November, 2018

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ViaCyte Raises $80M In Series D Funding

socalTECH

San Diego-based biotech startup ViaCyte , which is developing human cell therapy for treating diabetes, says it has raised $80M in a Series D funding round. The funding was led by Bain Capital Life Sciences, and also included TPG, RA Capital Management, Sanderling Ventures, plus angels. According to the company, the funding will go to advance its stem cell-derived islet replacement therapies, which are aimed at curing patients with type 1 diabetes, and also treat patients with type 2 diabetes wh

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The top 10 cities for $100M VC rounds in 2018 so far

TechCrunch LA

Jason Rowley. Contributor. Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor. The SaaS VC gap: China & other markets trail the US. Early-stage SaaS VC slip snaps recovery as public software stocks soar. Crunchbase News recently profiled a selection of U.S. companies’ largest VC raised in 2018 , and no surprise here: the 10 largest rounds all topped out well north of $100 million.

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Vertebrae Launches Augmented Reality E-Commerce Platform

L.A. Business Journal

Santa Monica-based augmented reality advertising and software provider Vertebrae announced Nov. 12 the launch of its new e-commerce AR platform, Axis.

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Do you want to control your business destiny?

Berkonomics

There is nothing quite as thrilling in business as igniting a startup and watching it blossom. Especially when starting a company with personal savings or money from relatives and friends, early signs of success are intoxicating. Each new customer, each mention in the press or online adds to the feeling of early accomplishment. And it is more satisfying because it is yours, from idea to execution.

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

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.

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Immigrants Are Key to Winning the AI Arms Race

Xconomy

If we want to create jobs and economic opportunity here in the U.S., we’re going to need immigrants. Not only have they pioneered our country’s greatest achievements, bringing you everything from hot dogs to YouTube, but today they serve at the cutting edge of our foremost industries. Nowhere is this more true than in the field of artificial intelligence, where foreign-born innovators created many of the technologies now changing the way we live, work, and play.

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Lessons On Startup Success From An Olympic Champion

Startup Professionals Musings

Willingness to take a risk is the hallmark of a serious entrepreneur. That’s why one of the first questions that potential investors ask is “How much of your own money, and friends and family, have you put into the new business?” If you won’t risk yours, you won’t get investors to risk theirs. A while back I read the classic book “ When Turtles Fly ” by Nikki Stone, an Olympic champion, which explains this well.

Startup 101

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FabFitFun surpasses $200 million in revenue as it hits million-subscriber milestone

TechCrunch LA

At least one million people will be receiving the next FabFitFun box as the Los Angeles company surpasses $200 million in revenue and continues its run as one of the startups to watch in the Los Angeles tech community. . As it renews its focus on media — doubling down on new programming in a bid to reach further into repeatable revenue through subscriptions that encompass more than just retail — the company is trying to frame itself as more than just makeup and accessories in a box.

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Cornerstone Buys Grovo Learning for $24M

L.A. Business Journal

Santa Monica-based Cornerstone OnDemand Inc. has acquired privately held Grovo Learning Inc., a New York City-based technology company.

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Are you wasting money filing patents?

Berkonomics

I’ve been working with early stage companies and their intellectual property protection plans for years. But only recently did I read a clear document on the risks and rewards of patent strategy. Thanks to Russ Krajec, a patent attorney, for the quick improvement in my education, here are some important points to consider when thinking of your patent strategy.

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Genetic Medicine: FDA OKs 2nd Cancer Drug that Targets DNA, not Tissues

Xconomy

Going deeper into the new world of genetic medicine, the FDA has for the second time approved a drug that targets a tumor’s DNA fingerprint, no matter where in the body that cancer is found. And more could be on the way. The drug is larotrectinib (Vitrakvi), from Loxo Oncology (NASDAQ: LOXO ), and it has been designed to knock out tumors in which a gene called NTRK has abnormally fused to another gene.

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6 Steps To Providing Exceptional Customer Experiences

Startup Professionals Musings

For decades, efforts to satisfy customers have been built around demographics – capitalizing on race, ethnicity, gender, income, and other attributes. Today, in this age of pervasive social media and two-way communication, the focus needs to get beyond demographics into personalities. Customer personalities define customer experience, and sets what they love, and what they hate.

