Monday, June 3, 2013
Zynga's Loss, SGN's Gain

The announcement Monday that Zynga is cutting 18 percent of its workforce is throwing a lot of talent onto the market, to the benefit of the company's competitors. One of those companies, Los Angeles-based SGN, is already benefiting from the turmoil over at Zynga, saying Monday afternoon that it has hired a new pool of talent from Zynga, including a number of artists, an executive, game designer, and UI/AX artist. SGN put out a list of hires today from Zynga's FarmVille and other teams, saying (More info...)

posted on Monday, June 3, 2013(Full story)

Surf Air Gets New Funding, FAA Clearance

Los Angeles-based membership-based airline Surf Air said today that it has raised a Series B round of funding, and also received its FAA Operating Certificate -- a huge step in getting the company's services off the ground. The startup, led by Wade Eyerly, has been working for the last year working on all the paperwork involved with FAA certification. Size of the funding round was not disclosed. Surf Air said the new funding came from Velos Partners and Base Ventures.

According to Surf Air (More info...)

posted on Monday, June 3, 2013(Full story)

Zynga Details Job Cuts
San Francisco-based Zynga has detailed the cuts at the company, saying it has laid off approximately 520 employees, or 18 percent of its global workforce. Those cuts have resulted in the shutdown of Zynga's Los Angeles office. Zynga is also cutting its Dallas and New York operations as part of the move. Zynga said the moves will save it an estimated $70M to $80M in pre-tax, annualized cash expenses. The move comes as Zynga said it expects a net loss in the range of
$39 million to $28.5 million (More info...)

posted on Monday, June 3, 2013(Full story)

SpaceX Test Fires New Rocket
Hawthorne-based SpaceX, the commercial rocket and spacecraft firm headed by tech mogul Elon Musk, has just fired off a test on a new, Falcon 9 rocket. According to Musk, in a tweet, the firm just had its first firing of its Falcon 9-R advanced prototype rocket, which has over 1 million pounds of thrust, enough to "life a skyscraper". The firing this morning by SpaceX is part of a series of tests SpaceX has been running on its rockets on its new, more powerful Merlin 1D engines--for use on the up (More info...)

posted on Monday, June 3, 2013(Full story)

Zynga Layoffs Hit LA Office
A widespread layoff at social games maker Zynga has hit Los Angeles, with around 55 employees being let go from the location, according to tweets from the company's employees. It appears that Zynga is closing its entire LA operation, according to reports. Overall, it appears Zynga is laying off 20 percent of its worldwide staff. The move is not surprising, given the wholesale departure of Zynga executives who have jumped ship to Los Angeles based videogame developer Scopely, to cloud storage fi (More info...)

posted on Monday, June 3, 2013(Full story)

PublishThis Ties Into WordPress
PublishThis, the developer of content management and publishing tools for online publishers and businesses, has tied into with a new WordPress Plugin, the company announced this morning. PublishThis, which is based in Los Angeles and headed by Matt Kumin, said it has launched a new plugin which allows businesses to discover, curate, and distribute content via WordPress, and in particular's "VIP" clients. As part of the release of the plugin, PublishThis has become a " (More info...)

posted on Monday, June 3, 2013(Full story)

Siemer Ventures Backs Southeast Asian Startup Incubator
Los Angeles-based technology investor Siemer Ventures has funded an investment firm in Southeast Asia, which is looking to invest in and create e-commerce and digital media companies in the Southeast Asia region. According to Ardent Capital, it received its first, external round of funding, which came from Siemer Ventures, Recruit Strategic Partners, and GMO Venture Partners. Financial details of that investment were not disclosed. Ardent Capital incubates and invests in companies, saying that i (More info...)

posted on Monday, June 3, 2013(Full story)

How OneRoof Energy's Solar Leases Save Money, Not Just The Planet

There's been a subtle--but very significant shift--in the solar power market in recent years, particularly in California, where it's actually cheaper in many cases to lease solar panels on your roof, than to pay the power company. One of the companies that has taken advantage of that is OneRoof Energy (, a San Diego company headed by David Field. OneRoof--which is backed by Black Coral Capital and others--has been supplying solar leases, financing and installing solar pan (More info...)

