Sat.Oct 26, 2019 - Fri.Nov 01, 2019

Uber Sues LA Over Location Data

socalTECH

According to a report, Uber has sued Los Angeles , in a bid to keep information on the location of its fleet of on-demand scooters private. The lawsuit comes in response to rules, put into place back in 2018, where the Los Angeles Department of Transportation (LADOT) requires scooter companies operating in the city to provide location data on where their vehicles are.

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LA-based gaming studio Scopely raises $200 million at a $1.4 billion valuation

TechCrunch LA

The Los Angeles-based mobile game development studio Scopely has become America’s newest unicorn thanks to a $200 million financing which values the company at a whopping $1.4 billion.

FDA Halts Novartis Gene Therapy Study Amid Animal Safety Concerns

Xconomy

Novartis must stop enrollment of a clinical trial testing its gene therapy for a rare, muscular disorder after safety concerns surfaced in data from an animal study. The FDA put a partial clinical hold on a Phase 1/2 study testing the therapy, Zolgensma, Novartis (NYSE: NVS ) announced Wednesday.

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Do you act like an Eagle Scout?

Berkonomics

You may have been a Girl Scout or a Boy Scout in your youth. Certainly, you are aware of the top rank in each – the Gold Award for girls and the Eagle badge for boys. Scouting teaches leadership and even if we were not members in our youth, there are lessons for us all. Be prepared! For example, the Boy Scouts of America motto is “Be prepared.”

Fair Loses CEO Painter

L.A. Business Journal

Departure follows deep layoffs at car-leasing startup

Los Angeles-based BuildOps, subcontracting software for real estate, raises $5.8 million

TechCrunch LA

Software development companies tackling services for niche industries, like commercial real estate subcontracting, continue to find Los Angeles to be fertile ground for development. The latest company to raise funding from a clutch of investors is BuildOps , which raised $5.8

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Game Dev Make n' Mingle

SoCal Tech Calendar

Thursday, November 7, 2019 -- GET YOUR GAME ON! NYFA is not just a great place to learn about making games, it's a great place to make games! Come to NYFA to work on your game projects and make new friends! We'll supply the workspace, the pizza, the wifi and the mentorship. You provide the rest! This event is open to the entire gaming community, whether you are a NYFA student or not, so bring a friend!

Fisker Previews First Electric Vehicle

L.A. Business Journal

Torrance-based electric vehicle developer Fisker Inc. will debut its first fully electric sport utility vehicle in January 2020

Backed by Will Smith and FabFitFun, OurPlace brings cookware and dinnerware direct to consumers

TechCrunch LA

The husband and wife co-founders behind the direct-to-consumer cookware and dinnerware startup retailer OurPlace are big believers in the notion that the doorway to inclusive communities opens through the kitchen. .

Blizzard Entertainment Apologizes For Hong Kong Controversy

socalTECH

Santa Monica-based Blizzard Entertainment apologized for the controversey that the company has faced, after it banned one of its competitors for expressing support for the Hong Kong protests in October. In a speech at Blizzard's BlizzCon, president J. Allen Brack apologized for how the company reacted to the issue at its Hearthstone e-sports event. Brack said, "We didn't live up to the higher standards we set for ourselves."

FundingPost San Diego VC and Angel Investor Event

SoCal Tech Calendar

Wednesday, November 6, 2019 -- FundingPost San Diego VC and Angel Investor Event/ Interested in meeting and pitching to early-stage Angel Investors and Venture Capitalists in Southern California? Register for the FundingPost event on Wednesday, November 6th, 2019. FundingPost has hosted 400 sold-out venture events in 22 cities over the past 17 years.

Scopely Raises $200 Million Series D

L.A. Business Journal

Mobile game developer and publisher Scopely Inc. raised a $200 million Series D round led by NewView Capital

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6 Keys To Maximizing Your Own Leadership Performance

Startup Professionals Musings

In my experience as an advisor and mentor to entrepreneurs in business, one of the biggest failures I see is a lack of self-leadership. You can’t lead a business to success, if you can’t lead yourself.

Amgen Takes Stake In Chinese Oncology Company

socalTECH

Thousand Oaks-based Amgen said on Thursday afternoon that it has taken a 20.5 percent stake in BeiGene , a research-based, oncology-focused biotechnology company in China. According to Amgen, it paid approximately $2.7 billion in cash for the stake in BeiGene, which it says it will use to expand its oncology presence in China. BeiGene has a 700-person commercial organization and 600-person clinical development organization, according to Amgen.

Preccelerator Workshop: Employment Law for Startups with Rachael Lavi

SoCal Tech Calendar

Tuesday, November 5, 2019 -- Preccelerator Workshop: Employment Law for Startups with Rachael Lavi. Rachael Lavi, an Attorney specializing in Labor and Employment matters in California, will be speaking on the top employment law risks for startup companies in California, including: (1) best practices for hiring employees; (2) independent contractors and misclassification issues; (3) how to utilize interns; and other significant legal risks. See[link].

PeerStreet Raises $60 Million

L.A. Business Journal

El Segundo-based real estate technology startup PeerStreet raised $60 million

7 Secrets to Leading Others and Enjoying Your Legacy

Startup Professionals Musings

By default, every one of you who owns a business or manages a team has the title of leader, but in my consulting experience, I find that just having the title doesn’t make most of us a leader.

