Sat.Jan 07, 2017 - Fri.Jan 13, 2017

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Los Angeles tech companies take a victory lap with planned tech job fair

TechCrunch LA

2016 was a good year to be a tech startup in LA, and, with the $25 billion planned public offering for the city’s startup darling, Snap Inc.,

MobileCause Raises $15M For Nonprofit Software


Los Angeles-based nonprofit fundraising and crowdfunding software platform developer MobileCause has raised $15M in a Series B funding, according to the company. The funding came from growth equity firm Level Equity. As part of the funding, Levil Equity's Sarah Sommer has joined the company's board. MobileCause is led by CEO Sean MacNeill.

Smart Voice Assistants Will Spread From Talking Devices To Apps in 2017


I think that’s a big deal. It’s going to foretell a new type of user interface that will become very important for any company to include in its apps.

Silicon Beach Report Jan. 11: SpaceX Explains Plans to Land Three Boosters at Once

L.A. Business Journal

SpaceX explains plans to land three boosters at once, inside LA 2024’s social media strategy for winning the Olympics, and Global Eagle fully rents out a satellite

SplashX LA

SoCal Tech Calendar

Thursday, January 19, 2017 -- SplashX LA. This first SplashX LA is focused on "Joy Ventures" – trendsetting companies with products and services that delight us. A 10-minute QandA proceeds each Splash. See [link] (more

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South Bay Monday Club

SoCal Tech Calendar

Wednesday, January 18, 2017 -- South Bay Monday Club. Email

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Report: Crosscut Ventures Launching Fourth Venture Investment Fund


Los Angeles-based venture capital investor Crosscut Ventures has reportedly started approaching limited partners (LPs) for investments in a new fund, its fourth. Crosscut's last fund, Crosscut Ventures 3, was worth $75M. The report, from the Pro Rata newsletter, said there's "a chance" that the new fund will be double in size of the last fund.

Biotech Roundup: JPM Deals, Gender Diversity, PCSK9 Battle & More


This past week, the biopharma industry made its annual January pilgrimage to San Francisco for the J.P. Morgan Healthcare Conference. 2016 was a whirlwind year in biotech, and the biopharma gods rewarded attendees with a multi-day monsoon to slog through to get from one meeting to the next. Pricing, Trump, PCSK9 Battle, and Diversity.

Venture Capital Investment in Los Angeles Drops

L.A. Business Journal

The flow of venture capital dollars invested into Los Angeles-area companies fell 16.3 percent from a high of $4.17 billion in 2015 to $3.49 billion last year, according to a report by Dow Jones Venture Source

SiliconBeach Professionals

SoCal Tech Calendar

Tuesday, January 17, 2017 -- SiliconBeach Professionals - JAN 19TH 2017 Mixer at Viceroy by Google. Silicon Beach is the epicenter for the Digital Elite and a hotbed for tech start ups. Most importantly it is taking place in our backyard. We are here to connect LA's brightest and most innovative young minds.

SnapMD Adds $3.25M In Series A


Los Angeles-based SnapMD , which develops telemedicine software and technology, announced this morning that it has added $3.25M in a Series A financing extension. The company said the funding brings its total raised to $9.15M. SnapMD did not detail the investors in the new funding, only saying it included both institutional and private investors.

Startup Resolution 2017: Embrace Believers, Bounce Skeptics & Keep Moving


The holiday period is a great time for reflection and then behavior modification – often referred to as resolutions. While a bit artificial to the logical engineer, this opportunity can be helpful. This year, my favorite insight came from a former student and employee, Elliot Cohen, co-founder of PillPack.

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Silicon Beach Report Jan. 10: Snap Inc. Places International Headquarters in London

L.A. Business Journal

Snap Inc. places international headquarters in London, Lionsgate invests in e-sports team Immortals, and crowd-finance startup MobileCause raises $15 million

Can you pierce layers in supplier–customer partnerships?


The VP apparently has done this often enough to create real relationships with supplier teams, not just senior management. General Growth!

Snap Inc: No, We Don't Have A New HQ In London


Venice, California-based Snap, Inc. , the parent company of Snapchat , said on Tuesday that it has not established a new international headquarters in London--despite media reports. The company said it has "one HQ, in Venice", and the changes in London simply involved billing advertising revenue in the UK through a UK entity. READ MORE>>.

Correlation Ventures Raises $200M, Maintains its “Moneyball” Strategy


The firm, which has offices in San Diego, Palo Alto, and New York, said it now has $366 million in assets under management.

Silicon Beach Report Jan. 9: Court Approves British Company’s Bid for Bankrupt Nasty Gal

L.A. Business Journal

Court approves British company’s bid for bankrupt Nasty Gal, SpaceX delays rocket launch one week, telemedicine platform SnapMD raises $3.25 Series A extension, and more

J&J, NY State to Form Biotech Incubator in Big Apple’s Genome Center


New York State Governor Andrew Cuomo is planning to use some of the cash from his recently announced $650 million biotech initiative on Manhattan’s biggest life sciences problem—lack of lab space. The incubator will take up the third floor of the NYGC—about 30,000 square feet of space in the SoHo neighborhood.

