Sat.Jun 15, 2019 - Fri.Jun 21, 2019

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Element Biosciences Lands $15M to Develop New Genetic Analysis Tools

Xconomy

Most of the genetic analysis done today is performed on machines made by Illumina, the DNA sequencing giant. Now a former director from the company is leading a startup that has raised $15 million to develop new genome sequencing tools. San Diego’s Element Biosciences said Tuesday that it had secured a Series A round led by Foresite Capital, a healthcare and life sciences venture capital firm based in San Francisco, and Silicon Valley’s Venrock.

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Nimble Rolls Out Major Upgrade To CRM Tool

socalTECH

Los Angeles-based cloud customer relationship management (CRM) software developer Nimble rolled out a major upgrade to its sofwtare this week, saying it added major updates to its contact records, added granular activity tracking, contact privacy, and integration with Office 365, Power BI, and Azure. According to the company, the changes also add two way synchronization with hundreds of business apps, new ways to track activities such as calls, tasks, and events, and more.

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How much do you spend on R&D? Is it enough?

Berkonomics

Why do profitable, mature businesses die away? One of the most obvious reasons mature businesses die away – when we look in the rear view mirror – is that they did not spend to renew their product or service when newer entrants into the business arrived with better products and services built upon newer technology. Should be an easy fix for companies making annual net profit.

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Dave Inc. Raises $110 Million, Launches Banking Business

L.A. Business Journal

Santa Monica-based Dave Inc., developers of a financial management mobile app designed to prevent bank overdrafts, announced June 19 a $110 million debt funding raise.

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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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UC Irvine Summer Academies in the Arts

SoCal Tech Calendar

Monday, June 24, 2019 -- UC Irvine Summer Academies in the Arts. UC Irvine's Claire Trevor School of the Arts presents Summer Academies in the Arts - college and career preparatory intensives in Art, Dance, Drama, Music and Technology for students ages 8-22 years old. Classes run through August 16, 2019. Scholarships and financial aid are available!

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Interview with Minnie Ingersoll, TenOneTen Ventures

socalTECH

What's the hardest part of being a startup entrepreneur? Minnie Ingersoll , who recently joined Los Angeles-based venture capital investment firm TenOneTen Ventures (tenoneten.net), gives some great advice to entrepreneurs, on the biggest struggles for entrepreneurs, based on her most recent experience in starting Shift.com, an online used car marketplace, and also tells us about her recent move to venture capital here in Southern California.

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Greycroft Leads $8 Million Enboarder Series A

L.A. Business Journal

Downtown headquartered venture capital firm Greycroft Partners led a $8 million Series A round for Austin, Texas-based human resources software developer Enboarder Inc.

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First Time Entrepreneur Workshop 6/22/19

SoCal Tech Calendar

Saturday, June 22, 2019 -- LAVA First Time Entrepreneur Workshop. LAVA is extremely pleased to announce its next First Time Entrepreneur training program. The program is open to entrepreneurs that are starting companies in areas that are likely to draw venture capital investment. The program is not open to service providers. You are encouraged to apply today for one of the 25 slots open in our workshop.

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Digital Map Products Acquired By LightBox

socalTECH

Irvine-based Digital Map Products , a developer of mapping and location tools used by enterprise and government customers, has been acquired by LightBox , a provider of real estate information products. Financial terms of the deal were not announced by the companies. The deal had been announced in May. Digital Map Products was owned by private equity investor Silversmith Capital Partners, and had over 160 employees.

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5 Reasons Business Leaders Are Short On Relationships

Startup Professionals Musings

If you are a business professional or owner today, success is more and more about relationships. People relationships are the key to career growth, more than results, and customer relationships build brands, rather than the other way around. In this era of communication overload with many misleading messages, we have learned to count first on the people we know well, even virtually.

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SpinLaunch Wins First Department of Defense Contract

L.A. Business Journal

Long Beach-based aerospace firm SpinLaunch Inc. announced June 20 that it had won a contract from the Department of Defense to develop a small satellite launch system prototype.