Knightscope Turns To StartEngine For Fundraising Effort

socalTECH

Security robot maker Knightscope has turned to Los Angeles-based crowdfunding site StartEngine , to help it raise crowdfunding for its efforts. According to Knightscope, it is running a Reg A+ offering on the StartEngine platform, as the company says it prepared for a public listing. Reg A+ is a security rule which allows non-accredited investors to invest in companies, without meeting what previously had been strict financial rules for accepting individual investments in private companies.

Preccelerator Workshop: Employment Law for Startups with Rachael Lavi

SoCal Tech Calendar

Tuesday, November 5, 2019 -- Preccelerator Workshop: Employment Law for Startups with Rachael Lavi. Rachael Lavi, an Attorney specializing in Labor and Employment matters in California, will be speaking on the top employment law risks for startup companies in California, including: (1) best practices for hiring employees; (2) independent contractors and misclassification issues; (3) how to utilize interns; and other significant legal risks. See [link].

Biotech Roundup: Novartis on Hold, AMAG Vote, Neuro News & More

Xconomy

The brain has stymied many efforts to develop new neuroscience drugs, leading a number of big pharmaceutical companies to pull back on such R&D work. This week, Amgen joined them. Amgen (NASDAQ: AMGN ) is ending its research and early development programs in neuroscience, the company announced during a conference call to discuss third-quarter financial results.

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How Starting A Business Fits Into Every Career Today

Startup Professionals Musings

With the cost of starting an online business today at an all-time low, I can’t imagine why everyone doesn’t have a web site and an LLC to mitigate liability and minimize taxes.

PeerStreet Picks Up $60M In Series C

socalTECH

Los Angeles-based real estate loan marketplace PeerStreet , which is led by CEO Brew Johnson, has raised $60M in a series C funding, the company said this week, and also secured $4.25 billion in new capital commitments from institutions to purchase loans on its platform. According to PeerStreet, the equity funding round was led by Colchis Capital, along with an un-named consortium of institutional investors.

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FundingPost Orange County VC and Angel Investor Event

SoCal Tech Calendar

Monday, November 4, 2019 -- FundingPost Orange County VC and Angel Investor Event. Interested in meeting and pitching to early-stage Angel Investors and Venture Capitalists in Southern California? Register for the FundingPost event on Tuesday, November 5th, 2019. FundingPost has hosted 400 sold-out venture events in 22 cities over the past 17 years.

Fisker Names New Electric SUV: The Fisker Ocean

socalTECH

Los Angeles-based Fisker , which is developing all electric cars, unveiled the name and details on its upcoming all electric luxury SUV. According to Fisker, its new car will be known as The Fisker Ocean , which it claims will be the "world's most sustainable vehicle". The company says it will be opening up reservations for the new vehicle on November 27th.

Group Seeks Congressional Investigation Over Ring Cameras

socalTECH

In continued heat for Santa Monica-based security and doorbell camera maker Ring , a civil liberty and privacy group has more than 10,000 people calling for a Congressional investigation into the "surveillance dragnet" Ring is creating. Ring--which is now part of Amazon--has been actively courting local police departments, offering up automated ways to pull up video from Ring surveillance doorbells without a warrant. Those efforts have raised hackles with privacy advocates.

TOCA Football Takes $25M

socalTECH

Costa Mesa-based TOCA Football , a company which says it uses "technology-enabled experience" to help provide soccer training, has raised $25M in a Series D funding round. The round was led by WestRiver Group (WRG), RNS Partners (RNS), as well as un-named family office investors. The company said that, as part of the funding, it has appointed Yoshi Maruyama as its CEO. TOCA was founded by U.S. World Cup and former MLS and English Premier League midfielder Eddie Lewis in 2014.

Neuronoff Gets $2.2M Grant

socalTECH

Valencia-based medical device developer Neuronoff says it has received $2.2M in a National Institutions of Health (NIH), to go towards its medical device, a injectable metal electrode for treating chronic back pain. According to Neuronoff, the company's implant specifically helps to combat opioid abuse, by offering up an alternative treatment to chronic back pain.

Help 100

Semtech Powers Line Of LoRa Industrial Sensors

socalTECH

Camarillo-based analog and mixed-signal semiconductor developer increasing the use of its wireless LoRa devices in the industrial sector, by powering a line of sensors for the industrial market.

Inseego Donates MiFi Hotspots To Fire Stricken NorCal

socalTECH

San Diego-based Inseego says it has donated a number of its 4G LTE Mi-Fi mobile hotspots to aid disaster relief, to the Northern California VOAD network, in order to provide communications during the power outages and wildfires across the state. According to Inseego, it also is offering up those hotspots to agencies in need, upon request. The hotspots are fully activated with service fro Spring and Verizon, and also include batteries and solar portable chargers for recharging wireless devices.

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Green Dot, Walmart To Launch Fintech Accelerator

socalTECH

Pasadena-based Green Dot and Walmart said on Monday afternoon that they have created a fintech accelerator, as part of an extended relationship. According to the two, Green Dot will continue to serve as the issuing bank and program manager for the Walmart MoneyCard program for an additional period of seven years. Green Dot has been managing Walmart's MoneyCard program since 2006.