*socaltech.com <http://socaltech.com> TechNews - Monday, August 3, 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 * - Interview wth Deevee Kashi, HelpWih Black Equity and Deed <#0080174> - SpaceX Crew Dragon Successfully Splashes Down In Gulf <#0080175> - Transphorm Hits Public Markets Via OTC <#0080178> - MaxLinear Completes Buy Of Intel's Home Gateway Platform Division <#0080176> - Kayne Anderson Launches Renewable Infrastructure Fund <#0080177> - Indi, Founded By Buy.com's Neel Grover, Gets $9M <#0080173> - Rakuten To Shut Down Former Buy.com Operations <#0080172> - IntelliMedia Networks Acquires GlobalMLX <#0080171> *Marketplace* - Accelerating Growth For Early Stage Innovation. <#ad764> - Technology Management and Operational Outsourcing – PulseOne <#ad765> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> *Monday, August 3, 2020* * 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] *Interview wth Deevee Kashi, HelpWih Black Equity and Deed * <https://www.socaltech.com/fullstory/0080174.html> A few weeks ago, Help With Black Equity (www.helpwithblackequity.com) launched an effort to help connect volunteers with efforts to help with addressing racial disparities, including here in Southern California. To learn more about the effort, we spoke with Deevee Kashi, CEO of Deed(www.joindeed. ( More... <https://www.socaltech.com/fullstory/0080174.html>) *SpaceX Crew Dragon Successfully Splashes Down In Gulf* <https://www.socaltech.com/fullstory/0080175.html> Hawthorne, California-based SpaceX successfully splashed down off the coast of Pensacola, Florida on Sunday, returning two astronauts--Bob Behnken and Doug Hurley--to earth, the first successful launch and return of astronauts to and from the United States since the retirement of the Space Shuttle. The Crew Dragon capsule splashed down at 2:48p.m. ETD, bringing a successful end to the Demo-2 mission to the International Space Station. ( More... <https://www.socaltech.com/fullstory/0080175.html>) *Transphorm Hits Public Markets Via OTC* <https://www.socaltech.com/fullstory/0080178.html> Goleta-based gallium nitride (GaN) power semiconductor developer Transphorm announced this morning that it has launched into the public markets, via the Over-The-Counter (OTC) market. Transphorm said it received from FINRA for its common stock to be listed and quoted on the Over-the-Counter (OTC) market, and will trade on the OTCQB under the symbolt TGAN, as of market open today. The move is somewhat unusual for a technology startup here, where the OTC market is mostly eyed with suspicion. ( More... <https://www.socaltech.com/fullstory/0080178.html>) *MaxLinear Completes Buy Of Intel's Home Gateway Platform Division* <https://www.socaltech.com/fullstory/0080176.html> Carlsbad-based MaxLinear said this morning that it has completed its acquisition of Intel's Home Gateway Platform Division. According to MaxLinear, it has raised its revenue expections from the acquisition to $80M to $90M in the first full quarter post close, up from an earlier guidance of $60M to $70M. The two had announced the acquisition on April 6th. The all cash deal was worth $150M. ( More... <https://www.socaltech.com/fullstory/0080176.html>) *Kayne Anderson Launches Renewable Infrastructure Fund* <https://www.socaltech.com/fullstory/0080177.html> Los Angeles-based private equity investor Kayne Anderson Capital Advisors, LP says it has launched a new, renewable energy fund, the Kayne Anderson Renewable infrastructure Fund (KARIX). ( More... <https://www.socaltech.com/fullstory/0080177.html>) *Indi, Founded By Buy.com's Neel Grover, Gets $9M* <https://www.socaltech.com/fullstory/0080173.html> Newport Beach-based Indi, which was founded by former Buy.com CEO Neel Grover, has raised $9M in a Series A funding, the company announced this week. Source of the funding was not announced. The startup has developed an app which it says help individuals generate online income and monetize content. The startup was founded by Neel Grover, former CEO of Bluefly, CEO of Rakuten North America, and CEO of Buy. ( More... <https://www.socaltech.com/fullstory/0080173.html>) *Rakuten To Shut Down Former Buy.com Operations * <https://www.socaltech.com/fullstory/0080172.html> Rakuten is planning to shut its U.S. retail efforts--formerly known as Buy. ( More... <https://www.socaltech.com/fullstory/0080172.html>) *IntelliMedia Networks Acquires GlobalMLX* <https://www.socaltech.com/fullstory/0080171.html> Los Angeles-based streaming media distribution and immersive training technology provider IntelliMedia Networks has acquired Canadian company GlobalMLX, the companies said this week. Financial terms of the acquisition were not announced. GlobalMLX is a provider of supply-chain security training and certification consulting, providing anti-terrorism supply-chain training and certification for cargo transport to the United States. ( More... <https://www.socaltech.com/fullstory/0080171.html>) * Accelerating Growth For Early Stage Innovation. <http://www.preccelerator.com> * The Preccelerator® Program is an accelerator for early-stage startups offered to select companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides initial capital, sophisticated legal services, interim office space, mentorship, a targeted curriculum, investment strategy counseling and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. www.preccelerator.com * Technology Management and Operational Outsourcing – PulseOne <https://pulseone.com/sct/> * PulseOne is a business services company specialized in delivering IT-enabled solutions to emerging and high growth companies. Bringing together the world's best