Sat.Sep 29, 2018 - Fri.Oct 05, 2018

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Google Expands in Silicon Beach

L.A. Business Journal

Alphabet Inc.-subsidiary Google moved into the Spruce Goose hangar in Playa Vista Oct. 3, two years after it began leasing the space.

Google 212
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ZipRecruiter Raises $156M More For Job Matching Service

socalTECH

Los Angeles-based ZipRecruiter , the online jobs site led by Ian Siegel, has raised $156M in a Series B funding round, the company said on Thursday morning. The funding was led by Wellington Management Company, and also included IVP and other, un-named investors. A number of reports say the funding puts the company into "unicorn" territory, with a valuation of more than $1 billion.

Services 124
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Focal Therapeutics Acquired For $125M

socalTECH

Aliso Viejo-based Focal Therapeutics , a developer of implantable medical devices used by surgeons in lumpectomy procedures, which is backed by Orange County-based Okapi Ventures, along with Emergent Capital Partners, has been acquired by Hologic , in a deal worth $125M in cash. Hologic is based in Marlborough, Mass. According to Hologic, the deal will help strengthen its position in the market for break conserving surgery.

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Will your company’s sale be celebration or silence?

Berkonomics

First, there are at least three types of exits. I’ve been involved with well over twenty successful exits and four initial public offerings over the years, some of them with monstrous gains, some more modest. Then in addition, there are the exits that returned some portion of capital, but nothing more. And finally, there are the thirty-plus sad exits that were complete write-offs for the investors, sometimes regaining some portion of note-holder or creditor money in the process.

Sales 136
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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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Activision Blizzard Names New President; Leadership Team Members

L.A. Business Journal

Santa Monica-based Activision Blizzard Inc. named J. Allen Brack its new president of Blizzard Entertainment Oct. 4, alongside two new promotions to the executive leadership team.

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FundingPost Orange County VCs, Angels, Crypto and ICOs Event

SoCal Tech Calendar

Thursday, October 11, 2018 -- FundingPost Orange County VCs, Angels, Crypto and ICOs Event. At our next Orange County FundingPost event at the Eureka Building in Irvine, the panel of investors will focus on Early-Stage Venture Investing (VCs and Angel investors), and a fireside chat about ICO basics: How to meet investors, pitch them, and what it really takes to get them to write you a check!

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7 Steps To A Memorable New Venture Marketing Rollout

Startup Professionals Musings

Even with instant two-way communication via the Internet and mobile phones, your greatest new solution or service won’t found or properly recognized without marketing. The challenge is to rise above the clutter, and stand out in the rush of over 500,000 other new businesses that get started in the U.S. every month. I find that digital marketing is the most visible and effective place to start.

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Jam City Encouraging Midterm Voting With Mobile PSA

L.A. Business Journal

Culver City-based mobile game developer Jam City Inc. announced Oct. 3 it will partner with nonprofit voter registration organization When We All Vote to produce public service announcements encouraging its users to vote.

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nVerge 2018

SoCal Tech Calendar

Thursday, October 11, 2018 -- nVerge 2018 is a one-day technology conference focusing on uncovering maximum value from current business technology, sharing new trends and discussing future possibilities for solutions ranging from ERP, CRM, business intelligence, collaboration, and productivity. Key areas of exploration include solutions from Microsoft, Oracle NetSuite, and Salesforce, with additional emphasis on the related technology ecosystems.

Oracle 100
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Semtech Expands IoT Efforts In China With Alibaba

socalTECH

Camarillo-based Semtech said today that it has inked a deal with Chinese internet giant Alibaba , as part of an effort to expand use of its LoRa wireless technology in China. According to Semtech, it has extended an Internet of Things (IoT) collaboration effort with the Alibaba Cloud, to help tackle use cases such as logistics tracking, air quality, food safety compliance, and smoke detecting safety.

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Nobel Medicine Prize Honors Cancer Immunotherapy Pioneers Allison, Honjo

Xconomy

[ Updated, 11:45 am ET, with comments from press conference ] Harnessing the immune system to fight cancer has transformed the treatment of many cancers, and the lives of countless cancer patients who have seen their disease go into remission. Consequently, many people have speculated over the last several years that the founding researchers of the cancer immunotherapy field would win the Nobel Prize in Physiology or Medicine.

Press 98
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ZipRecruiter Raises $156 Million

L.A. Business Journal

Santa Monica-based digital job search platform ZipRecruiter Inc. announced Oct. 4 it secured $156 million in a funding round led by Wellington Management Co. and Institutional Venture Partners.