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Locana, Fueled With $55M, Looks to Develop Fixes for Faulty RNA

Xconomy

Editing human DNA has entered the public consciousness in a big way in recent years with its increasing use in laboratories— and, in recent news that shocked the scientific community, in embryos —of tools such as CRISPR-Cas9. Locana, a gene therapy biotech in San Diego, is taking what it describes as a “parallel path” to developing therapeutics that could potentially fix diseases by changing our genetic code through altering DNA’s molecular compatriot, RNA.

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Kairos Ventures Raises $24.6M In First Close Of New Fund

socalTECH

Beverly Hills-based Kairos Ventures , a venture capital investment firm which focuses on commercialization of scientific advances, has raised $24.6M in the first close of a new fund, Kairos Venture Opportunities I, L.P. , according to a regulatory filing from the firm this week. The fund is targeted at an overall capitalization of $100M, per those regulatory documents.

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5 Key Attributes That Foretell New Venture Survival

Startup Professionals Musings

Every startup wants to be a predictable success, yet so few ever achieve this enviable position. In reality, getting there is not a random walk, and requires an understanding of the stages that every business must navigate and the organizational characteristics necessary at each stage. Les McKeown, in his book from a while back, “ Predictable Success ” outlines these stages and characteristics for any business.

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Silicon Beach Report June 20: SpinLaunch Wins Defense Department Contract

L.A. Business Journal

Quibi gains over $100 million in ad bookings; TenOneTen Ventures backs Probably Genetic; Defense Department Offers SpinLaunch Contract

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ATandT SHAPE Conference

SoCal Tech Calendar

Saturday, June 22, 2019 --.

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Semtech Deploys At Istanbul Airport

socalTECH

Camarillo-based semiconductor developer Semtech Corporation , the developer of the LoRa wireless, radio frequency technology, has deployed its technology at the Istanbul Airport, in a win with Turkish Internet-of-Things developer Skysens Teknoloji AS. Semtech did not say how much the deal was worth, but says its devices and technology is being used for smart asset tracking for thousands of assets at Istanbul Airport.

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5 Elements Of Innovation That Are Not Product Related

Startup Professionals Musings

Having a breakthrough idea or technology alone does not assure business success. “ If we build it, they will come ” may have worked as a movie theme for Kevin Costner, but as an investor, I tell entrepreneurs a great solution is not enough. Successful businesses require innovative people, who have built an abundance of innovation capital, to win support and resources for their ideas.

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Silicon Beach Report June 17: Sunbit Secures $26 Million

L.A. Business Journal

SpaceX considers bid on NASA lunar supply mission; Survios expands VR game offerings; Sunbit finds $26 million

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Rise, Acquisition and Growth of Pluto TV

SoCal Tech Calendar

Tuesday, June 25, 2019 --.

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TenOneTen Ventures Backs Probably Genetic

socalTECH

Los Angeles-based venture investor TenOneTen Ventures is one of the investors in a newly launched startup, which is looking to use artificial intelligence and DNA testing to identify autism and other medical conditions. According to Probably Genetic , it has raised a round of venture capital funding from Khosla Ventures, TenOneTen Ventures, the Oxford Angel FUnd, as well as angels.

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How To Be A Business Leader As Well As Thought Leader

Startup Professionals Musings

By definition, most entrepreneurs are thought leaders. They have the ability to recognize a market need, the skills to design and implement a solution, and the drive to start a business from that solution. It all comes from within themselves. A business leader does the same thing and more, through the people around them. Most entrepreneurs are not both.

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Silicon Beach Report June 21: Kairos Ventures Closes $24.6 Million First Fund

L.A. Business Journal

Falcon Heavy, LightSail prepare for launch; Bird banned in Nashville; Kairos raises $24 million fund

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Preccelerator Class 11 Demo Day

SoCal Tech Calendar

Tuesday, June 25, 2019 --.

