*socaltech.com <http://socaltech.com> TechNews - Thursday, October 10, 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. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG ------------------------------ *Headlines * - Blizzard Under Pressure After Competitor Banned For Hong Kong Support <#0078983> - Mercato Rolls Out Unlimited, Same Day Grocery Delivery <#0078981> - TP-Link Rolls Out Low Cost Routers At Walmart <#0078982> - Virgin Orbit Plans Mars Satellite Launch <#0078979> - Disney Aims At Netflix With Discounted Plans <#0078978> - EV Startup Canoo Plunged Into Legal Morass <#0078977> *Marketplace* - UK Government's Department for International Trade (DIT) <#ad756> - Stradling <#ad608> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#ad596> - Preccelerator Class 12 Demo Day <#ad757> *Thursday, October 10, 2019* *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] *Blizzard Under Pressure After Competitor Banned For Hong Kong Support* <http://www.socaltech.com/fullstory/0078983.html> Los Angeles-based Blizzard Entertainment is facing major pressure from fans, after it banned one of the competitors in its Hearthstone e-sports league for expressing his support for protestors in Hong Kong. According to Engadget, Blizzard is "considering its options" as its fans have reacted negatively to its banning of Ng Wai Chung, known as Blitzchung, for his support for Hong Kong protestors on a post-game interview. (More... <http://www.socaltech.com/fullstory/0078983.html>) *Mercato Rolls Out Unlimited, Same Day Grocery Delivery* <http://www.socaltech.com/fullstory/0078981.html> San Diego-based Mercato, which provides delivery of items from independently owned grocery and specialty food stores, has launched a new program that offers up unlimited free, same-day grocery delivery from local grocery stores. According to Mercato, its new Mercato Green program provides unlimited free, same-day delivery via a membership program. Pricing on the new grocery delivery service was not announced, and the company's website does not make it clear what the program costs. (More... <http://www.socaltech.com/fullstory/0078981.html>) *TP-Link Rolls Out Low Cost Routers At Walmart* <http://www.socaltech.com/fullstory/0078982.html> Brea, California-based TP-Link, which develops networking products for both the consumer and business market, has rolled out two new, low cost routers at Walmart. According to TP-Link, its new Wi-Fi routers, the Archer AX3000 and Archer AX1500 support 802.11ax, the Wi-Fi 6 standard. The AX1500 costs only $69.99, and the AX3000 costs $129.99. The more expensive AX3000 offers up higher dual-band speeds, up to 3Gbps, plus more capacity for devices than the lower cost AX1500, with 1.5 Gbps speeds. (More... <http://www.socaltech.com/fullstory/0078982.html>) *Virgin Orbit Plans Mars Satellite Launch* <http://www.socaltech.com/fullstory/0078979.html> Virgin Orbit, one of the space launch startups backed by The Virgin Group, is planning an effort to launch small satellites to Mars, the company said on Wednesday. Virgin Orbit, which is based in Mojave, says it has teamed up with a Poland-based satellite company called SatEvolution, to create a new consortium dedicated to launching a commercial small satellite mission to Mars. Financial details of the consortium effort were not announced. ( More... <http://www.socaltech.com/fullstory/0078979.html>) *Disney Aims At Netflix With Discounted Plans* <http://www.socaltech.com/fullstory/0078978.html> Burbank-based Disney is taking aim at streaming giant Netflix, with an aggressive effort to sign up people for its upcoming Disney+ service. According to the Orlando Sentinel, Disney has been offering up its Founders Circle members a steep discounted, subscription deal, where Disney+ will pay less than $5 per month for the streaming television and movie service. The report says Disney is offering up a three year plan for access to its new service for $169. (More... <http://www.socaltech.com/fullstory/0078978.html>) *EV Startup Canoo Plunged Into Legal Morass* <http://www.socaltech.com/fullstory/0078977.html> In an unauspicious start, Los Angeles-based electric vehicle startup Canoo--which just barely announced its plans for a self driving, electric vehicle--has already been dragged into a legal morass, after the CEO's wife and former head of communications sued the company alleging discrimination, harassment, breach of contract, and wrongful termination. (More... <http://www.socaltech.com/fullstory/0078977.html>) *UK Government's Department for International Trade (DIT) <https://www.events.great.gov.uk/ehome/200195057>* The UK is one of the world's fastest-growing tech hubs with more than 60,000 tech companies, 30 industry clusters, and over $14 billion in investment over the last five years. The UK Government's Department for International Trade (DIT) team provides local 1:1 support to companies expanding internationally, helping de-risk market entry with free support services. DIT can provide tailored set-up information, including market research, legal and accounting introductions, recruitment support, policy insight, and partnership-building opportunities. As the #1 destination in Europe for inward investment and tech talent, and home to more fast-growth companies than any other European country, the UK has a lot to offer to US companies. We work with all companies, from start-ups/scale-ups through to the Fortune 500. To find out more about "Why UK," and to work with DIT's LA team, contact us at: https://www.events.great.gov.uk/ehome/200195057 *Stradling <http://www.sycr.com>* Stradling, Attorneys At Law ( 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] *Preccelerator Class 12 Demo Day <https://www.eventbrite.com/e/preccelerator-class-12-demo-day-tickets-71570269603>* Preccelerator Class 12 Demo Day. Clear your calendar - It's going down! The Preccelerator ® Program Class 12 Demo Day kicks off on October 23rd @ 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 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! Register today! https://www.eventbrite.com/e/preccelerator-class-12-demo-day-tickets-71570269603 ------------------------------ *Recent Funding <#funding>* 10/03/19 X1 Discovery <http://www.socaltech.com/intelligence/?action=showdeal&id=98441> Pasadena $5.10 M 10/01/19 Molecular Assemblies <http://www.socaltech.com/intelligence/?action=showdeal&id=98369> San Diego $12.20 M 9/18/19 WhiteFox Drone Defense <http://www.socaltech.com/intelligence/?action=showdeal&id=98326> San Luis Obispo $12.00 M 9/17/19 Biproxi <http://www.socaltech.com/intelligence/?action=showdeal&id=98320> San Diego $10.00 M 8/26/19 Podcorn <http://www.socaltech.com/intelligence/?action=showdeal&id=98098> Los Angeles $2.20 M 8/14/19 Systum <http://www.socaltech.com/intelligence/?action=showdeal&id=98062> Plano $10.70 M 8/13/19 Singularity 6 <http://www.socaltech.com/intelligence/?action=showdeal&id=98060> Los Angeles $16.50 M 8/08/19 Tripalink, Corp. <http://www.socaltech.com/intelligence/?action=showdeal&id=97935> Los Angeles $10.