Berkonomics
OCTOBER 11, 2018
Have you ever noticed how slow time passes when you are in a troubled environment? Conversely, sometimes you look up at the end of a great day and wonder where the time went. It’s driven from the top. Over the years, I have discovered that the difference is not just applicable to the good times, but to the environment, created by the senior executives, that filters throughout the organization.
TechCrunch LA
OCTOBER 22, 2018
How can Lime differentiate its scooters and bikes from the piles of Birds and Spins filling Los Angeles sidewalks? Apparently with a physical storefront where it can convince customers of the wonders of on-demand mobility. According to a job listing from Lime seeking a “Retail Store Manager,” the startup plans to open a “lifestyle brand store in Santa Monica” that “will place heavy importance on brand experience and customer engagement.” Lime will rent vehicle
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L.A. Business Journal
OCTOBER 3, 2018
Alphabet Inc.-subsidiary Google moved into the Spruce Goose hangar in Playa Vista Oct. 3, two years after it began leasing the space.
socalTECH
OCTOBER 24, 2018
California Lutheran University (CLU) is receiving a big, $6M donation from former Hughes Electronics Vice Chairman Steve Dorfman, for a new building for the school's School of Management, the school announced this morning. According to the Thousand Oaks university, Dorfman's contribution will go towards the construction of the two-story, 27,000-square foot Steven D.
Advertiser: Aggregage
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.
Eric Greenspan
OCTOBER 22, 2018
Woke up and there it was, my book cover. She just made it and sent it to me. I looked at it for a bit and started thinking about writing it. Then I did. I published the initial draft this past weekend and it’s now available for pre-order on Amazon. It’s interesting how the headline mentions “mindset” as that’s what happened here.
Xconomy
OCTOBER 29, 2018
In September, Backstage Capital , a venture investment firm seeding early-stage startups led by women, people of color, and members of the LGBTQ community, launched a $36 million fund to help support black women founders. At the same time, managing partner Arlan Hamilton said the Los Angeles-based firm would run accelerators in four cities: London, Philadelphia, Los Angeles, and a fourth city that would be determined by a public vote.
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TechCrunch LA
OCTOBER 22, 2018
In an attempt to boost diversity and inclusion efforts and civic engagement between the growing technology industry in Los Angeles and the community that surrounds it, over 80 venture capitalists and entrepreneurs joined the city’s mayor, Eric Garcetti, and the non-profit Annenberg Foundation to announce PledgeLA. The initiative is one way in which the Los Angeles technology community is attempting to ensure that it does not repeat the same mistakes made by Silicon Valley and San Francisco
L.A. Business Journal
OCTOBER 3, 2018
Santa Monica-based Activision Blizzard Inc. named J. Allen Brack its new president of Blizzard Entertainment Oct. 4, alongside two new promotions to the executive leadership team.
socalTECH
OCTOBER 25, 2018
San Diego-based Axos Financial , a consumer and business bank, said Wednesday afternoon that its subsidiary, Axos Securities , has agreed to acquire certain assets of WiseBanyan Holdings , a provider of digital wealth management software and services. Financial details of the all-cash transaction were not announced. WiseBanyon provides personal finance and investment management tools and its own technology platform, and was based in Las Vegas.
Startup Professionals Musings
OCTOBER 12, 2018
Many experts will tell you that you can’t succeed as a part-time entrepreneur, as any good startup will require a 100 percent commitment of your time and energy. But not many of us have enough savings to live for a year or more without a salary, fund the startup, and still feed the family. Thus I often recommend that entrepreneurs keep their day job until the startup is producing revenue.
Xconomy
OCTOBER 11, 2018
The World Wide Web is at a crossroads. For all the benefits it has brought society over the past three decades—faster and easier communication, instant knowledge access, a seemingly inexhaustible marketplace of goods and services—the Web has also morphed into an “engine of inequity and division,” according to its inventor , Tim Berners-Lee (pictured above).
TechCrunch LA
OCTOBER 11, 2018
Shopify , the provider of payment and logistics management software and services for retailers, has opened its first physical storefront in Los Angeles. The first brick and mortar location for the Toronto-based company, is nestled in a warren of downtown Los Angeles boutique shops in a complex known as the Row DTLA. For Shopify, Los Angeles is the ideal place to debut a physical storefront showing off the company’s new line of hardware products and the array of services it provides to busi
TechCrunch LA
OCTOBER 9, 2018
Shipwell , a startup pitching a marketplace for domestic ground shipping and fleet and cargo management services for freight trucking companies, has raised $10 million in a new round of funding. A booming American economy coupled with failing infrastructure and a low-margin business reluctant to adopt new technologies have put stress on domestic logistics companies in the $900 billion market for U.S. trucking services.
