Both Sides of the Table
SEPTEMBER 28, 2013
'CEO transparency. It almost sounds uncontroversial. A CEO should tell her staff everything! Right? Right?!? Of course not. It’s a hard topic to write about because it’s almost an accepted norm that total transparency is good. It is not. For starters let me use “CEO” as a proxy to include her “inner circle” which might mean co-founders or might just mean senior execs of the business.
socalTECH
OCTOBER 4, 2013
'Santa Monica-based online advertising analytics firm Adomic has scored the top prize--and $160,000 in cash plus services--as part of the annual Siemer Silicon Beach Summit awards. Adomic, which is headed by Gabe Gottlieb, was one of dozens of companies that presented to investors at the private investment pitch event in Santa Monica Wednesday and Thursday.
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SoCal CTO
SEPTEMBER 30, 2013
'Are you a non-technical startup founder who’s about to go have a conversation with a Chief Technical Officer (CTO) or Technical advisory type person? Maybe you are going for a reality check on your current situation - wondering if you have a Weak Development Team or a Startup Founder Developer Gap. Maybe you are trying to determine what technologies might apply that you should be evaluating.
Berkonomics
OCTOBER 3, 2013
'Maybe you have not heard the term, “deal book.” That’s a comprehensive piece on a company for use by a buyer in determining fit. A “deal room” is an electronic or physical space dedicated to storing the massive amounts of data to be used in due diligence by a buyer, lender or by an investor. Deal rooms contain access to or copies of all significant contracts with suppliers, customers, consultants, and others.
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Both Sides of the Table
SEPTEMBER 29, 2013
'If you track the venture capital industry it would be hard to miss the conversation going on this week over AngelList “Syndicates.” From the hyperbolic Jason Calacanis weighing in that “The petty VC’s did everything to deride [Naval, the co-founder of AngelList]” as though the industry was collectively s g its pants that AngelList was going to put us out of business.
socalTECH
OCTOBER 1, 2013
'Irvine-based online auto information and leads site Autobytel has expanded into the mobile communications market, with the acquisition of Advanced Mobile, LLC , a provider of mobile apps, mobile websites, text messaging, and other mobile communications services for automotive manufacturers and dealers. Autobytel said it would pay $2.5M in cash, plus up to $1.5M in earn out based on revenues and profits for Advanced Mobile.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
Startup Professionals Musings
SEPTEMBER 30, 2013
'Every investor expects to see some business traction, both before and after a funding event. If you have been working 20 hours a day, and spent your last dollar, but have no results to show, investors will be sympathetic, but will probably tell you that your dream doesn’t have wheels. Traction means forward progress. I hear a lot of entrepreneurs contemplating their great “idea” for several years with little discernable progress, and looking for money to start.
Both Sides of the Table
OCTOBER 3, 2013
'It’s stunning to me how quickly we take for granted certain conveniences in our lives that go from Eureka to minimum expectation. Take OpenTable. In the old days we used to call a restaurant to book. The hostess worked from 4-10pm so you had to call during these hours. Between 7-10 she was busy seating guests so had to put your on hold. After hours there was the answering machine.
socalTECH
OCTOBER 1, 2013
'Irvine-based semiconductor developer Broadcom has completed its acquisition of the LTE assets of Renesas Electronics Corporation , the company said this morning. The deal was worth $164M. Broadcom had announced the deal in early September. Broadcom said the deal is expected to accelerate availability of a multimode, carrier-validated LTE SoC platform from Broadcom.
Frank Addante
OCTOBER 3, 2013
'Is Automated Advertising the next-generation Customer Relationship Management (CRM)? I often describe the similarities between what the automated advertising industry is doing and how CRM developed. Let’s start with the first form of CRM. CRM companies like Salesforce.com used to refer to themselves as Sales Force Automation (SFA) companies. SFA essentially replaced an old system of spreadsheets for contact management, forecasting, sales pipeline organization and sales management.
Startup Professionals Musings
SEPTEMBER 28, 2013
'Some people are not cut out to be entrepreneurs. This is a good thing, or the business world would be chaos, with everyone trying to do their own thing. So what about you? How do you know if you should be running your own company, or concentrating on that queue of work that someone else has built for you? I’ve hit this before, but I still hear from too many unhappy entrepreneurs.
