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Thursday, September 18, 2014

Gem Gets $2M For Bitcoin API

Thursday, September 18, 2014

Venice, California-based Bitcoin startup Gem has raised $2M, to make Bitcoin easier to use for developers, the company said this week. According to Gem, the seed funding came was led by First Round Capital and Tekton Ventures and also included RRE Ventures, MESA+, Amplify.LA, Birchmere Labs, Idealab, ECEG, Partners, Baroda Ventures, Wavemaker Labs, Bitcoin Shop, Inc., Crypto Currency Partners, QED Associates, and Angel investor James Joaquin. Gem is led by Micah Winkelspecht. The funding was co-led by First Round's Howard Morgan and Jai Choi, of Tekton Ventures. Gem has develops an API which helps developers build in Bitcoin support and security into their apps. The company was previously known as BitVault.

 
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Metacloud VC On Cisco Acquisition: "Epic Exit"

Thursday, September 18, 2014

According to one of Pasadena-based Metacloud's venture capital backers, the acquisition of the cloud services provider by Cisco on Wednesday was an "epic exit". The statement came from Jason Lemkin, a venture capitalist at Storm Ventures. No terms of the deal have been announced, however, Metacloud had only raised around $25.0M in funding, from such investors as AME Cloud Ventures, Canaan Partners, Pelion Ventures, Silicon Valley Bank, and Storm Ventures. The exit is also a huge win for technology insider Sean Moriarty, who was Chairman of the company; Metacloud was started by Sean Lynch, former Sr. Vice President of Technology Operations at Ticketmaster Entertainment and Steve Curry, the former head of Yahoo's global storage operations. Metacloud helps enterprises implement private cloud technology.

 
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BeLinked Mashes Up LinkedIn, Tinder For Dating

Thursday, September 18, 2014

What would happen if you mashed up the business centric world of LinkedIn, with the hot-dating action of Tinder? You'd get BeLinked, a new Los Angeles-based service which uses LinkedIn's social graph to help connect you with dates. BeLinked, which is led by Max Fischer, said this week that it has launched a new iOS app which helps match people through LinkedIn, using that site's extensive professional networking emphasis to better match potential dates. The app uses LinkedIn profiles and information such as gender, age, location, industry and school, and combines that with a Tinder-like "like" or "pass" on potential dates. Fischer--a former investment professional--said that the app came out of his own interest in dating other young professionals.

 
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Shuttlerock Raises $2.35M, Sets Up Shop In LA

Thursday, September 18, 2014

Shuttlerock, a New Zealand-based developer of marketing software which helps companies embed social media generated by their fans into their websites, has raised $2.35M in a Series A funding, and opened up its US headquarters in Los Angeles. ShuttleRock also said that it has named former ValueClick CEO James R. Zarley as its chairman of its board. The funding came from such investors as Japanese digital advertising agency Opt, ICE Angels, and angels Gary McCormick and Yoshihiro Kawamura. The company said this new round of funding will go towards expanding the company's presence in North America. As part of that expansion, Jade Swords has been named CEO, North America, to be based here in Los Angeles.

 
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Docupace Gets Majority Investment

Thursday, September 18, 2014

Los Angeles-based Docupace Technologies, a provider of electronic processing technology aimed at the financial institutional and wealth management industry, said today that it has raised a round of funding from RCS Capital Corporation. The new investment gives RCS Capital a majority stake in Docupace. Financial details of the deal were not disclosed. Docupace develops electronic document management software for managing the operations of broker-dealers. Docupace said the company will continue to be led by President and CEO Michael Pinsker, as well as its existing management team. RCS Capital (RCAP) is a retail investment firm.

 
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Rio SEO Raises New Funding, Takes Independent Path

Thursday, September 18, 2014

San Diego-based Rio SEO, the local search software development arm of Covario, said Wednesday that it has raised a new round of funding to take the company independent. The new funding comes after the rest of Covario was sold to Dentsu Aegis Network. According to Rio SEO, it has raised additional funding from FTV Capital, Dubilier & Co., Voyager Capital, and Stratim Capital, to allow it to pursue further development and sales of its technology platform. Size and details of that investment were not disclosed. As part of the funding, Dema Zlotin, one of the original founders of Covario, has rejoined the company as its CEO. Rio SEO's software automates such things as ensuring a retailer's many locations are populated into local search services, helps with local search retargeting of ads, and more.

