Sat.May 05, 2018 - Fri.May 11, 2018

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j2 Global Revenues Increase To $280.6M For Q1

socalTECH

Los Angeles-based j2 Global , the online services and publishing giant, reported on Monday that its Q1 2018 quarterly revenues grew to $280.6 million, a 10.2 percent increase over Q1 of last year. According to j2 Global, it ended the quarter with approximately $400M in cash and investments, after spending around $100M for acquisition and its regular quarterly dividend. j2 Global owns a large portfolio of online brands, including such online publications as IGN, Mashable, Humble Bundle, Speedtest

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Silicon Beach Report: Uber to Test Air Taxis in Los Angeles

L.A. Business Journal

Uber to test air taxis in Los Angeles; Snapchat hosts Creators Summit; Arrowroot pours $38 million into ClickFox.

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Update: Bird buys more scooters

TechCrunch LA

Update: This story has been updated to indicate that the deal is worth tens of millions not hundreds of millions and includes comment from other manufacturers. It seems like all is fair in love and scooter wars. In the battle royal to become the last dock-less scooter startup standing ( and un-besmirched by poop ), Bird has inked what it is characterizing as exclusive deals with Ninebot (the parent company of Segway ) and Xiaomi ( yes, that Xiaomi ), for rights to their supply of scooters for ri

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Remind Me Why I Love You? (Why “In Person” is Everything)

Both Sides of the Table

You had an amazing meeting with an investor. Your product demo crushed. The dialog was great. They told you how much they loved your space. The meeting was only supposed to last 45 minutes but you ran 90. The assistant tried to end the meeting twice but was shoooshed away. You race back to the office to tell everybody how well it went and you wait for the follow-up call to have a partners’ meeting or talk about term sheets or at least dip into due diligence.

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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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Here’s a rule for companies with outstanding loans

Berkonomics

Here is one that is so important to the continued health of a growing company that it cannot be overstated. It’s a bit complex for novices. But hang in there as I explain a bit about accounting classification of assets and liabilities. Differences between types of assets and liabilities. First, let’s be sure we know what is short in term and what is long in term.

Company 226
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Interview with Lidia Yan, NEXT Trucking

socalTECH

How do you get top tier venture capitalists interested in your startup? Our interview this morning is with Lidia Yan , the founder of NEXT Trucking (www.nexttrucking.com), a venture-backed startup which operates an online marketplace for freight shipping. Yan tells us how the company's revenues, growth, and profits--even in the early days--drove $21M in funding from Sequoia for the company.

Startup 173

More Trending

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Some Advice Before You Hit the Fund Raising Trail

Both Sides of the Table

Fund raising. It definitely has a “d” in it, as in it’s really not fun, raising. But it’s critical for your business, for you as a leader and people who excel at fund raising have an extreme advantage over those who do not. The best entrepreneurs in our industry focus on it year-round as opposed to just once every 18 months. As a VC with scores of startups in our portfolio we have ringside seats to many, many fund raising processes plus I had to raise money across about 5 different rounds of cap

Funding 236
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Snap Names New Chief Financial Officer

L.A. Business Journal

Snap Inc. is changing chief financial officers from Drew Vollero to Tim Stone, a move that comes as the app company’s stock price is in sharp decline.

Pricing 113
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Esri Creates Portal For Africa

socalTECH

Redland-based geographical information software (GIS) developer Esri said on Tuesday that it has rolled out a new, online portal specifically focused on its customers in Africa. According to the company, the portal provides access to its ArcGIS Online service as well as geographic data and imagery for Africa. Esri says it is targeting the African Union, African Development Bank, other international agencies, nongovernmental organizations (NGO), academia, businesses, and national government funds

Resource 124
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UBER Elevate Summit

SoCal Tech Calendar

Wednesday, May 9, 2018 -- UBER Elevate Summit. The Second Annual Elevate Summit brings together 700+ of the world's foremost on-demand aviation leaders in industry, government, and academia for 2 full days of programming.

Demand 100
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Intel Capital Showcases 12 Startups, Shift to Data-Centric Strategy

Xconomy

The temperature in California’s Palm Desert hit 107 degrees Tuesday, but indoors at Intel Capital’s Global Summit meeting, the corporate venture arm said it has invested a cool $115 million so far this year. Intel Capital wasn’t ready to disclose exactly how many startups it has funded, but it highlighted a dozen tech companies that got almost two-thirds of the total ($72 million) with innovations in semiconductors, artificial intelligence, and the Internet of Things (IoT).

