Tuesday, May 24, 2011
LAVA hosts PwC's Shaking the MoneyTree
LAVA hosts PwC's Shaking the MoneyTree
Thursday, May 26, 2011
6:00 PM to 9:00 PM
Location: Shutters on the Beach, 1 Pico Boulevard, Santa Monica, CA 90405-1063

Please join LAVA, PwC and a distinguished panel of industry experts and local VCs for their insights on the results of the Q1 2011 PwC/National Venture Capital Association MoneyTree Report based on data from Thomson Reuters.

See http://www.lava.org

Southern California Game Industry Incentives - May 26th - Glendale
Southern California Game Industry Incentives: A Conversation Between
Business and Government. Local game industry developers regularly
outsource work to other states and countries due to powerful incentive
programs promoting those locations. This raises a basic question. Is there anything we can do about it? Can we incentivize local companies to hire
locally? Can we give out-of-state and foreign companies incentives to
outsource their work here? Can local municipalities craft incentives that
make financial sense to both industry and government? Can we create
a Southern California Game Industry Incentive Program? Let's find
out. Join the discussion on May 26th in Glendale.

Thursday, May 26, 2011
Glendale Adult Recreational Center
201 East Colorado, Glendale, CA 91205
5:30pm - 11pm

Learn more at: http://igdala-may2011.eventbrite.com/

Insights and Opinions: If It Walks Like An Entrepreneur...

What is an entrepreneur? Gil Elbaz, founder of Los Angeles-based Factual, talks about entrepeneurship for our Insights and Opinions section.

One summer after my freshman year in college, I took a job selling high-end Kirby vacuum cleaners door-to-door. I thought it might be a good experience.
It was. I learned that based on my selling statistics (which were good, but not great), every non-sale got me 1/15th of the way toward a sale.
To stay super-motivated, I had to train myself (More info...)

posted on Tuesday, May 24, 2011(Full story)

Ebyline Signs Scripps TV, Adds Audio/Video
Los Angeles-based Ebyline, a startup which helps publishers find and manage freelancers, said today that it has added Scripps Television Station group as a customer, and the addition of audio/video capabilities to the service. The firm said the new video and audio allows publishers to find freelancers to produce multimedia content. The new effort is aimed at reaching TV and radio stations. Ebyline was co-founded by former newspaper execs Bill Momary and Allen Narcisse. Momary was at the Ventura (More info...)

posted on Tuesday, May 24, 2011(Full story)

AeroVironment Scores $8.4M Order
Monrovia-based AeroVironment, the developer of unmanned aerial vehicles, said Tuesday that it has scored a $8.4M order. The order is part of a follow-on contract with the U.S. Army. The firm said the order came for its Raven small unmanned aerial aircraft and spares. AeroVironment's Raven is being used by the military for reconnaissance, surveillance and target acquisition.

posted on Tuesday, May 24, 2011(Full story)

Activision Sets Call of Duty: Modern Warfare 3 Release
Santa Monica-based game publisher Activision said Tuesday that it has set the worldwide release date for Call of Duty: Modern Warfare 3 for November 8th. The new title is being developed by Infinity Ward and Sledgehammer Games.

posted on Tuesday, May 24, 2011(Full story)

Sonos Ties Into MOG
Santa Barbara-based Sonos, the wireless music system developer, has linked into another streaming music service, MOG. The firms said today that they have added the MOG service to the list of streaming audio services supported through the Sonos music system. The service is available as of today on Sonos systems. As part of the move, the two said they will offer up a 14 day free trial to Sonos users of the MOG service. Sonos already offers similar streaming from such services as Last.fm, Napster, (More info...)

posted on Tuesday, May 24, 2011(Full story)

Solarflare Gets $20.5M More
Irvine-based Solarflare, the developer of high speed, low latency 10GbE server adapters, has raised $20.5M, according to a regulatory filing from the firm today. Details on the funding--part of an ongoing, $24.1M fundraising effort--have not been announced by the company. The funding follows the exit of Solarflare from the 10Gbps Copper PHY market earlier this month. Solarflare sold those assets to an un-named semiconductor vendor--believed to be Marvell--and shifted its business away to the ser (More info...)

posted on Tuesday, May 24, 2011 (More)(Full story)

Marriage.com Launches Bridal Community
Los Angeles-based Marriage.com said today that it has launched its online bridal and marriage community. The firm, which was co-founded by Katrina Razavi, Justin Fredericks, and Vinod Sodha, says it is creating a "conversation and content" for the bridal and marriage community. The site includes answers to questions from brides about weddings, wedding planning, fashion, and more. Razavi and Fredericks were both previously at Shopflick. Marriage.com says it is looking to provide platform for coup (More info...)

