*socaltech.com <http://socaltech.com> TechNews - Wednesday, January 2, 2019* 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. 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 ------------------------------ *Headlines * - Faraday Future Staves Off Disaster, Reaches Deal With Lead Investor <#m_-1839132558475810059_0076935> - Apollo Robotics Names CEO, Scores Angel Investment <#m_-1839132558475810059_0076934> - Activision Fires CFO <#m_-1839132558475810059_0076933> - Reflections on 2018: Kelly Perdew, Moonshots Capital <#m_-1839132558475810059_0076927> - Reflections on 2018: Richard Wolpert, The Soul Of A Deal <#m_-1839132558475810059_0076779> - Reflections on 2018: Alon Goren, 805 Startups and Crypto Invest Summit <#m_-1839132558475810059_0076929> - Reflections on 2018: Marc Averitt, Okapi Venture Capital <#m_-1839132558475810059_0076931> - Reflections on 2018: Mike Panesis, Center for Entrepreneurship at CLU <#m_-1839132558475810059_0076930> - LA Times, SD Union Tribune, Other Newspapers Disrupted By Malware Attack <#m_-1839132558475810059_0076928> - Next Vandenberg Rocket Launch, From ULA, Pushed Into January <#m_-1839132558475810059_0076932> - Reflections on 2018: Rob Freelen, Silicon Valley Bank <#m_-1839132558475810059_0076926> - Reflections on 2018: Jay Goss, Wavemaker Three-Sixty Health <#m_-1839132558475810059_0076778> - Reflections on 2018: Clinton Foy, CrossCut Ventures <#m_-1839132558475810059_0076891> - Reflections on 2018: Anna Barber, Techstars LA <#m_-1839132558475810059_0076925> - Reflections on 2018: Michael Jones, Science Inc. <#m_-1839132558475810059_0076924> - MINDBODY Acquired For $1.9 Billion By Vista Equity <#m_-1839132558475810059_0076922> - Reflections on 2018: Jim Andelman, Bonfire Ventures <#m_-1839132558475810059_0076747> - Reflections on 2018: Andy Wilson, Alliance for SoCal Innovation <#m_-1839132558475810059_0076855> *Marketplace* - Square 1 Bank <#m_-1839132558475810059_ad695> - Stubbs Alderton & Markiles Preccelerator <#m_-1839132558475810059_ad694> - SoCal IP Law Group LLP - Serving the IP Needs of Technology Innovators <#m_-1839132558475810059_ad611> - Stradling <#m_-1839132558475810059_ad608> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#m_-1839132558475810059_ad596> - BDO - Southern California Technology Industry Team <#m_-1839132558475810059_ad737> *Wednesday, January 2, 2019* *** Happy New Year to all! We're back to our regularly scheduled emails. I hope you all had a great holiday season, and wishing you the best as we kick off 2019. As usual, email me at [email protected] with your interesting technology and startup news, tips, and more (and wearing my publisher's hat, if you're interested in becoming a sponsor). I'm hoping to be more responsive to email queries this year (thanks to a local high tech company, SaneBox, and their email sorting tools). Good luck to all as we gear back up for another year in the technology world. Ben Kuo, Founder, Publisher, and Editor, socaltech.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. *Faraday Future Staves Off Disaster, Reaches Deal With Lead Investor* <http://www.socaltech.com/fullstory/0076935.html> Los Angeles-based electric car maker Faraday Future said on Monday that it has reached a deal with its main investor, Evergrande Health, to restructure the company and allow the company to continue to operate. ( More... <http://www.socaltech.com/fullstory/0076935.html>) *Apollo Robotics Names CEO, Scores Angel Investment* <http://www.socaltech.com/fullstory/0076934.html> Ventura-based Apollo Robotics, a new startup developing autonomous drone hardware and software aimed at automated surveying, announced this morning that it has named Rob Cammack as its Chief Executive Officer. Cammack is an existing angel investor in the company. Apollo Robotics said Cammack is a "seasoned serial entrepreneur", but did not details what Cammack has done previously. (More... <http://www.socaltech.com/fullstory/0076934.html>) *Activision Fires CFO* <http://www.socaltech.com/fullstory/0076933.html> Santa Monica-based Activision has fired its CFO, saying on December 31st that it has notified its current Chief Financial Officer, Spencer Neumann, that it intends to terminate his employment. According to Activision, the move is "unrelated to the Company's financial reporting or disclosure controls and procedures. " No details of exactly what triggered the termination were announced, however, reports say that Neumann may have been hired away by Netflix. (More... <http://www.socaltech.com/fullstory/0076933.html>) *Reflections on 2018: Kelly Perdew, Moonshots Capital* <http://www.socaltech.com/fullstory/0076927.html> Editor's note: As we head into the new year, we've been featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. You'll be able to browse all of those contributions here. This morning's reflections are from Kelly Perdew, managing general partner of at Moonshots Capital (www.moonshotscapital.com). What was the biggest lesson you learned this year? Raising money as a first-time VC fund is hard... (More... <http://www.socaltech.com/fullstory/0076927.html>) *Reflections