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Silicon Beach Report May 11: SpaceX Launches Block 5 on Second Try

L.A. Business Journal

SpaceX launches Block 5 after aborting Thursday; Millenials have strong feelings over Snapchat redesign; Overwatch Finals moved to Brooklyn.

SpaceX 100
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Report: Snapchat's Millennial Users Hate Redesign

socalTECH

A new report this morning says that a new survey of users of Venice, California-based Snap 's social networking app, Snapchat , finds opinion of the brand has dropped significantly due to its redesign. The report says the opinions of 18- to 34-year old users of Snapchat dropped 73 percent following the redesign, based on data from YouGov. READ MORE>>.

Snapchat 113
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SANS Cyber Security Training in San Diego, California

SoCal Tech Calendar

Friday, May 11, 2018 -- SANS Cyber Security Training in San Diego, California. SANS' information security training goes beyond theory, incorporating real-world examples and practical techniques you can apply directly to your work.

San Diego 100
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Seismic Acquires Savo Group, Rival in Sales Enablement Software

Xconomy

In the eight years since it was founded, Seismic has become a leader in the market for Web-based software used by corporations and other big customers to manage the online marketing materials created to support sales reps in the field. Today, the San Diego software-as-a-service company says it has agreed to acquire the Chicago-based Savo Group , a Seismic competitor in a still-emerging field known as “sales enablement” software, and one of the first companies in the field.

Sales 70
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Silicon Beach Report May 7: Snap’s new CFO comes from Amazon, cryptocurrency hack targets Drupal sites

L.A. Business Journal

Snap taps Amazon exec as CFO; UCLA among 400 sites caught in cryptocurrency hack; Sirius XM opening in Hollywood

Sites 100
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DTS Virtual:X Deploys On Analog Devices DSP

socalTECH

Calabasas-based DTS , the developer of surround sound and sound processing software which is now owned by Xperi Corporation, says its technology is now available on Analog Devices, Inc. digital signal processing (DSP) products. According to DTS, its DTS Virtual:X SDKs are ready for integration into AVRs and sound bars using Analog Devices' various DSP products, including the ADSP-2148x, ADSP-2157x, ADSP-SC57x, ADSP-2158x.

Calabasas 113
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Tech Coast Angeles Los Angeles Screening

SoCal Tech Calendar

Friday, May 11, 2018 -- Tech Coast Angeles Los Angeles Screening. Must be a member or invited.

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Will New Study Cut Guesswork for Depression Medicine Prescriptions?

Xconomy

Genetic testing that helps guide more precise cancer treatment is making its way into standard practice in major U.S. medical centers. Could the same eventually be true for depression? One test maker thinks it has finally gathered enough evidence to convince psychiatrists to order its product and make more informed prescriptions based on a patient’s DNA.

Study 65
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Silicon Beach Report May 9: Ring Launches Neighbors App

L.A. Business Journal

Ring launches Neighbors app; SpaceX Block 5 strives for reusability, Cornerstone OnDemand adds to board.

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Syntiant Secures Funding From Intel, Others For Edge Computing

socalTECH

Irvine-based Syntiant , a developer of semiconductors used for "edge computing" and machine learning applications, has raised a Series A round of funding, led by Intel Capital, Syntiant said on Tuesday. The size of the funding round was not disclosed. The round also included Seraph Group, Danhua Capital and Embark Ventures. Syntiant says it is developing ultra low power semiconductor designed designed for analog neural computation on battery-powered devices, including mobile phones, drones, wear

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MIT Enterprise Forum San Diego, Annual Wine Social Fundraiser

SoCal Tech Calendar

Wednesday, May 16, 2018 --.

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“Unseen Is Unsold:” VR & Analytics Study What and Why Shoppers Buy

Xconomy

Humans are great about saying a lot of things. We’re not that good about actually following through. See: New Year’s diet resolutions or election polls. That tendency affects retailers as well. Big stores and brands spend millions in market research to figure out what shoppers want and then model production and creative teams to create those items. “What people say and what people do is different,” says Anne Stephenson, a partner with Explorer Research, which works with retailers and brands.

