*socaltech.com <http://socaltech.com> TechNews - Wednesday, March 27, 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 * - Grindr's Chinese Owner Pressured To Sell Company <#m_6511702414115814306_0077711> - Virtium Sets Two New VPs <#m_6511702414115814306_0077710> - Semtech Gets Win In AV Application <#m_6511702414115814306_0077709> - Tinder's Sean Rad Seeks Dismissal Of Lawsuit <#m_6511702414115814306_0077707> - Envy Medical Acquired By Allergan <#m_6511702414115814306_0077706> - Wheels, Started By Founders of Wag, Comes To LA <#m_6511702414115814306_0077704> - ServiceTitan Launches New Product, Plans Move Into Swank New HQ <#m_6511702414115814306_0077700> *Marketplace* - Recurring Revenue Conference - April 30 to May 1st - LA <#m_6511702414115814306_ad746> - How I Got Funded - April 3, Santa Monica <#m_6511702414115814306_ad748> - BDO - Southern California Technology Industry Team <#m_6511702414115814306_ad737> - Square 1 Bank <#m_6511702414115814306_ad695> - Stradling <#m_6511702414115814306_ad608> *Wednesday, March 27, 2019* *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. *Grindr's Chinese Owner Pressured To Sell Company* <http://www.socaltech.com/fullstory/0077711.html> The current, Chinese owners of gay and bisexual dating app developer Grindr is being pushed to divest the company, on concerns over national security, according to a report from Reuters. Grindr is owned by Beijing Kunlun Tech Co Ltd., which acquired Grindr in 2016. According to the report, the Committee on Foreign Investment in the United States (CFIUS) is concerned about Kunlun Tech's access to personal data derived from Grindr's service. ( More... <http://www.socaltech.com/fullstory/0077711.html>) *Virtium Sets Two New VPs* <http://www.socaltech.com/fullstory/0077710.html> Rancho Santa Margarita-based Virtium, which develops solid state disk drives, announced today that it has added two new vice presidents. According to the company, it has named Jacques Issa as Senior Vice President of Strategic Marketing, and Shane Mortazavi as Vice President of Operations. Issa previously served at Microsemi, and Mortazavi was most recently Vice President of Global operations at Emcore, and also served at General Monitors and Thomas & Betts Corp. (More... <http://www.socaltech.com/fullstory/0077710.html>) *Semtech Gets Win In AV Application* <http://www.socaltech.com/fullstory/0077709.html> Camarillo-based Semtech announced a win on Wednesday morning, saying that one of its chipsets has been selected for an audio visual application. According to Semtech, Christie, a developer of visual and audio technology, is using its BlueRiver platform for SDVoE (Software Defined Video over Ethernet) in a lineup of controllers, transmitters, and receivers. Those devices are used for immersive, multi-screen events and for 4K video content. Shipping volumes on the design were not announced. (More... <http://www.socaltech.com/fullstory/0077709.html>) *Tinder's Sean Rad Seeks Dismissal Of Lawsuit* <http://www.socaltech.com/fullstory/0077707.html> Sean Rad, the co-founder of dating app developer Tinder, is seeking to have a $250M lawsuit filed against him by Tinder owner Match Group dismissed in court. Match Group had counter-sued Rad in January, saying that Rad had copied proprietary information and internal files before leaving the company, violating his employment contract. The lawsuit came after Sean Rad and other former Tinder employees sued Match Group over undervaluing Tinder in order to deprive the employees of equity. (More... <http://www.socaltech.com/fullstory/0077707.html>) *Envy Medical Acquired By Allergan* <http://www.socaltech.com/fullstory/0077706.html> Long Beach-based Envy Medical, a developer of medical aesthetics products, has been acquired by pharmaceuticals giant Allergan, the companies said on Tuesday. Financial details of the acquisition were not announced. According to Allergan, the deal will help it enhance its medical aesthetics portfolio. Envy's flagship line is Dermalinfusion, a non-surgical, non-invasive skin resurfacing system for the face and body. (More... <http://www.socaltech.com/fullstory/0077706.html>) *Wheels, Started By Founders of Wag, Comes To LA* <http://www.socaltech.com/fullstory/0077704.html> Need a way to get around Los Angeles, but just can't handle those scooters? Wheels, a new startup from the co-founders of Wag, announced this morning that the company has started offering up access to its electric powered, two wheel bicycles in Los Angeles, as it expands from its base in San