Both Sides of the Table
OCTOBER 12, 2014
'Prorata rights are one of the most important rights of a private market technology investors and yet are seldom fully understood. They often create the biggest tensions between investors who are investing at different stages in the business. These tensions seep out in some angels or seed funds publicly or semi-privately deriding later-stage VCs for their “bad” behavior.
InfoChachkie
OCTOBER 13, 2014
'A version of this article previously appeared in Forbes. Accomplished entrepreneurs appreciate the importance of crafting a succinct, well rehearsed description of their venture. This concise summary can be comfortably told during the duration of a reasonably brief elevator ride. Hence the term "elevator pitch.". In contrast, a Personal Pitch differs from the classic elevator pitch, as the focus is on you and not your venture.
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socalTECH
OCTOBER 16, 2014
'Los Angeles-based Spreeify , the developer of display ad technology which is led by Ruben Dua, has rolled out a new product aimed at the mobile market. According to the company, it has launched its Mobile Rich Media Ad Platform, a product which helps advertisers maximize their mobile ad dollars, with tools for ad authoring, a creative library, and analytics engine.
Berkonomics
OCTOBER 16, 2014
'Especially for social media-based businesses, we all need to recalibrate our thinking about who is the teacher and who is the student. There is nothing wrong with a manager slowing a conversation to ask for more background when speaking to an often-younger and more involved associate. You know what I mean… The conversation goes something like this: “We found it on x site and using y app with z as our data object.”.
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Both Sides of the Table
OCTOBER 15, 2014
'Much has been written about when it is time to hire a “professional CEO” to run a startup company and of course that has long been a norm in Silicon Valley when founders find that their inexperience may be a limiting factor in company growth ( know as the Peter Principle ). Much less has been said about when the technical CEO is the best person to run the company.
Startup Professionals Musings
OCTOBER 11, 2014
'We’ve all heard the old joke “In a bacon-and-egg breakfast, the chicken is involved, but the pig is committed.” This quote epitomizes the true essence of commitment. We all know at least one small business owner who claims to committed, but seems to treat the business like a part-time hobby. They don’t put personal skin in the game, and are quick to give up when things are tough.
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Tech Zulu Event
OCTOBER 16, 2014
'TechZulu is proud to help celebrate L.A.’s awesome startups and entrepreneurs with 5 days of events across the city! General Admission registration includes access to all official free and open events, including morning coffee clubs and all-day open co-working lounges we like to call Basecamp. Basecamp & Co-Working Lounge (general admission).
socalTECH
OCTOBER 14, 2014
'Los Angeles-based Speakr , which provide social influence marketing to brands, said today that it has raised $2.9M in a seed funding round. The funding came from Allegro Venture Partners, Brett Hurt (Bazaarvoice), Ed Snider (Comcast Spectacor), Nick Gross (STRZ Enterprises), as well as others. The company--which was formerly called twtMob--said the funding will go to extend its offerings.
socalTECH
OCTOBER 17, 2014
'Santa Monica-based voice and texting API developer CallFire said this week that it has just hit two billion messages send via its platform, and decided to donate $10,000 in credits on its service to a nonprofit to celebrate the milestone. According to CallFire, it donated $10,000 in credits on the service to fitkidsAmerica , a nonprofit which fights childhood obesity through after school programs and camps, in the name of its customer, Flywheel , which sent the two billionth message.
socalTECH
OCTOBER 15, 2014
'The Disney Accelerator , the startup accelerator sponsored by Walt Disney and being run by TechStars, had its demo day Tuesday, showing off the nine companies to emerge out of the accelerator. Among the announcements at the demo day were the funding of smartphone toy company SnowShoe , and an acquisition of Smart Toy , a developer of an interactive toy.
socalTECH
OCTOBER 16, 2014
'Aliso Viejo-based chipmaker Microsemi Corporation said this morning that it has hit a major shipping milestone, and has now shipped over 1 billion voice line circuits. The company said the number comes after more than three decades in the field. The company develops voice line circuits used for voice-over-IP, broadband gateways, and other applications.
socalTECH
OCTOBER 13, 2014
'Donuts Inc. , the generic top level domain (gTLD) registrar which has an office in Los ANgeles, said today that it has just registered its one millionth Internet address. The registration comes less than ten months since Donuts started accepting new domain registrations. Donuts said that there are now almost 2.7 million registrations for gTLDs globally.