posted on Tuesday, May 24, 2011(Full story)

AboutAirportParking.com Launches iPhone App
Los Angeles-based AboutAirportParking.com, which is run by Oversee.net, said today that it has launched a new, iPhone travel app. The firm said its new "AirportParking" app makes it easy to find discounted parking at more than 100 airports nationwide. AboutAirportParking.com is a part of Oversee.net's travel vertical, which also includes LowFares.com. The new app is free. Oversee.net operates a portfolio of domain parking services, domain monetization services, as well as marketing and leads sit (More info...)

posted on Tuesday, May 24, 2011(Full story)

Google Invests In Tehachapi Wind Project
Search engine giant Google is making more investments in Southern California energy, saying this morning that it has made a $55M investment to finance a wind project supplying power to Southern California Edison. Google said the investment will go to finance the Alta IV project at the Alta Wind Energy Center. The firm said the funding brings its total invested in energy to more than $400M. Citibank is also investing in the Alta IV project, which will add 102 megawatts of power to the 1,550 MW of (More info...)

posted on Tuesday, May 24, 2011(Full story)

Interview with Vic Caretti, Loudvine
Southern California--and particularly, Los Angeles--has always been a center of the music business, which makes it unsurprising that there are many, music-focused startups which end up starting here. One of them is online music events site Loudvine (www.loudvine.com), which was co-founded by Vic Caretti, who gave us the scoop on what the site is all about.

What is Loudvine?

Vic Caretti: It's pretty simple. The genesis of this, is it's all about the music. We're creating a platform that hi (More info...)

posted on Tuesday, May 24, 2011(Full story)

Insights: Ten reasons to start a company; ten reasons not to
Today's Insights and Opinions article comes from Megan Lisa Jones, an investment banker and investor, who says: yes, it's a bubble, and gives her top ten reason to start a company, and ten reasons not to.

LinkedIn valued at over $8 billion; Facebook at over $70 billion and star of a movie. Start up conferences and competitions. Rich valuations and venture capitalists throwing money at early stage companies. So not 2009. And, as I've argued before, not 1999.

Are we seeing a bubble? Sure (More info...)

posted on Tuesday, May 24, 2011(Full story)

Music Mastermind Gains $10.8M
Calabasas-based Music Mastermind, which is developing a music creation platform, said Monday that it has raised $10.8M in a Series B funding round. The round came from Intel Capital and Liberty Global, along with angel investors. Intel and Liberty contributed $6.8M to the Series B, with the remainder coming from the angels. Music Mastermind was founded by Matt Serletic, former Virgin Records Chairman and CEO. Music Mastermind said the funding comes on top of an earlier, $5M in funding it receive (More info...)

posted on Tuesday, May 24, 2011 (More)(Full story)

mobileStorm Adds New Execs
Los Angeles-based mobilStorm, the provider of mobile and email messaging services, announced today that it has added three new executives. The firm said it has added Gary Holderby as Vice President of Client Services, Joseph Shavit, as Vice President of Product Development, and promoted Beth Spiegel to Vice President of Sales. Holderby was previously at The CMI Group and Qualcomm; Shavit founded Canadian Apartments for Rent Online; and Spiegel has previously served at Starwood Hotel and Resorts (More info...)

posted on Tuesday, May 24, 2011(Full story)

BUMP.com Buys BumpChat
La Jolla-based BUMP.com, the social networking and mobile app firm which allows people to send messages to others based on their license plate, said today thati thas acquired BumpChat, a provider of location-based communication and dating apps. Financial details of the acquisition were not announced. BumpChat develops a communications and dating app which works on the iPhone and iPod touch. BUMP.com is headed by Mitch Thrower, and is backed by $2.2M in funding. The firm said it is in the midst o (More info...)

posted on Tuesday, May 24, 2011(Full story)

Prometheus Laboratories Acquired by Nestle
San Diego-based Prometheus Laboratories, a specialty pharmaceuticals and diagnostics firm, has been acquired by Nestle Health Sciences S.A., a subsidiary of Nestle S.A. Financial terms of the deal were not disclosed. The firms said that the buy will support Nestle's efforts to provide science-based nutritional solutions. Prometheus was founded in 1995, and was venture backed by DLJ Merchant Bacnking Partners, SPVC (managed by Split Rock), Sprout Group/New Leaf, Apax Partners, Pamlico Capital, an (More info...)