Diego. The company--which has offices in both LA and San Diego--said it is launching in Venice, Hollywood, Brentwood, West LA, Westwood, Miracle Mile, Mid City and other local LA markets. (More... <http://www.socaltech.com/fullstory/0077704.html>) *ServiceTitan Launches New Product, Plans Move Into Swank New HQ* <http://www.socaltech.com/fullstory/0077700.html> Los Angeles-based ServiceTitan, which develops software for residential home services businesses, says it has launched a new, premium produt called Pricebook Pro--and also announced plans to move into a swank new headquarters in Glendale. According to ServiceTitan, its new software, which is used to generate estimates, includes "vivid images" and easy to understand service descriptions, to help businesses enhance estimates and generate higher sales. Pricing on the new product was not announced. ( More... <http://www.socaltech.com/fullstory/0077700.html>) *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/ *How I Got Funded - April 3, Santa Monica <https://stubbsalderton.com/youre-invited-to-how-i-got-funded-presented-by-pasadena-angels-and-stubbs-alderton-markiles/>* "How I Got Funded" Presented By Pasadena Angels And Stubbs Alderton & Markiles Wednesday, April 3, 2019 6:30PM-8: 30 PM SA&M Preccelerator 1316 3rd Street Promenade, Suite 107 Santa Monica, CA 90401 Launching your start-up requires more than grit, determination and a great idea. A successful start-up requires funding, mentoring and strong community partnerships. Join us for our panel discussion with Pasadena Angels’ funded companies and learn how leveraging relationships, laser-focused presentations and perseverance got them over $2M dollars in funding from one of Forbes top 10 angel groups. Moderated by Scott Alderton. Register today! https://stubbsalderton.com/youre-invited-to-how-i-got-funded-presented-by-pasadena-angels-and-stubbs-alderton-markiles/ *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]. *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_6511702414115814306_funding>* 3/22/19 Cardea Bio <http://www.socaltech.com/intelligence/?action=showdeal&id=96273> San Diego $7.80 M 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 Brainbase <http://www.socaltech.com/intelligence/?action=showdeal&id=95749> Los Angeles $1.00 M 2/20/19 CLUTTER INC. <http://www.socaltech.com/intelligence/?action=showdeal&id=84706> Culver City $200.00 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html March 27, Irvine -- *Orange County Fundingpost VC and Angel Investor Conference* Orange County Fundingpost VC and Angel Investor Conference. Interested in meeting and pitching to early-stage Angel Investors and Venture Capitalists in Southern California? Register for the FundingPost event on Wednesday, March 27th, 2019. FundingPost has hosted 400 sold-out venture events in 22 cities over the past 18 years. At our next event, the panel of Investors will focus on Early-Stage Venture Investing: How to meet investors, pitch them, and what it really takes to get them to write you a check! We will be discussing trends in Early-Stage Investing, hot sectors, sectors that these Angels and VCs look at, things that are most important to them when they are considering an Investment, the best and worst things an entrepreneur can do to get their attention, additional advice for entrepreneurs, and, of course, the best ways to reach these and other Investors. There will be plenty of time for networking with the Investor panelists, both before the panel and after the panel at the Cocktail Party! Interested in pitching? 15 will be selected for a 60-second fast pitch to the panel of Investors. The Investors will vote and the winner will get meetings with the Investors. We will have a sign up sheet at the registration table. Exhibitor passes include: - 3 tickets - Table top to display product / service - 4-minute speaking slot at the end of the normal 60- second pitches. Register today, because this event will sell out and seating is limited! Location: WeWork The Boardwalk, 18575 Jamboree Road Irvine, CA 92612 Date: Wednesday, March 27, 2019 Time: 5:30pm-8:30pm Speakers: Moderator: Joe Daniels, McCarter & English David Friedman, Vice President, Tech Coast Angels OC Dean Kline, Managing Director, Penn Venture Partners Kevin Park, Angel Investor JJ Richa, Tech Coast Angels, Angel Investor Kat Utecht, Managing Partner, Core Innovation Capital Scott Fox, Angel Investor MORE INVESTORS TBA. See http://www.socaltech.com/calendar/eventid/26401 March 27, Los Angeles -- *USC Innovation Summit* USC