socalTECH
JULY 27, 2018
Santa Barbara-based Sonos, the developer of user-friendly, Internet-connected, whole-home audio systems, is expected to hit the market next Friday, August 3rd, according to the NASDAQ IPO Calendar. Sonos is looking to sell 13,888,888 shares of its common stock at between $17.00 and $19.00 per share. Actual pricing on the IPO should occur Thursday night.
L.A. Business Journal
JULY 24, 2018
Dave Inc., a Mid-Wilshire tech startup backed by celebrity investor Mark Cuban just raised $10 million of a planned $15 million in its latest debt financing round.
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Berkonomics
JULY 26, 2018
What a powerful set of three questions. These are so succinct, so well defined, so precise that everyone in sales and everyone involved in marketing must be able to answer these three questions without pause, and convincingly. Turning these into statements instead of questions provides a framework for the sales presentation from the highest levels of collateral materials and marketing support, to the salesperson on the front line.
SoCal Tech Calendar
JULY 26, 2018
Wednesday, August 1, 2018 -- ACG 101's Women in Corporate Growth Social. Join ACG 101's Women in Corporate Growth committee for a private, champagne meet-and-greet with Lauren B founder and beauty industry expert, Lauren Berkovitz. Come to learn what Lauren is seeing in the world of high-end beauty products, and toast the new Women in Corporate Growth members!
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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.
socalTECH
JULY 24, 2018
San Diego-based Applied Data Finance , which is developing technology used for credit modeling, loan origination, and asset management, said on Tuesday afternoon that it has raised $145M in a combination of equity and debt. The funding came from MAI Capital Management, LLC (MAI), Victory Park Capital Advisors, LLC (VPC) and Park Cities Asset Management, LLC (PCAM), along with family office investors.
L.A. Business Journal
JULY 27, 2018
Cheviot Hills-headquartered anti-hacking startup Cesppa Inc. closed a $1.5 million seed round July 26, according to a Securities and Exchange Commission filing.
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
JULY 26, 2018
Wednesday, August 1, 2018 -- ACG 101 Summer Social at the Stonehaus. Join ACG 101 and ACG 101's Women in Corporate Growth the evening of August 1st at the beautiful Westlake Village Inn Stonehaus for our annual Summer Social. This always-popular gathering brings together ACG Members, Sponsors, friends - new and old - past program presenters and other special guests for an evening aimed at nothing but the enjoyment of one another's company!
socalTECH
JULY 26, 2018
In the second win in the country of India announced to Camarillo-based Semtech this week, the analog and mixed signal semiconductor developer said this morning that it has signed up another customer in India. According to Semtech, Ahoy Systems, an an electronic design house and OEM for several smart city devices, is using its technology for "smart" street lighting solutions.
L.A. Business Journal
JULY 24, 2018
Westwood-based Immortals, an e-sports competition league with worldwide reach, announced today an investment from Meg Whitman, who also joined the company’s board of directors.
Xconomy
JULY 27, 2018
The devil is in the details, and key clinical trial results made that abundantly clear this week. Eisai and partner Biogen released the highly anticipated details of an Alzheimer’s disease study they had already deemed positive, after an initial failure. In one sense, the study was the success they have claimed. A high dose of the drug appeared to have a positive impact on patients, compared to placebo.
SoCal Tech Calendar
JULY 25, 2018
Thursday, July 26, 2018 -- Should You Use a Finder to Help You Raise Capital? Tech Coast Venture Network. You've been banging your head against the wall for months - perhaps years - looking for capital, but you can't seem to be getting any traction. And whenever anyone expresses any interest in talking to you, you stumble your way through a very awkward discussion of terms for which you haven't the slightest idea about.
socalTECH
JULY 26, 2018
Los Angeles-based electric car developer Faraday Future --which was just rescued via a last minute funding lifeline in June--has yet to ship its vehicles, but has gone ahead and jumped on the Blockchain to "set global automaker standards for blockchain". According to Faraday Future, it has joined the MOBI Blockchain Consortium, where its FF Head of Product for Vehicle Software Platform, Shyam Sundar, will become part of key workgroups for MOBI.
