*socaltech.com <http://socaltech.com> TechNews - Monday, June 3, 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 * - Pledgeling's James Citron: Every Business Should Be A Social Enterprise <#m_-1412258363243204195_0078214> - SpaceX Picks Up $1 Billion More In New Funding <#m_-1412258363243204195_0078215> - GPB Scientific Finds $2.2M From NIH Grant <#m_-1412258363243204195_0078218> - CalAmp Names New Board Members <#m_-1412258363243204195_0078217> - Starlink Launch Triggers Alarm Among Astronomers As Satellites Mar Views <#m_-1412258363243204195_0078216> - Stratolaunch To Shut Down <#m_-1412258363243204195_0078213> - Sizmek's Ad Server, Optimization Products Acquired By Amazon <#m_-1412258363243204195_0078212> - Silicon Valley Startup To Buy Naming Rights To New LA NFL Stadium For $400M <#m_-1412258363243204195_0078211> - Snap Unloads Placed To Foursquare <#m_-1412258363243204195_0078210> - Video Interview: Greg Monterossa, Community Manager, Hub 101 <#m_-1412258363243204195_0078208> *Marketplace* - Stradling <#m_-1412258363243204195_ad608> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#m_-1412258363243204195_ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#m_-1412258363243204195_ad750> - Pacific Western Bank, Venture Banking Group – Brian Weber <#m_-1412258363243204195_ad749> - BDO - Southern California Technology Industry Team <#m_-1412258363243204195_ad737> *Monday, June 3, 2019* *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] *Pledgeling's James Citron: Every Business Should Be A Social Enterprise* <http://www.socaltech.com/fullstory/0078214.html> For this morning's interview, with caught up with serial entrepreneur James Citron, the founder of Pledgeling (www.pledgeling.com), a startup which enables any business to help connect their business with social causes. Citron previously founded and sold Mogreet, a developer of mobile marketing software, among other ventures. What is Pledgeling? James Citron: We firmly believe most successful businesses of the future will be the ones with the most social impact. (More... <http://www.socaltech.com/fullstory/0078214.html>) *SpaceX Picks Up $1 Billion More In New Funding* <http://www.socaltech.com/fullstory/0078215.html> Hawthorne-based *SpaceX <http://www.spacex.com>* has raised over $1 billion in new funding, according to regulatory filings from the firm filed on Friday. According to the regulatory filings, SpaceX raised the $1.022 billion split acros two rounds of funding, one worth $535.7M, and $486.2M in the other. Source of the new funding and intended use for the new funds have not been announced by the company.(More... <http://www.socaltech.com/fullstory/0078215.html>) *GPB Scientific Finds $2.2M From NIH Grant* <http://www.socaltech.com/fullstory/0078218.html> V (More... <http://www.socaltech.com/fullstory/0078218.html>) *CalAmp Names New Board Members* <http://www.socaltech.com/fullstory/0078217.html> Irvine-based CalAmp, which develops asset tracking and related hardware and software, has named two new board members, the company announced this morning. According to the company, it has added Scott Arnold and Jason Cohenour to its board, with longtime board member Kimberly Alexy stepping down. Arnold is President of Shutterfly Enterprise, and also has served as president and CEO at AppSense, and a partner at McKinsey. Cohenour previously was President, CEO, and Director at Sierra Wireless. (More... <http://www.socaltech.com/fullstory/0078217.html>) *Starlink Launch Triggers Alarm Among Astronomers As Satellites Mar Views* <http://www.socaltech.com/fullstory/0078216.html> The successful launch of 60 "Starlink" satellites last month by Hawthorne-based SpaceX has triggered concern among astronomers and others, after it has become apparent that the satellites are highly visible, and likely to obscure a view of the skies. Although SpaceX has assured astronomers and others that as its Starlink satellites are deployed they will be less visible, at the moment, the highly visible trail of those Starlink satellites are often brighter than the stars. (More... <http://www.socaltech.com/fullstory/0078216.html>) *Stratolaunch To Shut Down* <http://www.socaltech.com/fullstory/0078213.html> Mojave-based space launch vehicle startup Stratolaunch Launch Systems, which was backed by late Microsoft co-founder Paul