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Los Angeles-based j2 Global , the online services and publishing giant, reported on Monday that its Q1 2018 quarterly revenues grew to $280.6 million, a 10.2 percent increase over Q1 of last year. According to j2 Global, it ended the quarter with approximately $400M in cash and investments, after spending around $100M for acquisition and its regular quarterly dividend. j2 Global owns a large portfolio of online brands, including such online publications as IGN, Mashable, Humble Bundle, Speedtest
Update: This story has been updated to indicate that the deal is worth tens of millions not hundreds of millions and includes comment from other manufacturers. It seems like all is fair in love and scooter wars. In the battle royal to become the last dock-less scooter startup standing ( and un-besmirched by poop ), Bird has inked what it is characterizing as exclusive deals with Ninebot (the parent company of Segway ) and Xiaomi ( yes, that Xiaomi ), for rights to their supply of scooters for ri
You had an amazing meeting with an investor. Your product demo crushed. The dialog was great. They told you how much they loved your space. The meeting was only supposed to last 45 minutes but you ran 90. The assistant tried to end the meeting twice but was shoooshed away. You race back to the office to tell everybody how well it went and you wait for the follow-up call to have a partners’ meeting or talk about term sheets or at least dip into due diligence.
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.
Here is one that is so important to the continued health of a growing company that it cannot be overstated. It’s a bit complex for novices. But hang in there as I explain a bit about accounting classification of assets and liabilities. Differences between types of assets and liabilities. First, let’s be sure we know what is short in term and what is long in term.
How do you get top tier venture capitalists interested in your startup? Our interview this morning is with Lidia Yan , the founder of NEXT Trucking (www.nexttrucking.com), a venture-backed startup which operates an online marketplace for freight shipping. Yan tells us how the company's revenues, growth, and profits--even in the early days--drove $21M in funding from Sequoia for the company.
What could be more perfect than moving the inaugural championship finals for an esports league from its Los Angeles home to Brooklyn? For Overwatch League , the esports conference created by fiat from Activision Blizzard , the move is the first step in its plans for housing esports teams in cities around the country. Heading from sunny Burbank, Calif. to the hipster heartland of Brooklyn conjures up echoes of the famed Dodger franchise move (in reverse) while tapping into one of the few other ma
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What could be more perfect than moving the inaugural championship finals for an esports league from its Los Angeles home to Brooklyn? For Overwatch League , the esports conference created by fiat from Activision Blizzard , the move is the first step in its plans for housing esports teams in cities around the country. Heading from sunny Burbank, Calif. to the hipster heartland of Brooklyn conjures up echoes of the famed Dodger franchise move (in reverse) while tapping into one of the few other ma
Fund raising. It definitely has a “d” in it, as in it’s really not fun, raising. But it’s critical for your business, for you as a leader and people who excel at fund raising have an extreme advantage over those who do not. The best entrepreneurs in our industry focus on it year-round as opposed to just once every 18 months. As a VC with scores of startups in our portfolio we have ringside seats to many, many fund raising processes plus I had to raise money across about 5 different rounds of cap
Redland-based geographical information software (GIS) developer Esri said on Tuesday that it has rolled out a new, online portal specifically focused on its customers in Africa. According to the company, the portal provides access to its ArcGIS Online service as well as geographic data and imagery for Africa. Esri says it is targeting the African Union, African Development Bank, other international agencies, nongovernmental organizations (NGO), academia, businesses, and national government funds
Whether you’re fund raising from angels, seed investors and VCs?—?as an industry we succumb to “herd mentality.” There are a few exceptions and originally thinkers but it’s maddening how much group think and need for social proof there are. Nobody commits, nobody wants to set a price, nobody wants to stick their neck out then BOOM! Reid Hoffman is in?
A new report this morning says that a new survey of users of Venice, California-based Snap 's social networking app, Snapchat , finds opinion of the brand has dropped significantly due to its redesign. The report says the opinions of 18- to 34-year old users of Snapchat dropped 73 percent following the redesign, based on data from YouGov. READ MORE>>.
There is an old management saying, “measure twice, cut once” which refers to the benefit of doing some planning. It’s the antithesis of “ready, fire, aim” which seems to be so prevalent in today’s society. The benefits you will receive from doing even some basic planning before you hit the fund raising trail are enormous. This post has some basic advice on how to plan your raise before you hit the road.
Calabasas-based DTS , the developer of surround sound and sound processing software which is now owned by Xperi Corporation, says its technology is now available on Analog Devices, Inc. digital signal processing (DSP) products. According to DTS, its DTS Virtual:X SDKs are ready for integration into AVRs and sound bars using Analog Devices' various DSP products, including the ADSP-2148x, ADSP-2157x, ADSP-SC57x, ADSP-2158x.
