you’ve diluted your interest from 100% to something less than 50%? Should your investors expect you to carry 100% of the risk? The short answer is “yes.”

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How to Be a Good Board Member

Both Sides of the Table

I have been writing a series on how startup boards get selected, who sits on them and what to avoid. I will also delve into how to prepare for them, how to make the meeting effective and how to best follow up to make sure people take action.

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Global LAVA: Investing in Israeli Start-Ups

SoCal Tech Calendar

Thursday, March 7, 2019 -- Global LAVA: Investing in Israeli Start-Ups. Panelists: Liron Brish - CEO of Farm Dog; Liat Sade-Sternberg - CEO of fuse.it; Guy Katsovich, co-founder of Fusion LA. See [link] (more

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7 Tips for Biotech Companies Seeking Capital in a Volatile Market

Xconomy

Last year was a remarkable year for biotech companies going public. Not only did an unusually large number of biotech companies go public, but a significant number of early-stage biotech companies went public at premium valuations relative to their later-clinical stage peers.

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Phyn Ties With Insurer For Smart Water Assistant

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Los Angeles-based Phyn , which develops "smart home" technology to both monitor water usage and also help prevent major water damage, has inked a deal with an insurance company to offer up its technology to consumers. According to Phyn, it has linked with property and casualty insurer PURE Insurance , to offer up its Phyn Plus product as a discount to the insurance company's members. Size of the discount being provided to users was not announced.

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How to Prepare for a Board Meeting to Make Sure you Crush It

Both Sides of the Table

Most board meetings are administrative updates that accomplish very little other than inform board members about the performance of the company since the last board meeting.

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Newport Beach Investment

SoCal Tech Calendar

Thursday, March 7, 2019 -- Newport Beach Investment Networking Expo. Evening of investment networking at Fashion Island's Mariposa Restaurant as we bring together Southern California's top investment professionals to form new connections and discuss opportunities. See [link] (more

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Ex-Google CEO: New MIT College Could Help Shrink A.I. Talent Gap

Xconomy

Eric Schmidt believes we’re entering an era where artificial intelligence will underpin most facets of human life. But we don’t yet have enough people with the right skills to build that future.

Beanfields Gets Series B Round For Snack Brand

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Los Angeles-based food brand Beanfields , a manufacturer of vegan, gluten-free, non-GMO, kosher chips, said this week that it has raised a Series B funding round. The funding was led by PowerPlant Ventures, and also included NRV and Western Technology Investment. Size of the funding was not announced. PowerPlant Ventures acquired the majority ownership of Beanfields back in 2017. Beanfields' CEO is Arnulfo Ventura. READ MORE>>.

What Makes a Great Independent Board Member?

Both Sides of the Table

When you set up a board it is often initially a combination of the founders and the early investors. It can start 2–1 founders to investors and then sometimes moves to 3–2 but sometime around the A, B or C round the idea of “independent” directors comes up.

ACG101 Food Manufacturers and Distributors

SoCal Tech Calendar

Wednesday, March 6, 2019 -- ACG101 Food Manufacturers and Distributors. California's agriculture is the most productive and varied in the U.S., owing to the climate, topography, complex systems of water delivery and diverse population of growers in our state. This year, the ACG 101 annual Food and Ag program takes a look at a different aspect of this fertile industry: Manufacturing and Distribution. See [link] (more

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Is Your Wireless Infrastructure Provider Delivering?

Southern California Edison Blog

The world of telecommunications is expanding quickly as the cloud, 5G, the IoT, and other new technologies gain traction. The new dynamic is exciting, potentially lucrative, and extremely tricky. Where will capacity be needed?

PatientPop Launches New Comparison Tool For Healthcare Providers

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Santa Monica-based PatientPop , which develops healthcare practice management software, has rolled out a new product, aimed at helping independent healthcare providers compare themselves to other local competitors. According to PatientPop, its new tool--the PatientPop Competitive Scanner --helps businesses compare their business growth to the top three competitors in their local market.

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How to Stop Your Board Meeting from Going Down a Rat Hole

Both Sides of the Table

Photo by Filipe Delgado from Pexels We’ve all been in meetings that get off track?—?sinking sinking ever down the proverbial “rat hole,” from which rescue feels impossible. How does it happen? And how can you avoid it? This is part of a series on Managing Boards.

