Both Sides of the Table
AUGUST 29, 2016
GOAT just announced it raised $5 million in venture capital led by our friends at Matrix Partners. On the surface that sounds unremarkable — fundings happen daily. But this isn’t just any funding. GOAT (“Greatest of All Time) is a sneakerhead marketplace that is en fuego, but we led the company’s last financing round in 2012 (yes, four years ago) when they were an application for letting people join group dinners.
socalTECH
AUGUST 30, 2016
Santa Monica-based Washio , the venture-backed, on-demand laundry startup, has shut down, according to the company. The company said that it will be shutting down its operations, as of Aug 29., and returning orders to customers. The company did not say why it decided to shut down. Washio had raised around $21.86M in funding, from such investors as A Grade Investments, AME Cloud Ventures, Canaan Partners, Pejman Mar Ventures, Sherpa Ventures, Three Six Zero Group, plus Ashton Kutcher and a large
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L.A. Business Journal
AUGUST 12, 2016
Appetize’s point-of-sale devices aim to help venues get a line on their concession stand needs.
InfoChachkie
AUGUST 8, 2016
A version of this article previously appeared in Forbes. Kate Hudson, Emma Roberts, Eva Longoria, Jessica Biel and Rihanna began wearing Z Supply's clothing before it could be purchased online. It may seem hard to believe, but even in 2016, there remain a number of successful consumer brands that are not sold online. The reasons companies elect to sell exclusively offline differ, but they often center on managing channel conflict with their retail partners.
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.
Berkonomics
AUGUST 25, 2016
How do you teach your work force that mistakes are OK as long as they learn and don’t repeat them? By being a visible example. A friend and fellow CEO states that he publishes each of his mistakes in his company internal blog along with the lesson he learned. “If the CEO can do this, he gives permission for anyone to confess as well,” he states. You may not know it but the National Transportation Safety Board has for years offered a reporting program for pilots, air controllers and others inv
SoCal Tech Calendar
AUGUST 29, 2016
Sunday, September 4, 2016 -- EMX LABOR DAY PARTY @ Tokyo Beat (DTLA). Electronic Music LA.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
AUGUST 8, 2016
Last week El Segundo-based Wpromote acquired fellow marketing agency Standing Dog, in a deal which brings the company to 260 employees, and continues to grow the company. We caught up with founder and CEO Mike Mothner --who we first interviewed back in 2007 --to catch up with the company, gets some hints and tips on growing a company, the challenges of bootstrapping, and why Wpromote hopes to be buying more companies in the future.
L.A. Business Journal
AUGUST 26, 2016
Ransomware attack on medical center may have nursed cybercriminals’ interest in such hacks.
L.A. Business Journal
AUGUST 19, 2016
Los Angeles County tech wages are growing faster than the earnings of tech employees in the nation’s other big cities, according to data from the U.S. Bureau of Labor Statistics compiled in a report by downtown real estate investment firm Jones Lang LaSalle Inc.
socalTECH
AUGUST 3, 2016
Los Angeles-based pet sitting marketplace DogVacay has announced its first, DogVacay Scholarship, a $3500 award which was open to any, entrepreneurial student either entering as a freshman to college in the Fall of 2016, or a student currently enrolled at a university. DogVacay said it awarded its first scholarship to Dusty Lynn Shipley, 19, of Arlington, TX, for her idea of an underground water detection system that would use soil-moisture levels to regulate sprinklers and save water.
socalTECH
AUGUST 26, 2016
Laguna Beach-based in-home care provider 24Hr HomeCare said Thursday that it has partnered with Uber , to offer up transportation for aging adults. According to the in-home care provider, it will provide those adults with rides from Uber drivers, who are specially trained by the Open Doors Organization to deal with such things as folded wheelchairs, walkers, and mobility aids, and who might be returning from the hospital.
socalTECH
AUGUST 31, 2016
Los Angeles-based Prime Focus Technologies , a developer of ERP software for the media industry, says it has received its first round of funding from private equity investor Ambit Pragma. Size of the investment was not announced. Prime Focus develops a cloud-based software product aimed at managing the supply chain for the media industry, and says its software is being used by such companies as 21st Century Fox-owned Star India, Novi Digital - Hotstar, Miramax, Disney, Warner Bros., Global Eagle
L.A. Business Journal
AUGUST 18, 2016
Amazon producing virtual and augmented reality content in Santa Monica, FreedomPop offers free WhatsApp data, and Atom Tickets expands nationally.
