Both Sides of the Table
MAY 12, 2010
I recently wrote an article on how to respond to board members between meetings. I basically took some time on a weekend and just hacked out what was on my mind. Two people whom I respect (Babak Nivi and Brad Feld) added commentary that made me want to come back and clarify my thoughts. If I were to re-write the original post I would have taken out the section on “how to get better intro’s from VC’s&# and made it it’s own post.
socalTECH
MAY 13, 2010
Los Angeles-based Internet Brands has been sued by the former owners of one of the firm's properties, Model Mayhem , according to legal documents recently leaked to the press. According to the complaint, which was filed by Donald F. Waitt and Tyler A. Waitt, founders of Model Mayhem, Internet Brands failed to make deferred payments which were a part of the deal to acquire Model Mayhem.
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Eric Greenspan
MAY 14, 2010
Seems like Facebook CEO Mark Zuckerberg could soon be living his worst nightmare. I truly hope not. I love Facebook. The air is filled with Facebook germs right now and he needs to disinfect fast. Additionally, Twitter is powerful enough to bring the whole thing down on its own, IMHO. Here’s evidence it may already be happening… [link]. Keep in touch at [link] for more on this story and others.
InfoChachkie
MAY 11, 2010
Below is a talk on Cloud Computing from the University of California Santa Barbara’s Technology Management Program, by Michael Crandell. I think you will be surprised by what the CEO of this industry-leading cloud computing has to say about the future of the Cloud. Full Bio: Michael Crandell, CEO and Founder of Right Scale. Michael Crandell is the CEO and a founder of RightScale, where he provides the vision and direction for the company as it pioneers innovative ways to bring the power of
Advertiser: Aggregage
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
MAY 11, 2010
I haven’t written a blog post in a week. I travelled for a couple of days for work and decided to get some sleep on those days rather than staying up into the wee hours as I often do when I travel. I closed one deal (I’ll talk about that soon) and issued one term sheet (I hope to talk about that soon, we’ll see!). It has also coincided with the kickoff of our Launchpad LA educational series which has taken some of my time.
socalTECH
MAY 13, 2010
Los Angeles-based Oversee.net , the domain name monetization and Internet marketing firm run by Jeff Kupietzky, continues to rack up million dollar domain names sales. The firm is reporting today that its SnapNames and Moniker units just closed an auction at DOMAINfest in Florida, where the domain name Dating.com was sold for $1.75M, beating out such domains as BoardGames.com ($450,000), Therapists.com ($50,000), and Antidepressant.com ($30,000) in worth.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
SoCal Tech Calendar
MAY 14, 2010
Thursday, May 20, 2010 -- Splunk Users Group - Los Angeles. Edmunds.com will be hosting Los Angeles' first ever Splunk user group meeting at their Santa Monica office on May 20th. Do you 'Splunk' your IT data? You don't, but you always wanted to? Come to the very first Splunk user group of Los Angeles meetup and meet other Splunk users. Share how you use Splunk and learn from others who do.
Tech Coast Venture Network
MAY 8, 2010
Photo Credit: karramarro The last decade has witnessed an erosion of privacy and personal rights unlike any other in history. Increased surveillance (both voluntary and involuntary) and our willingness to participate in the wholesale bartering of personal information (profiles, location data, likes/dislikes, friend networks, etc.) in exchange for the use of free tools and targeted advertising has led to a cult-of celebrity, attention-seeking culture that has Andy Warhol's 15 minutes of fame esti
socalTECH
MAY 12, 2010
San Diego-based Scivee , which develops software for hosting scientific videos on the web, said today that it has added The American Journal of Preventive Medicine (AJPM), published by Elsevier, as a customer. Scivee said that Elsevier has signed an agreement to deploy the firm's products and services, which enable posting of videos which synchronize with scientific abstracts and articles.
Tech Zulu Event
MAY 11, 2010
Oh Craigslist, the place you go to find just about anything you may be looking for and then some. Well now there is a place startups can go to find just about anything a startup may need and its called Help A Startup Out (HASO). The categories are made up of "Advisors", "Feedback Needed", "Co-founder Wanted", "Rants And Raves", "Education", "Looking for Funding", "Office Space" and "Services", and "Startup Jobs".
SoCal Tech Calendar
MAY 14, 2010
Thursday, May 20, 2010 -- Lessons from An Extreme Entrepreneur. AccessEN. Renney Senn will share with us some key, and sometimes gut wrenching lessons learned, from someone who has ridden the entrepreneur's roller coaster multiple times in a variety of different corporate settings. Mr. Senns presentation will be interwoven with inspiring and amusing anecdotes from a remarkably diverse history.