G. Allen, is shutting its doors, according to a report on Friday from Reuters. The report--which cited "four people familiar with the matter"--said that Stratolaunch would close its operations. No reason for the shutdown was given. Stratolaunch just completed its very first, successful flight in April. (More... <http://www.socaltech.com/fullstory/0078213.html>) *Sizmek's Ad Server, Optimization Products Acquired By Amazon* <http://www.socaltech.com/fullstory/0078212.html> The ad serving and "creative optimization" businesses of Sizmek, the now-bankrupt developer of advertising technology which had a significant portion of its team in Los Angeles, has been acquired by Amazon, Amazon said on Friday. Financial details of the acquisition were not announced. Amazon said it has agreed to acquire both the Sizmek Ad Server and Sizmek Dynamic Creative Optimization (DCO) products. Sizmek had been looking for a buyer for the two products. (More... <http://www.socaltech.com/fullstory/0078212.html>) *Silicon Valley Startup To Buy Naming Rights To New LA NFL Stadium For $400M* <http://www.socaltech.com/fullstory/0078211.html> Sofi, a Silicon Valley startup in the personal finance industry, is getting set to buy naming right to the new NFL stadium being built in Los Angeles, according to a report. The naming deal is reportedly worth $400M. Sofi just raised $500M from the Qatar Investment Authority this week, in a deal that gives the company a valuation of $4.3M. The new stadium, being build in Inglewood, is the future home of both the Rams and the Chargers, and also is set to host the Super Bowl in 2022. (More... <http://www.socaltech.com/fullstory/0078211.html>) *Snap Unloads Placed To Foursquare* <http://www.socaltech.com/fullstory/0078210.html> Los Angeles-based Snap Inc., the parent firm of Snapchat, has sold off Placed, a developer of location intelligence and offline attribution software tools. Financial terms of the acquisition were not announced. Snap Inc. had acquired Placed in 2017, paying $135.2M in cash. The acquisition by Foursquare came after it raised a new $150M investment from the Raine Group. As part of the acquisition, Foursquare said that Placed founder and CEO David Shim becomes President of Foursquare. (More... <http://www.socaltech.com/fullstory/0078210.html>) *Video Interview: Greg Monterossa, Community Manager, Hub 101* <http://www.socaltech.com/fullstory/0078208.html> Friday video interview: Greg Monterossa is the Community Manager at Hub101, a startup community in Westlake Village affiliated with California Lutheran University (CLU). We talked with Greg about finding your startup community, and to get some advice from him about startup success. (More... <http://www.socaltech.com/fullstory/0078208.html>) *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. *Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <https://www.bestronics.com>* Are the great ideas stacking up faster than your engineering resources can handle? Your company needs a reliable resource of analog/digital and software engineers to understand your issues, define the problem statements and lay out a course of action to output hardware products ready for integration into your system. Our unique capabilities, used by many in the medical, scientific, military and aerospace industries, allow us to offer engineering services that result in deliverable, production ready subsystems so you can concentrate on targeting your customer base and not stressing about the right mix and numbers of engineering talent needed to see your vision become reality. Contact us at http://www.bestronics.com *IP Protection for Technology and Business - SoCal IP Law Group LLP <http://www.socalip.com>* Patents. Trademarks. Copyrights. Trade Secrets. IP Filings. IP Strategy. IP Litigation. IP Transactions. US and Worldwide. Offices in Westlake Village and Santa Barbara. [email protected] www.socalip.com *Pacific Western Bank, Venture Banking Group – Brian Weber <http://www.pacwest.com/lending-solutions/venture-lending>* Pacific Western Bank is a commercial bank with over $26 billion in assets and 74 full-service branches located throughout California and one branch in Durham, North Carolina. Our Venture Banking Group offers a comprehensive suite of financial services focused on entrepreneurial businesses and their venture