Sat.Oct 27, 2018 - Fri.Nov 02, 2018

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LA Ranks Second in Tech Office Market Rent Growth

L.A. Business Journal

Los Angeles’ technology sector is growing, according to a recent study from real estate brokerage firm CBRE Group Inc.

Study 187
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Why not share your liquidity success with those who got you there?

Berkonomics

So, you are close to selling your company, and counting the profits a bit early. Well, that’s human nature. Here’s a thought for you to recall later when and if the event happens. Remember those who got you there. And for tax reasons, remember them before the closing of the deal, so that you can do so by sharing a bit of your proceeds without paying personal income tax upon those amounts.

Sales 480
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FabFitFun surpasses $200 million in revenue as it hits million-subscriber milestone

TechCrunch LA

At least one million people will be receiving the next FabFitFun box as the Los Angeles company surpasses $200 million in revenue and continues its run as one of the startups to watch in the Los Angeles tech community. . As it renews its focus on media — doubling down on new programming in a bid to reach further into repeatable revenue through subscriptions that encompass more than just retail — the company is trying to frame itself as more than just makeup and accessories in a box.

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LegalZoom Finds Funding From TCV, Adds New Board Member

socalTECH

Glendale-based LegalZoom , the online legal filing site which focuses on small businesses and families, has named David Yuan, a General Partner at Technology Crossover Ventures (TCV) to its board of directors. According to LegalZoom, the addition comes as part of an investment by TCV in LegalZoom. Details on TCV's investment were not announced. LegalZoom said that TCV has "deep experience" investing in and advising companies serving small and midsized businesses (SMB), such as GoDaddy, LinkedIn

Legalzoom 147
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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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DreamHost Receives $18M Loan from J.P. Morgan

L.A. Business Journal

Downtown LA-based DreamHost, a provider of web hosting and site management, announced Oct. 30 it completed an $18 million debt financing credit facility with J.P. Morgan Chase and Co.

Web 138
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LA Tech Mixer

SoCal Tech Calendar

Thursday, November 8, 2018 -- Schmoozd LA Tech and Startup Mixer. Come celebrate the end of 2018, and the culmination of Schmoozd's fascinating year, on Thursday, November 8th (6pm)! Grab a drink and network with 300 other members of the Schmoozd community. Check out 10 NEW startups showcase their latest launch.

More Trending

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Loot Crate To Debut New Subscription Box On Amazon

socalTECH

Los Angeles-based subscription box service Loot Crate has inked a deal to bring a new subscription box to Amazon's Subscription Box Store , the company said last week. According to Loot Crate, it will debut a new subscription box for pop culture fans on Amazon, beginning in November. Amazon said its curated collection of "fan-favorite TV shows, movies, and games" will feature more than four items, and has over a $45 value.

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Silicon Beach Report Nov. 11: SpaceX Shifts Gears on Satellite Testing

L.A. Business Journal

Seven exit SpaceX's satellite testing team; Hulu prioritizes non-English content; new Office of Child Protection website launches with AI

SpaceX 157
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Caltech Entrepreneurs Forum - Venturing to Mars

SoCal Tech Calendar

Saturday, November 3, 2018 -- Caltech Entrepreneurs Forum - Venturing to Mars. Mars entrepreneurship has entered its lift off phase. The US Government is preparing for manned missions to Mars but private companies like SpaceX may well get there first. Elon Musk declared that SpaceX will put one million people on Mars. Entrepreneurial opportunities already have emerged in areas like Launch, Sensors, Instrumentation and Habitats.

CalTech 100
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Fundraising Startup Classy Surpasses $1B Raised on Its Platform

Xconomy

It took six years for Classy, a software-as-a-service company that targets nonprofit organizations looking to fundraise online, to facilitate $500 million in donations. But the next $500 million took just 14 months. The San Diego-based startup announced the $1 billion milestone on Tuesday, citing the addition to its platform of ever-larger nonprofits—including the Salvation Army—as a major factor behind the growth.

Platform 103
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LA Attorney, Now Cryptocurrency Mogul, Plans Blockchain Paradise In Nevada

socalTECH

In yet another story of a cryptocurrency millionaire looking to create their own, utopian society, former Los Angeles attorney Jeffrey Berns --who made his fortune on investing in the Ethereum cryptocurrency--has purchased a massive plot of land near Reno, and hopes to create his own utopian world of "houses, schools, commercial districts, and production studios", according to a profile in the New York Times.