Innovation Summit. The USC Innovation Summit is a new event at the University of Southern California that highlights USC research and innovations to the venture and investment community. Hosted by the USC Stevens Center for Innovation, the one-day summit focuses on university-owned intellectual property, giving investors exclusive access to USC technologies and discoveries with market potential. Luke Timmerman, biotech journalist, author, entrepreneur, and founder of the Timmerman Report, will deliver an exciting keynote address: “Climbing Mt. Everest: Reflections on Leadership and Teamwork” based on his May 2018 Mount Everest climb. See http://www.socaltech.com/calendar/eventid/26406 March 27, San Diego -- *Impact of New Immigration Policies and Regulations* *NEW* . See http://www.socaltech.com/calendar/eventid/26420 March 28, Santa Monica -- *Los Angeles Fundingpost VC and Angel Investor Conference* Interested in meeting and pitching to early-stage Angel Investors and Venture Capitalists in Southern California? Register for the FundingPost event on Thursday, March 28th, 2019. FundingPost has hosted 400 sold-out venture events in 22 cities over the past 17 years. At our next event, the panel of Investors will focus on Early-Stage Venture Investing: How to meet investors, pitch them, and what it really takes to get them to write you a check! We will be discussing trends in Early-Stage Investing, hot sectors, sectors that these Angels and VCs look at, things that are most important to them when they are considering an Investment, the best and worst things an entrepreneur can do to get their attention, additional advice for entrepreneurs, and, of course, the best ways to reach these and other Investors. There will be plenty of time for networking with the Investor panelists, both before the panel and after the panel at the Cocktail Party! Interested in pitching? 15 will be selected for a 60-second fast pitch to the panel of Investors. The Investors will vote and the winner will get meetings with the Investors. We will have a sign up sheet at the registration table. Exhibitor passes include: - 3 tickets - Table top to display product / service - 4-minute speaking slot at the end of the normal 60- second pitches. Register today, because this event will sell out and seating is limited! Location: Cross Campus 929 Colorado Ave Santa Monica, CA 90401 Date: Thursday March 28, 2019 Time: 5:30pm-8:30pm Speakers: Moderator: Joe Daniels, McCarter & English Robert Mai, Scopus Ventures Andrew Ly, Angel Investor Brandon Maier, Quake Capital Mark Linao, AET Fund Kelly Perdew, Moonshots Capital Richard Sussman, Nordic Eye VC. See http://www.socaltech.com/calendar/eventid/26369 March 29, Los Angeles -- *BitAngels Los Angeles March Event * BitAngels Los Angeles. BitAngels is a group of cryptocurrency investors helping to grow the blockchain ecosystem through community events spotlighting new companies. The brainchild of industry leader Michael Terpin, BitAngels launched in 2013 as the world's first angel network for digital currency startups. This event will provide investors, entrepreneurs, and blockchain enthusiasts the opportunity to learn about new projects, including security token offerings. The BitAngels Los Angeles is hosted at Phase Two, a coworking space for entrepreneurs and creators in tech, media, and entertainment. See http://www.socaltech.com/calendar/eventid/26419 April 2, Los Angeles -- *Industry 4.0: The Future of Humanity in the Smart Machine Age* Industry 4.0: The Future of Humanity in the Smart Machine Age. Please join us for a special one-day event on Tuesday, April 2, 2019, at the Novo Room in downtown Los Angeles, in celebration of Pepperdine Graziadio Business School’s 50th anniversary. The full day of events, titled “Industry 4.0: The Future of Humanity in the Smart Machine Age,” will cover topics including the 4th Industrial Revolution and how to prepare the future workforce for increased automation. Pepperdine Graziadio Dean Deryck van Rensburg, Apple Co-Founder Steve Wozniak, Singularity University Founding Executive Director Salim Ismail, and Institute for the Future’s Bob Johansen along with several other influential thought leaders will share their insights on how employers can prepare for the Smart Machine Age and how employees can ensure they remain competitive as automation increases in nearly every industry sector. See http://www.socaltech.com/calendar/eventid/26393 April 3, San Luis Obispo -- *Women in Technology Dinner* *NEW* . See http://www.socaltech.com/calendar/eventid/26422 