socalTECH
OCTOBER 13, 2014
'Los Angeles-based Vyu , which is developing a personalized, mobile entertainment guide service, said this morning that it has raised $825,000 in a seed funding round. The funding came from Jabbar Internet Group and other investors. The startup, led by Ahmed Nassef. The company says its service helps viewers follow, share and discover TV and video via their mobile devices.
socalTECH
OCTOBER 13, 2014
'Los Angeles-based Velocify , which develops cloud-based, sales automation software, has scored a win over at eHarmony. Financial impact of the deal was not announced. Velocify said that eHarmony is using the company''s lead management tools for eH+, eHarmony''s new premium matchmaking service. Velocify''s cloud-based software helps ensure that clients receive quick responses to inquiries, and also helps marketers better prioritize clients and opportunities.
socalTECH
OCTOBER 14, 2014
'Los Angeles-based Evolve Media --the parent company of CraveOnline and TotallyHer--has rolled out a brand new video ad product, the company said today. The company said its new INglibe offering will provide premium, in-view video ads, which rolls out a video player when people roll past an article. The company said its new advertising offering will reach over 100 million monthly impressions across its enthusiast sites.
socalTECH
OCTOBER 14, 2014
'Have an electric vehicle, but always fighting for a charging station at work? It might be time to get a job over at Sony Pictures Entertainment , which apparently has installed the largest, corporate deployment of charging stations in Southern California. NRG eVgo , the unit of NRG Energy which installs electric vehicle charging stations, says that it has installed and will manage 60 charging stations at Sony Pictures Entertainment.
socalTECH
OCTOBER 17, 2014
'In an example of how an electric car is not just a disposable, electronic device, a group of early owners and supporters of Telsa Motors electric vehicles are protesting a lack of an upgrade path for their cars. The owners--led by Los Angeles investor Richard Wolpert--are asking the car company to provide a retrofit of the new AutoPilot features into their existing vehicles.
socalTECH
OCTOBER 17, 2014
'Thousand Oaks-based Teledyne Technologies said Thursday that it has scored a major, marine defense electronics contract, as part of a U.S. Navy submarine program. Teledyne did not say how much the contract was worth. Teledyne said the win came via its Teledyne Oil & Gas group, and was awarded a contract by General Dynamics Electric Boat of Groton, Connecticut.
socalTECH
OCTOBER 17, 2014
'Los Angeles-based financial automation software developer BlackLine said Thursday that its Q3 revenues were up over 50 percent, as a result of customer growth at the company. Actual financials were not released by the company. BlackLine said that it now has over 100,000 users of its software, which is used by companies for automating their financial close processes.
socalTECH
OCTOBER 16, 2014
'San Diego-based marketing analytics developer Anametrix has been acquired by Silicon Valley company Ensighten , according to the companies. Financial terms of the acquisition were not disclosed. Ensighten said it will use the acquisition to accelerate the next generation of its open marketing platform. Anametrix was venture backed by TVC Capital, and had announced only $5.5M in funding in total.
socalTECH
OCTOBER 16, 2014
'Torrance-based DocMagic , which develops loan document preparation and compliance software, said Thursday that it has acquired eSignSystems , a provider of electronic signature products, from Wave Systems Corp. Financial terms of the buy were not disclosed. As part of the acquisition, DocMagic said it is bringing on the entire management team of eSignSystems to the company.
socalTECH
OCTOBER 16, 2014
'Encino-based Phorus , the developer of wireless home audio speaker technology which is now owned by DTS, said it has launched a new product called the Phorus PS5. The new speaker lets users stream audio from their iOS, Android, and Windows PCs to multiple rooms over Wi-Fi. The company is promoting the new speaker line with a music video from the group Run River North.
socalTECH
OCTOBER 15, 2014
'Venice, California-based instant messaging app developer Snapchat --in light of the massive breach of compromising photos leaked from the service via an unauthorized, third party service reiterated Tuesday that third party apps are a threat to the community. The company--which says it hasn''t provided a public API due to the time and resources to "build an open and trustworthy third-party application ecosystem"--said that giving login credentials to third party applications allows developers--a
socalTECH
OCTOBER 15, 2014
'Aliso Viejo-based H3 Financial Services , a developer of web-based software for managing consumer finance and billing for the dental and veterinary market, has scored a Series A investment. Size of the investment was not announced. The funding came from Newport Beach-based Connexus Equity Management Partners. H3''s software-as-a-service provides credit, billing, and payment options for customers of dental or veterinary practices, who typically do not have insurance coverage for those services.