 
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Covario Acquired By Dentsu Aegis Network

Thursday, September 18, 2014

San Diego-based Covario, the search and content marketing agency, is being acquired by Dentsu Aegis Network, the companies said late Wednesday. Financial terms of the buy were not disclosed. According to the two, Covario has over 140 professionals offering up paid and organic search, social media, and content marketing services to brands and direct marketing clients. As part of the deal, Covario's SEO software arm--Rio SEO--will become an independent company. UK-based Dentsu Aegis Network said that the acquisition will help build out its organization on the West Coast. Covario becomes part of Dentsu's iProspect digital performance agency.

 
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Interlink Electronics Names VP of Operations In China

Thursday, September 18, 2014

Camarillo-based Interlink Electronics, the manufacturer of force sensors and other electronics, said Wednesday that it has named a new VP of Operations, based in China. The company said it has named John Sirbu as Interim VP of Operations based in Shenzhen. In a related move, Interlink said that Howard D. Goldenberg, the company's President, is now leaving the company, due to the expansion in China.

 
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SoCal IP Law Group LLP - Serving the IP Needs of Business

IP Litigation . IP Transactions . Patent & Trademark Prosecution . IP
Strategy .

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info@socalip.com 805-230-1350 www.socalip.com


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Early Stage Commercial Insurance - Pacific Unified Insurance Agency

We are a commercial insurance broker working with startup and early
stage technology and E-Commerce companies to implement cost effective
strategies for their insurance and risk management programs. We
provide guidance and strategic planning during various phases and also
advise regarding employee benefit structures to assist in employee
recruiting and retention. Coverage placements include D&O, Property,
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Contact:

John Huttinger, CIC, CRM
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Key Information Systems Announces Key Cloud

Key Information Systems, a leading IT systems integrator and Premier
IBM Business Partner based in Agoura Hills, CA, announced the
availability of Key Cloud for users of cloud computing services.

Key's new cloud services are offered in conjunction with colocation,
managed services and Internet connectivity offerings.

To learn more about the Key Cloud, visit the Key Info website or
contact Pete Elliot at Key Information Systems, Inc., 30077 Agoura
Court, First Floor, Agoura Hills, CA 91301, USA, email
pelliot@keyinfo.com or call 1.818.737.2804.

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PortTechEXPO | Wednesday, September 17, 2014

Crafted at the Port of Los Angeles | San Pedro, CA

The only maritime-oriented clean tech conference and exhibition on the
West Coast!

EXPLORE opportunities to bring innovative solutions to environmental
challenges
CONNECT with decision makers in the maritime business and public sectors
DISCOVER new technologies through live demonstrations and displays
UNDERSTAND the challenges of continued sustainable growth
MEET the leaders who influence technology deployment


http://www.PortTechLA.org/EXPO | #PortTechEXPO


Wednesday, September 17, 2014

BeautyCon Raises $5M

Wednesday, September 17, 2014

Los Angeles-based BeautyCon, which organizes conferences and runs a website focused on beauty and fashion as it intersects with online media, has raised $5M in a seed funding round. The funding came from Hearst Corp., Rachel Zoe Ventures, Queensbridge Venture Partners, and other angels. The company is led by Moj Mahdara.

 
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Metacloud, Eucalyptus, Inktank: SoCal Startups Now Powering The Cloud

Wednesday, September 17, 2014

Where is the future of the cloud being developed? Based on a trio of recent, cloud technology acquisitions by major, Silicon Valley technology powerhouses, that would be Southern California. Three companies--all started in Southern California--have been picked up for their cloud technology over the last few months, including today's acquisition of Pasadena-based Metacloud by Cisco Corp.; the acquisition of Santa Barbara-based Eucalpytus by HP last week; and the acquisition earlier this year of Los Angeles-based Inktank by Red Hat. Cisco did not say how much it is paying for Metacloud; HP is reportedly paying around $100M for Eucalyptus; and Red Hat paid $175M in April for Inktank. The three startups are among the many, technology-centric startups in Southern California who, for the most part, have been far less visible than sexier consumer Internet and media companies here.

