Berkonomics
JULY 27, 2017
Your customers know what they want more than you do. Find one to teach you. Close. This week’s insight came from personal experience and from a good friend who advanced the notion of the “teacher-customer” years ago. I internalized this phrase, recalling the many times I had partnered with customers to design new feature-functionality into my hotel computer system back when such systems were brand new to the industry.
socalTECH
JULY 24, 2017
The world of plumbing is not known for its high tech products. However, that makes it an area ripe for technology innovation. We spoke this morning with a Los Angeles startup, Phyn (www.phyn.com)--which recently spun out of Belkin in a joint venture with Uponor--to talk about the company's water monitoring devices, which apply some remarkably sophisticated research and computer technology to monitor the usage of all of a home's water--all through monitoring a single water pipe.
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L.A. Business Journal
JULY 26, 2017
National security concerns have forced Global Eagle Entertainment, an in-flight Wi-Fi service, to cancel a $416 million investment agreement with China’s Beijing Shareco Technologies to create a new joint venture for the Chinese market.
SoCal Tech Calendar
JULY 28, 2017
Thursday, August 3, 2017 -- SIGGRAPH 2017. The annual SIGGRAPH conference is a five-day interdisciplinary educational experience in the latest computer graphics and interactive techniques, including a three-day commercial exhibition that attracts hundreds of companies from around the world. The conference also hosts the international SIGGRAPH Computer Animation Festival, showcasing works from the world's most innovative and accomplished digital film and video creators.
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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.
Tech.Co
JULY 24, 2017
Hiring your first few employees can often be as hard as choosing your cofounders. Especially in the early days of your startup, when you’re often only months from running out of money, hiring the wrong person can be disastrous. Yet it’s hard to accurately vet potential candidates. Cold job interviews can be an unreliable litmus test for hiring. Even the traditional green-light for someone who graduated from an Ivy League school has been proven to be more noise than signal.
socalTECH
JULY 26, 2017
Pasadena-based forensics software maker Guidance Software has agreed to be acquired by OpenText , in a deal worth approximately $240M, Guidance said this morning. Guidance, which is best known for developing the EnCase forensic security software, said OpenText will pay $7.10 per share in cash for all of the company's outstanding shares. Guidance was advised by Morgan Stanley and Atlas Technology Group, along with Latham & Watkins, in the deal.
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SoCal Tech Calendar
JULY 28, 2017
Thursday, August 3, 2017 -- ACG 101 Annual Summer Social. Join ACG 101and ACG 101's Women in Corporate Growth on the evening of August 3rd at the beautiful Westlake Village Inn Stonehaus for our annual Summer Social. This always-popular annual gathering brings together ACG members, friends, past program presenters and other special guests.
Xconomy
JULY 24, 2017
Does your genetic code contain information that can help you lose weight? It’s a serious question in science, and in business. Now, the makers of Lose It aim to find out. The nine-year-old mobile app —from Boston-based parent company FitNow—was early in the field of using smartphones to log workouts and meals , and track progress toward health goals.
socalTECH
JULY 28, 2017
Venice, California-based Whisper , which operates an app and website that lets users share anonymous thoughts--and combines that with other content--has reportedly laid off 20 percent of its staff, or 14 out of its 71 employees, according to a report on Friday. Whisper, led by Michael Hayward, has raised $61M in total funding. READ MORE>>.
L.A. Business Journal
JULY 25, 2017
Modular construction startup Emagispace raises $4.2 million, ABC News forms production partnership with ATTN:, and Elon Musk disses Mark Zuckerberg’s understanding of the dangers of artificial intelligence.
SoCal Tech Calendar
JULY 27, 2017
Monday, July 31, 2017 -- TEDxUCLA Salon: From Struggle to Success. How do you turn struggles into success in the field of technology? How do you succeed as a female in a male-driven industry? How can government catch up with the rapid growth in technology? Join us as we explore these hot topics and learn from experts in the field.
