Wednesday, May 8, 2013
Get the latest PwC SoCal MoneyTree Report!
Are you interested in understanding the latest trends in venture capital
investments in Southern California? Want to know how the region did in
terms of venture capital in Q2 of 2013? PwC has just posted the results of the
Q1 2013 Southern California venture deals, in its Shaking The MoneyTree
presentation and update from HJ Paik, Director, Emerging Company Services

Download it today for free!

Midas List: Cornerstone OnDemand, Green Dot Help VCs
Forbes Magazine has released its latest Midas List, its listing of the top venture capitalists, and--once again--Southern California's venture capitalists have been shut out of the list. However, two, Southern California firms drove the inclusion of two other, venture capital investors on the list--Michael Moritz of Sequoia Capital (for his investment in Monrovia-based Green Dot), and Byron Deeter of Bessemer Venture Partners (for his investment in Los Angeles-based Cornerstone OnDemand). Forbes (More info...)

posted on Wednesday, May 8, 2013(Full story)

Boingo Expands Wi-Fi Network In China
Los Angeles-based Wi-Fi provider Boingo Wireless has expanded its coverage in China, saying Wednesday that it has added Guangzhou Baiyun International Airport (CAN), Shanghai Pudong International Airport (PVG) and Shanghai Hongqiao International Airport (SHA) to its network. Boingo said the addition of the airports means it offers its Wi-Fi serviecs at four of the top five most highly trafficked airports in the country, serving more than 195 million travelers annually. Boingo operates an extensi (More info...)

posted on Wednesday, May 8, 2013(Full story)

BLANKSPACES Aims At Downtown LA With Crowdfunding Effort
BLANKSPACES, one of the original coworking spaces in the Los Angeles area, told its supporters today that it is looking to open up a new space in downtown LA--if it can raise enough money through a crowdsourcing effort. BLANKSPACES, in a crowdfunding effort posted on Crowdfunder, said it is looking to raise at least $35,000 to bring coworking to downtown Los Angeles. The company said the funding will add data cabling, Wi-Fi access points, phones, displays, printers, audio-visual, and more to a 7 (More info...)

posted on Wednesday, May 8, 2013(Full story)

Chromatik Raises $5.7M For Music Software
Chromatik, the music software company which is revolutionizing sheet music, has raised $5.7M in funding, part of an ongoing $8.8M fundraising effort by the company, according to a regulatory filing by the firm. The Santa Monica startup, which is led by Matt Sandler, develops iPad applications which replace paper sheet music, and which has been rapidly been adopted by musicians. Details on the new funding have not yet been announced by the company, which has previously raised funding from 500 Sta (More info...)

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PriceGrabber Launches Awards Program
Online comparison shopping service PriceGrabber has launched a new, annual awards program, the firm announced today. PriceGrabber said its new "Highest Rated Merchant Awards" will honor retailers who receive outstanding ratings and reviews on its site, across a number of categories. PriceGrabber said that retailers winning awards include B&H Photo-Video (checkout experience), Crutchfield (shipping and delivery), (price), and (overall shopping experience). PriceGrabber allows (More info...)

posted on Wednesday, May 8, 2013(Full story)

Atlas Launches Mobile Appointments App
Wish you had a better calendar app? Los Angeles-based GetAtlas has launched its mobile apps for iOS and Android into beta this week, looking to make it easier for users to track and schedule their appointments and calendar. The Launchpad LA company, which has raised $700,000 form such investors as the Tech Coast Angels, Maverick Angels, Pasadena Angels, Angel Capital Entrepreneur Fund, Clark Landry, and Yuri Pikover, made a big media push yesterday on the launch of its apps. Launchpad's apps pro (More info...)

posted on Wednesday, May 8, 2013(Full story)

MaxLinear Gets Design Win At Technicolor
Carlsbad-based RF semiconductor developer MaxLinear says today that it has scored a design win with Technicolor. MaxLinear, which develops integrated radio frequency (RF) and mixed-signal ICs used in the communications market, said that one of its cihps has been used for a high definition, set-top box for the Latin American market. shipment volumes and financial impact of the win was not disclosed. MaxLinear said its chips are being used in a direct-to-home satellite service in Latin America, wi (More info...)

posted on Wednesday, May 8, 2013(Full story)

Getting To The Next Level In Cloud Storage, With IDrive

Cloud storage is a competitive market, with dozens of cloud storage providers hoping to gain a big chunk of the market. Companies like Dropbox, Microsoft, Google, and many others are setting the standard for those cloud services. So, if you're a cloud storage provider, how do you get to the next level in terms of your service and company? We spoke with Raghu Kulkarni CEO/Founder of Pro Softnet Corp. parent company of IDrive (, to learn about his company's online backup and sync (More info...)

