Both Sides of the Table
JULY 1, 2015
__. faux·men·tum. fōˈmen(t)əm,fəˈmen(t)əm/. noun. when a technology startup, its investors or the market believe in robust growth rates writ large. “the ecommerce company gained fauxmentum by raising artificially high amounts of venture capital and spent lavishly on customer acquisition despite long payback periods and questionable LTV” __.
socalTECH
JUNE 29, 2015
Los Angeles-based CapLinked , which develops virtual data room software for managing deals, said last week that it has launched a new, Live Document Editing feature for its software. The company said the new feature lets users update and edit all of their documents while working within the software. CapLinked's software is used to manage and organize due diligence and other deal paperwork for financing and other transactions.
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Berkonomics
JULY 2, 2015
Many people believe that bottom up budgeting leads to waste and misdirection. The advocates of top-down budgeting are strong in their belief that if you give each person or department no guidance, they will budget to their wants or specific needs, not to those that support a corporate goal. So, they argue: Give your people a top-down generated target.
Eric Greenspan
JUNE 27, 2015
I’m a big fan of clean fingers. As I type this I can see my fingerprints forming on my iPhone screen. It makes me nuts. The line to the bathroom at the car wash is too long to deal with, or I’d go wash my hands. I wish I had a moist towelette in my pocket, but I don’t. The age of the touchscreen is upon us. We tap, tap, slide all day, everyday.
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Both Sides of the Table
JUNE 28, 2015
Every year around the holidays journalists and bloggers around the world publish “top ten” lists or “annual buyer’s guides” or similar. And every year I think about doing the same. But it’s the holidays and I usually can’t be bothered. Plus, after reading everybody else’s list it feels pedestrian to publish mine.
socalTECH
JULY 1, 2015
San Diego-based Classy , which develops cloud-based software used by nonprofits for fundraising, disclosed that it has raised $18M in a new funding round. The funding came from Mithril Capital Management and Salesforce Ventures. Classy was founded in 2006 as StayClassy, and also counts Bullpen Capital and Venture51 as backers. Classy allows nonprofits to create fundraising campaigns for specific projects or year-round initiatives, with features such as leaderboards, user-generated media, team fu
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
Tech Zulu Event
JUNE 29, 2015
Silicon Beach Fest has sadly come to an end, however Elvina Beck hit the marina for this year’s SBF getting some insightful tidbits of information from SBF attendees. So sit back, experience and enjoy what SBF had to offer. Oh and did we mention they are all dancing to the Spice Girls?!? Appearances By: Hank Leber of Vytmn | Tech community in L.A.
socalTECH
JULY 2, 2015
Los Angeles-based Rocket Lab , a venture-backed startup which is developing commercial launch vehicles specifically aimed at delivering small satellites into space, said it has set up an oprbital launch site. The company said it plans to build a launch site Kaitorete Spit in the Canterbury region of New Zealand's South Island, to support future launches of its launch vehicle.
socalTECH
JUNE 30, 2015
Los Angeles-based subscription box service Quarterly , which develops unique gift boxes every three months from such influencers as Pharrell Williams, Bill Nye the Science Guy, and actress Rosario Dawson, has raised a round of funding and connected with Los Angeles-based Science Inc. Size of the investment was not disclosed. The two said they will also partner to leverage Science's growth engine and business strategy expertise, as well as tap into Science's network of influencers.
socalTECH
JUNE 30, 2015
Los Angeles-based enterprise software maker Chrome River , which develops cloud-based software used for expense reporting and automated invoice processing, announced today that it has raised $100M in a Series D funding round. The funding came from Great Hill Partners. Chrome River said it will use the funding to accelerate global growth and support product innovation.
socalTECH
JUNE 30, 2015
Santa Monica-based HomeHero , a new startup providing an online marketplace for in-home, senior care services, said Tuesday afternoon that it has raised $20M in a Series A funding round. The funding came from Graham Holding Company, along with Social+Capital Partnership, Tencent Holdings Limited and The Launch Fund. The funding comes on top of an earlier, $3M seed round for the company last year from SocialCapital.