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Ad Analytics Start-Up EDO Raises $12 Million

L.A. Business Journal

Entertainment Data Oracle Inc., or EDO, a company that uses data collection and analysis to measure the effectiveness of TV ads, announced Nov. 1 that it raised $12 million in its first round of outside investment.

Startup 124
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7 Ways College Degrees Can Expedite Startup Success

Startup Professionals Musings

A popular myth these days is that finishing college only dilutes your entrepreneurial instincts, and the best of the best, including Bill Gates, Steve Jobs and Mark Zuckerberg, dropped out early to hasten their success. I agree with Robert E. Litan, former VP of research at the Kauffman Foundation, that these are exceptions to the rule, rather than a model to emulate.

Startup 97
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Cloud Leaders Shrug at IBM’s $34B Red Hat Deal

Xconomy

In some ways, the biggest software acquisition of all time could be a yawner. IBM’s planned $34 billion deal to acquire open-source software maker Red Hat is a hefty price to pay to give its cloud computing business a shot in the arm. But even if the purchase ultimately boosts IBM’s bottom line, some cloud technology executives and investors are wondering whether it will have any transformative effects on the sector.

IBM 100
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Mitchell Merges With Genex Services

socalTECH

San Diego-based software developer Mitchell , which develops software and other technology for the insurance and collision repair industries, says it has merged with Genex Services , a provider of clinical solutions for the workers' compensation, auto, and disability markets. Financial details of that merger were not announced. According to Mitchell, Genex Services will become a division of the company, and will offer up case management, utilization review, independent medical reviews, and disab

Services 133
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Seismic Data’s Biz Potential

L.A. Business Journal

The Los Angeles region is an earthquake hot spot, so it’s little surprise a company focused on detecting seismic activity and warning its customers of an impending temblor would make its home here

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5 Key Elements Of A Winning Business Strategy Today

Startup Professionals Musings

Does your business have a visible positive strategy, or do your customers and employees still see your primary focus as closing more sales and killing competitors? Certainly that has been the strategy of many companies, and has worked in the past, but today’s customers and workers are looking for more. They want relationships, positive experiences, and a win-win for society.

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Illumina Set to Acquire “Long-Read” DNA Sequencer PacBio for $1.2B

Xconomy

DNA sequencing giant Illumina is shoring up its position in genetic research through a cash deal to acquire Pacific Biosciences for approximately $1.2 billion. Under the agreement , Illumina (NASDAQ: ILMN ) will pay $8 per Pacific Biosciences (NASDAQ: PACB ) share, a 79 percent premium to the Wednesday closing stock price of the Menlo Park, CA, company.

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DNAe Aims At Treating Antimicrobial Resistant Infections

socalTECH

Carlsbad-based DNAe says it has developed a new, diagnostic platform that uses semiconductor DMA to help in treating antimicrobial resistant infections. According to the company, it completed the first phase of a $51.9M million contract with the U.S. government to developing DNA sequencing technology to help physicians by providing rapid diagnosis of antimicrobial resistant infections and influenza.

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Faraday Co-Founder Resigns

L.A. Business Journal

Nick Sampson, co-founder of Gardena-based electric vehicle manufacturer Faraday and Future Inc., resigned on Oct. 30 after calling the company “effectively insolvent.

Gardena 113
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Make Yourself A Key Sustainable Competitive Advantage

Startup Professionals Musings

The most successful entrepreneurs and business owners I know are humble, and they don’t have an inflated sense of self. When you have some success behind you as a manager, executive, founder, or CEO, it’s easy to become less open to the advice and signals around you, and believe you should just continue doing what you are doing to keep climbing. It’s a recipe for disaster.

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IRobot’s Roombas to Map Households for Google Smart Homes

Xconomy

Autonomous vehicle developers rely heavily on navigational technology that maps the complex terrain of roads, curbs, signs, and people that their cars have to thread through. Google, as it develops its smart home systems, is turning to a company that already knows how to navigate the terrain of a household—corridors, kitchens, cat beds, cast-off shoes, and chair legs included.

Google 77
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Semtech Adds Laird Connectivity To Partner Program

socalTECH

Camarillo-based semiconductor maker Semtech announed today that it has added Laird Connectivity, a developer of wireless modules and antennas, to its partner program, focused on its LoRa wireless technology. According to Semtech, the addition of Laird will help with the creation and deployment of LoRa-based IoT solutions, giving it access to experienced designers that understand its technology and wireless radio frequency technology.

