socaltech.com TechNews - Thursday, July 19, 2012 Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News ------------------------------------------------------------------------ Sponsored by:
Clearstone Ventures (www.clearstone.com). Venture capital for innovators. Safire Partners (http://www.safirepartners.com). Los Angeles-based executive search for emerging growth companies Deloitte LLP (http://www.deloitte.com/us/technology). Siemer & Associates (http://www.siemer.com) Global Technology Merchant Bankers. TriNet (http://www.socaltech.com/trinet) The preferred strategic HR partner for emerging tech companies. ------------------------------------------------------------------------ --Baroda In Fab.com's New $105M Funding --Vyclone Launches Collaborative Video Editing App --Independa Links With GreatCall --MaxLinear: Patent Lawsuit Without Merit --RightScale Buys ShopForCloud For Cloud Forecasting --Siminoff's Latest Project: POP Charger --Report: Amonix Shuts Vegas Factory --Obalon Raises $16.5M For Weight Loss Technology --MaxLinear Sued By Competitor --Media Temple Ties With Virb --Retention Science Gets $1.3M For Ecommerce Software --Report: Buy.com's Grover, Giraudi Stepping Down MARKETPLACE --Binary Pulse Technology Marketing. We Create Demand. --Fetch Recruiting, Inc. --Ventura Ventures Technology Center (V2TC) - Business Incubator RECENT JOB POSTINGS --Production Test Engineer, Chatsworth, DataDirect Networks --Sales Account Manager, Irvine, Tektronix --Director, Development, West Los Angeles, Fetch Recruiting --Product Manager, West Los Angeles, Fetch Recruiting --Application Support Engineer, Los Angeles, DataDirect Networks --Manufacturing Engineer, Chatsworth, DataDirect Networks RECENT FUNDING EVENTS ------------------------------ADVERTISEMENT------------------------------- TriNet: Top 5 HR Compliance Concerns for Small Business As the economic horizon continues to shift and belts tighten, small and medium sized companies — who typically have between 10 to 500 employees and represent 99.7 percent of all employer firms according to the U.S. Small Business Administration (SBA) — may wind up being so focused on core business issues that they overlook one of their most potentially serious and costly issues — human resource compliance. Unlike their large-company counterparts, they lack the time and resources to build infrastructure and processes that are beyond core business objectives. But if entrepreneurs and smaller business owners are focused solely on growth and product, how do they know what issues to look for in order to protect the company? This is a must-read paper that discusses the top 5 HR compliance issues they may face. Download at: http://www.socaltech.com/trinet/wp.php?id=5 --------------------------------------------------------------------------- *** Hello all-- we are in the midst of shifting to a new email server, please let us know if you run into any issues with our email today - thanks! Ben --------------------------------------------------------------------------- Baroda In Fab.com's New $105M Funding ---- Los Angeles investor Baroda Ventures, the venture capital arm of David Bohnett, has re-upped on online fashion and e-commerce site Fab.com, in a big, $105M third round of funding for that site. Baroda has been an investor in Fab since its seed funding back in June of 2010. Fab.com said the new funding round was led by Atomico, and also included Pinnacle Ventures, re-Net Technology Partners, Mayfield Fund, DoCoMo, Menlo VEntures, Andreessen-Horowitz, and First Round Capital. Fab.com operates an online, flash-sales and e-commerce site that revolves around design; the site originally started as a social network, and is headed by Jason Goldberg. Bohnett is the founder of Geocities.com. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=44138 Vyclone Launches Collaborative Video Editing App ---- A new, Los Angeles-based startup, Vyclone, said today that it has launched its social, collaborative, and sharing app for the iPhone, which allows users to take videos from multiple people at the same event, and allows them to collaboratively edit those videos, synchronizing them into a single movie. Vyclone said its free app--now available in the App Store--allows two or more users to upload raw video footage from the same event, and automatically synchronizes and edits multiple clips from that event into a single movie. The app runs on both the iPhone and iPod Touch. The firm's CEO and co-founder is David King Lassmann, and co-founder and Chief Creative Officer is Joe Sumner. Among a bevy of features on the app are ability to modify videos with different creative filters (black and white, sepia), sharing of movies to Twitter and Facebook, and social features like tagging, commenting, and liking of videos from other users. Independa Links With GreatCall ---- San Diego-based Independa, the developer of electronic devices and services to help encourage independent living among the elderly, said yesterday that it has integrated an urgent response system from fellow San Diego firm GreatCall into its wireless monitoring platform. Independa said it has linked GreatCall's 5Star Urgent Response system, as its first safety monitoring feature for its system. 