Sat.Aug 22, 2015 - Fri.Aug 28, 2015

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Making Sense of the Stock Market Drops in Relation to Venture Financing

Both Sides of the Table

If you didn’t notice that the stock markets in the US dropped nearly 4% today (after falling last Thursday and Friday) then you were probably completely off-the-grid and on vacation. It was a nerve racking morning. My favorite Tweet of the morning came from Hunter Walk. You thought media twitter was bad… You thought tech twitter was bad… — Hunter Walk (@hunterwalk) August 24, 2015.

Marketing 279
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Flippers vs Keepers–At times earnings don’t matter

Berkonomics

Dave’s note: We are privileged this week to host a post by Arthur Lipper, a well-respected member of the international financial community since 1954. He has served as advisor to and member of numerous financial exchanges, and was the founder and CEO of Arthur Lipper Corporation and co-founder and Chairman of New York & Foreign Securities Corporation.

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LA City Council Clears Uber, Lyft For LAX Pickup

socalTECH

The Los Angeles City Council has voted to let ridesharing services like Uber and Lyft go ahead and pick up passengers at Los Angeles International (LAX), despite an earlier delay. The vote, which was 9-6, is the first time that the ridesharing services have gained access to the airport, which had barred all but licensed taxi and airport transportation companies from entering.

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This Hollywood Star Proves Entrepreneurs Should Be Clueless

InfoChachkie

A version of this article previously appeared in Forbes. Sometimes being clueless makes you fearless. This was certainly the case with Hollywood star turned inventor, Hedy Lamarr. In 1937, Ms. Lamarr abandoned a successful European film career to become a Hollywood star. Although successful, she quickly became bored with the vapid nature of stardom, once saying, “Any girl can be glamorous.

Hollywood 166
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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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The Morning After

Both Sides of the Table

Last night I wrote a post about how the fall in the stock market over a 3-day period may affect the venture capital markets. If you’re an entrepreneur or VC who wants somebody else’s view on that you should read it. This morning the US stock markets are rallying. So now what? Let me give you the quick summary of what I said yesterday: Public markets affect venture funding.

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6 Top Motivations That Drive The Best Entrepreneurs

Startup Professionals Musings

In my experience mentoring new entrepreneurs and aspiring business leaders, I see far too many who seem to be driven by all the wrong reasons. Everyone seems to espouse extrinsic motivations, such as getting rich, having power, and fulfilling parent dreams, when in fact a focus on satisfying internal interests and desires will likely lead to more success, as well as satisfaction.

More Trending

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How to Stay Motivated While Working Remotely From Your Team

Tech Zulu Event

The perks of working remotely are undeniable. Your transportation costs are nearly diminished, you have more control over your work-life balance and you can set your own culture. A uStamp study reported 65% of companies allow employees to work remotely and 69 percent of remote employees say they feel liberated being able to work away from the office.

Study 76
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LA Dodgers Opens Door On First Accelerator Program

socalTECH

The LA Dodgers has opened the doors on its first, startup accelerator program class this morning, unveiling the 10 companies included in the first LA Dodgers Sports & Entertainment Accelerator. The accelerator begins today, and runs through a Demo Day in November at Dodger Stadium. Among the companies participating in the program are Appetize (mobile POS for live events); Doorstat (business foot traffic and demographics analysis); FieldLevel (sports recruiting network); FocusMotion (movement

Class 171
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Siemer Summit 2015 Announced, Tim Draper To Keynote

socalTECH

The Siemer Summit , the invite-only conference which has been organized by technology investment banking firm Siemer & Associates for the last four years, is returning this year, according to the firm. According to Siemer & Associates, this year's conference, the Siemer Summit 2015, will be held from October 13th to 14th, and will feature Tim Draper as the keynote speaker.

Draper 167
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Why The LA Dodgers Accelerator Is Combining Sports, Investment and Startups

socalTECH

At first glance, it might not be clear why a sports organization like the LA Dodgers might be in the business of startup accelerators--until you realize that the current owners of the Dodgers, including Mark Walter,�Magic Johnson,�Stan Kasten,�Peter Guber,�Bobby Patton�and�Todd Boehly--are all from the investment and entrepreneurial world, even as much as they are from the sports and entertainment world.

Startup 162
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FameBit Passes 15,000 YouTubers

socalTECH

Santa Monica-based FameBit , the online marketplace which helps brands connect with YouTubers, said today that it has surpassed 15,000 creators on the site, and now has more than 650 million subscribers across YouTube, Snapchat, Vine, and Instagram. The startup, founded by David Kierzkowski and Agnes Kozera, has been helping brands to find YouTuber specifically creating content in their markets--and help those YouTubers make a living off their content.

Paramount 156
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UCI Rolls Out Big Data Program

socalTECH

UC Irvine is jumping onto the big data bandwagon, saying this week that it has launched a new, online course specifically aimed at helping individuals learn all about big data. According to UCI, its Extension program will offer up a new Big Data Specialized Studios Program , which will specifically help professionals in the industry gain the background their need in big data techniques.

