*socaltech.com <http://socaltech.com> TechNews - Thursday, March 7, 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). ------------------------------ *Headlines * - DivX Sues Netflix, Hulu Over Patents <#m_-7157349583403184958_0077546> - BlackLine Names Chief Accounting Officer <#m_-7157349583403184958_0077545> - Oncternal Therapeutics Acquires GTx <#m_-7157349583403184958_0077544> - HG Data Becomes HG Insights <#m_-7157349583403184958_0077543> - Amplify LA Backs Investment Startup Alto <#m_-7157349583403184958_0077542> - IT Consultancy Opens San Diego Office <#m_-7157349583403184958_0077541> - Report: Snap Paid Settlements To Three Female Employees Over Layoffs <#m_-7157349583403184958_0077540> - Apple Plans To Hire 1200 In San Diego <#m_-7157349583403184958_0077539> - Elon Musk's Boring Company Gains Recommendation For Las Vegas Loop <#m_-7157349583403184958_0077537> - Vertebrae Expands In Texas <#m_-7157349583403184958_0077534> *Marketplace* - Preccelerator Workshop: BOOST Sales Performance with Carrie Lauby <#m_-7157349583403184958_ad745> - Peak - OKR Planning for Growth Companies and Venture Capital Firms by Collective Genius <#m_-7157349583403184958_ad741> - BDO - Southern California Technology Industry Team <#m_-7157349583403184958_ad737> - Square 1 Bank <#m_-7157349583403184958_ad695> *Thursday, March 7, 2019* *Recurring Revenue Conference - April 30 to May 1st - LA <https://www.recurringrevenueconference.com/>* Welcome to the Recurring Revenue Conference presented by Sutton Capital Partners. We are the only conference in Southern California to focus exclusively on the Subscription Economy. Each year 700+ business leaders join us to discuss how recurring revenue – a steady stream of customer dollars – can reshape the future of your business. Register today! https://www.recurringrevenueconference.com/ *DivX Sues Netflix, Hulu Over Patents* <http://www.socaltech.com/fullstory/0077546.html> DivX, the streaming video software developer which was started in San Diego, has filed patent infringement lawsuits against both Netflix and Hulu, accusing the firms of usings its video streaming intellectual property. DivX filed two different lawsuits on Tuesday in the California Central District Court. The two patent infringement lawsuits are DIVX, LLC v. Netflix (court case number 2:2019-cv-01602) and DIVX, LLC et al (court case number 2:2019-cv-01606). (More... <http://www.socaltech.com/fullstory/0077546.html>) *BlackLine Names Chief Accounting Officer* <http://www.socaltech.com/fullstory/0077545.html> Los Angeles-based accounting automation software developer BlackLine announced this morning that it has named Patrick Villanova to the position of Chief Accounting Officer. Villanova--who was previously Controller for BlackLine--will continue to oversee global accounting operations at the company. Villanova has been at BlackLine since 2015, and was head of BlackLine's global accounting through its IPO. He previously spent more than 16 years at PwC in the audit and accounting advisory area. (More... <http://www.socaltech.com/fullstory/0077545.html>) *Oncternal Therapeutics Acquires GTx* <http://www.socaltech.com/fullstory/0077544.html> San Diego-based Oncternal Therapeutics, a privately held biotechnology companies focused on developing therapeutics candidates for cancer, and GTx said this morning that they are in a deal where Oncternals's stockholders will become the majority owners of GTx. (More... <http://www.socaltech.com/fullstory/0077544.html>) *HG Data Becomes HG Insights* <http://www.socaltech.com/fullstory/0077543.html> Santa Barbara-based HG Data, which has been developing software that helps companies understand the technology stack their operations depend on, has rebranded itself as HG Insights, and launched a new platform it calls the HG Insights Platform. According to the company, its platform is focused on "next generation technographics" to help drive sales, marketing, and strategy. (More... <http://www.socaltech.com/fullstory/0077543.html>) *Amplify LA Backs Investment Startup Alto* <http://www.socaltech.com/fullstory/0077542.html> Los Angeles-based startup accelerator Amplify LA is one of the backers of a new startup Alto, which is allowing investors to invest in nontraditional assets--such as startups, real estate, and more. Alto said on Wednesday that it had raised $2.8M in its seed funding round, which it received from such investors as Foundation Capital, Sequoia Capital's Scout Fund, Amplify.LA, First Check Fund, Green D Funds, and Jack Gibson, the co-founder of NerdWallet. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=59864>)( More... <http://www.socaltech.com/fullstory/0077542.html>) *IT Consultancy Opens San Diego Office* <http://www.socaltech.com/fullstory/0077541.html> In another expansion by a company into San Diego, IT consulting provider Entisys360 said it has set up a new office in San Diego, specifically to expand its geographic reach. The Silicon Valley company says it provides consulting in the areas of end-user computing, software-defined infrastructure, DevOps and cloud, security and virtualization solutions. ( More... <http://www.socaltech.com/fullstory/0077541.html>) *Report: Snap Paid Settlements To Three Female Employees Over Layoffs* <http://www.socaltech.com/fullstory/0077540.html> Santa Monica-based Snap, the developer of Snapchat, has reportedly paid settlements to three women who were laid off last year, according to a report today. report said the settlements came after Snap apparently eliminated only women from a number of its teams in a layoff which the lawsuits said disproportionately targeted women. Details on those settlements and the lawsuits have not been detailed. Snap previously had been accused of having a "toxic" workplace for women. (More... <http://www.socaltech.com/fullstory/0077540.html>) *Apple Plans To Hire 1200 In San Diego* <http://www.socaltech.com/fullstory/0077539.html> Apple is planning to hire 1200 employees in San Diego, in a major expansion of the company's presence in the area. According to an announcement by Apple, made on Wednesday morning with San Diego Mayor Kevin Faulconer, it hopes to add those employees over the next 3 years. Apple had announced a plan to expand hiring in both San Diego, as well as Culver City, in November of 2018. (More... <http://www.socaltech.com/fullstory/0077539.html> ) *Elon Musk's Boring Company Gains Recommendation For Las Vegas Loop* <http://www.socaltech.com/fullstory/0077537.html> Los Angeles-based Boring Company, the Elon Musk startup which is developing underground transportation systems, gain the endorsement of the Las Vegas Convention and Visitors Authority (LVCVA), for a possilble two-mile loop around the Las Vegas Convention Center. (More... <http://www.socaltech.com/fullstory/0077537.html>) *Vertebrae Expands In Texas* <http://www.socaltech.com/fullstory/0077534.html> Los Angeles-based 3D and augmented reality (AR) software developer Vertebrae announced this week that it has opened up a new office in Austin, Texas hiring two new executives in the location to help it with its next stage of growth and expansion. According to Vertebrae it has named Garrett Eastham as Chief Data Officer, and named Rob Weaver as Chief Revenue Officer. Eastham previously was at Bazaarvoice, and also was co-founder and CEO of Cmpare Metrics (Acquired by GroupBy). (More... <http://www.socaltech.com/fullstory/0077534.html>) *Preccelerator Workshop: BOOST Sales Performance with Carrie Lauby <https://www.eventbrite.com/e/preccelerator-workshop-boost-sales-performance-with-carrie-lauby-tickets-57249304210>* Preccelerator Workshop: BOOST Sales Performance with Carrie Lauby. How you approach the sales process predicts the end result of either a close or constant follow up. In this workshop, we’ll look at sales strategy and the top 5 things you can do to set up the relationship for success. If you’re concerned about not closing deals, frustrated from constantly chasing or unsure where to spend your time and effort, this is the workshop for you. March 12, 2019 - Santa Monica Register today! https://www.eventbrite.com/e/preccelerator-workshop-boost-sales-performance-with-carrie-lauby-tickets-57249304210 *Peak - OKR Planning for Growth Companies and Venture Capital Firms by Collective Genius <https://collective-genius.com/>* 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/quarterly leadership team OKR planning session for emerging growth companies and venture capital firms. 