January, 2017

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Snap Decisions

L.A. Business Journal

Snap could be courting more lawsuits as the tech giant moves forward on going public.

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Time, talent and treasure – Spending each wisely

Berkonomics

In the non–profit world, the term, “time, talent and treasure” has been used so often it is almost at the edge of being trite. It’s used in that arena to describe a volunteer’s sacrifice in support of the non–profit enterprise. I have been surprised to discover that it seems undiscovered in the business world. So, let’s bend the meaning to help us focus on resources while preserving those words.

Resource 226
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Los Angeles tech companies take a victory lap with planned tech job fair

TechCrunch LA

2016 was a good year to be a tech startup in LA, and, with the $25 billion planned public offering for the city’s startup darling, Snap Inc., coming up, the future’s so bright entrepreneurs might want to wear… Spectacles. Last year saw the city reap windfall exits from the acquisition of companies like Dollar Shave Club, and has a number of promising e-commerce companies… Read More.

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Core Innovation Capital Announces $100M In Second Venture Capital Fund

socalTECH

Los Angeles-based fintech investor Core Innovation Capital announced this morning that it has closed its second fund, which is at $100M so far. As part of the funding, the company said it has just made an investment in Fundera, a New York company which provides a service to help small business owners shop and compare personalized credit recommendations.

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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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Which School Generated The Most Startup/Tech Forbes 30 Under 30 Phenoms?

InfoChachkie

I was pleased and proud when I learned that two of my former UC Santa Barbara students, Sieva Kozinsky, Founder of StudySoup and Eric Posen, […]. The post Which School Generated The Most Startup/Tech Forbes 30 Under 30 Phenoms? appeared first on John Greathouse.

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30 Under 30: Los Angeles

SoCal Tech Calendar

Tuesday, January 31, 2017 -- 30 Under 30: Los Angeles. Another year of Forbes 30 Under 30, and another group of awesome LA founders getting global attention. We're celebrating and highlighting some of the recent selections with an evening event at Cross Campus Santa Monica. We'll host a panel of recent 30 Under 30 winners who will share what it takes to rise above the noise, and offer tips for chasing this particular honor.

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You name the price; I’ll name the terms.

Berkonomics

I admit that my dad taught me this when I was just a fifteen–year old kid starting a business and negotiating with suppliers for the first time. But I learned it again and again in my various business lives. The most striking example was the one hundred–million–dollar purchase of one of my companies by a New York private equity investor using only five million of its cash.

Pricing 191
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7 Rules for Providing Exceptional Customer Service

Startup Professionals Musings

Customer service has traditionally been a support function to respond to customer initiated requests, meaning someone waits for the phone to ring or for a website support request form. Today’s customers definition of service is the sum total of their “experience,” covering all aspects of their relationship, including the shopping and buying process, as well as ongoing assistance.

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Esri Takes On Connected Car Market

socalTECH

Redlands-based GIS and mapping software developer Esri is dipping its toes into the connected car market, saying that it is showing off use in the connected car market at CES. Esri said on Tuesday that its mapping and spatial anlytics technology will be shown off at an automated driving demonstration in conjunction with Microsoft, NXP Semiconductors, IAV, Cubic Telecom, and Swiss Re.

Marketing 167
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Stay Stoked: Business Travel Doesn’t Have To Suck

InfoChachkie

A version of this article previously appeared in Forbes. I made many mistakes when I was building my startups. Though the outcomes were financially lucrative, […]. The post Stay Stoked: Business Travel Doesn’t Have To Suck appeared first on John Greathouse.

Startup 113
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TechFair LA

SoCal Tech Calendar

Thursday, January 26, 2017 -- LA Tech Job Fair. Please join the Office of Los Angeles Mayor Eric Garcetti and the City's Entrepreneur in Residence Jason Nazar, for one of the City's largest Technology Job Fairs taking place on Thursday, January 26th from 11-8pm at The Reef in Downtown Los Angeles. The fair will feature 200+ of LA's premier technology companies looking to hire great candidates in engineering, marketing, sales, and more.

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Firm Tries to Keep 3-D Printer Users in Shapes

L.A. Business Journal

3Diligent has formed a business around lining up 3-D printing companies with clients.

Company 164
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Press release partnerships: Worth the effort?

