May, 2016

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What is it Like to Wake Up and Have the Press Ready to Torpedo Your Business?

Both Sides of the Table

In case you missed it, the press yesterday ran several stories questioning the viability of a wireless charging company I invested in… Continue reading on Both Sides of the Table »

Press 241
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Work–life balance is now a cliché

Berkonomics

Dave’s Note: Our special guest author this week is Kelly Graham from Decision Toolbox, Inc. You’ll enjoy her take on one of the basic issues of our business-personal lives… By Kelly Graham. Finding work–life balance is one of the most abused clichés in business today. Why? Because there is no such thing as work–life balance in corporate America today.

Startup 190
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Trending Sources

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Tipalti Takes On Accounts Payable

socalTECH

Tipalti , a startup with offices in Agoura Hills, said it has launched a new platform which automates the entire, accounts payable workflow for businesses. The company said its cloud-based product helps companies handle invoice collection and approval, plus also managed supplier payment operations, tax compliance, global payment remittance, and payment reconciliation with ERP systems.

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Blankspaces Targets New Location In Hollywood

SoCal Tech Calendar

Coworking space operator Blankspaces says it is planning a big expansion in mid-June, and plans to open up a new location in Hollywood. According to the company, the new space will have 14,500 feet, and will be its biggest location so far. Blankspaces currently has two other locations, one in the Mid-Wilshire district, and the other in downtown LA. The new location is located at 6600 Sunset Boulevard, and is aiming at everyone from solo entrepreneurs to small teams, with per-hour rates on workst

Hollywood 150
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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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Entrepreneur Hack: This Remote Team Of 12 Generated $100M

InfoChachkie

A version of this article previously appeared Forbes. When I published This Remote Working Experiment Failed And Succeeded on the Wall Street Journal last year, I had no idea it would generate so much social media attention. Given TimeHop’s failed experiment, I was especially intrigued when I learned that a team of a dozen remote entrepreneurs hack the typical corporate structure and creates a company that generated nearly $100 million in revenue.

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Universal Music Acquires Digital Marketer Fame House

L.A. Business Journal

In a push to further diversify its business, Universal Music Group has acquired Fame House, a digital-marketing agency with musician clients such as Eminem and Pearl Jam. Terms of the deal were not disclosed.

Marketing 140

More Trending

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Micro–train; macro–manage

Berkonomics

Dave’s note: The week, we again welcome Kim Shepherd as our guest author, with her blunt, on-the-target style. As always, you should enjoy her insights for management… By Kim Shepherd. You have enough on your plate without having to hold your employees’ hands or peer over their shoulders. In fact, the ideal scenario is to follow Lee Iacocca’s strategy: “I hire people brighter than me and then I get out of their way.” Of course, in practice it’s not tha

Training 136
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Startup Accelerator, Backed by LA Investors, Targets VR, AR

socalTECH

The Green Screen Institute , a startup accelerator which is looking to create innovation in the virtual reality (VR) and augmented reality (AR) areas, says that it is getting close to closing applications for its first, startup accelerator program. The accelerator--backed by a long list of Los Angeles investors and startup veterans, including Scott Lenet of Touchdown VC, Adam Rockmore (VP Marketing, Fandango), David Fields (Tornante Company), Robyn Ward (Head of New Media Ventures at United Tale

Fandango 174
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SpaceX Successfully Launches Thaicom 8 Into Space

SoCal Tech Calendar

Hawthorne-based SpaceX has successfully launched another spacecraft into space, with a mission to launch a satellite payload for Thaicom into orbit on Friday. The company's Falcon 9 launched at 5:39pm ET from Cape Canaveral. SpaceX was expecting to attempt another landing of Falcon 9's first stage on its landing barge. The satellite being launched by SpaceX was built to Orbital ATK as an addition to Thaicom's existing satellite constellation, and will be launching into geostationary transfer orb

SpaceX 140
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Practice Entrepreneurship With A Purpose – Before You Start A Company

InfoChachkie

A version of this article previously appeared on Forbes. Even Stephen Curry Needs To Practice. Entrepreneurship is a contact sport. It cannot be learned from a book or in a classroom. The skills which underlie entrepreneurship are largely learned first-hand, through trial and error. However, you do not need to start a business to begin exercising your entrepreneurial muscles.

Company 127
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Make It Work, Now Belongs To Geek Squad

Eric Greenspan

In 1995, I sat on my couch with an IBM Thinkpad 720C, Coreldraw, Microsoft Word and created Make It Work. I wrote a one page business plan and create this logo: My business idea was simple, I wanted to help people “make it work” in their business using technology and building operational software solutions. I built CRMs out of Microsoft Access and installed networks.