Startup Professionals Musings
MAY 12, 2010
Deciding to be an entrepreneur is a lifestyle and career move. You shouldn’t be making this decision just because you are mad at your boss, you would like to be rich, or someone else thinks it’s a good idea. In these changing times, if you already have a startup, maybe it’s time to rethink your existing strategy. Formally, that’s called developing and maintaining a strategic plan.
socalTECH
MAY 10, 2010
Pasadena-based Guidance Software , a developer of digital forensics and ediscovery software, announced today that it has acquired "substantially all" of the assets of Tableau, LLC , a developer and manufacturer of computer forensics hardware. Guidance said it paid $12.3M in cash for Tableau. Guidance said the acquisition would extend its leadership in the computer forensics area.
Tech Zulu Event
MAY 10, 2010
Recently there has been a whole slew of location based apps popping up for every industry. Then another set of apps on top that focused on a certain niche within that industry. Most are not worth the time or energy to check in but there are the few which catch some attention. Uppward , an all new social app that allows you to add flights, check in and see who else is going to be flying with you, is one of those apps which caught my attention.
SoCal Tech Calendar
MAY 14, 2010
Thursday, May 20, 2010 -- Tech Coast Angels Mixer Angel/Entrepreneur Meetup. LA Angel Investors Looking for Great Entrepreneurs to Fund If you are an entrepreneur with a new business or idea and want to talk to angel investors, dont miss the Tech Coast Angels LA Angel/Entrepreneur Mixer. Join Tech Coast Angels members and other active investors and entrepreneurs in a relaxed, informal environment to mix, mingle and discuss new business ideas and how to get funded.
Startup Professionals Musings
MAY 11, 2010
For a few, delegating comes easily, maybe too easy. For others who are perfectionists, letting go of even the most trivial task is almost impossible. If you are in this second category, you probably don’t like the references behind your back that you are a “control freak” or a “micro-manager.” The challenge is delegating the right things, and not delegating the wrong things.
socalTECH
MAY 11, 2010
Irvine-based Kofax , a supplier of document management tools, reported today that it has won a contract worth more than $300,000, to supply an invoice processing solution to an un-named, software maker. Kofax said it is automating invoice processing and accounts payable for a "leading provider" of design, engineering, and entertainment software. Tags: kofax document management software.
Tech Zulu Event
MAY 12, 2010
Listed below are some of the top picks from CheapCheapCheap.com , a bargain hunting webpage based out of Southern California, CA. Offers typically don't last long - either they run out of stock, or they change the prices due to high demand! Act quickly if you're interested, or you may be too late. Games. Walmart lately has been having great promotions on their video games.
SoCal Tech Calendar
MAY 14, 2010
Thursday, May 20, 2010 -- SoCal AMA Mixer. The SoCalAMA mixer in Santa Monica a few months ago turned out to be a smash hit - our best attended event of the year. With the summer blockbuster movie season just around the corner, in true Hollywood style, we're doing a sequel! See [link] (more).
Startup Professionals Musings
MAY 8, 2010
It takes a great entrepreneur with a great vision to start a business, but it takes a collaboration of many people to make it a success. That’s where leadership comes in as a key ingredient, to drive the collaborative process to make the whole team better than the sum of the parts. I was just reading a new book by my friend Amilya Antonetti, titled “ The Recipe: A Fable for Leaders and Teams ” which illustrates the key concepts with stories and specific guidance on how to develop your natural le
socalTECH
MAY 13, 2010
Santa Barbara-based BioIQ , a developer of health screening kits and related online services, has scored a win with UnitedHealthcare. According to UnitedHealthcare, it is now offering at-home, health screening kits for corporate wellness programs, which will help companies screen employees for such conditions as diabetes and heart disease. The kits are coming from BioIQ, and will be available nationwide.
Both Sides of the Table
MAY 13, 2010
I’ve been thinking a lot about what it takes to be a great leader and seem to be having this conversation a lot lately about Facebook, Yahoo!, Zynga and others. I wrote several of the characteristics when I did the Top 10 (11) Attributes of an Entrepreneur. One thing that I’ve realized over the years is that to be an effective leader you can’t aspire to be loved by everybody.
SoCal Tech Calendar
MAY 14, 2010
Thursday, May 20, 2010 -- UCI TechPortal Event. On Thursday, May 20, 2010, Calit2 will unveil a new technology business incubator located in the institute's building at UC Irvine. TechPortal is a one-stop shop for fledgling companies; the nearly 1,500-square-foot incubator offers affordable space, access to facilities and services, business programs, expertise and mentoring for up to eight companies at a time.
