Both Sides of the Table
OCTOBER 31, 2015
Let me start the post with three statements. 1. I have attention deficit disorder, it is a real condition , I have been diagnosed including having radioactive isotopes through my brain to map my development and yet I’m a leader, I have accomplished much, I did well in school and went on to earn a master’s degree and I can actually concentrate when I want to.
Berkonomics
NOVEMBER 5, 2015
A friend of mine recently told me his story of how his very career rests on his credibility with his major supplier–partners. He stated that everything rides upon his credibility when he declares that he can produce a quality product on time, especially when his competition has faltered attempting to do so. There’s little news in that statement. Until you hear of the stories of those who destroyed a good thing with one badly executed promise, or one lie, or one slip in quality or delivery.
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socalTECH
NOVEMBER 5, 2015
For our interview today, we sat down with Kevin Anderson , one of the co-founders of Los Angeles-based Appetize (www.appetizeapp.com), the developer of a cloud based enterprise point of sale solutions for venues and events. Appetize is backed by the Guggenheim, the 49ers Family Office, WME SVP of Music Marc Geiger, Roar Entertainment and others; the company recently announced deals with Live Nation and the Sacramento Kings, and is part of the Dodgers Accelerator.
Startup Professionals Musings
NOVEMBER 1, 2015
Every entrepreneur thinks he can relax a bit after his business model is proven, funding is in place, and revenues are scaling as projected up that hockey-stick curve. Unfortunately, the market is changing so fast these days that any upward climb can level off quickly, as the core business growth begins to stall. This S-Curve, with no correction, can quickly lead to disaster.
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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.
Both Sides of the Table
NOVEMBER 3, 2015
In our industry we always talk about funding big ideas or funding things with more meaning. It’s something Yves Sisteron & I have been talking about for years at Upfront Ventures. Today we’re proud to talk more about Grove Labs – we really hope you’ll quickly check out this innovative product and we think many of you will be as impressed with Grove as we have been.
Tech.Co
NOVEMBER 5, 2015
When Jacob Salamon and Jared Bauer met each other freshman year at UT-Austin, they were sitting in an astronomy class. As the two got to talking, it came out that Salamon was in the business school while Bauer attended the film school. They became fast friends, and Salamon talked about how it’d be fun to move to Los Angeles and make movies with Bauer some day; neither of them had any expectation, at the time, that they’d collaborate on Wisecrack , one of the most successful YouTube v
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
Startup Professionals Musings
NOVEMBER 6, 2015
Surviving as an entrepreneur requires unbridled passion, enthusiasm and a certain naiveté in the face of many unknowns. Young people are more accustomed to facing a new world each day, so they don’t worry about it, and usually actually relish the new adventure. Once the rest of us reach a certain age, we know too many things that can go wrong, so we avoid the path entirely.
Tech Zulu Event
NOVEMBER 5, 2015
500 Startups officially announced their Batch 15. Among them is one of our very own REACH NeXT alumni Mahmee ! We were stoked when we partnered with 500 startup for REACH NeXT and now are over the moon that they selected one of our winners. Congrats to the Melissa Hanna and the rest of the Mahmee team! Also, 500 startups officially open their applications for Batch 16 on AngelList.
Jason Nazar
NOVEMBER 1, 2015
I’ve been a part of dozens (maybe hundreds) of product launches And in each of these cases I ask my team to put together a simple dashboard of a small set of metrics for our paid and free products that let me know the success of our efforts. For startup entrepreneurs, you can also track these metrics with Google analytics. Paid Product Metrics.
socalTECH
NOVEMBER 3, 2015
Los Angeles-based Alelo , which develops computer-aided training and simulation for the U.S. Department of Defense, says it has received a new set of contracts to provide cultural awareness training for the Levant, Afghanistan and Pakistan. Financial details of the new contracts were not announced. Alelo said its new cultural awareness training courses help the U.S. military to develop skills to trust and cooperation from local armed forces and civilian populations.
Startup Professionals Musings
NOVEMBER 2, 2015
If you find problem-solving to be energizing, you could be the next great entrepreneur. On the other hand, if facing unforeseen problems annoys you and causes ongoing stress, don’t quit your day job. Creating an innovative new business is guaranteed to test your skills, patience and determination, and you need to derive satisfaction from the journey, as well as the destination.
