December, 2016

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The Coming Shift in Enterprise Software

Both Sides of the Table

Today it has been announced that I’m leading a $15 million funding round in Tact , a new generation of Enterprise Software company along with other investors including Microsoft Ventures and previous investors Accel and Redpoint Rather than just waxing lyrically about how great the company is I thought I’d provide some context about why I invested and also about a fundamental change I see in the coming years in the way enterprise software is used.

Software 197
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How to make your recurring revenues oil and not glue

Berkonomics

Some types of businesses generate more and more recurring revenues over time, often growing to a size where recurring revenues pay all of the overhead of the company – an enviable position. There is a phenomenon I have observed time after time with mature companies receiving over 75% of their revenues from recurring sources. Management undertakes a simple exercise of calculating the increased profitability of shutting down all R&D, sales and subordinate operations, and universally notes wit

.Net 226
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Snapchat will make Los Angeles a stronger tech hub

TechCrunch LA

If you were to write a history of Silicon Valley, you could do it by looking at a series of major diaspora. Companies like Google, Yahoo, Oracle and PayPal attract top talent for years; when they reach maturity or a major liquidity event, their talent disperses and germinates into the next generation of companies. It’s quite possible that Snapchat could do the same for L.A.

Snapchat 307
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Scaling Heights

L.A. Business Journal

SpaceX hopes to tip the scales in the launch market with its Falcon Heavy rocket.

Tips 198
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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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Reflections on 2016: Grant Hosford, codeSpark

socalTECH

This holiday season, we are again sharing the reflections on 2016 from Southern California's technology ecosystem. Today's contribution is from Grant Hosford , the CEO and co-founder of codeSpark (www.codespark.com), the company behind the game The Foos (www.thefoos.com), which teaches kids to learn how to code just by playing the game. You can see all of our holiday reflections here.

Education 172
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Good Things Happen When Two Transformative VC Trends Collide

InfoChachkie

A version of this article previously appeared in Forbes. There are two macro trends occuring within venture capital (VC) which are combining to have a […]. The post Good Things Happen When Two Transformative VC Trends Collide appeared first on John Greathouse.

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How to think like a growth CEO

Berkonomics

Growth CEO’s differ from those who merely station–keep their way into the status quo, protecting the enterprise by reducing risk and cost – without creating a vision and action plan for growth. Here is a way to test yourself with a tool useful for any leader seeking to create positive change. Authors Jeanne Liedtka and Tim Oglivie have created a framework for creation of a new product or service – one worth spending at least a cycle of time for review.

Design 210
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7 Startup Strategies For The Next Dot Com Billionaire

Startup Professionals Musings

Many aspiring entrepreneurs are looking to the Internet as an opportunity to get rich quick, instead of a place where you can start a business you love, for very little capital and minimal technical expertise. The reality is that if you build a business you love, you may in fact make big money, but if you start a business to get rich, you will probably fail.

Startup 107
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Launch in January Could Prove Big Lift to SpaceX’s Schedule

L.A. Business Journal

Space Exploration Technologies Corp., or SpaceX, is aiming to launch another rocket early next month, which would be its first attempt since a Sep. 1 explosion prompted the Hawthorne aerospace company to halt its launch schedule as it investigated the cause of the incident.

Hawthorne 193
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DTS Now Part Of Tessera

socalTECH

Calabasas-based surround sound and audio technology developer DTS is now officially part of Tessera , after Tessera completed its acquisition of DTS on Thursday, the companies said on Thursday afternoon. Tessera paid $850M in cash for DTS, in a deal which had originally been announced in May. Tessera said that it will introduce a new corporate name, stock ticker, brand, and logo during the first quarter of 2017 as a result of the acquisition.

Calabasas 162
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Startup Cafe

SoCal Tech Calendar

Tuesday, December 20, 2016 -- Startup Cafe #2. Hosted by Startups In The Sky @ Industrious Los Angeles. See https://startupcafe2.splashthat.com/.

Startup 100
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Biogen Sets $750,000 Initial Price For First-Ever Spinal Atrophy Drug

Xconomy

Patients with spinal muscular atrophy got some good news last week when the FDA approved nusinersen (Spinraza) , making it the first marketed drug ever for the rare and potentially deadly genetic disease. But as expected, the drug, from Biogen and Ionis Pharmaceuticals, is a costly one, priced at the high end of the six figure price tags often given to treatments for rare diseases with no alternative treatments.

Pricing 63
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Five ways we are surviving long term

Berkonomics

Dave’s note: This week we invite long-time CEO of Quicksilver Software to respond to our question: “How have you remained relevant in the gaming software business over so many years?” He and his company have worked in the video game business since the very earliest generation of games in the early 1980’s. His company is one of the oldest independent studios in the business.