L.A. Business Journal
JULY 25, 2018
El Segundo’s Stamps.com Inc. announced today a definitive agreement with United Kingdom supply chain management company MetaPack Ltd. to buy the company for approximately $230 million in cash.
Startup Professionals Musings
JULY 27, 2018
As an occasional angel investor, I always ask for a business pitch to get me in the mood. I’m still amazed at how many technical entrepreneurs don’t have a business pitch, and offer me their product pitch or product spec instead. I’m a technologist, so I always love to learn about the product, but every investor needs to make sure you have a business, as well as a product.
SoCal Tech Calendar
JULY 25, 2018
Tuesday, July 31, 2018 -- CTO Mixers: Cruise w/ Anita Sengupta of Virgin Hyperloop. CTO Mixers is a curated, invite-only event. Geared at C-Level, SVPs in the Enterprise and high quality entrepreneurs.
socalTECH
JULY 24, 2018
Camarillo-based Semtech , which develops analog and mixed signal semiconductors, says that its LoRa wireless radio frequency technology has been deployed in India. According to Semtech, Hanbit, a provider of end-to-end automation products in the gas, water, and electricity metering market, is using its LoRa devices in its smart meters. Shipping volumes and expected financial impact of the win were not announced.
L.A. Business Journal
JULY 24, 2018
Dave Inc., a Mid-Wilshire tech startup backed by celebrity investor Mark Cuban has raised $10 million of a planned $15 million in its latest debt-financed round.
Startup Professionals Musings
JULY 25, 2018
Just as national cultures influence and shape a country, so does the startup culture set by founder strategy drive the future of a new venture. In top current companies, such as Google, Apple, and Netflix, cultural strategies that include greater employee freedom and fostering creativity are the norm. I believe this new focus on culture is a key to startup success today.
Xconomy
JULY 26, 2018
Qualcomm finally ended its almost two-year bid to acquire Dutch semiconductor maker NXP for as much as $44 billion last night, after it didn’t receive word from Chinese regulators about whether the deal, which was subject to global regulations, would gain approval. Instead, San Diego-based Qualcomm said it plans to repurchase $30 billion of shareholder stock.
socalTECH
JULY 23, 2018
Irvine-based semiconductor maker Skyworks announced a new board member this morning, saying it has added Kimberly S. Stevenson to its board of directors. Stevenson is Senior Vice President and General Manager of Data Center Products and Solutions for Lenovo, and also has served at Intel Corporation and Electronic Data Systems, plus spent more than 17 years at IBM.
L.A. Business Journal
JULY 24, 2018
March Capital raises $12M for Xage; Snap syndicates Complex content; Meg Whitman dives into e-sports
Startup Professionals Musings
JULY 23, 2018
Many entrepreneurs and small businesses I know are struggling with business-threatening issues, but are reluctant to seek any assistance. Some assume that the help will be too expensive or doesn’t exist, but I find that others are just horribly uncomfortable asking for any kind of help. This results in personal and business failures that could have been easily prevented.
Xconomy
JULY 24, 2018
Applying sunscreen while outdoors is a long accepted way to help keep our skin safe from sunburn and cancer. Yet the Centers for Disease Control and Prevention says less than a third of women, and even fewer men , report using it when going outside for more than an hour. “You should put it on more frequently and, really, do it daily” but applying sunscreen can be sticky and unpleasant, says Kristen McClellan, co-founder and CEO of SnappyScreen.
socalTECH
JULY 27, 2018
Los Angeles-based Evite said this week that it has launched a new set of premium product offerings for its online invitations service. The company said the Evite Premium experiences allow its users to customize their digital invitations, envelopes, stamps, and inserts, and is aimed at professional use, corporate events, office holiday parties, open houses, and others.
