Wednesday, April 6, 2016
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.

Verizon Buys Stake In AwesomenessTV
Verizon said Wednesday that it will acquire a 24.5 percent stake in Los Angeles-based AwesomenessTV, paying approximately $159M in an equity stake which values AwesomenessTV at approximately $650M. Dreamworks Animation will continue to hold a 51%, majority stake in AwesomenessTV. As part of the deal, Verizon said it will enter into an agreement with AwesomenessTV to create a premium short-form mobile video service, which it will make part of its go90 offering. Verizon said it was advised by Lion (More info...)

posted on Wednesday, April 6, 2016(Full story)

Anchore, Founded by Ansible, Eucalpytus Vet, Raises $2.5M
Santa Barbara-based container software technology developer Anchore, which was founded by veterans of Ansible, has raised $2.5M in a funding round, the company disclosed today. The funding came from Menlo Ventures and e-ventures. Anchore is led by Said Ziouani, who was co-founder and CEO of AnsibleWorks, and also served at Eucalyptus Corp. Ansible was acquired by Red Hat for $150M in October of 2015. Eucalpytus was acquired by HP in September of 2014.

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Clapit Raises AU$2.57M
Los Angeles- and Sydney, Australia-based Clapit, a startup developing a social media crowdsourcing app, said it has raised AU$2.57M ($1.94M US), to bring its mobile app to market. The seed funding came from Australia angels Mark Moran and Paul Siderovski. Clapit, which says it is based in Sydney and has its U.S. operations in Los Angeles, says it has created a social media app which crowdsources video, music, images, and rich media. The startup was founded by Paul J. Bedwell, Mary Jane Bulseco a (More info...)

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Thrive Market Rolls Out Android App
Los Angeles-based online healthy and natural foods retailer Thrive Market has rolled out a new Android app, to allow its customers to order its products directly from their phone. The fast growing startup--the company recently passed a $100M run rate--also offers up a similar, iPhone app. The new Thrive Market app requires that users be a current member of the subscription service, which costs $59.95 a year.

posted on Wednesday, April 6, 2016(Full story)

Qualcomm Signs Chinese Patent Deal
San Diego-based Qualcomm said today that it has entered into a patent licensing deal with Chinese company Zhuhai Ewpe Information Technology Inc.. According to Qualcomm, the 3G and 4G Chinese patent license gives EWPE a royalty-bearing patent license to develop, manufacture and sell 3G WCDMA and CDMA2000 and 4G LTE subscriber units for use in China. Financial details of that license were not announced.

posted on Wednesday, April 6, 2016(Full story)

Sorrento Therapeutics Names New CFO
San Diego-based Sorrento Therapeutics said today that it has named Kevin M. Herde as its new Executive Vice President and Chief Financial Officer. Herde was previously Vice President of Global Blood Screening and Alliance Management for Hologic, and also served at Gen-Probe, Gateway, and KPMG. Sorrento Therapeutics is a biopharmaceuticals firm developing treatments for cancer, inflammation and autoimmune diseases.

posted on Wednesday, April 6, 2016(Full story)

Cal State Channel Islands 2016 UAV Poll
Please consider taking our anonymous online survey about Unmanned Aerial Vehicles (UAVs, aka “drones”). This poll was created by students and colleagues here at California State University Channel Islands to better understand public attitudes toward and use of this technology. No particular knowledge of or experience with UAVs is necessary to take this survey. It takes roughly 10 minutes to complete. Our results will be shared widely and openly (see after we have closed the poll in April.

Take the poll here!

TechCXO - Los Angeles
TechCXO is a professional services firm that provides experienced,
C-Suite professionals to deliver strategic and functional consulting
services for technology companies. We answer your critical issues
around obtaining capital, increasing revenue, entering new markets and
improving margins. TechCXO partners combine practical experience,
comprehensive resources and best practices to deliver objective,
high-value results.

For TechCXO Los Angeles, please contact:

Tim Noonan
Managing Partner, LA Region

Early Stage Commercial Insurance - Pacific Unified Insurance Agency
We are a commercial insurance broker working with startup and early
stage technology and E-Commerce companies to implement cost effective
strategies for their insurance and risk management programs. We
provide guidance and strategic planning during various phases and also
advise regarding employee benefit structures to assist in employee
recruiting and retention. Coverage placements include D&O, Property,
Liability, Workers Comp, E&O, Cyber/Network Security and Employee
Benefit Programs.


John Huttinger, CIC, CRM
Vice President
Ph#310-370-5000 Ext 3025 w Fx 310-370-5454

Clear Capital Advisors Advisors Advises Extrameasures
Clear Capital Advisors is pleased to announce that it has served as
exclusive financial advisor to extrameasures in its sale to Blackhawk
Network (NYSE: HAWK). On March 31, 2016 Blackhawk Network, a leading
prepaid and payments network, announced it has acquired extrameasures,
a prepaid consumer promotions and incentives company. Through its
customized rebate programs, extrameasures offers Visa prepaid cards
and private label merchant-specific reward and gift cards with a
proprietary platform to help businesses drive consumer acquisition,
engagement and loyalty.


Peter Cowen
Managing Director

Bruce Pompan
Managing Director

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