*socaltech.com <http://socaltech.com> TechNews - Tuesday, July 9, 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 * - Interview with Chris Bostick, OCV Partners <#m_832274505025451268_0078439> - MomentFeed Names Tech Veteran Nick Hedges As CEO <#m_832274505025451268_0078441> - Rubicon Project Names New Board Member <#m_832274505025451268_0078442> - Zyxel Transitions To Solar Power <#m_832274505025451268_0078443> - Virgin Galactic Plans To Go Public Via Acquisition Deal <#m_832274505025451268_0078440> - SpaceX Wins Award To Send Probe To Study Black Holes <#m_832274505025451268_0078438> - Bird Scooters Among Those Trashed By DC Flooding <#m_832274505025451268_0078437> - Fire Reported At SpaceX Facility In Florida <#m_832274505025451268_0078436> - 3L Capital Raises $217M For New Investments <#m_832274505025451268_0078433> *Marketplace* - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#m_832274505025451268_ad752> - Stubbs Alderton & Markiles Preccelerator <#m_832274505025451268_ad694> - Stradling <#m_832274505025451268_ad608> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#m_832274505025451268_ad596> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#m_832274505025451268_ad188> *Tuesday, July 9, 2019* *Facilitated Off-Site Planning for Growth Companies and Venture Firms <http://www.collective-genius.com>* Peak is a facilitated team off-site that empowers growth companies and venture firms to build a Three Year Vision, One Year Plan, and Quarterly OKRs. With the vision and plan set, we provide additional tools to keep the team aligned, accountable and on track. Peak is a collection of best practices Jeff Martin founder of Collective Genius has derived from twenty plus years of experience in founding and operating technology growth companies and venture firms. We are partnered with local and national venture firms and provide portfolio partner discounts. Schedule a Pre-Camp Meeting to Learn More: [email protected] Collective Genius - Off-Site Planning and Recruiting for Growth Companies and Venture Firms - collective-genius.com *Interview with Chris Bostick, OCV Partners* <http://www.socaltech.com/fullstory/0078439.html> For our interview today, we spoke with Chris Bostick, a Senior Associate at OCV Partners (www.ocvpartners.com). Dr. Bostick obtained his Ph.D. in Pharmaceutical and Pharmacological Sciences from West Virginia University, and told us a bit about the fund, its investments, and his advice to entrepreneurs looking for investment from the company. What is OCV Partners? Chris Bostick: We're a mid-Wilshire venture firm, with a $260M fund. ( More... <http://www.socaltech.com/fullstory/0078439.html>) *MomentFeed Names Tech Veteran Nick Hedges As CEO* <http://www.socaltech.com/fullstory/0078441.html> Santa Monica-based MomentFeed, which develops software that helps national brands keep information on their stores up to date across mapping and mobile services, has named Nick Hedges as CEO of the company, MomentFeed said this morning. Hedges is a longtime Southern California technology veteran, who was most recently President and CEO of Velocify. Hedges served in that position until its recent acquisition by Ellie Mae. Hedges also previously has served at Bain & Company, Accenture. (More... <http://www.socaltech.com/fullstory/0078441.html>) *Rubicon Project Names New Board Member* <http://www.socaltech.com/fullstory/0078442.html> Los Angeles-based Rubicon Project announced late Monday that it has added a new member to its board of directors. According to Rubicon, it appointed Sarah Harden, the current CEO of Hello Sunshine, to its board. Hello Sunshine is the media company of Reeese Witherspoon. Harden also previously served as President and Executive Vice President at Otter Media/The Chernin Group. Harden also was previously a board member of ESPN-Star Sports, Star China Media and The Moby Group. (More... <http://www.socaltech.com/fullstory/0078442.html>) *Zyxel Transitions To Solar Power* <http://www.socaltech.com/fullstory/0078443.html> Anaheim-based hardware developer Zyxel Communications, the developer of broadband networking hardware, says it has transitioned to use solar power at its North American headquarters. According to Zyxel, it just installed a new, 200 kW solar power system at its headquarters, which it expects to generate enough power to supply 90 percent of its power in Anaheim. (More... <http://www.socaltech.com/fullstory/0078443.html>) *Virgin Galactic Plans To Go Public Via Acquisition Deal* <http://www.socaltech.com/fullstory/0078440.html> Mojave-based Virgin Galactic, the space tourism venture led by Richard Branson, is looking to go public via a merger with a special purpose acquisition company (SPAC), called Social Capital Hedosophia Holdings Corp., according to the WSJ. The paper, citing "people familiar with the matter", says Social Capital Hedosophia Holdings would invest roughly $800M in Virgin Galactic for a 49 percent stake in the company, and create what will be the first, publicly traded space tourism company. (More... <http://www.socaltech.com/fullstory/0078440.html>) *SpaceX Wins Award To Send Probe To Study Black Holes* <http://www.socaltech.com/fullstory/0078438.html> Hawthorne, California-based SpaceX has scored a $50.3M contract to launch a NASA probe