*socaltech.com <http://socaltech.com> TechNews - Monday, August 10, 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 with Ruben Schultz, Swoop <#0080206> - American Idol Creator Simon Fuller Teams With TikTok <#0080205> - GoSite Gets $16M <#0080203> - J2 Global Names New Board Member <#0080204> - White House Order Bans TikTok, WeChat <#0080200> *Marketplace* - Tech Coast Map & Calendar – Put Your Company On The Map! <#ad717> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Technology Management and Operational Outsourcing – PulseOne <#ad765> *Monday, August 10, 2020* *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] *Interview with Ruben Schultz, Swoop* <https://www.socaltech.com/fullstory/0080206.html> Today's interview is with Ruben Schultz, the co-founder of Swoop ( www.swoopapp.com), a new startup which develops software for limousine, party bus, and other transportation providers. The company recently announced $3.2M in a seed funding round. from Signia Venture Partners, South Park Commons, and angels. What's Swoop all about? Ruben Schultz: We are solving problems for operators of all types of group transportation, anything from an SUV to a charter bus. (More... <https://www.socaltech.com/fullstory/0080206.html>) *American Idol Creator Simon Fuller Teams With TikTok* <https://www.socaltech.com/fullstory/0080205.html> Simon Fuller, the creator of "American Idol", announced on Friday that he is teaming with TikTok, the short-form musical video app, to create what the two call the "world's next music supergroup". The announcement--which was made just hours after the White House announced moves to ban TikTok in the United States--said that Fuller would use an in-app audition process to look for "extraordinary undiscovered artists" to create a new music group. Audition details had not yet been announced. (More... <https://www.socaltech.com/fullstory/0080205.html>) *GoSite Gets $16M* <https://www.socaltech.com/fullstory/0080203.html> San Diego-based GoSite, which develops an online platform to help small businesses put up online and mobile websites, has raised $16M in a funding round, the company announced this morning. The funding was led by Longley Capital, and also included Stage 2 Capital, Ankona Capital, Serra Ventures and SaaS Ventures, and angels. Longley Capital is also based in San Diego. GoSite said it will use the new capital to expand its national footprint and for hiring, as well as development of its products. (More... <https://www.socaltech.com/fullstory/0080203.html>) *J2 Global Names New Board Member* <https://www.socaltech.com/fullstory/0080204.html> Los Angeles-based J2 Global, the parent company of such brands as IGN, Mashable, Offers.com, BabyCenter, eFax, iContact, and other services, has named a new member of its board of directors. According to J2 Global, it has named Scott C. Taylor, former Executive Vice President, General Counsel and Secretary of NortonLifeLock, Inc., to its board. (More... <https://www.socaltech.com/fullstory/0080204.html>) *White House Order Bans TikTok, WeChat* <https://www.socaltech.com/fullstory/0080200.html> An order, issued by the Trump administration on Thursday evening, bans TikTok's parent company--ByteDance--from transactions with US companies beginning in 45 days, as well as banning US business transactions with WeChat and its parent company, Tencent. The executive order cited a "national emergency with respect to the information and communications technology and services supply chain". TikTok has 1500 U.S. employees, with its largest office in Culver City. (More... <https://www.socaltech.com/fullstory/0080200.html>) *Tech Coast Map & Calendar – Put Your Company On The Map! <https://www.siliconmaps.com/tech-coast/>* Include your company on the Tech Coast Map and be part of the iconic industry symbol of Technology Innovation in Southern California. The map is promoted through Print, Digital, and web with an online interactive version of the map. Take part in the effective map campaign to support your region, brand and location(s) while promoting your company as an industry leader. The custom imprinted Poster/Calendars make the perfect promotional year-end gift for stakeholders. View the large interactive map at https://www.siliconmaps.com/tech-coast/ Contact [email protected] for more information and mention Socal Tech for special industry rates. *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 *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 *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]. *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]. ------------------------------ *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 Ready, Set, Food! <https://www.socaltech.com/intelligence/?action=showdeal&id=100582> Encino $3.00 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 7/09/20 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 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 17, Irvine -- *What do investors want to see before they write that check? * What do investors want to see before they write that check? Pismo Ventures. Join JJ Richa in fireside chat with Kathie Priebe and Roland Schumann about what investors look for. For first-time and experienced entrepreneurs, the lingering question is the same: How do I get an investor to write a check? Sometimes the process of raising money seems more like a mystery novel that takes months to unfold and concludes with disappointing results. Are there ways to speed up this process, make the outcome more predictable and more lucrative? Do you have or need a champion? Do you know your investor audience? Have you answered in investor terms: Why This? Why You? Why Now? How transparent should you be?. See http://www.socaltech.com/calendar/eventid/26667 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 September 6, Los Angeles -- *National Business Plan Competition Deadline/Pismo Ventures* National Business Plan Competition Deadline/Pismo Ventures. Pismo Ventures presents the National Venture Plan Competition (NVPC). The NVPC is a business plan competition offering startups and entrepreneurs, across the United State, a unique opportunity to present their plans to experienced investors, screen in front of multiple investor groups nationwide, win cash and in-kind prizes, and participate in an array of invaluable webinars. Most of all, the competition provides participants one of the biggest opportunities to raise capital by being fast-tracked to present to many investor groups, angels, VCs and family offices across the US. Seee https://bit.ly/2ZRkWPP. See http://www.socaltech.com/calendar/eventid/26636 September 9, Los Angeles -- *Digital Summit LA* Out of concern for the health and safety of our attendees and staff, Digital Summit Los Angeles will reschedule our 2020 to September 9-11. Thanks!. See http://www.socaltech.com/calendar/eventid/26647 ------------------------------ *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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