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FundingPost Los Angeles VCs, Angels, Crypto and ICOs Event

SoCal Tech Calendar

Tuesday, October 9, 2018 -- FundingPost Los Angeles VCs, Angels, Crypto and ICOs Event. At our next event the panel of investors will focus on Early-Stage Venture Investing (VCs and Angel investors), and a fireside chat about ICO basics: How to meet investors, pitch them, and what it really takes to get them to write you a check! ICOs raised a global record 6.7 billion dollars in 2018 alone according to ICOdata.com.

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ID Analytics Names New CEO

socalTECH

San Diego-based ID Analytics has named a new CEO, saying on Wednesday that it has named Ajay Nigam to the position. Nigam had been Senior Vice President of Product and Technology at ID Analytics since May of 2017, when he joined the company. According to ID Analytics, Nigam will report to Symantec SVP for Information Protection Nico Popp. ID Analytics became part of Symantec, when Symantec acquired Lifelock in 2016.

Symantec 133
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6 Keys To Maximizing Your Content Marketing Impact

Startup Professionals Musings

Entrepreneurs have always believed that their product or service must show real value to customers, but today the smart ones are even able to make their marketing valuable. The days are gone when marketing was all “pushing product.” Now customers seek out people who are willing and able to add value, with expertise and insight, even before they have a product.

Content 92
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Silicon Beach Report Oct. 3: Google Expands in Playa Vista

L.A. Business Journal

Google comes to Playa Vista; Uber launches Santa Monica Scooters; Jam City links with voting nonprofit

Google 145
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Cloudera, Hortonworks Plan To Merge As $5.2B Cloud Data Platform

Xconomy

Cloudera and Hortonworks, two large, publicly traded companies that compete to offer Web-based data storage and analytics, announced plans today to merge into a combined entity they value at $5.2 billion. Share prices for the two Silicon Valley companies spiked in after-hours trading following the announcement Wednesday that both their boards approved the all-stock deal.

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Tyffon Raises $2.17M, Sets Up Location In LA

socalTECH

Santa Monica-babsed Tyffon , a developer of immersive entertainment technology started in Japan, said this morning that it has raised $2.17M in a funding round, to set up its first location in Los Angeles. The company--which was part of the Disney Accelerator powered by Techstars--said the funding came from SEGA SAMMY Holdings, Mizuho Capital, Tokyu Recreation, Canal Ventures, plus others.

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5 Keys To Minimizing The Burn Rate For Your Startup

Startup Professionals Musings

Cash flow is a basic survival metric for every startup. Investors check your burn rate to assess your efficiency, and project your remaining runway before you run out of money and into a brick wall. Don’t wait until you are almost out of cash before managing every dollar spent, or looking for the next refueling from investors. Desperate entrepreneurs lose their leverage and die young.

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Silicon Beach Report Oct. 2: New Hyperloop Pod Revealed

L.A. Business Journal

Hyperloop Transportation Technologies shows off new tech; Appetize and Tropical Smoothie Cafe partner; Recargo acquired by Innogy

Report 127
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VelosBio Emerges with $58M in Funding to Steer Cancer Drugs to Clinic

Xconomy

VelosBio, a biotech startup researching new cancer drugs, has raised $58 million in financing. The new VelosBio cash, a Series A round of financing, was led by Arix Bioscience (LSE: ARIX ) and Sofinnova Ventures. VelosBio joined Johnson & Johnson’s JLABS @ San Diego incubator in January. The company is developing antibody drug conjugates, a class of cancer drug that links antibodies to potent cancer-fighting toxins.

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Goodbye, Geocities: Final Sunset As Japanese Site Closes

socalTECH

Geocities , the original Southern California internet startup--which was founded all the way back in 1994 in Los Angeles--will finally disappear completely from the Internet, as Yahoo said today that it will shut down its Japanese Geocities site. Geocities--which hasn't been available in the United States for nearly 10 years --apparently had been popular enough in Japan that the site had continue to run for long after its sunset in the United States.

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How to Have a Winning Career, Despite Constant Change

Startup Professionals Musings

Most young people who are completing their educational degree today think they will have learned all they need for their career ahead. Unfortunately, based on my own extensive experience in business, I have to tell them in my talks that most of what they know now will be obsolete in a few years. The most important thing you can learn in college today is how to learn.

