August, 2018

With $40 million for AuditBoard’s risk and compliance toolkit, LA’s enterprise startups notch another win

TechCrunch LA

Daniel Kim and Jay Lee, the two founders of AuditBoard , a Los Angeles-based provider of a risk and compliance software service for large businesses, grew up middle school friends in Cerritos, Calif.

Silicon Beach Report Aug. 9: TaskUs Lands $250 Million

L.A. Business Journal

TaskUs worth $500 million following latest funding round; Stamps.com stocks fall after Post Office comment; Heineken passes on Snapchat in favor of other social media outlets

Why It’s Time for Les Moonves to Go — You Can’t Charm Your Way out of Sexual Misconduct

Both Sides of the Table

I just returned from a week’s vacation in the mountains where I had almost no Internet access but was aware that Ronan Farrow had published a damning sexual misconduct article about Les Moonves, the Chairman & CEO of publicly traded company CBS Corporation.

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Alnylam Gets Landmark FDA OK For First-Ever RNAi Drug

Xconomy

Alnylam Pharmaceuticals made history this afternoon. The FDA has just approved Alnylam’s patisiran (Onpattro) , making it the first medicine specifically cleared to treat a rare and deadly disease called hereditary transthyretin amyloidosis (hATTR).

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More Trending

Amazon to Team With L.A. Community Colleges for Cloud Computing Certificate Program

L.A. Business Journal

Amazon.com Inc.’s s Amazon Web Services announced Aug. 9 that it will collaborate with the California Cloud Workforce Project (CA Cloud) and 19 community colleges in Los Angeles County to offer a regional cloud computing certificate. To date, this is the first program of its kind created by Amazon and local colleges

Can you defend your pricing niche against your competition?

Berkonomics

This week, we continue our series on marketing and positioning. There can be nothing more important in your business planning that selecting the proper pricing niche, making your story clear using that niche, and the defending your position against the competition.

Patients Have “Fingers Crossed” As Alnylam Awaits Historic FDA Decision

Xconomy

By next Friday, the FDA could for the first time approve a medicine that uses a biological trick that was only discovered two decades ago: RNA interference , which silences a gene before it can make a harmful protein.

Softec Techbrew. BlockChain and Crypto Currency

SoCal Tech Calendar

Monday, August 20, 2018 -- Softec Techbrew. BlockChain and Crypto Currency. Marvin Byrd is a 7 year veteran of the cyber security industry who has specialized in crypto algorithm implementations. Marvin has worked with the PCI (Payment Card Industry) alliance looking at the security of credit card devices devices and side channel attacks for breaking crypto keys. Marvin will be discussing how block chain works and why it is the basis for most crypto currencies.

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Skyworks Completes Avenera Acquisition

socalTECH

Irvine-based Skyworks Solutions , which develops analog semiconductors, said late Friday that it has completed its acquisition Avnera Corporation. The acquisition had been announced on August 3rd, and is worth up to $425M in total. Skyworks said it paid cash for the acquisition.

UberAIR to take flight with help from UT Austin and U.S. Army Research Labs

TechCrunch LA

After three months of discussions, Uber Elevate has selected The University of Texas at Austin as its partner alongside the U.S. Army Research Laboratory to develop new rotor technology for vehicles that the company will use in its uberAIR flying taxi network.

Silicon Beach Report Aug. 17: SpaceX Gains NASA Fueling Approval

L.A. Business Journal

SpaceX approved for “load-and-go” procedure; Netflix testing new ads; NTS heading to Anaheim

Catch up to your market or be lost!

Berkonomics

Markets and competitors change. Are you being left behind?

Ford’s Autonomic Pairs With Alibaba Cloud On Mobility Hub for China

Xconomy

Ford—one of the automakers competing in China’s huge car market—is now making a bid to provide China’s leading software infrastructure hub dedicated to streamlining transportation by connecting cars and riders with mobility services. Ford’s recently acquired unit Autonomic , which co-created the automaker’s Transportation Mobility Cloud (TMC), inked a deal Tuesday to partner with Alibaba Cloud, the cloud computing division of Chinese e-commerce giant Alibaba.

South Bay Monday Club

SoCal Tech Calendar

Monday, August 20, 2018 -- South Bay Monday Club. Monday Club helps Southern California companies improve their business plan presentations and meet experts who can help them achieve their objectives. Email fredvmc@earthlink.net for more information.