on 2018: Richard Wolpert, The Soul Of A Deal* <http://www.socaltech.com/fullstory/0076779.html> Editor's note: As we head into the new year, we've been featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. You'll be able to browse all of those contributions here. This morning's reflections are from Richard Wolpert, a longtime Southern California investor, and now author of The Soul Of A Deal (https://amzn. (More... <http://www.socaltech.com/fullstory/0076779.html>) *Reflections on 2018: Alon Goren, 805 Startups and Crypto Invest Summit* <http://www.socaltech.com/fullstory/0076929.html> Editor's note: As we head into the new year, we've been featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. You'll be able to browse all of those contributions here. Here's Alon Goren, founder of 805 Startups and the Crypto Invest Summit. What was the biggest lesson you learned this year? Stick to what you love and what you know and do best. (More... <http://www.socaltech.com/fullstory/0076929.html>) *Reflections on 2018: Marc Averitt, Okapi Venture Capital* <http://www.socaltech.com/fullstory/0076931.html> Editor's note: As we head into the new year, we've been featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. You'll be able to browse all of those contributions here. Here's Marc Averitt of Okapi Venture Capital ( www.okapivc.com). (More... <http://www.socaltech.com/fullstory/0076931.html> ) *Reflections on 2018: Mike Panesis, Center for Entrepreneurship at CLU* <http://www.socaltech.com/fullstory/0076930.html> Editor's note: As we head into the new year, we've been featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. You'll be able to browse all of those contributions here. Here's Mike Panesis, Executive Director of the Center for Entrepreneurship at California Lutheran University (CLU). What was the biggest lesson you learned this year? It's difficult to choose one. I regularly learn something new from our students. (More... <http://www.socaltech.com/fullstory/0076930.html>) *LA Times, SD Union Tribune, Other Newspapers Disrupted By Malware Attack* <http://www.socaltech.com/fullstory/0076928.html> The print editions of the Los Angeles Times, the San Diego Union Tribune, as well as the Wall Street Journal and New York Times were hit by malware attack over the weekend, which disrupted printing and delivery of those papers in California. The attack--which started on Thursday and continued through the weekend--was finally halted on Sunday, according to the LA Times. (More... <http://www.socaltech.com/fullstory/0076928.html>) *Next Vandenberg Rocket Launch, From ULA, Pushed Into January* <http://www.socaltech.com/fullstory/0076932.html> The next rocket launch out of Vandenberg Air Force Base--the launch of the United Launch Alliance's Delta IV Heavy--has been delayed again, and will launch no earlier than Sunday, January 6th, the ULA said over the holidays. The launch has been attempted four times since December 7th, but has been scrubbed due to a combination of technical problems and weather. The launch is a spy satellite for the National Reconnasissance Office, the NROL-71. ( More... <http://www.socaltech.com/fullstory/0076932.html>) *Reflections on 2018: Rob Freelen, Silicon Valley Bank* <http://www.socaltech.com/fullstory/0076926.html> Editor's note: All this week, and into the start of next year, we'll be featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. You'll be able to browse all of those contributions here. Here, we have the thoughts of Rob Freelen, Los Angeles Market Manager for Silicon Valley Bank (www.svb.com). What was the biggest lesson you learned this year? Telling compelling stories is crucial. (More... <http://www.socaltech.com/fullstory/0076926.html>) *Reflections on 2018: Jay Goss, Wavemaker Three-Sixty Health* <http://www.socaltech.com/fullstory/0076778.html> Editor's note: All this week, and into the start of next year, we'll be featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. You'll be able to browse all of those contributions here. This contribution is from Jay Goss, General Partner at Wavemaker Three-Sixty Health, based in Pasadena. (More... <http://www.socaltech.com/fullstory/0076778.html>) *Reflections on 2018: Clinton Foy, CrossCut Ventures* <http://www.socaltech.com/fullstory/0076891.html> Editor's note: All this week, and into the start of next year, we'll be featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. You'll be able to browse all of those contributions here. Here, we have the thoughts of Clinton Foy, General Partner and Managing Director of Crosscut Ventures ( www.crosscut.vc). What was the biggest lesson you learned this year? Venture Capital is a Long Term Game. (More... <http://www.socaltech.com/fullstory/0076891.html>) *Reflections on 2018: Anna Barber, Techstars LA* <http://www.socaltech.com/fullstory/0076925.html> Editor's note: All this week, and into the start of next year, we'll be featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. You'll be able to browse all of those contributions here. Anna Barber, the Managing Director of Techstars LA (www.techstars.com), one of the startup accelerators run by Techstars in the Los Angeles area. (More... <http://www.socaltech.com/fullstory/0076925.html>) *Reflections on 2018: Michael Jones, Science Inc.