Tuesday, June 4, 2013Dealstruck Looks To Crowdsource Business LoansIn a new twist on the crowdfunding space, a new startup, Dealstruck, said it has launched a new service to help small businesses find business loans from investors. The San Diego startup, which is headed by Ethan Senturia and was co-founded by Russell McLoughlin, said it is aiming at businesses seeking expansion capital, and helping them connect with accredited investors. The startup said it is looking for businesses seeking $50,000 to $1M in capital, and is matching those businesses with secure (More info...)
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QLogic Chops Staff In RestructuringAliso Viejo-based storage and networking products firm QLogic said Tuesday that it has cut its workforce as part of a restructuring plan, which it says will help it drive long term profitable growth. Size of the cuts wre not announced ,however, QLogic said it expects the cuts will help it save approximately $20M in cash annually. QLogic said it will take a pre-tax GAAP charge of between $20M and $23M in connection with the restructuring.
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Amazon.com Plans Grocery Delivery In Los AngelesE-commerce giant Amazon.com is getting ready to start providing fresh grocery delivery in Los Angeles, according to reports Tuesday. In a report, Reuters said that Amazon plans to offer up its grocery business in Los Angeles as early as this week. Amazon is currently only offering those delivery services under the AmazonFresh name in Seattle. The expansion plans apparently are part of a move by Amazon to provide grocery delivery across the nation. Los Angeles is no stranger to home grocery deliv (More info...)
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The Gores Group Buys France Telecom Orange Subsidiary EtraliLos Angeles-based private equity firm The Gores Group has acquired Etrali, a subsidiary of France Telecom Orange. Etrali is a provider of voice and electronic trading infrastructure for the trading community. Financial terms of the buy were not disclosed. According to Gores Group, Etrali will become Etrali Trading Solutions. Etrali's electronic trading products are used in the financial markets.
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Enervee Tops 50,000 ProductsEnervee, the online energy efficiency and electronics comparison site headed by Matthias Kurwig, told its users today that it now has over 50,000 products listed on its site. The company said the expansion came due to increased coverage of its AC, dryer, and TV products, as well as other categories. Enervee, which is based in Santa Monica, provides an "Enervee Score" to help consumers purchase and choose appliances and other products based on their energy efficiency and energy costs. The expande (More info...)
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DAQRI Finds $15M For Augmented Reality TechnologyLos Angeles-based Daqri, a developer of augmented reality technology, announced this morning that it has raised $15M in a private equity funding. The funding came from Tarsadia Investments. DAQRI said that Troy Carter, founder of the Atom Factory, joins the company's board with the funding. DAQRI says its customers include Twentieth Century Fox, Matchbox Twenty and SONY, who hae used the company to bring to life a "4D" experience on their DVD covers, books, and more. DAQRI is headed by Brian Mul (More info...)
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Scopely Dangles Chance At Trip For Zynga RecruitsEver wanted to see one of the seven wonders of the world? Scopely is dangling a chance to win a free trip to one of the seven wonders of the world, to anyone who helps recruit Zynga developers to the company. In a twitter posting, Scopely said it is looking for developers from Zynga's New York and Los Angeles offices to join the videogame developer. Scopely is one of a large number of companies now eyeing former and current Zynga employees, on news that Zynga cut 520 employees yesterday. Scopely (More info...)
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Dollar Shave Club Expands Product LineLos Angeles-based Dollar Shave Club, is going where no man has gone before: it's launched a new product, called One Wipe Charlies, for, um... wiping. In another humorous, irreverant video, Dollar Shave Club's founder Michael Dubin, pitches the new wipes, saying it's "the softest, fastest, manliest way to wipe your a***". Dollar Shave Club is backed by Kleiner Perkins Caufield & Byers, Forerunner Ventures, Venrock, Andreessen Horowitz, and Science Inc. The firm offers up a subscription service wh (More info...)
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eHarmony: We're Number One For Online MarriagesLooking to not just find a date, but a spouse? It looks like Santa Monica-based eHarmony might be the place to go. eHarmony said that it ranks number one in terms of the number of marriage created by an online dating site, based on a scientific study published in the prestigious Proceedings of the National Academy of Sciences (PNAS). eHarmony said that it had the largest number of marriages surveyed who met via online dating, with 25.04% of marriages. eHarmony also said the study was tops in ter (More info...)
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Calacanis Starts Up New Venture FundJason Calacanis is busy. Not only is he running his own technology conference, Launch, he's also making angel investments, and opening up his own coworking space, he's also created a new venture capital fund, the Launch Fund. According to a regulatory filing, Calacanis is raising $10.0M for the fund, which he said is being funded by himself, David Sacks, and one or two other LPS. Calacanis said the fund will go to focus on funding companies out of his series of LAUNCH festivals.
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Cornerstone OnDemand Adds New Social, Recruiting FeaturesCornerstone OnDemand, the developer of talent management software which is headed by Adam Miller, has rolled out some enhancements to its service today, including adding a new social collaboration feature to the company's software suite, as well as enhanced recruiting tools. According to Cornerstone OnDemand, the company has rolled out a new, completely redesigned social collaboration platform and new social performance and employee recognition tools, as well as expanded its mobile functionality (More info...)
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Quarterly Co. Adds Laughing SquidHollywood-based subscription gift service Quarterly Co., which is backed by True Ventures, Collaborative Fund, SV Angel and others, said today that it has added the team behind the popular technology blog Laughing Squid to its service. Quarterly Co. said that Laughing Squid Founder and Editor in Chief Scott Beale and Managing Editor Rusty Blazenhoff will contribute to a quarterly gift mailing to subscribers, personally curated by the two. Quarterly Co.'s subscription service delivers a box of un (More info...)
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Jacobs Buys Wireless Telecommunications Services FirmPasadena-based Jacobs, the provider of professional technical services and construction and engineering services, said today that it has acquired Compass Technology Services, a provider of wireless telecommunications infrastructure design and construction services. Financial details of the buy were not disclosed. Compass Technology Services is headquartered in Atlanta, Ga., and provides telecommunications professional and field services in the Southeastern U.S.
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DriveCam Wins Cement Hauling Fleet OperatorThe next time you're stuck behind a big, lumbering concrete truck, you just might be a little safer, thanks to San Diego-based driving monitoring product developer DriveCam. DriveCam said today that it has scored a win with TXI, which runs a fleet of ready-mix concrete trucks, and aggregate hauling and cement hauling vehicles. According to DriveCam, TXI is rolling out its products across all of its fleet, after a period testing DriveCam in its fleet, and seeing a "dramatic" reduction in claims. (More info...)
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