socaltech.com TechNews - Tuesday, June 4, 2013 Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News ------------------------------------------------------------------------ Sponsored by:
Clearstone Ventures (www.clearstone.com). Venture capital for innovators. Silicon Valley Bank (http://www.svb.com). Helping entrepreneurs succeed. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. Safire Partners (http://www.safirepartners.com). Los Angeles-based executive search for emerging growth companies ------------------------------------------------------------------------ --Calacanis Starts Up New Venture Fund --Cornerstone OnDemand Adds New Social, Recruiting Features --Quarterly Co. Adds Laughing Squid --Jacobs Buys Wireless Telecommunications Services Firm --DriveCam Wins Cement Hauling Fleet Operator --Zynga's Loss, SGN's Gain --Surf Air Gets New Funding, FAA Clearance --Zynga Details Job Cuts --SpaceX Test Fires New Rocket --Zynga Layoffs Hit LA Office --PublishThis Ties Into WordPress --Siemer Ventures Backs Southeast Asian Startup Incubator MARKETPLACE --SoCal IP Law Group LLP --TechCXO - New Los Angeles Office To Serve Technology Companies --Key Info --TVC Capital LLC --Binary Pulse Technology Marketing. We Create Demand. --Fetch Recruiting, Inc. RECENT JOB POSTINGS --Senior Project Manager, Los Angeles, Counterpoint Systems --Field Sales Engineers, Burbank or San Jose or NYC or Atlanta or Wash DC, Condusiv Technologies --Technical / field sales engineer, SFV, Bager Electronics --Principal Software Engineer (Web Front End), Burbank, Condusiv Technologies RECENT FUNDING EVENTS ------------------------------ADVERTISEMENT------------------------------- Technology Fast 500 — Call for nominations Powerful Connections Deadline to submit: June 28, 2013 Submit your nomination for Deloitte's 2013 Technology Fast 500, a list of the 500 fastest growing technology, media, telecommunications, life sciences, and clean technology companies in the United States and Canada based on percentage revenue growth from 2008 to 2012. For more information, visit our Web site at http://www.fast500.com or contact the Fast 500 team at fast...@deloitte.com. We look forward to your participation! --------------------------------------------------------------------------- Calacanis Starts Up New Venture Fund ---- Jason Calacanis is busy. Not only is he running his own technology conference, Launch, he's also making angel investments, and opening up his own coworking space, he's also created a new venture capital fund, the Launch Fund. According to a regulatory filing, Calacanis is raising $10.0M for the fund, which he said is being funded by himself, David Sacks, and one or two other LPS. Calacanis said the fund will go to focus on funding companies out of his series of LAUNCH festivals. Cornerstone OnDemand Adds New Social, Recruiting Features ---- Cornerstone OnDemand, the developer of talent management software which is headed by Adam Miller, has rolled out some enhancements to its service today, including adding a new social collaboration feature to the company's software suite, as well as enhanced recruiting tools. (More...) http://bit.ly/10NO6ej Quarterly Co. Adds Laughing Squid ---- Hollywood-based subscription gift service Quarterly Co., which is backed by True Ventures, Collaborative Fund, SV Angel and others, said today that it has added the team behind the popular technology blog Laughing Squid to its service. (More...) http://bit.ly/10NMa5v Jacobs Buys Wireless Telecommunications Services Firm ---- Pasadena-based Jacobs, the provider of professional technical services and construction and engineering services, said today that it has acquired Compass Technology Services, a provider of wireless telecommunications infrastructure design and construction services. Financial details of the buy were not disclosed. Compass Technology Services is headquartered in Atlanta, Ga., and provides telecommunications professional and field services in the Southeastern U.S. DriveCam Wins Cement Hauling Fleet Operator ---- The next time you're stuck behind a big, lumbering concrete truck, you just might be a little safer, thanks to San Diego-based driving monitoring product developer DriveCam. DriveCam said today that it has scored a win with TXI, which runs a fleet of ready-mix concrete trucks, and aggregate hauling and cement hauling vehicles. According to DriveCam, TXI is rolling out its products across all of its fleet, after a period testing DriveCam in its