Tech Zulu Event
OCTOBER 3, 2013
'Music lovers rejoice! Earbits is now available for both the iPhone and iPad. No ads, commercial-free, and available worldwide. What else can you ask for from a music app like Earbits? How about listening to the amazing group of musicians playing over Earbits airwaves. The app has over 350 channels of music with over 12,000 independent artists to listen to.
socalTECH
OCTOBER 2, 2013
'San Diego-based BioNano Genomics announced this morning that it has raised $10M in a funding round, to commercialize its system for human genome analysis. The funding came from Batelle Ventures, Domain Associates, and Gund Investment Corporation. BioNano Genomics says it is developing a system which uses imaging of molecules to directly observe native genomic structure.
Both Sides of the Table
SEPTEMBER 30, 2013
'As I have argued before, a few key people in every organization can make a huge difference on its success. Even for very large companies or even at a citywide level. But that doesn’t forgive the CEO, the board or for that matter anybody in an organization from allowing weak links. In fact, nearly every team work with I encourage them to think about succession planning in the event “that somebody gets hit by a beer truck.” I don’t know where I started using the phrase but
Startup Professionals Musings
OCTOBER 2, 2013
'If you are an entrepreneur today, and not using social media to promote your business, you are missing out on a huge opportunity. But, contrary to what most people preach, it isn’t entirely free. Most social media outlets don’t require a subscription charge, but they certainly require an investment – in people, in technology, your reputation, and your time.
Tech Zulu Event
SEPTEMBER 30, 2013
'techzulu posted a photo: via Instagram bit.ly/1eVqewJ.
socalTECH
OCTOBER 2, 2013
'San Diego-based Vionic , a developer of technology for helping companies create social media deals and promotions, said Wednesday that it has raised $900,000 in a funding round. The funding came from angel investors. According to the startup, which is led by Kosta Gara, its customers include The UPS Store, Office Max Mexico and Pure Barre. The company also said it has added Marie DeOrio as Vice PResident of Marketing for the company.
socalTECH
OCTOBER 3, 2013
'Westlake Village-based Cynvenio , a developer of molecular analysis technology being used for cancer treatment and management, has launched a new product for cancer diagnostics. The company said it has launched the ClearID Breast Cancer monitoring program, a cancer diagnostics testing program which uses molecular analysis of tumor biomarkers in blood, to help in early detection of breast cancer recurrence.
socalTECH
OCTOBER 2, 2013
'El Segundo-based online fashion site JustFab and actress Kate Hudson said Tuesday that they have launched a new, lifestyle athletic wear apparel and accessories brand, Fabletics. According to the two, Fabletics will feature designs inspired by Hudson''s personal wardrobe and active lifestyle. The new site offers up athletic workout gear, including sports bras, shorts, leggings, and tanks.
socalTECH
SEPTEMBER 30, 2013
'San Diego-based sports and activity registration service Active Network announced this morning that it has agreed to be acquired by private equity firm Vista Equity Partners , in a deal valued at approximately $1.05 billion. Active Network said that Vista Equity Partners will pay $14.50 per share in cash for Active Network, in a deal which has been approved by Active''s board of directors.
socalTECH
SEPTEMBER 30, 2013
'Santa Monica-based Demand Media has announced a new head of the company''s domain name registration business this morning, saying it has named Steve Banfield as Senior Vice President and General Manager of the company''s Registrar Services business. Banfield joins the company from Screenlife Games, and also had served at Sony Corporation, Microsoft, Paramount Pictures, and Real Networks.
socalTECH
OCTOBER 1, 2013
'Thousand Oaks-based Amgen reported this morning that it has completed its tender offer for Onyx Pharmaceuticals , and now expects its acquisition to complete today. Amgen said the deal is worth $9.7 billion net of estimated cash at Onyx. Amgen is paying $125 per share in cash for publicly held Onyx Pharmaceuticals, a developer of biopharmaceuticals for treating cancer.
socalTECH
OCTOBER 3, 2013
'Santa Monica-based content delivery network provider EdgeCast Networks said today that it has launched what it says is the "world''s fastest" domain name system (DNS) service. EdgeCast said the new product, EdgeCast Route, offers enterprise-grade DNS, and helps address issues with degraded performance, malicious DNS attacks, and other issues with current DNS solutions.
socalTECH
OCTOBER 3, 2013
'Are you a fan of professional athletes in the NFL, NBA, and elsewhere? Los Angeles-based Break Media has just launched a new YouTube channel, entirely focused on the lives of pro athletes. Break said Wednesday that its new Follow Channel will feature the lives of pro athletes, following their daily ins- and outs-. Break launched the new channel in conjunction with sports and entertainment production company Tupelo-Honey Raycom.
