Sat.Sep 07, 2019 - Fri.Sep 13, 2019

Cabin Revamps Bus Rides From LA To San Francisco

socalTECH

Cabin , the startup which has been running overnight trips on luxury buses between Los Angeles and San Francisco--aiming at digitally connected, tech-savvy consumers looking to move between the technology hubs--has re-launched its service, saying that it has "completely re-engineered" its buses and services.

Acadia Stock Jumps on Positive Dementia-Related Psychosis Drug Data

Xconomy

An Acadia Pharmaceuticals drug that’s already approved for psychosis associated with Parkinson’s disease could soon be heading to an FDA review to expand the use of the drug to dementia patients.

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Workout app Fitplan adds Alex Rodriguez as a trainer… and an investor

TechCrunch LA

Former New York Yankees all star Alex Rodriguez is racking up quite an impressive batting average in his new career as an investor and has added Fitplan to his roster of portfolio companies. The Los Angeles-based workout app launched by Landon Hamilton and Cam Speck has closed on $4.5 million led by A-Rod and Corazon Capital, and has added new celebrity athlete trainers — including Rodriguez — to cover the needs of would-be sports stars and interested amateurs alike.

Uber Pulls JUMP Scooters From San Diego

socalTECH

Uber has pulled the on-demand JUMP scooters it runs in San Diego from the city this week, over frustration over the city's new rules over dockless scooters, which include permits, fees, and data sharing requirements. Those new rules--which include a fixed fee over around $5000 and per-scooter charges of around $150 per device--is an attempt by San Diego to rein in rampant scooters in the city.

At Big Lung Cancer Meeting, Lights Shine on KRAS, Drug Combos & More

Xconomy

The treatment landscape for lung cancer has shifted significantly over the past few years , and more changes could be on the way. At the World Conference on Lung Cancer in Barcelona this weekend a number of drug makers trotted out some of their latest advances in immunotherapy, targeted pills, drug combinations, and more. Xconomy rounded up some of the most noteworthy headlines and put them in context below.

Tocagen Stock Tanks After Gene Therapy Drug for Brain Cancer Fails

Xconomy

Tocagen’s experimental gene therapy for brain cancer therapy has failed a late-stage test, sinking the biotech’s stock price below $1. San Diego’s Tocagen (NASDAQ: TOCA ), has been testing its drug in recurrent high-grade glioma, the most common and deadly type of brain cancer in adults.

Relativity Signs Launch Agreement With Momentus

L.A. Business Journal

Aerospace startup Relativity Space Inc. will launch satellites built by Santa Clara-based Momentus into space on its 3D-printed Terran 1 rocket, according to a new agreement signed by the two companies Sept.

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Can you just tell little business lies?

Berkonomics

Are any of these little lies worth worrying over? “He’s He’s not in right now.” “I am going to the doctor at that time.” “I paid only two dollars a unit to your competitor.”

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Video Interview: Chris Straka, Radcare Health

socalTECH

Our video interview today is with Dr. Chris Straka, of Radcare Health, a startup developing information resources for cancer patients. READ MORE>>. chris straka radcare health video interview

Visa Acquires Payment Protection Company Verifi

L.A. Business Journal

Mid-Wilshire-based Verifi, which develops software to secure electronic payments for businesses, was acquired by Visa Inc.

6 Founder Actions That Can Kill A Promising Business

Startup Professionals Musings

In my experience as an advisor to entrepreneurs, business startup founders most often point to a shortage of funds as the primary cause of their startup failure.

Herceptin Inventors, Immunology Pioneers Take Home 2019 Lasker Awards

Xconomy

This year’s Lasker Awards, the US’s most prestigious biomedical honor, are going to five scientists whose work led to a critical breast cancer treatment and significant basic research advances that have helped pave the way for immunotherapy.