posted on Wednesday, May 8, 2013(Full story)

Lumena Pharmaceuticals Gets $23M
San Diego-based Lumena Pharmaceuticals announce today that it has raised $23M in a Series A funding round, to go towards developing oral therapeutics for rare liver diseases. The funding came from Pappas Ventures, RiverVest Venture Partners and Alta Partners. According to Lumena, the new funds will go towards clinical development of its lead product candidate, which is aimed at treating cholestatic liver disease in pediatric and adult patients. Lumena said it has added David R. Savello of Pappa (More info...)

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Corent Technology Debuts New Software
Aliso Viejo-based Corent Technology, the developer of software which makes it easier for companies to port their software to the software-as-a-service model, said Tuesday that it has released a new product. The firm said it has released SurPaas, which it called a "SaaS-Enablement" software platform to make it easier for companies to make their software available via software-as-a-service. The company said its technology allows companies to make their applications available via SaaS without the t (More info...)

posted on Wednesday, May 8, 2013(Full story)

National Technical Systems Wins Smart Energy Company
Calabasas-based testing and engineering services firm National Technical Systems has signed up the developer of smart energy devices, the company announced today. NTS said that Tendril, a developer of smart energy monitoring devices and systems, has tapped the company as the exclusive test lab for a certification program. NTS said it will execute testing of smart energy devices from third party manufacturers, to verify they work with Tendril's platform. Financial impact and details of the deal w (More info...)

posted on Wednesday, May 8, 2013(Full story)

TVC Capital LLC
TVC Capital LLC (
Investments in and Acquisitions of Growing Software Companies

Splash LA - May 30th - Hollywood Roosevelt
Calling all entrepreneurs and investors: Vator Splash LA is being held on
the evening of May 30 at the famed Hollywood Roosevelt.

So save the date. Use "Socal15" on any of the tiers. You can register

What do Peter Thiel, Mark Pincus (Zynga), Aaron Levie (Box), Brian
Sharples (Home Away), Tim Westergren (Pandora),Dick Costolo (Twitter)
have in common? They've all spoken at Vator Splash, sharing their advice on
what it takes to build a startup. Vator Splash is the only event dedicated to helping entrepreneurs learn from seasoned and successful entrepreneurs so you can learn from their mistakes and be energized by their determination and will to succeed. It is an event that inspires.

Vator is href="">now taking
applications to find promising startups (must have not
raised more than $2M in financing). It's free to enter. Even if you're
not raising funds, it's a great stage to get exposure and access to an
incredibly high-profile group of investors and entrepreneurs. There's
also $25k-plus in prizes and sit-down meetings with top VCs.

Register today!

Fetch Recruiting, Inc.
Fetch Recruiting, Inc. (
Technical Recruiting for LA based Startups and High-Growth Companies

VC in the OC - May 22 - Hyatt Regency Irvine
One of the largest investor and entrepreneur gathering in Southern California. This year's advanced registrations are ahead of 2012's record attendee pace. Don't miss it.

Keynotes from Vinny Smith (sold Quest Software to Dell for $2.4B), Mark Suster (GRP Partners), and Brendan Iribe (CEO, Oculus VR. One of Southern California' hottest startups).

Investment presentations from 16 Series A to Series D tech, life science, and cleantech companies.

All entrepreneurs in attendance can participate in VC/Investor Speed Dating.

Learn from and engage with the discussion panels on Crowdfunding, Private Equity, Big Data, and Medical Devices.

Showcase displays from over 80 startups.

See all the details and register today:

TechCXO - New Los Angeles Office To Serve Technology Companies
TechCXO, a leading provider of C-Suite-level strategic and functional
consulting services for technology companies, has announced it is opening
a new office to serve Greater Los Angeles, including greater Santa
Barbara and Ventura Counties.

The firm has tapped veteran operational and financial expert Paul Meyer
to be the managing partner for TechCXO’s efforts here.Paul Meyer is an
experienced finance executive with a 25-year track record in senior
finance roles at start-up and Fortune 500 technology companies in
Southern California. For the past six years, he has run a successful CFO
consulting practice, focused on early stage to mid-market technology
companies in the greater Santa Barbara and Ventura County areas. Most
recently, he has been the CFO of Cynvenio Biosystems, Inc., an early
stage medical device company. He was also Interim General Manager of
their plastic consumables manufacturing business, BioMolded Products LLC.

To learn more about TechCXO and Paul Meyer, go to:

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