*socaltech.com <http://socaltech.com> TechNews - Wednesday, January 30, 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 ------------------------------ *Headlines * - USC And Unity Technologies Launch Online Game Design Course <#m_-6104737884269831523_0077210> - SpaceX Shifts Fairing Catching Ship, Mr. Steven, To East Coast <#m_-6104737884269831523_0077211> - OpenGate Capital Acquires Sargent and Greenleaf <#m_-6104737884269831523_0077209> - EDF Renewables Wins 212MW Solar Install Deal In New York <#m_-6104737884269831523_0077207> - Everyday Energy and Omni Energy Install Solar Power For Affordablel Housing <#m_-6104737884269831523_0077208> - LA's Tech Savvy Mayor, Eric Garcetti, Will Not Run For President <#m_-6104737884269831523_0077205> - Defy Media Creators Likely Out Of Luck <#m_-6104737884269831523_0077204> - Vincente Capital Partners Sells Intellectual Technology, Inc. <#m_-6104737884269831523_0077202> - HeyTutor Finds $1M From ScOp Venture Capital <#m_-6104737884269831523_0077201> - FanAI Buys Waypoint Media <#m_-6104737884269831523_0077199> *Marketplace* - Peak - Facilitated Annual Leadership Team Planning for Emerging Companies by Collective Genius <#m_-6104737884269831523_ad741> - Stradling <#m_-6104737884269831523_ad608> - Square 1 Bank <#m_-6104737884269831523_ad695> - BDO - Southern California Technology Industry Team <#m_-6104737884269831523_ad737> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#m_-6104737884269831523_ad596> *Wednesday, January 30, 2019* *USC And Unity Technologies Launch Online Game Design Course* <http://www.socaltech.com/fullstory/0077210.html> The University of Southern California and 3D game development engine developer Unity Technologies are launching a brand new, online game design course, aimed at both students and "lifelong learners", to help them design and publish their own original games, the two announced on Tuesday. According to Unity Technologies and the USC School of Cinematic Arts, its self-paced, adaptive online course will teach students and prospective developers how to design and publish their original games. (More... <http://www.socaltech.com/fullstory/0077210.html>) *SpaceX Shifts Fairing Catching Ship, Mr. Steven, To East Coast* <http://www.socaltech.com/fullstory/0077211.html> Hawthorne-based SpaceX is shifting its rocket fairing-catching ship, Mr. Steven, to the East Coast, as it concludes the rapid pace of launches from Vandenberg Air Force Base for satellite constellation operator Iridium. According to SpaceX, it began moving Mr. Steven to the East Coast on Tuesday. The vessel was seen moving towards Mexico as it makes its way towards the Panama Canal on Tuesday afternoon. (More... <http://www.socaltech.com/fullstory/0077211.html>) *OpenGate Capital Acquires Sargent and Greenleaf* <http://www.socaltech.com/fullstory/0077209.html> Los Angeles-based private equity investor OpenGate Capital has acquired Sargent and Greenleaf, a maker of a wide range of both electric and traditional mechanical locks, from Stanley Black & Decker. Financial details of the acquisition were not announced. According to OpenGate Capital, it expects the acquisition to be complete in Q1 of 2019. Sargent and Greenleaf (S&G) wa founded in 1857, and currently has 120 employees. ( More... <http://www.socaltech.com/fullstory/0077209.html>) *EDF Renewables Wins 212MW Solar Install Deal In New York* <http://www.socaltech.com/fullstory/0077207.html> San Diego-based renewable energy developer EDF Renewables North America reported Tuesday afternoon that it has been awarded a contract for a 212 megawatt (MWdc) project in New York State. According to the company, the 212 megawatt (MWdc) / 170 MWac Morris Ridge Solar Project is with the New York State Energy Research and Development Authority (NYSERDA), near the Town of Mount Morris. EDF Renewables did not say how much the contract is worth. (More... <http://www.socaltech.com/fullstory/0077207.html>) *Everyday Energy and Omni Energy Install Solar Power For Affordablel Housing* <http://www.socaltech.com/fullstory/0077208.html> C (More... <http://www.socaltech.com/fullstory/0077208.html>) *LA's Tech Savvy Mayor, Eric Garcetti, Will Not Run For President* <http://www.socaltech.com/fullstory/0077205.html> Mayor Eric Garcetti, the Mayor of Los Angeles and a big supporter of the Greater Los Angeles area's rise to prominence in the technology startup world, announced on Tuesday evening that he will not be running for President in 2020. Garcetti has been a regularly seen at local technology conferences promoting the growth of "Silicon Beach" and the rest of the LA technology ecosystem. (More... <http://www.socaltech.com/fullstory/0077205.html>) *Defy Media Creators Likely Out Of Luck* <http://www.socaltech.com/fullstory/0077204.html> Now defunct, Los Angeles-based multi-channel content network Defy Media is unlikely to be able to pay the $1.7 million it owes more than 50 YouTube creators, after the company's shutdown in November, according to a report. One of the companies which had provided debt funding to Defy Media, Ally Bank, said recently that it expects to experience "a substantial loss" on its loan to the company. Ally Bank said that Defy Media is being liquidated by its board of directors. (More... <http://www.socaltech.com/fullstory/0077204.html>) *Vincente Capital Partners Sells Intellectual Technology, Inc.