SPECIAL REPORT: 2019 Biopharma Outlook – Facing an Uncertain Future

Xconomy

After years of boom times, the U.S. biopharmaceutical industry is dealing with unprecedented threats on several fronts: public backlash against high drug prices, slowing sales, and the possibility of more government regulation.

RealtyMogul Sells Loan Underwriting Software Technology

socalTECH

Los Angeles-based real estate crowdfunding site RealtyMogul says it has sold some technology it has developed at its research and development lab, to another company. According to RealtyMogul, it has sold the proprietary loan underwriting software it developed in its labs to Hunt Real Estate Capital , in an all-cash transaction. Financial terms of the sale were not announced.

Fisker Adds Former U.S. Representive Dick Gephardt As Advisor

socalTECH

Los Angeles-based Fisker , the newly reborn electric vehicle manufacturer led by Henrik Fisker, said on Monday that it has added former U.S. Representative, Richard (Dick) Gephardt as an advisor to the company. Gephardt, who previously was a member of the board of Ford Motor Company, has been a consultant to Fisker over the last five months, according to the firm. Gephardt is head of his own firm, Gephardt Group, which provides consulting services in the area of labor relations and public policy.

Inseego Ties With Ericsson On 5G Networking

socalTECH

San Diego-based Inseego , which develops wireless hotspots and other related technology, said it has partnered with Ericsson to bring new 5G NR (New Radio) products to the market. According to Inseego, it is launching a set of 5G NR products in 2019, which will provide high-performance 5G mmWave and sub-6GHz mobile and fixed wireless solutions for worldwide deployments. Financial details of the deal with Ericsson were not announced.

Report: Ring Doorbell Vulnerability Allowed For Video Injection

socalTECH

Cybersecurity experts have uncovered a vulnerability--now patched--which would have allowed hackers to both view and inject their own video into the Ring Video Doorbell, developed by Santa Monica-based Ring.

Jet Edge International Raises $60M For Aviation Services

socalTECH

Van Nuys-based Jet Edge International , a provider of aircraft management and private jet charter services, said this week that it has raised $60M in a equity and debt funding round. The funding was led by Los Angeles-based private equity investor Solace Capital Partners. The company said it will use the funding to fund strategic initiatives. Jet Edge says it currently manages more than 50 large-cabin and super-midsize aircraft. Jet Edge is led by CEO Bill Papariella. READ MORE>>.

Taoglas Rolls Out New LTE Antennas For DAS

socalTECH

San Diego-based antenna developer Taoglas , which develops antennas for the Internet-of-Things and automotive markets, said that it has launched a new line of MIMO LTE antennas, used for indoor distribution antenna systems (iDAS). According to the company, the new antennas are designed for DAS systems improving connectivity for indoor locations such as office buildings, stadiums, conference centers, shopping malls, hotels and other locations.

Zadara Enhances Cloud Storage Product On AWS

socalTECH

Irvine-based Zadara , which develops cloud-based, data storage products, said it has enhanced its Virtual Private Storage Arrays product running on Amazon Web Services (AWS). According to the company, its product now allows AWS users to create virtual private storage arrays of any size up to 288 terabytes, selecting their own mix of flash, hard drives, NAS, SAN, CIFS, and other options.

Report: Faraday Future Now Has 11 Lawsuits Filed Against Firm

socalTECH

A new report says that there are now a total of 11 lawsuits filed against troubled Los Angeles-based electric car maker Faraday Future , as it struggles to restart its operations after massive layoffs after its main investor, Evergrande Health, pulled its support from the firm. The lawsuits--filed against the company by its suppliers and contractors-- reportedly seek nearly $80M in back payments, damages, and fees, mostly over unpaid bills.

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SpaceX Set To Launch Crew Dragon Test Flight On Saturday

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In an important move towards launching astronauts into space, Hawthorne, California-based SpaceX is getting set to launch an important, test flight of its Crew Dragon on Saturday, from Florida. The first Crew Dragon spacecraft was rolled out onto Launch Pad 39A at the Kennedy Space Center on Thursday, where it is now being prepped for an early Saturday morning launch.

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Verimatrix Acquired By InsideSecure For $147M

socalTECH

San Diego-based Verimatrix , a developer of security software for video service providers, set top-box providers, and others, has been acquired by French company Inside Secure , according to Inside Secure. Inside Secure paid $138.1M in cash, plus up to $9.8M in escrow to cover potential post-closing adjustments and earnout. According to Inside Secure, the two companies have a complementary, large global customer base across the entertainment, mobile, and IoT industries.