socalTECH
SEPTEMBER 30, 2013
'San Diego-based GenomeDX Biosciences said this morning that it has raised a Series B financing round, for the company''s genomic tests for prostate cancer. The funding was led by Merck Global Health Innovation Fund (GHIF), and also included Baird Capital Partners, aeris CAPITAL AG and CD Ventures. Size of the funding was not announced. The company said it will use the funding to expand commercialization of its first product, a genomic test for predicts the risk of developing metastatic prostate
socalTECH
OCTOBER 1, 2013
'Los Angeles-based Myspace said today that it has seen its user base, with 36 million people now using the website after the site''s big revamp in June. The site--which is now focused on providing users with access to music and videos--said it started with an audience of 24 million prior to relaunching the site. Myspace also detailed some of the demographics of its user base, saying that 70 percent of its users are 35 and younger.
socalTECH
OCTOBER 2, 2013
'Santa Monica-based coworking space ROC Santa Monica , which has become somewhat of a hub for Silicon Beach over the last couple of years, has partnered with online art marketplace Saatchi Online , to feature original artwork at ROC. According to the two companies, it is presenting an exhibition of paintings, photography, and collage throughout ROC Santa Monica''s office space, as part of the partnership.
socalTECH
OCTOBER 1, 2013
'San Diego-bsaed Fate Therapeutics , which is developing biopharmaceuticals base don adult stem cells to treat a number of orphan diseases, is up slightly in trading after its initial public offering this morning. Fate Therapeutics priced at $6.00 per share last night. The company offered up 6,666,667 shares of its common stock in its IPO. The company is now trading as FATE on the NASDAQ Global Market.
socalTECH
SEPTEMBER 30, 2013
'Santa Monica-based customer relationship management (CRM) software developer Nimble is looking to bolster its customer base in the nonprofit sector, saying that it has started to offer a 30 percent discount on its service to nonprofits, for life. Nimble develops software which allows professionals to track their relationships, last contacts, contact history, and more across email, social networking sites, phone, and much more.
socalTECH
OCTOBER 3, 2013
'AnyMeeting , the small business web conferencing service which is backed by the Tech Coast Angels, Pasadena Angels, Maverick Angels, Sand Hill Angels and Keiretsu Forum, has linked with Comcast Business, the company said Thursday. According to Comcast Business, AnyMeeting is now available as part of its Upware marketplace, which features cloud-based business products for its customers.
socalTECH
OCTOBER 2, 2013
'In what looks to be one of the largest, venture capital deals in Orange County so far this year, Aliso Viejo-based Telogis said Tuesday that it has raised $93M in a funding round, for the company''s location-based intelligence technology. The funding was led by Kleiner Perkins Caufield & Byers, and also included un-named growth equity and crossover institutional funds.
socalTECH
OCTOBER 1, 2013
'Los Angeles-based movie ticketing service Fandango said Tuesday that the company has inked a deal with Samsung , where its information will be features on new Samsung GALAXY devices. Fandango said it will provide movie show times, ticketing, movie trailers and and its movie preview show "Movie Ticket" to Samsung, as part of a new content recommendation service form Samsung.
socalTECH
OCTOBER 1, 2013
'More rumors around a who will be the next CEO of Hulu have bubbled up today, as the New York Post says that Intel OnCue TV head Erik Huggers may be considering the job for the top spot at Hulu. Hulu has been looking for a CEO since March, when Jason Kilar left the company, and is currently being run by Andy Forssell. Other candidates named in the report include Lauren Zalaznik, formerly of NBCUniversal, and Mike Hopkins, of Fox Networks Group.
socalTECH
OCTOBER 1, 2013
'Irvine-based BookingPal , an online travel technology company, said today that it has added travel veteran Eric Mason as its new Chief Operating Officer. Mason joins the company from Wyndham Exchange and Rentals, where he was Vice President of Global Product & Business Development. He also served at NAVIS, SABRE, and other travel technology companies.
socalTECH
OCTOBER 1, 2013
'Costa Mesa-based Experian , the provider of credit reporting services and related information, announced this morning that it has acquired 41st Parameter , a provider of device identification technology for the cyber security market. Financial terms of the acquisition were not announced. 41st Parameter''s technology uses device fingerprints to identify web fraud.
socalTECH
SEPTEMBER 30, 2013
'San Diego-based cloud storage company Nirvanix has officially shut down its service, saying in a posting on its website that it is actively winding down its business, and is scrambling to transfer data on the cloud storage service to other providers. Nirvanix said it is providing "the resources we can" to assist its customers to return their data, or move their data to such services as IBM SoftLayer, Amazon S3, Google Storage or Microsoft Azure.
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