*socaltech.com <http://socaltech.com> TechNews - Friday, November 30, 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. Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. Key info (http://www.keyinfo.com) infrastructure ~ connectivity ~ co-location ~ cloud Singer Lewak (http://www.singerlewak.com) Accounting and Consulting for Growing and Innovative Businesses ------------------------------ *Headlines * - Report: Faraday Future Rapidly Running Out Of Cash As Options Diminish <#m_5935548038789312242_0076693> - NASA To Elon Musk: Smoke Weed On A Podcast Again, Lose Commercial Crew Missions <#m_5935548038789312242_0076692> - Greycroft Joins In New Round For PebblePost <#m_5935548038789312242_0076691> - Western Digital Adds Two To Board <#m_5935548038789312242_0076690> - GA-ASI Expands UAV Efforts In Japan <#m_5935548038789312242_0076689> - AT&T May Sell Stake In Hulu <#m_5935548038789312242_0076688> - SpaceX Aims At Sunday For New Vandenberg Launch <#m_5935548038789312242_0076686> - Kutcher's Sound Ventures Backs LearnLux in Seed Funding <#m_5935548038789312242_0076684> - Shift Media Acquired By Marlin Equity Partners <#m_5935548038789312242_0076683> - TaskUs Opens Five New Offices Globally <#m_5935548038789312242_0076673> *Marketplace* - BDO - Southern California Technology Industry Team <#m_5935548038789312242_ad737> - Peak - Facilitated Annual Leadership Team Planning for Emerging Companies by Collective Genius <#m_5935548038789312242_ad741> - Simplify Cloud Management - Multi-Cloud Command & Control from Key Info <#m_5935548038789312242_ad729> - Stradling <#m_5935548038789312242_ad608> *Friday, November 30, 2018* *Silicon Valley Bank's Startup Outlook Survey <https://bit.svb.com/2D5K6Ad>* Silicon Valley Bank's Startup Outlook Survey: What's on the horizon for YOUR startup? Silicon Valley Bank recently opened its 10th annual Startup Outlook survey, which asks tech and life science startups from around the world for their outlook on business conditions, hiring, fundraising, and public policy issues that impact their success. SVB uses the anonymized findings to highlight opportunities and challenges for companies like yours and help the public and policymakers understand the role innovation companies have in driving local and global economies. See last year's report here: http://link.svb.com/CA000o0D90hZ0A00100wF00 SVB is a great partner to socaltech; help represent the startup economy by taking 10 minutes to share your thoughts: https://bit.svb.com/2D5K6Ad *Report: Faraday Future Rapidly Running Out Of Cash As Options Diminish* <http://www.socaltech.com/fullstory/0076693.html> Los Angeles-based electric vehicle maker Faraday Future is rapidly running out of cash, and its options for investment are rapidly diminishing, according to a report from The Verge. According to the report, Faraday Future only has enough cash to meet today's payroll, and only enough money to keep the lights on until the second week of December. (More... <http://www.socaltech.com/fullstory/0076693.html>) *NASA To Elon Musk: Smoke Weed On A Podcast Again, Lose Commercial Crew Missions* <http://www.socaltech.com/fullstory/0076692.html> NASA has a big message for Elon Musk, the technology mogul behind Los Angeles-based rocket firm SpaceX: smoke marijuana on a podcast again, and SpaceX will lose its opportunity to launch astronauts into space. According to The Atlantic, NASA administrator James Bridenstine specifically launched a safety review of SpaceX due to Musk's antics on the Joe Rogan Experience, where he smoked marijuana and drank whiskey on a podcast. (More... <http://www.socaltech.com/fullstory/0076692.html>) *Greycroft Joins In New Round For PebblePost* <http://www.socaltech.com/fullstory/0076691.html> Los Angeles- and New York-based venture investor Greycroft Ventures has joined in a new funding round for PebblePost, a startup which uses real time online information to send direct mail to users, as part of a $31M Series C funding. Greycroft is an existing investor in PebblePost, which is based in New York. (More... <http://www.socaltech.com/fullstory/0076691.html>) *Western Digital Adds Two To Board* <http://www.socaltech.com/fullstory/0076690.html> Western Digital Corp., the storage and memory manufacturer which has significant operations in Orange County, said late Thursday that it has added two new members of its board of directors. According to the company, it added both Kimberly Alexy and Stephanie Streeter to its board. Alexy is founder of private investment fund Alexy Capital Management, and also sites on the boards of