L.A. Business Journal
AUGUST 9, 2018
TaskUs worth $500 million following latest funding round; Stamps.com stocks fall after Post Office comment; Heineken passes on Snapchat in favor of other social media outlets.
socalTECH
AUGUST 10, 2018
Los Angeles-based j2 Global said on Thursday that it continues to estimate revenues of between $1.20 billion and $1.25 billion for its fiscal 2018, as it continues to grow its stable of businesses. The company--which owns such brands as IGN, Mashable, Humble Bundle, Speedtest, PCMag, Offers.com, Everyday Health and What To Expect, plus eFax, eVoice, Campaigner, Vipre, KeepItSafe and Livedrive--reported a 5.4 percent increase in its revenues between Q2 of 2017 and Q2 of 2018 in its quarterly resu
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L.A. Business Journal
AUGUST 10, 2018
Tinder eyes $800-million mark this year; SpaceX investors hold steady despite Tesla drama; luxury boat online rental service OnBoat now on board in L.A.
TechCrunch LA
AUGUST 9, 2018
After three months of discussions, Uber Elevate has selected The University of Texas at Austin as its partner alongside the U.S. Army Research Laboratory to develop new rotor technology for vehicles that the company will use in its uberAIR flying taxi network. The news is the latest step in Uber’s plans to get demonstration flights off the ground in the megalopolises of Dallas Ft.
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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 9, 2018
Here is a phenomenon I discovered over time when dealing with many small start-ups in their early revenue period. A very predictable series of rotating crises seemed to befall most every one of these young companies. These became so predictable that I could accurately label them as occurring about every $3 million in gross profit (or revenue for service companies).
socalTECH
AUGUST 10, 2018
The Securities and Exchange Commission is looking into a series of tweets made by technology mogul Elon Musk earlier this week, where he said he was looking into taking Tesla private. Musk--who is also head of Hawthorne-based SpaceX -- said earlier this week that he had "Funding secure" to take Tesla private at $420 per share. READ MORE>>.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
SoCal Tech Calendar
AUGUST 10, 2018
Thursday, August 16, 2018 -- Global LAVA: "Exit Options in Today's Environment" Whether you are just starting a business or exploring exit options, this Global LAVA event is designed to educate entrepreneurs, investors, and service providers about the current market dynamics and opportunities to position a company for a successful exit. Come learn about the corporate MandA process, discover what financial sponsors are looking for, and understand whether an IPO is still an option.
Startup Professionals Musings
AUGUST 4, 2018
If you are one of the new age of entrepreneurs who hates the thought of doing a business plan as a first step in starting your new venture you will love this message. More and more professionals agree that a better strategy is to explore and fine tune your assumptions before declaring a specific plan with financial projections based only on your dream and passion.
socalTECH
AUGUST 9, 2018
Technology billionaire Henry T. Nicholas III , co-founder of Broadcom, has reportedly been arrested on drug trafficking charges in Las Vegas, according to law enforcement officials in Las Vegas. According to police, Nicholas was arrested on Tuesday on the Las Vegas Strip, on suspicion of smuggling heroin, cocaine, meth, and ectasy. According to reports , Nicholas was arrested with a woman in a Vegas hotel after a report by hotel security.
L.A. Business Journal
AUGUST 7, 2018
Katzenberg’s short-form video project raises $1 billion; SpaceX hosting mars landing conference; Nexus Technologies acquires Cal Net
Xconomy
AUGUST 10, 2018
Alnylam Pharmaceuticals made history this afternoon. The FDA has just approved Alnylam’s patisiran (Onpattro) , making it the first medicine specifically cleared to treat a rare and deadly disease called hereditary transthyretin amyloidosis (hATTR). The decision is a scientific milestone too: it marks the first-ever approval for a medicine that uses RNA interference (RNAi), a method cells can use to silence a gene before it makes a harmful protein.
socalTECH
AUGUST 9, 2018
Irvine-based property and insurance information provider CoreLogic announced this morning that it is launching a new resource, HazardIQ , to provide better information on the risks that natural catastrophes pose to properties across the country. CoreLogic explains that the new site comes as a result of increase in natural catastrophes such as the Northern California wildfires.