Class 100
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Elevate Finds $25M For Legal Management Software

socalTECH

Los Angeles-based Elevate Services , a developer of enterprise, legal management software, has received $25M in an investment round, from private equity investor Kayne Partners, according to the two companies. According to Elevate, it has now deployed almost $60M in total for its efforts. Elevate said it will use the new, minority investment to scale its operations and to enhance its software.

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7 Societal Changes That Invite New Venture Innovation

Startup Professionals Musings

If every entrepreneur could predict the future, starting the right new business would be easy. Since my experience and interests have been primarily with technology, I’ve been watching those trends for a long time, and I see rapid change, but predicting impact is a challenge. Recently I’ve changed my focus a bit to people demographics, and I find the implications a bit more concrete.

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Silicon Beach Report June 19: Overdraft Protection App Developer Raises $110 Million

L.A. Business Journal

Greycroft backs Enboarder again; Happy Returns selects new chief revenue officer; Dave Inc.

Develop 100
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ATandT SHAPE Conference

SoCal Tech Calendar

Sunday, June 23, 2019 --.

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Verify Expands In Germany

socalTECH

Irvine-based Verify , a provider of supplier performance management solutions for aerospace, high-technology, and other industries, said it has established a new, European subsidiary in Hamburg, Germany. According to Verify, its new subsidiary, Verify Deutschland GmbH will provide its full suite of solutions. Verify says it has been in Europe for over 40 years, but that the new subsidiary will provide a "significant and strategic" expansion of its capabilities in Europe.

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Oncolytics Bio Tacks On Cancer Combo Study with Merck KGaA, Pfizer

Xconomy

There’s a speed dating game of sorts happening as pharmaceutical companies that have approved cancer immunotherapies are testing their medications in combination with experimental drugs in hopes of reaching more patients. San Diego’s Oncolytics Biotech (NASDAQ: ONCY ) has been an active participant in those combination efforts, with multiple pharmaceutical companies pairing its lead drug candidate, an oncolytic virus—which can infect and kill tumor cells, according to the National Cancer I

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Silicon Beach Report June 18: Elevate Secures $25 Million

L.A. Business Journal

HipDot finds $2.

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Jarrod Russell, Executive Director, Transitions to Bay Area

Startup San Diego

The post Jarrod Russell, Executive Director, Transitions to Bay Area appeared first on Startup San Diego.

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Airgain Launches Testing Lab For 5G mmWave Products

socalTECH

San Diego-based antenna technology developer Airgain says it has opened up a new, testing laboratory to specifically help in the development of new, 5G, millimeter wave (mmWave) products. According to Airgain, its new testing laboratory is designed for millimeter radio performance testing and validation from 24 GHz to 65 GHz, and has the capability to test the full range of mmWave systems including small cells, enterprise access points, fixed wireless access, and CPE (consumer premise equipment)

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Bio Roundup: Array Bio Acquired, IPO Spree, Sanofi’s Job Cuts & More

Xconomy

Cancer remains one of the hottest areas for pharma deals and this week saw a big one: Pfizer’s proposed $11.4 billion buyout of Array Biopharma. The announcement comes less than a month after Boulder, CO-based Array announced positive data from a pivotal study of its combination drug in colorectal cancer. Array has told investors that its top priority is maximizing the success of the combination, Braftovi and Mektovi.

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Sonos Sues Lenbrook Industries Over Patent Infringement

socalTECH

Santa Barbara-based whole home music system developer Sonos has sued Lenbrook Industries Ltd , the parent company of Bluesound Wireless Music Systems , over patent infringement, according to a court filing. According to a filing in the U.S. District Court for the Central District of California, Sonos sued Lenbrook Industries Limited and Lenbrook America Corp. alleging patent infringement.

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Wavemaker Three-Sixty Health Hits 20 Investments

socalTECH

Wavemaker Three-Sixty Health , the healthcare startup investment fund led by Jay Goss, has now completed 20 early stage healthcare investments, after approximately one year of making investments, the fund said this week. According to the fund, 9 of the 20 investments it has made are Southern California companies, including Nicolette , Joany , Onramp Bio , Seqonce , Giblib , Evid Science , Health Tensor , Advekit , and Focus Motion.

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