Thursday, October 6, 2016


Snapchat Aims At March IPO, Says Report
Venice-based instant messaging company Snap Inc.--otherwise known as SnapChat, is aiming at a March IPO, according to a report on Thursday afternoon. The WSJ reports that the company is looking to hit the market as early as March, in a deal which would value the company at $25 billion. Snapchat has been rumored to have been working on an IPO for several months now, and had been looking to choose an investment bank for the offering earlier this year.
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Tengia Seeks To Help Seniors Redefine Retirement
Are you 65, but not yet ready to give up the working world? Los Angeles-based startup Tengia says it has launched a new platform, which is aimed at helping Americans who are 65 and older, help connect with individuals and small businesses to tap into their depth of experience. The service matches seniors with people based on their areas of expertise, and letting them set their own availability and fees--with the aim of helping them work towards a more comfortable lifestyle, recover from the rece (More info...)
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TigerText Names Two Healthcare Vets To Exec Team
Santa Monica-based TigerText has hired on two new healthcare veterans to its executive team, the company said this week. According to TigerText, it has named Kirk Paul Kirkman as President of Client Organization, heading up sales and customer support; and Kelli Castellano as Chief Marketing Officer, leading the company's marketing strategies. Kirkman was previously VP of Enterprise Solutions at athenalheath, and also has served at TamberHealth, Zix Corporation, and Amicore. Castellano was SVP o (More info...)
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Report: Disney Will Not Bid On Twitter
A report, published late Wednesday evening, says that Burbank-based Walt Disney Co. will not make a bid for Twitter, which reportedly has been looking to sell the company. Recode--quoting "sources familiar with Disney" said that Disney has decided not to move forward with a bid. Disney had been reported to be looking at Twitter in September. Salesforce.com has been named as the most probably buyer for Twitter, which appears to have been running an investment banking process in its attempt to fin (More info...)
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Faraday Future Unveils Formula-E Racer
Los Angeles-based Faraday Future, the stealthy electric car company, has unveiled its entry into Formula-E, the electric auto racing circuit. According to Faraday Future, Faraday Future Dragon Racing is a partnership between the company and Dragon Racing, and will be its inaugural entry into the Formula-E motorsports. Faraday Future has unveiled plans to develop electric cars in Los Angeles, where it has its headquarters in Gardena, but has been extremely stealthy about those yet-to-be-announced (More info...)
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Flipagram Launches Halloween Contest
Los Angeles-based Flipagram, the developer of the music-themed, social video creation app, has launched a new contest focused on Halloween. According to Flipagram, its new #NoCostumeRequiredMakeup challenge asks creators in its community to share videos of their best, costume makeup looks for Halloween, which do not require an actual costume. As part of the challenge, the company also released a list of the top 20 songs for Halloween "Flips", as it calls its short video montages. Flipagram allow (More info...)
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Rubicon Project Snags Google Vet As Chief Product And Engineering Head
Los Angeles-based Rubicon Project said this morning that it has snagged a Google veteran, as its new Chief Product & Engineering Officer. According to Rubicon, it has named Tom Kershaw--most recently Director of Product Management for Google Ads and Commerce, to the position, where he will be responsible for product development, platform strategy, product design, prioritization, and go-to-market planning, as well as oversight of the company's engineering capabilities. Kershaw will be based in L (More info...)
posted on Thursday, October 6, 2016(Full story)

Yardi Adds Bill Payment Feature
Santa Barbara-based Yardi, which develops property management software, said it has added the ability to pay bills through its platform. According to Yardi, it now can process payments for account receivable and accounts payable, as part of its Yardi Voyager property management and accounting platform. The company said the software now supports automated check writing and electronic vendor or owner payments in the software, including full service check processing where it prints and mails checks (More info...)
posted on Thursday, October 6, 2016(Full story)