Thursday, May 8, 2014
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Snapchat Settles With FTC
Venice, California-based Snapchat has settled charges with the Federal Trade Commission, the FTC said Thursday afternoon, and has agreed to misrepresent the extent to which it maintains the privacy, security, and confidentiality of users' information--and will also be required to implement a "comprehensive privacy program" monitored for the next 20 years. The FTC charges came out both the agency's dis-satisfaction with the way Snapchat represented how difficult it was to pull screenshots and vid (More info...)

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Talenthouse Raises $10M
Hollywood-based Talenthouse, which operates an online community of artists and creatives, said this morning that it has raised $10M in a funding round. The funding was led by Germany company Starwatch, which is part of ProSiebenSat.1. Other investors in the round included angels First Artist Bank, Gerard Butler and Jean Pigozzi. Talenthouse operates an online community which allows artists to submit their work to possible clients, essentially helping with crowdsourcing artistic works.

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Lettuce Acquired By Intuit
Los Angeles-based Lettuce, the developer of inventory and order management apps headed by Raad Mobrem, has been acquired by Intuit, the company announced this morning. According to Lettuce, the company will help Intuit provide solutions to the small business market. Financial terms of the acquisition were not announced. Lettuce said it will continue to offer up its products to customers, and will provide more about the company's "joint vision" and new product development efforts with Intuit afte (More info...)

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TVC Capital Backs LiquidPlanner
San Diego-based growth equity investor TVC Capital is the lead investor in LiquidPlanner, a developer of online project management software this morning. LiquidPlanenr said it raised $8M in a Series B funding from TVC Capital, the first venture funding in the company since it was founded in 2007. Steven Hamerslag of TVC Capital will join LiquidPlanner's board of directors with the funding. LiquidPlanner is based in Seattle. LiquidPlanner's project management software revolves around a "schedulin (More info...)

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Maker Studios Signs Big Advertising Deal With Omnicom
Los Angeles-based Maker Studios, the YouTube network which is in the midst of being acquired by Disney, has just signed a large, eight-figure online advertising deal with Omnicom Media Group, according to AdAge. The deal is apparently the first, upfront advertising deal signed by Maker Studios. OmniCom apparently has a similar, $100M deal with Instagram. Disney announced it would buy Maker in a deal worth up to $950M back in March.

posted on Thursday, May 8, 2014(Full story)

Science Inc. To Buy Social Bookmarking Site Delicious
Santa Monica-based Science, Inc., the startup studio and incubator run by former MySpace CEO Michael Jones, has acquired longtime social bookmarking site Delicious, the company disclosed this morning. Financial terms of the buy were not disclosed. Delicious was previously owned by Steven Chen and Chad Hurley, the founders of YouTube, who had acquired Delicious from Yahoo back in 2011 via their company, Avos Systems. Delicious provides a tool which lets users share and rate websites to their frie (More info...)

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Local Corporation Names New CEO
Irvine-based Local Corporation said late Wednesday that it has named Fred Thiel as its new Chief Executive Officer. Thiel had been Chairman of Local's board of directors. In addition, Local said that its current President and Chief Operations Officer, Michael Sawtell, will be leaving the company. The reason for Sawtell's departure was not given by the company, which has been in the midst of a major executive shakeup since January, when the company's longtime CEO, Heath Clarke, resigned. Fred Thi (More info...)

posted on Thursday, May 8, 2014(Full story)

OneRoof Energy Expands In New York
San Diego-based solar financing company OneRoof Energy said this morning that it is expanding in the Northeast, and has entered into the New York market. According to the company, it has expanded its residential solar leasing operations to cover New York State. The expansion follows an earlier expansion to Massachusetts. OneRoof Energy said the expansion in New York comes due to growing demand in the Northeast; the firm said that the Solar Energy Industries Association (SEIA) found that demand f (More info...)

posted on Thursday, May 8, 2014(Full story)

Ventura BioCenter Entrepreneur’s Business Seminar Series.

Entrepreneur’s Business Seminar Series
Thursday, May 15th, 2014
5:30pm – 7:30pm

Corporate Formation: Pros and Cons of Different Corporate Structures. Ryan Azlein, corporate attorney for Stubbs Alderton of will discuss: Explain LLCs, Sole Proprietorship, C-Corps, etc.; What are the key advantages of each; How some companies start with one and then transition to another; What are the legal/tax ramifications of each structure. Sponsored by TechCXO.

To register, go to:

Stubbs Alderton & Markiles, LLP Expands Santa Monica Office
Stubbs Alderton & Markiles, LLP, Southern California’s leading business law firm, has announced the expansion of its Santa Monica office at 1453 3rd Street Promenade, Santa Monica, CA. This office is located on the corner of Third Street Promenade and Broadway Boulevard. The growth of the Firm and its Preccelerator Program has provided the opportunity for this expansion. The new office opening makes an inspiring statement about the support and involvement that Stubbs Alderton will continue to contribute to the Silicon Beach marketplace. - See more at:

Safire Partners Executive Search
Safire Partners has completed 500+ retained executive searches since 2006 working with emerging businesses in Southern California. Please visit our website to see an updated list of our clients and searches completed at We are always interested in meeting new candidates and potential clients, so feel free to email our Managing Partner, Todd Gitlin at

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