Berkonomics

Many of us make it a priority to find and partner with companies that can add to our offering or extend our reach. And we rightly celebrate each such pairing, often with a mutual press release. And sometimes that’s all we end up doing. Call it a “press release partnership.” Or an opportunity missed. Or a relationship not nurtured. Finding a supplier, distributor or other partner is the easiest part.

Press 191
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PvP Biologics Raises $35M in a Lab-to-Pharma Deal with Takeda

Xconomy

[ Corrected 1/5/17, 8:07 am to show company was spun out of UW two months ago. ] A San Diego-based startup spun out from the University of Washington just two months ago is today announcing a $35 million deal with Takeda, Japan’s biggest pharmaceutical. PvP Biologics was founded to advance KumaMax, a synthetic enzyme (depicted in the above image) that shows promise as an oral drug for treating celiac disease.

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MobileCause Raises $15M For Nonprofit Software

socalTECH

Los Angeles-based nonprofit fundraising and crowdfunding software platform developer MobileCause has raised $15M in a Series B funding, according to the company. The funding came from growth equity firm Level Equity. As part of the funding, Levil Equity's Sarah Sommer has joined the company's board. MobileCause said the new funding will go towards "aggressive" product innovation and expansion in the US and internationally.

Software 149
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6 Key Leadership Habits Required For Entrepreneurs

Startup Professionals Musings

Starting and building a company is all about leadership – formulating an idea, building a unique plan based on vision and experience, and forging a path over and through all obstacles. Yet the image of leadership in business is at an all-time low, according to national leadership experts, considering the political debacles, record business bankruptcies, and executive fraud cases.

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Digital Marketing Bootcamp

SoCal Tech Calendar

Thursday, January 26, 2017 -- Digital Marketing Bootcamp. SIIA and TCOSC is kicking off its Boot Camp Series in Irvine, CA. The one-day boot camp, will discuss the absolute essentials of digital marketing and effective strategies for growth. Sessions will focus on data, technology, social media, email and content marketing. Join us January 26 Irvine, CA.

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Imax to Launch VR Arcade in Los Angeles

L.A. Business Journal

Imax Corp. will open a virtual reality arcade at the Grove shopping center at the end of this week. The facility is the first of six planned virtual reality arcades worldwide, including spaces in Great Britain, Japan, and China.

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Can you pierce layers in supplier–customer partnerships?

Berkonomics

I recently experienced an amazing effort of outreach by a vice president of a large national customer asking for a meeting with the product development team of a critical supplier, one of “my” companies. The goal, the VP stated, was to “see if these guys are battle hardened veterans that have dealt with the real-world product and delivery problems” of a nationally important customer.

Customer 191
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Families Fret As Insurers Mull Biogen’s $750K Spine Disease Drug

Xconomy

This past Christmas weekend, Ana Memedovich had her best two days in more than a decade. Her 23-year-old son Mikhail has spinal muscular atrophy, or SMA, a rare genetic disease that has slowly robbed him of the ability to walk and function independently. On Dec. 23, the FDA approved nusinersen (Spinraza), the first-ever drug for the disease. More than a decade after his diagnosis, Mikhail only has the strength to take a few steps on his own.

Pricing 78
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Tribute To Caltech's Larry Gilbert, Founder of Tech Transfer Office

socalTECH

Larry Gilbert , the founder of the technology transfer program at Caltech , passed away in November in Florida, Caltech said this week, with a tribute to Gilbert's efforts at the school. Gilbert was the "founding father of technology transfer" at Caltech, according to the school, forming the Office of Technology Transfer in 1995. The office helps license technology and patents from the school to startups and other companies, as well as helps take ideas created by professors and researchers to ma

CalTech 148
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8 Disciplines for Transforming Ideas Into Businesses

Startup Professionals Musings

Entrepreneurs are people who dream up new ideas, and then commercialize them into new businesses. Most people believe that the hard part is coming up with the idea, and the easy part is turning it into a business. Yet, in my experience as a mentor to entrepreneurs, the majority of failures I see are related to starting and growing the business, not developing the solution.

Ideas 72
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SAM Preccelerator Program Presents:

SoCal Tech Calendar

Thursday, January 26, 2017 -- SAM Preccelerator Program Presents. This session will focus on techniques and ways to network in the VC and Angel Community. We will interact and share best practices on business development and promoting your start-up. See https://www.eventbrite.com/myevent?eid=30678911450.

