Tuesday, July 1, 2014
How To Find Growth Capital – ACG 101 Panel July 9th - Westlake Village
If your company is on the fast track, you need money – capital – to fuel
its growth. Find out the different kinds of capital available to you, and
how you can access them, at the July 9th meeting of ACG 101.

Information and registration is at http://www.ACG101.org
Use the promo code "socaltech" for a $20 discount from the non-member rate.

Speakers include Chris Lewis, co-founder of the private equity firm
Riordan, Lewis & Haden Equity Partners; Hunter Stropp, co-president of
THL Credit; Bob Louk, senior vice president of Bank of America Merrill Lynch, and Charles Best, CFO of business software provider Blackline Systems. The moderator is David Bonrouhi, managing director of Calabasas Capital.

Location: Westlake Village Inn, 31943 Agoura Road, Westlake Village, CA.

info@acg101.org or 805-285-0756.

MiTu Bolsters Exec Team
Culver City-based MiTu, the Latino media brand and multi-channel network (MCN) which recently scored $10M from such investors as upfront Ventures, The Chernin Group, Allen DeBevoise, and Advancit Capital, has hired a trio of executives to bolster its team. The company said that it has named Daniel Batista, as VP, Head of Strategic Partnerships & Business Development; Cesar Martinez as VP, Sales & Branded Entertainment; and Jeff Mayo as SVP, Business & Revenue Operations. Batista comes from Audi (More info...)

posted on Tuesday, July 1, 2014(Full story)

Communities For Cause Gets $475K For Matching Nonprofits, Businesses
Huntington Beach-based Communities For Cause, a startup helping to match nonprofits to businesses, has raised $475,000 as part of an ongoing seed funding round. The company helps businesses by associating them with nonprofits, who they can contribute a percentage of sales to as part of marketing promotions. The company's founders are gary Allhusen, Aaron Sloman, and Carlos Aguilar.

posted on Tuesday, July 1, 2014 (More)(Full story)

Ambrx Withdraws IPO
La Jolla-based biotechnology developer Ambrx has withdrawn its IPO, citing "current public market conditions" in a regulatory filing this morning. Ambrx was venture backed by Tavistock, Maverick Capital, Apposite Healthcare, Versant Ventures, 5AM Ventures, Roche, and Merck. The company had set an initial estimated IPO range of between $12.00 and $14.00 per share on June 11th, but apparently did not get the reception it desired from investors in its road show. Ambrx is developing protein therapeu (More info...)

posted on Tuesday, July 1, 2014(Full story)

How Vadio Is Putting The Video Into Music, With Bryce Clemmer
In today's online world, there are audio streaming sites (Spotify et al), and there are video streaming sites (Youtube, Vevo, etc.); however, those two worlds are mostly separate. However, one local startup--Vadio (www.vadio.com)--is hoping to bring those worlds together, by using technology to automatically add and synchronize video streaming to existing, audio streaming sites. We caught up with Bryce Clemmer, the co-founder and CEO of the company, to learn more. Vadio came out of LA's Amplify (More info...)

posted on Tuesday, July 1, 2014(Full story)

Tinder Co-founder Sued For Sexual Harassment, Suspended
One of the co-founders of Los Angeles-based dating app developer Tinder, Justin Mateen, has been sued by a former executive for sexual harassment, and has been suspended. In a lawsuit filed Monday in the Superior Court of the State of California, Los Angeles, former Tinder Vice President of Marketing Whitney Wolfe accused Mateen of a series of incidents and harassing emails, after a romantic relationship between the two went south. Among other accusations, the lawsuit claims Mateen repeatedly ca (More info...)

posted on Tuesday, July 1, 2014(Full story)

Metacloud Partners with Trace3
Pasadena-based MetaCloud, the provier of OpenStack cloud deployment and management, said today that it has partnered with Trace3, a provider of IT and other services to businesses. According to the companies, MetaCloud has been selected as the "open source cloud solution of choice" by Trace3, which will help implement and recommend Metacloud's OpenStack solutions to its own customers. Metacloud is venture backed by Silicon Valley Bank, Pelion Ventures, UMC, Canaan Partners, Storm Ventures, and A (More info...)

posted on Tuesday, July 1, 2014(Full story)

Newegg Starts Accepting Bitcoin
City of Industry-based online electronics retailer Newegg said today that it has begun accepting Bitcoin payments, via a new partnership with BitPay. According to Newegg, it will let its customers pay for their purchases in Bitcoin, by using their digital wallet via BitPay's interface. Newegg said that its customers are among some of the earliest Bitcoin miners and supporters of the crypto currency.

posted on Tuesday, July 1, 2014(Full story)

ViaSat Links With Eutelsat On Ka-Band Satellites
Carlsbad-based satellite communications company ViaSat has linked up with French satellite company Eutelsat Communications, where the two will link their high capacity, Ka-Band satellite networks, the two said today. According to the two, the agreement will allow service access on roaming on each other's high capacity satellite networks (KA-SAT and ViaSat-1). Financial terms of the deal were not disclosed. The companies said the deal will allow their customers wider access in an area spanning No (More info...)

posted on Tuesday, July 1, 2014(Full story)

Stubbs Alderton & Markiles, LLP Represents The Bouqs Company
SAM announced that it represented client, The Bouqs Company (TheBouqs.com), a premier cut-to-order online flower delivery service, in a $6 million Series A financing. Led by Azure Capital Partners and joined by KEC Ventures, funding will be used to accelerate growth initiatives including expanding the team, offering delivery outside the US, and scaling the company’s technology and infrastructure to keep pace with growing demand.

SAM attorneys Ryan Azlein and Gaurav Krishan served as counsel for The Bouqs Company for this transaction.


Apply Today For NewCo's Inside-Out Conference
NewCo is the "inside out" conference model where attendees use the working city as the event space, and companies open their doors to welcome the community into their offices for a one­ hour tour, conversation, or informational session.

"NewCos" are companies that truly standout for their approach to business: NewCos are on a mission to effect real change in their chosen market, and they are leaders in creating workplaces that redefine traditional approaches to work.

We are looking for smart, innovative companies to apply to join Google, Rickshaw Bags, IFTTT, Bloomberg West, Lit Motors, Instructables, Everlane, PUBLIC Bikes, Code for America, Hightail and many others.

NewCo is expanding to Los Angeles soon. If you are a part of a company that should be one of the Host Companies in 2014, please apply today!


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