Berkonomics
JANUARY 25, 2018
Close. Accountants are trained, certified and usually quite experienced in financial analysis, both creating and reviewing data. Bookkeepers are often trained on the job although sometimes more formally and handle the physical work of accounting for the transactions. To expect a bookkeeper to provide analytical planning is to ask for something they often cannot provide, except in a cursory way.
socalTECH
JANUARY 23, 2018
The Alliance for Southern California Innovation , the nonprofit founed by Steve Poizner to help bolster Southern California's entrepreneurial ecosystem, said on Tuesday that it has named Andy Wilson as its first Executive Director. Wilson is a longtime Southern California technology veteran, having served as an executive at such companies as Overture Services, Yahoo!
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InfoChachkie
JANUARY 25, 2018
A version of this article previously appeared Forbes. Marcia Brown’s 1947 retelling of the classic French folktale Stone Soup is a de facto playbook for how to start a venture. In Ms. Brown’s version of this oft-told tale, three soldiers enter a small town during a time of war. Initially, all of the villagers flee to their modest homes and shun the soldiers’ request for food and lodging.
L.A. Business Journal
JANUARY 22, 2018
PacketFabric raises $25 million from NantCaptial, SpaceX Falcon Heavy testing delayed by government shutdown and organic perfumer Skylar Body raises $3 million.
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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.
SoCal Tech Calendar
JANUARY 24, 2018
Thursday, January 25, 2018 -- TCVN Workshop: Dysfunctional Teams and Founder Disputes. Fact: 62% of startup failures stem from founder or team conflicts. Learn what you can do to not fall into the same trap from an extraordinary panel of successful serial entrepreneurs. Working on a team can be tough, and sometimes, can be the reason a company fails.
socalTECH
JANUARY 22, 2018
Culver City-based PacketFabric , a startup working on connecting major, carrier-neutral colocation facilities with terabit-scale network technology, has raised $25M in a Series B funding, according to the company. The funding came from NantCapital, the venture investment arm of billionaire Dr. Patrick Soon-Shiong and his NantWorks effort. According to PacketFabric, it now has a presence at more than 150 Points of Presence (PoPs) in 17 metro markets.
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L.A. Business Journal
JANUARY 24, 2018
Meg Whitman tapped as chief executive of Katzenberg’s WndrCo; Snap’s VP of product to leave company; and SpaceX conducts Falcon Heavy static fire test.
SoCal Tech Calendar
JANUARY 23, 2018
Wednesday, January 24, 2018 -- ACG 101 Annual Women for Corporate Growth fundraising luncheon. Reserve your place today for our 7th Annual Women for Corporate Growth fundraising luncheon taking place on Wednesday, January 24, 2018. Therese Tucker of BlackLine will be interviewed by Jane Wells of NBC and proceeds will benefit A Place Called Home. Thanks to our amazing sponsors, we are proud to be providing college scholarships to multiple students from A Place Called Home.
socalTECH
JANUARY 24, 2018
Hawthorne-based SpaceX test fired the Falcon Heavy in Florida on Wednesday, in another step forward towards an actual flight of its new design. SpaceX posted a video of the static fire test, which lasted 22 seconds. The yet-to-launch Falcon Heavy uses 27 Merlin engines, and if successful will be the largest rocket since the Jupiter V was used in the U.S. moon missions in the 1960's.
Xconomy
JANUARY 22, 2018
In the coming years, artificial intelligence will have many transformative impacts, but the one perhaps most resembling science fiction will be the rise of autonomous physical systems: real-world systems that can make decisions for themselves. Of these autonomous systems, self-driving cars have captured the most attention. But the field of manufacturing, which represents one-sixth of the global economy, stands to be impacted as much by A.I.
L.A. Business Journal
JANUARY 26, 2018
Otter Media buys remainder of its digital businesses Fullscreen and Ellation; no one is going to win the Google Lunar X prize competition; and China’s JD.com aims for logistics facility in Los Angeles.
SoCal Tech Calendar
JANUARY 23, 2018
Wednesday, January 24, 2018 -- Investing in Startups and Crypto (Bitcoin)! 805Startups. We will be speaking with experts on how to invest in startups, ICOs and crypto currencies. Come to learn the basics and get advanced insights from some of the brightest investors and entrepreneurs in the space.
socalTECH
JANUARY 22, 2018
Los Angeles-based mobile game company Jam City said Monday that it has tied with Green Bay Packers' Ty Montgomery, to support a charity supporting foster care families via its game, Panda Pop. According to the company, Jam City is donating $15,000 to the Coalition for Children, Youth & Families as part of its partnership with Montgomery. Jam City said Montgomery--a running back for the Green Bay Packers--is helping to back a "Panda Pop Save the Babies Event" to raise money for the charity.
Startup Professionals Musings
JANUARY 22, 2018
These days, it is almost impossible to find a small business where everything is done at the home location, by full-time employees. We are in the age of outsourcing, by any of many popular names, including subcontracting, freelancing, and virtual assistants. These approaches allow your startup to grow more rapidly, save costs, but costly mistakes can lead to business failure.
L.A. Business Journal
JANUARY 23, 2018
Esports One raises $3 million to help viewers make sense of e-sports competitions; Snapchat to let users share content on other social networks; and Boring Co. pitches Culver City Council on tunneling plan.