socalTECH
JUNE 29, 2015
Carlsbad-based satellite and wireless broadband technology developer ViaSat said today that it is expanding its business, and has added new cybersecurity services and products aimed at the government. According to ViaSat, it will provide government agencies and military forces with new cybersecurity service and product enhancements, with the aim of protecting and sharing classified data.
socalTECH
JULY 1, 2015
Los Angeles-based NantHealth , one of the life sciences companies that is part of billionaire Patrick Soon-Shiong's NantWorks , has scored $200M in an investment from Allscripts , the two said Tuesday. According to the two companies, the investment gives Allscripts a 10 percent stake in Nanthealth. The two also said that NantCapital, the personal investment fund of Dr.
socalTECH
JUNE 30, 2015
Camarillo-based Semtech said today that it has seen its first deployment of its low power, wide area networking chipsets in North America, via network-as-a-service provider Senet. According to Semtech, Senet has deployed 50 towers with a network coverage of more than 15,000 square miles, using Semtech's LoRa technology, for an Internet-of-Things application.
socalTECH
JUNE 30, 2015
Irvine-based medical device developer Inari Medical has raised $12.4M in a Series B funding, the company announced this morning, for its efforts to develop medical devices for the vascular thrombus and emboli. The funding came from Versant Ventures and US Venture Partners, both of which are existing investors in the company. Inari also said tun-named, medical device industry veterans also joined in the round.
socalTECH
JUNE 29, 2015
Irvine-based Aerie Pharmaceuticals said today that it has named two new members of its board of directors. The company--which is developing treatments for glaucoma--said it has added Julie McHugh and Michael M. du Toit to its board. McHugh was previously COO of Endo Health Solutions, and also served as an executive at Nora Therapeutics, Johnson & Johnson, and Centocor, and sits on the boards of EPIRUS Pharmaceuticals, Inc., Ironwood Pharmaceuticals, Inc., New Xellia Group A/S, Trevena Pharma
socalTECH
JUNE 29, 2015
In a huge blow to what had been an unstoppable local success story, Hawthorne-based rocketship developer SpaceX saw a catastrophic failure on Sunday morning, which resulted in the explosion and destruction of what would have been the seventh mission to resupply the International Space Station. The SpaceX Commercial Resupply Services (CRS-7) mission was to have deliver supplies and cargo to the ISS.
socalTECH
JULY 2, 2015
Los Angeles-based streaming media site Pluto TV has inked a deal to stream free content from Hulu, Jukin Media, and a number of others , to bolster the content lineup for the service. Financial details of the various deals were not announced. Pluto.tv operates an online and mobile service which provides curated access to video streaming content, and is venture backed by U.S.
socalTECH
JULY 2, 2015
Los Angeles-based entertainment fan site Moviepilot and Entertainment Weekly said this week that they will be presenting videos from the San Diego Comic-Con, as part of a new content partnership. Financial details of the partnership were not disclosed. The new content will be available both on Moviepilot as well as EW.com. Moviepilot is led by Tobi Bauckhage.
socalTECH
JULY 2, 2015
Westlake Village-based Interlink Electronics , which designs and manufactures touchpads, mouse pointing devices, wireless remote controls, and other products, said it is expanding in Singapore. According to Interlink, it is adding R&D engineers in Singapore, to tap into Singapore's talented engineering workforce and conducive business environment.
socalTECH
JULY 2, 2015
Los Angeles-based VUBIQUITY , a provider of content monetization technology and services for the entertainment and media industry, has teamed up with movie and TV service Rotten Tomatoes , the two said yesterday. According to the two, they are launching a program which will offer up a curated collection of films available to VUBIQUITY's affiliates for on demand rental.
socalTECH
JULY 1, 2015
Los Angeles-based parking app developer ParkMe said this week that it has released an update to its app software , and added Apple Pay as a form of payment for parking. ParkMe--which helps users find parking spots, and also lets users pay for parking at parking garages and paid parking lots--said the updated app supports Apple Pay on the iPhone 6, iPad Air 2, and iPad mini 3.
