*socaltech.com <http://socaltech.com> TechNews - Thursday, August 16, 2018* 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. Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud Shimokaji IP (http://www.shimokaji.com) Bettering Life Through Creative Ideas Singer Lewak (http://www.singerlewak.com) Accounting and Consulting for Growing and Innovative Businesses ------------------------------ *Headlines * - Insights: Mobile Gaming Founders Blazing New Trails <#m_7002931314343821273_0075727> - The Boring Company Aims To Connect Red Line, Dodger Stadium <#m_7002931314343821273_0075726> - Stamps.com Completes $220M MetaPack Buy <#m_7002931314343821273_0075728> - Wired Looks At The Early Days Of Sonos <#m_7002931314343821273_0075729> - GreatCall Acquired By Best Buy For $800M <#m_7002931314343821273_0075725> - LA Cryptocurrency Investor Seeks $223.8M From AT&T Over Crypto Theft <#m_7002931314343821273_0075724> - AuditBoard Find $40M For Risk, Compliance Software <#m_7002931314343821273_0075718> *Marketplace* - Precellerator Program Moves Offices <#m_7002931314343821273_ad736> - Simplify Cloud Management - Multi-Cloud Command & Control from Key Info <#m_7002931314343821273_ad729> - Stradling <#m_7002931314343821273_ad608> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#m_7002931314343821273_ad596> - SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <#m_7002931314343821273_ad611> *Thursday, August 16, 2018* *Insights: Mobile Gaming Founders Blazing New Trails* <http://www.socaltech.com/fullstory/0075727.html> In our Insights and Opinions section, we regularly feature contributions from the local community about the local technology ecosystem. Today, we have an opinion piece from Ed Guerrero of Silicon Valley Bank, on the mobile gaming industry. One of the best things about working at Silicon Valley Bank in Los Angeles is the access to amazing founders and companies. Since we're deeply focused on the innovation ecosystem and bank over 50% of venture capital-backed companies, I have the luxury of seeing trends across the startup ecosystem. This blog post highlights a trend I'm seeing here in Los Angeles: Established mobile gaming founders are leveraging their deep mobile expertise, including performance marketing, into new non-gaming verticals. Because mobile gaming was the first category to dominate the App Store, these entrepreneurs are leveraging their 10+ years of experience to create a distinct advantage. (More... <http://www.socaltech.com/fullstory/0075727.html>) *The Boring Company Aims To Connect Red Line, Dodger Stadium* <http://www.socaltech.com/fullstory/0075726.html> The Boring Company, the Los Angeles company founded by Elon Musk to create underground transportation systems, said late Wednesday evening that it is proposing a new, high speed, underground public transportation system specifically designed to connect Los Feliz, East Hollywood, or Rampart Village neighborhoods to Dodger Stadium. According to The Boring Company, the system would connect the Red Line to Dodger Stadium, allowing fans to get to Dodger Stadium in under 4 minutes. (More... <http://www.socaltech.com/fullstory/0075726.html>) *Stamps.com Completes $220M MetaPack Buy* <http://www.socaltech.com/fullstory/0075728.html> El Segundo-based Stamps.com said Wednesday afternoon that it has completed its $220M acquisition of UK-based MetaPack Ltd., a provider of e-commerce shipping software. Stamps said it paid approximately $220M in fash, from its existing cash and investments, for MetaPack. The deal had originally been announced in July. According to Stamps.com, it plans to operate MetaPack as a wholly owned subsidiary, under its existing management team. MetaPack was founded in 1999. As part of the buy, Stamps. (More... <http://www.socaltech.com/fullstory/0075728.html>) *Wired Looks At The Early Days Of Sonos* <http://www.socaltech.com/fullstory/0075729.html> How, exactly, did Santa Barbara-based Sonos get to where it is today? In an in-depth look, Wired just posted a long article charting the path of Nick Millington, the Chief Product Officer at Sonos, and the evolution of the company's whole home sound systems. Sonos just became the latest Central Coast company to have an IPO, one of a long string of successful technology startups to come out of the region. (More... <http://www.socaltech.com/fullstory/0075729.html>) *GreatCall Acquired By Best Buy For $800M* <http://www.socaltech.com/fullstory/0075725.html> San Diego-based GreatCall, which sells the Jitterbug and other phones and safety devices aimed at the senior market, has been acquired by Best Buy, in a deal worth $800M in cash. Best Buy announced