Design 133
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Silicon Beach Report Oct. 31: Subscription App Sales Soar

L.A. Business Journal

LA County weighs electronic voting options; Activision issues Overwatch League changes; Hulu grows revenue 86 percent

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Framework Benchmarks Round 17

TechEmpower

We're happy to announce that Round 17 of the TechEmpower Framework Benchmarks project is now available. Since the adoption of Continuous Benchmarking , the creation of an official Round is a fairly simple process: Try to reduce errors in framework implementations. We want an official Round to have a solid showing by as many frameworks as feasible given limited personnel bandwidth.

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Bio Roundup: Depression Drug Dashed, Peek at ASH, CRISPR Worry & More

Xconomy

The gene-editing technology CRISPR-Cas9 is opening up new research avenues all the time, such as giving drug developers a cheaper, faster way to knock out genes in tumor cells. Studies of CRISPR-Cas9 to treat human disease are about to start, too. But will our immune systems, already on alert for common infections by the bacteria that produce Cas9 proteins, reject medicines that use the gene-snipping scissors?

Study 74
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Sharp Display Company, Flying Eagle Systems Move To LA Arts District

socalTECH

Sharp Display Company , a unit of Sharp Eectronics Corporation which develops TFT-LCD products, plus Flying Eagle Sytsems , a new company created by Foxconn crated to "drive innovation in the display industry", announced today that they have set up shop in downtown Los Angeles. The companies said they have opened up a new, 13,000 square foot creative work space at ROW DTLA.

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Silicon Beach Report Nov. 2: Former Snap Engineer Launches Data Service Company

L.A. Business Journal

Activision debuts game companion app; Snap’s Sehn launches data service startup; mapping LA’s tech neighborhoods

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Shift Happens: Digital Transformation and Business

SoCal Tech Calendar

Thursday, November 8, 2018 --.

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Cloudbeds, a Hospitality Software Firm, Debuts New San Diego Office

Xconomy

Software startup Cloudbeds recently relocated its 20-odd local employees from a small space in downtown San Diego to an office nearly three times the size in the same neighborhood. The company unveiled the new digs Thursday, about a month after moving in, with a ceremonial ribbon cutting. The office in San Diego’s Bankers Hill area is the headquarters for the venture-backed company, which makes cloud-based hospitality management software used by owners, managers, and employees of independently o

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Imbellus Finds $23M For Skills Assessment Technology

socalTECH

Los Angeles-based Imbellus , which develops skills assessment software which it says helps organizations assess job seekers by how they think, rather than by what they know, has raised $14.5M in a Series A funding round. The funding was led by Owl Ventures, and also included prior investor Upfront Ventures and Thrive Capital, plus Rethink Education.

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Silicon Beach Report October 29: Hyperloop Plans Abu Dhabi Track

L.A. Business Journal

Axiomatic gets Jordan investment; Hyperloop Transportation Technologies sets 2019 construction target; $2 million for Santa Monica solar firm

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8 Key Elements To Make Your Social Venture Profitable

Startup Professionals Musings

I applaud the resurgence of a focus by new ventures on saving the environment and having a positive social impact. Yet, when you are pitching to investors, this has to be balanced by generating enough profit to keep the venture thriving, growing, and providing a healthy return-on-investment (ROI) to investors. Founders who avoid the use of the term “profit” had better have deep pockets of their own.

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Stantt CEO Thinks Its Approach to Selling Men’s Wear Fits Just Right

Xconomy

Stantt wants to make standard sizing anything but. “Traditional sizing only fits 15 percent of guys,” says Matt Hornbuckle, the startup’s founder and co-CEO. “Twins come in and get different sizes.” To connect guys with a shirt that fits well, the men’s wear startup created a database of “tens of thousands” of body scans. That information was then used to develop a proprietary algorithm called DataFit that has resulted in 99 different shirt sizes.

Startup 56
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Halozyme Inks $25M Licensing Deal With Roche

socalTECH

San Diego-based biotechnology developer Halozyme Therapeutics announced this morning that it has licensed some of its drug delivery technology to Roche , in a deal worth $25M upfront, and a potential to earn another $160M to $165M per target. According to Halozyme, the licensing deal covers its ENHANZE drug delivery technology, for use in a new undisclosed clinical stage therapeutic target, with an option to select two additional targets within four years.

San Diego 133
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Silicon Beach Report Oct. 30: Executive Exits at Faraday Future

L.A. Business Journal

Two execs out at Faraday Future; DreamHost’s dreamy $18 million deal; Tinder ventures into advertising