socalTECH
OCTOBER 15, 2014
'San Diego-based Qualcomm said this morning that it has launched a new, San Diego startup accelerator, which is being powered by Techstars. Qualcomm said its Qualcomm Robotics Accelerator will focus on helping to accelerate the development of a next generation of robotics and intelligence machines. Qualcomm said it will invest a total of $1M in funding to support program participants, and will initially select 10 companies to participate in the program.
socalTECH
OCTOBER 14, 2014
'Santa Barbara-based whole home music system developer Sonos said Tuesday that it has rolled out a new product, the Boost , which helps provide a better wireless network for the company''s music system. The company said the new device plugs into a user''s Internet router, and is able to work through walls and ceilings and avoid interference from other, wireless devices.
socalTECH
OCTOBER 13, 2014
'Tesla Motors , the electric car company led by Elon Musk, rolled out its latest automobile in Los Angeles last week, showing off a new version of the Model S that includes dual motors, and new "autopilot" functionality which can help drivers change lanes, keep within the speed limit, and avoid collisions. The new Model S uses a forward radar and 12 ultrasonic sensors to allow the car to automatically change lanes for a user, and steer away from danger.
socalTECH
OCTOBER 17, 2014
'Los Angeles-based Upfront Ventures is one of the investors in iPad toy maker Osmo , which said yesterday that it has raised $12M in a Series A funding. Osmo--which is based in Palo Alto--said it raised the funding from Accel Partners, along with Upfront Ventures and K9 Ventures. Osmo develops a hardware device which connects real life toys with apps running on the iPad.
socalTECH
OCTOBER 17, 2014
'Culver City-based Sofie Biosciences has scored a $1.5M, Phase II SBIR award for its Positron Emission Tomography (PET) imaging technology, the company said Thursday. The company said the SBIR award came from the National Cancer Institute (NCI). The company--which is developing PET probes, scanners, and chemistry systems, said the contract will support further development of its products.
socalTECH
OCTOBER 16, 2014
'Los Angeles-based Wilshire Axon Sports , which develops software to help sports teams connect with their fans via social media, has raised $2.0M in a funding round. The funding was led by Mosaik Partners, and also included KGC Capital and Albrekca LLC. The company said it will use the funding for sales and marketing, as well as product development.
socalTECH
OCTOBER 16, 2014
'Encinitas-based cloud communications service provider FreedomVoice said Wednesday that it has named three new people to its executive team. The company--which provides its systems to small and mid-sized businesses--said it added Cedar Coleman as Director of Customer Care, Nitin Tomar as the Product Director, and Kim Kleber as Director of Marketing.
socalTECH
OCTOBER 15, 2014
'In at least the third piece of accelerator-related news today, San Diego-based life sciences equipment maker Illumina said it has made an investment in three startups, as part of its first, startup accelerator class. Illumina--which has its own startup accelerator called the Illumina Accelerator--said it has selected Encoded Genomics , EpiBiome , and Xcell Biosciences to participate in its startup accelerator, who will gain a seed investment, business guidance, and access to its equipment as pa
socalTECH
OCTOBER 15, 2014
'San Diego-based Qualcomm said late Tuesday that it has reached an agreement to acquire CSR plc , in a deal worth approximately $2.5 billion. CSR is a developer of Bluetooth and audio processing technologies. According to Qualcomm, CSR will be acquired by its subsidiary, Qualcomm Global Trading Pte. Ltd. Qualcomm said the acquisition will help it in the areas of Internet of Everything (IoE) and automotive infotainment.
socalTECH
OCTOBER 15, 2014
'San Diego-based OneRof Energy , the provider of solar lease financing and solar installation services for the residential market, has raised $2M in a debt financing. The company said the funding came from New Resource Bank. OneRoof said the financing will go to lower its cost of funds on a pool of existing projects, and will free up additional working capital for the company.
socalTECH
OCTOBER 14, 2014
'Costa Mesa-based Emulex reported a win with HP, saying that it has rolled out a new set of I/O connectivity products for the HP ProLiant Gen9 rack and blade servers. The new products include 10/20 Gigabit Ethernet networking adapters, LAN on Motherboard modules, and Fibre Channel HBAs specifically designed for those servers. Financial impact of the deal were not announced.
socalTECH
OCTOBER 14, 2014
'San Diego-based DNAtrix , which is developing modified viruses intended to treat aggressive cancers, has raised $20M in a Series B financing. The funding was led by Morningside Ventures, and also included Mercury Fund, Targeted Technology Fund and others. DNAtrix say sit is modifying a common cold virus so that it specifically targets and kills cancer cells.
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