 
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Metacloud Acquired By Cisco

Wednesday, September 17, 2014

Pasadena-based Metacloud, the provider of Openstack-based, private cloud services, has been acquired by Cisco, Cisco announced Wednesday morning, to help bolster Cisco's cloud infrastructure efforts. Financial terms of the buy were not disclosed. According to Cisco, Metacloud's employees will join its Cloud Infrastructure and Managed Services organization. Metacloud deploys and operates private clouds for enterprise customers, and was led by Sean Lynch and Steve Curry. Metacloud was venture backed by AME Cloud Ventures, Canaan Partners, Pelion Venture Partners, Silicon Valley Bank, Storm Ventures, and UMC Capital. Metacloud last announced round was in May, when it raised $15M in a Series B funding.

 
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Wallaby Extends To Firefox Browser

Wednesday, September 17, 2014

Pasadena-based credit card optimization software developer Wallaby, which is led by Matthew Goldman, has extended its tools to yet another platform, saying this morning that it has launched a new extension for the Firefox web browser. Wallaby said the extension helps users figure out which credit card they ought to use when purchasing products online, using its credit card recommendation engine. The company's software tools help maximize rewards and cash back, depending on a user's specific cards and goals. The company has been aggressively spreading its technology across different kinds of platforms, including wearable devices, the web, iPhone, Android, and more. The company recently also added Android Wear, Samsung Gear, and a Google Chrome extension.

 
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QPID Health Sets Up Office In San Diego

Wednesday, September 17, 2014

Boston-based QPID Health, a developer of clinical intelligence software for the healthcare market, said it has set up an office in the San Diego area, to tap into the area's talent base. The startup--which is venture backed by Matrix Partners, Cardinal Partners, New Leaf Venture Partners, Massachusetts General Physicians Organization and Partners Innovation Fund--said the new office will be in Carlsbad. The company did not say how many people it intends to employ at the new location. The new office comes as part of an overall expansion for the company. QPID Health develops clinical intelligence software used for pulling up relevant electronic health records.

 
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Microsemi Corporation Completes Centellax Buy

Wednesday, September 17, 2014

Aliso Viejo-based semiconductor developer Microsemi said late Tuesday that it has completed its acquisition of Centellax, the developer of high speed, analog and RF semiconductors. Financial details of the buy were not disclosed. Microsemi had announced the acquisition on September 10th. Centellax sold its products to the Ethernet and optical networking market.

 
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Cornerstone OnDemand Foundation Launches New Nonprofit Site

Wednesday, September 17, 2014

Santa Monica-based Cornerstone OnDemand Foundation, the nonprofit arm of talent management software developer Cornerstone OnDemand, said this morning that i thas launched a new online learning and social networking site for nonprofits. According to the group, its new NonprofitReady.org site provides professional development courses and training to nonprofit professionals, with a library of e-learning courses, videos, webinars, and more featuring organization and experts in the nonprofit sector. The group said the courses include training on fundraising and development, leadership, accounting and finance, operations, marketing and communications, volunteer engagement and program management.

 
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Unitas Global Names New CEO

Wednesday, September 17, 2014

Los Angeles-based enterprise cloud provider Unitas Global said this morning that it has named Patrick Shutt as its new CEO. Shutt was the cofounder of Universal Access, and also co-founded 20/20 Technologies (now Global Capacity). Current CEO and founder Grant Kirkwood becomes Chief Technology and Strategy Officer. Unitas Global provides fully managed private cloud services to enterprises; the company's backers include Azure Capital and MK Capital.

