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In an attempt to boost diversity and inclusion efforts and civic engagement between the growing technology industry in Los Angeles and the community that surrounds it, over 80 venture capitalists and entrepreneurs joined the city’s mayor, Eric Garcetti, and the non-profit Annenberg Foundation to announce PledgeLA. The initiative is one way in which the Los Angeles technology community is attempting to ensure that it does not repeat the same mistakes made by Silicon Valley and San Francisco
Former Chicago Bulls star and owner of NBA team the Charlotte Hornets Michael Jordan invested in Axiomatic E-sports alongside Declaration Capital, the investing office of Washington, D.C.-based Carlyle Group co-founder David Rubenstein.
California Lutheran University (CLU) is receiving a big, $6M donation from former Hughes Electronics Vice Chairman Steve Dorfman, for a new building for the school's School of Management, the school announced this morning. According to the Thousand Oaks university, Dorfman's contribution will go towards the construction of the two-story, 27,000-square foot Steven D.
Woke up and there it was, my book cover. She just made it and sent it to me. I looked at it for a bit and started thinking about writing it. Then I did. I published the initial draft this past weekend and it’s now available for pre-order on Amazon. It’s interesting how the headline mentions “mindset” as that’s what happened here.
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.
How can Lime differentiate its scooters and bikes from the piles of Birds and Spins filling Los Angeles sidewalks? Apparently with a physical storefront where it can convince customers of the wonders of on-demand mobility. According to a job listing from Lime seeking a “Retail Store Manager,” the startup plans to open a “lifestyle brand store in Santa Monica” that “will place heavy importance on brand experience and customer engagement.” Lime will rent vehicle
San Diego-based Axos Financial , a consumer and business bank, said Wednesday afternoon that its subsidiary, Axos Securities , has agreed to acquire certain assets of WiseBanyan Holdings , a provider of digital wealth management software and services. Financial details of the all-cash transaction were not announced. WiseBanyon provides personal finance and investment management tools and its own technology platform, and was based in Las Vegas.
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San Diego-based Axos Financial , a consumer and business bank, said Wednesday afternoon that its subsidiary, Axos Securities , has agreed to acquire certain assets of WiseBanyan Holdings , a provider of digital wealth management software and services. Financial details of the all-cash transaction were not announced. WiseBanyon provides personal finance and investment management tools and its own technology platform, and was based in Las Vegas.
Be honest now. Have you ever thought of what legacy you’ll leave behind? If you are an entrepreneur or CEO, surely you’ve thought of how you’ll be remembered by your associates and stakeholders after you move on. Bad boss examples aren’t forgotten. We’ve all heard the stories of tough SOB bosses that took advantage of employees, vendors, even stock holders.
Ed Kaye stepped aside from Sarepta Therapeutics (NASDAQ: SRPT ) last year after leading the company through one of the most noteworthy and controversial drug approvals in recent memory, for the Duchenne muscular dystrophy drug eteplirsen (Exondys 51). But his hiatus from a publicly traded biotech could be short-lived. Kaye’s new startup, Bedford, MA-based Stoke Therapeutics, has just raised another $90 million in funding, meaning the company has bankrolled $130 million this year alone.
Santa Monica-based Saros raised $7.055 million for its West Hollywood-based private firm that specializes in artificial intelligence in the financial industry, according to a filing with federal securities regulators.
An effort to register new voters via Snapchat has resulted in 418,000 new voters, according to numbers given by Venice, California-based Snap to the New York Times. Snap is one of a number of companies -- including such local companies as Jam City and Mitu -- who have been pushing "get out the vote" voter registration efforts in their apps and services.
In my experience in large businesses as well as years of advising startups, I see far too much focus on product skills, and too little on people and process skills. In my view, this focus on the wrong skill set is the primary reason why over half of new businesses fail in the first five years, and only one out of a hundred startups get their requested funding from professional investors.
Los Angeles-based mobile game developer Jam City is getting into the Halloween spirit, saying this morning that it has been rolling out themeed content throughout the month of October ahead of the Halloween holiday. According to Jam City, the Halloween gaming content has been rolled out across a wide range of its titles, ranging from Cookie Jam and Panda Pop to Family Guy: Another Freakin Mobile Game, Cookie Jam Blast and Genies and Gems.
As a long-time advisor to aspiring entrepreneurs, and a technology fan myself, I still meet dozens of techies with great solutions who assume they don’t need marketing to change the world. They subscribe to the myth that “if we build it, they will come.” In fact, with today’s information overload, modern marketing is the key to raising even the most innovative solution above the crowd.
CrowdStrike , the cybersecurity software developer which has major operations in Irvine, has hired an IPO banker and is eyeing an IPO before the end of the year, according to a report from Reuters. According to the report, CrowdStrike has hired Goldman Sachs to run its IPO process. No other details of the IPO have yet been announced or released. CrowdStrike is led by veteran cybersecurity executive George Kurtz, and raised a big funding round in January.