to study black holes and neutron stars. According to NASA, the award covers both launch services and other mission-related costs for the Imaging X-Ray Polarimetry Explorer (IXPE). NASA explained the IXPE will measure polarized X-rays from objects, such as black holes and neutron stars to better understand these types of cosmic phenomena and extreme environments. (More... <http://www.socaltech.com/fullstory/0078438.html>) *Bird Scooters Among Those Trashed By DC Flooding* <http://www.socaltech.com/fullstory/0078437.html> Scooters from Santa Monica-based Bird are among the many on-demand, last mile scooters which have been trashed by a sudden flash flood in Washington, DC this morning. The sudden flash flood emergency dropped more than 4 inches of rain in less than an hour, resulted in a snarled commute and multiple water rescues. It's unclear how much damage Bird incurred in the severe weather; the cost of keeping Bird's scooters on the road has emerged as a major problem for Bird. (More... <http://www.socaltech.com/fullstory/0078437.html>) *Fire Reported At SpaceX Facility In Florida* <http://www.socaltech.com/fullstory/0078436.html> A fire broke out this morning at a SpaceX facility in Florida, where SpaceX is working on its "Starship", reportedly causing around $650,000 in damage. Other details on the fire have not yet been provided by SpaceX. SpaceX, which is based in the Los Angeles area, in Hawthorne, has said that it hopes to launch commercial missions on the Starship in 2021. The Starship is ultimately designed to carry people to Mars. (More... <http://www.socaltech.com/fullstory/0078436.html>) *3L Capital Raises $217M For New Investments* <http://www.socaltech.com/fullstory/0078433.html> Los Angeles- and New York-based 3L Capital, a new venture capital investment fund co-founded by former Demand Media CEO Shawn Colo, has raised $217M in a new investment round, the firm said today. The startup investor has already been busy making investments in Los Angeles area startups, and already has investments ChowNow, TYT, SnackNation, and Wheels along with TheRealReal, 101 Commerce, and others. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=55079>)(More... <http://www.socaltech.com/fullstory/0078433.html>) *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 *Stubbs Alderton & Markiles Preccelerator <http://stubbsalderton.com/preccelerator/>* Accelerating Growth for Early Stage Innovation The Preccelerator® Program is a platform offered to select start-up companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides interim office space, sophisticated legal services, mentorship and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. The Preccelerator® Program provides these benefits to as many as 10 promising young startups in separate growth tracks. http://stubbsalderton.com/preccelerator/ *Stradling <http://www.sycr.com>* Stradling, Attorneys At Law (<a href="http://www.sycr.com";>http://www.sycr.com) Stradling Yocca Carlson & Rauth (“Stradling”) is a premier business law firm with over 125 attorneys and 10 offices in the western US. The offices are: Newport Beach, Santa Barbara, Santa Monica, San Diego, San Francisco - SOMA, San Francisco - Financial District, Sacramento, Reno, Denver, Seattle. The Firm’s corporate, litigation and public law practices are well known for their expertise and depth. Stradling's clients include emerging and high growth public and private companies as well as private equity funds, venture capital groups and their respective portfolio companies. Widely recognized for its expertise, responsiveness and outstanding client service, the Firm's size, structure, and culture allow it to provide the highest quality representation while maintaining the responsiveness and relationships commonly associated with smaller firms. *Early Stage Commercial Insurance - Pacific Unified Insurance Agency <[email protected]>* We are a commercial insurance broker working with startup and early stage technology and E-Commerce companies to implement cost effective strategies for their insurance and risk management programs. We provide guidance and strategic planning during various phases and also advise regarding employee benefit structures to assist in employee recruiting and retention. Coverage placements include D&O, Property, Liability, Workers Comp, E&O, Cyber/Network Security and Employee Benefit Programs. Contact: John Huttinger, CIC, CRM Vice President Ph#310-370-5000 Ext 3025 w Fx 310-370-5454 [email protected] *Pixelgate.net - Internet Access, Web Hosting, Network Services <http://www.pixelgate.net>* We put the "Service" back into Internet Service Provider. http://www.pixelgate.net ------------------------------ *Recent Funding <#m_832274505025451268_funding>* 6/24/19 AFYX Therapeutics <http://www.socaltech.com/intelligence/?action=showdeal&id=97538> San Diego $13.00 M 6/18/19 Elevate Services <http://www.socaltech.com/intelligence/?action=showdeal&id=97508> Los Angeles $25.00 M 6/14/19 Sunbit, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=97477> Los Angeles $26.00 M 6/13/19 CreatorIQ <http://www.socaltech.com/intelligence/?action=showdeal&id=97476> Culver City $12.