fleet, and seeing a "dramatic" reduction in claims. DriveCam's systems provide both driving data and video to help monitor fleet drivers, which helps both with better safety and better fuel efficiency. TXI is a cement supplier in Texas, with major operations in California. Zynga's Loss, SGN's Gain ---- The announcement Monday that Zynga is cutting 18 percent of its workforce is throwing a lot of talent onto the market, to the benefit of the company's competitors. (More...) http://www.socaltech.com/zynga_s_loss_sgn_s_gain/s-0049620.html Surf Air Gets New Funding, FAA Clearance ---- Los Angeles-based membership-based airline Surf Air said today that it has raised a Series B round of funding, and also received its FAA Operating Certificate -- a huge step in getting the company's services off the ground. (More...) http://bit.ly/18ODhwE Zynga Details Job Cuts ---- San Francisco-based Zynga has detailed the cuts at the company, saying it has laid off approximately 520 employees, or 18 percent of its global workforce. Those cuts have resulted in the shutdown of Zynga's Los Angeles office. Zynga is also cutting its Dallas and New York operations as part of the move. Zynga said the moves will save it an estimated $70M to $80M in pre-tax, annualized cash expenses. The move comes as Zynga said it expects a net loss in the range of $39 million to $28.5 million, and that it is expected booking to be in the "lower half" of its outlook range. Zynga blamed the cuts and losses on "underperforming" games. SpaceX Test Fires New Rocket ---- Hawthorne-based SpaceX, the commercial rocket and spacecraft firm headed by tech mogul Elon Musk, has just fired off a test on a new, Falcon 9 rocket. According to Musk, in a tweet, the firm just had its first firing of its Falcon 9-R advanced prototype rocket, which has over 1 million pounds of thrust, enough to "life a skyscraper". The firing this morning by SpaceX is part of a series of tests SpaceX has been running on its rockets on its new, more powerful Merlin 1D engines--for use on the upcoming Falcon Heavy. Zynga Layoffs Hit LA Office ---- A widespread layoff at social games maker Zynga has hit Los Angeles, with around 55 employees being let go from the location, according to tweets from the company's employees. It appears that Zynga is closing its entire LA operation, according to reports. Overall, it appears Zynga is laying off 20 percent of its worldwide staff. The move is not surprising, given the wholesale departure of Zynga executives who have jumped ship to Los Angeles based videogame developer Scopely, to cloud storage firm Nirvanix, and others in the last few months. PublishThis Ties Into WordPress ---- PublishThis, the developer of content management and publishing tools for online publishers and businesses, has tied into WordPress.com with a new WordPress Plugin, the company announced Monday morning. PublishThis, which is based in Los Angeles and headed by Matt Kumin, said it has launched a new plugin which allows businesses to discover, curate, and distribute content via WordPress, and in particular WordPress.com's "VIP" clients. As part of the release of the plugin, PublishThis has become a "Featured Partner" of WordPress. Financial details of the relationship were not announced. PublishThis says its tools are now being used by such customers as Ziff Davis, Sporting News, Cox Media, and others. Siemer Ventures Backs Southeast Asian Startup Incubator ---- Los Angeles-based technology investor Siemer Ventures has funded an investment firm in Southeast Asia, which is looking to invest in and create e-commerce and digital media companies in the Southeast Asia region. According to Ardent Capital, it received its first, external round of funding, which came from Siemer Ventures, Recruit Strategic Partners, and GMO Venture Partners. Financial details of that investment were not disclosed. Ardent Capital incubates and invests in companies, saying that it has already invested in five companies, including Anything.lk, Axiata, Burufly.com, Playbasis.com, Syndacast.com. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=50894 --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: email us! ------------------------------ADVERTISEMENT------------------------------- SoCal IP Law Group LLP Serving the IP Needs of Businesses: IP Litigation . IP Counsel . IP Transactions . Patent & Trademark Prosecution Westlake Village . Santa Barbara . Irvine. 805-230-1350 i...