capital and private equity investors. We also offer Community Banking and National Lending services. For more information, visit http://www.pacwest.com/lending-solutions/venture-lending, 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 ------------------------------ *Recent Funding <#m_-1412258363243204195_funding>* 5/30/19 Mission <http://www.socaltech.com/intelligence/?action=showdeal&id=97268> El Segundo $15.00 M 5/22/19 Locana <http://www.socaltech.com/intelligence/?action=showdeal&id=97225> San Diego $55.00 M 5/15/19 Halla <http://www.socaltech.com/intelligence/?action=showdeal&id=97031> Los Angeles $1.40 M 5/08/19 Neural Analytics, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=96997> Los Angeles $22.00 M 5/07/19 INDOSE INC. <http://www.socaltech.com/intelligence/?action=showdeal&id=96994> Woodland Hills $3.50 M 5/07/19 Liquid Death <http://www.socaltech.com/intelligence/?action=showdeal&id=96995> Santa Monica $1.60 M 5/01/19 VideoAmp <http://www.socaltech.com/intelligence/?action=showdeal&id=96885> Santa Monica $70.00 M 4/30/19 Trovata.io <http://www.socaltech.com/intelligence/?action=showdeal&id=96886> San Diego $5.50 M 4/25/19 Happy Returns <http://www.socaltech.com/intelligence/?action=showdeal&id=96847> Santa Monica $11.00 M 4/22/19 Poseida Therapeutics, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=96795> La Jolla $142.00 M 4/17/19 Slingshot Aerospace <http://www.socaltech.com/intelligence/?action=showdeal&id=96701> El Segundo $5.00 M 4/17/19 Sistine Solar <http://www.socaltech.com/intelligence/?action=showdeal&id=96702> 28 Dane Street $0.00 M 4/16/19 Enevate <http://www.socaltech.com/intelligence/?action=showdeal&id=96652> Irvine $0.00 M 4/10/19 Cullgen <http://www.socaltech.com/intelligence/?action=showdeal&id=96588> San Diego $16.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html June 5, Westlake Village -- *ACG101's 3rd Annual Emerging Growth Pitch Competition & Showcase* ACG101's 3rd Annual Emerging Growth Pitch Competition & Showcase. On June 5th, we're showcasing a select group of Greater-Los Angeles's finest startups in an event you won't want to miss. 10 selected startups will pitch to attendees, guest judges (investors and seasoned entrepreneurs) in a showcase/demo table style presentation. Three finalists will then be selected to formally do a 2-minute pitch for the grand prize! The winner will receive $1000 in cash, $2500 in legal services from leading SoCal law firm Stubbs Alderton & Markiles, a 409A valuation from Weaver (a $5K value), a year's worth of coworking space at Hub 101, and hugely valuable real-time investor feedback about their product and presentation.. See http://www.socaltech.com/calendar/eventid/26468 June 11, San Diego -- *San Diego FundingPost VC and Angel Investor PitchFest + Pitch Workshop* San Diego FundingPost VC and Angel Investor PitchFest + Pitch Workshop. We're doing it again! Due to the overwhelming demand to pitch at our last event in San Diego, we're throwing an exclusive PitchFest speed dating event where you will be pitching to over 20 investors one-on-one! At this San Diego Event, we will be showcasing some of the newest early-stage venture funds & angel groups in the San Diego area! The panels of seasoned and newer 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! There will be plenty of time for networking with the Investor panelists, both before the panel & after the panel at the Cocktail Party! As an additional benefit, entrepreneur 1/4 page summaries will be given to the investor speakers and attendees. All of the Investors will get your company description and contact info! Register today, as this event will sell-out and is limited! Additionally, there will be an Optional Pitching Workshop Lunch from 12pm-3pm. The cost to participate will be $350. This Lunch Workshop includes the $75 ticket to the event. During this workshop we will completely deconstruct your elevator pitch, and work with you on formulating a clean and concise 2 minute elevator pitch giving the important information that investors NEED to hear to make an educated decision on your company! Then you get to give your new Elevator Pitch in person to the Panel of Investors during the event! There are only 15 spaces left in the Workshop. Location: Cross Campus San Diego 2159 India Street San Diego, CA 92101 Date: Tuesday, June 11, 2019 Time: 5:30pm - 9:00pm Cost: - Entrepreneur: $75 - Entrepreneur + Workshop (15 left): $350 - Investor / Service Provider: $85 Speakers: Moderator: Joe Daniels, McCarter & English Greg Horowitt, Managing Director, Jun Capital Partners Zalmi Duchman, Angel Investor Tom Markel, Angel Investor Andrew Ly, Angel Investor +DOZENS MORE INVESTORS. See http://www.socaltech.com/calendar/eventid/26469 June 12, Los Angeles -- *DigiMarCon West 2019 - Digital Marketing Conference & Exhibition* DigiMarCon West 2019 - Digital Marketing Conference & Exhibition. DigiMarCon West 2019 is your chance to ... - Hear from some of the most audacious and thought provoking speakers in the digital marketing industry. - Gain insight into emerging strategies, the latest innovative technologies, and best practices to move your business to the next level. - Network with thought leaders, collaborate with your peers and build your network in a beautiful atmosphere. DigiMarCon West 2019 Digital Marketing Conference & Exhibition will be held from June 12th to 13th, 2019 at the luxurious Loews Santa Monica Beach Hotel in Los Angeles, California. Whatever your goal is; reinforcing customer loyalty, improving lead generation, increasing sales, or driving stronger consumer engagement, the DigiMarCon West 2019 line up has been specifically designed to help you develop your audience. See http://www.socaltech.com/calendar/eventid/26373 June 12, Los Angeles -- *TECHSPO Los Angeles 2019* TECHSPO Los Angeles Technology Expo - June 12-13, 2019 - Los Angeles, CA. See http://www.socaltech.com/calendar/eventid/26379 June 12, San Diego -- *Cybersecurity Summit June 2019* Cybersecurity Summit June 2019. Tech San Diego. Although California’s Consumer Privacy Act (CCPA) was intended to govern digital giants like Facebook, it will also impact small and medium-sized businesses. Effective Jan. 1, 2020, the sweeping digital privacy law gives consumers new rights over their personal information—and comes with financial risk related to non-compliance for the companies that hold it. So join ESET security expert Stephen Cobb, ESET General Counsel Alexandra Albro and Sheppard Mullin cyber attorney Justine Phillips for a candid discussion about CCPA for SMBs. See http://www.socaltech.com/calendar/eventid/26463 June 13, Irvine -- *Orange County FundingPost VC and Angel Investor PitchFest + Pitch Workshop* Orange County FundingPost VC and Angel Investor PitchFest + Pitch Workshop. We're doing it again! Due to the overwhelming demand to pitch at our last event in Orange County, we're throwing an exclusive PitchFest speed dating event where you will be pitching to over 20 investors one-on-one! At this OC Event, we will be showcasing some of the newest early-stage venture funds & angel groups in the San Diego area! The panels of seasoned and newer 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! There will be plenty of time for networking with the Investor panelists, both before the panel & after the panel at the Cocktail Party! As an additional benefit, entrepreneur 1/4 page summaries will be given to the investor speakers and attendees. All of the Investors will get your company description and contact info! Register today, as this event will sell-out and is limited! Additionally, there will be an Optional Pitching Workshop Lunch from 12pm-3pm. The cost to participate will be $350. This Lunch Workshop includes the $75 ticket to the event. During this workshop we will completely deconstruct your elevator pitch, and work with you on formulating a clean and concise 2 minute elevator pitch giving the important information that investors NEED to hear to make an educated decision on your company! Then you get to give your new Elevator Pitch in person to the Panel of Investors during the event! There are only 15 spaces left in the Workshop. FREE PARKING ACROSS THE STREET AT: Jamboree Promenade Shopping Center Location: WeWork The Boardwalk 18575 Jamboree Road Irvine, CA 92612 Date: Thursday June 13th, 2019 Time: 5:30pm - 9:00pm Cost: - Entrepreneur: $75 - Entrepreneur+Workshop (15 left): $350 - Investor / Service Provider: $85 Speakers: Moderator: Joe Daniels, McCarter & English Zalmi Duchman, Angel Investor Brandon Maier, Founding Partner, WestWave Ventures JJ Richa, Tech Coast Angels, Angel Investor Scott Fox, CEO, OC