TechCrunch LA
OCTOBER 17, 2018
Lensabl , the company that has built a business putting prescription lenses into any style of glasses frame , has raised $3.7 million in a new round of funding. . Lensabl makes it easy to put new lenses in a favorite pair of shades or glasses. Based in Los Angeles, Lensabl already has an agreement inked with the city’s latest tech wunderkind, partnering with the spectacles-producing augmented reality luminaries at Snap. “We are the preferred prescription provider of Snapchat Spectacl
L.A. Business Journal
OCTOBER 10, 2018
South Korean broadcast company OGN is constructing a 3,500-square-foot e-sports arena in Manhattan Beach, and selected game developer PlayerUnknown Battlegrounds Co. Ltd. (better known as PubG Co.) as its first league partner.
L.A. Business Journal
OCTOBER 18, 2018
Playa Vista-based Xprize Foundation Inc. on Oct. 18 named technology entrepreneur Anousheh Ansari is its new chief executive.
socalTECH
OCTOBER 11, 2018
This morning, Moonshots Capital (www.moonshotscapital.com), led by Kelly Perdew and Craig Cummings , announced its first formal fund, a $19M seed stage fund. We sat down with Kelly ahead of the announcement to chat about the new fund, why they think military veterans are particularly well suited as startup entrepreneurs, why the two went from organizing individual deals for funding to a formal fund, and more.
socalTECH
OCTOBER 4, 2018
Costa Mesa-based Ice Energy , which develops an energy storage system used for saving energy used for air conditioning, has launched a new product specifically aimed at homeowners and builders. According to Ice Energy, it has rolled out a new product called Ice Cub , a hybrid air conditioning and energy storage system specifically for California homeowners and homebuilders.
socalTECH
OCTOBER 24, 2018
An effort to register new voters via Snapchat has resulted in 418,000 new voters, according to numbers given by Venice, California-based Snap to the New York Times. Snap is one of a number of companies -- including such local companies as Jam City and Mitu -- who have been pushing "get out the vote" voter registration efforts in their apps and services.
socalTECH
OCTOBER 11, 2018
Shopify , which develops software for merchants to set up e-commerce, mobile, social media sites, online marketplaces, bricks-and-mortar stores, and more, is setting up a space for entrepreneurs in Los Angeles, the company said this morning. According to Shopify, it has set up a location at the ROW DTLA in downtown Los Angeles, where it will provide in-person help, support, and training for merchants on its software platform.
L.A. Business Journal
OCTOBER 18, 2018
Manufacturing software maker FactoryFour, which recently opened a new Culver City office, received a $5 million round of funding led by Menlo Park, Calif.-based venture capital firm August Capital, with participation from Refactor Capital.
socalTECH
OCTOBER 30, 2018
Glendale-based LegalZoom , the online legal filing site which focuses on small businesses and families, has named David Yuan, a General Partner at Technology Crossover Ventures (TCV) to its board of directors. According to LegalZoom, the addition comes as part of an investment by TCV in LegalZoom. Details on TCV's investment were not announced. LegalZoom said that TCV has "deep experience" investing in and advising companies serving small and midsized businesses (SMB), such as GoDaddy, LinkedIn
socalTECH
OCTOBER 18, 2018
Los Angeles-based Ticketmaster said this morning that it has acquired a blockchain startup, UPGRADED. UPGRADED develops blockchain software which aims to convert traditional tickets into digital assets, combined with dynamic, encrypted barcodes Ticketmaster says prevent fraud often associated with paper or PDF-based tickets. Financial details of the acquisition were not announced.
socalTECH
OCTOBER 18, 2018
El Segundo-based CUJO AI , a developer of artificial intelligence-based cybersecurity software for telecom network operators, has raised a round of growth capital from KPN Ventures, the company said this morning. Size of the investment, which was part of a larger Series B investment, was not announced. KPN Ventures is the corporate venture capital arm of Netherlands-based KPN, a large telecom company.
socalTECH
OCTOBER 8, 2018
Monrovia, California-based Aerovironment , a major developer of unmanned aerial vehicles (UAVs) and drones for the military, said it has inked a deal with General Dynamic Land Systems (GD), to integrate the company's unmanned aircraft and tactical missle systems with armored combat vehicles. Aerovironment said the deal is part of the upcoming U.S. Army Next Generation Combat Vehicle (NGCV) and U.S.