5Star is a service--which works with GreatCall's Jitterbug mobile phone, iPhone, and Android--which can summon help for care recipients. Financial details of the link were not announced. Independa is integrating multiple systems to help the elderly remain independent longer. MaxLinear: Patent Lawsuit Without Merit ---- Carlsbad-based MaxLinear, the manufacturer of radio frequency and mixed signal semiconductors, has responded to the patent lawsuit filed against the firm yesterday by Silicon Laboratories, and says the lawsuit is "without merit". MaxLinear said the complaint is part of a "continuing pattern of making false accusations against the company" by Silicon Laboratories. RightScale Buys ShopForCloud For Cloud Forecasting ---- Santa Barbara-based cloud managmeent software developer RightScale is launching a brand new product for cloud cost forecasting, thanks to the acquisition of ShopForCloud, a Scotland company developing free cloud forecasting software, the firm announced Wednesday. Financial details of the acquisition were not disclosed. According to RightScale, which is headed by Michael Crandell, it has rebranded ShopForCloud's product as PlanForCloud, which allows companies to model various cloud architectures and usage patterns to better budget for their cloud costs. The software figures out what servers, storage, database, and data transfers are needed for cloud deployment, so that companies can better forecast their cloud service needs and costs. Siminoff's Latest Project: POP Charger ---- Jamie Siminoff, the former CEO of Unsubscribe.com, has a new project, and--rather than angel of venture capital funding--he's turned to none other than Kickstarter to fund it. Siminoff launched POP, a project to create what he calls the "largest portable device charger available" on Kickstarter this week, looking to raise $50,000 to fund the effort. POP is a rechargable, portable battery with a 25,000 mAh battery, capable of charging multiple, electronic devices at once. POP's project page on Kickstarter says it expects to be able to charge 10 iPhones at a time using the device. The project is the first on Kickstarter for Siminoff, but it's not the first venture he's backed: he headed up Unsubscribe.com, selling it to TrustedID, and also was co-founder and CEO of SimulScribe, a developer of voice-to-text conversion products. Report: Amonix Shuts Vegas Factory ---- Seal Beach-based photovoltaic power firm Amonix has shut its Las Vegas factory, according to a report from the Los Angeles Review-Journal, some further bad news for the heavily backed solar panel manufacturer. Amonix--which had raised $129.4M in funding from Kleiner, Perkins, Caufield & Byers--has been suffering since the unexpected death of its CEO, Brian Roberts, in a plane crash in December. The firm has had a series of layoffs since then. Amonix apparently had, at one point, as many as 700 employees at the Las Vegas plant. Obalon Raises $16.5M For Weight Loss Technology ---- San Diego-based Obalon said Wednesday afternoon that it has raised $16.5M, in a Series C funding. The funding was led by InterWest Partners, and also included Domain Associates and Okapi Venture Capital. Obalon is a developer of gastric balloon technology which is used for weight loss therapy; the firm's medical device is swallowed, and then remotely inflated, which creates a feeling of fullness which helps people to eat less. The firm said it is currently enrolling patient in a U.S. clincal trial, and has already received CE Mark approval in Europe. http://www.socaltech.com/intelligence/index.php?action=showdeal&id=43057 MaxLinear Sued By Competitor ---- Carlsbad-based MaxLinear, which develops radio frequency and mixed signal semiconductors, has been sued by one if its competitors, Silicon Laboratories. Silicon Laboratories said it has filed a patent infringement lawsuit against MaxLinear in the Southern District of California, San Diego Division. Silicon Labs said it now has patent litigation against MaxLinear covering twenty of its patent related to RF and mixed-signal design. Silicon Labs said it is asking the court for an injunction stopping the sale of all of MaxLinear's infringing products. Media Temple Ties With Virb ---- Los Angeles-based Media Temple, the web hosting firm, is partnering with Virb to help small businesses, artists, musicians, and others to create their own web sites, the firms said yesterday. According to the two, they have integrated their services, which will provide access to both firms' tools for site building, domain names, email, and web hosting. Financial terms of the deal were not disclosed. Virb provides a service which helps creative types to create their own websites. Retention Science Gets $1.3M For