Biopharma Leaders Call for Gender Diversity Amid J.P. Morgan Conference


The letter was published Wednesday , on the second to last day of the annual J.P. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

Protecting America’s Tech Prowess Amid the Hostile Rhetoric of 2017


With the inauguration of Donald Trump as president on January 20th, the editors asked some of our Xconomists to offer their thoughts on “How could the incoming administration significantly affect your industry?” A lot of the technological innovation in the United States is done by recent immigrants who obtained their graduate degrees.

Moonshots Gets Big Exit At


Los Angeles-based venture investment firm Moonshots Capital , which is led by Kelly Perdew, has seen a big exit via the acquisition of San Diego's by Amazon Web Services. The deal, which has not yet been formally announced, was reportedly worth around $20M. READ MORE>>.

Trump Slams Drug Companies, Says Medicare “Bidding” Is Coming


Oh, the power of a Donald Trump sound bite. On the campaign trail and as president-elect he has made occasional noises about drug pricing—giving the U.S. Medicare system, the largest buyer of drugs in the world, the right to negotiate prices, for instance. This morning, in his first press conference, Trump went further.

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Citrix Sets January Date For GoTo Spinoff


Citrix Systems said on Friday that it has set a date of January 20th, to spin out its "GoTo" family of service offerings. That business--headquartered in Santa Barbara--will become a separate subsidiary called GetGo , which will merge with a subsidairy of LogMeIn. Citrix acquired ExpertCity in 2003. READ MORE>>.

Notes From The JPM ’17 Vortex: Trump, Rainstorms & The Price You Pay


[ Editor’s note: Ben Fidler contributed to this report ] The week of frenetic data sharing, deal talking, and party hopping of the J.P. Morgan Healthcare Conference—and the events that have mushroomed around it—took a punch to the gut just as most attendees were wrapping up and checking their outbound flight status.

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Ivantis Finds $25M For Microstent Surgery Devices


Irvine-based medical device developer Ivantis , which is developing microstents for minimally invasive glaucoma surgery, has raised $25M in a Series C funding, the company announced today. The funding was led by RA Capital Management, a new investor, and also included Merieux Developpement, along with existing investors. READ MORE>>.

Amgen Invests $30M In Immatics, Up To $1 Billion In Future Payments


Thousand Oaks-based Amgen announced this morning that it has made a $30M investment in a German company developing cancer immunotherapy, Immatics Biotechnologies GmbH. According to Amgen, the deal could potentially be worth over $1 billion in milestone payments plus royalties. READ MORE>>.

MatriSys Bioscience Finds $1.5M From Tech Coast Angels


San Diego-based MatriSys Bioscience , which is developing treatments for treating skin and dermatologic conditions, says it has raised $1.5M in a funding round from the Tech Coast Angels. The lead investor in the investment was Jeff Friedman, MD, Ph.D., who is head of the TCA's Life Sciences Committee. Mark S. Wilson is CEO of MatriSys. READ MORE>>.

Social Fund-raising Website GoFundMe Buys Detroit Rival CrowdRise


GoFundMe, the Redwood City, CA-based fund-raising platform for charities and nonprofits, has acquired CrowdRise , a Detroit, MI-based rival founded by entrepreneurs Robert Wolfe and Jeffrey Wolfe, and Hollywood philanthropists Edward Norton and Shauna Robertson. Financial terms were not disclosed in a statement issued Tuesday by GoFundMe.

VC Activity Continues Slowdown in Fourth Quarter, and Top 10 Deals


The report found that venture firms invested $12.7 billion in 1,736 U.S. companies during the fourth quarter—a 20 percent.

Techstars LA Names Managing Director


Techstars , the startup accelerator operator which has been ramping up its efforts in Los Angeles, said on Wednesday that it has name Anna Barber as the new Managing Director of its Techstars LA program. In a post, "Why LA is the Future of Startups" , Barber said the post is her "dream gig". and was a corporate lawyer. READ MORE>>.

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Silicon Beach Report Jan. 13: Head of Sony Entertainment, Michael Lynton, Steps Down to Become Snap Chairman

L.A. Business Journal

Head of Sony Entertainment, Michael Lynton, steps down to become Snap chairman, Rubicon shares soar after rumor of a sale, RadPad acquired after rough 2016, and more

Interview with Kos Galatsis, Carbonics


In the startup world, one of the most difficult journeys to market is by companies who are taking basic scientific advances and technologies originally developed at universities, and taking them all the way to use in the commercial world. The company's CEO, Kos Galatsis , spoke to us a few years ago at the very beginning of their journey.

Resonant Swaps CEO


Goleta-based Resonant Inc. which designs RF filter technology for the wireless industry, said today that its CEO, Terry Lindgren, is retiring from the company. Lindgren has been CEO of the company since it was founded in May of 2012, an is one of its founders. According to Resonant, George B. READ MORE>>.

SpaceX Delays Vandenberg Launch To January 14


Hawthorne-based SpaceX has moved the satellite launch scheduled for this morning at Vandenberg to January 14th, due to high winds and rain, the company said on Sunday. SpaceX has been attempting to launch ten IridiumNext communications satellites into space from Vandenberg since the fall. READ MORE>>.