socaltech.com TechNews - Friday, February 24, 2017 Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News ------------------------------------------------------------------------ Sponsored by:
TVC Capital LLC (www.tvccapital.com) Investments and acquisitions of growing software companies. Silicon Valley Bank (http://www.svb.com). Make next happen now. PricewaterhouseCoopers (http://www.socaltech.com/pwc). Binary Pulse Technology Marketing (http://www.binarypulse.com). We Create Demand for California's Technology Companies. Shimokaji IP (http://www.shimokaji.com) Bettering Life Through Creative Ideas ------------------------------------------------------------------------ --Insights: The Cryptic VC's Guide to Saying --Blurr Moves From Boston, Sets Up Shop In LA To Tap Into Social Media Scene --MomentFeed Adds $16.3M --SpaceX Dragon Successfully Docks With ISS --Skyview Capital Sells Off Syncplicity --Rubicon Project Sets Tech Veteran David Day As CFO --MaxLinear Gets Design Win With Vubiq Networks --Esri, ArticDEM Project Release New Arctic Elevation Model Data --Ixia Shifts To 100 Percent Channel Sales MARKETPLACE --Introducing KeyCloud Backup and Recovery as a Service (BRaaS) --Tech Coast, by Silicon Maps, Inc. --Recurring Revenue Conference - April 26 -Los Angeles --Oracle --SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators RECENT JOB POSTINGS --Associate Recruiter, Los Angeles, Safire Partners RECENT FUNDING EVENTS --------------------------------------------------------------------------- Insights: The Cryptic VC's Guide to Saying "No" On Investments ---- For this morning's Insights and Opinions section, where we feature the contributions of our readers, we have an article from Wiliam Hsu, co-founder and managing partner of Mucker Capital (www.muckercapital.com): VCs say a lot of cryptic stuff when we pass on an investment – partially because it make us appear smart, but mostly because we simply don't want to be assholes. So, we try as hard as we can to not simply say "no," when we actually have no intention of giving away one cent. Instead of being straightforward about what we actually mean – "I hate your idea, we are not investing," etc – we say something meaningless like, "I prefer gluten-free cookies." I don't know how many times I've run across entrepreneurs (in and outside of our portfolio) that excitedly tell me about some earth shattering mind meld they just had with an investor, but when I dig into the actual conversation, I quickly realize they just got passed. So to save everyone some embarrassment, and to save myself from having to change my incorrigible behavior, here are some of the most common ways I tend to pass without ever having to say that unfortunate, boring word, "No." (More...) http://www.socaltech.com/articles/the-cryptic-vc-s-guide-to-saying-no-on-investments/a-00270.html --------------------------------------------------------------------------- Blurr Moves From Boston, Sets Up Shop In LA To Tap Into Social Media Scene ---- Blurr, a social media app developer focused on communal photo sharing with users around you, has relocated to Los Angeles from Boston. The startup, which offers up an iOS app, said that Los Angeles was a "far better place" for the company, specifically citing such local Los Angeles companies as Snapchat, Tinder, musical.ly and Flipagram. The company said called LA the "epicentre for Social-Media startups", and also cited the city as likely to have "the best talent" for a social products startup. Blurr says it is backed by Boston area angel investors. http://www.socaltech.com/blurr_moves_from_boston_sets_up_shop_in_la_to_tap_into_social_media_scene/s-0069312.html MomentFeed Adds $16.3M ---- Santa Monica-based MomentFeed, which develops software that helps multi-location, retailers and brands better understand and interact with customers, has raised $16.3M in new funding, the company said this morning. The funding was led by Level Equity, and also included Signia Venture Partners, Draper Nexus and DFJ Frontier. The startup, led by CEO Robert Blatt, said the funding will go towards operations, and to add new products, features, and services for its customers, along with additional sales executives. http://www.socaltech.com/intelligence/?action=showdeal&id=81126 SpaceX Dragon Successfully Docks With ISS ---- Hawthorne, California-based SpaceX has successfully docked its SpaceX Dragon cargo spacecraft to the International Space Station on Thursday morning at 8:12 a.m. EST, after a successful