Thursday, February 27, 2014Pricetag For TrueCar.com's New Domain, True.Com: $350,000Santa Monica-based TrueCar, the online car pricing site--which has made its name from revealing the full pricing details behind local car purchases--said this week that it had acquired a brand, new domain--True.com. However, the company didn't announce the price it paid for its shiny new domain name. That said, the price--like the price of cars that TrueCar provides through its service--isn't a secret: apparently, TrueCar paid $350,000 in cash for its domain name. Unlike the autos tracked by Tru (More info...)
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Calacanis Takes A Bite Of Ramen's Crowdfunding SiteNo, Jason Calacanis, the Santa Monica angel investor, and CEO and founder of Mahalo, isn't bootstrapping a new company and reverting to the hungry's entrepreneur diet. Instead, he's one of the key angel investors in a new, crowdfunding site called Ramen, which launched this week at Calacanis' Launch Conference, saying that it has raised a seed funding from Calacanis, Naval Ravikant (AngelList), and Matt Cutler, to bring its online crowdfunding service for software projects to market. The size of (More info...)
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Wallaby Powers Tool For Travel Rewards Website ThePointsGuy.comPasadena-based Wallaby, the developer of software to help consumers maximize the points and benefits of their credit card spending, is powering an online tool for travel rewards website ThePointsGuy.com, the two are announcing this morning. Financial details of the deal were not announced. The two said that they are launching TPG Maximixer, a web-based product which helps recommend credit cards to consumers, tuned to an individual's purchase habits. Wallaby, which is led by Matthew Goldman, deve (More info...)
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Montgomery Reboots With Oasis ConferenceOver the years, one of the go-to conferences in the region for technology executives was the exclusive, invite-only Montgomery Conference -- an annual, private investment pitch conference run by investment banking firm Montgomery & Co. The conference was known for a very exclusive attendee list (almost entirely CEOs, founders, and VCs, both from here as well as Silicon Valley), and the opportunity to hear what both startups and some of the technology industry's hottest public companies were plan (More info...)
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Sony Electronics Cuts 400 In San DiegoSony Electronics said Wednesday that it is cutting approximately 1,000 employees in the United States, part of a global cut of 5,000 employees, a move which will affect 400 of the company's employees in San Diego. Sony also said it will close 20 of its retail, U.S. Sony Stores in the move. Sony said the cuts were made to position the company in the "best possible place for future growth". The cuts are part of a reswizzling of Sony's electronics business, which includes the sale of the company's (More info...)
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Novatel Wireless Inks Two Telematics DealsSan Diego-based wireless data equipment provider Novatel Wireless has inked two, separate telematics deals, which involve using the company's products in vehicle tracking applications. According to Novatel, it has been selected by Vehicle Tracking Systems (VTS) to support a fleet management system; VTS develops fleet management systems. Separately, Novatel said it has been selected by HIMEX, a provider of usage-based insurance and fleet management programs. HIMEX develops a platform to monitor f (More info...)
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WiSpry Launches New ProductIrvine-based RF semiconductor developer WiSpry said Wednesday that it has launched a new product, a RF quad capacitor array, aimed at the consumer, wireless market. WiSpry's new MEMs-based, tunable, RF quad capacitor array allows designers to develop RF filters in consumer wireless systems. Tunable filters are used in wireless design to select the frequency ranges that can be sent and received by a circuit. Pricing on the new component was not announced by WiSpry.
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