Study 61
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Silicon Beach Report May 8: ServiceTitan Among Top 25 Cloud Companies to Work For, Report Finds

L.A. Business Journal

ServiceTitan named Top 25 cloud company to work for; Fandango and Atom Tickets partner with

Fandango 100
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Seismic Buys SAVO Group

socalTECH

San Diego-based Seismic , the private equity-backed provider of sales and marketing enablement tools, said on Tuesday that it has acquired SAVO Group , a provider of sales enablement products. Financial details of the acquisition were not announced. SAVO Group was founded in 1999, and serves the technology, life sciences, and financial services industries.

San Diego 113
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TechConnect World Innovation Conference

SoCal Tech Calendar

Wednesday, May 16, 2018 --.

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With $1.6B Armo Buy, Eli Lilly Is the Latest to Bet Big on Cytokines

Xconomy

Eli Lilly is making a splash in the fast-moving, highly competitive field of cancer immunotherapy. With a $1.6 billion cash deal to acquire Armo BioSciences, the Indianapolis company has placed one of the boldest bets yet that cytokine drugs could be critical in expanding immunotherapy’s reach. This morning, Lilly (NYSE: LLY ) agreed to pay $50 per share, which is a nearly 68 percent premium to Armo’s closing price Wednesday.

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Planning Your Fund Raising — “Measure Twice, Cut Once”

Both Sides of the Table

There is an old management saying, “measure twice, cut once” which refers to the benefit of doing some planning. It’s the antithesis of “ready, fire, aim” which seems to be so prevalent in today’s society. The benefits you will receive from doing even some basic planning before you hit the fund raising trail are enormous. This post has some basic advice on how to plan your raise before you hit the road.

Funding 215
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Champion Technology Gets Investment From R9B

socalTECH

Santa Monica-based Champion Technology , which develops an artificial intelligence-powered software product for the cybersecurity area, to help improve cyber security analysis, has received a strategic investment from R9B (root9B, LLC), a provider of cybersecurity products and services. Size of the investment was not announced. According to the two, the investment deal came as a result of a strategic partnership and alliance between the companies.

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Urban Tech Connect 2018

SoCal Tech Calendar

Thursday, May 17, 2018 --.

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Bio Roundup: Moderna’s Billions, Cytokine Bets, Shire Acquired & More

Xconomy

Cytokine therapies for cancer aren’t new but they are attracting renewed interest. Some pharmaceutical companies see drug combinations using cytokines as a way to broaden the reach of immunotherapy, which still doesn’t work for the majority of cancer patients. This week, Eli Lilly (NYSE: LLY ) showed how much it believes in cytokines. The Indianapolis drug maker reached a deal to acquire Armo BioSciences and its pipeline of cytokine therapies for $1.6 billion in cash.

Invest 56
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Understanding the Herd Mentality of VCs and How not to Let it Psyche You Out

Both Sides of the Table

Whether you’re fund raising from angels, seed investors and VCs?—?as an industry we succumb to “herd mentality.” There are a few exceptions and originally thinkers but it’s maddening how much group think and need for social proof there are. Nobody commits, nobody wants to set a price, nobody wants to stick their neck out then BOOM! Reid Hoffman is in?

Press 232
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Wavemaker Three-Sixty Targets Healthcare Investments

socalTECH

Pasadena-based Wavemaker Three-Sixty Health , a new, venture capital fund led by John Nackel and Jay Goss, said this week that it has launched a new fund focused on seed stage and Series A healthcare investments. Size of the new fund was not announced. According to Wavemaker Three-Sixty Health, the new fund is a joint venture between Wavemaker and Three-Sixty Advisory Group, LLC, a healthcare consultancy and business accelerator.

Invest 100
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MADIA Tech Launch Meetup

SoCal Tech Calendar

Wednesday, May 9, 2018 --.

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Trump Pledges Lower Drug Prices, But Blueprint Is Short on Details

Xconomy

[ Editor’s note: Corie Lok co-authored this report. ] In a much anticipated speech at the White House this afternoon, President Trump unveiled a long-awaited plan meant to cut the cost of prescription drugs in the U.S. The administration’s “American Patients First” plan, released via a speech and an accompanying 38-page “blueprint” document , laid out some relatively modest actions aimed at spurring generic competition, making it easier for Medicare (the government-funded health program fo

Pricing 62
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Nimble Adds Push Notification Features To Mobile App

socalTECH

Santa Monica-based Nimble has added a new push notification feature to its mobile app software, used to track customer contacts, letting iOS users see when a contact opens their tracked emails. According to Nimble, the feature also includes appointment reminders, meeting follow-up notes, and other features in addition to tracked message open and click tracking features.

Mobile 100