launch earlier this week. NASA said the hatch between the spacecraft and the ISS Harmony module is scheduled to be opened later this afternoon. The SpaceX Dragon is expected to spend about four weeks at the ISS, according to NASA. The Dragon, which is on the tenth Commercial Resupply Services mission (CRS-10) for NASA, is delivering around 5,000 pounds of supplies to the space station. It's a very, very busy week at the ISS, which is also docking another spacecraft--a Russian Progress--on Friday morning at 3:34 a.m. EST. Skyview Capital Sells Off Syncplicity ---- Los Angeles-based private equity investor Skyview Capital has sold off portfolio company Syncplicity, a developer of enterprise file sharing and synchronization software, to Axway. Financial details of the sale were not announced. Skyview Capital had acquired Syncplicity from EMC back in July of 2015. Axway is based Paris, France. Skyview says it focuses on acquisition and management of mission critical enterprises in the areas of technology, telecommunications, business services and manufacturing. Rubicon Project Sets Tech Veteran David Day As CFO ---- Los Angeles-based online advertising marketplace operator Rubicon Project said Thursday morning that it has named David Day, who has served as interim CFO since May of last year, as its Chief Financial Officer. Day had been Chief Accounting Officer at Rubicon Project since March of 2013. Day reports to Rubicon Project's founder and CEO, Frank Addante. Before joining Rubicon Project, Day had been Chief Accounting Officer at ReachLocal, and also served at Overture and Yahoo Search Marketing, co-founded SignJammar, and also served at Spot Runner, in addition to a long career at PricewaterhouseCoopers and Arthur Andersen. MaxLinear Gets Design Win With Vubiq Networks ---- Carlsbad-based radio frequency and mixed signal integrated circuits maker MaxLinear has scored a design win with Irvine-based Vubiq Networks, saying this week that Vubiq is using one of its systems-on-a-chip for a new radio link product. MaxLinear said that Vubiq is using its MxL85100 baseband SoC for its HaulPass V10g radio link product. Expected shipping volumes of the product were not announced. Vubiq's 10 Gbps millimeter wave radio link product is used to transmit high-speed Ethernet data at distances of up to 1.8 kilometers. Esri, ArticDEM Project Release New Arctic Elevation Model Data ---- Redland-based GIS software maker Esri and the ArcticDEM project, a public-private partnership between the National Geospatial-Intelligence Agency (NGA), the Polar Geospatial Center, and Esri, has release a big storehouse of elevation data for the Arctic, the groups said this week. According to the NGA, the release of the elevation data is the largest to date for the project. Esri said that the Arctic region is "uniquely challenged" by by the effects of climate change, including melting ice, and the data is a resource for better planning and adaptation to such issues as coastal erosion and to monitor the rate at which glaciers are receding. Ixia Shifts To 100 Percent Channel Sales ---- Calabasas-based network testing hardware and software developer Ixia said yesterday that it has shifted to a 100 percent, channel sales model for its enterprise customers. Ixia said the adoption of the model was made to show its "unwavering commitment" to its network of reseller partners. Ixia said it has more than 800 resellers who are part of its partner program. --------------------------------------------------------------------------- MARKETPLACE Reach 10000+ readers for 5 days for $250 Post your marketplace ad at: http://www.socaltech.com/postad.html ------------------------------ADVERTISEMENT------------------------------- Introducing KeyCloud Backup and Recovery as a Service (BRaaS) Let’s face it - backups are generally a thankless job and the consequences for getting it wrong can be grave. From evaluating current environments, to proactively monitoring and managing systems, KeyCloud is involved in every step of the process. KeyCloud BRaaS is a fully managed backup and recovery solution for your mission critical data. It includes the software, offsite storage and support - all in an enterprise-grade cloud environment that provides massive scalability, and guaranteed restorability. With KeyCloud, rest assured knowing your most important data is always protected and available, without the hassle of managing it yourself. To receive a risk free 2 month trial of KeyCloud BRaaS, visit