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Irvine-based patient monitoring equipment developer Masimo has sued Apple , claiming that Apple stole its trade secrets and infringed on its patents--not to mention, hired away key employees--in order to add health monitoring features to its Apple Watch. In a patent filing in the US District Court for the Central District of California, Masimo and one if its spinoffs, Ceracor Laboratories, said Apple infringed on ten patents held by Masimo in order to implement health monitoring features in the
Most new entrepreneurs don’t anticipate the learning burden of being the leader, including the sense of loneliness and isolation at the top. People outside the team can’t relate to the pressures of “the buck stops here,” and everyone on the team assumes that they are the primary ones under pressure to deliver. Even in a single entrepreneur startup, the leader carries a heavy weight.
Real estate is a big business in the sprawling city of Los Angeles, and new technology tools to target the industry continue to attract investor attention. The latest of these is Luxury Presence , which pitches digital marketing services to real estate agents and has raked in $5.4 million in financing to support the buildout of its services and sales teams to manage clients.
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.
Los Angeles-based Honey , the developer of a browser extension which searches out coupon codes and deals for users, has been labeled a security risk by Amazon , according to a report from Wired. Honey was recently purchased for $4 billion by PayPal. It's unclear why Amazon might be targeting Honey, however, Honey uses affiliate codes as part of its model to provide rebates to users, and likely has been gathering an outsized portion of those e-commerce revenues from online merchants.
The recruitment traps. It has happened to all of us who have been leaders in business long enough. One of your employees is approached by an employee of a customer or of a supplier, stating that “It sure would be great to work in your company.” And without a policy or sometimes without thinking, your employee responds with a “Let me help,” or worse yet, “I have a position open.”.
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The recruitment traps. It has happened to all of us who have been leaders in business long enough. One of your employees is approached by an employee of a customer or of a supplier, stating that “It sure would be great to work in your company.” And without a policy or sometimes without thinking, your employee responds with a “Let me help,” or worse yet, “I have a position open.”.
One of the big questions that every entrepreneur struggles with is how much funding they should request from investors in the first round. They know from forums such as Shark Tank on TV that asking for either too much or too little will derail credibility in the eyes of the investor, and leave the entrepreneur with no money and a struggling startup.
For today's interview, we spoke to Bill Curtis , the founder of Malibu-based CurtCo Media (www.curtco.com). Curtis is the former publisher of the Robb Report, which he sold back in 2015, and has a long history of operating media companies that have published such titles as Home Office Computing, Home Theater, Mobile Computing, Worth, and many others.
Santa Monica-based Snap Inc. paid $166 million to acquire AI Factory Inc., a San Francisco-based startup founded by Snap's former director of engineering.
2019 was the year podcasting turned into a major industry. A few high-profile acquisitions put Spotify into the running against Apple, while buzzy new startups like Luminary jumped into the pool as well. Today, major media prognosticators including market research company Forrester and the Interactive Advertising Bureau foresee podcasting as the next billion-dollar media market , with a report from the latter saying that one-billion-dollar mark could be surpassed as soon as 2021. 90 million Amer
As an advisor to entrepreneurs, I find that I often have to remind them that the world of customers has changed since they started their last business. Customer expectations of a relationship and personalization are stretching every business today, and pervasive use and confidence in social media by customers can override all your image building and marketing messages.
San Jose-based PayPal Holdings said this morning that it has completed its $4 billion cash acquisition of Los Angeles-based Honey , the developer of a browser plug-in that helps consumers find the best coupons for purchases when they are shopping online. According to PayPal, the deal will "transform the shopping experience for PayPal's consumers while increasing sales and customer engagement for its merchants.
Culver City-based cannabis retailer MedMen Enterprises Inc. is continuing its aggressive push to implement its restructuring plan in light of large losses.
Thursday, January 16, 2020 -- LA CEOs: Sales - Close More Business and Scale. Start off your year with LA's top tech CEOs and our special guest Carrie Lauby, an LA-based sales expert with over 25 years growing B2B2C SaaS companies. This sponsor supported FREE event is restricted to qualified CEOs and CFOs only. Confirmed RSVP required.
As an advisor to entrepreneurs, I often hear the desire to run their own company, to avoid having someone else telling them how to run the business. They then ask me to help them find investors who can provide the funding they need. They don’t seem to realize that investors can be the most demanding bosses your ever had, since it’s their money you are using and potentially losing.
Rivian , the developer of electric trucks which has development offices in Irvine and Carson, California, said this morning that it will Alexa-enable its upcoming vehicles. According to Rivian, there will be a direct integratio of Amazon's Alexa into its connected car systems, with no phones or apps required. The Alexa integration deal is not surprising, given the agreement between Amazon and Rivian for Rivian to supply 100,000 all-electric delivery vans to Amazon, and a massive investment by Am
From ambitious streaming services to fantastical flying cars, Los Angeles companies demonstrated innovative concepts in droves last week in Las Vegas at the 2020 Consumer Electronics Show.
Tuesday, January 14, 2020 -- Preccelerator Workshop: Driving with Data w/ Sari M. Kern. All companies generate information from the day-to-day operations. The question is: how can businesses organize and use this data to drive success? This workshop will walk you through the steps of how to use data to inform strategy and make decisions.
If you think that financial modeling for a new business is arcane magic, limited in value to financial wizards and professional investors, then you have been listening to the wrong advisors. In reality, a simple Excel spreadsheet model customized around your assumptions can save you hours and avoid a wasted expense in validating alternative vendor and marketing decisions.