@socalip.com http://www.socalip.com ------------------------------ADVERTISEMENT------------------------------- TechCXO - New Los Angeles Office To Serve Technology Companies TechCXO, a leading provider of C-Suite-level strategic and functional consulting services for technology companies, has announced it is opening a new office to serve Greater Los Angeles, including greater Santa Barbara and Ventura Counties. The firm has tapped veteran operational and financial expert Paul Meyer to be the managing partner for TechCXO’s efforts here.Paul Meyer is an experienced finance executive with a 25-year track record in senior finance roles at start-up and Fortune 500 technology companies in Southern California. For the past six years, he has run a successful CFO consulting practice, focused on early stage to mid-market technology companies in the greater Santa Barbara and Ventura County areas. Most recently, he has been the CFO of Cynvenio Biosystems, Inc., an early stage medical device company. He was also Interim General Manager of their plastic consumables manufacturing business, BioMolded Products LLC. To learn more about TechCXO and Paul Meyer, go to: http://www.techcxo.com/partner/paul-meyer/ ------------------------------ADVERTISEMENT------------------------------- Key Info Key info (http://www.keyinfo.com) We build private cloud architectures ------------------------------ADVERTISEMENT------------------------------- TVC Capital LLC TVC Capital LLC (www.tvccapital.com) Investments in and Acquisitions of Growing Software Companies ------------------------------ADVERTISEMENT------------------------------- Binary Pulse Technology Marketing. We Create Demand. Binary Pulse Technology Marketing We Create Demand for California's Technology Companies For more than ten years, dozens of Southern California's industry-leading tech firms have turned to Binary Pulse for their demand-generating strategies and programs. Our services include: -- Demand Generation Planning and Execution -- Channel Program Development -- Lead Capture and Management -- Web Site Development & Search Engine Marketing -- Corporate and Product Branding -- Online Integration Strategies -- Reseller Recruitment -- Multimedia Presentations -- Social Media Marketing Please visit us at http://www.binarypulse.com to learn more or give us a call at 949-336-7400. ------------------------------ADVERTISEMENT------------------------------- Fetch Recruiting, Inc. Fetch Recruiting, Inc. (http://www.fetchrecruiting.com) Technical Recruiting for LA based Startups and High-Growth Companies ------------------------------ADVERTISEMENT------------------------------- ------------------------------------------------------------------------ RECENT JOB POSTINGS More jobs at http://www.socaltech.com/Jobs Members post jobs for free Senior Project Manager, Los Angeles, Counterpoint Systems http://www.socaltech.com/showjob.php?id=5495 Regional Sales Managers , San Jose/San Francisco or Atlanta or NYC, Condusiv Technologies http://www.socaltech.com/showjob.php?id=5492 Field Sales Engineers, Burbank or San Jose or NYC or Atlanta or Wash DC, Condusiv Technologies http://www.socaltech.com/showjob.php?id=5493 Technical / field sales engineer, SFV, Bager Electronics http://www.socaltech.com/showjob.php?id=5494 Principal Software Engineer (Web Front End), Burbank, Condusiv Technologies http://www.socaltech.com/showjob.php?id=5468 Principal Software Engineer (Windows Drivers), REMOTE from anywhere in USA, Condusiv Technologies http://www.socaltech.com/showjob.php?id=5470 ------------------------------------------------------------------------ RECENT FUNDING SUMMARY 05/31/13 RadPad $0.2M http://www.socaltech.com/intelligence/?action=showdeal&id=50877 05/29/13 Numecent $13.6M http://www.socaltech.com/intelligence/?action=showdeal&id=50760 05/24/13 Ad.ly $2.0M http://www.socaltech.com/intelligence/?action=showdeal&id=50715 05/21/13 Uncovet $1.3M http://www.socaltech.com/intelligence/?action=showdeal&id=50679 05/20/13 Prevoty $0.7M http://www.socaltech.com/intelligence/?action=showdeal&id=50602 05/20/13 Alteryx $12.0M http://www.socaltech.com/intelligence/?action=showdeal&id=50600 05/16/13 Active Life Technologies LLC $0.5M http://www.socaltech.com/intelligence/?action=showdeal&id=50558 05/15/13 Airware $10.7M http://www.socaltech.com/intelligence/?action=showdeal&id=50535 05/15/13 Kite Pharma $20.0M http://www.socaltech.com/intelligence/?action=showdeal&id=50530 05/14/13 StyleHaul $6.0M http://www.socaltech.com/intelligence/?action=showdeal&id=50529 05/13/13 Greentoe $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=50521 05/09/13 CapLinked $0.5M http://www.socaltech.com/intelligence/?action=showdeal&id=50416 05/09/13 Ouya $15.0M http://www.socaltech.com/intelligence/?action=showdeal&id=50415 05/09/13 Yekra $3.0M http://www.socaltech.com/intelligence/?action=showdeal&id=50414 05/08/13 Lumena Pharmaceuticals, Inc. $23.0M http://www.socaltech.com/intelligence/?action=showdeal&id=50395 05/07/13 TenFarms $2.7M http://www.socaltech.com/intelligence/?action=showdeal&id=50392 05/06/13 Arrowhead Research $36.0M http://www.socaltech.com/intelligence/?action=showdeal&id=50379 05/06/13 InstaMed $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=50383 --------------------------------------------------------------------------- Upcoming Events This Month http://www.socaltech.com/Calendar socaltech.com Calendar of Southern California High Tech Events Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html June 4, San Diego -- SK Telecom MarketLink. SK Telecom & SK Hynix As the most innovative mobile service provider, SK Telecom is creating the future of mobile and delivering cutting-edge, converged wireless technologies for the global market. The company is a pioneer in the mobile industry, having been the first to launch and commercialize CDMA, 3G CDMA, 3.5G HSDPA among other mobile services, and is now leading the way in 4G and beyond. If you have a creative and unique solution in the areas listed below or other areas that might be of interest to us, we want to build a strategic and mutually beneficial partnership with you. See http://www.socaltech.com/calendar/eventid/23320 June 6, Santa Monica -- LA CEOs. LA CEOs presents: Jason Calacanis, CEO of Inside.com,Surviving the Series A Crunch. A fireside chat with Mark Landay, Dynamic Synergy Executive Recruitment. This sponsor supported breakfast is restricted to CEOs ONLY, NO exceptions, NO service providers. See http://www.socaltech.com/calendar/eventid/23494 June 6, Irvine -- From Pitch to Rich. UCI CalIt2. Discover whether you are an innovator or an entrepreneur; Learn how to transform your idea into a marketable concept; Meet an expert who's in the business of advising new companies. See http://www.socaltech.com/calendar/eventid/23482 June 6, Irvine -- Summer Tech Mixer. Do you love talking tech? Are you a technology enthusiast? Do you write code all day? Do you build software? Are you a web designer? Are you Team Apple or Team Droid? Do you like free food? Do you like to mingle? If you answered YES to any of those questioned then you MUST check out Tech in Motion: Orange County's Summer Tech Mixer! We will have a ton of great food and the happy hour drink specials will go throughout the course of the event. It’ll be a great opportunity to network with new people, catch up with old faces, and talk about the tech market in Southern California. We hope you can come out to meet, network, and converse with fellow techies in the Orange County area. We hope to see you all there. See http://www.socaltech.com/calendar/eventid/23491 June 6, Los Angeles -- Big Data and Marketing Integration: Unleash the Marketing Potential of Big Data (and Small Data) Panel. AMA Los Angeles. The customer data that companies collect from such sources as websites, social media, CRM, POS, digital advertising and mobile is exploding. As the quantity of this valuable marketing data grows exponentially, so does the amount of untapped insights that can be extracted! As marketers, we want to use these insights as a “secret weapon” to better understand and engage with our customers and ultimately drive revenue. But how do we manage this data to make it truly usable?. See http://www.socaltech.com/calendar/eventid/23499 June 6, Santa Barbara -- StartupSB Demo Night. The evening will be a collection of product demos, and of course some background on the product being presented and the company behind it.NEW . See http://www.socaltech.com/calendar/eventid/23501 June 6, Los Angeles -- LOS ANGELES REGIONAL ECONOMIC FORUM. Join the LAEDC, CAFwd and leaders from the California Stewardship Network for an important discussion about L.A. County’s economic future. Your voice is critical to shaping the future of the region.. See http://www.socaltech.com/calendar/eventid/23497 June 7, Westlake Village -- Maverick Angels Investment Accelerator. Do you have a great business idea? Do you find it difficult to raise capital or communicate your offering in a way that is complete or compelling in the time given