http://www.keyinfo.com/braas-free-trial/ ------------------------------ADVERTISEMENT------------------------------- Tech Coast, by Silicon Maps, Inc. Tech Coast, by Silicon Maps, Inc. – Put Your Company On The Map! Promotional Marketing The Tech Coast Map & Calendar, the iconic industry symbol of Technology Innovation in Southern California. The yearly publication is promoted through Print Distribution, Industry Trade Events, Digital Displays, Press Releases, Interactive Web and through Industry Trade Organizations. Put Your Company On The Map! Spotlight your company and Create brand awareness to thousands of technology decision makers locally, nationally and globally. Take part in this effective yearly map campaign to support your region, brand and location(s) while promoting your company as an industry leader, world class innovator and choice employer. The custom imprinted Poster Calendars make the perfect promotional year-end gift for stakeholders and a terrific promotional hand-out all year long. Contact us direct for more information at [email protected] and view the large interactive map on our website at https://www.siliconmaps.com/tech-coast/ ------------------------------ADVERTISEMENT------------------------------- Recurring Revenue Conference - April 26 -Los Angeles Join local entrepreneurs, SaaS innovators, leading VCs, private equity/angel investors April 26, 2017 at the Recurring Revenue Conference (www.recurringrevenueconference.com) presented by Sutton Capital Partners. Whether you are a SaaS or subscription business, or if customer retention is critical to your success, this is the venue to attend. Register at: https://rrc2017.eventbrite.com and use PROMO CODE: SocalTECH for 20% discount. Questions? contact: [email protected] ------------------------------ADVERTISEMENT------------------------------- Oracle Oracle offers a comprehensive and fully integrated stack of cloud applications and platform services for small and mid-sized businesses. For more information about Oracle (NYSE:ORCL), visit www.oracle.com. In Los Angeles, contact Ryan Mondillo ([email protected]). ------------------------------ADVERTISEMENT------------------------------- SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators IP Litigation . IP Transactions . Patent & Trademark Prosecution . IP Strategy . Westlake Village . Santa Barbara . Irvine. [email protected] 805-230-1350 www.socalip.com ------------------------------ADVERTISEMENT------------------------------- Introducing KeyCloud Backup and Recovery as a Service (BRaaS) Let’s face it - backups are generally a thankless job and the consequences for getting it wrong can be grave. From evaluating current environments, to proactively monitoring and managing systems, KeyCloud is involved in every step of the process. KeyCloud BRaaS is a fully managed backup and recovery solution for your mission critical data. It includes the software, offsite storage and support - all in an enterprise-grade cloud environment that provides massive scalability, and guaranteed restorability. With KeyCloud, rest assured knowing your most important data is always protected and available, without the hassle of managing it yourself. To receive a risk free 2 month trial of KeyCloud BRaaS, visit http://www.keyinfo.com/braas-free-trial/ ------------------------------ADVERTISEMENT------------------------------- ------------------------------------------------------------------------ RECENT JOB POSTINGS More jobs at http://www.socaltech.com/Jobs Members post jobs for free Associate Recruiter, Los Angeles, Safire Partners http://www.socaltech.com/showjob.php?id=5684 Senior Product Development Manager, Irvine, Belkin http://www.socaltech.com/showjob.php?id=5680 Director of Communication Systems Engineering, Hawthorne, SpaceX http://www.socaltech.com/showjob.php?id=5679 Marketing Manager, Los Angeles, Belkin http://www.socaltech.com/showjob.php?id=5678 Software Engineer, Los Angeles, Factual http://www.socaltech.com/showjob.php?id=5677 Interim Controller/CFO Consultants and other Accounting/Finance Consultants, Los Angeles, Agility Financial Partners, LLC http://www.socaltech.com/showjob.php?id=5676 ------------------------------------------------------------------------ RECENT FUNDING SUMMARY 02/23/17 MomentFeed $16.3M http://www.socaltech.com/intelligence/?action=showdeal&id=81126 02/23/17 AirMap, Inc. $26.0M http://www.socaltech.com/intelligence/?action=showdeal&id=81125 02/22/17 Maple Media $30.0M http://www.socaltech.com/intelligence/?action=showdeal&id=81063 02/22/17 Tala $30.0M http://www.socaltech.com/intelligence/?action=showdeal&id=81062 02/16/17 Exactuals $10.6M http://www.socaltech.com/intelligence/?action=showdeal&id=80898 02/16/17 Ozobot $10.