Ecommerce Software ---- Santa Monica-based Retention Science, a new startup out of the MuckerLab accelerator,announced Wednesday that it has raised $1.3M in a seed funding. The firm, which is developing big data software for helping e-commerce sites to attract and retain customers, said the funding came from Baroda Ventures, Mohr Davidow Ventures, Double M Partners, as well as angels Bong Koh (Lifecrowd), Clark Landry (GraphEffect), Kunal Anand (BBC; MySpace; Gravity), Mike Greenfield (Circle of Moms), Paige Craig, among others. Retention Science is using big data techniques to help model online visitors, and figure out how to convert them into cusotmers. The firm was co-founded b YJerry Jao and Andrew Waage. http://www.socaltech.com/intelligence/?action=showdeal&id=44060 Report: Buy.com's Grover, Giraudi Stepping Down ---- Neel Grover, the CEO of Aliso Viejo-based Buy.com, along with COO Greg Giraudi are stepping down on September 1st, according to an internal note published by TechCrunch yesterday. Buy.com, which was acquired by Rakuten in 2010, has not publicly announced the move, but the note from Grover said that he will remain on the company's board. No reasons for the move were given, however, the two said in the note they will be "pursuing some other professional interests" and board seats. --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------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------------------------------- Ventura Ventures Technology Center (V2TC) - Business Incubator The Ventura Ventures Technology Center (V2TC) is a high-tech business incubator located in downtown Ventura, CA. V2TC offers a creative environment where high-tech start-ups and entrepreneurs can network, brainstorm, and grow their business. Work-spaces are affordable, flexible and scalable in order to allow companies the ability to manage their growth effectively and efficiently. Learn more at http://www.v2tc.com ------------------------------ADVERTISEMENT------------------------------- ------------------------------------------------------------------------ RECENT JOB POSTINGS More jobs at http://www.socaltech.com/Jobs Members post jobs for free Production Test Engineer, Chatsworth, DataDirect Networks http://www.socaltech.com/showjob.php?id=5381 Sales Account Manager, Irvine, Tektronix http://www.socaltech.com/showjob.php?id=5380 Director, Development, West Los Angeles, Fetch Recruiting http://www.socaltech.com/showjob.php?id=5379 Product Manager, West Los Angeles, Fetch Recruiting http://www.socaltech.com/showjob.php?id=5378 Application Support Engineer, Los Angeles, DataDirect Networks http://www.socaltech.com/showjob.php?id=5377 Manufacturing Engineer, Chatsworth, DataDirect Networks http://www.socaltech.com/showjob.php?id=5376 ------------------------------------------------------------------------ RECENT FUNDING SUMMARY 07/18/12 Retention Science $1.3M http://www.socaltech.com/intelligence/?action=showdeal&id=44060 07/16/12 Tealium Inc. $10.5M http://www.socaltech.com/intelligence/?action=showdeal&id=44042 07/12/12 POPTENT INC $5.5M http://www.socaltech.com/intelligence/?action=showdeal&id=43964 07/11/12 ValCare $8.0M http://www.socaltech.com/intelligence/?action=showdeal&id=43669 07/11/12 SteelHouse $8.3M http://www.socaltech.com/intelligence/?action=showdeal&id=43670 07/11/12 StackSocial $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=43674 07/11/12 MiCardia $4.4M http://www.socaltech.com/intelligence/?action=showdeal&id=43098 07/10/12 Zumbox $10.0M http://www.socaltech.com/intelligence/?action=showdeal&id=43641 07/09/12 BIOSURPLUS, INC. $2.4M http://www.socaltech.com/intelligence/?action=showdeal&id=43614 06/29/12 Sonendo, Inc. $9.2M http://www.socaltech.com/intelligence/?action=showdeal&id=43467 06/28/12 DogVacay $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=43459 06/28/12 Kuapay $4.0M http://www.socaltech.com/intelligence/?action=showdeal&id=43466 06/27/12 Chill FKA Namesake $8.0M http://www.socaltech.com/intelligence/?action=showdeal&id=43455 06/26/12 Big Frame $3.0M http://www.socaltech.com/intelligence/?action=showdeal&id=43450 06/26/12 Rally.org $7.9M http://www.socaltech.com/intelligence/?action=showdeal&id=43449 06/22/12 BlockBeacon, Inc. $0.5M http://www.socaltech.com/intelligence/?action=showdeal&id=43396 06/22/12 On Ramp Wireless $10.0M http://www.socaltech.com/intelligence/?action=showdeal&id=43394 06/21/12 CapLinked, Inc. $0.4M http://www.socaltech.com/intelligence/?action=showdeal&id=43389 06/20/12 Gradient X $3.8M http://www.socaltech.com/intelligence/?action=showdeal&id=43384 06/20/12 Pathbrite $2.5M http://www.socaltech.com/intelligence/?action=showdeal&id=43383 --------------------------------------------------------------------------- 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 July 19, Redondo Beach -- Evernote Basics Free version vs. Premium What is Evernote Evernote Web Browser Extensions Evernote for Small Business Sharing Notebooks Tags within Evernote Emailing