*socaltech.com <http://socaltech.com> TechNews - Tuesday, April 14, 2020* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News ------------------------------
*Sponsored By * Pacific Western Bank, Venture Banking Group (http://www.pacwest.com/lending-solutions/venture-lending) 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 * - Interview with Greg Martin, LiquidStock <#0079742> - Q-CTRL Connects With Investment From In-Q-Tel <#0079744> - Source Photonics Finds $40M Funding <#0079743> - Newegg Launches New Business, Newegg Staffing <#0079745> - Landmark Dividend Buys Data Center Complex In Phoenix <#0079746> - Virgin Orbit Completes Flight Tests <#0079741> *Marketplace* - Pacific Western Bank, Venture Banking Group <#ad749> - BDO - Southern California Technology Industry Team <#ad737> - Facilitated Off-Site Planning for Growth Companies and Venture Firms <#ad753> - Resources For UK Companies and Investors Impacted By Coronavirus <#ad762> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> *Tuesday, April 14, 2020* *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/ *Interview with Greg Martin, LiquidStock* <http://www.socaltech.com/fullstory/0079742.html> Our interview today is with Greg Martin, co-founder of LiquidStock ( www.liquidstock.com), an investment fund which offers up a way for employees of private companies to exercise their stock options before an IPO or acquisition. Greg—a longtime veteran of venture investing—also shared his thoughts on the current pandemic, how investors are viewing the current market, and what startups can do now to survive through these unusual times. (More... <http://www.socaltech.com/fullstory/0079742.html>) *Q-CTRL Connects With Investment From In-Q-Tel* <http://www.socaltech.com/fullstory/0079744.html> Los Angeles-based Q-CTRL, a company that is developing quantum computing and control technology, has received a strategic investment from In-Q-Tel (IQT), the investment arm of the U.S. intelligence community. Size of the funding was not announced. According to Q-CTRL, the new funding will go towards accelerating quantum technology for national security applications. Size of the funding was not announced. (Funding Details <https://www.socaltech.com/intelligence/index.php?action=showco&id=62096>)( More... <http://www.socaltech.com/fullstory/0079744.html>) *Source Photonics Finds $40M Funding* <http://www.socaltech.com/fullstory/0079743.html> West Hills-based optical transceiver developer Source Photonics announced late last night that it has raised $40M in a new equity funding round, to support its data center and 5G business. The company--whose components are used for optical networking--did not disclose the name of the investors in the new equity funding round. Source Photonics is led by CEO Weiming Li. The company said the new funds came from both new financial as well as strategic investors. (Funding Details <https://www.socaltech.com/intelligence/?action=showco&id=34626>)(More... <http://www.socaltech.com/fullstory/0079743.html>) *Newegg Launches New Business, Newegg Staffing* <http://www.socaltech.com/fullstory/0079745.html> Los Angeles-based e-commerce retailer Newegg announced this morning that it has launched a brand new business, Newegg Staffing, which will provide staffing for the logistics, manufacturing, clerical and supply chain management industries. According to Newegg, the launch of the new business comes as a result of the company's own efforts in the 3PL (logistics) market. (More... <http://www.socaltech.com/fullstory/0079745.html>) *Landmark Dividend Buys Data Center Complex In Phoenix* <http://www.socaltech.com/fullstory/0079746.html> El Segundo-based real estate acquirer Landmark Dividend, which owns a number of data centers, said this morning that it has acquired a data center campus located in Phoenix, Arizona. According to the company, the acquisition is the 16th data center it has acquired in the last 18 months. ( More... <http://www.socaltech.com/fullstory/0079746.html>) *Virgin Orbit Completes Flight Tests* <http://www.socaltech.com/fullstory/0079741.html> Mojave-based Virgin Orbit, the other, Richard Branson-based spaceflight technology developer, successfully completed a number of tests on Sunday, on its way to its first demonstration launch. The company--which is developing orbital rockets designed to launch from a modified 747--said the tests were a complete, end-to-end launch rehearsal. (More... <http://www.socaltech.com/fullstory/0079741.html>) *Pacific Western Bank, Venture Banking Group <http://www.pacwest.com/lending-solutions/venture-lending>* Pacific Western Bank is a commercial bank with over $26 billion in assets and 76 branches primarily located in California, with one in Denver, Colorado and another 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 about the Venture Banking Group, visit www.pacwest.com/lending-solutions/venture-lending, or send an email to Brian Weber at [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 *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 *Resources For UK Companies and Investors Impacted By Coronavirus <https://www.businesssupport.gov.uk/coronavirus-business-support/>* If you are a UK company, or an investor in the UK, and the Coronavirus is affecting your business: https://www.businesssupport.gov.uk/coronavirus-business-support/ If you have a UK registered business this is the primary source of information regarding the British Governments response and how to access that support. This includes employee furlough support, the large business loan scheme, corporate financing facility, HMRC’s ‘Time to Pay’ tax service, and VAT deferral. >From UK Government's Department for International Trade (DIT) *From Idea to IPO - KPMG’s Emerging Growth Practice < [email protected]>* KPMG provides Bookkeeping, Audit, Tax, and Advisory services to assist you at any stage of your life cycle. Whether you are starting your business, strengthening your business, expanding into new markets, or pursuing an exit, we have a global network of experienced resources that can take you to the next level. For more information, please contact Ryan Youhan at [email protected]. ------------------------------ *Recent Funding <#funding>* 4/14/20 Source Photonics <http://www.socaltech.com/intelligence/?action=showdeal&id=99983> West Hills $40.00 M 4/07/20 eResonate <http://www.socaltech.com/intelligence/?action=showdeal&id=99965> Playa Vista $1.00 M 4/02/20 SteadyMD, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=99938> Westlake Village $6.00 M 3/31/20 AristaMD, Inc. <http://www.socaltech.com/intelligence/?action=showdeal&id=99937> La Jolla $18.00 M 3/20/20 Robin Games <http://www.socaltech.com/intelligence/?action=showdeal&id=99861> Venice $7.00 M 3/03/20 TaleSpin LLC <http://www.socaltech.com/intelligence/?action=showdeal&id=99860> Culver City $15.00 M 2/27/20 Dray Alliance <http://www.socaltech.com/intelligence/?action=showdeal&id=99854> Lakewood $10.20 M 2/26/20 Flock Freight <http://www.socaltech.com/intelligence/?action=showdeal&id=99853> Solana beach $50.00 M 2/21/20 Brace <http://www.socaltech.com/intelligence/?action=showdeal&id=99803> Santa Monica $10.00 M 2/20/20 SmartBug Media <http://www.socaltech.com/intelligence/?action=showdeal&id=99733> Irvine $0.00 M 2/20/20 Liquid Death <http://www.socaltech.com/intelligence/?action=showdeal&id=99802> Santa Monica $9.00 M 2/20/20 Cloudbreak Health, LLC <http://www.socaltech.com/intelligence/?action=showdeal&id=99732> El Segundo $10.00 M 2/19/20 Digital Motors <http://www.socaltech.com/intelligence/?action=showdeal&id=99731> Irvine $0.00 M 2/18/20 Open Raven <http://www.socaltech.com/intelligence/?action=showdeal&id=99721> Marina Del Rey $4.10 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html ------------------------------ *Recent Job Postings * More jobs at http://www.socaltech.com/Jobs ------------------------------ ------------------------------ *Sponsored By * 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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