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Silicon Beach Report Oct. 1: Justice Department Sues California

L.A. Business Journal

California’s net neutrality legislation brings challenges from the feds; Rapaport promoted at Amazon Studios; more flights From Surf Air

.Net 113
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Genomatica Grabs $90M to Boost Sustainable Chemical Business

Xconomy

Bioengineering pioneer Genomatica has raised $90 million in private funding to accelerate the commercialization of two chemicals it has developed from renewable sources—chemicals that are being used today in plastics, cosmetics, and personal care. The company says it will also use the money to further ongoing development of a third chemical, to be used in sustainable nylon.

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Appetize Selected By Tropical Smoothie Cafe

socalTECH

Playa Vista-based Appetize , which develops modern point-of-sale (POS) software and terminals based on tablets, has signed a deal with fast casual restaurant chain Tropical Smoothie Cafe. According to Appetize, it will offer up its cloud-based POS, self-serve, and mobile software to Tropical Smoothie Cafe, which is a franchise that just passed up its 700th store.

Sales 133
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5 Steps To Strategy Tuning Through Machine Learning

Startup Professionals Musings

Conventional thinking in business has long been that strategy decisions are made by humans, while the focus of automation and machine learning should be on execution. With the speed of change and volume of market feedback today, as well as the advances in machine learning, Amazon, Alibaba, and others have proven the value of software driven strategy decisions.

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Silicon Beach Report Oct. 4: Activision Hires New President

L.A. Business Journal

Vogue publishes Spanish Snapchat edition; op-ed accuses SpaceX of safety violations; Brack at the helm of Blizzard

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10 San Diego Startups to Compete at Region’s Top Pitch Competition

Xconomy

Ten tech startups will vie to impress a panel of six judges and hundreds of attendees at San Diego’s biggest pitch contest later this month. Three of the 10 slated to pitch at the Oct. 24 event will get a cut of $75,000 to advance their businesses. Launched in 2006 by San Diego’s Tech Coast Angels, the annual John G. Watson Quick Pitch Competition this year is being co-hosted by San Diego Venture Group and Cox Business—the commercial division of Cox Communications, a subsidiary of Atlanta-

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HyperX Releases New Gaming Earbuds

socalTECH

Fountain Valley-based gaming products manufacturer HyperX , which is part of Kingston Technology, said today that it has released a new set of "gaming headphones" specifically for the Nintendo Switch. The new HyperX Cloud Earbuds are specifically geared towards mobile gamers, according to the company, with soft silicone ear tips. The earbuds also feature a microphone, and will have a MSRP of $49.99.

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The Emergence of Cyber-Physical, and What it Means to Safety and Security

SoCal Tech Calendar

Wednesday, October 10, 2018 --.

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Silicon Beach Report Oct. 5: AeroVironment Lands $13 Million Contract

L.A. Business Journal

Air Force grants AeroVironment $13 million; Snap survival strategy leaked; Treyarch prepares for new game launch

Report 113
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Senomyx, Maker of Flavor Enhancers, Set to be Acquired by Firmenich

Xconomy

By year’s end San Diego’s Senomyx will be part of Firmenich, a privately held Swiss fragrance and flavor company. Senomyx (NASDAQ: SNMX ), a biotech that makes flavor enhancers , launched nearly 20 years ago and went public in 2004 at $6 per share. But since then its stock price has fallen significantly, dropping below $1 per share multiple times in the past two years, which nearly got the listing booted from the Nasdaq exchange.

Pricing 81
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Newegg Launches Gaming Promotion Month

socalTECH

Los Angeles-based technology e-commerce retailer Newegg says it has kicked off its annual "Gametober" month, where it will offer up deals on gaming gear sought after by its customers. Newegg said it will offer up great deals on components and storage products, VR-ready products, and e-sports gear all month. The promotion is just one of many that Newegg runs during the year to help it spur game sales outside of the holiday season.

NewEgg 133
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Elon Musk, Tesla Settle With SEC

socalTECH

Elon Musk , the technology mogul who runs both Los Angeles-based SpaceX , as well as electric car and solar power manufacturer Tesla , has agreed to settle the securities fraud charge brought against him by the SEC last week. Tesla has also settled with the SEC over charges that the firm failed to have the requires disclosure controls and procedures around Elon Musk's tweets.

SpaceX 133
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Bonfire Backed Kittyhawk Finds New Funding

socalTECH

Kittyhawk , a drone software developer backed by Santa Monica-based Bonfire Ventures, has scored new funding from insurance company Travelers, the company said today. The startup, based in San Francisco, says it has now raised $9.5M in total from such investors as Travelers, Bonfire Ventures, Boeing HorizonX Ventures, Freestyle Ventures and The Flying Object.

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