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html July 9, Los Angeles -- *USC Viterbi Data Analytics Boot Camp Demo Day* USC Viterbi Data Analytics Boot Camp Demo Day. The USC Viterbi Data Analytics Boot Camp is the latest non-degree continuing education offering for the Viterbi School, training working professionals on key skills in the field of data analytics. This program is offered through the USC Viterbi School of Engineering, in affiliation with Trilogy Education Services, a Continuing Education Program Manager (CEPM) whose mission is to prepare students with the technical skills and personal confidence needed for careers in the digital economy. Please join us as the USC Viterbi Data Analytics Boot Camp participants showcase their new skill set. See http://www.socaltech.com/calendar/eventid/26491 July 17, El Segundo -- *El Segundo Tech & Aerospace Networking* El Segundo Tech & Aerospace Networking @ Smoky Hollow Tasting & Taproom. Join us for South Bay Tech & Aerospace Happy Hour in Hermosa Beach! We are building Aerospace and Tech community in the South Bay. See http://www.socaltech.com/calendar/eventid/26490 July 18, Los Angeles -- *So what's this app called TikTok?* All about TikTok. Startup Coil. Do you know that the team behind its success works in your own backyard? Learn more about the TikTok team, our app, and how short-form vertical videos are changing the content ecosystem through a cross-functional panel of members of the TikTok team. See http://www.socaltech.com/calendar/eventid/26492 July 20, Venice -- *Tech in the Sun: Summer Networking Party* Tech in the Sun: Summer Networking Party. StartOut LA and Podshare present "Tech in the Sun: Summer Networking Party" a intergenerational networking event for new and seasoned entrepreneurs. Join us for our summer networking party as we help both new and seasoned entrepreneurs build business relationships in the Los Angeles Technology Ecosystem. You won't want to miss. See http://www.socaltech.com/calendar/eventid/26489 July 26, Santa Monica -- *Startup Weekend Girl Scouts of Greater Los Angeles* Startup Weekend Girl Scouts of Greater Los Angeles. Are you a Senior or Ambassador Girl Scout who likes to come up with big ideas, invent things, work with others, and learn skills that will help you with school, college, and a future job? Then Startup Weekend is for you! During this exciting event, you will take an idea from nothing to something, pitch to product. Girls will pitch ideas, form teams around the top ideas, research their customers, and work intensely as teams to build a prototype that demonstrates the potential of their business. The event culminates in a “SHARK TANK” style pitch competition where teams present their business and demonstrate their prototype to a panel of judges. Experience the highs, lows, fun, and pressure that make up life at a startup. As you learn how to create a real company, you'll meet and network with the very best mentors, investors, co-founders, and sponsors who are ready to help you get started. . See http://www.socaltech.com/calendar/eventid/26486 July 27, Santa Monica -- *Startup Weekend Girl Scouts of Greater Los Angeles* Startup Weekend Girl Scouts of Greater Los Angeles. Are you a Senior or Ambassador Girl Scout who likes to come up with big ideas, invent things, work with others, and learn skills that will help you with school, college, and a future job? Then Startup Weekend is for you! During this exciting event, you will take an idea from nothing to something, pitch to product. Girls will pitch ideas, form teams around the top ideas, research their customers, and work intensely as teams to build a prototype that demonstrates the potential of their business. The event culminates in a “SHARK TANK” style pitch competition where teams present their business and demonstrate their prototype to a panel of judges. Experience the highs, lows, fun, and pressure that make up life at a startup. As you learn how to create a real company, you'll meet and network with the very best mentors, investors, co-founders, and sponsors who are ready to help you get started. . See http://www.socaltech.com/calendar/eventid/26487 July 28, Santa Monica -- *Startup Weekend Girl Scouts of Greater Los Angeles* Startup Weekend Girl Scouts of Greater Los Angeles. Are you a Senior or Ambassador Girl Scout who likes to come up with big ideas, invent things, work with others, and learn skills that will help you with school, college, and a future job? Then Startup Weekend is for you! During this exciting event, you will take an idea from nothing to something, pitch to product. Girls will pitch ideas, form teams around the top ideas, research their customers, and work intensely as teams to build a prototype that demonstrates the potential of their business. The event culminates in a “SHARK TANK” style pitch competition where teams present their business and demonstrate their prototype to a panel of judges. Experience the highs, lows, fun, and pressure that make up life at a startup. As you learn how to create a real company, you'll meet and network with the very best mentors, investors, co-founders, and sponsors who are ready to help you get started. . See http://www.socaltech.com/calendar/eventid/26488 ------------------------------ *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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