Monday, July 23, 2012
PwC Emerging Company Zone
Visit the Emerging Company Zone, sponsored by PricewaterhouseCoopers, for access to the latest MoneyTree venture capital report; thought leadership articles, information on IPOs and more.

Los Angeles Accelerator Report Card: Too Early To Tell
There's been a surge in startup accelerator activity in Los Angeles in the last year, as interest in starting a company in the region has grown, and a wide range of experienced entrepreneurs and investors have pitched in to help companies get to the next level. But, how are those accelerators doing so far in terms of attracting capital and attention to Southern California startups? Anecdotally, the effect has been positive -- coverage on this publication, as well as others has ramped significant (More info...)

posted on Monday, July 23, 2012(Full story)

Insights and Opinions: Experience Is The Best Teacher
For our Insights and Opinions section today, Howard Marks, the founder of startup accelerator StartEngine, and co-founder of Activision argues: universities ought to be focusing themselves on creating entrepreneurs.

The old University of Bologne (founded 1088) created the first academic charter ensuring academic freedom within its boundaries. Since then, the university as we know it has come to mean any institution of higher education generally focused upon the rigorous learning of complex (More info...)

posted on Monday, July 23, 2012(Full story)

Quest Software Acquisition By Dell Passes Antitrust Review
The acquisition of Aliso Viejo-based Quest Software by Dell has gained approval from the Federal Trade Commission, according to the FTC, Dell is buying Quest for $2.4 billion, as it looks to bolster its software business. The deal is worth $28.00 per share in cash, and came after an extended bidding war between a private equity group led by Insight Venture Partners and a stealthy buyer--Dell--which only acknowledged the deal after winning the bid for Quest.

posted on Monday, July 23, 2012(Full story)

DTS Completes SRS Labs Buy
Calabasas-based DTS, the developer of surround sound and audio processing technology, announced today that it has closed its acquisition of Irvine's SRS Labs. The deal was worth approximately $148M, and had been announced in April. DTS was advised by Centerview Partners, DLA Piper LLP, and Gibson, Dunn & Crutcher LLP in the transaction. SRS Labs was advised by Covert & Co. and Paul Hastings LLP.

posted on Monday, July 23, 2012(Full story)

Nirvanix Taps NBCUniversal Vet For Chief Strategy Officer
San Diego-based cloud storage firm Nirvanix has snagged the former, Chief Software Architect of NBCUniversal as its new, Chief Strategy Officer, the company said this morning, Nirvanix said it has hired Dru Borden as its Chief Strategy Officer, to help spearhead its strategic business direction, the company announced today. Borden previously was at CBS and NBCUniversal, managing software architecture for those firm's enterprise applications and media platforms. e also has served at Andersen Cons (More info...)

posted on Monday, July 23, 2012(Full story)

StartEngine Launches New Class of 14 Startups
Los Angeles startup accelerator StartEngine has launched its third class, a new batch of fourteen startups which have set up shop in the incubator's Westwood Village space under the watchful eyes of Activision co-founder Howard Marks and investor Paul Kessler. According to StartEngine, the list of startups include (social marketplace for kids activities); Contur (email software client); DormInk (printer ink delivery); Enplug (interactive TV box); FitKit (subscription nutritional s (More info...)

posted on Monday, July 23, 2012(Full story)

Siminoff's POP Charger Project Blows Past Goal On Kickstarter
The POP Charger, the Kickstarter project run by former CEO Jamie Siminoff, has blown past its fundraising efforts on Kickstarter, and as of this morning has racked up over $66,000 in donations out of an original target of $50,000. Siminoff, a repeat entrepeneur better known for his angel and VC-backed startups, turned to Kickstarter last week to fund his latest project, a consumer electronics product which the project calls the "the largest portable device charger available" for (More info...)

posted on Monday, July 23, 2012(Full story)

CALIENT Technologies Raises $14.8M
Goleta-based Calient, a developer of 3D MEM-based, optical switching equiment, has raised $14.8M in a funding round, according to a recent regulatory filing by the firm. Details and source of the new funding was not announced. Calient's equipment is used for switching in high speed, optical networks. Calient's board includes representatives from Telesoft, Matrix Partners, and Wall Street Technology Partners.

posted on Monday, July 23, 2012 (More)(Full story)

Interview with Navid Nobakht, Recmnd.Me
As a hiring manager, and as the former CTO of, Navid Nobakht, Co-Founder of Recmnd.Me ( had a problem--how to really figure out if someone he was hiring could actually execute. We caught up with Navid --one of a number of executives to have recently departed after its acquisition a couple of years ago by Rakuten--to hear more about his new startup.

Describe what is all about?