Offshore 210
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11 Attributes Of Great Entrepreneurs I Have Known

Startup Professionals Musings

At some point in their life, hopefully everyone strives to be the best in their chosen profession. Most people think that being the best requires more intelligence, more training, and more experience. In reality, in business or even in sports, the evidence is conclusive that it is as much about how you think, as what you do. I saw this illustrated a while back in the classic sports book, “ Training Camp: What the Best Do Better Than Everyone Else ”, by Jon Gordon.

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Elon Musk to Advise President-Elect Donald Trump

L.A. Business Journal

Elon Musk has entered President-Elect Donald Trump’s orbit. The billionaire founder of rocket manufacturer Space Exploration Technologies Corp. and electric car manufacturer Tesla Motors Inc. has accepted an advisory role in Trump’s Strategic and Policy Forum, a non-partisan policy council.

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Reflections on 2016: Jaspar Weir, TaskUs

socalTECH

This holiday season, we are again sharing the reflections on 2016 from Southern California's technology ecosystem. Today's contribution is from Jaspar Weir , co-founder of TaskUs (www.taskus.com), which powers much of the back office and customer support behind some of the best known startups here in Southern California--not to mention the rest of the world, and for many established companies, too.

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Digital Family Reunion '16

SoCal Tech Calendar

Monday, December 19, 2016 -- Digital Family Reunion '16. For the past eight years, the Digital Family Reunion has been the holiday event of the season for LA's vibrant technology and business communities. With our aim to connect Web 1.0 leaders with the next generation of technology professionals, DFR has always cultivated a unifying place to reconnect with colleagues and make new friends with those who share our common bond.

Web 100
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50 Podcasts You Should Be Listening To—and 5 New Ways to Find Them

Xconomy

If you’re not much of a podcast listener and you have a sense that you’re missing out on a lot of great content, you’re absolutely right. But now is a good time to fix that, thanks to a new profusion of listening options. And to get you started, I have a few shows to suggest. Fifty of them, in fact. I’ve always been a big fan of podcasts—and I mean always, back to the days of the very first podcasts around 2004.

Content 87
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How to network like a ninja

Berkonomics

Dave’s comment: This week we welcome our perennial favorite contributor, Kim Shepherd, CEO of Decision Toolbox, to offer us her sage advice on a subject where she is expert. Outgoing, full of creative ideas, and certainly the best person to teach us how, here is Kim on networking… By Kim Shepherd . Networking with others you want to meet is second nature to some, but it fills others with dread.

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7 Ways To Think Outside the Box To Grow Your Business

Startup Professionals Musings

Too many entrepreneurs put their best creative thinking into the startup idea, and believe that the business implementation simply requires following tried and true business practices. In my experience as a startup advisor, nothing could be further from the truth. To win, you need to think outside the box to deliver a better customer experience, business model, and new positioning.

Ideas 103
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Domain Registry Company XYZ Gets Permission to Sell Domains in China

L.A. Business Journal

Domain registry company XYZ Inc. has been granted permission by the Chinese government to sell its dot-xyz domain suffix in China, potentially opening up a huge market to the Santa Monica startup. XYZ has sold more than 6 million dot-xyz domains globally. About 2 million of those domains were registered in China with tentative permission from the Chinese government.

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Reflections on 2016: Kevin Winston, Digital LA

socalTECH

This holiday season, we are again sharing the reflections on 2016 from Southern California's technology ecosystem. This morning, we have Kevin Winston of Digital LA (www.digitalla.net), the organization which is LA's largest digital networking group and which is behind the Silicon Beach Fest, the first and largest tech, startup and entertainment conference in LA.

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Startups: The Year That Was and The Year That's Ahead

SoCal Tech Calendar

Wednesday, December 14, 2016 -- Startups: The Year That Was and The Year That's Ahead. Cal Lutheran University Center for Entrepreneurship. Keynote Speaker: Ben Kuo, socaltech.com. We invite back Benjamin Kuo, editor and founder of socalTECH.com, for another year in review. He will talk about: What's going on in Southern California's entrepreneurial environment, and what were the noteworthy things that happened this year -- and what might be expect in the future?

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Connect Hands Out 8 Most Innovative New Product Awards

Xconomy

Connect, the San Diego nonprofit supporting local innovation and entrepreneurship, handed out its Most Innovative New Product Awards at a dinner last night in La Jolla—recognizing innovations that range from an inflatable satellite antenna to a mobile app for art museums. Volunteer entrepreneurs, investors, and business executives evaluated 111 nominations in eight categories for the 29th annual awards.

