*socaltech.com <http://socaltech.com> TechNews - Tuesday, December 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. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG ------------------------------ *Headlines * - ServiceTitan Acquires WaterSoftWare <#0079224> - Airgain Selected By Didi Chuxing For Autonomous Vehicle Project <#0079226> - Mitchell | Genex Buys CompAlliance <#0079225> - Mucker Capital Adds New General Partner <#0079222> - DirectMed Parts & Service Buys Medical Systems Technologies <#0079223> - Branson, Musk, Others Back Paris Agreement <#0079220> - Report: Tinder, Other Apps Not Screening For Sex Offenders <#0079219> *Marketplace* - Facilitated Off-Site Planning for Growth Companies and Venture Firms <#ad753> - Pacific Western Bank, Venture Banking Group – Brian Weber <#ad749> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#ad596> *Tuesday, December 3, 2019* *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 *ServiceTitan Acquires WaterSoftWare* <http://www.socaltech.com/fullstory/0079224.html> Los Angeles-based ServiceTitan, which offers up a suite of software for home service and commercial contractors, has acquired WaterSoftWare, a developer of business management software for the water treatment industry. Financial terms of the acquisition were not announced. According to ServiceTitan, the move will help it with expansion into a new market, the water treatment industry. (More... <http://www.socaltech.com/fullstory/0079224.html>) *Airgain Selected By Didi Chuxing For Autonomous Vehicle Project* <http://www.socaltech.com/fullstory/0079226.html> San Diego-based antenna technology developer Airgain reported this morning that it has been selected by Chinese on-demand taxi and ridesharing provider Didi Chuxing, to provide its products in a cellular connectivity pilot for its autonomous vehicle pilot in Shanghai. (More... <http://www.socaltech.com/fullstory/0079226.html>) *Mitchell | Genex Buys CompAlliance* <http://www.socaltech.com/fullstory/0079225.html> San Diego-based Mitchell | Genex, a provider of technology, medical cost containment, and disability management services, has acquired CompAlliance, a provider of managed care services, the company said this morning. Financial details of the acquisition were not announced. Mitchell | Genex said the move will help it expand and enhance its managed care services. Mitchell is led by President and CEO Alex Sun; Genex Services is led by President and CEO Peter Madeja. (More... <http://www.socaltech.com/fullstory/0079225.html>) *Mucker Capital Adds New General Partner* <http://www.socaltech.com/fullstory/0079222.html> Santa Monica-based venture capital investor Mucker Capital has added a third general partner to the firm, Omar Hamoui, the company disclosed on Monday. Hamoui was previously a partner at Sequoia Capital. Hamoui joins existing General Partners Erik Rannala and William Hsu in managing the venture capital investment firm. Mucker Capital has a large portfolio of companies, and most recently saw a huge exit in Honey, which was recently acquired by PayPal for $4 billion. (More... <http://www.socaltech.com/fullstory/0079222.html>) *DirectMed Parts & Service Buys Medical Systems Technologies* <http://www.socaltech.com/fullstory/0079223.html> San Diego-based DirectMed Parts & Service, a provider of medical imaging parts and services, said on Monday that it has acquired Medical Systems Technologies, LLC, a provider of magnetic resonance imaging (MRI) and computed tomography (CT) component level repair and testing. Financial terms of the acquisition were not announced. Medical Systems Technologies (MST) is based in Longmont, Colorado. DirectMed Parts & Service is owned by private equity investor Mercury Partners. (More... <http://www.socaltech.com/fullstory/0079223.html>) *Branson, Musk, Others Back Paris Agreement* <http://www.socaltech.com/fullstory/0079220.html> Sir Richard Branson, the founder of Virgin Group, which is behind such local Southern California companies as Virgin Galactic, Virgin Hyperloop One, and Virgin Orbit, as well as Elon Musk, the CEO and founder of SpaceX and The Boring Company, have joined a group of CEOs who issued a statement on Monday backing the Paris Agreement. (More... <http://www.socaltech.com/fullstory/0079220.html>) *Report: Tinder, Other Apps Not Screening For Sex Offenders* <http://www.socaltech.com/fullstory/0079219.html> A new report, published this morning, says that Los Angeles-based Tinder--as well as many other dating and hookup apps--has a big problem, in that they are not screening for registered sex offenders. According to the report, from Buzzfeed, a spokesperson for Tinder's parent company, match, acknowledged that "There are definitely registered sex offenders on our free products. (More... <http://www.socaltech.com/fullstory/0079219.html>) *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: j...@collective-genius.com Collective Genius - Off-Site Planning and Recruiting for Growth Companies and Venture Firms - collective-genius.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 bwe...@pacwest.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. i...@socalip.com www.socalip.com *Early Stage Commercial Insurance - Pacific Unified Insurance Agency < johnhuttin...@pacificunified.com>* 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 johnhuttin...@pacificunified.com ------------------------------ *Recent Funding <#funding>* 11/20/19 Mythical Games <http://www.socaltech.com/intelligence/?action=showdeal&id=98807> Sherman Oaks $19.00 M 11/13/19 Avidity Biosciences <http://www.socaltech.com/intelligence/?action=showdeal&id=98748> La Jolla $100.00 M 11/06/19 HMBradley <http://www.socaltech.com/intelligence/?action=showdeal&id=98692> Santa Monica $3.50 M 11/06/19 Valence <http://www.socaltech.com/intelligence/?action=showdeal&id=98693> Los Angeles $2.50 M 11/05/19 Clarify Medical <http://www.socaltech.com/intelligence/?action=showdeal&id=98631> San Diego $18.00 M 11/04/19 Boulevard <http://www.socaltech.com/intelligence/?action=showdeal&id=98629> Santa Monica $11.00 M 11/04/19 BuildOps <http://www.socaltech.com/intelligence/?action=showdeal&id=98630> Santa Monica $5.80 M 10/31/19 AutoVitals, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=98799> Santa Barbara $0.00 M 10/29/19 Scopely <http://www.socaltech.com/intelligence/?action=showdeal&id=98626> Culver City $200.00 M 10/23/19 LegalMation <http://www.socaltech.com/intelligence/?action=showdeal&id=98616> Los Angeles $0.00 M 10/17/19 Invoca <http://www.socaltech.com/intelligence/?action=showdeal&id=98518> Santa Barbara $56.00 M 10/16/19 Labrador Systems <http://www.socaltech.com/intelligence/?action=showdeal&id=98517> Oak Park $2.00 M 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 ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html December 10, Santa Monica -- *Preccelerator Workshop: Employment Contracts & Alternative Compensation for Startups with Louis Wharton* Preccelerator Workshop: Employment Contracts & Alternative Compensation for Startups with Louis Wharton. Equity & Alternative Compensation Structures for Startups For a company founder, it is easy to understand the benefits of providing stock or stock options to employees. It’s a way of compensating employees that doesn’t drain cash from the business. Employees will feel invested in the future success of the company. Join us to get insights and wisdom about maximizing opportunities and minimizing mistakes in creating equity compensation. See http://www.socaltech.com/calendar/eventid/26591 December 17, Santa Monica -- *Preccelerator Workshop: Term Sheets w/ Caroline Cherkassky & Kelly Laffey* Preccelerator Workshop: Term Sheets w/ Caroline Cherkassky & Kelly Laffey. Topics that will be covered include: Type of financing: convertible notes vs SAFEs vs priced equity rounds Convertible notes and SAFEs: caps, discounts, and other key terms Priced equity rounds: economic provisions, voting rights, and other key terms. See http://www.socaltech.com/calendar/eventid/26592 ------------------------------ *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 b...@socaltech.com 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. 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