L.A. Business Journal
JULY 23, 2018
Snapchat shutters SnapCash; Overwatch gets Nerf prototype; another SpaceX satellite launches
Startup Professionals Musings
JULY 21, 2018
One of the simplest questions I get from aspiring entrepreneurs, and ironically one of the hardest, is “How do I start?” I want to tell them to just start anywhere, but I realize that most have no idea where anywhere is. They just aren’t prepared for the life they want, and are really asking me how to learn to be an entrepreneur. It takes more than passion and a course on business basics.
Xconomy
JULY 24, 2018
Nabriva Therapeutics has acquired Zavante Therapeutics in a stock deal that brings to the antibiotics developer an FDA-ready drug. Under the deal terms announced after the market close Tuesday, San Diego-based Zavante received an upfront payment of 8.2 million Nabriva (NASDAQ: NBRV ) shares. Nabriva, which splits its operations between Ireland and King of Prussia, PA, finished the trading day at $3.30 per share, making that payment worth $27 million.
socalTECH
JULY 27, 2018
Los Angeles-based DevOps security software developer Prevoty , which is backed Trident Capital Cybersecurity, US Venture Partners, Plus Capital, Double M Capital, Core Ventures Group, Inventures Group, Daher Capital, Digi Venture Fund and Karlin Ventures, has been acquired by Imperva , Imperva announced late Thursday afternoon. Imperva said it would pay $140M in cash for Prevoty, subject to potential working capital and other adjustments.
L.A. Business Journal
JULY 26, 2018
Virgin soars to new heights; Open Listings hits $1 billion; Chrome River goes to Europe
Startup Professionals Musings
JULY 22, 2018
Too many entrepreneurs I know still believe that that their great idea will carry the startup, and they may even minimize their own value, especially if they have introvert tendencies. Yet most investors agree that the “idea” is worth nothing alone, and it’s the entrepreneur execution that counts. That means that selling yourself is more important than selling your idea.
Xconomy
JULY 24, 2018
This fall, we are convening exemplary business leaders, investors, and far-seeing technologists for an in-depth exploration of the innovation ecosystem and its impact on the future. Come join us at our newest interactive conference, XCON: The Xconomy Conference on Technology and Transformation. It spans three days, November 4-6, and three innovation venues in the Boston area: Café ArtScience, the Institute of Contemporary Art, and Google.
socalTECH
JULY 26, 2018
Virgin Galactic had a third, successful test flight of its VSS Unity spaceship on Thursday from Mojave, the company said this morning, sending the spacecraft to 170,800 feet at 2.47 times the speed of sound. According to Virgin Galactic, the flight is the first for the spacecraft to that altitude, which is classified as the "Mesosphere"--the upper range of balloon flight.
L.A. Business Journal
JULY 25, 2018
Snap Lab division chief resigns following Spectacles fallout, Stamps.
socalTECH
JULY 26, 2018
San Diego-based Zavante Therapeutics , a biopharmaceuticals firm developing injectable antibiotics for multi-drug resistant bacteria, has been acquired by Nabriva Therapeutics. According to Nabriva, it will pay 8.2 million shares of its stock, plus up to $97.5M based on future milestones, for Zavante Therapeutics. The deal is worth approximately $124M.
socalTECH
JULY 26, 2018
Los Angeles-based Chrome River Technologies , which develops expense and invoice automation software, is expanding overseas today, saying that it has launched a new, German subsidiary. According to the company, Chrome River Germany will direct sales operations, and offer implementation and ongoing support services to customers across mainland Europe.
socalTECH
JULY 25, 2018
South San Francisco-based Alector , a biotechnology company focused on finding treatments for neurodegenerative diseases and cancer, announced Wednesday that it has raised $133M in a Series E funding round. The company--which is backed by Thousand Oaks-based Amgen--said the funding came from Deerfield Management, AbbVie Ventures, Federated Kaufmann Fund, Section 32, Euclidean Capital, Foresite Capital, Lilly Asia Ventures, New Leaf Venture Partners, Perceptive Advisors, Casdin Capital, Polaris P
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