Tech Zulu Event
NOVEMBER 2, 2015
As a first-timer at Oracle OpenWorld , I’ve been quite impressed by the sheer number of people thronging Howard Street, Moscone Center and the local San Francisco area in business-suits and professional attire. As tech conferences go, I have certain friends that might refer to such an event as “ Salaryman Con.” Keynote presentations on Cloud, SaaS, Mobile, Big Data, CRM, HCM and more continue to herald “disruptive innovation to empower enterprise collaboration.” Is
socalTECH
NOVEMBER 6, 2015
Santa Monica-based Demand Media is continuing to see a steep drop in revenues from its content and media efforts, reporting Thursday afternoon that it had $15.9M in revenues from its Content & Media segments, compared with $33.6M in the same quarter in 2014. The company said the drop came due to traffic declines to eHow and lower ad monetization yields.
socalTECH
NOVEMBER 5, 2015
Los Angeles-based MarketShare Partners , the marketing analytics technology developer led by Wes Nichols and Jon Vein, has been acquired by Neustar , in a deal worth $450M. According to Neustar, Marketshare generated $57M in revenues for the twelve months ended September 30, 2015. MarketShare was venture backed by FTV Capital, Elevation Partners, along with others.
socalTECH
NOVEMBER 3, 2015
Santa Monica-based subscription airline Surf Air has partnered with Uber , as part of the launch of Surf Air into Palm Springs. Uber launched in Palm Springs back in April of 2014. Surf Air says on its website that its will have its first flight to Palm Springs on Thursday, November 5th, with passengers being picked up by Uber's luxury service, UberLux, which features only high end vehicles like the Tesla Model S, Mercedes, and BMWs.
socalTECH
NOVEMBER 6, 2015
Can playing Minecraft help your kids learn STEM techniques? Zaniac , the operator of an after-school, education program which uses Minecraft and robotics to teach Science, Technology, Engineering, and Math (STEM) to kids, said this week that it has opened up a location in Santa Monica--the first in a major expansion into Los Angeles. The franchised company, which has locations in Utah, Texas, Florida, New York, Connecticut, and Massachusetts, said it plans to open up an additional 10 more locati
socalTECH
NOVEMBER 5, 2015
Los Angeles- and Taipei, Taiwan-based 17 Media announced Thursday that it has raised $10M in a Series A funding, for the company's video and photo streaming app specifically aimed at entertainers, celebrities, and influencers. The funding was led by Infinity Venture Partners and Prometheus Capital, and also included angels Lawrence Ng (Oversee.net); Jaime Lin (AppWorks), and Xu Le (High Level Limited).
socalTECH
NOVEMBER 4, 2015
Verge Genomics , a biopharmaceuticals startup founded by scientists out of UCLA, said Tuesday that it has raised $4M in a seed financing round. The funding was led by IA Ventures, and also included Two Sigma Ventures, Draper Associates, Great Oaks VC, Slow Ventures, Karlin Venture, Elad Gil and David Lee. The company--based in San Francisco--said it is focused on accelerating drug development for neurodegenerative diseases, such as Alzheimer's Disease, Amyotrophic Lateral Sclerosis (ALS), and Pa
socalTECH
NOVEMBER 3, 2015
Los Angeles-based free broadband wireless and phone provider FreedomPop has received an investment from Intel Capital , the venture capital arm of Intel , as part of a set of investments announced by Intel on Tuesday. Intel--which announced the investment in San Diego as part of its Intel Capital Global Summit--also showed off Two Bit Circus , the Los Angeles STEM learning and entertainment company led by Brent Bushnell, one of its existing portfolio companies.
socalTECH
NOVEMBER 5, 2015
El Segundo-based Beyond Meat , a startup which is developing plant-based, protein alternatives to meat, said Thursday that it has named Don Thompson, the former CEO of McDonald's, to its board. McDonald had served as CEO and President of MCDonald's, President and Global Chief Operating Officer, President of McDonald's USA, as well as Executive Vice President of McDonald's Restaurant Solutions Group, and spent nearly 25 years at the company.
socalTECH
NOVEMBER 5, 2015
Interlude , a video-based, media and technology company with operations in Los Angeles, which says it has created a video technology which responds to a person's emotions and interests, has raised a strategic funding from Samsung Ventures. Size of that investment were not disclosed. interlude, led by Yoni Bloch, says it is developing a platform which creates a more interactive, video experience for viewers.
socalTECH
NOVEMBER 5, 2015
Camarillo-based analog and mixed signal semiconductor developer Semtech announced today that its LoRa technology has been selected to power an Internet-of-Things (IoT) network in India. Semtech said Tata Communications is using its technology to deploy an IoT network in key cities in India, starting with Mumbai, Delhi, and Bangalore. Financial impact of the win was not announced.
socalTECH
NOVEMBER 5, 2015
Santa Monica-based customer relationship management software provider Nimble > , and company information provider Owler said this morning that the two are in a strategic partnership, where Nimble will use content from Owler's company profiles, within its browser plugin. The two said the integration will bring over 15 million company profiles, with information such as revenue, CEO, and industry information into Nimble.
socalTECH
NOVEMBER 4, 2015
Los Angeles-based domain name registrar XYZ has responded to the controversy over a Wall Street Journal editorial that claimed that the company was implementing Chinese censorship rules across all of its domains, saying that there are no restrictions on registering a.xyz domain, and that there is no "banned list" it is enforcing from China on its domains.
