Sat.Jan 20, 2018 - Fri.Jan 26, 2018

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Accounting: What kind of bean counter do you need?

Berkonomics

Close. Accountants are trained, certified and usually quite experienced in financial analysis, both creating and reviewing data. Bookkeepers are often trained on the job although sometimes more formally and handle the physical work of accounting for the transactions. To expect a bookkeeper to provide analytical planning is to ask for something they often cannot provide, except in a cursory way.

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Alliance for Southern California Innovation Names Andy Wilson As Director

socalTECH

The Alliance for Southern California Innovation , the nonprofit founed by Steve Poizner to help bolster Southern California's entrepreneurial ecosystem, said on Tuesday that it has named Andy Wilson as its first Executive Director. Wilson is a longtime Southern California technology veteran, having served as an executive at such companies as Overture Services, Yahoo!

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Trending Sources

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Parenting An Entrepreneur – This Folktale Will Teach Your Children To Create Something From Nothing

InfoChachkie

A version of this article previously appeared Forbes. Marcia Brown’s 1947 retelling of the classic French folktale Stone Soup is a de facto playbook for how to start a venture. In Ms. Brown’s version of this oft-told tale, three soldiers enter a small town during a time of war. Initially, all of the villagers flee to their modest homes and shun the soldiers’ request for food and lodging.

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Silicon Beach Report Jan. 22: PacketFabric Raises $25 Million from NantCaptial

L.A. Business Journal

PacketFabric raises $25 million from NantCaptial, SpaceX Falcon Heavy testing delayed by government shutdown and organic perfumer Skylar Body raises $3 million.

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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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TCVN Workshop: Dysfunctional Teams and Founder Disputes

SoCal Tech Calendar

Thursday, January 25, 2018 -- TCVN Workshop: Dysfunctional Teams and Founder Disputes. Fact: 62% of startup failures stem from founder or team conflicts. Learn what you can do to not fall into the same trap from an extraordinary panel of successful serial entrepreneurs. Working on a team can be tough, and sometimes, can be the reason a company fails.

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PacketFabric Picks Up $25M For Terabit Scale Network

socalTECH

Culver City-based PacketFabric , a startup working on connecting major, carrier-neutral colocation facilities with terabit-scale network technology, has raised $25M in a Series B funding, according to the company. The funding came from NantCapital, the venture investment arm of billionaire Dr. Patrick Soon-Shiong and his NantWorks effort. According to PacketFabric, it now has a presence at more than 150 Points of Presence (PoPs) in 17 metro markets.

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Silicon Beach Report: Meg Whitman Tapped as Chief Executive of Katzenberg’s WndrCo

L.A. Business Journal

Meg Whitman tapped as chief executive of Katzenberg’s WndrCo; Snap’s VP of product to leave company; and SpaceX conducts Falcon Heavy static fire test.

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ACG 101 Annual Women for Corporate Growth fundraising luncheon

SoCal Tech Calendar

Wednesday, January 24, 2018 -- ACG 101 Annual Women for Corporate Growth fundraising luncheon. Reserve your place today for our 7th Annual Women for Corporate Growth fundraising luncheon taking place on Wednesday, January 24, 2018. Therese Tucker of BlackLine will be interviewed by Jane Wells of NBC and proceeds will benefit A Place Called Home. Thanks to our amazing sponsors, we are proud to be providing college scholarships to multiple students from A Place Called Home.

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SpaceX Test Fires Falcon Heavy

socalTECH

Hawthorne-based SpaceX test fired the Falcon Heavy in Florida on Wednesday, in another step forward towards an actual flight of its new design. SpaceX posted a video of the static fire test, which lasted 22 seconds. The yet-to-launch Falcon Heavy uses 27 Merlin engines, and if successful will be the largest rocket since the Jupiter V was used in the U.S. moon missions in the 1960's.

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10 Outsourcing Myths Jeopardize Too Many New Ventures

Startup Professionals Musings

These days, it is almost impossible to find a small business where everything is done at the home location, by full-time employees. We are in the age of outsourcing, by any of many popular names, including subcontracting, freelancing, and virtual assistants. These approaches allow your startup to grow more rapidly, save costs, but costly mistakes can lead to business failure.

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Silicon Beach Report Jan. 26: Otter Media Buys Remainder of Its Digital Businesses Fullscreen, Ellation

L.A. Business Journal

Otter Media buys remainder of its digital businesses Fullscreen and Ellation; no one is going to win the Google Lunar X prize competition; and China’s JD.com aims for logistics facility in Los Angeles.