Product 81
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How to plan to make a successful acquisition

Berkonomics

One of my company CEO’s recently described his rule for acquisition success, and it resonated with me as a great goal for planning during acquisition exercises. This CEO states that he has made it work twice when acquiring companies, and that is enough for him to make it his rule for all future acquisitions. If the target company is able to show a ten percent EBITDA (earnings before interest, tax, depreciation and amortization), then the acquisition team should be able to create a way to

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6 Steps To Success In Your Entrepreneurial Goals

Startup Professionals Musings

Too many aspiring entrepreneurs I mentor can talk at length about their innovative ideas and passions, and ask lots of good questions, but never make much progress in building a real business. In my experience, building a business is much more about getting things done than having great ideas. The challenge is to move from ideas to specific goals, to delivered solutions.

Writing 100
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Las Vegas Consumer Electronics Trade Show Still Pplays Big Role for L.A. Businesses

L.A. Business Journal

While Microsoft Corp. and Apple Inc. might no longer be launching their products at Las Vegas’ Consumer Electronics Show, the event still has appeal for a number of L.A. companies – mainstays and upstarts alike.

Product 164
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TeleSign Names New Chief Product Officer

socalTECH

Los Angeles-based TeleSign announced this morning that it has it named Tom Powledge as the company's new Chief Product Officer. Powledge was previously Vice President and General Manager at Hewlett Packard Enterprise (HPE), where he managed the company's ArcSign business. Prior to HPE, Powledge was Vice President of Managed Security Services at Cisco Systems, and also spent 20 years at Symantec.

Symantec 155
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Rewind/Unwind: A Digital Video Soiree Hosted by LA Digital Video Group (2016-12-13)

SoCal Tech Calendar

Tuesday, December 13, 2016 -- Rewind/Unwind: A Digital Video Soiree Hosted by LA Digital Video Group. Rewind and unwind at our digital video industry mixer! Our VIP panelists will share their hot takes on the year that was in online video and digital media in general. Join us for lively opinions, refreshments, and games. Special guest panelists include: Roarke Boes, Director of Content Management, Omnia Media; Brian Nickerson, CEO and Co-Founder, MagicLinks; Joe Babarsky, Director of Creative In

Media 100
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San Diego Startup Raises $2.3M to Advance Enzymatic DNA Synthesis

Xconomy

Molecular Assemblies , a San Diego startup developing a new enzymatic method for synthesizing DNA, said today it has raised $2.3 million in a seed financing round. The funding will be used to hire more scientists and to advance the company’s development of enzymatic DNA synthesis technology, CEO Michael Kamdar said in an interview Friday. Molecular Assemblies says its enzymatic approach for making DNA was inspired by the way nature makes DNA.

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Talk Presents ENGAGE: The LA Digital Storytelling Conference [ LOS ANGELES ]

Tech.Co

“ENGAGE LA is an in-depth look at how the digital age is evolving and transforming storytelling. We are bringing all the successful elements from our dynamic Talk Forum NYC events to our third ENGAGE LA Forum. This experience will change how you view the world of content creation and consumption, with fresh perspectives that can be applied to a variety of areas, including social, mobile, retail, video, TV and film.

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4 Steps To Optimizing Team Strengths For Innovation

Startup Professionals Musings

Most entrepreneurs I know are individually very innovative, but a successful startup can’t be a one-man show (for long). That means they need to build an innovative team, which is not a skill that most people are born with. In fact, some very innovative individuals, known as ‘idea people’ or inventors, often end up creating the most dysfunctional teams.

Ideas 97
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Virtual Reality Developer Survios Raises $50 Million

L.A. Business Journal

Virtual reality video game producer Survios announced on Tuesday that it has raised $50 million in capital over two rounds this year from Metro-Goldwyn-Mayer, Lux Capital, and other investors.

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Procore Joins Ranks Of Southern California's Unicorns

socalTECH

Carpinteria-based cloud-based construction software developer Procore apparently has joined the ranks of the small number of Southern California's "unicorns"--those companies who are valued at more than $1 billion--with the funding the company announced on Thursday. According to the WSJ, the funding doubles the $500M valuation that the company had a year ago in its prior funding.

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Crowd Invest Summit

SoCal Tech Calendar

Thursday, December 8, 2016 -- Crowd Invest Summit. The first ever Crowd Invest Summit will debut December 7-8, 2016 at the Loews Santa Monica Beach Hotel in Santa Monica, California. The summit will feature a robust agenda spanning a variety of equity crowdfunding themes including investment analysis, marketing strategies, trends and insights from industry experts.

Invest 100
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Wake Up, Pharma—Trump Is Not Your Savior

Xconomy

Since the election, leaders in biotechnology and pharmaceuticals are acting like they got away with robbery. The Nasdaq Biotechnology Index went up 9 percent overnight on November 8th. With Donald Trump coming into office, the whole industry seems to have breathed a sigh of relief that the status quo—a continuous race toward higher prices—will last for at least a few more years.

Pricing 80