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Announcing the 2014 socalTECH 50: Southern California's Ones To Watch

socalTECH

This year was particularly difficult, due to an explosion of startup activity in the region, which is now drawing entrepreneurs from around the world attracted by the rich environment for technology and media startups here. Here is this year''s list of the socalTECH 50 , and their current companies. Julie Uhrman , OUYA.

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Preccelerator Takes Apps For Next Accelerator Class

socalTECH

Santa Monica-based Preccelerator , the early-stage, startup accelerator associated with Stubbs Alderton & Markiles, LLP, says it has opened up applications for its next class. Editor's note: Stubbs Alderton is a longtime supporter and sponsor of socaltech). Deadlines for applications are March 20th. READ MORE>>.

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Snap Launches Media Startup Accelerator

socalTECH

Venice, California-based Snap , the parent company of Snapchat, is launching a new startup accelerator, named "Yellow", the company disclosed on Wednesday afternoon. The accelerator said it will invest $150,000 into ten different "creators" and startups focused in the media area.

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Former CEO Of Startup Pleads Guilty To Defrauding Tech Bank

socalTECH

The former CEO of a Southern California communications services company has plead guilty to charges that he fraudulently obtained $5 million in bank loans from one of Southern California's big startup and technology banks. Lewis was the CEO of Blue Wave Media. Lewis now faces up to 30 years in federal prison.

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Loop Media Buys ScreenPlay

socalTECH

Burbank-based streaming video startup Loop Media announced on Thursday that it has acquired ScreenPlay , a video service provider which licenses videos for use in such locations as Hard Rock Cafes, Norwegian Cruise Line, Yard House, Buffalo Wild Wings and Margaritaville. Financial details of the cash-and-stock deal were not announced.

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Yahoo Back After Verizon Media Acquisition

socalTECH

Yahoo--one of the Internet's first companies--is back as a standalone company, after the private equity acquisition of Verizon Media by private equity firm Apollo Funds. According to Verizon and Apollo Global Management, Apollo will pay $5 billion for Verizon Media, which will be renamed Yahoo as a result of the deal.

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Jukin Media Names Essner Co-CEO

socalTECH

Los Angeles-based Jukin Media , the viral- and user-generated content company, has promoted Lee Essner to the post of Co-CEO, the company said late Thursday. Essner--who has been President and Chief Operating Officer at the company since 2013, will share the CEO post with Jukin Media founder Jonathan Skogmo. READ MORE>>.

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