to your evernote account Managing Business Cards in Evernote @MyEn - integration Apps to use with Evernote (Mobile & Desktop) and more ... Email . [email protected]. See http://www.socaltech.com/calendar/eventid/22608 July 19, Riverside -- Site Selection 101. Consultants Forum Series, Riverside County EDA, City of Riverside, and Riverside Public Utilities. See http://www.socaltech.com/calendar/eventid/22623 July 19, San Diego -- The Emerging Wireless & Mobile Software Development SIG: Near Field Communications. CommNexus. Near Field Communications is a short range (less than 4cm) technology that enables secure, simple, low bit rate connectivity. It has been in development and slow deployment for a decade. Analysts project NFC to have tremendous growth over the next few years. We will review current technology and its deployment challenges in the dominant mobile wallet ecosystem.. See http://www.socaltech.com/calendar/eventid/22606 July 19, Costa Mesa -- Mobile & Video: the rapidly changing face of digital marketing. TCOSC Marketing & Sales Executives Society. Changing Consumer behavior, new digital content distribution models, and different viewing devices are rapidly re-shaping the way businesses should go to market. Learn where and how audiences are consuming digital content. Speakers: Ben Philyaw, President, Lightmaker Stu Barnes, Sr Director, Western Region, Brightcove, IncNEW . See http://www.socaltech.com/calendar/eventid/22625 July 20, Los Angeles -- LA Startup Weekend. Ever wondered what it takes to be an entrepreneur? The professional and personal challenges, the high and lows, the failures and the success? Startup Weekend is a global grassroots movement of active and empowered entrepreneurs who are learning the basics of founding startups and launching successful ventures. It is the largest community of passionate entrepreneurs with over 400 past events in 100 countries around the world in 2011. See http://www.socaltech.com/calendar/eventid/22614 July 21, Los Angeles -- LA Startup Weekend. Ever wondered what it takes to be an entrepreneur? The professional and personal challenges, the high and lows, the failures and the success? Startup Weekend is a global grassroots movement of active and empowered entrepreneurs who are learning the basics of founding startups and launching successful ventures. It is the largest community of passionate entrepreneurs with over 400 past events in 100 countries around the world in 2011. See http://www.socaltech.com/calendar/eventid/22615 July 21, Los Angeles -- Early X Foundation Discovery Day. The Early X Foundation is excited to kick-off the next phase in the evolution of its incubation process with its next Discovery Day on July 21 - this time with several very interesting technologies chosen with our partners at Pacific Northwest National Laboratories and Caly Poly - San Luis Obisbo. See http://www.socaltech.com/calendar/eventid/22595 July 22, Los Angeles -- LA Startup Weekend. Ever wondered what it takes to be an entrepreneur? The professional and personal challenges, the high and lows, the failures and the success? Startup Weekend is a global grassroots movement of active and empowered entrepreneurs who are learning the basics of founding startups and launching successful ventures. It is the largest community of passionate entrepreneurs with over 400 past events in 100 countries around the world in 2011. See http://www.socaltech.com/calendar/eventid/22616 July 23, Redondo Beach -- The Who,What,When,Where & How of Blogging. Why Blog? What to Blog About Which platforms to use * Tumblr * Blogger * Wordpress * Posterous Domain Options RSS Feed Options Managin Comments Who is reading your blog? * Analytics (Google Analytics, Chartbeat) Promoting Your Blog * Facebook * Twitter * Youtube * Viddy/SocialCam And other topics. Email [email protected]. See http://www.socaltech.com/calendar/eventid/22609 July 24, San Diego -- The Tech Coast Angels presents 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" that can help you make your dream come true. Hosted by Sheppard Mullin, this evening is an incredible opportunity for entrepreneurs to connect with local angel investors before starting on this journey. This exclusive evening will also serve as the official location to announce the details of the annual San Diego Tech Coast Angels Quick Pitch Competition; one of the nation's best Angel investment events. See https://www.cvent.com/events/meet-the-angels/registration-d31686c4fff849f4a6b8af7c4049568a.aspx. See http://www.socaltech.com/calendar/eventid/22587 July 25, Santa Monica Los Angeles -- LA Ad Tech Happy Hour. Come hang out with the Ad Tech community in Los Angeles for a no-host happy hour. If you geek out over the Ad Tech, OMMA & Digiday conferences, this is for you. If you print LUMA Partners' lumascapes to hang on your wall, this is for you. If you hang on Mary Meeker's every word, this is for you. If you quote eMarketer's estimates in your sleep, this is for you. If you just