Xconomy
JANUARY 23, 2018
With “Hey Google” and “Alexa” echoing from the expo halls of Las Vegas to millions of homes, the hype around voice-controlled computing is reaching a new peak in early 2018. Voice-controlled devices are permeating our world, and this new user interface is the future of computing—or so we are told by the companies purveying it. Countless pieces are written exploring all the wonderful things we can do with Google Assistant, Apple’s Siri, Microsoft’s Cortana, and Amazon’s Alexa—the latt
socalTECH
JANUARY 24, 2018
Santa Barbara-based venture capital investment firm Rincon Ventures is part of a new funding round for quality assurance software developer Rainforest QA. Rainforest QA said this week that it has raised $25M in a Series B funding, which came from Silicon Valley Bank, Bessemer Venture Partners, Sutter Hill Capital, Rincon Ventures, and Initialized Capital.
Startup Professionals Musings
JANUARY 20, 2018
As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. People cite sources like this recent Inc.com article “ 5 Reasons Why You Don't Need a Business Plan ,” or my own blog discussion on this subject, “ Situations Where A Business Plan Does Not Add Value.
L.A. Business Journal
JANUARY 25, 2018
Social media platform Greenfly raises $8.5 million; Songtradr raises $4 million in Series A funding round; and Apple launches patient health records app in Los Angeles.
Xconomy
JANUARY 23, 2018
To launch his first biotech startup, Dragonfly Therapeutics, Bill Haney went to private family offices, including one linked to the Disney family, rather than venture firms. Now the tech investor, entrepreneur and filmmaker is at it again, leaning on some of the same investors to fund Skyhawk Therapeutics, a new company joining an emerging race to target RNA with drugs.
socalTECH
JANUARY 24, 2018
Newport Beach-based Bonti , a biopharmaceuticals developer developing treatments for musculoskeletal pain, has raised $15.5M in a Series C funding round. The funding was led by City Hill Ventures. Bonti is developing a compound based on the botulinum neurotoxin, EB-001, aimed at use in acute pain relief. The company says it has now raised $36M in total funding.
L.A. Business Journal
JANUARY 25, 2018
Apple Inc. has reached out to Cedars-Sinai and Dignity Health to debut a system to allow patients to securely access medical records on their iPhones.
Xconomy
JANUARY 23, 2018
Facebook expanded its mea culpa on Monday for failing to prevent “bad actors” such as Russian entities from using the social media platform to distort democratic processes—notably the U.S. presidential election in 2016. The company unveiled another series of measures it’s taking to prevent malefactors, who hide behind false names, from spreading fake and incendiary political stories through the network’s news feed to influence voters.
socalTECH
JANUARY 25, 2018
Santa Monica-based Freenfly , a startup that helps brands tap into a network of content creators and brand advocates on social media, has raised $8.5M in a Series B funding, the company said today. According to Greenfly, the funding round was led by Alpha Edison, and also included Iconica Partners, Elysian Park, and Corazon Capital. Greenfly has now raised a total of $14.7M in funding.
SoCal Tech Calendar
JANUARY 23, 2018
Monday, January 29, 2018 --.
L.A. Business Journal
JANUARY 25, 2018
Greenfly, a developer of a social media engagement program, raised an $8.5 million Series B round led by Alpha Edison.
Xconomy
JANUARY 23, 2018
Pinterest did it. Square did it. And Coinbase did it, too. These unicorns have all given departing employees more than the standard 90 days to exercise their stock options. They’ve extended the window to exercise options for employees who have at least a minimum period of service. The tech recruiting site Triplebyte urged an even more generous arrangement.
socalTECH
JANUARY 26, 2018
Pasadena-based Tetra Tech , which provides global consulting and engineering services, said late Thursday that it has acquired Newport Beach-based BridgeNet , a developer of aviation technology. Financial details of the buy were not disclosed. BridgeNet is a developer of software, Volans, used for aerospace data analytics, environmental and acoustic modeling, and 3-dimensional airspace visualization for federal and commercial aviation customers.
Startup Professionals Musings
JANUARY 26, 2018
As an advisor to many new venture founders, I often hear their frustration at being told by investors “I love your idea, but come back when you have more traction.” As a member of an angel investment group, I have to admit this is probably the most common rejection we issue. The intent is to indicate that founder passion is not a substitute for real customers buying the product.
Xconomy
JANUARY 24, 2018
Apple said Wednesday it plans to introduce new features that will allow iPhone users to access parts of their medical records through the company’s Health app. The move could impact the interoperability of health records software and spark more competition in the health IT industry. Cupertino, CA-based Apple (NASDAQ: AAPL ) said it has updated the Health app’s Health Records section to make it simple for patients to download data from hospitals and clinics where they’ve received care.
socalTECH
JANUARY 25, 2018
Venice, California-based venture capital investor Fifth Wall says it has made a $135M investment in San Francisco-based real estate sales startup Opendoor , as part of a combined equity and debt funding. According to Fifth Wall, it provided $100M in debt financing, along with its anchor LP, Lennar Corporation, in addition to investing $35M in equity from its Fifth Wall Fund.
StartUp Beat
JANUARY 24, 2018
Some 50,000 people with autism enter adulthood each year in the United States. They have a developmental brain disorder that affects social and communication skills, and they often struggle to understand other people’s thoughts and motivations. They also, says Coding Autism ’s CEO Oliver Thornton , tend to operate well in structured environments, possess a meticulous eye for detail, have a love and adeptness for repetitive tasks, and can sustain concentration for long periods.
Xconomy
JANUARY 26, 2018
Genomatica, a San Diego industrial biotech, has spent the past 12 years or more working to take the petroleum part out of the petrochemical industry. In 2008, for example, Genomatica showed it had bio-engineered E. coli bacteria to digest sugar, oxygen, and other nutrients in a fermentation tank—and produce 1,4-butanediol (BDO), an intermediate chemical used to make skateboard wheels, dashboards, and other resilient plastic materials.
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