L.A. Business Journal
SEPTEMBER 23, 2017
Ryan Olliges' startup, 121C Inc., was founded to exploit the market inefficiency, and has signed multiyear contracts with undisclosed local rocket manufactures to buy carbon scrap and recycle the material into skateboards and longboards.
socalTECH
SEPTEMBER 27, 2017
Beverly Hills-based Livestream , a provider of online live video broadcasting tools, has been acquired by online video service Vimeo , Vimeo announced on Tuesday. Financial terms of the acquisition were not announced. Vimeo is owned by IAC. Livestream had raised around $14.7M in total investment, and ites investors have included Gannett Co. and others.
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Tech.Co
SEPTEMBER 26, 2017
Early this month Apple announced two new iPhones, the iPhone 8 and iPhone X. One of the biggest changes besides to the design on both was the addition of wireless charging using QI technology. With the addition of wireless charging you’d simply place your phone on a charging pad and it would start to charge, and some even support fast charging.
Xconomy
SEPTEMBER 27, 2017
San Antonio — A biomedical product developer, Watershed Idea Foundry, has created a method of identifying medical devices that have been implanted in the body that uses 3-D printing and its own software. The technology, which Watershed calls structural encoding, prints 3-D codes onto small metal markers that are frequently included in medical devices, which help locate an implant in the body with an X-ray or MRI.
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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.
L.A. Business Journal
SEPTEMBER 25, 2017
Video game voice actors end 11-month strike, Snapchat’s new augmented reality effect transforms the sky and OpenX acquires two advertising technology companies.
socalTECH
SEPTEMBER 26, 2017
Culver City-based Envoy Technologies a startup developing programs to help make electric vehicles available to disadvantaged communities, has received $1.5M in funding from the California Energy Commission, according to the company. Envoy said the grant will go to develop a shared, electric vehicle program for disadvantaged communities in the greater Sacramento Metropolitan and the California Bay Area.
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Xconomy
SEPTEMBER 25, 2017
Food delivery startups are catching on with more consumers, and that demand is whetting investor appetites. The $400 million that grocery delivery startup Instacart raised in March marked the largest deal for a U.S. food technology company in the first half of the year, according to new data from online investment marketplace AgFunder. San Francisco-based Instacart’s Series D round also led the way for California, which tops all states in deals made and dollars invested in agriculture and food t
L.A. Business Journal
SEPTEMBER 28, 2017
J2 Global Inc. of Hollywood announced on Thursday that Chief Executive Hemi Zucker will resign on Jan. 1, 2018 to become a managing principle of venture capital firm OCV Management.
socalTECH
SEPTEMBER 27, 2017
Kyriba , the financial software developer which got its start in San Diego, where it still has major operations, said today that it has raised $45M more in a funding round, led by Sumeru Equity Partners (SEP). The funding also included Bpifrance, Iris Capital, Daher Capital and HSBC. Kyle Ryland, Managing Partners at SEP, joins the company's board as part of the funding.
Startup Professionals Musings
SEPTEMBER 29, 2017
Most new entrepreneurs work alone in developing their idea or a solution to a problem, but ultimately realize that starting and growing a business requires more. Not many people have the bandwidth to simultaneously cover all the required bases in finance, marketing, manufacturing, and operations, as well as solution development. It takes a working team to build a business.
Xconomy
SEPTEMBER 29, 2017
San Diego’s Uprise Energy won the audience vote for best presentation at EvoNexus Demo Day, with a pitch that highlighted how its mobile wind turbines could help alleviate the plight of Puerto Rico in the wake of Hurricane Maria’s apocalyptic devastation. The startup event drew more than 400 people to Qualcomm’s San Diego headquarters late Thursday.
L.A. Business Journal
SEPTEMBER 28, 2017
J2 Global’s Hemi Zucker to step down, lead VC firm, Lockheed Martin ramps development of SR-72 at Palmdale’s Skunk Works and Snapchat launches sponsored World Lenses.
socalTECH
SEPTEMBER 29, 2017
A new report today, issued by E&Y, says that the global IPO market is on track to be the best year since 2007. However, local numbers show only one technology related IPO in the local market-- Sienna Biopharmaceuticals in Westlake Village. The E&Y Global IPO trends report said it expects the total global IPO volume to reach 1,600 to 1,700 deals and a total of $190 billion in proceeds this year.