* <http://www.socaltech.com/fullstory/0076924.html> Editor's note: All this week, and into the start of next year, we'll be featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. You'll be able to browse all of those contributions here. Today, we have a contribution from Michael Jones, the CEO of Science Inc. (www.science-inc.com). (More... <http://www.socaltech.com/fullstory/0076924.html>) *MINDBODY Acquired For $1.9 Billion By Vista Equity* <http://www.socaltech.com/fullstory/0076922.html> San Luis Obispo-based MINDBODY, the developer of spa, beauty, fitness, and other booking software and services, has been acquired by Vista Equity Partners, in a deal worth $1.9 billion, the two companies said on Christmas Eve. According to the two, Vista Equity will pay $36.50 in cash per share for MINDBODY, a 68 percent premium on MINDBODY's closing price on December 21st. (More... <http://www.socaltech.com/fullstory/0076922.html>) *Reflections on 2018: Jim Andelman, Bonfire Ventures* <http://www.socaltech.com/fullstory/0076747.html> Editor's note: All this week, and into the start of next year, we'll be featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. You'll be able to browse all of those contributions here. Here's Jim Andelman of Bonfire Ventures. Happy Holidays! What was the biggest lesson you learned this year? Strategic investors can be such a double-edge sword. (More... <http://www.socaltech.com/fullstory/0076747.html>) *Reflections on 2018: Andy Wilson, Alliance for SoCal Innovation* <http://www.socaltech.com/fullstory/0076855.html> Editor's note: All this week, and into the start of next year, we'll be featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. You'll be able to browse all of those contributions here. Our first is with Andy Wilson of the Alliance for SoCal Innovation. (More... <http://www.socaltech.com/fullstory/0076855.html>) *Square 1 Bank <http://www.square1bank.com>* Square 1 Bank is a division of Pacific Western Bank, a Los Angeles-based commercial bank with over $21 billion in assets. A full service financial services partner to entrepreneurs and their investors, Square 1 provides clients flexible resources and attentive service to help their companies grow. Square 1 offers a broad range of venture debt, treasury and cash management solutions through offices in top innovation centers: Atlanta, Austin, the Bay Area, Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New York, San Diego, Seattle and Washington, DC. Pacific Western Bank is a wholly-owned subsidiary of PacWest Bancorp (NASDAQ:PACW). For more information, visit www.square1bank.com, or send an email to [email protected]. *Stubbs Alderton & Markiles Preccelerator <http://stubbsalderton.com/preccelerator/>* Accelerating Growth for Early Stage Innovation The Preccelerator® Program is a platform offered to select start-up companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides interim office space, sophisticated legal services, mentorship and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. The Preccelerator® Program provides these benefits to as many as 10 promising young startups in separate growth tracks. http://stubbsalderton.com/preccelerator/ *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 *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] *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 ------------------------------ *Recent Funding <#m_-1839132558475810059_funding>* 12/20/18 AvantStay <http://www.socaltech.com/intelligence/?action=showdeal&id=94684> Los Angeles $5.00 M 12/19/18 Elementary Robotics <http://www.socaltech.com/intelligence/?action=showdeal&id=94682> Los Angeles $3.60 M 12/18/18 Seismic <http://www.socaltech.com/intelligence/?action=showdeal&id=94681> Solana Beach $100.00 M 12/13/18 Akero Therapeutics <http://www.socaltech.com/intelligence/?action=showdeal&id=94565> South San Francisco $70.00 M 12/13/18 Vyng <http://www.socaltech.com/intelligence/?action=showdeal&id=94563> Los Angeles $4.00 M 12/13/18 Procore Technologies <http://www.socaltech.com/intelligence/?action=showdeal&id=94564> Carpinteria $75.00 M 12/11/18 Jaanuu <http://www.socaltech.com/intelligence/?action=showdeal&id=94561> El Segundo $15.00 M 12/10/18 AlphaTrAi <http://www.socaltech.com/intelligence/?action=showdeal&id=94532> Los Angeles $0.00 M 12/06/18 WhiteFox Drone Defense <http://www.socaltech.com/intelligence/?action=showdeal&id=94518> San Luis Obispo $12.00 M 12/04/18 Freeletics <http://www.socaltech.com/intelligence/?action=showdeal&id=94355> Los Angeles $45.00 M 11/30/18 Viacyte <http://www.socaltech.com/intelligence/?action=showdeal&id=94286> San Diego $80.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html ------------------------------ *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
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