Friday, March 21, 2014Flywheel Updates Taxi AppMobile app developer Flywheel, which has been arming taxi companies in Los Angeles with their own, Uber-style mobile app, said this week that it has launched a brand new version of its app for the iPhone. According to Flywheel--which is currently serving Los Angeles, San Francisco, and Seattle--it has redesigned its app to make it easier for people to get a ride from a local cab. Flywheel has cast itself with local taxi companies in the taxi-versus-ridesharing-app battle, which has been playing (More info...)
posted on Friday, March 21, 2014(Full story)
Miven Venture Partners Gets IPO Exit At A10 NetworksNewport Beach-based Miven Venture Partners, the private investment arm of Linksys founder Victor Tsao, has scored an exit in one of its portfolio companies, A10 Networks, after that company's successful IPO this morning. It's unclear how big of a stake Miven still has in A10, which develops web application security products, including appliances for dealing with distributed denial of service (DDos) and similar security issues. Miven had invested in A10 Networks way back in 2006, as part of a Ser (More info...)
posted on Friday, March 21, 2014(Full story)
Presbia Files For IPOIrvine-based Presbia, a medical device company developing optical lens implants, has filed for an IPO. According to the company's S-1, it is looking to riase up to $90M on the NASDAQ Global Market as LENS. The IPO is being underwritten by Jeffries. Presbia's intraocular lenses are aimed at treating prebyopia, better known as near sightedness.
posted on Friday, March 21, 2014(Full story)
Making The Pasadena Angels Relevant To Today's Startups, With Terry KayIn a world with a rash of startup incubators and accelerators, super angels, crowdfunding sites, and more, what's the relevance of organized angel investments groups? For Friday's interview, we spoke with Terry Kay ithe new Chairman of the Pasadena Angels (www.pasadenaangels.com) on the group, and its relevance in the technology funding world today.
First off, for those not familiar with the Pasadena Angels, talk about the group?
Terry Kay: We have always been about helping the entreprene (More info...)
posted on Friday, March 21, 2014(Full story)
SmartDrive Enhances Driver Safety SystemSan Diego-based SmartDrive Systems, which develops driver monitoring and safety systems for the fleet driving market, said this week that it has enhanced its platform. According to SmartDrive, it has added several new features to the platform--including automatic adjustment of how much video the system captures, and detection of U-turns--which helps to provide better data on risky driving. The company said the enhancements help capture more video and data around such issues as following too clos (More info...)
posted on Friday, March 21, 2014(Full story)
Otonomy Appoints New Board MemberSan Diego-based Otonomy, a biopharmaceuticals company developing treatments for disorders of the inner and middle ear, said Thursday that it has added Vickie Capps to its board of directors. Capps was previously EVP, CFO, and treasure for DJO Global, and also previously had served at Ernst & Young. Capps also sits on the board of RF Surgical Systems and Consonance Capital Partners, and had been on the board of SenoRx. Otonomy said Capps will also become chair of its audit committee. Otonomy is v (More info...)
posted on Friday, March 21, 2014(Full story)