Startup Professionals Musings
SEPTEMBER 27, 2017
One of the most common complaints I hear from entrepreneurs is that they are overwhelmed by the workload and stress of starting their company. Then there are the additional challenges of balancing the demands of family and friends. Having too much on your plate can turn your dream into a nightmare. Some people will tell you to just get a bigger plate, meaning hire some help.
Xconomy
SEPTEMBER 26, 2017
We are excited to announce the recipients of the first-ever Xconomy Awards. Big Idea Bridge Project Newcomer Amy Schulman Innovation at the Intersection Sangeeta Bhatia CEO Katrine Bosley Ed Kaye Commitment to Diversity Biogen & Women in Bio Joan Reede Young Innovator Armon Sharei Patient Partnership Nikhil Wagle Startup Spero Therapeutics Contrarian Tillman Gerngross X of the Year Rob Perez – Community Contribution of the Year Vicki Sato – Xport of the Year Lifetime Achievement
L.A. Business Journal
SEPTEMBER 29, 2017
SpaceX working on giant all-purpose rocket to travel around Earth, to moon and Mars; Disney launches DisneyNow app; and James Webb telescope launch again delayed.
socalTECH
SEPTEMBER 29, 2017
Elon Musk has detailed grand plans for how SpaceX expects to launch and land humans on Mars , including showing off a new transport spacecraft called the BFR, his plans for creating a base on Mars, and also talking about using rockets to transport people from any place on the earth to another in less than an hour. The details were unveiled at a speech by Musk at the International Astronautical Congress (IAC) in Adelaide, Australia.
Startup Professionals Musings
SEPTEMBER 25, 2017
In my years of mentoring entrepreneurs, a problem I have seen too often is low self-esteem, and over-compensating through arrogance and ego. These entrepreneurs find it hard to respect customers or team members, and their ventures usually fail. As a team member, low self-esteem leads to low confidence, poor productivity, and no job satisfaction. Fortunately, both can be fixed.
Xconomy
SEPTEMBER 27, 2017
Epic Systems may soon add its name to the list of companies with virtual assistant software that people can give instructions to and get information from. But those who say, ‘Hey Epic’ to initiate a man-to-machine conversation won’t be your average consumers. Instead, they’ll be doctors, nurses, and others who use the Verona, WI-based company’s healthcare software to do their jobs.
L.A. Business Journal
SEPTEMBER 26, 2017
AMC invests $20 million in Dreamscape Immersive, Google acquires Bitium and PodcastOne employee says he was told to inflate download numbers.
socalTECH
SEPTEMBER 28, 2017
Los Angeles-based venture capital investor OCV Partners has received $200M from j2 Global--and added outgoing j2 Global CEO Hemi Zucker--to ramp up its investments in technology companies. The little known venture capital investor says it invests between $5M and $40M in companies in the information technology, retail platforms, media & telecommunications, defense, life sciences & healthcare, and clean technology areas.
Startup Professionals Musings
SEPTEMBER 24, 2017
I’m sure that every one of us who has been out in the business world for a few years can look back with perfect hindsight and name a few college courses that we should have taken. What’s more disconcerting to me is that I can name a few that aren’t usually even offered, resulting in more than a few students graduating ill-prepared for the real business world!
Xconomy
SEPTEMBER 27, 2017
The venture rounds are over for Kyriba, a cloud-based provider of corporate treasury and financial management software that is based in New York and San Diego. After raising $23 million in a Series D funding round last September , Kyriba says today it has raised $45 million in a growth equity round led by Sumeru Equity Partners, a tech-focused private equity firm that specializes in mid-market deals.
L.A. Business Journal
SEPTEMBER 27, 2017
‘Handmaid’s Tale’ boosts Hulu subscription signups, Vimeo acquires LiveStream and Cloud9 Esports raises $18.7 million.
socalTECH
SEPTEMBER 28, 2017
Los Angeles-based financial automation software developer BlackLine says it has added the CEO of SolarWinds, Kevin Thompson to its board of directors. According to BlackLine, Thompson's experience as a ceo and previously CFO at several technology companies, including Surgient, SAS Institute and Red Hat, will help guide it through its next phase of growth.