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CrowdStrike Names IPO Veteran As Chief Legal Officer

socalTECH

Cloud cybersecurity software developer CrowdStrike announced today that it has named Paul Bradley Shinn as its Chief Legal Officer. Shinn was previously Chief Legal Officer and Senior Vice President of Corporate Development at Gigamon, and also had served at HP's Enterprise Group and Wilson Sonsini Goodrich & Rosati. According to Crowdstrike, Shinn's role at Gigamon included leading the company's successful initial public offering in 2013.

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Rapper Azealia Banks’ claims to have the inside track on Elon Musk’s Tesla take-private drama

TechCrunch LA

If Azealia Banks’ Instagram account is to be believed , Elon Musk’s tweets about Tesla’s take-private deal can be chalked up to some good ole acid and a whole lot of post-tweet frantic scrambling. Over a series of Instagram stories from the weekend, Banks (whose account should be taken with an entire salt shaker — more on that later) reported from the belly of the beast (which in this case is one of Elon Musk’s Los Angeles homes).

Silicon Beach Report Aug. 7: Katzenberg’s NewTV Raises $1 Billion

L.A. Business Journal

Katzenberg’s short-form video project raises $1 billion; SpaceX hosting mars landing conference; Nexus Technologies acquires Cal Net

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Have you experienced your “Every Three-Million Dollar Crisis?”

Berkonomics

Here is a phenomenon I discovered over time when dealing with many small start-ups in their early revenue period. A very predictable series of rotating crises seemed to befall most every one of these young companies.

SF’s Full Harvest Bags $8.5M to Help Sell “Ugly and Surplus” Produce

Xconomy

Full Harvest, an online market for imperfect produce that previously would have been thrown out, announced it has raised $8.5 million in a Series A round of funding. The funding was led by Spark Capital and includes investors such as Cultivian Sandbox Ventures, Rent the Runway co-founder Jenny Fleiss, and John Scherr, head of strategic partnerships at CircleUp. Full Harvest raised $2 million in seed funding last year.

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Exit Options in Today's Environment

SoCal Tech Calendar

Thursday, August 16, 2018 -- Global LAVA: "Exit Options in Today's Environment" Whether you are just starting a business or exploring exit options, this Global LAVA event is designed to educate entrepreneurs, investors, and service providers about the current market dynamics and opportunities to position a company for a successful exit. Come learn about the corporate MandA process, discover what financial sponsors are looking for, and understand whether an IPO is still an option.

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Interview with Marlon Nichols, Cross Culture Ventures

socalTECH

What's the best way to build a strong portfolio of technology companies, which tap into the broadest markets and avoids the "bubble" group-think of many venture firms? For this morning's interview, we sat down with Marlon Nichols , co-founder and Managing Partner of Los Angeles-based Cross Culture Ventures (crossculturevc.com).

Silicon Beach Report Aug. 16: Tech Investor Sues AT&T Claiming ‘SIM Swap’ Scam

L.A. Business Journal

Cryptocurrency investor Michael Terpin sues AT&T over “SIM swap” scam; Cargomatic raises $35M in series B round; Boeing acquires El Segundo-based satellite and flight-plan maker

Tinder Sues Parent Company

L.A. Business Journal

Match Group dating app subsidiary Tinder Inc. has filed a lawsuit against parent company InterActiveCorp., alleging IAC purposefully undervalued the company to avoid proper payouts to executives

Silicon Beach Report Aug. 15: AuditBoard Nets $40 Million

L.A. Business Journal

Risk and compliance software company AuditBoard raises $40 million; Bird, Lime lead e-scooter protest in Santa Monica; Tinder sues parent company

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Lucidity Announces $5 Million Funding Round

L.A. Business Journal

Marina del Rey advertising blockchain firm Lucidity (an affiliate of KR8OS Inc.) announced Aug. 15 it completed a funding round of $5 million in total, comprised of investments from six venture capital firms

Silicon Beach Report Aug. 14: Snapchat Gives Creators AR Power

L.A. Business Journal

Snapchat enlists Nicki Minaj to show how AR tools let users shop in RL; SpaceX invites guests into the Dragon X; Treyarch testing Battle Royale mode

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Silicon Beach Report Aug. 13: Chrome River Inks Deal With Exxon

L.A. Business Journal

Chrome River picks up ExxonMobil; Wells leaving Netflix; Bird scooters face vandalism

GumGum Inks Deal with Jim Maui Invitational

L.A. Business Journal

Santa Monica’s sports marketing firm GumGum Sports (a division of GumGum Inc.) announced Aug. 10 it signed a multi-year agreement to provide media valuation services for the Maui Jim Maui Invitational basketball tournament