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80897 02/15/17 Jecure Therapeutics $20.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80894 02/13/17 8i $27.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80828 02/13/17 Dreamscape Immersive, Inc. $11.4M http://www.socaltech.com/intelligence/?action=showdeal&id=80790 02/10/17 SpaceKnow $4.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80650 02/09/17 Float $3.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80893 02/09/17 Exactuals $10.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80640 02/07/17 Netwrix $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80635 02/07/17 GOAT $25.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80577 02/03/17 Airware $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80462 01/30/17 Geneva Healthcare $1.7M http://www.socaltech.com/intelligence/?action=showdeal&id=80203 01/30/17 Comparably $7.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80202 01/30/17 The Bouqs $24.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80201 01/27/17 Virtualitics $3.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80157 01/25/17 Kopari $0.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80154 01/25/17 Ring FKA Doorbot $109.0M http://www.socaltech.com/intelligence/?action=showdeal&id=80148 --------------------------------------------------------------------------- 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 February 25, Pasadena -- Caltech Entrepreneurs Forum - Entertainment. Southern California is still the home of Hollywood -- the symbolic name for the motion picture industry, but that industry has changed dramatically in recent years. Many of the studios have sizable in-house technology development operations, but all acquire technology or technology products from outside their corporate borders. The program is designed to help would be developers and sellers of new movie-related technologies navigate among the giants, learn what areas might provide opportunities, and avoid areas where scale and other industry characteristics render it unlikely that a startup will make inroads. See http://www.socaltech.com/calendar/eventid/25589 February 25, Pasadena -- Technology Startups go to the Movies: Opportunities and Hurdles for Selling New Technologies into the Motion Picture Industry! Caltech Entrepreneurs Forum. Southern California is still the home of Hollywood - the symbolic name for the motion picture industry - but that industry has changed dramatically in recent years. Theatrical release competes with broadcast and cable television and streaming video on demand. At the same time, the vast majority of distribution of feature motion picture content remains concentrated in a small number of very large corporate entities. The half- dozen movie giants that have been with us in one form or another since the 1930s, plus huge upstarts like Netflix and Amazon (Prime). Many of the studios have sizable in-house technology development operations, but all acquire technology or technology products from outside their corporate borders. Come hear about the opportunities - and challenges - for tech developers hoping to make it in show biz. See http://www.socaltech.com/calendar/eventid/25603 February 27, Los Angeles -- StartEngine Equity Crowdfunding Workshop. StartEngine is organizing the first equity crowdfunding one day free workshop for companies to go live the same day. Normally, a company will spend thousands of dollars on an accountant, lawyer, copywriter and other vendors to get their campaign to go live plus many dozen of hours in preparation time. The workshop provides all of these services at no cost. The idea of a same day go live workshop is helpful for entrepreneurs who are very busy. Contact Howard Marks, CEO at [email protected]. See http://www.socaltech.com/calendar/eventid/25596 February 28, Los Angeles -- LA Fintech Mix Mingle Network. Come mix and mingle with other Financial Technologist's Tues February 28. Learn about the newest and fastest changes going on in financial technology. Finance is undergoing a massive change some call the "financial paradigm". Laws from 1930-1940 (old right?) are getting broken down with technological innovation in finance. Find partners, talk about your project, bounce ideas, discover LA