 
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Denovo Biopharma Buys Drug From Eli Lilly

Wednesday, September 17, 2014

San Diego-based biopharmaceuticals firm Denovo Biopharma said Tuesday that it has acquired a cancer drug from Eli Lilly and Company. According to Denovo, it acquired the late stage oncology drug enzastaurin from Eli Lilly, gaining all rights to develop, manufacture and commercialize enzastaurin globally, including transfer of all intellectual property and other rights, data, and information. Financial details of the buy were not disclosed.

 
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TechCXO Los Angeles - Professional Services for Technology Companies

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Apply Today For NewCo's Inside-Out Conference

NewCo is the "inside out" conference model where attendees use the working
city as the event space, and companies open their doors to welcome the
community into their offices for a one­ hour tour, conversation, or
informational session.

"NewCos" are companies that truly standout for their approach to business:
NewCos are on a mission to effect real change in their chosen market, and
they are leaders in creating workplaces that redefine traditional
approaches to work.

We are looking for smart, innovative companies to apply to join Google,
Rickshaw Bags, IFTTT, Bloomberg West, Lit Motors, Instructables, Everlane,
PUBLIC Bikes, Code for America, Hightail and many others.

NewCo is expanding to Los Angeles soon. If you are a part of a company
that should be one of the Host Companies in 2014, please apply today!

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Tuesday, September 16, 2014

One Step Closer To Mars For SpaceX

Tuesday, September 16, 2014

The announcement Tuesday afternoon by NASA that Southern California private rocket and spacecraft developer SpaceX has been selected to help deliver astronauts to the International Space Station, helps move SpaceX one step closer to the ultimate goal: Mars. NASA said it selected SpaceX--along with Boeing--to help deliver astronauts to space, to end the sole reliance the nation currently has on Russia to deliver its astronauts to the International Space Station. SpaceX CEO and technology mogul Elon Musk has been a vocal critic of the U.S. reliance on Russia for delivering its astronauts to space; something which in recent months has become even more of an issue due to simmering tensions in Eastern Europe. SpaceX--which already has made its mark in history as being the first, private company to deliver cargo to the ISS--unveiled its first manned spacecraft, the Dragon V2, in May.

 
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SpaceX To Transport Astronauts To Space

Tuesday, September 16, 2014

Hawthorne-based SpaceX has been selected by NASA to help transport astronauts to space, the agency said Tuesday afternoon, in a move to return astronaut launches to American soil. According to NASA, both Boeing and SpaceX have been selected to deliver astronauts to the International Space Station. NASA Administrator Charles Bolden said in an announcement that the move will help end the nation's sole reliance on Russia for delivering astronauts to space by 2017, and also help NASA focus on sending humans to Mars. The deal is worth a total of $2.6 billion for SpaceX, and $4.2 billion for Boeing.

 
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Insights and Opinions: The Curse of a Modest Exit

Tuesday, September 16, 2014

For today's Insights and Opinions article, we have an article from angel investor Steve Reich, who talks about the pros and cons of a modest exit in an investment.





You hear about extreme outcomes all the time—the huge exit or a company shutting down. Recently, I got to observe a much more rare event: a company exiting at a modest valuation. The impact on both the team and investors was illuminating.


The company in question built mobile apps for a particular sport, and had 3 million downloads with nearly 2 million active users. I had been an advisor to the team on a periodic basis. We (More...)




Read the rest of Steve's article, The Curse of a Modest Exit.

 
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University of California Plans $250M Venture Capital Fund

Tuesday, September 16, 2014

Startups related to the many University of California campuses in Southern California may soon have a new source of funding: The University of California itself, via a new, $250M venture capital fund. According to UC President Janet Napolitano, the UC Board of Regents is voting this week on approving the $250M fund, UC Ventures, which is expected to launch in 2015. The fund would seek to invest in companies started on campus, from University research, and from students. The fund would come from the UC endowment, and no tuition or state funding will be used, according to the UC system. The University of California has ten campuses, of which half of them are in Southern California, including UC Irvine, UCLA, UC Riverside, UC San Diego, and UC Santa Barbara. Among the successes driving the creation of the fund was the IPO of Santa Monica-based Kite Pharma, which is a spinout of UCLA.