posted on Tuesday, May 24, 2011(Full story)

EQAL Raising $3.5M
Santa Monica-based EQAL, the producer of online content known for LonelyGirl15 and KateModern, is in the midst of raising $3.5M in a funding round, according to a regulatory filing by the firm Monday. The filing indicates the firm has so far raised $650K of the round from eight investors. The firm has previously raised funding from such firms and angels as Spark Capital, Conrad Riggs, Ron Conway, Marc Andreessen, and Georges Harik. The firm was founded by Miles Beckett and Greg Goodfried. The fi (More info...)

posted on Tuesday, May 24, 2011 (More)(Full story)

Accelrys Buys Contur Software
San Diego-based Accelrys, a developer of enterprise R&D software, said yesterday that it has acquierd Contur Software AB, a developer of electronic notebook software. Contur is based in Stockholm, Sweden. Accelrys said it paid approximately $13.1M in cash, including $0.5M in earn out, for Contur. Contur's products are used to replace paper notebooks in research and development laboratories.

posted on Tuesday, May 24, 2011(Full story)

Zumbox Rolls Out Appliance
Los Angeles-based Zumbox, the provider of Internet-based mail and bill delivery software and services, said Monday that it has rolled out a new, appliance based version of its service. The firm said its Zumbox Digital Postal Mail Gateway (DPM Gateway) will allow large organizations to sent materials to consumer households. Zumbox did not release pricing on the new appliance. Zumbox is headed by John Payne, the former CEO of Stamps.com. The firm has recently been focusing in on delivering bills a (More info...)

posted on Tuesday, May 24, 2011(Full story)

Broadcom Completes SC Square Acqusition
Irvine-based Broadcom said Monday afternoon that it has completed its acquisition of SC Square Ltd., the Israeli-based security software firm. Broadcom said it paid $41.9M net of cash assumed for SC Square Ltd. Broadcom said it would by SC Square on May 9th.

posted on Tuesday, May 24, 2011(Full story)

We Helped Twitter With Their Office Space, We Can Help You
We Helped Twitter With Their Office Space, We Can Help You

"PMI Properties was very accommodating to us as our landlord for our first large office space and understands the needs of rapidly growing tech companies like us" - Twitter Facilities Manager

PMI specializes in housing digital technology, software and media companies. We've hosted such companies as Twitter, Google, Scribd, Orbitz, Savings.com, Yammer, Eventbrite, and Razor Sharp. We know what resources startups need to succeed.

We currently have suites ranging from 1,000 to 31,000 square feet in Santa Monica, Marina Del Rey and Culver City. Please contact us to see our digital tech-friendly creative office spaces.

Call us at 310.476.1703

Vator Splash LA - May 26 - Los Angeles
On the evening of May 26, Vator will be holding its inaugural Vator Splash LA event at The Highlands Hollywood. This upcoming Splash will showcase 10 up-and-coming startups, prominent VCs and founders of the leading LA-based companies - Demand Media and ReachLocal. Hear Shawn Colo, co-founder and EVP of M&A at Demand Media, share his lessons and advice on building Demand from scratch in 2006 to one of this year's hottest IPOs. Shawn will also talk about the future of Demand. Hear Zorik Gordon, co-founder and CEO of ReachLocal, share his lessons and advice on building his startup since 2004 to become one of the hottest tech IPOs last year. With ReachLocal's recent acquisition to get into the daily deals business, Zorik will also address his view on the future of daily deals.

SocalTech has secured a great discount for our members. Use "SocalTech30" for a 30% discount on tickets: http://vatorsplashla.eventbrite.com/

CheckAlt Payment Solutions
CheckAlt Payment Solutions is a payment processing company providing Check21 services allowing businesses nationwide to utilize its eCheck and patented Remote Desktop Capture (RDC) systems to improve their top and bottom lines. The CheckAlt eCheck is the "email a check" solution that allows businesses from merchants and property managers to universities and non-profits to maximize cash flow and accounting accuracy.

Learn more about CheckAlt at their website, www.checkalt.com

Costello and Sons Technology Insurance Brokers
Insuring Innovation.

Deloitte Fast 500 Nominations Deadline June 4
Connect. Grow. Inspire.
Deadline to submit: June 4, 2011

Submit your nomination for the Deloitte’s 2011 Technology Fast 500. The Fast 500 is 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 2006 to 2010.

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

For more information, visit our Web site or contact lafast500@deloitte.com.

We look forward to your participation!

See: http://bit.ly/heUIxn

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