Xconomy
JULY 26, 2017
Genomics startups are increasing in number and quality, so much so that three-year-old Illumina Accelerator has expanded with its latest class to accommodate five of them. Xconomy got an early look at the specialty accelerator’s sixth cohort, which includes a company named for a butterfly and the accelerator’s first digital health startup. Illumina (NASDAQ: ILMN ), a San Diego-based company that was a pioneer in gene sequencing technology, founded the accelerator in 2014, along with Russian bill
socalTECH
JULY 26, 2017
Los Angeles-based online electronics retail Newegg said today that it has tied with non-profit charity No Kid Hungry , to support the group's efforts to help combat childhood hunger. According to Newegg, it will build awareness of No Kid Hungry's efforts within its base of customers, encouraging them to donate in increments of $1, $5, or $10, and match donations from its customers up to $75,000.
L.A. Business Journal
JULY 26, 2017
Global Eagle to cancel $416 million deal with Chinese firm over national security concerns, Guidance Software acquired for $240 million, and Elon Musk reveals car elevator at Boring Co. site.
SoCal Tech Calendar
JULY 27, 2017
Thursday, July 27, 2017 -- Virtual Reality and Dance: An Immersive Exploration. In celebration of National Dance Day 2017, Upload LA is hosting an immersive exploration of the intersection between dance and virtual reality. Dance is the ultimate expression of bodily movement while VR is the pinnacle of visual experience. Combine the two together for a powerful, full-body immersive experience.
Tech.Co
JULY 25, 2017
It was not long ago that the apps on our smartphones were, by today’s standards, basic. They played music, allowed us to text, and the very pioneering apps tracked our daily step count and sent us news alerts. That all changed with social media , and now everyone is glued to their phone’s screen. The successor to social media, at least in terms of cultural significance, are the on-demand apps that have us reaching for our phones not just to message friends, but to make transactions.
socalTECH
JULY 26, 2017
Los Angeles-based FairClaims has raised $1.8M in a funding round, to go towards the startup's online dispute resolution services. According to the company, the funding came from Fika Ventures, Crosslink Capital and Greycroft. The funding came on top of an earlier, $285,000 in seed funding the company received from Brian Liu (co-founder of legalzoom), Mark Goldstein, and Mark Goines (NOLO, Intuit Turbotax).
L.A. Business Journal
JULY 28, 2017
Whisper lays of 20 percent of staff, SpaceX raises $350 million as valuation rockets to $21 billion, and Will.i.am’s company buys smart home company Wink for $39 million.
SoCal Tech Calendar
JULY 27, 2017
Wednesday, August 2, 2017 -- SIGGRAPH 2017. The annual SIGGRAPH conference is a five-day interdisciplinary educational experience in the latest computer graphics and interactive techniques, including a three-day commercial exhibition that attracts hundreds of companies from around the world. The conference also hosts the international SIGGRAPH Computer Animation Festival, showcasing works from the world's most innovative and accomplished digital film and video creators.
Startup Professionals Musings
JULY 28, 2017
Starting a new business is a long, hard process, and I can’t blame any founder for looking for shortcuts. I’ve taken a few myself, and I know how much work they can save, as well as how painful some can be in retrospect. When you are trying new things, there are plenty of new problems to go around, so why would you want to re-experience the pain of others?
socalTECH
JULY 26, 2017
If you're most anyone on Instagram, you might post a picture of puppies, a sunset, your dinner, or a selfie. For Elon Musk , the technology mogul behind SpaceX and Tesla Motors, you post a video of the car elevator you built in Hawthorne, for The Boring Company and it's efforts to whisk cars, people, and stuff around via a network of underground tunnels in Los Angeles.
L.A. Business Journal
JULY 24, 2017
Internet Brands to buy WebMD for $2.8 billion, Hulu names Google veteran as marketing executive, and ‘Game of Thrones’ Snapchat lens reaches 45 million people.
SoCal Tech Calendar
JULY 26, 2017
Tuesday, August 1, 2017 -- SIGGRAPH 2017. The annual SIGGRAPH conference is a five-day interdisciplinary educational experience in the latest computer graphics and interactive techniques, including a three-day commercial exhibition that attracts hundreds of companies from around the world. The conference also hosts the international SIGGRAPH Computer Animation Festival, showcasing works from the world's most innovative and accomplished digital film and video creators.