The temperature in California’s Palm Desert hit 107 degrees Tuesday, but indoors at Intel Capital’s Global Summit meeting, the corporate venture arm said it has invested a cool $115 million so far this year. Intel Capital wasn’t ready to disclose exactly how many startups it has funded, but it highlighted a dozen tech companies that got almost two-thirds of the total ($72 million) with innovations in semiconductors, artificial intelligence, and the Internet of Things (IoT).
Irvine-based Syntiant , a developer of semiconductors used for "edge computing" and machine learning applications, has raised a Series A round of funding, led by Intel Capital, Syntiant said on Tuesday. The size of the funding round was not disclosed. The round also included Seraph Group, Danhua Capital and Embark Ventures. Syntiant says it is developing ultra low power semiconductor designed designed for analog neural computation on battery-powered devices, including mobile phones, drones, wear
In the eight years since it was founded, Seismic has become a leader in the market for Web-based software used by corporations and other big customers to manage the online marketing materials created to support sales reps in the field. Today, the San Diego software-as-a-service company says it has agreed to acquire the Chicago-based Savo Group , a Seismic competitor in a still-emerging field known as “sales enablement” software, and one of the first companies in the field.
San Diego-based Seismic , the private equity-backed provider of sales and marketing enablement tools, said on Tuesday that it has acquired SAVO Group , a provider of sales enablement products. Financial details of the acquisition were not announced. SAVO Group was founded in 1999, and serves the technology, life sciences, and financial services industries.
Genetic testing that helps guide more precise cancer treatment is making its way into standard practice in major U.S. medical centers. Could the same eventually be true for depression? One test maker thinks it has finally gathered enough evidence to convince psychiatrists to order its product and make more informed prescriptions based on a patient’s DNA.
Santa Monica-based Champion Technology , which develops an artificial intelligence-powered software product for the cybersecurity area, to help improve cyber security analysis, has received a strategic investment from R9B (root9B, LLC), a provider of cybersecurity products and services. Size of the investment was not announced. According to the two, the investment deal came as a result of a strategic partnership and alliance between the companies.
Pasadena-based Wavemaker Three-Sixty Health , a new, venture capital fund led by John Nackel and Jay Goss, said this week that it has launched a new fund focused on seed stage and Series A healthcare investments. Size of the new fund was not announced. According to Wavemaker Three-Sixty Health, the new fund is a joint venture between Wavemaker and Three-Sixty Advisory Group, LLC, a healthcare consultancy and business accelerator.
Santa Monica-based Nimble has added a new push notification feature to its mobile app software, used to track customer contacts, letting iOS users see when a contact opens their tracked emails. According to Nimble, the feature also includes appointment reminders, meeting follow-up notes, and other features in addition to tracked message open and click tracking features.
Venice-based startup Heartbeat , which wants to pay women to share posts from brands, said this week that it has launched an app which lets women sign up for the company's service. According to Heartbeat, its new app for iOS and Android connects women with campaigns which offer free products, services, and/or payments for branded posts. The company said that brands--including Amazon, Sony Music, Netflix, Warner Bros., Saks Fifth Avenue, H&M, Goop, and others--are looking for "Ambassadors" wh
Irvine-based PrescribeWellness , which develops cloud-based patient relationship management software, said this week that it has acquired the pharmacy-related assets of VoicePort. VoicePort is a provider of interactive voice response products for regional pharmacy chains and independent pharmacies. Financial details of the buy were not announced. PrescribeWelness said it will use the assets to extend its offerings.
Santa Monica-based private equity investor Arrowroot Capital has invested $38M in big data and analytics software developer ClickFox , according to a regulatory filing from ClickFox this week. The funding, without financial details, was announced on April 30th. According to the filing, ClickFox is targeting a total of $41.1M in the funding round. Marco Pacelli is CEO of ClickFox, which is based in Denver, Colorado.
Irvine-based Digital Map Products , a provider of parcel information and data, along with mapping tools, said that its users can now stream its comprehensive parcel and property data to the popular ArcGIS platform from Esri. Accordign to the company, the new web services capability for its SpatialStream web service provides businesses and governmens with access to more than 142 million parcel boundaries, covering 98 percent of the U.S. population, tied to information like property data and tax i
Hawthorne-based SpaceX is in the final phases of launch for a new rocket design, the Falcon 9 Block 5, targeted at 4:12 EDT today in Florida. SpaceX--which is hoping to launch the very first satellite for Bangladesh, the Bangabandhu-1, with the launch--and also prove out its new, highly re-usable design, which is aimed at making it even easier for SpaceX to re-use its rockets.
Behzad Kianmahd is the co-founder of Los Angeles coworking space Cross Campus , which is one of the major centers of startup activity in Silicon Beachand also involved as co-founder and lead investor in a brand new, venture capital fund, TAU Ventures (www.ideasimmersion.com/tau-ventures/). TAU Ventures is based in Israel, and is linked with Tel Aviv Universitybut it hopes to take a lot of what Behzad has learned in Silicon Beach, and apply that to companies coming from Tel Aviv University.
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