for your pitch to investors? Many entrepreneurs have promising businesses but are not skilled in how best to present themselves to investors. At Maverick Angels, we understand our responsibility as angel investors to help entrepreneurs streamline their investment pitch and to better articulate their vision to enroll investors. The Investment Accelerator is a Three-Part Process which teaches the fundamental steps for becoming a successful entrepreneur, including time-tested strategies for raising start-up capital from angel and venture capital investors. See http://www.socaltech.com/calendar/eventid/23094 June 7, West Hollywood -- Talenthouse & TechZulu Hackathon! Creative Discovery and Sharing of Art. We here at TechZulu put our heads together with the people at Talenthouse to bring you an exciting weekend of hacking, music, food, art, and Hollywood quality entertainment. The event will focus on solutions driving creative discovery and sharing of art. See http://www.socaltech.com/calendar/eventid/23452 June 7, Santa Monica -- Tech Coast Angels Deal Screening Meeting @ ROC. Invite only. See http://www.socaltech.com/calendar/eventid/23370 June 8, West Hollywood -- Talenthouse & TechZulu Hackathon! Creative Discovery and Sharing of Art. We here at TechZulu put our heads together with the people at Talenthouse to bring you an exciting weekend of hacking, music, food, art, and Hollywood quality entertainment. The event will focus on solutions driving creative discovery and sharing of art. See http://www.socaltech.com/calendar/eventid/23453 June 10, Santa Monica -- Agile Project Management Course. Are you a startup with a growing development team? Do you already manage a team? Or perhaps you're looking to manage one in the near future? This course is for you! Agile software development methodologies allow your team to communicate effectively, work efficiently, and iterate quickly. Go Agile with your team in 8 weeks!. See http://www.socaltech.com/calendar/eventid/23439 June 11, Costa Mesa -- PMI-OC June 2013 Dinner Meeting . Mike Sanders, a program manager at Southern California Edison, will talk about knowledge workers and learning organizations. See http://www.socaltech.com/calendar/eventid/23493 June 11, Santa Monica -- User Acquisition Course. Coloft Academy. Does your startup need to acquire more users? Are you a marketer who needs to brush up on their metric-based user acquisition strategies? Come and learn from the best in the business, local entrepreneur superstar, Sean Percival. See http://www.socaltech.com/calendar/eventid/23440 June 11, Los Angeles -- Technori Pitch LA - June 2013. LA's tech showcase, where geeks, veeps, and everyone in between meets. Technori Pitch is a showcase of Southern California’s most innovative startups, pitching their latest technologies. Impassioned entrepreneurs, developers, designers, tech companies, investors and general tech enthusiasts gather to watch startups launch and present their newest products. Whether you’re deeply immersed in the LA tech scene, or an onlooker ready to jump in, Technori Pitch is the premier event to see firsthand what’s cooking up in our great city. See http://www.socaltech.com/calendar/eventid/23448 June 12, Westlake Village -- Maverick Angels - Southern California Deal Line Up. See http://www.socaltech.com/calendar/eventid/23097 June 13, Newport Beach -- Leading Women of the Nonprofit Sector. Broads Circle. Meet the women who are shaping the Orange County community through the nonprofit organizations they lead. See http://www.socaltech.com/calendar/eventid/23354 June 13, San Diego -- The Tech Coast Angels present MEET THE ANGELS. Are you thinking about starting your own company or in the early stages? The Tech Coast Angels invites San Diego's up and coming entrepreneurs to "Meet the Angels". SDTCA not only has the capital to fund your company, we have the expertise to help make you successful. Sponsored by Mintz Levin, this evening is an incredible opportunity for entrepreneurs to connect with local angel investors before starting on this journey. Apply today. See http://www.socaltech.com/calendar/eventid/23458 June 13, Pasadena -- Caltech Entrepreneurs Forum Innovation Soiree! California Institute of Technology. Summer at Caltech reminds us of graduation and new careers being launched. And likewise the Institute’s beautifully verdant campus reminds us of Caltech’s unmatched output of scientific discovery and technology venture creation. To celebrate entrepreneurship across