Monday, February 13, 2012
Myspace Racks Up Registrations
Beverly Hills-based >Myspace is claiming growth in its users, saying that it has added over 1 million new signups to the service, after it launched a new Myspace Music Player. The online entertainment site--now owned by Specific Media--has been looking to revamp Myspace into a new, social service which combines music, links to Facebook, and music recommendation engine. Myspace says it is now adding around 40,000 new registrations a day, driven by its music player. Myspace has been undergoing an (More info...)

posted on Monday, February 13, 2012(Full story)

Luxtera Snags Trio Of Execs From Broadcom
Carlsbad-based Luxtera, the provider of CMOS chips for the photonics market, has snagged a trio of former Broadcom executives to the firm, the company said Monday. Luxtera said it named Josphe Balardeta as Vice President of Engineering, Chris Bergey as Viec President of Marketing, and Ron Horan as Vice President of Sales. All three were previously at Broadcom. Horan was a Senior Director of Sales at Broadcom, Bergey was in Broadcom's WLAN combo business, and Ballardeta also has served at AMCC, i (More info...)

posted on Monday, February 13, 2012(Full story)

Amazon Ramping Content Efforts In LA
Technology's big names appear to be rushing to tap into the wealth of talent and creativity in Los Angeles, with the latest firm being online e-commerce giant According to reports today, Amazon is looking to ramp its efforts in Los Angeles to develop original programming through its Amazon Studios initiatives. Based on a couple of recent job postings at, the company is looking to hire a positions geared at creating original programming for Amazon, based in Sherman Oaks, as (More info...)

posted on Monday, February 13, 2012(Full story)

Alelo Lands Ambassador Bremer For Board
Los Angeles-based Alelo, the USC spinout which is applying gaming technology to help teach languages and cultures to both the military and civilians, said last week that it has added Ambassador L. Paul Bremer, III, to its board. Bremer was most recently the American Ambassador to the Netherlands, Ambassador-at-Large for Counter-Terrorism, and Presidential Envoy to Iraq. Alelo, which is led by Dr. W. Lewis Johnson, is applying technology initially developed at the University of Southern Californi (More info...)

posted on Monday, February 13, 2012(Full story)

Wittlebee Launches, Headed by Sean Pervical, Backed by Science
Sean Percival, best known for founding Los Angeles tech blog lalawag, in addition to his work as an executive at MySpace, has booted up a new effort--Santa Monica-based Wittlebee, a new, online subscription service for baby supplies. The new effort emerged this week, revealing that it is backed by Science, Inc., the digital business incubator/studio headed by former MySpace CEO Mike Jones. Wittlebee is the third company from Science inc. to launch in the last few weeks, and the second, e-commerc (More info...)

posted on Monday, February 13, 2012(Full story)

Interview with Kevin Hell, EvoNexus
A couple of weeks ago, twelve companies moved into the new downtown San Diego, EvoNexus incubator--which is run by CommNexus. Running that effort is Kevin Hell, the founder of DivX, who we caught up with to learn more about EvoNexus and how the group is trying to help grow technology startups in San Diego.

We'd love to learn about EvoNexus and what you are doing - can you talk about the program a little bit?

Kevin Hell: What makes EvoNexus unique, is that it is--as far as we know--the only (More info...)

posted on Monday, February 13, 2012(Full story)

Meet us at StartEngine Wednesday
Interested in getting into one of the local startup accelerators? We're helping Los Angeles-based StartEngine screen possible startups this Wednesday at their offices all day.
If you'd like to be considered to pitch us at StartEngine, submit your application on their site today. They'll let you know Tuesday if you've got a slot in the pitch lineup. StartEngine is the startup accelerator headed by Howard Marks, the co-founder of Activision, which invests up to $20,000 in startups and helps them (More info...)

posted on Monday, February 13, 2012(Full story)

Broadcom Launches 5G Wi-Fi Chips
Irvine-based semiconductor maker Broadcom announced a new set of Wi-Fi chips today, supporting the new 802.11ac standard. The firm said its 5G Wi-Fi system-on-a-chip (SoC) is based on the new 802.11ac standard, and provides three times faster wireless access and better power efficiency that prior wireless standards. Broadcom said it is aiming at enterprise and carrier class access points, branch office routers, and business-class, integrated services routers with the new chip. The firm said it i (More info...)

posted on Monday, February 13, 2012(Full story)

OpenX Hits Profitability, Nears $100M In Annual Revenues
Los Angeles-based OpenX, the developer of online advertising serving software, reported today that it has achieved its first full quarter of profitability, and is has exceeded an annual run rate of $100M. OpenX develops online ad serving software, which is used by web publishers to display web advertising. OpenX, which is headed by Tim Cadogan, said it served more than one trillion ad impressions during 2011. The company said the fastest are of growth for the company was in its online ad exchang (More info...)

posted on Monday, February 13, 2012(Full story)

Eucalyptus Launches Bay Area Test Lab
Santa Barbara-based cloud computing software firm Eucalyptus has opened up a new, cloud testing lab in the Bay Area, the firm said today. The developer of cloud management and computing software said the new lab will be based at the CoreSite Bay Area data center. CoreSite said the Eucalyptus lab will provide secure, fully functional, hosted infrastructure to allow Eucalyptus' customers to validate and test their cloud applications. Eucalyptus is venture backed by Benchmark Capital, BV Capital, a (More info...)

posted on Monday, February 13, 2012(Full story)

Local Corporation Names New VP
Irvine-based Local Corporation, which operates a network of online local business guides and related services, said today that it has named Peter Change as Vice President of Consumer Properties. Chang joins the company from BUZZMEDIA, where he was VP of Yield Management. Chang also has served at Freedom Interactive and IAC/InterActiveCorp.

posted on Monday, February 13, 2012(Full story)

Shaking the MoneyTree 2012
Please join PwC, the Los Angeles Venture Association, and a distinguished panel of venture capitalists and industry experts for their insight into results of the MoneyTree Report.

The MoneyTree Report is a quarterly study of venture capital investment activity in the United States. As a collaboration between PwC and the National Venture Capital Association, based upon data from Thomson Reuters, it is the only industry-endorsed research of its kind. The MoneyTree Report is a staple of the financial community, relied upon by entrepreneurs, government policymakers and the business press worldwide.

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