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html October 14, Los Angeles -- *Two Bit Circus Foundation Anti-Gala* Two Bit Circus Foundation Anti-Gala. The Two Bit Circus Foundation Anti-Gala—a gala reimagined—will be held on October 14, 2019 at their Micro-Amusement Park in downtown Los Angeles. The event reimagines all the typical aspects expected from a regular Gala, including multiplayer games, immersive experiences, circus performances, VR, AR, fire, lasers, robots, and much more. This is not your grandmother’s gala. Two Bit Circus Foundation is the combination of LA Makerspace, Imagination.org, Trash for Teaching, and STEAM Carnival, who all share the goal of finding, fostering, and funding creativity and entrepreneurship in children around the world. The four non-profit powerhouses joined forces in order to raise a new generation of innovators and problem solvers with the tools they need to build the world they imagine. Together, the combined organization is able to increase efficiency and broaden their program offerings, allowing them to deliver more globally, including expanding Imagination Chapters around the world and supporting creativity challenges like International Checkerboard Day, to be held on November 21, 2019. On this day, proceeds from the sale of Vans Checkerboard products around the world, up to $1 million, will be donated in support of Imagination.org, powered by Two Bit, in order to further foster and fund creativity and entrepreneurship in children around the world. https://www.eventbrite.com/e/two-bit-circus-foundation-anti-gala-tickets-66367439799#XYZ . See http://www.socaltech.com/calendar/eventid/26548 October 16, Los Angeles -- *LAVA Meet the VC* LAVA Meet the VC: Start-Ups Only Registration. The 11th annual conference will showcase 80 of the hottest early stage and emerging growth technology, life sciences and clean-tech innovators along with presentations from 40 Venture and Angel Investors. Wednesday, October 16, 2019 Annenberg Community Beachhouse. If you are a Startup seeking capital and/or partnerships, apply to attend at The 11th Annual LAVA Meet the VC, the premier venue connecting emerging growth companies with active Venture Capitalists, Angel Investors, Corporate VCs and Investment Firms. Presented by the Los Angeles Venture Association, The 2019 LAVA Meet the VC provides an unparalleled opportunity for startups to meet, network and showcase their innovative investment opportunities to a leading group of investors. However, this is a pitch made by the investors , not the Startups! A select group of 80 Top Innovators from the technology, life sciences and Clean-tech sectors will be chosen to “speed date” with an exclusive audience of Venture Capitalists, Private Investors, Investment Bankers, Corporate Investors, and Strategic Partners. The deadline for presenting company applications is October 6, 2019. See http://www.socaltech.com/calendar/eventid/26512 October 21, Los Angeles -- *5G – Where Are We?* 5G – Where Are We? Cisco Mobile World Congress Newsmaker Event. “5G – Where Are We?”, which will bring together industry leaders from Cisco and other major companies to talk frankly about the challenges and customer experiences in this technology, which promises to propel mobile communications in vastly transformative ways. See http://www.socaltech.com/calendar/eventid/26550 October 23, Anaheim -- *Nth Generation 19th Annual Symposium* Nth Generation 19th Annual Symposium. This year’s 19th annual technology event on October 23-24, 2019 in Anaheim, CA features 40+ showcase technologies & solutions, 600+ attendees, over 30 technology sponsors with breakout sessions, showcase booths and demos, 22+ subject matter expert keynotes & panelists, client excellence awards, executive luncheon & forum. Showcase technologies include: artificial intelligence, cloud, hyperconverged infrastructure, software defined data center, business continuity and disaster recovery, security, networking, nda sessions and more. See http://www.socaltech.com/calendar/eventid/26504 October 23, Santa Monica -- *Preccelerator Class 12 Demo Day* Preccelerator Class 12 Demo Day. The Preccelerator Program Class 12 Demo Day kicks off on October 23rd @ 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 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. See http://www.socaltech.com/calendar/eventid/26549 October 24, Los Angeles -- *Growth Capital Conference* Growth Capital Conference. Pitch to and Network with invvestors: Angels, VCs High Net Worths,Strategic Partners and 100 entrepreneurs needing capital. DEAL DISPLAYtm showcases growing firms needing capital & counsel.View products, videos, online demos.Hot Networking Breakfast at 7:00 AM sharp. See http://www.socaltech.com/calendar/eventid/26538 October 30, Irvine -- *25th Annual Economic Forecast Conference - Orange County Business Council* OCBC 25th Annual Economic Forecast Conference. The 25th Annual Economic Forecast Conference at Hotel Irvine is hosted by Orange County Business Council and California State University, Fullerton. This annual conference offers critical economic indicator insight to the leading business, government and academic leaders in Orange County. See http://www.socaltech.com/calendar/eventid/26456 ------------------------------ *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. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG 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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