Berkonomics
SEPTEMBER 28, 2017
Close. This post is longer than usual. For those negotiating equity allocations it covers some of the most complex issues to address in the process. I just couldn’t reduce it to far fewer words… Dave. Here is the warning: The execution of partnership equity allocations and 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.
Xconomy
SEPTEMBER 25, 2017
After launching a study to identify how tech hubs work, the leader of a nonprofit consortium created to boost Southern California’s startup ecosystem says he is focusing on three initiatives to supercharge the seven-county SoCal region as a hotbed for innovation. “Our focus is on priming the pump,” Steve Poizner said Friday, after providing an update on the Alliance for Southern California Innovation for board members of EvoNexus, an industry nonprofit group that operates pro bono tech incubator
L.A. Business Journal
SEPTEMBER 23, 2017
Northrop Grumman could be circling more business with its deal for ATK Orbital.
socalTECH
SEPTEMBER 27, 2017
Soraa , the UC Santa Barbara spinout which develops LED lighting technology, says it has installed its lamps at the Idemitsu Museum of Arts in Tokyo, Japan. Soraa said it was specifically selected to replace "dated" halogen lamps. Financial impact of the win was not announced. Soraa said it has developed LED lighting technology to offer "optimal" rendition of colors and shades of white.
Startup Professionals Musings
SEPTEMBER 23, 2017
Large corporations and conglomerates, the engines of growth and vitality in the twentieth century, have lost their edge and their image. They have proven themselves unable to innovate, and they have lost more jobs than they create. My friends who “grew up” with lifetime careers in General Motors, Exxon Mobil, or even IBM, are now often too embarrassed to even mention it.
Xconomy
SEPTEMBER 29, 2017
After drug pricing, count drug shortages among the hot button issues sparking patient ire. Last year, the FDA says, 23 drug shortages were reported , down from 26 the previous year (and 251 in 2011). But Hurricane Maria’s direct strike on Puerto Rico might put the progress made on reducing shortages to the test. The Pharmaceutical Industry Association of Puerto Rico lists 22 manufacturing sites on the island, operated by companies such as Amgen (NASDAQ: AMGN ), Pfizer (NYSE: PFE ), Bristol-Myers
socalTECH
SEPTEMBER 26, 2017
The Creative Artists Agency (CAA), the entertainment and sports agency which also is an active investor and partner of technology and media companies here, said this morning that it has received a an investment from Temasek , the $200 billion Singapore investment company. Size of the investment round was not announced, however, CAA said TPG Capital is still has the majority position in the company.
socalTECH
SEPTEMBER 26, 2017
Los Angeles-based OpenX has acquired Mezzobit and PubNation , two companies in the programmatic advertising space, the company said on Monday. Financial details of those acquisition were not announced by the company. According to OpenX, it plans to integrate Mezzobit and PubNation's tools into its platform. Mezzobit develops software used by publishers to track and control third party tags and pixels and how they interact with their sites, particularly in the are of page performance; PubNation d
socalTECH
SEPTEMBER 25, 2017
Los Angeles-based personalized advertising technology developer AdGreetz has been powering personalized ads for Indian e-commerce giant Flipkart , according to AdGreetz. According to AdGreetz, which is led by Eric Frankel, has been deploying its personalized ads on YouTube, Facebook, Instagram and Google AdWords for Flipkart as part of "Big Billion Days", which AdGreetz said is the Indian equivalent of Cyber Monday in the United States.
socalTECH
SEPTEMBER 29, 2017
Message from one of our longtime sponsors, Silicon Valley Bank: Commerce.Innovated. has opened up applications for their Winter 2017 class! Companies that are creating a solution that helps make payments, commerce, or fintech easier, safer, or better should apply here by October 9th. Commerce.Innovated. provides operational mentorship through access to fintech experts within and across the SVB and First Data networks.
socalTECH
SEPTEMBER 29, 2017
Carpinteria-based cloud software developer Procore Technologies , the rapidly growing startup which develops software used for managing construction projects, says it has partnered with Habitat for Humanity , and will provide its cloud-based apps to the nonprofit. According to Procore, it will provide unlimited use of its suite of products to Habitat for Humanity, via its non-profit foundation, Procore.org.
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