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Beverly Hills Ready To Ride Robot Cars

L.A. Business Journal

Beverly Hills hopes to get on board with federal testing of autonomous vehicles

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Firm’s Data Storage Plan Out of This World

L.A. Business Journal

Cloud Constellation is high on the cybersecurity prospects of storing data on satellites.

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TV, Film Studio Scores Stake in E-Sports Squad

L.A. Business Journal

Another big L.A. player is diving into the digital world of e-sports, hoping to grab a piece of a market that is expected to grow to $1 billion as early as next year.

Marketing 145
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Ixia Acquired By Keysight For $1.6 Billion

socalTECH

Calabasas-based network testing software and hardware developer Ixia has been acquired by Keysight Technologies , in a deal worth $1.6 billion in cash, the two announced this morning. Keysight and Ixia said that Keysight will pay $19.65 per share in cash for Ixia, a premium of approximately 45 percent to Ixia's stock price on December 1st, when Ixia said it was considering "strategic alternatives".

Calabasas 140
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Axonics Gets Marketing Approval In Canada

socalTECH

Irvine-based medical device manufacturer Axonic Modulation Technologies announced this morning that it has received marketing approval in Canada, from Health Canada. The company's medical devices are used to treat overactive bladder and incontinence issues. The company said the marketing approval means its products meets all of the Canadian Medical Devices Regulations, Section 36, allowing it to market its systems throughout the country.

Marketing 140
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Chinese Drone Manufacturer Wingsland Sets Up Shop In LA

socalTECH

Wingsland Technology , a Chinese manufactuer of drones for the consumer market, announced on Wednesday that it has opened up its first international office, in Los Angeles. According to the company, the new office will help it service the growing U.S. market. Wingsland said it has opened up an office in the City of Industry, which will include a warehouse, local inventory, and a product, customer service team, and dedicated marketing and sales team.

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Vertical Management Systems Acquired By NewSpring Holdings

socalTECH

Pasadena-based Vertical Management Systems , a developer of financial technology and software for managing fiduciary risk, fee transparency, and revenue reconciliation, has been acquired by NewSpring Holdings. Financial terms of the acquisition were not disclosed. Vertical Management Systems (VMS) provides its software to large financial institutions.

Pasadena 140
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How Amavitae Wants To Help Youth Find A Career They'll Love

socalTECH

For today's youth, it's often hard to figure out what they want to do in life--according to Deborah Ramo , Founder and CEO of Los Angeles-based Amavitae (www.amavitae.com). To help fix that, the startup has created a mobile app to guide people through their strengths, interests, key skills, and more to guide them along the way to a career they'll love.

Help 138
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Virtualitics Raises $3M For AR/VR/AI Startup

socalTECH

Pasadena-based Virtualitics , a new startup which provides data visualization in virtual reality (VR) and augmented reality (AR) environments, and says it uses machine learning and artificial intelligence, has raised $3M in a seed funding round. The funding came from un-named angel investors. Virtualics said its software is used to provide insights into "big and complex" data.

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Silicon Beach Report Dec. 4: Faraday Future Unveils Its Production Car

L.A. Business Journal

Faraday Future Unveils Its Production Car

Product 138
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Proterra Raises $140M To Ramp Production, Hiring In Los Angeles County

socalTECH

Electric bus maker Proterra announced this morning that it has raised $140M in an equity funding round, a chunk of which will go towards ramping up initial production in the City of Industry, and hiring "key personnel" in Los Angeles and elsewhere for its electric bus manufacturing. According to Proterra, which is based in the Bay Area, the Series 5 round of funding was led by a $40 million investment from an undisclosed investor, an additional $60 million from several new investors, and also in

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Bouqs Co. Raises $24 Million

L.A. Business Journal

Online flower shop Bouqs Co. has raised a $24 million Series C round of capital led by Partech Ventures.

Capital 133
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Interview with Kos Galatsis, Carbonics

socalTECH

In the startup world, one of the most difficult journeys to market is by companies who are taking basic scientific advances and technologies originally developed at universities, and taking them all the way to use in the commercial world. One of the companies on that journey is Los Angeles-based Carbonics (www.carbonics.com), which is taking technology developed in the labs of USC and UCLA, and bringing it to use in the wireless semiconductor market.

Startup 131