Sat.Sep 22, 2018 - Fri.Sep 28, 2018

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VC firms of Kevin Durant and Snoop Dogg back Dutchie, a new cannabis delivery service

TechCrunch LA

Ross Lipson, the chief executive officer and co-founder of the on-demand marijuana and cannabis delivery service, Dutchie, had thought he was done with the online delivery business. Instead, he’s launched a new delivery service that has just raised $3 million from Casa Verde Capital , the $45 million venture firm founded by hip hop impresario Snoop Dogg, and Kevin Durant’s Durant Company — among others — to take advantage of the growing demand for marijuana delivery.

Services 259
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Los Angeles Convention Center Installs Permanent 5G Network

L.A. Business Journal

The Los Angeles Convention Center just added 5G capabilities to its growing list of offerings designed to draw business to downtown.

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2018 Hollywood Entertainment Technology Festival

SoCal Tech Calendar

Wednesday, October 3, 2018 -- 2018 Hollywood Entertainment Technology Festival. The Hollywood Entertainment Technology Festival (HETF) is an exciting international event bridging the US and China, with expert speakers and panel discussions on trends in entertainment technology, cross-border opportunities, and investments. The festival promotes collaboration and innovation on a global scale, and serves as an ideal platform for visionaries, content creators, entrepreneurs, and investors currently

Hollywood 100
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Port Of San Diego Hit By Ransomware Attack, Systems Offline

socalTECH

The Port of San Diego says it has been hit by a ransomware attack, which has disrupted the port's information technology systems--although it says that ships and boats are able to continue to access the port at the moment. According to the Port of San Diego, an unknown group is holding the port's IT systems hostage, requesting a payment in Bitcoin. The Port said it is working with the Federal Bureau of Investigation (FBI) and the Department of Homeland Security (DHS) on investigating the "seriou

San Diego 184
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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

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.

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Keep A Real Job Until Your New Venture Shows Traction

Startup Professionals Musings

One of the big decisions every aspiring entrepreneur has to make is when to quit your current job to devote yourself fulltime to your new startup. Some of you are so committed to the new passion that you quit your day job early, and dedicate all your time and resources to the new venture. Others wait until the new business starts to generate revenue and profit before making the move.

Startup 153
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Local Energy Firm Executive Forms Project Financing Company

L.A. Business Journal

The chief executive of Arensis Corp., a downtown provider of micro waste-to-energy systems, has formed a separate project financing company that will use blockchain and smart-meter technology to better target potential customers, Arensis announced Sept. 25.

Company 173

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ObEN Shows Off Singing, Talking AI Personality

socalTECH

Pasadena-based artificial intelligence software developer ObEN has rolled out a new, singing and talking "AI personality" based on Chinese singing group SNH48 , the company said today. The company said it has created the "world's first celebrity personal AI" based on one of the members of the Chinese music group, Aijia. ObEN's AI personality sang a duet with her real-life counterpart at a conference in China this week.

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FabFitFun expands its video reach with a new experiment in live programming

TechCrunch LA

The Los Angeles-based women’s subscription box and media business FabFitFun is expanding its video catalog with the launch of new live programming set to coincide with the launch of its latest seasonal box. FabFitFun is creating a new slate of live programming which will air every day on its Facebook page from 11 a.m. to 1 p.m. Pacific and is set to feature interactive product showcases, beauty demonstrations, DIY projects, and a game show.

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Audax Group Buys Controlling Interest in Acuant

L.A. Business Journal

Boston-based private equity firm Audax Group Inc. bought a controlling interest in Culver City-based identification verification software developer Acuant Inc. in a deal finalized Sept. 24.

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OK, So Maybe Not ALL MBA Entrepreneurs Are Oxymorons

InfoChachkie

A version of this article previously appeared in Forbes. “As much as possible, avoid hiring MBA’s. MBA programs don’t teach people how to create companies … our position is that we hire someone in spite of an MBA, not because of one.” – Elon Musk, Founder Tesla Motors and SpaceX. MBA’s are an easy target for entrepreneurs’ scorn.

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SpaceX To Deliver Robots To The Moon

socalTECH

Hawthorne, California-based SpaceX has just signed a deal to deliver two robot payloads to the moon for a small Japanese company, ispace , ispace said this morning. According to ispace, it has signed a contract with SpaceX for two flights to land two lunar orbiters on the moon. ispace is leveraging technology developed by one of the teams in the Lunar XPRIZE, run by Marina Del Rey-based XPRIZE Foundation, in what had been an attempt to win cash prize money offered by XPRIZE for landing a mission

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TechDay Los Angeles

SoCal Tech Calendar

Thursday, September 27, 2018 -- TechDay Los Angeles. TechDay, the largest startup event series in the United States, is returning to Los Angeles for the fourth annual TechDay LA. TechDay LA will showcase the latest products and services available from hundreds of the most exciting startups and scale ups in the market.