April 3, Santa Monica -- *How I Got Funded* *NEW* . See http://www.socaltech.com/calendar/eventid/26421 April 3, San Diego -- *Angel Investing 101 Workshop* Angel Investing 101. Tech Coast Angels. It turns out that angel investing is more than art - it's also very much a science. How do we know? Data! And knowing and understanding this Data can be the difference between making money and getting fleeced. On April 3rd, 2019 we're pleased to offer you another round of the popular "Angel Investing 101" workshop. It is run by legendary angel investor, co-founder of TCA-SD and former Kauffman Foundation EIR, Bill Payne. This year will also include a segment focused on the TCA due diligence and funding process and TCA's new $2M+ Annual Fund. This workshop is designed to prepare new investors with background information, strategies, tools, and resources to succeed in angel investing. See http://www.socaltech.com/calendar/eventid/26405 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 April 7, 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/26341 April 10, Los Angeles -- *Digital Summit LA* Digital Summit LA. Why Attend in 2019? Phenomenal Content (and more of it!). We have 45+ sessions from industry leading companies — each promising the forward-leaning strategies and tactics you need to set up big wins in 2019. Awesome Keynotes - including entrepreneur, best-selling author, and tech media personality, Randi Zuckerberg, Amazon's Chief Evangelist, Dave Isbitski, and SparkToro CEO, Rand Fishkin. will be joining our all-star lineup — with more to be announced! A ridiculous, expanded list of industry heavyweights and innovators on this year's speaker roster. We're talking Amazon, Marvel, Nike, Google, Refinery29, Southwest, WIRED, Periscope, Reebok, Microsoft — with more being added every week! Even more networking opportunities with 1300+ seasoned marketing geeks like you throughout the event. Connect with like-minds, partners, and new friends at afternoon bars, parties, between sessions and more!. See http://www.socaltech.com/calendar/eventid/26312 April 11, Santa Monica -- *Santa Monica Tech Happy Hour on the Patio!* Santa Monica Tech Happy Hour on the Patio! by Startup Coil. It's finally patio season! Let's get things warmed up with an epic L.A. Tech Happy Hour overlooking the 3rd Street Promenade in beautiful downtown Santa Monica. See http://www.socaltech.com/calendar/eventid/26411 April 13, Pasadena -- *Caltech Entrepreneurs Forum - Venture Funding* Caltech Entrepreneurs Forum - Venture Funding. The Los Angeles Tech & Venture Scene 2019 / Anatomy of a Successful Seed Round. Our program keynote will debut the 2019 Amplify.LA presentation which offers a comprehensive overview of the Los Angeles tech and venture landscape. It includes a look back on 2018, and covers all the players, investors, history and emerging players in LA tech. Speaker include Eric Pakravan of Amplify, Arye Barnehama of Elementary Robotics, Eva Ho of Fika Ventures and Alex Rubalcava of Stage Venture Partners. . See http://www.socaltech.com/calendar/eventid/26408 April 17, Woodland Hills -- *2019 SFVBJ Women's Council* 2019 SFVBJ Women's Council. San Fernando Valley Business Journal.The San Fernando Valley Business Journal is proud to present the 2019 Women's Council Awards at the Hilton Woodland Hills. The San Fernando Valley Business Journal is proud to present our Women's Council Awards at the Hilton Woodland Hills. At the luncheon awards program, we will honor women who have made a difference throughout the Valley area. Join us in honoring the outstanding achievements by women who make a difference throughout the San Fernando, Santa Clarita, Conejo, and Antelope valley community. Award Categories: CEO of the Year, Executive of the Year, Volunteer of the Year, Rising Star, Not-For-Profit, Business Owner of the Year, Business Team of the Year, and Lifetime Achievement Award. See http://www.socaltech.com/calendar/eventid/26413 April 22, Los Angeles -- *CTO Awards* LABJ CTO Awards. This event will honor Chief Technology and Information Officers and others who are in the top information technology positions within their organizations. These important individuals and teams play vital roles in making Los Angeles a hub for innovation, and in making its businesses, institutions, and nonprofits successful. See http://www.socaltech.com/calendar/eventid/26409 ------------------------------ *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. 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