Wednesday, June 9, 2010
Need Office or Tech Space? Think Glendale
Need Office or Tech Space? Think Glendale

Glendale is an ideal location for locating your high tech startup,
offering benefits like:

- Centrally located and easily accessible via four freeways
- No business license fee or gross receipts tax
- A small but growing contingent of tech firms
- Lower rents on average for office, industrial space
- Educated workforce with higher education nearby
- Vibrant downtown with a variety of dining, shopping and entertainment
- Safe/secure working environment

Learn more at

Walmart Stake In Green Dot Most Likely Worth $71.2M
A regulatory filing today from Monrovia, California-based prepaid debit card provider Green Dot indicates that the firm recently issued $71.18M in its stock, as part of a commercial agreement--most likely part of the stock recently issued to retail giant Walmart, as part of a renewed distribution deal in May. Green Dot had revealed through an S-1 filing earlier this month that it had issued 2,208,552 shares of its common stock to Walmart as part of a renewed distribution deal with Walmart, its b (More info...)

posted on Wednesday, June 9, 2010(Full story)

Otonomy Takes $10.5M
San Diego-based Otonomy, a biopharmaceuticals firm developing drug therapies to treat inner and middle ear disorders, has raised $10.56M as part of an ongoing, $26.0M fundraising effort, according to a regulatory filing by the firm. Source of the new funding was not disclosed, however, one of its founders, Jay Lichter, is at San Diego venture firm Avalon Ventures, which has previously backed the company.

posted on Wednesday, June 9, 2010 (More)(Full story)

Soraa Names Former Intel CMO As President, CEO
Goleta-based Soraa, the Khosla-backed startup started by LED pioneer Shuji Nakamura and other professors at UCSB, announced today that it has named Eric Kim as the firm's President and CEO. Kim was most recently intel's Chief Marketing Officer and head of global Sales and Marketing. Kim also has served as an executive vice president at Samsung. Along with the appointment of Kim as President and CEO, the company said it will move its corporate headquarters to Fremont, California. Soraa is commerc (More info...)

posted on Wednesday, June 9, 2010(Full story)

DR Technologies Lands $4.5M More From Private Equity
San Diego-based DR Technologies, a firm which designs, engineers, and manufactures composites for commercial, military, and scientific satellites and other space systems, has raised $4.5M in a follow-on investment. The investment came from Los Angeles private equity firm Nogales Investors. According to Nogales, the investment will go to grow DR Technologies core space market. Nogales also highlighted DR Technologies' involvement in the space solar power business. Nogales has owned DRT since Febr (More info...)

posted on Wednesday, June 9, 2010 (More)(Full story)

Insights and Opinions: Social Media Goes Medieval
For today's Insights and Opinions piece, we have an article from social media strategist Drew Mehl, who talks about why social media is so important in today's high tech world:

Humans are wired as social creatures. We thrive on interaction with each other. Particularly with respect to conducting commerce. There’s certainly no great revelation in that fact. Since the first public market or back alley bazaar, we have had the ability to look people in the eye and establish a bond of trust…or at (More info...)

posted on Wednesday, June 9, 2010(Full story)

RotoHog Partners With Hi5
Los Angeles-based RotoHog is in a partnership with social networking site Hi5, Hi5 announced last night, and is using RotoHog to power a new fantasy sports game called 2010 World Futbol Challenge. hi5 said that the game is the first-ever, fantasy sports game to published on the site, and that the game will allow its users an opportunity to play along with their favorite countries during the South African, 2010 World Cup. hi5 said the game is currently available on the site, and will be feature o (More info...)

posted on Wednesday, June 9, 2010(Full story)

MaxLinear Hits 100M Tuner IC Shipments
Carlsbad-based MaxLinear, a developer of radio frequency, analog, and mixed-signal semiconductors, said today that it has now shipped more than 100 million of its TV tuner ICs. The firm said the shipment numbers come as a result of its penetration into the cable and terrestrial TV markets. MaxLinear's semiconductors are used for televisions and set-top boxes. The firm had said a year ago that it had shipped 50 million of the deviecs. MaxLinear is one of the venture-backed firms which successfull (More info...)

posted on Wednesday, June 9, 2010(Full story)

Interview with Adam Bernhard, HauteLook
Last week, Los Angeles-based HauteLook (, an online private sales site, scored a major round of funding--raising $31M from Insight Venture Partners. To understand why investors are finding the firm so interesting, and why the company raised such a large round, we spoke with Adam Bernhard, CEO of the firm, about the company and funding, how email has allowed the firm to get past the "Google trap" of marketing on the web, and where the firm is going.

Adam, thanks for the time. (More info...)

posted on Wednesday, June 9, 2010(Full story)

PC Mall Buys Network Services Plus
Torrance-based PC Mall, the online retailer of PC products, said today that its subsidiary Sarcom has acquired substantially all of the assets of Network Services Plus, Inc (NSPI), a provider of hosted data center and managed IT services. The deal was worth $7.8M plus the extinguishment of debt worth approximately $1.3 million. NSPI serves the southeastern United States, and had approximately 73 employees, all of whom have joined Sarcom except NSPI founder Ted King, who is leaving the firm. PC M (More info...)

posted on Wednesday, June 9, 2010(Full story)

Xirrus Snags Sales Exec From Juniper
Thousand Oaks-based Xirrus, which develops Wi-Fi networking equipment, said today that it has hired Hayley Tabor, the former Senior Vice President of U.S. Enterprise Sales for Juniper Networks, as its new Vice President of Worldwide Sales. Tabor has also served at CA. Xirrus said that Tabor will be responsible for expanding the firm's sales team and opening up new geographies. Xirrus is headed by Dirk Gates.

posted on Wednesday, June 9, 2010(Full story)

Total Immersion Wins Army, Air Force
Los Angeles-based Total Immersion, the developer of augmented reality software run by Bruno Uzzan, said this week that both the U.S. Army and Air Force are using the firm's technology. According to Total Immersion, the U.S. Army is using Total Immersion for an augmented reality entertainment game which allows users to race against MRAP and Stryker armored vehicles via the web and at certain NASCAR events. The game is part of the U.S. Army's recruiting efforts. For the Air Force, Total Immersion (More info...)

posted on Wednesday, June 9, 2010(Full story)

Costello and Sons Technology Insurance Brokers
Insuring Innovation.

Deloitte Technology Fast 500 - Call for Nominations!

Submit your nomination for the Deloitte's 2010 Technology Fast 500, a
list of the 500 fastest growing technology, media, telecommunications,
life sciences, and clean technology companies in the United States and
Canada based on percentage revenue growth from 2005 to 2009.

Your placement on the Technology Fast 500 means increased recognition
from business and financial communities, positive media coverage and the
opportunity to celebrate your company's fast growth. Companies from the
Southern California area that make the Fast 500 list will be honored at
an awards event in the fall.

For more information, visit or email

SoCal IP Law Group LLP - IP Counselors For Technology Companies
>> Focused on high tech's unique needs
>> Pragmatic cost-effective IP portfolio management
>> U.S. and international patent and trademark procurement
>> IP Litigation
>> IP Licenses and Agreements: distribution, development, joint venture
>> Intellectual property aspects of mergers and acquisitions

310 N. Westlake Blvd., Suite 120, Westlake Village, CA 91362
735 State St., Suite 211, Santa Barbara, CA 93101 -

Sponsored By


Recent Interviews

Browse Issues