all of Southern California, the Executive Committee of the Caltech/Entrepreneurs Forum invites you to an evening networking reception. The focus is exclusively networking and making connections (yes, no program!). See http://www.socaltech.com/calendar/eventid/23490 June 14, Los Angeles -- LA CTO Forum. LA CTO Forum is a vibrant, private, invite-only network of software CTOs who exchange ideas, share experiences, and help each other when needed. We conduct monthly meetings, quarterly roundtables, and discuss different business and technology topics. See http://www.socaltech.com/calendar/eventid/23471 June 14, Los Angeles -- LA Unplugged // 2013 Startup Camping Trip. LA Unplugged presents Startup Summer Camp 2013. A camping retreat for LA entrepreneurs and startups. Bring your startup or come solo & meet other LA startups, founders and Silicon Beach entrepreneurs — in the middle of the forest. We are taking over a campground in the Angeles National Forest (about an hour away from LA) and we will have free food, drinks, activities and most importantly, a lot of internetless time to relax. See http://www.socaltech.com/calendar/eventid/23444 June 15, Los Angeles -- LA Unplugged // 2013 Startup Camping Trip. LA Unplugged presents Startup Summer Camp 2013. A camping retreat for LA entrepreneurs and startups. Bring your startup or come solo & meet other LA startups, founders and Silicon Beach entrepreneurs — in the middle of the forest. We are taking over a campground in the Angeles National Forest (about an hour away from LA) and we will have free food, drinks, activities and most importantly, a lot of internetless time to relax. See http://www.socaltech.com/calendar/eventid/23445 June 15, Los Angeles -- Silicon Beach LA Summer Hiring Blitz. The Largest Quarterly Hiring Event For The LA Tech & Startup Community. See http://www.socaltech.com/calendar/eventid/23500 June 16, Los Angeles -- LA Unplugged // 2013 Startup Camping Trip. LA Unplugged presents Startup Summer Camp 2013. A camping retreat for LA entrepreneurs and startups. Bring your startup or come solo & meet other LA startups, founders and Silicon Beach entrepreneurs — in the middle of the forest. We are taking over a campground in the Angeles National Forest (about an hour away from LA) and we will have free food, drinks, activities and most importantly, a lot of internetless time to relax. See http://www.socaltech.com/calendar/eventid/23446 June 18, Hollywood -- Hollywood Economic Development Summit 2013. The Hollywood Chamber of Commerce Economic Development Committee presents the Annual Hollywood Economic Development Summit at the Motion Picture Academy’s Mary Pickford Center, 1313 N. Vine St., in Hollywood. The Chamber’s Summit is your best place to get the latest information about what is happening in Hollywood. This year’s annual event will focus on Hollywood’s future as a tech community. Keynote speaker is Kevin Winston, Founder/CEO of Digital L.A. Other presentations include a panel “Life on the Silicon Strip” with representatives of Hollywood technology firms, a briefing on Kilroy Realty’s Columbia Square Project, a report on Hollywood’s changing demographics and how it is attracting new retail, and remarks from public officials. See http://www.socaltech.com/calendar/eventid/23485 June 21, Santa Monica -- Tech Coast Angels Deal Screening Meeting @ ROC. Invite only. See http://www.socaltech.com/calendar/eventid/23371 June 25, Los Angeles -- Rapid Growth in LA Tech: What's Next? LA’s tech industry is changing, fast. Even faster than you most likely realize. 2012 was a record-setting year for tech in LA. What does this rapidly evolving environment mean for the future of technology entrepreneurs, engineers, and everybody involved in the industry. See http://www.socaltech.com/calendar/eventid/23492 ----------------------------------------------------------------------- Sponsored by: Clearstone Ventures (www.clearstone.com). 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(www.fetchrecruiting.com) Technical Recruiting for LA based Startups and High-Growth Companies Key info (http://www.keyinfo.com) We build private cloud architectures Email sa...@socaltech.com for more information about sponsoring this newsletter. ----------------------------------------------------------------------- You are receiving this email because you subscribed to the socalTECH.com TechNews from our web site, or otherwise requested a subscription. 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