the acquisition on Wednesday afternoon. Best Buy said the acquisition would help it expand in the "large and growing" health space. Best Buy said that GreatCall has over 900,000 subscribers. (More... <http://www.socaltech.com/fullstory/0075725.html>) *LA Cryptocurrency Investor Seeks $223.8M From AT&T Over Crypto Theft* <http://www.socaltech.com/fullstory/0075724.html> Michael Terpin, a well known serial entrepreneur who is very active in the Los Angeles technology industry--and has since made a name for himself as an early cryptocurrency investor and pioneer--is suing AT&T over the loss of $23.8 million due to a "SIM swap" scam. Terpin is seeking $223.8M in his lawsuit, including $200M in punitive damages, for AT&T's role in allowing an AT&T agent to transfer Terpin's cellphone account to an international criminal gang. (More... <http://www.socaltech.com/fullstory/0075724.html>) *AuditBoard Find $40M For Risk, Compliance Software* <http://www.socaltech.com/fullstory/0075718.html> Los Angeles-based AuditBoard, a developer of risk and compliance software used to help auditors streamline their work, has raised $40M in a funding round, the company disclosed this morning. The funding was led by Battery Ventures. Michael Brown of Battery Ventures joins the company's board with the funding. AuditBoard was founded by Daniel Kim and Jay Lee. The company was formerly known as SOXHUB, but renamed itself to AuditBoard in November of last year. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=53252>)(More... <http://www.socaltech.com/fullstory/0075718.html>) *Precellerator Program Moves Offices <https://www.newswire.com/news/sa-m-preccelerator-program-announces-milestone-tenth-class-of-companies-20587940>* The Preccelerator Program, a Santa Monica, California-based early-stage startup accelerator focused on digital media companies, is moving its Santa Monica offices as a result of its growth as it adds its milestone tenth class of companies featuring six innovative startups including AlgoPay, Checkplis, HaloLoop, Screen Door Labs, Star Metrics and UNOMI. The new Preccelerator office, located at 1316 3rd Street Promenade, both increases the co-working space for the in-house companies and increases event space. Learn more here: https://www.newswire.com/news/sa-m-preccelerator-program- announces-milestone-tenth-class-of-companies-20587940 *Simplify Cloud Management - Multi-Cloud Command & Control from Key Info <https://www.keyinfo.com/public-cloud/#streamone>* Simplify Cloud Management - Multi-Cloud Command & Control from Key Information Systems A major downfall of a hybrid or multi-cloud environment is the difficulty in monitoring and maintaining numerous instances across several accounts and platforms. Add that to deployment complexity and capacity issues, and your business will struggle to reap the benefits of cloud. A multi-cloud consolidation platform from KeyInfo solves these issues and more! KeyInfo provides top notch multi-cloud services, management capabilities and tailored support. We enable customers to procure cloud services from a single source, allowing for the access and management of a full range of industry-leading IaaS cloud providers including Amazon Web Services, IBM, Microsoft and more. We work with you to meet your cloud strategy needs and enable you to leverage all of the unique capabilities of the platform. To schedule an appointment, visit https://www.keyinfo.com/public-cloud/#streamone *Stradling <http://www.sycr.com>* Stradling, Attorneys At Law (<a href="http://www.sycr.com";>http://www.sycr.com) 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. *Early Stage Commercial Insurance - Pacific Unified Insurance Agency <[email protected]>* 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. Contact: John Huttinger, CIC, CRM Vice President Ph#310-370-5000 Ext 3025 w Fx 310-370-5454 [email protected] *SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <http://www.socalip.com>* IP Litigation . IP Transactions . Patent & Trademark Prosecution . IP Strategy . Westlake Village . Santa Barbara . Irvine. [email protected] 805-230-1350 www.socalip.com ------------------------------ *Recent Funding <#m_7002931314343821273_funding>* 8/15/18 AuditBoard <http://www.socaltech.com/intelligence/?action=showdeal&id=93227> La Palma $40.00 M 8/14/18 Airspace Technologies <http://www.socaltech.com/intelligence/?action=showdeal&id=93223> Carlsbad $8.00 M 8/10/18 Appetize <http://www.socaltech.com/intelligence/?action=showdeal&id=93222> Los Angeles $23.00 M 8/07/18 Sagewise <http://www.socaltech.com/intelligence/?action=showdeal&id=93193> Los Angeles $1.25 M 8/03/18 WeeCare <http://www.socaltech.com/intelligence/?action=showdeal&id=93142> Venice $4.20 M 8/02/18 inVia Robotics <http://www.socaltech.com/intelligence/?action=showdeal&id=93141> Westlake Village $20.00 M 7/30/18 Cool Planet Energy <http://www.socaltech.com/intelligence/?action=showdeal&id=93134> Greenwood Village $20.30 M 7/23/18 Gossamer Bio, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=89673> San Diego $230.00 M 7/18/18 AdQuick <http://www.socaltech.com/intelligence/?action=showdeal&id=93105> Los Angeles $2.10 M 7/17/18 Openpath <http://www.socaltech.com/intelligence/?action=showdeal&id=93069> Culver City $20.00 M 7/16/18 Octi AKA Supermediafuture <http://www.socaltech.com/intelligence/?action=showdeal&id=93065> Hollywood $7.50 M 7/11/18 CapLinked <http://www.socaltech.com/intelligence/?action=showdeal&id=93055> Redondo Beach $2.50 M 7/05/18 ENTITY <http://www.socaltech.com/intelligence/?action=showdeal&id=93014> Los Angeles $0.00 M 7/03/18 Tour Engine <http://www.socaltech.com/intelligence/?action=showdeal&id=92999> San Diego $2.25 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html August 16, Los Angeles -- *9th Annual Women in Green Forum* 9th Annual Women in Green Forum. The Women in Green Forum has emerged as the premier conference series highlighting women’s impact on the environmental industry. Now in its 9th year, the Women In Green Forum is the largest conference of its kind and attracts an international audience of environmental professionals. Each year, we convene sustainability trailblazers who share insights about the newest and most cutting-edge environmental innovations. The Forum’s 2018 program is built around the theme “The Future // Reimagined.” Speakers will focus on the future of tech and its environmental potential through sessions on topics ranging from blockchain to satellite imaging to automated workforces to augmented reality. See http://www.socaltech.com/calendar/eventid/26083 August 16, Los Angeles -- *Exit Options in Today's Environment* Global LAVA: "Exit Options in Today's Environment" Whether you are just starting a business or exploring exit options, this Global LAVA event is designed to educate entrepreneurs, investors, and service providers about the current market dynamics and opportunities to position a company for a successful exit. Come learn about the corporate M&A process, discover what financial sponsors are looking for, and understand whether an IPO is still an option. We will have a distinguished panel of speakers with diverse industry experience, including private equity, corporate development, and venture capital.. See http://www.socaltech.com/calendar/eventid/26158 August 28, Santa Monica -- *Preccelerator Class 9 Demo Day & "Diversity & Inclusion in Investments" Panel* Precellerator Program Class 9 Demo Day plus Diversity and Inclusion In Investments Panel. Clear your calendar - It's going down! The Preccelerator® Program Class 9 Demo Day kicks off on August 28 @ 6:00 pm, and you're invited to take part in the festivities. What a wild ride it has been! Preccelerator cohort companies are early stage, and we work hand in hand with them throughout their 6-month term to know their market and users, foster their leadership skills, build and test their product, avoid legal pitfalls, ensure the defensibility of their products, acquire users and partnerships and prepare them for the fundraising process. Now it's time to showcase their efforts. See http://www.socaltech.com/calendar/eventid/26160 September 8, Culver City -- *Pitch Genius Workshop * Pitch Genius Workshop. The purpose of this workshop is to educate idea-to-early stage startups about investors, fundraising, and how to make a successful pitch. See http://www.socaltech.com/calendar/eventid/26140 September 12, Camarilllo -- *BioScience Alliance Event* *NEW* . See http://www.socaltech.com/calendar/eventid/26161 ------------------------------ *Recent Job Postings * More jobs at http://www.socaltech.com/Jobs ------------------------------ ------------------------------ *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. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. PricewaterhouseCoopers (http://www.socaltech.com/pwc). Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud Shimokaji IP (http://www.shimokaji.com) Bettering Life Through Creative Ideas Neohire South (http://www.neohiresouth.com) Scaling startups since 2007. The #1 most connected recruiting firm in LA. Singer Lewak (http://www.singerlewak.com) Accounting and Consulting for Growing and Innovative Businesses 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. 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