L.A. Business Journal
AUGUST 10, 2018
Santa Monica’s sports marketing firm GumGum Sports (a division of GumGum Inc.) announced Aug. 10 it signed a multi-year agreement to provide media valuation services for the Maui Jim Maui Invitational basketball tournament.
Xconomy
AUGUST 6, 2018
As wildfires continued to burn across the length of California this month, Gov. Jerry Brown urged residents to stay on the alert and warned that the cost of fighting the climate-driven blazes will continue to strain future state budgets. Residents of the three Northern California counties hardest hit by wildfires last year have already learned the importance of tracking the conflagrations that can raze entire neighborhoods—and they’ve sought help from technology.
socalTECH
AUGUST 9, 2018
Camarillo-based Semtech reported a design win with Taiwanese manufacturer HEX SAFETY today, with its LoRa wireless radio frequency technology. According to Semtech, HEX SAFETY, which is based in Taiwan, is incorporating its technology in a "smart fire evacuation system" used to help provide safer avigation in hazardous environments. Semtech explained that its technology is being used in HEX SAFETY's systems, which help people navigate complex hazardous zones in real-time by indicating the quicke
L.A. Business Journal
AUGUST 9, 2018
Playa Vista-based developer of mobile ordering point-of-sale software Appetize Technologies Inc. announced Aug. 9 it has raised more than $50 million in funding, including approximated $10 million from the National Football League.
SoCal Tech Calendar
AUGUST 5, 2018
Saturday, August 11, 2018 -- Pitch Genius Workshop. The purpose of this workshop is to educate idea-to-early stage startups about investors, fundraising, and how to make a successful pitch. We're going deep into the investors' mind to understand how they analyze startups for investment. Through a slide-by-slide explanation of the investor deck, you will learn what turns investors on, what turns them off, and what investors absolutely abhor when founders are pitching them.
Startup Professionals Musings
AUGUST 6, 2018
When the business is struggling, most business owners I know feel like anything but a leader. They start second-guessing their own vision, and are prone to making snap decisions suggested by someone else, in lieu of their carefully crafted processes and metrics. Entrepreneurs who can keep their cool under fire are the long-term winners I look for as an experienced angel investor.
socalTECH
AUGUST 6, 2018
Reali , a Silicon Valley real estate startup backed by Zeev Ventures, Signia Venture Partners, and others, has officially launched in the San Diego company. The company provides technology-enabled real estate services, driven by workflow automation software, artificial intelligene, and other tools focused on both home buying and selling. Reali announced a $20M, Series B funding in July which it said it would specifically use for the expansion to Southern California.
L.A. Business Journal
AUGUST 8, 2018
Holding company Chernin Group announced Aug. 8 that it sold Santa Monica entertainment conglomerate Otter Media Inc. to AT&T Inc.
Xconomy
AUGUST 10, 2018
Two imminent FDA rulings on two separate drugs aren’t just noteworthy for the patients they’ll help, but the long and winding road their developers have taken to get to this point. First is Alnylam Pharmaceuticals, which has spent 16 years and over $2 billion to try to bring an unproven form of medicine, RNA interference (RNAi), to market. A positive FDA decision, which could come by Saturday, would mark RNAi as a bona fide drug-making method, and Alnylam as its standard-bearer.
Startup Professionals Musings
AUGUST 5, 2018
Entrepreneurs looking for investor funding often fail to realize that all money comes with strings. For example, if you have watched the Shark Tank TV series, you probably noticed that the Sharks always ask the entrepreneurs for their intended “use of funds.” Those who respond with one of the wrong answers, such as “I want to pay myself a salary,” usually go home empty-handed.
socalTECH
AUGUST 6, 2018
Fountain Valley-based HyperX , the gaming accessories maker which is a division of Kingston Technology , announced a a new gaming headset for the PlayStation 4. According to HyperX, the new headset is its first, licensed PlayStation 4 headset, and is officially licensed by Sony Interactive Entertainment. The company said the new Hyper Cloud for the PS4 headsets are now at Best Buy and on Amazon.com, and have a $79.99 MSRSP.