UCI 154
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RealD Claims Patent Wins

socalTECH

Los Angeles-based 3D movie projection technology developer RealD said today that it has reinforced its global IP protection, after a number of patent wins. According to RealD, one of its patents was recently reaffirmed by the Australian Patent Office, after a re-examination request by what it called a "struggling competitor", and a similar win at the US Patent and Trademark Office.

Patents 148
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WiSilica Aims At Internet Of Things

socalTECH

A new, Aliso Viejo-based startup, WiSilica , said today that it has launched the company out of stealth mode, to take advantage of the Internet of Things. WiSilica said it is developing technology which will allow users to configure smart homes, buildings, lighting, sensors and wearables, creating intelligent devices that can be managed both by mobile apps and through the cloud.

Mobile 143
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SolarReserve Gets Approval For 260MW Chilean Energy Plant

socalTECH

Los Angeles-based utility-scale solar power developer SolarReserve said last week that it has received environmental approval for a huge, 260MW solar energy plant in Chile. According to SolarReserve, the Chilean government approved the Copiapo Solar Project, whichi s epxected to go into commercial operation in 2019. The solar power project is based on SolarReserve's current Crescent Dunes project here in the US.

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TeleSign Links With Telefonica To Reduce Payment Fraud

socalTECH

Los Angeles-based two-factor authentication and mobile identity services provider TeleSign said today that it has inked an agreement with Telefonica , which will help address account security and fraud prevention for enterprises and service providers in financial services, e-commerce, cloud and social media. Financial details of the deal were not disclosed.

Commerce 139
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EvoNexus Deadline Approaches Monday

socalTECH

San Diego-based startup incubator EvoNexus said Friday that the deadline for its Fall startup class is Monday. The startup incubator--which has location in both San Diego and Irvine--offers up free office space, broadband connections, conference calling, IT services, printing/copying, web hosting, plus a host of other services (HR, accounting, payroll, banking, etc.) through the incubator.

Incubator 138
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Qualcomm Sells UK Spectrum To Vodafone, H3G

socalTECH

San Diego-based Qualcomm announced this morning that it has sold a segment of spectrum it owns in the UK, to Vodafone and H3G. According to Qualcomm, its Qualcomm UK Spectrum (QUKS) subsidiary has agreed to sell its UK L-Band sepectrum (1452 - 1492 Mhz) in two, separate transactions. Financial details of the spectrum sale were not announced. The spectrum is allocated for helping mobile network operators handle mobile data traffic.

San Diego 135
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Everything But The House Opens Office In LA After $30M Funding

socalTECH

Everything But The House , an online marketplace for estate sale items and antiques, said Monday that it has raised $30M funding, and opened up a new office in Los Angeles. According to the company, the company's Series B funding came from Greenspring Associates, Greycroft Partners and Spark Capital. The company has hired Mandana Dayani as its Chief Brand Officer in Los Angeles, where she will specifically launch the office and hire a team to help the company with branding, site redesign, and a

Funding 135
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Netflix Expands In Hollywood

socalTECH

Internet video streaming and rental service Netflix is in a major expansion in Hollywood, and has signed a lease fo 200,052 square feet on the Sunset Corridor, the company said Thursday. According to Netflix and Hudson Pacific Properties, Netflix will lease a significant portion of the ICON office tower at Sunset Bronson Studios, as part of a growth and content creation expansion here.

Netflix 132
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GumGum Launches New Social Media Analysis Tool

socalTECH

Santa Monica-based GumGum , the developer of digital advertising and marketing tools which tie advertising into online photographs and visual content, has rolled out a new social media analysis tool. The new tool, Mantii , uses image recognition to help marketers gain insight into how images are being shared which relate to their brands across such social media services as Twitter, Facebook, and Instagram.

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Evolve Media Snags Say Media Executive

socalTECH

Los Angeles-based Evolve Media , the online publishing and media firm behind CraveOnline and TotallyHer, said Tuesday that it has named Jennifer Catto as its new SVP of Integrated Media. Catto was most recently Vice President and Head of Branded Entertainment and Partnerships at Say Media, and also served at Conde Nast and Site59.com (acquired by Travelocity), along with Travelocity.

Media 131
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Conversion Logic Names Product Head

socalTECH

Los Angeles-based Conversion Logic , the marketing attribution technology startup backed by Rincon Venture Partners, Crosscut Ventures, Lerer Hippeau Ventures, TenOneTen, Founder Collective and Raptor Ventures, said today that it has named Dan Cox as Head of Product. Cox was most recently Senior Director of Product Management at MarketShare, and also served at Mediaphormedia and on the board of the Django Software Foundation.

Product 131
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Resonant Creates Advisory Board

socalTECH

Santa Barbara-based Resonant , a developer of radio frequency front ends, says it has created an advisory board, to help it commercialize its designs. The company said the first two members of the board are Sean Curry and Chris Conlin. Curry was previously Senior Sales Director and Director of Key Global Accounts at Avago Technologies, where he had spent 26 years of his career.