Sunday, October 28, 2018 -- Innovate Pasadena's Connect Week 2018. Nnine full days of all things innovation! From AI to virtual reality demos to coding for both kids and adults, we have over 100 awesome events to choose from to help muster up your innovation savviness!
Early next year, twenty students will have the opportunity to study machine learning for 10 weeks with Google engineers, college professors, and coaches—free of charge. Google is picking up the tab for tuition, room, and board for all students accepted into its new machine learning intensives in the inaugural year of the program, which starts at Oakland’s Mills College in February for the first 20 students.
Hawthorne-based SpaceX is getting set to reach another milestone in its development of space exploration technology, which is to push the reuse of its rockets even further. According to a SpaceX official, the company is about to relaunch one of its boosters for the third time. Although SpaceX has re-used many of its rockets in prior launches--re-using the first stage of Falcon 9 rockets 30 times--it has only done so twice with each booster.
Sunday, October 28, 2018 -- SURVIVE AND THRIVE TODAY 2018. Keynotes by Mitch Lowe, CEO of MoviePass; Bill Reichert, Garage Technology Ventures; Vernice Armour, first African American Fighter Pilot, and others. See [link].
Lisa doesn’t interrupt. She doesn’t mind long pauses between responses. And she has a sense of humor. Oh – and, she’s virtual. San Diego startup Cuida Health, a recent graduate of the Connect Springboard accelerator program, this week launched its first product: a voice-activated “social wellness” app for seniors. For the past four months, about 40 people in their mid-60s to mid-80s have been testing the virtual assistant, named LiSA for “Learning Interface for Senior Adults.
San Diego-based antenna technology developer Airgain announced late Thursday evening that it has added TJ Chung to its board of directors. Chung is at private equity investment firm Core Industrial Partners, LLC, where he is Senior Partner, and also had been President of Teletrac Navaman, part of Danaher. Chung was also CEO of Navman Wireless, and served at Brunswick Corporation and Emerson Electric.
Saturday, October 27, 2018 -- Innovate Pasadena's Connect Week 2018. Nnine full days of all things innovation! From AI to virtual reality demos to coding for both kids and adults, we have over 100 awesome events to choose from to help muster up your innovation savviness!
[ Ben Fidler co-authored this report.] The European Society for Medical Oncology is wrapping up its annual conference today, replete with clinical data from cancer’s front lines. We’ve sorted the headlines into a few big categories: immunotherapy combinations, breast cancer, lung cancer, the growing class of drugs called PARP inhibitors, and new drugs that treat tumors based on genetic signature.
Pathmatics Inc., the Santa Monica-based digital advertising software developer, announced Oct. 25 a $3 million investment from British marketing agency Mintel Group Ltd.
Santa Monica-based SolarReserve , a developer of large scale solar thermal power plants and related technology, reported on Thursday that it has received $2.0M in an award from the U.S. Department of Energy (DOE), to go towards solar mirror tracking technology. According to SolarReserve, the funding goes towards next-generation heliostat technology, which is used to keep mirrors used in olar power generation aimed at the sun.
Saturday, October 27, 2018 -- SURVIVE AND THRIVE TODAY 2018. Keynotes by Mitch Lowe, CEO of MoviePass; Bill Reichert, Garage Technology Ventures; Vernice Armour, first African American Fighter Pilot, and others. See [link].
New technology markets and paradigm shifts have traditionally been bad bets when seeking investors, since these were known to take decades to develop, and cost lots of money. For example, consider how many years it took for the market to move from radio to television, or fully accept personal computers on every desktop. The leading edge was too often the bleeding edge.
Commercial real estate ratings platform WiredScore Inc. completed a $9 million Series A round October 22, led by Venice-based venture capital firm Fifth Wall Ventures.
The University of San Diego has received $1M from the incubator arm of Intellectual Ventures , the investment fund which was founded by recently deceased Microsoft co-founder Paul G. Allen. According to UCSD, the Institute for the Global Entrepreneur received $1M from the Invention Science Fund (ISF), the incubator arm of Intellectual Ventures, and San Diego's Legler Benbough Foundation, to accelerate new startup companies.
Friday, October 26, 2018 -- Innovate Pasadena's Connect Week 2018. Nnine full days of all things innovation! From AI to virtual reality demos to coding for both kids and adults, we have over 100 awesome events to choose from to help muster up your innovation savviness!
“ Artificial intelligence will transform the education system.” “ Immersive technology will reshape learning forever.” These are just some of the industry rumblings about how edtech will disrupt and ultimately “fix” what’s wrong with the education system in the United States. With back-to-school season in full swing, it’s imperative that we set the record straight.
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