IBM 136
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Half Lives. Social Media. And Snapchat Stories.

Both Sides of the Table

I’ve been online for nearly 30 years (yes, there was CompuServe and Prodigy before the www), blogging for 10 and using social media tools since the earliest days. I love to watch networks evolve, see how crowds gather and communicate and curate and share. Twitter was the most unique social sharing platform that had emerged in my experience because it unintentionally innovated on a constraint of 140 characters (initially so that it could send messages as SMS, which it self had a size constraint).

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Hire “Jacks” (and “Jills”)

Berkonomics

Sometimes you need to hire a specialist already trained in a single narrow task. But for most of us, we’d do far better hiring someone who has proven from past experience to be a “jack of all trades” able to fill many positions, do many tasks, learn and perform in many situations. You’d be going against the grain of advice by many who state that trained, experienced new hires will benefit the organization, raise the level of enterprise expertise, and fit in and contribute immediately.

Training 136
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March Capital Partners Launches $240M Venture Fund

socalTECH

Santa Monica-based March Capital Partners , the venture capital investment firm founded by venture investment veterans Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, said this morning that it has had a final close on its first fund, at $240M. Armstrong and Mandal previously led Clearstone Venture Partners and idealab Capital Partners, Montgomery was the founder and CEO of Montgomery & Co., as well as the Montgomery Summit, and Milken was the founder and COO of AltEgo and

Capital 172
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Western Digital Bumps Guidance

SoCal Tech Calendar

Irvine-based Western Digital has bumped its guidance for its fourth, fiscal quarter, saying it now expects fourth quarter revenues of between $3.35 billion to $3.45 billion, up from an earlier forecast of $2.6 billion to $2.7 billion. The upped guidance comes due to the company's acquisition of San Disk. Western Digital closed its $19 billion acquisition of SanDisk earlier this month.

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Collectors Now Look to Hang With Artists Online

L.A. Business Journal

Websites such as Saatchi Art offer artists a new way for their works to click with collectors.

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Never Stop Learning

Eric Greenspan

I’ve been a student most of my life. Lately, I’ve spent a lot of time in “unfamily” court. While I really don’t want to be there, I kinda love it. I watch case after case and hope I’m not called next, so I can watch more. The judge is smart and fair and I like her. The process fascinates me. It’s very clickish in that you are a bit of an outcast if you don’t understand the complicated procedures.

Education 100
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Stuck in the Middle With You

Both Sides of the Table

It’s safe to say that all eyes globally are on the United States right now with an election that feels more like a script of House of Cards… Continue reading on Both Sides of the Table »

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Work on your three levels of leadership

Berkonomics

Another leadership development bit? Yup. But if you have no time or are impatient, here are the three levels: visionary, strategic and tactical. Skip or stay, but think about your balance in leadership either way. As a leader, you have to worry over issues from mundane to strategic, constantly reordering your priorities to accommodate competing needs.

Metrics 131
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USC Gets $200M From Oracle's Larry Ellison For Cancer Research

socalTECH

The University of Southern California has just received a huge, $200M donation from Oracle founder Larry Ellison , to create a new cancer treatment research center. According to the school, the donation will create the Lawrence J. Ellison Institute for Transformative Medicine of USC , a multi-disciplinary center focused on the prevention and treatment of cancer.

Oracle 138
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Platinum Equity Acquires Electro Rent For $323.4M

SoCal Tech Calendar

Beverlly Hills-based private equity investor Platinum Equity , and Van Nuys-based Electro Rent said Tuesday that the two are in a definitive agreement, where Platinum Equity will pay approximately $323.4M for Electro Rent. Platinum Equity said ti will pay $13.12 per share in cash for Electro Rent, which it says is a premium of 24.4 percent over the company's closing price on May 27th.

Van Nuys 116
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Meal-Kit Startup Chef’d Raises $12.3 Million

L.A. Business Journal

Online meal-kit seller Chef’d raised $12.3 million in Series A round financing.

Startup 150
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360fly Raises $40M, Launches 360 Live Stream 4K Camera

Tech.Co

This year is a big one for virtual reality and those who are creating content for it. This month, 360fly announced two major milestones for the hardware vendor: the successful close of a $40 million Series C round and the launch of their newest 4K live streaming 360 camera. WIth so much focus on nextgen headsets like Oculus and Vive, the lack of content is one of the largest pain points for the industry.

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A Letter to My Son on Becoming Independent

Both Sides of the Table

L’dor Vador Jacob. May 21st 2016. It is the day that you mark an important occasion, your Bar Mitzvah. And I want to stop on that thought — “mark an occasion.” My first-cousin Sam, who came from Dallas said it best. “I made sure to be here even though it’s easier to just skip travel because there are so few occasions in life where the whole family gets together and I wanted to be a part of that.