Startup Professionals Musings
MAY 14, 2010
Everyone seems to like the aspect of being an entrepreneur that goes with “being your own boss” and “able to do things my way.” But sometimes they forget that this kind of freedom comes with a price of personal accountability. Accountability means “the buck stops here,” and “all the failures are mine.” Too many people seem to do whatever it takes to avoid accountability, both before and after the fact.
socalTECH
MAY 11, 2010
Jason Calacanis , CEO of Santa Monica-based search site Mahalo , said Tuesday afternoon that he and TechCrunch's Michael Arrington have parted ways, and will no longer be running the TechCrunch50 conference. According to Calacanis, in a letter to his private email distribution list, he is starting a new conference called the Launch Conference. Calacanis says the new conference will be "the same exact as TechCrunch50" except that he will invest all of the profits from the conference into the comp
Berkonomics
MAY 12, 2010
Equity is the currency of early stage businesses. The truth of this statement may be obvious, but the execution of a good incentive program using equity is often mismanaged, damaging the corporate capitalization structure and even affecting the outcome of subsequent investment into the company. First, a brand new enterprise is often formed from the efforts of several “partners”, each with an expertise valued by the others.
SoCal Tech Calendar
MAY 14, 2010
Thursday, May 20, 2010 -- Accelerate Your Revenue. A joint program with On Demand Advisors and Technology Council. If you are a software, cloud-computing or technology company and want to grow your revenue predictably and profitably, you should attend this 5 hour Revenue Acceleration Workshop. This Workshop is designed for executives who are looking for a proven and capital efficient way to consistently grow their revenue without costly marketing and sales experimentation.
Startup Professionals Musings
MAY 9, 2010
Why is it that most of the business plans I see are really product plans? I define a product plan as a detailed description of your product or service, with a bit of business thrown in at the end. A business plan is a detailed description of your business, with a bit of product description thrown in near the front. Don’t get me wrong. It’s definitely positive to have a product plan.
socalTECH
MAY 11, 2010
West Hollywood-based SocialVibe , an online site which combines social media with support for brands and charities, has raised $11.65M in a Series C funding round, according to a regulatory filing by the firm Monday. No details on the funding have been announced by the company. SocialVibe has previously raised funding from JAFCO American Ventures and Redpoint Ventures.
socalTECH
MAY 10, 2010
West Hollywood-based Geni.com , the online genealogy and family tree site, said Monday afternoon that it has rolled out a new product--one that takes the family tree from the service, and turns it into a paper poster. The firm said that the posters take five generation family trees, including family names, dates, and photos, and prints them in 16" x 20" format.
socalTECH
MAY 11, 2010
Irvine-based WebVisible , which helps small businesses place online advertising, said this morning it is in a big hiring push, and is immediately looking to hire over 75 employees across sales, IT, software engineering, and product design positions. According to the firm, it is also opening a new office in Playa Vista in the Electronic Arts building, and has a significant number of positions it is hoping to fill at the location.
socalTECH
MAY 13, 2010
Aliso Viejo-based Enclarity , a developer of healthcare information solutions, recently received an investment from Nashville, Tennessee-based Emdeon. Financial terms of the investment were not announced, however, Emdeon said that the minority equity investment will go to fund development and implementation of several additional healthcare efficiency projects at Enclarity.
socalTECH
MAY 13, 2010
Storage hardware developer Adaptec is shutting down its Lake Forest, Orange County site, according to sources close to the company. No details on the shutdown have been given, and Adaptec has not returned emails and phone calls requesting confirmation of the move. Adaptec moved into Lake Forest in August of 2008, when it acquired Aristos Logic , a developer of RAID chips and technology.
socalTECH
MAY 11, 2010
Los Angeles-based Ad.ly , the Twitter advertising firm headed by Sean Rad, is announcing today that it has raised $5M in a new round of financing. The round comes from GRP Partners, Greycroft Ventures, and Matt Coffin, the founder of LowerMyBills. The firm also said that it has named Arnie Gullov-Singh as CEO of the company. Singh was most recently EVP of Product, Technology, and Operations at News Corp.
socalTECH
MAY 12, 2010
Monrovia-based AeroVironment , which manufactures unmanned aircraft systems, said Wednesday that it has received an $11.2M order from the U.S. Army for its Raven small unmanned aircraft systems. According to Aerovironment, the order covers 63 of its Raven, and will be used by the Army, Marine Corps, Special Operations Command and other U.S. military services.
socalTECH
MAY 10, 2010
Los Angeles-based IVT , which develops webcasting software, said Monday that it has renamed itself MediaPlatform , as the firm looks to define itself better as a provider of cloud-based media solutions. The firm said that its customers are looking for "much more than just a webcasting solution," and that the firm's offerings have evolved to serve those other needs.
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