Image courtesy Chris Radcliff, via Flickr

 
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3D Robotics Gets Investment From Richard Branson

Tuesday, September 16, 2014

San Diego-based 3D Robotics, the drone technology developer led by Chris Anderson and Jordi Munoz, has scored a high profile investment from Sir Richard Branson, according to the firm. Financial details of the investment were not disclosed. 3D Robotics said that BRanson was "blown away" by its drones' capabilities. As part of the funding, 3D Robotics released a video made with its drone on Branson's private island.

 
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Workpop Raises $7.9M To Connect Job Seekers, Employers

Tuesday, September 16, 2014

Los Angele-sbased Workpop, a new startup founded by former Zynga executive Reed Shaffner and Viddy Co-Founder Chris Ovitz said this morning that it has raised $7.9M in a funding round. The startup is creating an online marketplace and community which seeks to help connect employers and job seekers. The new funding came from Trinity Ventures, and also included SV Angel, Evan Williams and Biz Stone's Obvious Ventures, Cornerstone OnDemand, Joe Lonsdale, Aaron Levie, Slow Ventures, Box Group, Ironfire Capital, Plus Capital, Lee Linden (Facebook), Jim Pallotta, Dennis Phelps (IVP) and Michael Marchetti.

Unlike other job sites, Shaffner and Ovitz say that their startup is focused not on churning out job postings, but helping companies find and retain the best employees; the company also is looking to aim at the broader market, as opposed to the tech-savvy, Silicon Valley centric job startups. The company is initially concentrating on Los Angeles. The two are applying their deep consumer and gaming experience to create a user-friendly and employer-friendly site, with such features as collecting video cover letters; consolidating resumes into a common format for hiring managers; anonymous feedback to job seekers to help them figure out why they might not have been attractive to an employer; and much more.

 
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Ixia Files Financial Results, Finally

Tuesday, September 16, 2014

Calabasas-based Ixia, the developer of network test equipment and software, has filed its second quarter 2014 financial results, along with quarterly reports for its second quarter of 2014, bringing it into compliance with its SEC filings, the company said late Monday. The company said it is now current in filing all required periodic financial reports with the SEC. Ixia had been struggling to put its financial house in order after the surprise departure of its former CEO and subsequent accounting investigation, after the company discovering he had fabricated his educational background. According to Ixia, effective today, Bethany Mayer will join the company as President and CEO. Mayer, a veteran of HP, Blue Coat Systems, Cisco Systems, and Apple Computer, had been named CEO of the firm in August, effective only when the company became current with its SEC filings.

 
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Zadara Storage Gets Patent Award

Tuesday, September 16, 2014

Irvine-based Zadara Storage, which develops technology for cloud-based storage services, reported that it has scored a U.S. Patent for its technology. The company said that it received US Patent 8,819,230 for a “Virtual Private Storage Array service for cloud servers”. The patent was filed on November 5, 2011, and names CEO Nelson Nahum, along with Yair Hershko, Yoav Ossia, Shyam Kaushik, Lev Vainblat, Alex Lyakas, Moshe Melnikov, and Vladamir Popovski as inventors. The company was represented by Patent Law Group LLP in the patent filing. Zadara Storage provides technology which allows enterprises to use cloud storage as if it were a typical enterprise storage array.

 
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Ceres Names Board Chairman

Tuesday, September 16, 2014

Thousand Oaks-based agricultural biotechnology developer Ceres said Monday that it has named Cheryl Morley as Chairman of its board of directors, and that former director Pascal Brandys has rejoined the company's board. Morley has been on the company's board since 2011. She was previously a VP at Monsanto, and also serves on the boards of Mercy Health System, Fleming Pharmaceuticals and the Missouri Botanical Gardens. Brandys is president and managing member of Biobank Technology Ventures, and had been on the company's board until March of 2014.