Fintech. See http://www.socaltech.com/calendar/eventid/25606 March 2, Santa Monica -- LA CEOs. LA CEOs presents: Belkin CEO, Chet Pipkin - Internet of Things (IoT)Chet Pipkin is the Founder, Chairman and CEO of Belkin International based in Playa Vista, in the heart of Los Angeles. In his parents' garage in the early 1980s, he founded what became Belkin International and its three distinct brands, Belkin, Linksys, and WeMo. Fast Company recently named Belkin one of the World’s Most Innovative Companies in the Internet of Things (IoT). The Belkin team’s people-centric approach to IoT innovations and Belkin’s passion for delightful user experiences anchor the company's successes. Today Belkin is a leading brand in the technology and consumer electronic sectors, and has offices in more than 20 countries around the world. Belkin is a multiple-time Inc. 500 This free event is restricted to qualified CEOs & CFOs only. Confirmed RSVP required. No service providers.. See http://www.socaltech.com/calendar/eventid/25600 March 2, Pasadena -- SCALE. Now celebrating its 15th year, the Southern California Linux Expo SCALE 15X is the largest Linux and Open Source Software show in North America.. See http://www.socaltech.com/calendar/eventid/25597 March 3, Pasadena -- DevOpsDay LA. LA's very own 1 day DevOps conference. See http://www.socaltech.com/calendar/eventid/25598 March 8, Thousand Oaks -- What is Conservation Mechatronics. The Aerial and Aquatic Robotic Research Group (AARR) at CSU Channel Islands takes advantage of affordable and miniaturized electronics, small batteries, 3D printing, and open source development to build Remotely Operated Vehicles (ROV.) Undergrads and middle schoolers now design, build, operate, and collect data using these tools. Learn how you can participate, and how this technology can lead to a more sustainable future. See http://www.socaltech.com/calendar/eventid/25610 March 22, Los Angeles -- Join us at the Pepperdine West Los Angeles Graduate Campus and learn invaluable information about what it means to be an entrepreneur. Breakfast provided. Are you looking to expand your knowledge of new product innovation and commercialization? If the answer is yes then this session is definitely for you! This session breaks down the chaotic product innovation process into three simple sections. These three sections, in priority order are: • Marketing • Technical Feasibility • Protectability A significant portion of this talk covers Marketability, since this is the area where 420f ventures fail for lack of creating a needed product. The talk delves into the 4 Ps of Marketing; Product, Price, Promotion, and Place as well as supporting content. The other two Keys, Technical Feasibility and Protectability, will be covered as well. This talk is particularly suited for those who are looking to expand their knowledge of new product innovation and commercialization. See http://www.socaltech.com/calendar/eventid/25590 March 22, Los Angeles -- MAKE IT Monthly - From Prototype to Scale: How to Partner with Contract Manufacturers. You have a prototype, but now what? Whether you’ve designed a garment or an electronic device, you can work with contract manufacturers (CMs) to get your product manufactured; find out how. Durolabs founder Michael Corr will provide practical advice for getting your product off the ground. See http://www.socaltech.com/calendar/eventid/25613 ----------------------------------------------------------------------- Sponsored by: TVC Capital LLC (www.tvccapital.com) Investments in and Acquisitions of Growing Software Companies Silicon Valley Bank (http://www.svb.com). Make next happen now. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. Safire Partners (http://www.safirepartners.com). SoCal-based executive search for emerging growth companies Binary Pulse Technology Marketing (http://www.binarypulse.com). We Create Demand for California's Technology Companies. Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud PricewaterhouseCoopers (http://www.socaltech.com/pwc). Shimokaji IP (http://www.shimokaji.com) Bettering Life Through Creative Ideas La Visual (http://Lavisual.com) A Branding, Product Strategy & Rapid Prototyping Accelerator 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://listserv.socaltech.com/mailman/listinfo/socaltech 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) 2017 SOCALTECH LLC. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361 _______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
