*socaltech.com <http://socaltech.com> TechNews - Thursday, December 5, 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 * - Snap Pitches Spectacles As Filmmaking Tool <#0079236> - Weyo Rolls Out New App, Oddlife <#0079238> - Yardi Extends Online Purchasing Software To Canada <#0079237> - VICE Digs Into Ring <#0079235> - AWS Opens New Los Angeles Zone <#0079234> - Accel Robotics Finds $30M For Automated Convenience Stores <#0079233> - Podcorn Launches Podcast Advertising Platform <#0079229> - Postscript Picks Up $4.5M <#0079230> *Marketplace* - Facilitated Off-Site Planning for Growth Companies and Venture Firms <#ad753> - BDO - Southern California Technology Industry Team <#ad737> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Stubbs Alderton & Markiles Preccelerator <#ad694> *Thursday, December 5, 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] *Snap Pitches Spectacles As Filmmaking Tool* <http://www.socaltech.com/fullstory/0079236.html> Santa Monica-based Snap, the parent company of Snapchat, is still on a quest to make its fancy (and expensive) 3D image capturing Spectacles sunglasses a hit, and is now pitching the $380 Spectacles 3 as a film-making tool. According to Snap, it has funded and is now promoting a short film, "Duck Duck", which was made "to explore storytelling in 3D". Snap--which is streaming the short film on its Spectacles website, was created with its Spectacles 3 and its dual-HD cameras. (More... <http://www.socaltech.com/fullstory/0079236.html>) *Weyo Rolls Out New App, Oddlife* <http://www.socaltech.com/fullstory/0079238.html> Los Angeles-based Weyo, which develops interactive titles for the children's market, says it has rolled out a new original app, based on the preschool show The Oddbods Show. According to Weyo, its new app, the Oddbods 'Oddlife', is aimed at stimulating play and learning for preschoolers. The new title follows the earlier release of Weyo's first app, Sesame Street Yourself, last month. Weyo said the new title uses Apple's ARKit3 augmented reality (AR) technology. (More... <http://www.socaltech.com/fullstory/0079238.html>) *Yardi Extends Online Purchasing Software To Canada* <http://www.socaltech.com/fullstory/0079237.html> Santa Barbara-based property management software developer *Yardi <http://www.yardi.com>* announced this week that it has extended Yardi Marketplace, its online purchasing software for maintenance, repair, and operating (MRO) supplies, to Canada. According to Yardi, the software---which is part of the Yardi Procure to Pay Suite--simplifies purchasing from online catalogs, as well as major retailers like Acklands-Grainger, HD Supply, Veritiv, and others.(More... <http://www.socaltech.com/fullstory/0079237.html>) *VICE Digs Into Ring* <http://www.socaltech.com/fullstory/0079235.html> In a three part series, VICE has decided to dig into the background and history of Santa Monica-based Ring, and how the company--and founder, Jamie Siminoff--turned the device into one of the most successful electronics products out there today, in addition to digging into the controversy behind the company's cozy relationship with law enforcement. (More... <http://www.socaltech.com/fullstory/0079235.html>) *AWS Opens New Los Angeles Zone* <http://www.socaltech.com/fullstory/0079234.html> Amazon Web Services (AWS), the cloud computing service of Amazon, has launched anew Los Angeles zone, which will give local customers and companies much faster access to the AWS cloud. According to AWS, the new zone will provide very low latency (single-digit millisecond) access to application access from Los Angeles and other locations in Southern California. (More... <http://www.socaltech.com/fullstory/0079234.html>) *Accel Robotics Finds $30M For Automated Convenience Stores* <http://www.socaltech.com/fullstory/0079233.html> San Diego-based Accel Robotics, which is developing technology to enable automated, robotic convenience stores where users can simple enter, grab items, and have the payment for those items automatically charged--without a need for a cashier--has raised $30M in a Series A funding round. The funding was led by SoftBank Group Corp. (More... <http://www.socaltech.com/fullstory/0079233.html>) *Podcorn Launches Podcast Advertising Platform* <http://www.socaltech.com/fullstory/0079229.html> Los Angeles-based Podcorn, a venture-backed startup offering up native podcast advertising and matching, has launched its platform, saying that its platform will help advertisers discover and run native ads on podcasts. The startup--led by David Kiezkowski and Agnes Kozera, the former founders of Famebit--said it is looking to help the 85 percent of podcasters who are not monetizing their podcasts, through connecting those podcasters to brand partners. (More... <http://www.socaltech.com/fullstory/0079229.html>) *Postscript Picks Up $4.5M* <http://www.socaltech.com/fullstory/0079230.html> Los Angeles-based Postscript, a provider of enterprise SMS marketing software for the Shopify platform, has raised $4.5M in a funding round, the company announced this morning. The funding came from Y Combinator, Accomplice, 1984vc, and Ali Capital plus angels Paul English (founder of Kayak), Kevin Hale (founder of Wufoo), Mathilde Collin (founder of Front), Andrew Bialecki (founder of Klaviyo), Elias Torres (founder of Drift), and Eric Rea and Dennis Steele (founders of Podium). (More... <http://www.socaltech.com/fullstory/0079230.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: [email protected] Collective Genius - Off-Site Planning and Recruiting for Growth Companies and Venture Firms - collective-genius.com *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 *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 *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/ ------------------------------ *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 12, Hollywood -- *LAVA Holiday Party and Global LAVA Relaunch* *NEW* . See http://www.socaltech.com/calendar/eventid/26599 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 [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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