*socaltech.com <http://socaltech.com> TechNews - Tuesday, May 12, 2020* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News <https://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 * - Sir Richard Branson To Sell $500M In Virgin Galactic Shares <#0079846> - Cornerstone OnDemand Founder Miller Steps Away From CEO Post <#0079845> - J2 Global Sees Revenues Rise In Q1 <#0079844> - Triton Digital Connects With Amobee <#0079847> - Elon Musk Restarts Tesla Production, Rebels Against Virus Rules <#0079843> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Stubbs Alderton & Markiles Preccelerator <#ad694> - Stradling <#ad608> - Pacific Western Bank, Venture Banking Group <#ad749> *Tuesday, May 12, 2020* *The Mindset of an Investor Today <https://us02web.zoom.us/webinar/register/6515887198661/WN_wvniCritQEabyQHU4bjAgQ>* The Mindset of an Investor Today. Join Peter Cowen (Managing Director, Sutton Capital Partners) as we explore what SaaS investors are looking for in the current climate. Sutton Capital Partners and the Recurring Revenue Conference. 5/13/20 - Tim Draper, Founder, Draper Associates 5/20/20 - Mark Mullen, Co-Founder, Bonfire Ventures 5/27/20 - TBD 6/3/20 - Ben Narasin, Venture Partners, NEA Register today! https://us02web.zoom.us/webinar/register/6515887198661/WN_wvniCritQEabyQHU4bjAgQ *Sir Richard Branson To Sell $500M In Virgin Galactic Shares* <https://www.socaltech.com/fullstory/0079846.html> Sir Richard Branson is planning to sell $500M in shares of Mojave-based Virgin Galactic, in a bid to raise cash to finance his other airline and hotel businesses. The $500M represents about one-fifth of Branson's stake in Virgin Galactic. (More... <https://www.socaltech.com/fullstory/0079846.html>) *Cornerstone OnDemand Founder Miller Steps Away From CEO Post* <https://www.socaltech.com/fullstory/0079845.html> Santa Monica-based Cornerstone OnDemand says that its founder and CEO, Adam Miller, has stepped away from the company's CEO role, after more than 20 years. According to Cornerstone OnDemand, Miller will become co-chair of Cornerstone's Board of Directors. Replacing Miller in the CEO role will be Phil Saunders, the former CEO of Saba Software. According to a statement from Miller, he is now looking to "commit more fully to my passion for social entrepreneurship and public service. (More... <https://www.socaltech.com/fullstory/0079845.html>) *J2 Global Sees Revenues Rise In Q1* <https://www.socaltech.com/fullstory/0079844.html> Los Angeles-based J2 Global, which operates a large number of Internet related businesses, reported its first quarter results on Monday. According to J2 Global, its Q1 2020 quarterly revenues increased 10.8% for its first quarter, to $332.4M. The company--which is an avid acquirer of companies--said it deployed $19M for acquisitions in the quarter, and $36M in contingent payments from acquisitions from previous years. The company is now sitting on $625M in cash and investments. (More... <https://www.socaltech.com/fullstory/0079844.html>) *Triton Digital Connects With Amobee* <https://www.socaltech.com/fullstory/0079847.html> Los Angeles-based digital audio advertising provider Triton Digital said this morning that it has integrated its services with advertising technology firm Amobee. The company said it has integrated Amobee's demand-side platform with its programmatic audio marketplace. Triton Digital said the integration allows Amobee clients can now execute global, targeted, brand-safe audio ad buys through both open marketplace and private marketplace deals. (More... <https://www.socaltech.com/fullstory/0079847.html>) *Elon Musk Restarts Tesla Production, Rebels Against Virus Rules* <https://www.socaltech.com/fullstory/0079843.html> Elon Musk has restarted production of the Fremont production line for Tesla Motors, saying in a tweet that he is restarting production "against Alameda County rules". Musk--who threatened to pull his businesses out of California yesterday--has been an outspoken critic of public health restrictions that are meant to slow the spread of COVID-19. Musk--challenging public officials--said thtat "if anyone is arrested, I ask that it only be