technologies, renowned engineering design, and proven implementation, PulseOne is uniquely positioned for Central and South Coast based businesses to plan, build and manage your technology infrastructure - from strategy to ongoing support. Our scalable model allows companies to utilize the services they need as they grow, making high value outsourced IT management cost effective for your growing business. Staffed with technology specialists and lead by business veterans, PulseOne is designed to support your business needs. For more information on what we can do for you, contact us via https://pulseone.com/sct/ or email us at [email protected]. * 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 * 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 ------------------------------ * Recent Funding <#funding> * 7/30/20 MomentFeed <https://www.socaltech.com/intelligence/?action=showdeal&id=100700> Santa Monica $10.00 M 7/29/20 Heal <https://www.socaltech.com/intelligence/?action=showdeal&id=100699> Pacific Palisades $100.00 M 7/22/20 TrackStreet, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100695> Santa Barbara $5.10 M 7/20/20 Gemist <https://www.socaltech.com/intelligence/?action=showdeal&id=100579> Los Angeles $0.00 M 7/20/20 Carbonated Games <https://www.socaltech.com/intelligence/?action=showdeal&id=100581> El Segundo $8.50 M 7/20/20 Ready, Set, Food! <https://www.socaltech.com/intelligence/?action=showdeal&id=100582> Encino $3.00 M 7/09/20 Kernel <https://www.socaltech.com/intelligence/?action=showdeal&id=100542> Los Angeles $53.00 M 7/08/20 VelosBio Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100084> San Diego $137.00 M 6/25/20 Treehouse Games <https://www.socaltech.com/intelligence/?action=showdeal&id=100533> Los Angeles $2.60 M 6/25/20 Clickup <https://www.socaltech.com/intelligence/?action=showdeal&id=100534> San Diego $35.00 M 6/24/20 Pipe <https://www.socaltech.com/intelligence/?action=showdeal&id=100532> Los Angeles $60.00 M 6/23/20 Scalefast <https://www.socaltech.com/intelligence/?action=showdeal&id=100510> Manhattan Beach $21.58 M 6/17/20 DroneBase, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100472> Los Angeles $7.50 M 6/16/20 UNEST <https://www.socaltech.com/intelligence/?action=showdeal&id=100471> Hollywood $9.00 M ------------------------------ * Upcoming Events * Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html August 3, Orange County -- *Fixing the Top Fundraising Mistakes Startup Entrepreneurs Make * Fixing the Top Fundraising Mistakes Startup Entrepreneurs Make. Join JJ Richa in a fireside chat with Scott Fox, CEO of the OC Startup Council, for a discussion of the top mistakes that early stage entrepreneurs make when pitching their startups for funding. Together they will review the challenges that face startup founders, including how to avoid the most common problems in pitch deck slide presentations, developing new products/services, finding first customers, building a startup team, sharing equity with employees and advisors, setting valuations for venture capital and angel investors, and strategizing for scalable growth. See http://www.socaltech.com/calendar/eventid/26663 August 5, Los Angeles -- *National Venture Plan Competition Applications are Open - Early Bird Registration * National Venture Plan Competition Applications are Open - Early Bird Registration. This is not your typical business plan competition. You’ll have the chance to win cash and in-kind prizes of course… but how many competitions have you been to that give you the opportunity to present to 32+ Angel Groups, VCs and Family Offices and have several chances at raising capital? The National Venture Plan Competition does. Apply to 1 of 10 categories and submit your 3-page plan, 15-page deck, and 60-second video pitch then go through 3 rounds of judging by 110+ prominent and experienced investors from across the US. If that’s not enough, you can even join if you’re not competing - both applicants and spectators will have access to a myriad of webinars and live judging events. Early bird registration opens today, grab your ticket now. See http://www.socaltech.com/calendar/eventid/26665 August 10, Orange County -- *Valuation Trends and Insights with John Harbison, Chairman Emeritus of TCA * JoiValuation Trends and Insights with John Harbison, Chairman Emeritus of TCA. JJ Richa of Pismo Ventures in a fireside chat with John Harbison to discuss valuations and their trends. Valuation is a mysterious black box that ultimately determines whether there is sufficient demand among investors to get a company adequately funded. At this point in the investment cycle (entering a deep recession), valuation expectations are all over the map and the stakes are high -- missteps can be fatal. How does an entrepreneur successfully navigate these waters to access the capital needed and position the company for future success in later rounds. See http://www.socaltech.com/calendar/eventid/26666 August 27, Los Angeles -- *11th Annual Women In Green Forum* 11th Annual Women In Green Forum. The Women In Green Forum has emerged as the premier conference series highlighting women’s impact on the environmental industry. The Women In Green Forum (WIGF) is the largest conference of its kind and attracts an international audience of environmental professionals. Each year, we convene sustainability trailblazers who share insights about the newest and most cutting-edge environmental innovations. . See http://www.socaltech.com/calendar/eventid/26649 ------------------------------ * 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. 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