Monday, November 29, 2010
LAVA hosts PwC's Shaking the MoneyTree
Thursday December 2, 2010
5:30pm - 8:30pm

The Athenaeum at CalTech, 551 S. Hill Avenue Pasadena, CA 91106

Please join LAVA, PwC and a distinguished panel of industry experts and local VCs for their insights on the results of the Q3 2010 PwC/National Venture Capital Association MoneyTree Report based on data from Thomson Reuters.

Moderatored by Randy Churchill, Director, Emerging Company Services, PwC; panel includes John Babcock, Partner, Rustic Canyon Partners; Jonathan Funk, Managing Director, Allegis Capital; Klaus Koch, Managing Partner, Vicente Capital Partners; and Al Schneider, Co-Founder and Vice Chairman, Pasadena Angels.

Register at

Comcast Takes Aim At Online Videos
Cable provider Comcast appears to be taking aim at online video sites, and has demanded that Internet Service Provider Level 3 pay the company fees in order to transmit Internet online movies and other content to Comcast customers. The move, which has big potential ramifications for online video sites like Hulu, streaming video services from Netflix, and others, Level 3 said that Comcast had demanded fees for transmitting content which competes with its own, cable TV and Xfinity delivered conten (More info...)

posted on Monday, November 29, 2010(Full story)

Awarepoint Raises $3.2M
San Diego-based Awarepoint, a developer of real time, location monitoring systems for hospitals, has raised another $3.2M in capital, according to a recent regulatory filing by the firm. The filing indicates current investors Venrock, JAFCO, and Cardinal Partners were among the investors. No details on the funding have yet been announced by the company.

posted on Monday, November 29, 2010 (More)(Full story)

Sprint Rolls Out 4G In Los Angeles
Sprint said today that it has officially opened up its 4G wireless network in the Los Angeles area, which it says will provide mobile web browsing at speeds up to 10 times faster than its 3G network. According to Sprint, it will be offering up a range of 4G capable devices in Los Angeles. The 4G launch for Sprint comes on the same day that 4G provider Clearwire also opened up access; both are deployment and launch partners in the 4G market, with Clearwire offering up its 4G network to Sprint as (More info...)

posted on Monday, November 29, 2010(Full story)

Central Desktop Names Marketing VP
Pasadena-based Central Desktop, the online project management and social collaboration software provider headed by Isaac Garcia, said today that it has named Linda Souza as its Associate Vice President of Marketing. Souza joins the firm from Everbridge, where she headed integrated marketing communication, lead-generation and product marketing activities. Souza has also served at Ariba/FreeMarkets.

posted on Monday, November 29, 2010(Full story)

EQAL Powers Site For Earth Balance, Whole Foods Market
Los Angeles-based EQAL, the social entertainment and media firm known for lonelygirl15, is powering a new web site for Earth Balance and Whole Foods Market. According to Earth Balance, it is launching a new holiday bakeoff will allow home bakers a chance to win prizes and have their recipes featured on Whole Food's web site. Earth Balance is a provider of nut butters, butter spreads, and shortenings. No financial details of the effort were announced. It appear (More info...)

posted on Monday, November 29, 2010(Full story)

Interview with Kinetic Traction Systems
Earlier this month, Kinetic Traction Systems, Inc. (KTSi) announced it had acquired the rail assets of Pentadyne Power, and set up shop targeting the use of flywheel technology in the rail market. To get the story behind KTSi, we spoke with Dick Newark, CEO of the company, Chandler Williamson, CMO; and Rudy Lautz, CFO. (Photo courtesy KTSi: left, Dick Newark, middle, Rudy Lautz, right, Chandler Williamson).

Let's talk about the technology first, and how it works?

Chandler Williamson: The t (More info...)

posted on Monday, November 29, 2010(Full story)

Black Friday Sales Up 9 Percent To $648M, Says Report
The latest numbers from Internet measurement firm comScore find that e-commerce sales this year are surging, totaling $648M in online sales on November 26th. so far the heaviest online spending day to date in 2010. comScore, which tracks Internet traffic and e-commerce trends, said that sales on Black Friday were up 9 percent compared with last year. This year, there was also a big growth in sales on Thanksgiving, with $407M in purchases versus $318M last year, a 28 percent increase. For the hol (More info...)

posted on Monday, November 29, 2010(Full story) Claims Record Black Friday Sales
Aliso Viejo-based reports that it had its best Black Friday performance in company history. According to, it saw more than 45 percent year-over-year sales growth on its web site in Black Friday shopping. Actual financials for the day were not released. said the increase came due to its third-party, marketplace efforts, which it said grew more than 100 percent compared to last year.

posted on Monday, November 29, 2010(Full story)

CLEAR 4G Opens In Los Angeles
4G wireless service provider Clearwire said Sunday that today is the official opening of its 4G wireless network in Los Angeles. Clearwire said its CLEAR 4G wireless network is available today in Los Angeles, covering about 11 million people in the region, with coverage ranging from Irvine to West Hills. CLEAR starts at $35 a month for home service, with mobile plans starting at $45 a month. The service also offers us a combination dual mode, 4G/3G modem which gives broadband access via both its (More info...)

posted on Monday, November 29, 2010(Full story)

JAKKS Pacific Launches Xbox 360 Kinect Accessory
Malibu-based toy manufacturer JAKKS Pacific said this morning that it is launching a line of plush toys that interact with the Microsoft Kinect for Xbox 360. According to JAKKS Pacific, it is in a licensing agreement with Microsoft to manufacture interactive plush toys that interact with the Kinectimals video game for Kinect. The first two toys in th eline will be King Cheetah and Maltese Tiger, which will sell for $59.99 at select game retailers.

posted on Monday, November 29, 2010(Full story)

PRTechConnect – You’ve Got News, Now Get Heard
Put your business on the map with national news coverage and blog buzz for only $999 a month. PRTechConnect leverages the resources of a full-service LA-based PR firm to distribute your news directly to a customized, targeted list of reporters and editors in print, broadcast and online media.

"In the first three days our little-known electric car startup had over 2,800 search results on Google. We got articles in local papers, Automotive News, the major automotive blogs, and interview requests from ABC, CBS, NBC and The Wall Street Journal," said Farida Fotouhi, President, Reality2 LLC. "Calls also came in from potential strategic partners and investors."

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