Fountain Valley-based HyperX has announced a number of products at CES, including a new wireless gaming headset with support for the "Qi" wireless charging standard. HyperX added a new mechanical gaming keyboard, a new gaming mouse, a "gaming mouse pad", as well as DDR4 DIMM and DDR4 SODIMM modules. The HyperX Cloud Flight S wireless headset was the most significant offering, offering one of the first Qi-certified wireless headsets.
Empirico, a biotech that has developed tools to analyze genomics data and use those insights to identify potential therapeutic targets, has signed a collaboration deal with antisense drug developer Ionis Pharmaceuticals that includes a $10 million equity investment. The 14-person startup, founded in 2017, has developed technology that it says uses big data sets, human genetic data, and advanced algorithms to find potential targets for drugs.
Mark these dates in your calendar—these are the best business events in San Diego to attend in 2020! From small networking events to huge seminars, we've narrowed down our top ten. The post San Diego startup events you don’t want to miss in 2020 appeared first on Startup San Diego.
San Diego-based Element Biosciences , which is developing DNA sequencing technology, says it has raised $80M in a Series B funding round. The new funding came from Fidelity Management & Research Company and JS Capital LLC, along with Foresite Capital and Venrock. According to Element Biosciences, the new funds will go towards accelerating the development of its genomic sequencing products.
Santa Monica-based fintech startup Grow Credit said this week that it has signed up Trash Butler , a "trash valet" company which takes out the trash for apartment, student housing, and condo dwellers, and will help Trash Butler's workforce and clientele establish and build their credit. Grow Credit says it is helping consumers establish or build credit through a virtual Mastercard, which lets users exclusively processing payments from subscription companies such as Disney Plus, Netflix or Spotif
E-scooter company Lime is retreating from San Diego--as well as eleven other markets--in what appears to be a shift in the winds for the micro-mobility market startup world. Lime--which competes against such local startups as Bird and Wheels-- said that it is shutting down in "select communities throughout the world where micromobility has evolved more slowly".
Los Angeles-based Quibi , the previously stealth-mode mobile video startup founded by Jeffrey Katzenberg and Meg Whitman, said at CES that it has raised $400M in a funding round. The company--which unveiled a website and announced its plans to roll out 175 short form video series specificaly created for smartphones, tablets, and other mobile devices--was previously known as NewTV.
Valencia-based Whitmor/Wirenetics , a value added manufacturer and distributor of wire and cable products for the aerospace, defense, space and industrial markets, has been acquired by BJG Electronics Group. Financial terms of the acquisition were not announced. BJG Electronics Group said the deal came alongside another acquisition, of Intro Corporation, a distributor of connectors, contacts and accessories to the commercial aviation and aerospace industry.
Irvine-based Advantage Solutions , which provides technology-enabled sales and marketing services to manufacturers and retailers, has acquired Quantum Networks , a New York City-based e-commerce retailer and agency. Financial terms of the acquisition were not announced. Advantage Solutions says that Quantum Networks represents more than 100 brands on seven global online marketplaces, and in particular is a Amazon third-party seller across a wide range of categories, including consumer electronic
San Diego-based Omniome , a startup developing a DNA sequencing platform, says it has raised $60M in a Series C financing round, bringing the company's total raised to $145M. The new funding was led by Madrone Capital Partners, and also included ARCH Venture Partners, Decheng Capital, Domain Associates, Biomatics Capital Partners, Altitude Life Sciences Ventures, Nan Fung Life Sciences and others.
Los Angeles-based Cinelytic , a developer of artificial intelligence software, says it has signed a deal with Warner Bros. Pictures International (WBPI), where Warner Bros. will use its AI-driven project management software. According to Cinelytic, the AI software will be used to help drive decision making as part of the greenlight process for film studios, and to inform decision making around content and talent valuation to support release strategies.
Culver City-based Dub Frequency Media (DFM), a marketing, public relations, and creative firm which focuses on millennials, has raised $9.0M in a funding round, part of an ongoing $10.97M funding effort, according to a regulatory filing by the company this week. The company, led by Jesse Lee, counts such major clients as Nike, Calvin Klein, Nordstrom, Tesla, Live Nation, Red Bull, and many others.
In the latest drumbeat of negative coverage of Santa Monica-based Ring , a report from Vice, published on Wednesday, says that a number of its employees had been fired over the last four years for improperly accessing user video data. The disclosure--which was leaked to Motherboard--apparently was made on January 6th, to U.S. Senators who have been inquiring into the company's handling of videos.
Camarillo-based semiconductor developer Semtech announced another design win for its LoRa low power wireless networking technology, saying that its devices are being used by Elmeasure India Pvt. Ltd. (Elmeasure), a leading developer of Internet of Things (IoT) technologies for the utility metering and energy management industries, and ClodPi Labs (ClodPi), a developer of long range sensor networks based on its LoRa protocol and devices.
Len Lanzi , who has been Executive Director of LAVA for the past 12 years, is joining as the new Managing Director of the Preccelerator , an accelerator for early-stage startups run by Stubbs Alderton & Markiles, LLP, according to Scott Alderton, founding partners of Stubbs. Lanzi has been a key force in the Los Angeles startup and technology world, and prior to that had served in numerous roles in the nonprofit sector.
Los Angeles-based XPRIZE , the nonprofit which runs global competitions to spur the development of technology to solve some of humanity's biggest challenges, says it now has 77 teams signed up for its $10M ANA Avatar XPRIZE Competition. The ANA Avatar XPRIZE Competition is aimed at spurring development of technology to allow humans to have a remote presence in remote locations in real time.
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