L.A. Business Journal
AUGUST 8, 2018
$1.
Xconomy
AUGUST 9, 2018
Artificial intelligence is poised to infiltrate nearly all aspects of human life. Given this development, technologists are focusing on how to ensure the technology usage is governed by ethics. “The general rule is that power begets responsibility,” says Michael Stewart, founder and CEO of Lucid AI , an AI startup in Austin. “If you’re bringing in a more powerful technology, which all startups hope to accomplish, you have to manage and contain that power.
Startup Professionals Musings
AUGUST 9, 2018
It’s hard to be successful in any business when your customers can’t find you, or they find you and still can’t figure out whether your solution works for them. Thus I was surprised to see in a recent CNBC survey that 45 percent of small businesses still don’t have a website. These are missing a major opportunity to be found instantly via the Internet, locally and around the world.
socalTECH
AUGUST 10, 2018
Los Angeles-based Appetize , which develops modern, point-of-sale systems that use tablets and handheld devices to replace antiquated POS systems, has raised $23M in a Series B funding, the company said this week. The funding came from 32 equity, the NFL's investment arm. Appetize says it has now raised more than $50M in funding. Appetize has a significant footprint in the sports world, with deployment at 10 NFL stadiums, including use by the Philly Eagles at Lincoln Financial Field.
L.A. Business Journal
AUGUST 7, 2018
Chatsworth-based Cal Net Technology Group was acquired by ABRY Partners subsidiary Nexus Technologies Inc. (which does business as NexusTek) Aug. 6. Cal Net provides managed IT solutions and will now operate as a NexusTek entity.
Xconomy
AUGUST 9, 2018
Recently, I was in Chicago for Paradigm IQ’s D&I Lab: Data-Driven Strategies to Attract & Hire Diverse Talent , a one-day workshop designed to equip attendees with new strategies for designing an inclusive organization. In a room full of people with titles like chief people officer, director of diversity and inclusion, and director of leadership and organizational development, I stuck out a bit as a founder, entrepreneurial ecosystem fangirl, and former accountant rather than a human re
Startup Professionals Musings
AUGUST 8, 2018
Strategic decisions set the overall direction for your business, whereas operational decisions set day-to-day operations. Unfortunately, most of the entrepreneurs who contact me for guidance only seem to work on strategic issues when they are in a crisis, such as losing a major distributor or being swamped with customer complaints. It’s a bit late when strategy becomes operational.
socalTECH
AUGUST 10, 2018
Los Angeles-based OnBoat said on Thursday that it has launched its online marketplace to connect people with a fleet of private boats and captains in Los Angeles. The service, led by Marc Andelman, already offers its services in San Francisco, San Diego, Miami, and other locations, including a number of international destinations. The site lists private charters ranging from a two hour tour from Marina Del Rey for $289.99 to three hour parties on a luxury yacht for $3,599.99.
Both Sides of the Table
AUGUST 5, 2018
I just returned from a week’s vacation in the mountains where I had almost no Internet access but was aware that Ronan Farrow had published a damning sexual misconduct article about Les Moonves, the Chairman & CEO of publicly traded company CBS Corporation. Now home, I finally had the chance to fetch the New Yorker from my mailbox and read the article in its entirety and it’s clear to me that Les Moonves needs to go and no doubt will go in the near future.
Xconomy
AUGUST 6, 2018
As much as 40 percent of food in this country is never eaten, yet 41 million people don’t have enough to eat, including 13 million children, according to the Natural Resources Defense Council and the U.S. Department of Agriculture. Some of that food insecurity is due to food spoilage, rendering billions of dollars’ worth of fresh meat, produce, and dairy products inedible.
socalTECH
AUGUST 10, 2018
Los Angeles-based online real estate marketplace RealtyMogul reported this week that it has now raised over $50M via its two REITs, which have invested in properties valued at over $297M. According to RealtyMogul, its two REITs include MogulREIT I, which has $40M invested in 15 investments, and includes over 4,000 investors; and MogulREIT II, which has $10M invested in six different investments, from over 1,000 investors.
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