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Investing in Startups and Crypto (Bitcoin)!

SoCal Tech Calendar

Wednesday, January 24, 2018 -- Investing in Startups and Crypto (Bitcoin)! 805Startups. We will be speaking with experts on how to invest in startups, ICOs and crypto currencies. Come to learn the basics and get advanced insights from some of the brightest investors and entrepreneurs in the space.

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Jam City's Panda Pop Ties With Packers' Ty Montgomery

socalTECH

Los Angeles-based mobile game company Jam City said Monday that it has tied with Green Bay Packers' Ty Montgomery, to support a charity supporting foster care families via its game, Panda Pop. According to the company, Jam City is donating $15,000 to the Coalition for Children, Youth & Families as part of its partnership with Montgomery. Jam City said Montgomery--a running back for the Green Bay Packers--is helping to back a "Panda Pop Save the Babies Event" to raise money for the charity.

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Hey Alexa, What’s in a Name? Actually, Let’s Call You Amazon

Xconomy

With “Hey Google” and “Alexa” echoing from the expo halls of Las Vegas to millions of homes, the hype around voice-controlled computing is reaching a new peak in early 2018. Voice-controlled devices are permeating our world, and this new user interface is the future of computing—or so we are told by the companies purveying it. Countless pieces are written exploring all the wonderful things we can do with Google Assistant, Apple’s Siri, Microsoft’s Cortana, and Amazon’s Alexa—the latt

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Silicon Beach Report Jan 23: Esports One Raises $3 Million to Help Viewers Make Sense of E-sports Competitions

L.A. Business Journal

Esports One raises $3 million to help viewers make sense of e-sports competitions; Snapchat to let users share content on other social networks; and Boring Co. pitches Culver City Council on tunneling plan.

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10 Signs That The Age Of The Entrepreneur Is Here Now

Startup Professionals Musings

With the current strong economy, and sparked by the last recession, I’m seeing a real resurgence of entrepreneurial spirit, and more startup activity than ever before. I believe the days of the “job work” mentality are thankfully waning, with more people looking to get satisfaction by making the world a better place, rather than just tolerating brain-numbing work to fund enjoyment elsewhere.

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Rincon Ventures Backs Rainforest QA In $25M Round

socalTECH

Santa Barbara-based venture capital investment firm Rincon Ventures is part of a new funding round for quality assurance software developer Rainforest QA. Rainforest QA said this week that it has raised $25M in a Series B funding, which came from Silicon Valley Bank, Bessemer Venture Partners, Sutter Hill Capital, Rincon Ventures, and Initialized Capital.

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Disney, Family Offices Back Second Bio Startup from Tech Entrepreneur Haney

Xconomy

To launch his first biotech startup, Dragonfly Therapeutics, Bill Haney went to private family offices, including one linked to the Disney family, rather than venture firms. Now the tech investor, entrepreneur and filmmaker is at it again, leaning on some of the same investors to fund Skyhawk Therapeutics, a new company joining an emerging race to target RNA with drugs.

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Silicon Beach Report Jan. 25: Social Media Platform Greenfly Raises $8.5 Million

L.A. Business Journal

Social media platform Greenfly raises $8.5 million; Songtradr raises $4 million in Series A funding round; and Apple launches patient health records app in Los Angeles.

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5 New Venture Deliverables Put You Ahead Of The Crowd

Startup Professionals Musings

As a mentor to startups and new entrepreneurs, I continue to hear the refrain that business plans are no longer required for a new startup, since investors never read them anyway. People cite sources like this recent Inc.com article “ 5 Reasons Why You Don't Need a Business Plan ,” or my own blog discussion on this subject, “ Situations Where A Business Plan Does Not Add Value.

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Bonti Raises $15.5M

socalTECH

Newport Beach-based Bonti , a biopharmaceuticals developer developing treatments for musculoskeletal pain, has raised $15.5M in a Series C funding round. The funding was led by City Hill Ventures. Bonti is developing a compound based on the botulinum neurotoxin, EB-001, aimed at use in acute pain relief. The company says it has now raised $36M in total funding.

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Global Forum

SoCal Tech Calendar

Tuesday, January 30, 2018 --.

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Apple Launches Patient Health Records App in Los Angeles

L.A. Business Journal

Apple Inc. has reached out to Cedars-Sinai and Dignity Health to debut a system to allow patients to securely access medical records on their iPhones.