L.A. Business Journal
AUGUST 5, 2016
Google advances plans to relaunch the former Spruce Goose hangar as a massive office space.
L.A. Business Journal
AUGUST 22, 2016
Kobe Bryant has launched a $100 million venture capital fund.
L.A. Business Journal
AUGUST 19, 2016
L.A. tech wages rising fastest in the nation, Activision runs Snapchat zombie karaoke lens, and YP hires new CEO.
socalTECH
AUGUST 24, 2016
Real estate management software developer Accruent , which was founded 20 years ago in Los Angeles by Mark Friedman, said today a that Friedman--its CEO for nearly 20 years--is shifting to become Chairman of the board. John Borgerding becomes CEO of the company. Friedman is stepping away from the CEO role four months after the company was acquired by Genstar Capital.
socalTECH
AUGUST 2, 2016
Ojai-based software testing developer GenRocket , and digital services provider UST Global , which is based in Irvine, announced Tuesday that the two are in a new partnership, where UST Global will tap GenRocket's technology for automating the generation of test code and test data. Financial details of the partnership were not disclosed. UST Global said the move will help it provision test data for projects early in the software development life cycle for its clients.
L.A. Business Journal
AUGUST 31, 2016
Point-of-sale system manufacturer Appetize of Santa Monica has signed a deal with venue management firm Legends to outfit the Los Angeles Rams’ temporary home, the Los Angeles Memorial Coliseum, with its devices.
socalTECH
AUGUST 10, 2016
In what looks to be an unprecedented surge in high profile, high value exits for high tech companies in Southern California, there have now been six big exits in the region over the last month worth over $100M. Those exits--worth more than a collected $3.8 billion--include the recent sales of Vizio , Dollar Shave Club , Nervana Systems , TouchCommerce , and Orbitera , and Aurrion.
L.A. Business Journal
AUGUST 16, 2016
Chow Now integrated with Google search, Content Check acquires Honest Cooking, Intel to open L.A. virtual reality studio, and more.
socalTECH
AUGUST 1, 2016
Irvine-based dental laser maker BIOLASE , which trades on the NASDAQ as BIOL, said this morning that it has raised a private placement worth $10M. The funding came from Jack W. Schuler Living Trust, Oracle Partners, L.P. and Oracle Institutional Partners L.P., along with a number of its directors and officers. Biolase said the investors are paying $113.00 per share in stock, for 88,494 shares of its convertible preferred stock.
socalTECH
AUGUST 11, 2016
Westlake Village-based PureSpectrum , a startup which operates an online marketplace to help buyers collect survey panels, has raised $1.6M in a funding round, according to the company. The funding came from multiple, un-named strategic partners. The company was founded by Michael McCrary. PureSpectrum is part of the Hub101 startup incubator space in Westlake Village, which is part of the Cal Lutheran University Center for Entrepreneurship.