Alteryx, CalAmp, FireEye, and Five9. (More... <http://www.socaltech.com/fullstory/0076690.html>) *GA-ASI Expands UAV Efforts In Japan* <http://www.socaltech.com/fullstory/0076689.html> San Diego-based General Atomics Aeronautical Systems (GA-ASI), which manufactures military drone aircraft,s ays it is looking to expand in Japan. According to the firm, it is seeking to establish relationships with defense industry suppliers and related businesses in Japan. According to the company, it is looking to work with Japanese companies in the areas of IT, infrastructure, engineering, manufacturing, modeling and simulation. ( More... <http://www.socaltech.com/fullstory/0076689.html>) *AT&T May Sell Stake In Hulu* <http://www.socaltech.com/fullstory/0076688.html> AT&T is looking to possibly sell its 10 percent stake in Los Angeles-based television streaming service Hulu, as part of its plan on digesting Time Warner. According to At&T CFO John Stephens, the company may sell of its 10 percent stake in Hulu as part of a larger sale of "non-core" assets after it paid $85.4 billion for Time Warner. AT&T now owns Warner Bros., CNN, HBO, and other cable channels as a result of its buy of Time Warner. Time Warner purchased its 10 percent stake in Hulu in 2016. (More... <http://www.socaltech.com/fullstory/0076688.html>) *SpaceX Aims At Sunday For New Vandenberg Launch* <http://www.socaltech.com/fullstory/0076686.html> Hawthorne-based SpaceX is hoping that it will be able to launch its Spaceflight SSO-A mission on Sunday, five days after it was force to scrub its original Wednesday launch date for the small satellite launch mission. According to the last update from SpaceX, it is now targeting December 2nd for launch of the SmallSat Express from Vandenberg Air Force Base. The mission will put 64 small satellites, collected together by space ride arranger Spaceflight, for over 35 customers. (More... <http://www.socaltech.com/fullstory/0076686.html>) *Kutcher's Sound Ventures Backs LearnLux in Seed Funding* <http://www.socaltech.com/fullstory/0076684.html> Sound Ventures, the Los Angeles-based venture capital investment firm of Ashton Kutcher, is one of the lead investors in a funding round for LearnLux, a startup which develops software that helps employees of companies with financial wellness. The $2M seed fudning round came from Sound Ventures, Salesforce founder Marc Benioff, Underscore VC, and Adam Nash, the former CEO of Wealthfront. LearnLux is based in Boston. (More... <http://www.socaltech.com/fullstory/0076684.html>) *Shift Media Acquired By Marlin Equity Partners* <http://www.socaltech.com/fullstory/0076683.html> Los Angeles- and Boston-based Shift Media Holdings, a developer of software tools used for collaboration by entertainment enterprises, brands and agencies, has been acquired by Los Angeles-based private equity investment firm Marlin Equity Partners. Financial details of the majority recapitalization and growth investment were not announced. SHIFT's products are used for collaboration on creative projects, and also include such features as forensic watermarks and other digital asset management. (More... <http://www.socaltech.com/fullstory/0076683.html>) *TaskUs Opens Five New Offices Globally* <http://www.socaltech.com/fullstory/0076673.html> Santa Monica-based business process outsourcing provider TaskUs said this morning that it has added five new offices, and over 2,000 full-time employees, as part of a major global expansion effort. According to TaskUs, it added five offices spanning the U.S., Philippines, Taiwan, and Mexico. ( More... <http://www.socaltech.com/fullstory/0076673.html>) *BDO - Southern California Technology Industry Team <http://www.bdo.com>* BDO USA, LLP is a professional services firm providing assurance, tax, and advisory services to publicly traded and privately held companies through more than 60 offices domestically and 160 countries globally. Our Southern California technology industry team professionals have deep experience helping online, software, hardware, and cleantech businesses in the local ecosystem to navigate the many issues affecting their businesses and to help them meet their larger strategic goals. Our team provides a wide range of guidance in the key issues effecting technology companies including, M&A advisory, initial public offerings, tax planning and consulting, intellectual property agreements, financial reporting and regulatory compliance matters. For more information, please contact our LA Technology leaders Anthony Ferguson, Tim Clackett, and Kris Kaufmann at [email protected]. http://www.bdo.com *Peak - Facilitated Annual Leadership Team Planning for Emerging Companies by Collective Genius <https://collective-genius.com/getting-to-peak/>* If you wanted to reach the peak of Mount Everest, you wouldn’t just gather a few friends, buy some supplies, and start hiking. Similar to building a growth company, you wouldn’t just hire a few people, build some products, and win a market. Peak is a facilitated annual leadership team planning session for emerging growth companies. It's a one day leadership team session to create company focus and clarity around a three year vision, one year plan, and quarterly priorities. With the vision and plan set, Peak provides leadership tools and systems to keep the team on track. To learn more contact us to schedule a 45 minute walk through at [email protected] or 1.424.259.3036. Collective Genius - Leadership Planning and Recruiting for Emerging Growth Companies. http://www.collective-genius.com. *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. ------------------------------ *Recent Funding <#m_5935548038789312242_funding>* 11/21/18 PlayVS <http://www.socaltech.com/intelligence/?action=showdeal&id=94252> Santa Monica $30.50 M 11/07/18 Mirium Pharmaceuticals <http://www.socaltech.com/intelligence/?action=showdeal&id=94247> San Diego $120.00 M 11/06/18 Engineer.ai <http://www.socaltech.com/intelligence/?action=showdeal&id=94246> Los Angeles $29.50 M 11/02/18 Syntiant <http://www.socaltech.com/intelligence/?action=showdeal&id=94171> Irvine $25.00 M 11/01/18 RingDNA, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=94170> Sherman Oaks $10.00 M 11/01/18 Imbellus <http://www.socaltech.com/intelligence/?action=showdeal&id=94168> Los Angeles $14.50 M 10/31/18 PatientPop, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=94133> Santa Monica $65.00 M 10/30/18 LegalZoom.com <http://www.socaltech.com/intelligence/?action=showdeal&id=94128> Glendale $0.00 M 10/30/18 WAYV <http://www.socaltech.com/intelligence/?action=showdeal&id=94129> Los Angeles $5.00 M 10/25/18 Pathmatics, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=94080> Santa Monica $3.00 M 10/23/18 Enevate <http://www.socaltech.com/intelligence/?action=showdeal&id=94078> Irvine $0.00 M 10/23/18 Tala <http://www.socaltech.com/intelligence/?action=showdeal&id=94079> Los Angeles $0.00 M 10/22/18 Qpex Biopharma <http://www.socaltech.com/intelligence/?action=showdeal&id=94077> San Diego $33.00 M 10/18/18 ProducePay <http://www.socaltech.com/intelligence/?action=showdeal&id=94058> Los Angeles $14.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html November 30, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26240 December 1, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26241 December 1, Los Angeles -- *The In.flux Reality Mixer* The In.flux Reality Mixer. The In.flux Reality Mixer is a quarterly innovation lounge. Mixed reality art meets provocative conversations, a hosted bar and signature small bites. See http://www.socaltech.com/calendar/eventid/26257 December 2, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26242 December 3, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26243 December 4, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26244 December 5, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26245 December 6, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26246 December 7, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26247 December 8, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26248 December 9, Los Angeles -- *LA Auto Show* LA Auto Show.Last year, the global show had 1,000 of the latest models, vehicle debuts, and concept cars on display and this year, the expectation is no different. See http://www.socaltech.com/calendar/eventid/26249 December 14, Los Angeles -- *Financial Services Cybersecurity Roundtable* Financial Services Cybersecurity Roundtable. Special Guest: Joseph Moussiaux, City National Bank, is a retired Special Agent of the U.S. Department of Justice and is currently a Corporate Security Investigator at City National Bank. Joe was instrumental on numerous investigative cases leading to the arrest and conviction of the illicit use of bitcoin. He will provide an overview on bitcoin: how and where it’s purchased, mined, used for illicit purposes, what is a block-chain, a digital wallet, and more. See http://www.socaltech.com/calendar/eventid/26206 ------------------------------ *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 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. 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