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Should Startups Extend the Window to Exercise Options?

Xconomy

Pinterest did it. Square did it. And Coinbase did it, too. These unicorns have all given departing employees more than the standard 90 days to exercise their stock options. They’ve extended the window to exercise options for employees who have at least a minimum period of service. The tech recruiting site Triplebyte urged an even more generous arrangement.

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Greenfly Lands $8.5M In Funding For Social Brand Marketing

socalTECH

Santa Monica-based Freenfly , a startup that helps brands tap into a network of content creators and brand advocates on social media, has raised $8.5M in a Series B funding, the company said today. According to Greenfly, the funding round was led by Alpha Edison, and also included Iconica Partners, Elysian Park, and Corazon Capital. Greenfly has now raised a total of $14.7M in funding.

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Daymond John, Live Talks Los Angeles

SoCal Tech Calendar

Monday, January 29, 2018 --.

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Social Media Platform Greenfly Raises $8.5 Million

L.A. Business Journal

Greenfly, a developer of a social media engagement program, raised an $8.5 million Series B round led by Alpha Edison.

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With Medical Records Tools, Apple Wades Deeper Into Digital Health

Xconomy

Apple said Wednesday it plans to introduce new features that will allow iPhone users to access parts of their medical records through the company’s Health app. The move could impact the interoperability of health records software and spark more competition in the health IT industry. Cupertino, CA-based Apple (NASDAQ: AAPL ) said it has updated the Health app’s Health Records section to make it simple for patients to download data from hospitals and clinics where they’ve received care.

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Tetra Tech Acquires BridgeNet

socalTECH

Pasadena-based Tetra Tech , which provides global consulting and engineering services, said late Thursday that it has acquired Newport Beach-based BridgeNet , a developer of aviation technology. Financial details of the buy were not disclosed. BridgeNet is a developer of software, Volans, used for aerospace data analytics, environmental and acoustic modeling, and 3-dimensional airspace visualization for federal and commercial aviation customers.

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Global Forum

SoCal Tech Calendar

Monday, January 29, 2018 --.

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6 Strategies To Build Traction and Validate Your Plan

Startup Professionals Musings

As an advisor to many new venture founders, I often hear their frustration at being told by investors “I love your idea, but come back when you have more traction.” As a member of an angel investment group, I have to admit this is probably the most common rejection we issue. The intent is to indicate that founder passion is not a substitute for real customers buying the product.

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Genomatica, Pioneer in Bio-Chemicals, Working Now on Sustainable Biz

Xconomy

Genomatica, a San Diego industrial biotech, has spent the past 12 years or more working to take the petroleum part out of the petrochemical industry. In 2008, for example, Genomatica showed it had bio-engineered E. coli bacteria to digest sugar, oxygen, and other nutrients in a fermentation tank—and produce 1,4-butanediol (BDO), an intermediate chemical used to make skateboard wheels, dashboards, and other resilient plastic materials.

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Fifth Wall Backs Opendoor In $135M Investment Round

socalTECH

Venice, California-based venture capital investor Fifth Wall says it has made a $135M investment in San Francisco-based real estate sales startup Opendoor , as part of a combined equity and debt funding. According to Fifth Wall, it provided $100M in debt financing, along with its anchor LP, Lennar Corporation, in addition to investing $35M in equity from its Fifth Wall Fund.

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Global Forum

SoCal Tech Calendar

Sunday, January 28, 2018 --.

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Programs in NYC and LA prepare autistic students to excel in tech careers

StartUp Beat

Some 50,000 people with autism enter adulthood each year in the United States. They have a developmental brain disorder that affects social and communication skills, and they often struggle to understand other people’s thoughts and motivations. They also, says Coding Autism ’s CEO Oliver Thornton , tend to operate well in structured environments, possess a meticulous eye for detail, have a love and adeptness for repetitive tasks, and can sustain concentration for long periods.

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Why Spark and Watchdog ICER Don’t See Eye-to-Eye on $850K Gene Therapy

Xconomy

The first gene therapy approved in the U.S. costs $850,000. Announcing the price on Jan. 3, its owner Spark Therapeutics held out the possibility of some relief, such as installment payments, or slim rebates if the drug, a one-time shot into each eye to reduce or reverse inherited vision loss, doesn’t work or wears off. According to an independent report that came one week later, however, Spark’s concessions were marginal compared to a much bigger problem: The price is too high and s

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