Xconomy
JULY 27, 2017
Despite all the great progress made harnessing the immune system to fight cancer, there is still much work to be done to maximize its potential. The latest evidence: disappointing results today from a roughly 1,100-patient study called “Mystic,” a highly anticipated trial from AstraZeneca testing a combination of immunotherapies in newly diagnosed lung cancer patients.
socalTECH
JULY 25, 2017
San Clemente, California- and Kansas City, Missouri-based Site1001 , a developer of software for facilities maintenance and management, has raised $6M in a Series A funding, according to the company. The company, which is led by Southern California serial entrepreneur Cleve Adams, has previously raised funding from Flyover Capital, Tifec and Ward Ventures.
L.A. Business Journal
JULY 24, 2017
Internet Brands Inc. of El Segundo announced an agreement Monday to acquire online medical information company WebMD for $2.8 billion.
SoCal Tech Calendar
JULY 25, 2017
Monday, July 31, 2017 -- TEDxUCLA Salon: From Struggle to Success TEDxUCLA Salon How do you turn struggles into success in the field of technology? How do you succeed as a female in a male-driven industry? How can government catch up with the rapid growth in technology? Join us as we explore these hot topics and learn from experts in the field.
Startup Professionals Musings
JULY 22, 2017
Even entrepreneurs who have built many startups, or sold their last one for millions of dollars, know they make occasional people leadership mistakes. They know leadership is all about managing their own complicated, illogical, and fallible human foibles, as well as the people they depend on. These can trip up even the best, often at the cost of more than a good night’s sleep.
socalTECH
JULY 28, 2017
Hawthorne-based SpaceX is planning the maiden launch of its Falcon Heavy rockets in November, according to Elon Musk. Details on that launch have not yet been announced. The Falcon Heavy will be the largest, rocket to be created since the Saturn V moon rocket, which was last launched in 1973, and according to SpaceX will deliver more than twice the payload of the largest rocket now available, the Delta IV Heavy.
L.A. Business Journal
JULY 27, 2017
Virtual reality studio Within raises $40 million, PCM Inc. share price falls 25 percent and TenOneTen raising $50 million fund.
SoCal Tech Calendar
JULY 25, 2017
Thursday, July 27, 2017 -- AI.LA New Realities Expert Panel #1. Hear experts in the fields of AI, robotics, virtual, augmented, and mixed realities talk about the future. Why attend? Debunk the hype around AI Explore the intersections between VR and Artificial Intelligence Gain insight on the most entertaining advancements in new technologies Discuss biases in data and creator when developing an AI.
Startup Professionals Musings
JULY 24, 2017
When I hear executives and professionals in larger businesses talking about their dream of going out on their own to start a new company, I always cringe. I have been there and done that. They and I never realized how hard it is to break the big-company habits and conventions. If you are going to do it, don’t wait too long. The longer you wait, the more traumatic the decision will be.
socalTECH
JULY 28, 2017
Hollywood-based i.am+ , the electronic device company founded by musical artist will.i.am, has acquired smart home products maker Wink , the companies said late Thursday. Financial details of the acquisition were not announced. Wink said that it the Wink app and Wink Hub will "continue to operate just as they have" and the acquisition will not change the Wink user experience.
Xconomy
JULY 24, 2017
San Diego’s Effector Therapeutics, a five-year-old cancer drug developer, has raised $38.6 million in new venture capital funding. The Series C financing, led by Pfizer Venture Investments, brings total funding for Effector to about $150 million, CEO Steve Worland said late Monday. The company said it plans to use the new funding to advance testing of small-molecule drugs that target a select set of proteins that regulate an anti-tumor immune response at a fundamental level of gene expression kn
SoCal Tech Calendar
JULY 25, 2017
Thursday, July 27, 2017 -- Virtual Reality and Dance: An Immersive Exploration. Join us for an evening of dance showcases, 360 films, VR music demos, a sound bath, live immersive visuals, and - of course - dance. We'll even be creating our own immersive content as we learn the National Dance Day Routine Choreography and then create a 360 film to be shared with the National Dance Day community.
Startup Professionals Musings
JULY 23, 2017
The good news is that the rate of new entrepreneurship leveled off a bit last year, although it is still rising, according to the latest Kauffman Index of startup activity. The bad news is that it’s back to pre-recession highs, the opportunity for change is huge, and the cost of entry is at an all-time low. It’s a jungle fight for survival for aspiring entrepreneurs of all ages and demographics.
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