socalTECH
NOVEMBER 4, 2015
In a bid to tap into the growing, innovative technology atmosphere in Playa Vista, the U.S. Army said Tuesday that it plans to recruit up to 70 researchers to a new campus in the growing center for technology, at the University of Southern California Institute for Creative Technologies (ICT). According to the U.S. Army Research Laboratory , the lab will be the first west of the Mississippi, and will focus on discovery, innovation, and transition of science and technology.
socalTECH
NOVEMBER 4, 2015
Santa Barbara-based TrackR , founded by UC Santa Barbara graduates Chris Herbert and Christian Smith, has raised $8.7M in a funding round, to help people track all of their stuff. The funding round was led by Foundry Group. The startup develops a line of tags, stickers, and other sensors which users can put on any of their stuff, and immediately track those items using their smartphone.
socalTECH
NOVEMBER 4, 2015
Los Angeles billionaire Dr. Patrick Soon-Shiong and Vice President Joseph Biden are looking to team up to cure cancer for good , now that Vice President Biden has elected not to run for President. According to a report in the New York Times, Biden's interest in curing cancer stems from the loss of his son, Beau Biden, in May, to brain cancer. Soon-Shiong had advised the Biden family in treatments from the younger Biden.
socalTECH
NOVEMBER 2, 2015
Thousand Oaks-based agricultural biotechnology developer Ceres announced this morning that it has entered into a multi-year agreement with Forage Genetics International , to develop and commercialize an improved version of alfalfa. Ceres said it will work together with FGI on evaluating and commercializing alfalfa varieties as soon as next year. Financial details of the deal were not disclosed.
socalTECH
NOVEMBER 2, 2015
Venice-based disappearing messaging service Snapchat stepped into a brief controversy over the weekend, over changes to its Privacy Policy and Terms of Service. The company, which posted new terms of servie changing language on how it is licensed to used content created by its users, drew fire for a perception that the company was claiming rights to a user's private snaps and chats.
socalTECH
NOVEMBER 6, 2015
Irvine-based Quality Systems said early this morning that it has named Jeffrey H. Margolis as Chairman ofits board of directors, replacing founder Sheldon Razin, who had been Chairman of the company since it was founded in 1974. Razin is 77. Margolis is currently Chairman and CEO of Welltok, and was founder of enterprise healthcare software provider TriZetto.
socalTECH
NOVEMBER 6, 2015
Los Angeles-based Seedling , which develops a line of kids' activities products, has rolled out another, interactive application it calls Seedling Scavenger Bingo. Seedling said the new product combines both real world and digital play, blending physical products with digital game software. The new game revolves around real-world, scavenger hunts which are tracked on a digital bingo board.
socalTECH
NOVEMBER 5, 2015
Calabasas-based TicketManager , the developer of entertainment and sports ticket management software, said Thursday morning that it has raised $20M in a Series B funding round. The funding came from Kayne Partners and Point Judith Capital. The company said it will use the funding to expand into new markets and accelerate growth. TicketManager, led by Tony Knopp, develops software to help luxury suite owners better manage their tickets; the company said its clients include FedEx, Nissan, Konica M
socalTECH
NOVEMBER 5, 2015
Howard Marks , the co-founder of Start Engine, founder and CEO of Acclaim Games (now owned by The Walt Disney Company), and former Chairman of Activision Studios, isn't happy with how things are going at Los Angeles-based United Online. To that end, he announced Thursday that he has created a new, stockholders group, Concerned Stockholders of United Online (CSU), which he says will put forward a dissident director slate for the company's annual meeting of stockholders.
socalTECH
NOVEMBER 5, 2015
San Diego-based molecular diagnostics startup Biological Dynamics announced this morning that it has raised $26.8M in a Series C financing. The funding included Heritage Group, Alexandria Venture Investment, and Irwin Jacobs, the co-founder of Qualcomm. According to Biological Dynamics, the round was led by an un-named, large institutional investor associated with a major university.
socalTECH
NOVEMBER 4, 2015
Los Angeles-based Appetize , which develops cloud-based, point-of-sale (POS) systems, has scored a big win with the Sacramento Kings , as the Kings said it will implement the Appetize POS solution at both Sleep Train Arena and the future Golden 1 Center. Financial impact of the deal was not announced. Appetize develops a POS system which integrates with mobile payments apps, Apple Pay, Google Wallet, and legacy systems.
socalTECH
NOVEMBER 4, 2015
San Diego-based OncoSec Medical said Tuesday that it has raised $7.5M in a registered direct offering, with un-named, institutional investors. The publicly traded company, which trades on the NASDAQ as ONCS, develops cancer immunotherapy products. OncoSec said it sold 2,142,860 shares of its common stock at a price of $3.50 per share to those investors, plus warrants for 1,071,430 shares of common stock at $4.50 per share for the next 5.5 years.
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