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 and schedule a 45 minute walk through meeting contact us at [email protected] or by phone 424.259.3036. Collective Genius - Planning and Recruiting for Emerging Growth Companies and Venture Capital Firms. www.collective-genius.com. *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 *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]. ------------------------------ *Recent Funding <#m_-7157349583403184958_funding>* 3/01/19 Jet Edge International <http://www.socaltech.com/intelligence/?action=showdeal&id=96079> Van Nuys $60.00 M 2/27/19 Axial Biotherapeutics <http://www.socaltech.com/intelligence/?action=showdeal&id=95977> Boston $25.00 M 2/27/19 Pathnostics <http://www.socaltech.com/intelligence/?action=showdeal&id=95978> Irvine $0.00 M 2/25/19 Dray Alliance <http://www.socaltech.com/intelligence/?action=showdeal&id=95860> Lakewood $3.50 M 2/22/19 The Action Network <http://www.socaltech.com/intelligence/?action=showdeal&id=95811> Playa Vista $17.50 M 2/20/19 CLUTTER INC. <http://www.socaltech.com/intelligence/?action=showdeal&id=84706> Culver City $200.00 M 2/20/19 Brainbase <http://www.socaltech.com/intelligence/?action=showdeal&id=95749> Los Angeles $1.00 M 2/19/19 Sabrewing Aircraft Company <http://www.socaltech.com/intelligence/?action=showdeal&id=95596> Camarillo $2.00 M 2/14/19 Skylar Body <http://www.socaltech.com/intelligence/?action=showdeal&id=95592> Venice $8.00 M 2/07/19 Power Digital Marketing <http://www.socaltech.com/intelligence/?action=showdeal&id=95480> San Diego $0.00 M 2/07/19 GOAT <http://www.socaltech.com/intelligence/?action=showdeal&id=95481> Los Angeles $100.00 M 2/05/19 Signal Sciences <http://www.socaltech.com/intelligence/?action=showdeal&id=95354> Venice $35.00 M 1/31/19 Avinew <http://www.socaltech.com/intelligence/?action=showdeal&id=95304> Westlake Villlage $5.00 M 1/30/19 Acorns <http://www.socaltech.com/intelligence/?action=showdeal&id=95302> Irvine $105.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html March 7, Pasadena -- *SCALE 17x - Southern California Linux Expo* *NEW* . See http://www.socaltech.com/calendar/eventid/26395 March 7, Newport Beach -- *Newport Beach Investment* Newport Beach Investment Networking Expo. Evening of investment networking at Fashion Island's Mariposa Restaurant as we bring together Southern California's top investment professionals to form new connections and discuss opportunities. See http://www.socaltech.com/calendar/eventid/26365 March 7, Los Angeles -- *Global LAVA: Investing in Israeli Start-Ups* Global LAVA: Investing in Israeli Start-Ups. Panelists: Liron Brish - CEO of Farm Dog; Liat Sade-Sternberg - CEO of fuse.it; Guy Katsovich, co-founder of Fusion LA. See http://www.socaltech.com/calendar/eventid/26357 March 8, Pasadena -- *SCALE 17x - Southern California Linux Expo* *NEW* . See http://www.socaltech.com/calendar/eventid/26396 March 8, San Diego -- *Office Hours With Stradling. CONNECT* Office Hours With Stradling. CONNECT. As a service to San Diego startup companies, CONNECT is partnering with select strategic advisor and professional services companies to provide entrepreneurs with an opportunity to meet privately and pro bono for professional advice. Need a professional brain on an issue? Schedule a meeting today! http://www.connect.org/events/office-hours-connect-stradling-march-2019. See http://www.socaltech.com/calendar/eventid/26367 March 9, Pasadena -- *SCALE 17x - Southern California Linux Expo* *NEW* . See http://www.socaltech.com/calendar/eventid/26397 March 10, Pasadena -- *SCALE 17x - Southern California Linux Expo* *NEW* . See http://www.socaltech.com/calendar/eventid/26398 March 12, Santa Monica -- *Preccelerator Workshop: BOOST Sales Performance with Carrie Lauby* *NEW* . See http://www.socaltech.com/calendar/eventid/26390 March 14, Santa Monica -- *Startup Boost Applications Deadline* *NEW* . See http://www.socaltech.com/calendar/eventid/26392 March 16, Los Angeles -- *Hyperloop brunchwork* *NEW* . See http://www.socaltech.com/calendar/eventid/26399 March 20, San Diego -- *Energy Storage: Key to ending our dependence on fossil fuels and getting to 100% renewable energy. (2019-03-20)* Energy Storage: Key to ending our dependence on fossil fuels and getting to 100% renewable energy. Enterprise Forum San Diego. As California pursues its goal of 60% renewable energy by 2030 and 