* <http://www.socaltech.com/fullstory/0077202.html> Los Angeles-based private equity investor Vincente Capital Partners announced on Tuesday that it has sold Carlsbad-based Intellectual Technology, Inc., a developer of software for motor vehicle agencies (DMVs), to Arlington Capital Partners. Financial terms of the sale were not announced. Vincente Capital acquired ITI in November of 2012. According to Vincente Capital, it has retained a minority interest in Intellectual Technology. (More... <http://www.socaltech.com/fullstory/0077202.html>) *HeyTutor Finds $1M From ScOp Venture Capital* <http://www.socaltech.com/fullstory/0077201.html> Los Angeles-based HeyTutor, an online marketplace for finding tutors, has raised $1M in its Series A funding, the company announced on Tuesday, from Santa Barbara-based ScOp Venture Capital, the venture investment firm led by serial entrepreneur and investor Kevin O'Connor. HeyTutor was founded by Skyler Lucci and Ryan Neman four years ago, when both of them were both just 19 years old. HeyTutor's online marketplace helps connect students with local tutors, and helps tutors get consistent jobs. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showdeal&id=95179> )(More... <http://www.socaltech.com/fullstory/0077201.html>) *FanAI Buys Waypoint Media* <http://www.socaltech.com/fullstory/0077199.html> Los Angeles-based FanAI, a venture-backed developer of artificial intelligence software used for sponsorship engagement and analytics, has acquired Waypoint Media, the two announced this morning. Financial details of the buy were not announced. (More... <http://www.socaltech.com/fullstory/0077199.html>) *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. *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. *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]. *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 *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] ------------------------------ *Recent Funding <#m_-6104737884269831523_funding>* 1/25/19 Trust & Will <http://www.socaltech.com/intelligence/?action=showdeal&id=95160> San Diego $2.00 M 1/24/19 Wheels <http://www.socaltech.com/intelligence/?action=showdeal&id=95158> Los Angeles $37.00 M 1/24/19 Modulated Imaging <http://www.socaltech.com/intelligence/?action=showdeal&id=95159> Irvine $7.00 M 1/22/19 REX <http://www.socaltech.com/intelligence/?action=showdeal&id=95135> Woodland Hills $45.00 M 1/14/19 Wiliot <http://www.socaltech.com/intelligence/?action=showdeal&id=95066> San Diego $30.00 M 1/03/19 Verily <http://www.socaltech.com/intelligence/?action=showdeal&id=94814> South San Francisco $1000.00 M 1/03/19 Forge Therapeutics <http://www.socaltech.com/intelligence/?action=showdeal&id=94796> San Diego $11.10 M 12/20/18 AvantStay <http://www.socaltech.com/intelligence/?action=showdeal&id=94684> Los Angeles $5.00 M 12/20/18 Cloud Constellation Corporation <http://www.socaltech.com/intelligence/?action=showdeal&id=94795> Los Angeles $100.00 M 12/19/18 NantCell, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=94876> Culver City $30.00 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 Vyng <http://www.socaltech.com/intelligence/?action=showdeal&id=94563> Los Angeles $4.00 M 12/13/18 Akero Therapeutics <http://www.socaltech.com/intelligence/?action=showdeal&id=94565> South San Francisco $70.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html January 30, Los Angeles -- *Upfront Summit* *NEW* . See http://www.socaltech.com/calendar/eventid/26345 January 31, Los Angeles -- *Growth Capital Conference* Growth Capital Conference. Pitch to & Network with Investors: Angels,VCs, High Net Worths, Strategic Partners and 100 entrepreneurs seeking capital & counsel. DEAL DISPLAYtm showcases growing firms needing capital. View products, videos, online demos. See http://www.socaltech.com/calendar/eventid/26313 January 31, San Diego -- *Preparing Your Company for Sale* Preparing Your Company for Sale. CONNECT. Whether you are acquiring a company or looking to merge your company with another, there are significant operational, practical and legal steps you should take to ensure that your company maintains its value and remains an attractive partner through the transaction. Learn how to avoid the pitfalls in what promises to be a lively discussion among industry veterans from the technology, biotechnology and manufacturing