Interview with Chuka Ikokwu, Divercity.io

socalTECH

What's the best way to reach out and recruit diverse candidates for your technology company? It's not easy, which is why Los Angeles-based Divercity.io exists. we spoke with co-founder Chuka Ikokwu to learn more about the startup and how it's helping companies to recruit more diverse workers. Describe what Divercity.io is all about? Chuka Ikokwu: Divercity.io is an HR tech platform that makes it very easy for companies to source diverse talent. And how do you do that? Chuka Ikokwu: It's simple.

Science Projects

L.A. Business Journal

Santa Monica venture capital firm seeks out and supports disruption-minded startups

10 Academic Courses To Kickstart Your Business Career

Startup Professionals Musings

I’m sure that every one of us who has been out in the business world for a few years can look back with perfect hindsight and name a few college courses that we should have taken.

SoCal Tech Calendar - Untitled Article

SoCal Tech Calendar

Wednesday, September 18, 2019 --.

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Microsoft, Disney Link On Cloud, Technology Deal

socalTECH

The Walt Disney Studios , in Burbank, and technology giant Microsoft Corp. are in a new deal where the two will work together, where Disney will work with Microsoft on ways to create, produce and distribute content on the Microsoft Azure cloud platform, the companies announced on Friday morning. According to the companies, they are in a five year "innovation partnership" to develop 'scene-to-screen' content workflows, which will include a technology hub called The Walt Disney Studios StudioLAB.

A Rare Bird

L.A. Business Journal

Hawke Ventures offers funding and media support to help startups take wing

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Some Good Startups Don’t Qualify For Equity Investors

Startup Professionals Musings

Angel investors and venture capitalists don’t make equity investments in nonprofit good causes. The simple reason is that it’s impossible to make money for investors when the goal of the company is to not make money.

SoCal Tech Calendar - Untitled Article

SoCal Tech Calendar

Tuesday, September 17, 2019 --.

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MemComputing Joins Air Force Research Lab Space Accelerator

socalTECH

San Diego-based MemComputing , a startup working on high performance computing technology, says it has been selected to join the Air Force Research Laboratory's Catalyst Space Accelerator , being held in Colorado Springs, Colorado. According to MemComputing, it is working on software which uses physics principles and the logic and reasoning functions of the human brain.

Your Car Is Hackable—Here Are Three Steps You Can Take

Xconomy

We’re used to protecting the information on our smartphones by keeping strong passwords and setting a lock screen. But fewer people know about the importance of protecting the information in their vehicles. Earlier this year, the automotive shopping website CarGurus asked 1,020 consumers questions about common security practices and the risks of connected cars. Here are three main issues the survey uncovered about connected car security: 1. Critical vehicle components are hackable.

8 Indications Of An Entrepreneur Sought By Investors

Startup Professionals Musings

An entrepreneur is literally “one who creates a new business.” The best new businesses are ones that have never been done before, so mastering creativity and recognizing creativity are key skills and mindsets. But how does one recognize and nurture creativity in a person or team?

The Goddess Project Documentary Screening

SoCal Tech Calendar

Wednesday, September 18, 2019 -- The Goddess Project Documentary Screening. Join us for a screening of "The Goddess Project" documentary here at Toolbox LA. Synopsis: Determined to empower the feminine voice, two filmmakers packed their lives into a school bus and hit the road for what became the most transformative adventure of their lives.

SGI-DNA Finds $25M In Funding

socalTECH

San Diego-based SGI-DNA , a biotech company which is developing synthetic genomics and dna data storage technology, announced this morning that it has raised $25M in its Series A funding round. The funding was led by Northpond Ventures, and also included Oxford Finance and BroadOak Capital partners. SGI-DNA said it has created a fully automated gene synthesis platform, which includes an instrument that converts digitized DNA code to biological entities.

After Investing, GSK to Buy Out Celiac Drug Developer Sitari Pharma

Xconomy

GlaxoSmithKline is acquiring a startup it helped launch in 2013 as part of an alliance with life sciences venture capital firm Avalon Ventures. Avalon said Tuesday that GSK (NYSE: GSK ) has agreed to buy the company, Sitari Pharmaceuticals, which has been developing a treatment for celiac disease.

