Tuesday, March 29, 2016
LAVA 13th Annual Venture Awards Dinner - March 30th, 2016
LAVA 13th Annual Venture Awards Dinner
Celebrating over 30 years of service to the Los Angeles Entrepreneurial Community

Wednesday, March 30th, 2016

Fairmont Miramar Hotel & Bungalows
101 Wilshire Blvd
Santa Monica, CA 90401
5:30pm – 9pm

Featuring Frank Mottek, KNX1070 Business Hour Host as Master of Ceremonies

2016 Hall of Fame Honoree – Adam Miller, Founder/CEO, Cornerstone OnDemand

Register today!


Cargigi Acquired By eBay
Irvine-based Cargigi, a provider of online marketing and advertising services for automotive dealerships, has been acquired by eBay, the two said Tuesday afternoon. Financial details of the acquisition were not disclosed. Cargigi becomes part of eBay Motors, where eBay will use Cargigi's technology to help move dealers' inventory onto eBay. According to eBay, Cargigi will replace its existing Dealer Center, which helps dealers with the vehicle selling process.

posted on Tuesday, March 29, 2016(Full story)

Comparably Contrasts Pay Satisfaction Between Women and Men
Santa Monica-based Comparably, the new pay and compensation comparison startup let by startup veteran Jason Nazar, has run the numbers over gender satisfaction at work, and finds that about as many women as men are happy about their pay--except in certain, specific work areas--but sharply differ in their satisfaction with their percentage of equity in the companies they work for.
Comparably said that it polled over 1,000 people in the technology industry who are part of its service. Around half (More info...)

posted on Tuesday, March 29, 2016(Full story)

Three Day Rule Adds $1.2M For Matchmaking Service
Santa Monica-based Three Day Rule, the personal matchmaking startup led by Talia Goldstein, has raised $1.2M more in funding, the company disclosed on Tuesday. The $650,000 of thefunding came from the Dallas Angels Network, with the rest coming from other angels. Three Day Rule uses both human matchmakers, and software, to help match people with potential mates. Unlike LA's hookup/dating app Tinder, Three Day Rule says it is focused on helping its clients with "meaningful, committed relationship (More info...)

posted on Tuesday, March 29, 2016 (More)(Full story)

Tinder Buys Humin
Los Angeles-based dating app developer Tinder says it has acquired Humin, a San Francisco-based developer of contact management software. Financial terms of the buy were not disclosed. Tinder said that it has hired Humin co-founder Ankur Jain as VP of Product, and fellow co-founder David Wyler as VP of Partnerships, to lead an "exciting new product initiative." Humin's contact management products revolved around a users' smartphone contact list, including Humin Contacts--which cleans up and mana (More info...)

posted on Tuesday, March 29, 2016(Full story)

Broadcom Sues SpaceX Over Engineering Hires
Irvine-based Broadcom has sued Hawthorne-based SpaceX, saying that SpaceX has been raiding the company for key engineers, and stealing its proprietary technology. In a lawsuit filed last week, Broadcom named both SpaceX and five engineers, who it says violated confidentiality agreements they had signed, saying that they took knowledge gained through a project that Broadcom helped SpaceX with last year.

posted on Tuesday, March 29, 2016(Full story)

Figtree Financing Finds $30M For Energy Funding
San Diego-based Figtree Financing, provider of clean energy project (PACE) financing, has raised $30M in a Series A funding round, according to the company. The funding came from an un-named institutional investor. Figtree Funding, which is led by Mahesh Shah, provides long term financing for solar panels, energy efficient lighting, cool roofing, and other energy saving projects, which are paid back through property tax payments. The company said the funding will go towards launching a residenti (More info...)

posted on Tuesday, March 29, 2016 (More)(Full story)

Memorang Gets $500K For Flash Card Study Tool
Los Angeles-based Memorang, the developer of a flash-card based, study tool to help people study for such things as the MCAT, GRE, NBME, and a host of other tests, has raised $500,000 in a funding round, the company is announcing this morning. The funding came from angel investor Michael Kane (SoFi), and Tom Palecek (Summit Trail Advisors). Memorang was created by Yermie Cohen in 2013, when he was a medical student at UCLA; the company's co-founder is George Courtsunis. Both of the two joined st (More info...)

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Connectifier Swizzles Service After LinkedIn Acquisition
Costa Mesa-based Connectifier, the recruiting tools developer led by John Jersin, said Monday that it will be making some significant changes to its tool, after its acquisition by LinkedIn in February. According to blog posts from both Connectifier and LinkedIn, Connetifier will continue to operate as a wholly owned subsidiary of LinkedIn, selling to its own customer base, however, the two will connect the two services through a new API, along with other changes. New features such as improved ma (More info...)

posted on Tuesday, March 29, 2016(Full story)

Jacobs Wins NASA White Sands Test Facility
Pasadena-based Jacobs Engineering Group said late Monday that it has been awarded a $400M contract at the NASA White Sands Test Facility, near Las Cruces, New Mexico. Jacobs said it was awarded the Test Evaluation and Support Team 2 (TEST2) contract, where it will provide support for current and future NASA programs for space transportation and human space flight, along with other programs. Jacobs said the contract is effective May 1st, and has a maximum value of $400M, split between a two year, (More info...)

posted on Tuesday, March 29, 2016(Full story)

Cornerstone OnDemand Wins Spanish Hotel Group
Santa Monica-based talent management software developer Cornerstone OnDemand reported a win this morning with the Palladium Hotel Group, which the company says is the seventh largest Spanish hotel consortium in the world. Financial impact of the win was not disclosed. Palladium Hotel Group is using Cornerstone OnDemand for employee development for its 11,000 employees, spread across 50 hotels in six countries. Cornerstone OnDemand's software is used for employee training, onboarding, and other e (More info...)

posted on Tuesday, March 29, 2016(Full story)

Yardi Signs Up Real Estate Fund Management Firm
Santa Barbara-based real estate software management developer Yardi said this morning that it has signed up real estate professional services firm CliftonLarsonAllen as a customer. According to Yardi, CliftonLarsonAllen will provide its real estate fund administration services for its private equity real estate clients, using its software. Financial impact of the deal was not announced. CliftonLarsonAllen apparently is replacing a spreadsheet based system it has been using for investment account (More info...)

posted on Tuesday, March 29, 2016(Full story)

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