Course 231
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Comparably will tell you whether you’re not making enough at your current job

Jason Nazar

Today, Comparably has launched to help both businesses and employees recognize fair market value for both technical and non-technical roles in the industry. Read at The Next Web.

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The Young Turks Returns To TV With New Show On Fusion

socalTECH

Los Angeles-based online content network The Young Turks said today that it is returning to linear television for the first time since 2013, with a new show on Fusion. The new show features hosts Ana Kasparian and John Iadarola, who will travel to college campuses to cover the Presidential election. Details on the deal between FUSION and The Young Turks were not announced.

Content 138
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Infinite RF Holdings Acquired By Genstar Capital

SoCal Tech Calendar

Irvine-based Infinite RF Holdings , the parent company of Pasternack Enterprises and Fairview Microwave, has been acquired by private equity investor Genstar Capital. Financial terms of the acquisition were not disclosed. Infinite RF Holdings is a supplier of radio frequency (RF) technology components, serving the aerospace/defense, industrial, government, consumer electronics, instrumentation, education/medical, and telecommunications markets.

Capital 116
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Silicon Beach Launch List: May 27

L.A. Business Journal

A weekly roundup of L.A. tech company and product launches.

Product 150
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TECHSPO LA 2016 Technology Expo [ SANTA MONICA ]

Tech.Co

WHERE BUSINESS, TECH AND INNOVATION COLLIDE IN LA. Are you an early adopter of tech products? Looking for a job at a startup? Covering the Los Angeles tech scene for a publication? Looking to invest in the next Facebook? Or just a plain old tech enthusiast? Then YOU and thousands like you attend TECHSPO LA! The Best Part? It’s FREE! TECHSPO LA is a four day technology expo taking place June 13 – 16, 2016 at the luxurious Loews Santa Monica Beach Hotel, Santa Monica, California in the heart

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Getting Your Series A Mojo Back

Both Sides of the Table

You Need to Find Your Mojo A Chip On Your Shoulder A few years ago I wrote a blog post on entrepreneurs with a chip on their shoulders. I think it’s an important read. A chip on one’s shoulder as in, “F**k the system, it’s broken and I want to fix it” is exactly the energy I look for in entrepreneurs. My internal compass says that “country-club” entrepreneurs struggle to make as big of an impact because it’s really hard to totally change a system that you’re part of and have a vested interest in

Startup 198
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Two Years After Paying $680M, BioMarin Shelves Duchenne Drug

Xconomy

BioMarin Pharmaceutical took a $680 million gamble when it bought Prosensa in 2014 for its experimental Duchenne muscular dystrophy treatment. Drisapersen (Kydrisa) had already failed a Phase 3 trial, but BioMarin bet it could dig through the data and win FDA approval. It lost that bet, and now BioMarin (NASDAQ: BMRN ) is pulling the plug on the drug.

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SubPac Finds $6M For Sound Device Startup

socalTECH

Los Angeles-based SubPac , a new startup which is developing a wearable vest and seatback device which lets users feel their music, has raised $6M in a Series A financing. The funding came from Richie Hawtin, Dada Life, Azure Capital, M7 Tech Partners, and Andy Rubin of Playground Global. M7 Tech Partners is the ivnestment fund of the NBA's Carmelo Anthony, and Rubin is the co-creator of Google Android.

Startup 136
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Ixia Adds QualiTest

SoCal Tech Calendar

Calabasas-based networking testing products developer Ixia said earlier this week that it has added software testing and quality assurance company QualiTest as part of its partnership program. Ixia said QualiTest is now part of its Global Solution Provider Program, which helps deliver its network test products to enterprises and service providers around the world.

Calabasas 124
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Silicon Beach Deal Flow: May 27

L.A. Business Journal

A weekly roundup of must-read L.A. tech investments and acquisitions.

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2016 Silicon Beach Startup Fair [ SANTA MONICA ]

Tech.Co

STARTUPS! Do you struggle connecting with your users or gathering mission critical data that will determine your products success? Or, if your startup is already dominating the market, do you want to thank your customers in a special way? The 2016 Silicon Beach Startup Fair will give you that opportunity. Get face to face with your everyday users.

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Why Solving Big Food & Healthcare Problems Will Yield Spectacular Companies

Both Sides of the Table

I’ve spoken before about our desire at Upfront Ventures to fund really big ideas that solve hard problems, are science led and if successful will both have a positive effect on people’s lives as well as make great financial returns. We’re not Pollyannaish about this. We believe that it is incrementally harder to differentiate on simple Internet products or mobile apps and while great companies are built doing this, our goal as a fund is to try and fund things that can be 100x returns if they wor

Company 207