me. (More... <https://www.socaltech.com/fullstory/0079843.html>) *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]. *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 ( 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. *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] ------------------------------ *Recent Funding <#funding>* 5/06/20 BURST Oral Care <https://www.socaltech.com/intelligence/?action=showdeal&id=100010> Walnut $0.00 M 5/05/20 Postal.io <https://www.socaltech.com/intelligence/?action=showdeal&id=100009> San Luis Obispo $9.00 M 5/05/20 Orca Security <https://www.socaltech.com/intelligence/?action=showdeal&id=100008> Los Angeles $20.00 M 4/20/20 Faze Clan <https://www.socaltech.com/intelligence/?action=showdeal&id=100003> Los Angeles $40.00 M 4/17/20 Movandi Corp <https://www.socaltech.com/intelligence/?action=showdeal&id=100002> Irvine $27.00 M 4/16/20 Coconut Collaborative <https://www.socaltech.com/intelligence/?action=showdeal&id=99984> Los Angeles $7.00 M 4/16/20 Greenbits <https://www.socaltech.com/intelligence/?action=showdeal&id=99985> San Jose $23.00 M 4/14/20 Source Photonics <https://www.socaltech.com/intelligence/?action=showdeal&id=99983> West Hills $40.00 M 4/07/20 eResonate <https://www.socaltech.com/intelligence/?action=showdeal&id=99965> Playa Vista $1.00 M 4/02/20 SteadyMD, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=99938> Westlake Village $6.00 M 3/31/20 AristaMD, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=99937> La Jolla $18.00 M 3/20/20 Robin Games <https://www.socaltech.com/intelligence/?action=showdeal&id=99861> Venice $7.00 M 3/03/20 TaleSpin LLC <https://www.socaltech.com/intelligence/?action=showdeal&id=99860> Culver City $15.00 M 2/27/20 Dray Alliance <https://www.socaltech.com/intelligence/?action=showdeal&id=99854> Lakewood $10.20 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html May 13, Los Angeles -- *The Mindset of an Investor Today: Tim Draper* The Mindset of an Investor Today. Join Peter Cowen (Managing Director, Sutton Capital Partners) as we explore what SaaS investors are looking for in the current climate. Sutton Capital Partners and the Recurring Revenue Conference. 5/13/20 - Tim Draper, Founder, Draper Associates. See http://www.socaltech.com/calendar/eventid/26615 May 20, Los Angeles -- *The Mindset of an Investor Today: Mark Mullen, Bonfire Ventures* The Mindset of an Investor Today. Join Peter Cowen (Managing Director, Sutton Capital Partners) as we explore what SaaS investors are looking for in the current climate. Sutton Capital Partners and the Recurring Revenue Conference. 5/20/20 - Mark Mullen, Co-Founder, Bonfire Ventures. See http://www.socaltech.com/calendar/eventid/26619 June 3, Los Angeles -- *The Mindset of an Investor Today: Ben Narasin, Venture Partners, NEA* The Mindset of an Investor Today. Join Peter Cowen (Managing Director, Sutton Capital Partners) as we explore what SaaS investors are looking for in the current climate. Sutton Capital Partners and the Recurring Revenue Conference. 6/3/20 - Ben Narasin, Venture Partners, NEA. See http://www.socaltech.com/calendar/eventid/26620 June 10, Santa Monica -- *DigiMarCon West 2020 - Digital Marketing Conference & Exhibition* DigiMarCon West 2020 - Digital Marketing Conference & Exhibition. DigiMarCon West 2020 is your chance to ... - Hear from some of the most audacious and thought provoking speakers in the digital marketing industry. - Gain insight into emerging strategies, the latest innovative technologies, and best practices to move your business to the next level. - Network with thought leaders, collaborate with your peers and build your network in a beautiful atmosphere.. See http://www.socaltech.com/calendar/eventid/26597 June 10, Santa Monica -- *TECHSPO Los Angeles 2020* TECHSPO Los Angeles Technology Expo - June 10-11, 2020 - Los Angeles, CA. See http://www.socaltech.com/calendar/eventid/26604 June 11, Santa Monica -- *TECHSPO Los Angeles 2020* TECHSPO Los Angeles Technology Expo - June 10-11, 2020 - Los Angeles, CA. See http://www.socaltech.com/calendar/eventid/26605 ------------------------------ *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. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361
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