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Game Maker Scopely Adds Two

L.A. Business Journal

Scopely Inc., the Culver City mobile game developer behind titles such as “Walking Dead: Road to Survival” and “WWE Champions” is expanding its corporate development and communications divisions.

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7 Attributes Of People With An Entrepreneur Mindset

Startup Professionals Musings

As an angel investor and a mentor to aspiring entrepreneurs, I’m always disappointed to see founders who seem stressed out most of the time, and more annoyed than energized by the abundance of challenges they see in building their startup. The entrepreneurial lifestyle is a tough one under the best of circumstances, and it’s one you have to love in order to succeed.

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Bonfire Ventures Aims To Raise New, $20M Fund, Bonfire Ventures Select I

socalTECH

Los Angeles-based venture investor Bonfire Ventures , the venture capital fund led by SoCal VC veterans Jim Andelman and Mark Mullen, has launched a fundraising effort for a new fund, Bonfire Ventures Select I , according to a regulatory filing from the firm this week. Details on the new fund have not been announced by the investment fund. The regulatory filing indicates the first sale in the fund has yet to occur.

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Silicon Beach Networking Happy Hour at Wurstkuche in Venice

SoCal Tech Calendar

Wednesday, September 26, 2018 -- Silicon Beach Networking Happy Hour at Wurstkuche in Venice. Wednesday, September 26th Starting at 6pm! Meet new people, make business connections and most importantly, let's have fun!

Venice 100
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Silicon Beach Report Sept. 27: WndrCo Invests $30 Million in The Infatuation Inc.

L.A. Business Journal

WndrCo invests $30 million in restaurant platform; Soon-Shiong distributes Zinc batteries to Africa and Asia; Kovacs named new LAVA president.

LAVA 113
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Big Pharma Seeks More Partnerships, Evidence in Digital Therapeutics

Xconomy

“Digital therapeutics” startups are starting to win more respect—and investment dollars—from pharmaceutical giants. But the two sides are still figuring out how to work together to capitalize on the potential for apps, devices, and other software-enabled technologies to have an impact on patients’ health. That’s what stood out to me the most as I listened to leaders from some of the world’s largest life sciences companies—Novartis (NYSE: NVS ), San

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Bird Planning Massive International Expansion

socalTECH

Santa Monica-based on-demand scooter rental service Bird is planning a massive, international expansion, and has been hiring in dozens of cities overseas , according to the Financial Times. The paper says that Bird's hiring plans include dozens of cities across both Asia and Latin America, including such cities as Mumbai, Mexico City, Hong Kong, and elsewhere.

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MasterMinds OC Startup Accelerator Workshop #18

SoCal Tech Calendar

Wednesday, September 26, 2018 -- OC ENTREPRENEURS: Join us for another LIVE MasterMinds Workshop. Bring your startup ideas and business questions so our friendly group of local Orange County entrepreneurs and business owners can help you move your business farther, faster. Free tickets available if you have a good startup business question for discussion, or you want to practice your startup pitch!

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Silicon Beach Report Sept. 25: ATTN: Raises $15 Million

L.A. Business Journal

$15 million for Hollywood digital media firm; Amazon and Snap ink deal for barcode scanning; Tinder testing new controls for women.

Hollywood 113
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Adopt An Entrepreneur Mindset To Enhance Your Career

Startup Professionals Musings

One of the big differences between an entrepreneur and an employee of a big business is that employees tend to have a very narrow focus on their job, while entrepreneurs have to keep the broader focus on business. Both want personal satisfaction and financial success. In fact, U.S. entrepreneurs consistently claim to be happier , and have a higher net worth than employees.

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Netradyne Raises $21M For Vision Recognition Tech

socalTECH

San Diego-based Netradyne , a developer of artificial intelligence and "deep learning" software used for vision recognition--particularly in autonomous vehicles--has raised $21M more in a funding round. The funding was led by M12, the venture fund run by Microsoft, as well as Reliance Industries and Point72 Ventures. According to Reliance Industries, which is based in India, it invested $8M in the round, and it now owns 37.4 percent of the startup; Reliance had invested $16M in Netradyne in 2016

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Startup Game Changers

SoCal Tech Calendar

Tuesday, September 25, 2018 -- The Startup Game Changers discussion has helped many tech startups get to the next level of growth. Attendees will have the opportunity to learn actionable tips from insiders within Los Angeles startup ecosystem. This two hour session will provide the tools you need to build a foundation and accelerate the growth of your business.