 
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Semtech Taps IBM Process For High Speed Microwave Chips

Tuesday, September 16, 2014

Camarillo-based analog and mixed signal semiconductor developer Semtech reported Monday that it is using IBM's 32nm SOI technology for its 64GSPS ADC and DAC cores, aimed at used in high speed, microwave systems-on-a-chip (SoC) products. The analog-to-digital and digital-to-analog cores are used as part of microwave radio systems. Semtech said the chips are being used by Northrop Grumman Corporation (NGC) as part of an DARPA project to develop next general microwave radio systems. Semtech said its chips will be available in November.

 
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PortTechEXPO | Wednesday, September 17, 2014

Crafted at the Port of Los Angeles | San Pedro, CA

The only maritime-oriented clean tech conference and exhibition on the
West Coast!

EXPLORE opportunities to bring innovative solutions to environmental
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CONNECT with decision makers in the maritime business and public sectors
DISCOVER new technologies through live demonstrations and displays
UNDERSTAND the challenges of continued sustainable growth
MEET the leaders who influence technology deployment


http://www.PortTechLA.org/EXPO | #PortTechEXPO


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SoCal IP Law Group LLP - Serving the IP Needs of Business

IP Litigation . IP Transactions . Patent & Trademark Prosecution . IP
Strategy .

Westlake Village . Santa Barbara . Irvine.

info@socalip.com 805-230-1350 www.socalip.com


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Key Information Systems Announces Key Cloud

Key Information Systems, a leading IT systems integrator and Premier
IBM Business Partner based in Agoura Hills, CA, announced the
availability of Key Cloud for users of cloud computing services.

Key's new cloud services are offered in conjunction with colocation,
managed services and Internet connectivity offerings.

To learn more about the Key Cloud, visit the Key Info website or
contact Pete Elliot at Key Information Systems, Inc., 30077 Agoura
Court, First Floor, Agoura Hills, CA 91301, USA, email
pelliot@keyinfo.com or call 1.818.737.2804.

http://www.keyinfo.com


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Early Stage Commercial Insurance - Pacific Unified Insurance Agency

We are a commercial insurance broker working with startup and early
stage technology and E-Commerce companies to implement cost effective
strategies for their insurance and risk management programs. We
provide guidance and strategic planning during various phases and also
advise regarding employee benefit structures to assist in employee
recruiting and retention. Coverage placements include D&O, Property,
Liability, Workers Comp, E&O, Cyber/Network Security and Employee
Benefit Programs.

Contact:

John Huttinger, CIC, CRM
Vice President
Ph#310-370-5000 Ext 3025 w Fx 310-370-5454
johnhuttinger@pacificunified.com


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PortTechEXPO | Wednesday, September 17, 2014

Crafted at the Port of Los Angeles | San Pedro, CA

The only maritime-oriented clean tech conference and exhibition on the
West Coast!

EXPLORE opportunities to bring innovative solutions to environmental
challenges
CONNECT with decision makers in the maritime business and public sectors
DISCOVER new technologies through live demonstrations and displays
UNDERSTAND the challenges of continued sustainable growth
MEET the leaders who influence technology deployment


http://www.PortTechLA.org/EXPO | #PortTechEXPO


Monday, September 15, 2014

Agent Ace: Using Algorithms To Help You Find A Real Estate Agent

Monday, September 15, 2014


In the age old world of real estate, it's often referrals, friends, door to door visits, and sometimes shopping carts which help connect home buyers and sellers with local real estate agents. However, Los Angeles-based Agent Ace (www.agentace.com) thinks is has a much better way to find the best real estate agent for you: software algorithms. We spoke with Mazen Fawaz, founder and CEO of the startup, to learn why the company thinks it can do a much better job of finding you a real estate agent, by digging through home sales data.

How does Agent Ace work?

Mazen Fawaz: We match homebuyers and sellers to the highest performing real estate agents for their transaction. That match is made mathematically. We mine historical home sales data, years and years of data, and determine who is the highest performer for a given type of house. We look at things like price range and geography, and type of house, and look at all agents who have done similar transactions and determine who has the highest probability of success. In other words, we help you find the agent who will sell your house the fastest and for the most money, based on their stats. It's much like the stats on a baseball player.

Why do you need a service like this, rather than the traditional process of asking around for recommendations?