socalTECH
JUNE 30, 2015
Irvine-based Linksys , the unit of Belkin which develops home and business networking equipment, said today that it has launched a new, high gain antenna for Wi-Fi networks. The company said its new, dual-band, omni-directional antennas help provide roughly 2 times the performance over stock antennas on most wireless routers. The new antennas--which provider 4dBi gain in 2.4Ghz and 7dBi in 5Ghz--are aimed at use at the edge of Wi-Fi networks, and simply replace a router's existing RP-SMA antenna
socalTECH
JUNE 29, 2015
Calabasas-based Ixia , which provides network and application performance testing hardware and software, said Tuesday that it has expanded its board of directors. The company said that Ilan Daskal, who is the Executive Vice President and CFO of Cepheid, will join the company and head up its audit committee. Daskal also has served as CFO of International Rectifier, and also at Infineon Technologies AG, among other companies.
socalTECH
JUNE 29, 2015
Los Angeles-based peer-to-peer real estate investment marketplace RealtyMogul.com said today that it has named Ryan Sakamoto a its new, in-house General Counsel. Sakamoto was previously General Counsel and Chief Administrative officer at Wedbush, and has also served at Madison Tyler Holdings. the company said Sakamoto is now responsible for all key legal affairs for the company including investment and securities transactions, contracts and compliance matters.
socalTECH
JULY 1, 2015
San Diego-based DJO Global , a developer and manufacturer of medical products for the orthopedics area, said this week that it has acquired a number of assets from Zimmer Biomet Holdings. Financial details of the deal were not announced. The acquisition was made via DJO Global subsidiary Encore Medical L.P. DJO Global makes a wide range of medical products, including knee braces and other orthopedic devices.
socalTECH
JUNE 30, 2015
Los Angeles-based Nativo the native advertising technology developer led by Justin Choi, said Tuesday morning that it has raised $20M in a Series B funding round. The funding was led by Advance Vixeid Partners (AVP), and also included RezVen Partners and the company's other existing investors. Nativo said it will use the new funding to scale its operations.
socalTECH
JUNE 30, 2015
San Diego-based therapeutic antibody developer AnaptysBio announced this morning that it hass named two new board members. AnaptysBio said it added Hollings Renton--the former CEO and president of Onyx Pharmaceuticals-- and John Schmid--former CFO of Auspex Pharmaceuticals--to add strategic plannning and corporate finance exertise to the company's board.
socalTECH
JUNE 29, 2015
Burbank-based Cast & Crew Entertainment Services , a provider of technology and payroll services to the entertainment industry, said today that it has acquired by private equity investor Silver Lake. Financial terms of the buy were not disclosed. Cast & Crew was owned by ZM Capital , and offers up technology-enabled production accounting and related value-added services to the entertainment industry.
Startup Professionals Musings
JULY 1, 2015
Most entrepreneurs avoid setting up a board of directors for their new business unless or until they sign up an investor who demands a seat on the board. That implies that a board of directors has no value to the founder, and is just another burden that to be assumed for the privilege of attracting outside investors or going public. In my view, nothing could be further from the truth.
Startup Professionals Musings
JUNE 29, 2015
The best startup teams don’t shy away from some healthy friction and heated debates between team members or founders. That’s the way smart people with innovative insights make real change happen. Yet we all know that there is a fine line here, beyond which heated debates generate so much emotion and drama that the entire team becomes dysfunctional. The obvious challenge is to channel these interactions in a way that maximizes their value to the startup as positive results, without letting them s
Startup Professionals Musings
JUNE 27, 2015
The new era of highly connected and interactive technology is changing not only how business employees interact with customers, but also how they interact with each other, and with their company. I am happy to see reports that young companies are in the forefront of these trends, on both the customer trends and the employee trends. Both are required to stay competitive.
Startup Professionals Musings
JULY 3, 2015
The visibility of Google, Facebook and a few others continues to propagate the myth that the ultimate objective of every entrepreneur should be to take their startups public via an initial public offering at the earliest opportunity. Everyone thinks this is the route to become the next billionaire like Mark Zuckerberg. In reality, this option is a nightmare that can bump you out of the driver seat, dilute your equity and create a business entity you can’t control.
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