Startup 100
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Silicon Beach Report Sept. 28: Is Disney Looking for an Even Larger Stake in Hulu?

L.A. Business Journal

Disney may be looking to snag a larger stake in Hulu; GLAAD includes video games in awards; H Code launches digital marketing

Hulu 113
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XRC Labs Showcases Retail Tech Innovations in VR, AI, Big Data

Xconomy

XRC Labs, an accelerator program focused on e-commerce and retail startups, held a demo day for its latest class Thursday, featuring innovations in artificial intelligence, virtual reality, and other technologies. The group of 10 startups is the sixth class for New York-based XRC , which was founded three years ago to promote innovation in the disruptive age of Amazon.

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Elon Musk Sued Over Securities Fraud By SEC

socalTECH

The U.S. Securities and Exchange Commission has filed a lawsuit against technology mogul Elon Musk , over Musk's tweet that he was taking one of his companies, Tesla Motors , private, in a deal worth $420 per share. The lawsuit--filed in Manhattan on Thursday afternoon--alleges Musk gave a "series of false and misleading statements" to investors. The SEC lawsuit is seeking both civil penalties, as well as to bar Musk from being an doffice or director of a public company.

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20th Annual SoCalBio Conference

SoCal Tech Calendar

Friday, September 28, 2018 -- Tapping Non-Dilutive Funding for Success. 20th Annual SoCalBio Conference. The Annual SoCalBio Conference will feature a number of breakout sessions focused on investment and funding trends. We are pleased to announce that one of these sessions will feature experts on accessing non-dilutive grant funding from governmental sources.

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Silicon Beach Report Sept. 24: Hulu Becomes First Echo Show Live Stream

L.A. Business Journal

Hulu to broadcast on Amazon Echo Show; FabFitFun starts live programming on Facebook; Geldmacher and Ricca join Scopely

Hulu 113
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10 Attributes Of The Ideal New Venture Job Candidate

Startup Professionals Musings

In a corporate environment, the focus of a job interview has long been demonstrating your match to the skills and experience outlined in the job description. In my experience with startups, that is still necessary, but not sufficient. Today’s business world has become totally customer driven, so customer-centric and people abilities really make the difference between winners and losers.

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ACEA Biosciences Acquired by Agilent

socalTECH

San Diego-based ACEA Biosciences , a developer of analytical instruments, systems, and software used in the biotech and pharmaceutical industries, along with academia, has been acquired by Agilent Technologies. Financial details of the acquisition were not announced. According to the companies, the acquisition will help Agilent expand its team and broaden its portfolio of technology.

San Diego 133
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Six Life Science Firms Close Q3 with an IPO, More Are on the Way

Xconomy

The window for life science IPOs is still open, and five biotechs and one medical device company chose the last week of the third quarter to make their stock market debuts. Gritstone Oncology (NASDAQ: GRTS ) closed out the week by raising $100 million in an upsized IPO. On Thursday night, Emeryville, CA-based Gritstone priced its offering of 6.6 million shares at $15 apiece.

Pricing 94
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MWD Taps Culver City Firm on Water App

L.A. Business Journal

Metropolitan Water District and Culver City water monitoring system maker team up.

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7 Keys To Improving The Odds On Your New Idea Success

Startup Professionals Musings

In my experience, consummate entrepreneurs tend come up with more startup ideas than they can ever implement, and some of the ideas may not even make business sense. But how does any entrepreneur know which ideas to implement, and which ones are best left behind? After all, most great breakthroughs, like a computer in every home, seemed like a crazy idea before Steve Jobs and Bill Gates made it happen.

Ideas 83
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H Code Launches Digital Marketing, Media Product

socalTECH

Santa Monica-based H Code , which provides digital advertising services around reaching the U.S. Hispanic market, says it has rolled out a new product it calls Tastemakers. According to H Code, the new product offers up a "fully integrated" digital marekting and media solution to connect brands and agencies with U.S. Hispanic consumers. The company said Tastemakers is a "multi-platform" offering which includes digital advertising, social media, and branded content, including content creation, pr

Media 124
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How Groups are Closing the Security Skills Gap, Boosting Diversity

Xconomy

Today, there is a massive shortage of cybersecurity talent across the globe. According to a 2015 study from Frost & Sullivan and the (ISC)² Foundation, there could be more than 1.5 million unfilled cybersecurity positions globally by 2020. As cybersecurity attacks and data breaches, unfortunately, become a matter of not if but when , security talent is more important than ever.

Study 93