Navid Nobakht: We are building an online recommendation system that focu (More info...)

posted on Monday, July 23, 2012(Full story)

LegalZoom Sets Estimated IPO Pricing Range
Glendale-based LegalZoom has moved one step closer to the public markets, saying in a filing this morning with the SEC that it is now estimating that its initial public offering price will be between $10.00 and $12.00 per share. LegalZoom said it will be offering a total of 8,000,000 shares of its stock -- made up of 3,800,000 shares from the company, and 4,200,000 from its shareholders -- in its IPO. LegalZoom has applied to list as LGZ on the New York Stock Exchange. LegalZoom is venture backe (More info...)

posted on Monday, July 23, 2012(Full story)

LuxeYard Gets Funding
Los Angeles-based LuxeYard, which operates a flash sales site focused on home furnishing and decor, said today that it has scored what it says is its first round of funding, to help expand in India. The company--which now is listed on the OTC markets--did not disclose the amount of funding, but said the funds came from Indian e-commerce entrepreneur Sashi Chimala, and local Los Angeles developer REGARD Venture Solutions. REGARD is the software incubator and development firm headed by Steve Beaur (More info...)

posted on Monday, July 23, 2012 (More)(Full story)

Esri Buys Maptel
Redland-based Esri, the developer of mapping and GIS software, said Friday that it has acquired Maptel, a mobile application development company based in Melbourne, Australia. Financial terms of the buy were not disclosed. Esri said the buy will help provide field data collection capabilities and mobile application development expertise to its team. Maptel will remain in Melbourne, Australia. Maptel apparently has been developing applications which connect with Esri's tools for a number of years (More info...)

posted on Monday, July 23, 2012(Full story)

Pratt & Whitney Rocketdyne Acquired By GenCorp
Canoga Park-based Pratt & Whitney Rocketdyne, the aerospace and defense manufacturer which develops rocket propulsion and engine systems, has been acquired by GenCorp in a deal worth $550M, the firms said this morning. GenCorp is acquiring Pratt & Whitney Rocketdyne from United Technologies Corporation. Pratt & Whitney supplies a range of systems to the government and commercial markets, including the main engines for the Atlas and Delta launch vehicles.

posted on Monday, July 23, 2012(Full story)

THQ Names Production VP
Agoura Hills-based THQ announced this morning that it has named Ron Moravek as its new Executive Vice President, Production. Moravek is the former co-founder and COO of Relic Entertainment, which he sold to THQ in 2004. He also served at Electronics Arts, Canada, and most recently was a senior advisor to security firm NuCaptcha.

posted on Monday, July 23, 2012(Full story)

MaxLinear Gets Set-Top Box Wins
Carlsbad-based MaxLinear, the supplier of radio frequency and mixed-signal integrated circuits, reported this morning that it has now has more than 40 confirmed design wins for its silicon TV tuner. The firm said the wins come for its MXL603 product, which is used for set-top box designs. MaxLinear did not say what kind of volume those wins translate into for its product, which is used for decoding digital TV signals.

posted on Monday, July 23, 2012(Full story)

Crowdfunding Presentation - July 23rd - College of the Canyons
Crowdfunding Presentation with Stubbs Alderton & Markiles, LLP

Join us for an indepth presentation on Crowdfunding

When: Monday, July 23 at 3pm
Where: University Center at College of the Canyons
Price: Free (Sponsored by the SBDC)

This presentation will provide an update on the latest developments in crowdfunding, including:
The implications to crowdfunding from the JOBS Act
How small businesses can use crowdfunding to raise funds for their business
Some of the restrictions and potential advantages and pitfalls of crowdfunding

SBDC and Stubbs Alderton & Markiles, LLP are pleased to announce that attorney Ryan Azlein will be our featured speaker.

Register online at: or call 661-362-5900 or email at

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TriNet: Top 5 HR Compliance Concerns for Small Business
As the economic horizon continues to shift and belts tighten, small and medium sized companies who typically have between 10 to 500 employees and represent 99.7 percent of all employer firms according to the U.S. Small Business Administration (SBA) may wind up being so focused on core business issues that they overlook one of their most potentially serious and costly issues human resource compliance.

Unlike their large-company counterparts, they lack the time and resources to build infrastructure and processes that are beyond core business objectives. But if entrepreneurs and smaller business owners are focused solely on growth and product, how do they know what issues to look for in order to protect the company? This is a must-read paper that discusses the top 5 HR compliance issues they may face.

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Ventura Ventures Technology Center (V2TC) - Business Incubator
The Ventura Ventures Technology Center (V2TC) is a high-tech business incubator located in downtown Ventura, CA. V2TC offers a creative environment where high-tech start-ups and entrepreneurs can network, brainstorm, and grow their business. Work-spaces are affordable, flexible and scalable in order to allow companies the ability to manage their growth effectively and efficiently.

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