Mazen Fawz: The result is really an economic impact on your deal. These people do sell homes faster, and sell them for more money....

 
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JibJab Buys Make Believe Studios

Monday, September 15, 2014

Los Angeles-based JibJab, the online greeting card company led by Evan and Gregg Spiridellis, has acquired Make Believe Studios, which runs a service called Hello Santa, which lets kids have live video calls with Santa Claus. Financial terms of the buy were not disclosed. Hello Santa's service---which runs only during the Christmas holiday--features Santa Claus talking with children via the Internet.

 
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Sidecar Finds $15M More To Expand Ridesharing Fight

Monday, September 15, 2014

It looks like the peer-to-peer marketplace for rides in Los Angeles is about to get a lot hotter, as one of the companies competing in the market--Sidecar said this morning that it has raised $15M more in funding. The company--which competes against such companies as Uber, Lyft, Flywheel, Taxi Magic, and others in region--said the funding came from Avalon Ventures, Union Square Ventures, and new investor Sir Richard Branson. Avalon Ventures is also based in San Diego. The company said it would use the funding to expand its Shared Rides feature and nationwide expansion.

 
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Mobolize's New App Reduces Data Plan Costs

Monday, September 15, 2014

Los Angeles-based Mobolize, a startup developing software which caches data on your phone to reduce the amount of data transfer on your cell phones--reducing data plan costs--has released a new app for Android. According to the company, its app reduces mobile data usage by as much as 20 percent, helping users to avoid overage charges and data costs. The startup is led by Philip Mustain (FrontBridge Technologies), David Cohen (Vantage Media), and William Chow (Stamps.com, Troika Networks). Mobolize's app learns what mobile apps and websites you use most often and automatically creates caches of commonly used data from those sites, to avoid the need to retrieve those same items from the Internet over and over.

 
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Qualcomm Acquires Euvision

Monday, September 15, 2014

San Diego-based Qualcomm has acquired European company Euvision, a developer of image recognition software, according to Euvision today. Financial terms of the buy were not disclosed. Euvision was based in The Netherlands. The deal was announced by Qualcomm Ventures on Twitter last week. Euvision's technology automatically sorts photos based on their content, and was spun off from the University of Amsterdam. Euvision was one of the winners of Qualcomm's annual QPrize competition.

 
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socalTECH: Nominations Open For The socalTECH 50!

Monday, September 15, 2014

Reminder: We're now taking nominations for the socalTECH 50, our annual list of the top 50, up-and-coming individuals in Southern California's technology!

We're looking to identify the individuals here in the technology industry, across all sectors, who are most likely to create the next big thing, produce the next big exit or to influence the industry in a significant way. If you'd like to nominate an individual (not company) for this award, we've just started collecting your nominations online. Nominations will close on Friday, October 10th.




Interested in sponsoring the awards? Socaltech is planning to recognize the Socaltech 50 in conjunction with the Digital Family Reunion in December. Contact Rachel Horning for more details on sponsoring the awards and the event.

 
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Boulder Electric Vehicles Shuts LA Facility

Monday, September 15, 2014

Boulder Electric Vehicles, a startup developing electric powered trucks, has shut down its production facility in Chatsworth, as the company looks for a buyer. The move was originally reported by The Daily News. The DailY News reports that the family laid off around 50 people at the Chatsworth plant as a result of the shutdown, as the company has "mothballed" its operations. Boulder Electric Vehicles had been developing medium- and light-duty electric trucks, aimed at the corporate and municipal market

 
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NantBioScience Ties With University of Colorado

Monday, September 15, 2014

Los Angeles-based NantBioScience, one of the companies out of the NantWorks family of companies founded by billionaire Dr. Patrick Soon-Shiong, said this morning that it has tied with the University of Colorado on developing a protein cancer fighting drug. According to NantBioScience, it is in a research collaboration and an exclusive worldwide licensing agreement with the University of Colorado for the development and commercialization of anti-cancer agents. Financial details of the deal were not disclosed. The two said that both the University of Colorado and NantBioScience will be conducting research activities together.

 
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