Thursday, July 9, 2015Shift Technologies Targets Los Angeles With Car Buying ServiceShift Technologies, a venture backed startup which has received funding from DFJ, Highland Capital, and others, is extending its efforts into Los Angeles, after launching in San Francisco. Shift Technologies said it has recently opened up operations in LA and is in the middle of leasing a massive warehouse for cars in the city, its first outside the San Francisco Bay Area. Shift's technology platform lets users both buy and sell cars, handling those cars using an "on-demand" model -- letting pro (More info...)
posted on Thursday, July 9, 2015(Full story)
Disney Startup Accelerator Names Second ClassThe Walt Disney Company announced the names of the companies in its second, startup accelerator program it runs out of Burbank, with the help of Techstars. According to Disney, the second class of the Disney Accelerator includes ten startups, who will participate in a three month mentorship and investment program. The program runs until October 6th, when Disney will have a Demo Day for the startups. The second class includes Decisive (SaaS for mobile targeting); EMOTIV (brain monitoring technolo (More info...)
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DogVacay Updates iPhone, Android AppsSanta Monica-based pet-sitting marketplace operator DogVacay has launched an update to both its iPhone and Android apps, with a number of new features and changes. DogVacay said that the new apps are available both on iTunes and Google Play. The apps include updated host profiles, navigation, browsing, and more.
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Zealot Networks Buys ViralNovaLos Angeles-based Zealot Networks, the startup led by Danny Zappin which connects creators and influencers with brands, has acquired viral content site ViralNova. Financial terms of the buy were not disclosed, but the price was reportedly around $100M. The two companies said that ViralNova is on track to have $35M in revenues in 2015, and is now seeing an average of 100 million monthly visits to its site.
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Quarterly and Science Inc.: Making Sense of Influencer Marketing and EcommerceLast week, two Los Angeles area technology companies--influencer subscription service Quarterly (www.quarterly.co), and technology studio Science Inc. (www.science-inc.com) inked a business deal together, including both investment and major collaboration. The two have a long history in the subscription area, so we though tit would be intersting to hear from Quarterly's CEO, Zach Frechette and Science's co-founder, Mike Jones to hear more about how the two are hoping to work together to expand th (More info...)
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NantBioScience, Sorrento Therapeutics Launch $100M JVLos Angeles-based NantBioScience and San Diego-based Sorrento Therapeutics announced this morning that the two have launched a new, joint venture, aimed at small molecule treatments for cancer. The two said they will invest $100M in the new, joint venture, which they call a "moonshot program" to develop small molecules for treating caner. The companies said the new, JV will be 60 percent owned by NantBioScience, and 40 percent owned by Sorrento. NantBioScience is one of the units of NantWorks, t (More info...)
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QLogic Sees Big Revenue MissAliso Viejo-based storage networking equipment maker QLogic announced this morning that it is expecting approximately $113M in first quarter revenues, far below its previously forecasted range of $124M to $132M in revenues. According to the publicly traded company, the revenue shortfall comes due to general weakness in the traditional enterprise server and storage markets, and a build-up of inventory at certain of its OEM customers. QLogic blamed a slower transition to next-generation servers in (More info...)
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ResMed Buys CareTouchSan Diego-based ResMed, which manufactures and supplies medical devices and equipment, said Wednesday that it has acquired CareTouch, which provides internet-based resupply programs for home medical equipment. Financial terms of the buy were not disclosed. ResMed said that CareTouch will be rebranded as ResMed ReSupply. CareTouch was founded in 2003, and was based in Colorado.
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Pathway Genomics Adds AdvisorSan Diego-based Pathway Genomics said this morning that it has added a new advisor to the company. Pathway Genomics said it has added Paul Sonnier, a digital health advocate and social entrepreneur known for his Twitter and LinkedIn following, has joined the company's Strategic Advisory Board. Pathway Genomics said Sonnier has more than 35,000 members in his Digital Health group on LinkedIn, and over 25,000 Twitter followers.
posted on Thursday, July 9, 2015(Full story)