L.A. Business Journal
OCTOBER 3, 2018
Culver City-based mobile game developer Jam City Inc. announced Oct. 3 it will partner with nonprofit voter registration organization When We All Vote to produce public service announcements encouraging its users to vote.
TechCrunch LA
OCTOBER 10, 2018
On October 18 — just one week away — some of the most brilliant and innovative minds in reality creation will gather at UCLA’s Royce Hall in Los Angeles to attend TC Sessions AR/VR 2018. Whether you’re an early startup founder, an investor, a developer or a student, if you’re focused on AR/VR, you don’t want to miss this day-long intensive event that goes deep into the current and future state of augmented and virtual realities.
socalTECH
OCTOBER 23, 2018
Los Angeles-based mobile game developer Jam City is getting into the Halloween spirit, saying this morning that it has been rolling out themeed content throughout the month of October ahead of the Halloween holiday. According to Jam City, the Halloween gaming content has been rolled out across a wide range of its titles, ranging from Cookie Jam and Panda Pop to Family Guy: Another Freakin Mobile Game, Cookie Jam Blast and Genies and Gems.
socalTECH
OCTOBER 22, 2018
CrowdStrike , the cybersecurity software developer which has major operations in Irvine, has hired an IPO banker and is eyeing an IPO before the end of the year, according to a report from Reuters. According to the report, CrowdStrike has hired Goldman Sachs to run its IPO process. No other details of the IPO have yet been announced or released. CrowdStrike is led by veteran cybersecurity executive George Kurtz, and raised a big funding round in January.
socalTECH
OCTOBER 12, 2018
Santa Monica-based videogame publisher Activision said this morning that the latest sequel in its Call of Duty series of games, Call of Duty: Black Ops 4 , is now available worldwide. The company said the title is now avaliable both digitally and at global retailers worldwide. The new game includes multi-player options, "more Zombies available on day one than any other game", a new mode called "Blackout", among other features.
L.A. Business Journal
OCTOBER 31, 2018
Downtown LA-based DreamHost, a provider of web hosting and site management, announced Oct. 30 it completed an $18 million debt financing credit facility with J.P. Morgan Chase and Co.
socalTECH
OCTOBER 29, 2018
Los Angeles-based subscription box service Loot Crate has inked a deal to bring a new subscription box to Amazon's Subscription Box Store , the company said last week. According to Loot Crate, it will debut a new subscription box for pop culture fans on Amazon, beginning in November. Amazon said its curated collection of "fan-favorite TV shows, movies, and games" will feature more than four items, and has over a $45 value.
socalTECH
OCTOBER 16, 2018
Los Angeles-based j2 Global , which owns a large portfolio of Internet services, including such services as eFax, eVoice, Campaigner, Livedrive, as well as online media outlets like IGN, Mashable, PCMag, Everyday Health, and others, has acquired five more companies. According to j2 Global, the five acquisition were all made in the third quarter of 2018, and included PRIME Education , The Communicator Corporation , BestBlackFriday.com (certain assets), Downdetector , and DemandShore.
socalTECH
OCTOBER 30, 2018
San Diego-based biotechnology developer Halozyme Therapeutics announced this morning that it has licensed some of its drug delivery technology to Roche , in a deal worth $25M upfront, and a potential to earn another $160M to $165M per target. According to Halozyme, the licensing deal covers its ENHANZE drug delivery technology, for use in a new undisclosed clinical stage therapeutic target, with an option to select two additional targets within four years.
socalTECH
OCTOBER 30, 2018
Santa Barbara-based MEMs technology developer Innovative Micro Technology (IMT) said early this morning that it has received a majority equity financing from Cerium Technology. Size and terms of the majority equity investment were not announced. Cerium Technology is an investment firm focused on the Internet-of-Things (IoT) market. IMT said it will use the funding to accerate growth in the IoT sensing and communications markets.
socalTECH
OCTOBER 26, 2018
Hawthorne-based SpaceX is getting set to reach another milestone in its development of space exploration technology, which is to push the reuse of its rockets even further. According to a SpaceX official, the company is about to relaunch one of its boosters for the third time. Although SpaceX has re-used many of its rockets in prior launches--re-using the first stage of Falcon 9 rockets 30 times--it has only done so twice with each booster.
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