Wednesday, November 18, 2015
Match Group Prices IPO At $12.00, Disavows Sean Rad Interview
Match Group, the parent company of Los Angeles-based dating app Tinder, has priced its IPO at $12.00 per share, selling 33,333,333 shares in its IPO, and will debut tomorrow on the NASDAQ Global Select Market as MTCH, despite a snafu when a UK tabloid published an interview with Tinder CEO Sean Rad. Match had estimated its IPO range at between $12.00 and $14.00 per share. In a SEC filing, said that the interview with Sean Rad was not approved, condoned by, and the content of the articl (More info...)

posted on Wednesday, November 18, 2015(Full story)

Tinder CEO Sean Rad Hooks Up With UK Tabloid
In an questionably timed interview, a UK tabloid the EveningStandard has published a lengthy interview with Tinder CEO Sean Rad, even as Tinder's parent company, Match Group, has recently filed for an IPO. Typically, companies in the IPO process enter a "quiet period" where executives avoid talking about their companies in public or in intereviews. The interview has Rad talking about his view on "hookup culture", dating, and the company's future plans.

posted on Wednesday, November 18, 2015(Full story) Gets $5M For Student Loan Management
Santa Monica-based, a startup that developers technology-enabled services to help millennials pay off their student loans, refinance their student loans, and pay off debt, said this morning that it has raised $5M in a funding round. The funding came from MassMutual Ventures, Wildcat Venture Partners, and Mohr Davidow Ventures. is led by Brendon McQueen. The company says it has now raised $8.2M for its service.

posted on Wednesday, November 18, 2015(Full story) Raises $9M To Ramp Mobile Banking Efforts
Santa Monica-based, the online financial services provider led by Ben Katz, is announcing this morning that it has raised $9M in a growth capital facility, from Columbia Pacific Advisors' Growth Capital Strategy and Fenway Summer Ventures. The company offers up a prepaid MasterCard which can be customized with a user's favorite brands and characters, from the Walking Dead and Family Guy, to Sesame Street, Star Trek and the Care Bears. has used those branded cards to carved (More info...)

posted on Wednesday, November 18, 2015(Full story)

Oversee.Net's Lawrence Ng Sets Up Startup Incubation Fund
Lawrence Ng, the co-founder of, said this morning that it has launched a new, startup fund called the OnRamp Fund, a $10M, international incubation fund that invests in early stage startups. OnRamp Fund said it will offer up access to mentoring and advisors, funding, and cross-border support for its startups, particularly with those looking to reach across the United States, Taiwan, and China. The company said one of its first investments is bridal retailer SimplyBridal. Ng started O (More info...)

posted on Wednesday, November 18, 2015(Full story)

Microsemi Boosts PMC-Sierra Bid To $2.3 Billion
Aliso Viejo-based semiconductor developer Microsemi said today that it has boosted its bid for PMC-Sierra, to $12.05 per share in cash and stock, valuing the the hostile bid for the company to $2.3 billion. Microsemi said it is now proposing to pay $9.22 in cash and 0.0771x of share of its common stock for every share of PMC common stock. The new bid comes after PMC-Sierra's board rejected Microsemi's prior bid, saying that--although the total enterprise value was higher than its original buyout (More info...)

posted on Wednesday, November 18, 2015(Full story)

WellCaster Sets Up Shop In LA, Hires Jay Goss As President
WellCaster, a developer of enterprise wellness apps, has set up its operations in Los Angeles, and hired LA technology veteran Jay Goss as President of the company. The company--which originally started in New York--develops mobile apps specifically aimed at enterprise customers ofering up wellness apps to their employees. The app runs on iOS and Android. The company's apps include educational content on such topics as diet and stress. Goss hass previously been an executive at Mogreet, Numedeon (More info...)

posted on Wednesday, November 18, 2015(Full story)

Clearlake Capital Buys Syncsort
Santa Monica-based private equity investor Clearlake Capital Group, L.P. said this morning that it has acquired Syncsort Incorporated, a developer of enterprise software based in New Jersey. Financial terms of the acquisition were not announced. Syncsort develops Hadoop and other big data integration software for the mainframe market. Syncsort is based in Woodcliff, New Jersey, and offers up Apache Hadoop, Splunk, Apache Spark, and other analytics software for the IBM z Systems mainframe and oth (More info...)

posted on Wednesday, November 18, 2015(Full story)

Introducing KeyCloud
There’s no reason for business operations to suffer due to legacy technology. Throw it all to the cloud and transform your IT infrastructure to cloud-based, enterprise level software with KeyCloud.

KeyCloud offers local enterprise cloud with best-of-breed infrastructure. KeyCloud delivers compute, storage, and network through Infrastructure-as-a-Service (IaaS). KeyCloud offers highly secure virtual and dedicated machines in an environment that enables you to run your apps on our carrier grade datacenter for 99.999 percent uptime. Engineered on a pool of highly redundant servers and storage, KeyCloud is available in custom configurations to rapidly respond to your IT needs. These Cloud services will quickly and dynamically scale as your business needs grow without ever having to worry about hardware infrastructure again.

To learn more about KeyCloud, visit or call (818) 737-2186.

SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators
IP Litigation . IP Transactions . Patent & Trademark Prosecution . IP
Strategy .

Westlake Village . Santa Barbara . Irvine. 805-230-1350

Stradling, Attorneys At Law (

Stradling Yocca Carlson & Rauth (“Stradling”) is a premier business law
firm with over 125 attorneys and 10 offices in the western US. The offices are: Newport Beach, Santa Barbara, Santa Monica, San Diego, San Francisco - SOMA, San Francisco - Financial District, Sacramento, Reno, Denver, Seattle. The Firm’s corporate, litigation and public law practices are well known for their expertise and depth. Stradling's clients include emerging and high growth public and private companies as well as private equity funds, venture capital groups and their respective portfolio companies. Widely recognized for its expertise, responsiveness and outstanding client service, the Firm's size, structure, and culture allow it to provide the highest quality representation while maintaining the responsiveness and relationships commonly associated with smaller firms.

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

Find Help To Power Your Firm To The Next Level
Need some business help powering your company to the next stage? Can't figure out who understands startups and high tech in Southern California? Need help with a business plan, ramping sales, and more? We've compiled a list of people who can help--who already have high tech clients here:

Project X – New Design Focused Accelerator in Los Angeles
Launch your next MVP. Be Victorious. Conquer the perils of poorly branded
products, semi-good stories, and underwhelming UX/UI front-end design and

Project X is a business unit of the Los Angeles based digital agency La
Visual. UX/UI strategy, rapid-prototyping and design, world-class
branding, product strategy & design, testing, rollout strategies,
mentorship, and access to exclusive funding.

Don't be shy. Hit us up and we will talk about your next startup.
Drop us a line // See how we can help you:
Check it out here //

Sponsored By


Recent Interviews

Browse Issues