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Velocify Ties Sales Lead Tools Into Ellie Mae

socalTECH

Los Angeles-based sales lead management software developer Velocify says it has tied its software into the Encompass mortgage management software from Ellie Mae, allowing lenders to access its software directly through their loan origination processes. According to Velocify, the integration will help loan officers respond quickly to prospective borrowers and stay focused on the highest priority sales opportunities.

Sales 131
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Yuneec Gets $60M From Intel

socalTECH

Yuneec Holdings , the Chinese robotic drone maker which runs its U.S. operations out of Ontario, California, has received $60M in an investment round from Intel , Intel announced this week. Yuneec--which makes the Typhoon Q500 Quadcopter--runs is sales, marketing, and other operations in Ontario, which is in the Inland Empire just east of Los Angeles.

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NantKwest Gets $1M Grant For Cancer Research Effort

socalTECH

Los Angeles-based cancer treatment developer NantKwest said this week that it has received $1M n an award, from the Prostate Cancer Foundation , to study the company's therapy as a novel therapeutic approach in advanced prostate cancer. NantKwest said the $1 Million Challenge award was given to NantKwest, in conjunction with Dr. Ganesh Palapattu at the University of Michigan and Dr.

Research 125
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Coding School Operator Origin Code Academy Launches In San Diego

socalTECH

A new, software coding school operator, Origin Code Academy , said this week that it has launched efforts in San Diego--and says it guarantees its graduates will get a tech job within 90 days of graduation. According to Origin, it provides 12-week long programs which teach software development skills to students, including skills in.NET, Javascript, CSS and HTML.

San Diego 125
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Amgen Gets Approval On New Cholesterol Drug

socalTECH

Thousand Oaks-based biopharmaceuticals developer Amgen said Thursday that the U.S. Food and Drug Administration has approved its new, cholesterol lowering drug, Repatha. The medication is being aimed at patients with high LDL-C "bad" cholesterol. The medication works by inhibiting the production of a protein, convertase subtilisin/kexin type 9 (PCSK9), which reduces the ability of the liver to remove bad LDL cholesterol from the blood.

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Scopely Launches Mobile Game For The Walking Dead

socalTECH

Los Angeles-based mobile game developer Scopely is launching a new mobile game based on The Walking Dead. According to Scopely, it has partnered with Robert Kirkman and Skybound, the creators of The Walking Dead series, on a new mobile game, The Walking Dead: Road to Survival. The free-to-play game is available for both iOS and Android. Scopely said it worked with game studio IUGO Mobile Entertainment, the creator of Knights & Dragons, on the new title.

Mobile 125
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Snapchat Names SVP Finance

socalTECH

Los Angeles-based Snapchat has hired Drew Vollero as SVP of Finance, and acting Chief Financial Officer, the company said this week. Vollero was former at Mattell, and also has served at Taco Bell, Yum! Brands, and ZS Associates. Vollero was most recently SVP Corporate Strategy, Development, and Investor Relations at Mattel, where he had been for 15 years; he lives in Orange County.

Snapchat 125
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MB TRADING Acquired By TradeKing

socalTECH

El Segundo-based MB TRADING , a provider of stocks, futures, options, and other trading tools and services, has been acquired in an asset deal by Florida-based TradeKing. Financial terms of the buy were not disclosed. According to TradeKing Group, it will acquire all of MB Trading's assets, as part of an effort to build a diversified financial services firm.

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Cornerstone OnDemand Invests In Four Companies

socalTECH

Santa Monica-based ,a href="[link] OnDemand , the developer of cloud-based, talent management software, said this morning that it has made investments in four companies, from the Cornerstone Innovation Fund. The investments went to One Month , which offers online entrepreneurship classes; Rallyteam , an employee talent networking platform; Strive , which is developing tools to help source qualified software developers; and Workpop , a developer of software to help match employers and job candida

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Tinder Ranks Hottest College Campuses Via Right Swipe

socalTECH

Wonder where the most right-swiped men and women are on campus? Los Angeles-based Tinder said Wednesday that it has tallied up the number of swipes for college campuses around the U.S., ranking the top 50 campuses based on the number of right swipes. The mobile app developer--which has radically changed the way people find a hot date--uses "right swipe" to indicate people on the app that users would like to go out with.

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ReShape Medical Raises $38M For Weight Loss Medical Device

socalTECH

San Clemente-based ReShape Medical , which develops a non-surgical, weight loss device, said today that it has raised $38M in a Series D funding round. The funding was led by HealthCor Partners Management, L.P., and also included Endeavor Vision SA, SV Life Sciences, New Leaf Venture Partners, U.S. Venture Partners and Venture Investors. ReShape, which is led by Richard Thompson, develops a medical device specifically targeted at obese patients who haven't succeeded in losing weight through diet

Funding 125
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Akana Launches Healthcare API Product

socalTECH

Los Angeles-based Akana , the developer of enterprise API management tools, said this morning that it has launched a new product into the healthcare space. Akana said its new, Akana Healthcare Solution is aimed at healthcare organizations, helping them with healthcare interoperability efforts. According to Akana, its new product supports the Health Level Seven International Fast Healthcare Interoperability Resources (HL7 FHIR) standard, which covers electronics access to health records.

Product 125