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Syntiant Snags $25M For Edge Computing

socalTECH

Irvine-based Syntiant , which is developing semiconductor used for edge computing, raised $25M in its Series B funding. The funding came from Sunstone Venture Capital Fund, along with Seraph Group, plus Microsoft, Intel, Amazon, Robert Bosch, Applied Materials, and Motorola, according to the company. Sunstone was an investor in its Series A funding.

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Jam City is setting up a Toronto shop by buying Bingo Pop from Uken Games

TechCrunch LA

The Los Angeles game development studio Jam City is setting up a shop in Toronto with the acquisition of Bingo Pop from Uken Games. Terms of the deal weren’t disclosed. The deal is part of a broader effort to expand the Jam City portfolio of games and geographic footprint. In recent months the company has inked agreements with Disney — taking over development duties on some of the company’s games like Disney Emoji Blitz and signing on to develop new ones — and launchin

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LA Ranks Second in Tech Office Market Rent Growth

L.A. Business Journal

Los Angeles’ technology sector is growing, according to a recent study from real estate brokerage firm CBRE Group Inc.

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The most satisfying life journey is never about the money.

Berkonomics

Allow me to reminisce. This is the final post of this cycle. Next week we return to the start of the journey, focusing upon the “what and how” to ignite a successful enterprise from start-up to exit. But, for this short moment…. Looking back over an entrepreneur’s journey. As I look back over more than fifty years as an entrepreneur, I can think of the financial focus of my three entrepreneurial businesses as a prime driver in my life during the early stage of each.

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How Blockchain Is Finding a Place at Your Thanksgiving Table

Xconomy

The food we buy in grocery stores and restaurants has a story to tell about where it came from and each step it took on its journey to your dinner table. Blockchain technology can help tell that tale. The story many food companies want to tell these days is about safety. Earlier this year, an E.coli outbreak sparked the recall of tons of prepackaged romaine lettuce nationwide.

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LA Auto Show

SoCal Tech Calendar

Thursday, December 6, 2018 -- LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different.

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Esports One Wins Riot Games Brazil

socalTECH

Santa Monica-based Esports One , which develops data and analytics software for the esports industry, said on Tuesday that it has partnered with Riot Games. Esports One said it will provide real time stats and data to Riot's League of Legends broadcasts in Brazil. Financial details of the deal were not announced. Esports One says it uses computer vision technology to provide real-time analytics and capture of what is happening with professional esports matches.

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How to get to the polls for free at the 2018 midterm elections

TechCrunch LA

In case you haven’t heard, polls will open Tuesday morning across the U.S. for the 2018 midterm elections. It’s a big deal, so go vote. And this year, there are more free ways to get to the polls than ever before thanks to a variety of non-partisan “get the vote out” campaigns from ride-hailing, bike sharing and scooter companies.

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Easy Access: Openpath Looks to Make Building Security More Efficient

L.A. Business Journal

Openpath Security Inc. wants to make sure you never get locked out of the office again.

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Money is not the only measure of success.

Berkonomics

I am sure you heard of Maslow’s Hierarchy of Needs that motivate our behavior, in which Abraham Maslow laid out a human’s needs – from the physiological, to safety, then love and belonging, on to esteem and finally self-actualization. A little too esoteric for you? Let’s make it more personal. So, where are you in that hierarchy? Let’s assume for a minute that you have just sold your business, or come into money beyond your current needs….

Coach 120
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Necessity Vs. Innovation-Based Entrepreneurs

Xconomy

What makes someone an entrepreneur? Most simply defined , an entrepreneur is a person who identifies a need and starts a business to fill that void. But others will argue that a “true” entrepreneur must come up with an innovative new product or service and then operates their business to sell and profit from that innovation. Under the broader definition are those people who become entrepreneurs out of necessity – starting their own business after losing a job, to supplement their income, or to g

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LA Auto Show

SoCal Tech Calendar

Wednesday, December 5, 2018 -- LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different.

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NASA To Elon Musk: Smoke Weed On A Podcast Again, Lose Commercial Crew Missions

socalTECH

NASA has a big message for Elon Musk , the technology mogul behind Los Angeles-based rocket firm SpaceX : smoke marijuana on a podcast again, and SpaceX will lose its opportunity to launch astronauts into space. According to The Atlantic, NASA administrator James Bridenstine specifically launched a safety review of SpaceX due to Musk's antics on the Joe Rogan Experience, where he smoked marijuana and drank whiskey on a podcast.