100% zero-carbon electricity by 2045, capturing and storing renewable energy resources will be critical in ending the state’s dependence on fossil fuels and meeting ambitious climate change goals. In the San Diego region, cities are adopting climate action plans calling for 100% renewable energy by as soon as 2035. Rapidly accelerating progress in energy storage is bringing us closer than ever to achieving a cleaner, more resilient grid and pollution-free transportation. Join us as we explore a variety of the most innovative storage developments and deployments. See http://www.socaltech.com/calendar/eventid/26366 March 21, Irvine -- *TCVN's 2019 Investor Speed Dating* TCVN Speed Dating. Your palms are sweaty. Your legs are shaking. You can’t get the words out of your mouth fast enough. Finally, everything starts to flow. You’re in the zone. Then suddenly, without notice, the buzzer rings and you have to move on. This is not the typical speed-dating scenario. This is how you will feel as an entrepreneur who will soon make investor pitches at the 2019 Speed Dating with Investors event March 21, 2019. Why the anxiety? The presentations will be made one-on-one to many potential investors including members of Tech Coast Angels and you’ve only got few short minutes to pitch, Q&A and listen to seasoned advice and recommendation. That’s not a lot of time. Fortunately, TCVN and the Speed Dating with Investors event is designed to introduce entrepreneurs and startup companies to the world of angel investing. This is not a sales event. Our focus is education, networking and the potential opportunity to connect entrepreneurs with investors. In addition to the TCVN team, investors will be present to speak to participants about their needs. Spots are limited. Acceptance will be on a first come first serve basis, so entrepreneurs, sign up early. See http://www.socaltech.com/calendar/eventid/26332 March 21, El Segundo -- *Investment in Technology and Automation Across Industry in LA County* R.E.D Talk: Investment in Technology and Automation Across Industry in LA County. aking a closer look at how industries like transportation, aerospace, trade & logistics, manufacturing, and banking are adapting to new waves of technology and advancement in automation. See http://www.socaltech.com/calendar/eventid/26368 March 23, Pasadena -- *Caltech Entrepreneurs Forum - Security Tokens and Blockchain* *NEW* . See http://www.socaltech.com/calendar/eventid/26384 March 26, San Diego -- *San Diego Fundingpost VC and Angel Investor Conference* *NEW* . See http://www.socaltech.com/calendar/eventid/26400 March 27, Irvine -- *Orange County Fundingpost VC and Angel Investor Conference* *NEW* . See http://www.socaltech.com/calendar/eventid/26401 March 28, Santa Monica -- *Los Angeles Fundingpost VC and Angel Investor Conference* *NEW* . See http://www.socaltech.com/calendar/eventid/26369 April 2, Los Angeles -- *Industry 4.0: The Future of Humanity in the Smart Machine Age* *NEW* . See http://www.socaltech.com/calendar/eventid/26393 April 5, Camarillo -- *Startups Ventura County* Startups Ventura County (April 5-7, 2019), formerly known as Startup Weekend Ventura County (SWVC), is not a typical startup weekend. Yes, it is an event where entrepreneurs can, over 54 hours, take ideas to a proof of concepts. But it is far more than that. At this event, entrepreneurs get to join forces with intrapreneurs from the two target industries, healthcare and agriculture, to address known challenges and inefficiencies. See http://www.socaltech.com/calendar/eventid/26339 April 6, Camarillo -- *Startups Ventura County* Startups Ventura County (April 5-7, 2019), formerly known as Startup Weekend Ventura County (SWVC), is not a typical startup weekend. Yes, it is an event where entrepreneurs can, over 54 hours, take ideas to a proof of concepts. But it is far more than that. At this event, entrepreneurs get to join forces with intrapreneurs from the two target industries, healthcare and agriculture, to address known challenges and inefficiencies. See http://www.socaltech.com/calendar/eventid/26340 ------------------------------ *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). 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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