want to grab a drink with casual peeps in the middle of Summer, this is for you. See http://www.socaltech.com/calendar/eventid/22619 July 25, Santa Clarita -- Rock Star Marketing. You have this epic product (or idea). It's like totally going to totally disrupt the universe. But the only people that know about it are you and your mom in your basement. Marketing is at the core of everything. You market to investors. You market to vendors. You market to your employees and you market to recruit the best employees. And of course you market to customers. If it's so important, why do we suck at it? I've asked a marketing expert...a ROCK STAR on marketing...to come and spend some time with us and teach us how to become Rock Star marketers in our space. See http://www.socaltech.com/calendar/eventid/22602 July 26, Los Angeles Westside -- Growth Capital Conference. Network with capital sources,advisors,dealmakers and 100 entrepreneurs seeking capital & counsel. DEAL DISPLAYtm showcases attractive firms needing growth capital. View products, videos, online demos. Hot Networking Breakfast at 7:00 AM sharp. See http://www.socaltech.com/calendar/eventid/22492 July 26, Redondo Beach -- Social Media School - Beginners. It's time to learn about social media and how it can assist you in your personal and professional life. Email [email protected]. See http://www.socaltech.com/calendar/eventid/22610 July 26, Santa Monica -- Silicon Beach Tech Crawl. Take a tour of some of the hottest Silicon Beach tech companies. Sponsored by TZ, ParkMe, GumGum, and othersNEW . See http://www.socaltech.com/calendar/eventid/22624 July 26, Altadena -- Co-Founders Wanted of Los Angeles. The purpose of this inperson Meetup is to help you find a co-founder for your business or help you find a business to join as a co-founder. See http://www.socaltech.com/calendar/eventid/22571 August 1, San Diego -- MIT Enterprise Forum, Wine Social. The MIT Enterprise Forum San Diego signature wine social, held annually, is widely recognized as the premier networking event for San Diego's technology and biotechnology community. See http://www.socaltech.com/calendar/eventid/22597 August 1, Santa Monica -- Next MediaLeaders Networking Event. Hey there MediaLeaders. Summer is officially here and we’re hosting a Santa Monica networking event at the Sonoma Wine Garden to celebrate this great weather. This spacious venue has tons of outdoor seating and lots of areas to mingle and chat about all things tech, marketing and advertising. If you look close…you can see the Santa Monica beach from the balcony. See http://www.socaltech.com/calendar/eventid/22590 August 2, Calabasas -- 9th Annual Summer Social for the electronics industry at the World Famous Sagebrush Cantina. This event typically draws 150+ and is always a lot of fun reuniting old friends and making new ones~! All distributors, mfrs. reps, OEM's and anyone related to the electronics industry here in So. California. Email [email protected]. See http://www.socaltech.com/calendar/eventid/22620 August 14, Santa Monica -- LAVA's Annual Venture Capital Panel. Meet the top VCs who are investing in Southern California. Find out what they are looking to invest in. Find out what does it take to secure Venture Capital for your company. Learn about the hottest trends and the mistakes NOT to make. Moderator: Jon Funk, Founder, Ocean Road Partners. Confirmed Panelists: Jim Andelman, Managing Partner, Rincon Venture Partners; David Casares, Principal, Vicente Capital Partners; Dana Settle, Partner, Greycroft PartnersNEW . See http://www.socaltech.com/calendar/eventid/22627 ----------------------------------------------------------------------- Sponsored by: Rustic Canyon Partners (www.rusticcanyon.com). Funding great entrepreneurs. 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 Binary Pulse Technology Marketing (http://www.binarypulse.com). We Create Demand for California's Technology Companies. Deloitte LLP (http://www.deloitte.com/us/technology). Siemer & Associates (http://www.siemer.com) Global Technology Merchant Bankers. TriNet (http://www.socaltech.com/trinet) The HR outsourcing partner for emerging tech companies. Fetch Recruiting, Inc. (www.fetchrecruiting.com) Technical Recruiting for LA based Startups and High-Growth Companies Email [email protected] 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. If you do not want to receive this newsletter go to: http://www.socaltech.com/unsubscribe.php or email us at [email protected] ------------------------------------------------------------------------ Legal Notices ---- While SOCALTECH LLC has used its best efforts in collecting and preparing the information published herein, SOCALTECH LLC does not assume, and hereby disclaims, any liability for any loss or damage caused by errors or omissions, whether such errors or omissions resulted from negligence, accident or other causes. All contents Copyright (c) 2012 SOCALTECH LLC. 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