Startup Council Doug Pennington, Founder, ArchAngels Investors Anderee Berengian, Founder & Managing Director: RezVen Partners Chad Anderson, MT Digital Assets Tom Markel, Angel Investor +DOZENS MORE INVESTORS. See http://www.socaltech.com/calendar/eventid/26470 June 19, Pasadena -- *SoCal First Look Innovation Showcase 2019* SoCal First Look Innovation Showcase 2019. The SoCal First Look Innovation Showcase supports, nurtures and stimulates our unique innovation culture in Southern California and promotes its position as a vibrant hub for start-ups and emerging technology. In addition to the presenters, venture capitalists and early stage angel investors attend the event, along with local elected officials, business leaders and senior administrators from the universities. See http://www.socaltech.com/calendar/eventid/26432 June 22, Burbank -- *AT&T SHAPE Conference* AT&T SHAPE Conference. Showcasing a number of interactive experiences, SHAPE 2019 will offer attendees exclusive experiences with the unprecedented responsiveness and speed of 5G. From the future of travel in an IoT-enabled Airstream Classic travel trailer that’s connected to AT&T’s 5G network to experiencing gaming on the latest 5G mobile devices to enjoying immersive entertainment with volumetric video capture and cutting-edge virtual reality content from Warner Bros, AT&T is offering something for everyone looking to learn more about the capabilities of AT&T 5G network. https://shape.att.com/. See http://www.socaltech.com/calendar/eventid/26476 June 23, Burbank -- *AT&T SHAPE Conference* AT&T SHAPE Conference. Showcasing a number of interactive experiences, SHAPE 2019 will offer attendees exclusive experiences with the unprecedented responsiveness and speed of 5G. From the future of travel in an IoT-enabled Airstream Classic travel trailer that’s connected to AT&T’s 5G network to experiencing gaming on the latest 5G mobile devices to enjoying immersive entertainment with volumetric video capture and cutting-edge virtual reality content from Warner Bros, AT&T is offering something for everyone looking to learn more about the capabilities of AT&T 5G network. https://shape.att.com/. See http://www.socaltech.com/calendar/eventid/26477 June 24, Irvine -- *UC Irvine Summer Academies in the Arts* UC Irvine Summer Academies in the Arts. UC Irvine's Claire Trevor School of the Arts presents Summer Academies in the Arts - college and career preparatory intensives in Art, Dance, Drama, Music and Technology for students ages 8-22 years old. Classes run through August 16, 2019. Scholarships and financial aid are available. See http://www.socaltech.com/calendar/eventid/26440 June 25, Santa Monica -- *Preccelerator Class 11 Demo Day* Preccelerator Class 11 Demo Day. Clear your calendar - It's going down! The Preccelerator ® Program Class 11 Demo Day kicks off on June 25th @ 6:00 pm, and you're invited to take part in the festivities. What a wild ride it has been! Preccelerator cohort companies are early stage, and we work hand in hand with them throughout their 6-month term to know their market and users, foster their leadership skills, build and test their product, avoid legal pitfalls, ensure the defensibility of their products, acquire users and partnerships and prepare them for the fundraising process. Now it's time to showcase their efforts! Pitches will be followed by a special Startup Superhero Series speaker - who will be sharing the highs and lows and lessons learned on their startup journey. See http://www.socaltech.com/calendar/eventid/26474 June 30, Woodland Hills -- *Chief Financial Officer and Human Resources Professionals Awards* Chief Financial Officer and Human Resources Professionals Awards. San Fernando Valley Business Journal. The San Fernando Valley Business Journal is proud to present the 2019 CFO and HR Professionals of the Year Awards. This year we have expanded the awards program to recognize the increasingly critical work done by Human Resources departments. Both CFOs and HR professionals serve as essential members of a company’s core leadership team, and we are pleased to recognize their contributions. See http://www.socaltech.com/calendar/eventid/26424 ------------------------------ *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. 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