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Southern California needs to find its hub for it to develop its own tech ecosystem

TechCrunch LA

Recognizing the tens of billions of dollars that the Southern Californian region leaves on the table, because it hasn’t taken its rightful place in the American technology industry, a new group called the Alliance for Southern California Innovation has just released a report to analyze how SoCal can work to assume its pole position.

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Reflections on 2018: Andy Wilson, Alliance for SoCal Innovation

socalTECH

Editor's note: All this week, and into the start of next year, we'll be featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. Our first is with Andy Wilson of the Alliance for SoCal Innovation. You'll be able to browse all of those contributions here.

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Next SpaceX Falcon 9 Launch, Saturday, Should Be Visible Across SoCal

socalTECH

Anyone who someone managed to completely miss the last SpaceX launch in Southern California--the UFO-report-spurring, traffic-stopping launch of a set of satellites in December --might want to get up a little early on Saturday morning, and look to the North and West. PDT on Saturday, February 17th.

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socalTECH 50: Who are Southern California's Tech Up and Comers?

socalTECH

A couple of weeks ago, we announced the socalTECH 50 --our attempt to identify Southern California''s technology industry up-and-comers, the people most likely to create the next big thing, produce the next big exit or to influence the industry in a significant way. So, who are the socalTECH 50?

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Machinima Lays Off Most Employees, Ceases Operations, Say Reports

socalTECH

Machinima , which had been the poster child for Southern California's multi-channel-network (MCN) boom, has laid off most of its employees and ceased its operations , according to reports. in 2016, in a deal then reported as worth less than $100M. in 2016, in a deal then reported as worth less than $100M.

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LSI Cuts Jobs In Southern California

socalTECH

LSI Corporation , a developer of data storage products, has cut a product line it had been developing in Southern California, resulting in the layoffs of employees in Irvine and Westlake Village, as well as Israel and Silicon Valley. Sources close to LSI confirmed the layoffs.

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Will Facebook's IPO Unbottle Southern California's Pipeline?

socalTECH

The firm reported net income of $1 billion on revenues of $3.7 Facebook filed for its IPO Wednesday afternoon, saying that it is looking to raise up to $5 billion, in what is expected to be the biggest IPO since Google. billion in 2011 in its S-1, which is being underwritten by Morgan Stanley, J.P. Morgan, Goldman Sachs & Co.,