L.A. Business Journal
AUGUST 4, 2016
Disney launches kid-safe messaging app, advertisers warming up to Snapchat, and Gwyneth Paltrow and Will.i.am join Apple's TV Show.
socalTECH
AUGUST 4, 2016
For anyone who has ever gotten a mortgage for a home, they know it's a very slow, antiquated, frustrating, and time consuming process. It's also very expensive and complex for lenders. Enter cloudvirga (www.cloudvirga.com), a new startup in Irvine�created by veterans of the mortgage industry�which is hoping to disrupt that antiquated process, by automating the entire process.
socalTECH
AUGUST 31, 2016
Santa Monica-based startup MindSpark announced on Tuesday that it is expanding its efforts to provide enterprise level, software testing, tapping into a workforce of employees who are specifically on the autism spectrum. According to MindSpark, it specifically hires analysis who have been diagnosed on the autism spectrum, saying those employees have better detail orientation, pattern recognition and sustained focus, which are particularly useful in the software testing area.
socalTECH
AUGUST 31, 2016
Pasadena-based Jacobs Engineering Group said this morning that it has acquired the patent rights to a process for removing sulfuric acid from gases from Bayer AG. Financial terms of the technology buy were not announced. Jacobs Engineering said it acquired the BAYQUIK quasi-isothermal sulfuric acid converter technology and other related technology from Bayer AG, in a deal that includes all relevant Bayer technical, commercial and market information, plus transition services.
socalTECH
AUGUST 31, 2016
El Segundo-based fashion and e-commerce brand JustFab said this morning that it has made a major expansion of its collection, to provide fashions for every body type and extended sizes. According to the company, its new 'All Size' campaign will emphasize on-trend fashions for every body type, from XS to 3X & 24-34 with the additions of 16W- 24W.
socalTECH
AUGUST 30, 2016
The Tech Coast Angels , Southern California's biggest angel investment group, says its performance record and returns on its investments are higher than the average angel, in nearly all categories, based on a new academic study. According to the TCA, it had a 3.3x return on its investments, based on an analysis prepared by Dr. Rob Wiltbank and Professor Wade Brooks for Willamette University and the Angel Resource Institute (ARI).
socalTECH
AUGUST 29, 2016
Remember Los Angeles-based kids tablet maker Fuhu ? The company went from a hot startup--with over $200M in sales and 400 employees--to bankruptcy, in less than two years. The Los Angeles Times dissects the implosion of Fuhu, which once had hoped for an IPO, and was later sold to Mattel for a mere $21.5M out of bankruptcy. Fuhu was once the fastest growing startup in Los Angeles.
socalTECH
AUGUST 29, 2016
Los Angeles-based Vroozi , a developer of cloud-based, B2B procurement software, has raised $4M in a funding round, the company said this morning. The funding was led by Ally Holdings. The startup, led by Steve Olds, said the funding will go towards growing its sales organization, as well as for development efforts. READ MORE>>.
Berkonomics
AUGUST 18, 2016
Over fifty years ago, I was CEO of a record manufacturing company in Hollywood. We were the only such facility on the West coast to provide and control the entire process from studio, through finished vinyl record pressings in the same building, therefore able to promise quality control others could only dream about. As founder and CEO of the then public company, I was expert in several of the “clean” processes such as studio recording, record mastering, cover design and photo– lithography.
Berkonomics
AUGUST 11, 2016
It happens all the time when you’re a CEO. Somebody important leaves or is let go, and you worry over the impact upon remaining employees and customers. You worry that the person leaving will begin to unload all the pent–up garbage from the past, perhaps damaging the company and causing customer defections and even employee unrest. Your worry is real.
Berkonomics
AUGUST 4, 2016
It’s a term rooted in ancient philosophy. Robert Greenleaf may have been the first to resurrect the concept in his book published in 1970. Not quite as bold as inverting the management triangle, the concept of servant leadership requires that a business manager focus upon his or her people’s highest priority needs first. The question begged by the headline above is whether this form of leadership is perceived as soft, indecisive, and inappropriate for the fast–moving world of today’s business.
L.A. Business Journal
AUGUST 5, 2016
Facebook launches Snapchat-like camera, Wave VR raises to $2.5 million, Disney Channel launches short-form movies online, and more.
L.A. Business Journal
AUGUST 5, 2016
For Will Carter there is nothing much like the mind-clearing effect of a good bike ride.
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