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Live streaming studio, Culture Genesis, launches its first show, the quiz-based Trivia Mob

TechCrunch LA

A new generation of entrepreneurs is emerging to refashion the Los Angeles studio system for the digital age forming companies that combining live-streamed video, podcasts, and the newfound social media celebrities to craft entertainment for a new breed of consumer. Two of those startup founders, longtime Apple executive Cedric Rogers and former developer for VEVO and MLB digital Shaun Newsum, are now pulling the curtains back on the first fruit of their production studio, Culture Genesis , with

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H1Z1 Pro League Shuts Down, Citing Funding Failures

L.A. Business Journal

Roughly two months after it was first reported that Patrick Soon-Shiong’s El Segundo e-sports arena was to house the H1Z1 Pro League, the League announced it will cease operations due to payment issues.

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Why not share your liquidity success with those who got you there?

Berkonomics

So, you are close to selling your company, and counting the profits a bit early. Well, that’s human nature. Here’s a thought for you to recall later when and if the event happens. Remember those who got you there. And for tax reasons, remember them before the closing of the deal, so that you can do so by sharing a bit of your proceeds without paying personal income tax upon those amounts.

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Cybersecurity Startup AttackIQ Hires New, Bay Area-Based CEO

Xconomy

Cybersecurity startup AttackIQ has appointed veteran tech executive Brett Galloway as its new CEO. AttackIQ said Galloway is taking over the role from Carl Wright, who has been named chief commercial officer. Wright was hired as chief revenue officer in August 2017. The company said he was named interim CEO in September of this year. However, the San Diego-based company, which emerged from stealth mode in 2016, was guided through its early years by president and CEO Stephan Chenette.

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LA Auto Show

SoCal Tech Calendar

Tuesday, December 4, 2018 -- LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different.

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San Diego Startup Investors Launch Their Own TV Show, VCs In A Van

socalTECH

Who needs Shark Tank? A group of San Diego angel and venture capital investors have launched their very own television show--which is airing on local cable channels--focused on investments in Southern California--called VCs in a Van , which will air on local Cox, Time Warner, and Spectrum channels. According to the new show, it will start airing episodes on December 2nd, and feature such investors as Neil Senturia, Tom Tullie, Mark Bowles, and Taner Halicioglu, who tool around San Diego and othe

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7 Steps To Meeting Your Goals With Your New Venture

Startup Professionals Musings

Successful entrepreneurs are usually hard-driving, and highly focused on some specific goals, like being the dominant player in a given domain, or the low-priced provider of their product. Yet other entrepreneurs will talk for hours about all their ideas, and how they intend to change the world, but I don’t hear any specific goals or milestones. Many people are very hesitant to set specific goals, due to lack of self-confidence or whatever.

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Inspire’s Energy Experiment: Flat Rates Billed as ‘Subscription Service’

L.A. Business Journal

Santa Monica-based Inspire Energy Holdings has a unique pitch for an energy company: selling power to customers on a subscription basis with flat monthly payments.

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Jam City Acquires Bingo Pop Mobile Game

L.A. Business Journal

Culver City–headquartered mobile game developer Jam City Inc. reported Nov. 28 it acquired a new title from Uken Studios Inc., which does business as Uken Games. The news came less than two weeks after Jam City announced its strategic partnership agreement with the Walt Disney Co.

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Robo Chef: Miso Robotics Gets Out of the Lab and Into the Kitchen

L.A. Business Journal

Miso Robotics Inc. doesn’t believe robots should take every job – just some unpleasant ones.

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Silicon Beach Report Nov. 11: SpaceX Shifts Gears on Satellite Testing

L.A. Business Journal

Seven exit SpaceX's satellite testing team; Hulu prioritizes non-English content; new Office of Child Protection website launches with AI

SpaceX 157
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ServiceTitan Secures $165M From Venture Capital Group to Expand

L.A. Business Journal

Glendale-based ServiceTitan Inc. has secured $165 million in funding from a venture capital group to build out its home services software firm through acquisitions and moves into new markets.