posted on Monday, June 3, 2013(Full story)

Hulu Bidding Hits $1B, DirecTV Among Top Bidders
Bidding for Los Angeles-based video streaming site Hulu is heating up, with the latest numbers being leaked on a deal saying that the company has received three bids worth at least $1 billion. According to multiple reports, Hulu has received bids from DirecTV and two other bidders, who offered up at least $1 billion for the company over the weekend. Hulu is being advised by Guggenheim Partners in an auction of the company.

posted on Monday, June 3, 2013(Full story)

Brighter Relaunches Up Front Dental Discounts Program, the online, upfront dental pricing and referral service based in Santa Monica, and headed by longtime Silicon Beach entrepreneur Jake Winebaum, has relaunched, swizzling its model away from a monthly membership program and towards direct, upfront pricing and referrals to local dentists. The startup, which had begun by offering up access to its network of dentists and discounted dental plans via a monthly subscription plan, now lets users directly find and book appointments with den (More info...)

posted on Monday, June 3, 2013(Full story)

Arcturus Therapeutics Gets $1.3M
San Diego-based Arcturus Therapeutics, which is developing RNAi therapeutics to treat disease, said this morning that it has raised $1.3M in a seed fudning round. The company said the round came from multiple, high net-worth private investors from the U.S. and Canada. Names of those investors were not announced. Arcturus Therapeutics is headed by Joseph E. Payne.

posted on Monday, June 3, 2013 (More)(Full story)

Mindspeed, Sequans Tie On LTE Reference Design
Newport Beach-based Mindspeed and LTE chipmaker Sequans Communications are in a collaboration this morning, saying that the two are working together on a Category-4 LTE fixed wireless gateway reference design. The companies said that Sequans is supplying an LTE base band chip, and Mindspeed is providing its Comcerto 2000 communications processor in the design. The companies are targeting equipment and device manufacturers looking to build fixed wireless gateways in the home and small business ma (More info...)

posted on Monday, June 3, 2013(Full story)

Acacia Names VP From Energy Industry
Newport Beach-based patent licensing firm Acacia Research Corporation announced this morning that it has named an energy industry executive as a Senior Vice President at the company. Acacia said it named Charlotte Rutherford to the position, to focus on monetizing energy technologies. Rutherford was most recently at Schlumberger Limited, and also has served at Colgate-Palmolive and Conoco; she also has served at Honeywell International, Gibbons, and Minerals Technologies (Pfizer), in addition to (More info...)

posted on Monday, June 3, 2013(Full story)

Stubbs Alderton & Markiles Brand Development & Content Protection Practice
Stubbs Alderton & Markiles, LLP is proud to announce its continued expansion in Los Angeles and Santa Monica with a new Brand Development & Content Protection practice group, headed by Anthony M. Keats.

The new group will be centered in its Santa Monica office.

Mr. Keats will co-chair the firmís newly-created Brand Development & Content Protection practice group and significantly expand the firmís already robust intellectual property and consumer brands practice. Also joining the firm as a partner and co-chair of the practice is Konrad Gatien, a seasoned attorney with an established trademark registration and enforcement practice; as well as associate, Stephen C. McArthur; and paralegal, Traci Escamilla.

Keats corporate clients have included Gucci, Michael Kors, Calvin Klein, Burberry, Seven for All Mankind, Kate Spade, Fendi, Frette, Versace, Balenciaga, New Line Cinema, Lucasfilm, Sony, Fox, Warner Bros., Paramount, Disney, Universal, Viacom, Comedy Central, Dreamworks SKG, Playtone, Amblin, Nike, Major League Baseball Properties, World Cup í94 Organizing Committee, Stanley Black and Decker, Energizer Battery, and Gillette.

To view the full press release click here:

To learn more about Stubbs Alderton & Markilesí new practice, go to:

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