industries. See http://www.socaltech.com/calendar/eventid/26295 February 4, Los Angeles -- *Digital Entertainment World 2019* Digital Entertainment World 2019. Described by Hollywood insiders, digital influencers and industry leaders throughout the world as a "must-attend" event, now in its 6th year Digital Entertainment World (DEW) is where you want to be if you are in the business of creating or monetizing digital entertainment content. DEW 2019 focuses on "The Power of Creativity and Influence" and will cover topics from OTT to Innovation to eSports to Millennials to Content Marketing to VR/AR to Music Rights to Startups, etc., as this theme guides all talks, discussions, meetings and presentations over the two days. See http://www.socaltech.com/calendar/eventid/26290 February 5, Los Angeles -- *Digital Entertainment World 2019* Digital Entertainment World 2019. Described by Hollywood insiders, digital influencers and industry leaders throughout the world as a "must-attend" event, now in its 6th year Digital Entertainment World (DEW) is where you want to be if you are in the business of creating or monetizing digital entertainment content. DEW 2019 focuses on "The Power of Creativity and Influence" and will cover topics from OTT to Innovation to eSports to Millennials to Content Marketing to VR/AR to Music Rights to Startups, etc., as this theme guides all talks, discussions, meetings and presentations over the two days. See http://www.socaltech.com/calendar/eventid/26291 February 6, Santa Monica -- *State of the City, Economic Sustainability Summit 2019: Shaping A Changing World | Santa Monica Chamber of Commerce* Santa Monica State of the City, Economic Sustainability Summit 2019: Shaping A Changing World. The Santa Monica Chamber of Commerce will hold its annual Economic Sustainability Summit including the State of the City at the SGI Auditorium in downtown Santa Monica. This event brings together the business and resident communities to hear from City Manager Rick Cole and Mayor Gleam Davis about the city’s newest initiatives and the economic report of the past year. Entrepreneurs speak to the latest trends and innovations regionally and globally. See http://www.socaltech.com/calendar/eventid/26327 February 6, Santa Monica -- *Founder Meet Funder* Founder Meet Funder (Invite Only). Founder Meet Funder focus on supporting entrepreneur growth by connecting them with mentors, influencers, and investors within the community. A special social sphere is created due to the culture and diversity of experience brought along the way to encourage everyone to help one other's business growth. See http://www.socaltech.com/calendar/eventid/26338 February 6, Culver City -- *Culver City Tech Happy Hour* *NEW* . See http://www.socaltech.com/calendar/eventid/26343 February 12, San Diego -- *Reverse Mergers Into Public Shells* Reverse Mergers Into Public Shells. CONNECT. This program will educate private issuers about the process of going public by merging with an existing public shell. See http://www.socaltech.com/calendar/eventid/26330 February 12, Los Angeles -- *Mobile LAVA Presents: Marketplaces* Mobile LAVA Presents: Marketplaces. Save the date for a thought provoking panel discussion on all things related to startup marketplace tech businesses, lead by Kiyan Yazdi of Mucker Capital, Los Angeles' Seed and "Pre-Seed" Stage Venture Fund. We’ll cover topics such as: • Fundraising • Monetization • acquisition & retention • AOV, LTV, and other KPIs • Planning for an exit • And more. See http://www.socaltech.com/calendar/eventid/26324 February 12, Santa Monica -- *Start-Up Options for Rapid Development, Funding, and Commercialization* Start-Up Options for Rapid Development, Funding, and Commercialization. LAVA Healthcare. Is VC funding the only way to develop and grow your company? Have you heard of accelerators, incubators, angles, and other resources for rapid development, funding, and growth of your start-up? Attend our LAVA event on February 19th as our distinguished panel will share their expertise and insight. Please join us on February 19th for an informative, interactive session and networking. See http://www.socaltech.com/calendar/eventid/26325 February 14, Costa Mesa -- *IP Protection Strategies For Start-Ups* *NEW* . See http://www.socaltech.com/calendar/eventid/26346 February 19, Santa Monica -- *Seed Stage Startup Pitch Competition* *NEW* . See http://www.socaltech.com/calendar/eventid/26342 February 19, Santa Monica -- *Start-Up Options for Rapid Development, Funding, and Commercialization* *NEW* . See http://www.socaltech.com/calendar/eventid/26348 February 20, Los Angeles -- *LAEDC Economic Forecast 2019* *NEW* . See http://www.socaltech.com/calendar/eventid/26347 ------------------------------ *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. 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