New Entrepreneurs Are Rebuilding Our Business Engine

Startup Professionals Musings

Large corporations and conglomerates, the engines of growth and vitality in the twentieth century, have lost their edge and their image. They have proven themselves unable to innovate, and they have lost more jobs than they create.

The Role of Rebranding for Mand A and Growth

SoCal Tech Calendar

Tuesday, September 17, 2019 -- The Role of Rebranding for Mand A and Growth. Learn how this oft-overlooked ingredient can drive valuation both pre-deal and post-deal and support revenue growth.

Fair Acquires Canvas From Ford

socalTECH

Santa Monica-based Fair , which offers up very flexible, subscription-based leases on used cars, has acquired the Canvas subscription car service, which was owned by Ford Motor Credit. Financial terms of the acquisition were not announced. According to Ford, existing customers of Canvas will be given an option to join Fair's service at the ends of their current vehicle subscription term. Fair's service--unlike a traditional lease--lets users rent vehicles on a monthly basis.

Bio Roundup: Award Winners, Lung Data, Dems on Drug Pricing & More

Xconomy

For decades, advanced lung cancer was a quick death sentence. That’s no longer a given, thanks in part to the arrival of immunotherapy. If a medical meeting in Barcelona this week was any indication, more help could be on the way. Targeted medicine isn’t new to lung cancer, but only a fraction of patients have the eligible mutations, such as EGFR and ALK, and thus have a chance to avoid chemotherapy and its toxic side effects.

SmartDrive Gets $90M More For Telematics Products

socalTECH

San Diego-based SmartDrive Systems READ MORE>>. capital venture fleet commercial safety driver telematics systems smartdrive

Accelerate OC Puts Focus on Local Entrepreneurs In Podcast

socalTECH

Interested in hearing more about the technology community in Orange County? A newly launched podcast, Accelerate OC , recently launched a series of interviews from Orange County innovators, trendsetters, entrepreneurs, investors and community leaders, in a live radio show and podcast.

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174 Power Global Gets Funding For Solar Power Efforts

socalTECH

Irvine-based 174 Power Global , a utility-scale, solar energy company which is owned by Hanwha Group, said this morning that it has closed on construction financing for a $210M, 150MW solar power plant near Odessa, Texas. The company said construction and term debt is being provided by Credit Agricole Corporate and Investment Bank and the Korea Development Bank, and an eight-year "solar hedge" is being provided by J.P. Morgan Chase Bank, N.A. Terms of the debt were not announced.

ZeaKal Raises $15M More For Crop Efficiency Efforts

socalTECH

San Diego-based ZeaKal , a startup which is working on technology to improve the photosynthetic capacity and efficiency of plants, announced on Tuesday that it has raised $15M in a Series C funding round. The funding came from Canopy rivers, Finistere Ventures, and Middleland Capital.

Vid Gets Strategic Funding

socalTECH

Los Angeles-based Vid , a startup developing a social video platform, announced late Monday that it has received a strategic investment from Ontology, a developer of blockchain technology. Financial terms of the investment were not announced. Vid--which has yet to launch its product--says it is developing a video journaling application, where data is secured through "zero-knowledge" encryption and which is powered by Blockchain. Vid's founders are Jag and Josh Singh.

Sense.Chat Adds Tim Draper To Board

socalTECH

Santa Monica-based MakeSense Labs , the startup behind Sense.Chat , a messaging app which lets users share cryptocurrency tokens and connect via audio and video chats, says it has added venture capitalist Tim Draper to its board of directors. Sense.Chat is led by founder and CEO Crystal Rose. According to Rose, the company's messaging system is the "first messaging system of its kind" utilizing blockchain technology.

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Future Media Buys Oak & Jackal

socalTECH

Irvine-based Future Media , a digital marketing company, announced late Thursday that it has acquired Oak & Jackal , a direct-to-consumer maker of watches. Financial details of the acquisition were not announced. Future Media said the acquisition is its first foray into consumer sales. Oak & Jackal was originally launched and funded through an effort on Kickstarter , in June of 2016. The company also offers eyewear and wallets.

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