*socaltech.com <http://socaltech.com> TechNews - Tuesday, August 11, 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 * - Kingston Technology Unable To Shake $7.5M Jury Award <#0080214> - J2 Global Sees Record Second Quarter <#0080213> - CoreLogic: Mortgage Delinquency Rates Climbing <#0080212> - Navitas Capital Names New Venture Partner <#0080210> - The Bake Market Launches Online Marketplace <#0080211> - Ligand Acquires Pfenex <#0080209> - Faraday Future's First Prototype Goes Up For Auction <#0080208> - Share Ventures, Led By Hamet Watt, Finds $10M For Startup Studio <#0080207> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Pixelgate.net - Internet Access, Web Hosting, Network Services <#ad188> - Accelerating Growth For Early Stage Innovation. <#ad764> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - Pacific Western Bank, Venture Banking Group <#ad749> *Tuesday, August 11, 2020* *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]. *Kingston Technology Unable To Shake $7.5M Jury Award* <https://www.socaltech.com/fullstory/0080214.html> Fountain Valley-based memory giant Kingston Technology was unable to reduce a $7.5M jury award for patent infringement on a "swiveling" cover for a USB flash memory device, after a California federal judge rejected the company's legal challenge to the jury's findings. The award--made to a company called Pavo Solutions LLC--came after a jury trial in March, where Pavo had sought $15M in damages for Kingston's use of a swiveling USB flash memory cover. Pavo is based in South Korea. (More... <https://www.socaltech.com/fullstory/0080214.html>) *J2 Global Sees Record Second Quarter* <https://www.socaltech.com/fullstory/0080213.html> Los Angeles-based J2 Global, which owns a large number of online brands--including IGN, Mashable, Offers.com, BabyCenter, eFax, and iContact--says it saw record, second quarter 2020 results. The company said that, for its second quarter ended June 30, it saw second quarter record revenues of $331.0M, compared to $322.4M for Q2 of 2019. The company attributed the growth to the "strength and quality" of its business and "adaptability and focus" for the record breaking revenues. (More... <https://www.socaltech.com/fullstory/0080213.html>) *CoreLogic: Mortgage Delinquency Rates Climbing* <https://www.socaltech.com/fullstory/0080212.html> Irvine-based property information provider CoreLogic, which tracks property information and data, says it is seeing mortgage delinquency rates climbing, with a high correlation to geographies most impacted by the COVID-19 pandemic. According to the company, its Loan Performance Insights Report--which covers up to May--saw early stage and adverse deliquincy rates increasing, with all 50 states logged year-over-year increases in overall delinquencies this May. (More... <https://www.socaltech.com/fullstory/0080212.html>) *Navitas Capital Names New Venture Partner* <https://www.socaltech.com/fullstory/0080210.html> Los Angeles-based Navitas Capital, a venture capital investment fund focused on real estate and construction technology, said today that it has named Michael Spies as a Venture Partner at the company. Spies was previously at Tishman Speyer, where he had been for 30 years, and was involved in investments in Honest Buildings (acquired by Procore) and OpenSpace. (More... <https://www.socaltech.com/fullstory/0080210.html>) *The Bake Market Launches Online Marketplace* <https://www.socaltech.com/fullstory/0080211.html> Los Angeles-based *The Bake Market <https://www.thebakemarket.com/>* said late Monday that it has launched a new, online marketplace for home bakers. The site offers up baking mixes, ingredients, and supplies, which it says are "professional-grade", featuring brands which are those that are used by the pros. According to the new site, it offers up yeast, baking mixes, fruit fillings, sprinkles, fondant, pastry bags, paper baking sheets, and more.(More... <https://www.socaltech.com/fullstory/0080211.html>) *Ligand Acquires Pfenex* <https://www.socaltech.com/fullstory/0080209.html> San Diego-based Ligand Pharmaceuticals anounced on Monday that it has acquired Pfenex, a develope rof recombinant protein production technology. According to Ligand, it will pay $12.00 per share in cash, or $438M in equity value, plus an additional $2.00 a share and $78M in milestones for Pfenex. The deal is worth up to $516M, pending those regulatory milestones. (More... <https://www.socaltech.com/fullstory/0080209.html>) *Faraday Future's First Prototype Goes Up For Auction* <https://www.socaltech.com/fullstory/0080208.html> Desperate to get your hands on a vehicle from Los Angeles-based Faraday Future? Although you aren't yet able to buy a production vehicle, yet, from Faraday, it appears that the very first, prototype model of Faraday's vehicle, the FF91, has been put up for auction. The auction listing notes that the prototype FF91 has a 130kwH battery, 1050 HP, four wheel power disc brakes, and is the exact vehicle that broke the Electric Vehicle run for Pikes Peak. (More... <https://www.socaltech.com/fullstory/0080208.html>) *Share Ventures, Led By Hamet Watt, Finds $10M For Startup Studio* <https://www.socaltech.com/fullstory/0080207.html> A new, Los Angeles-based startup studio, Share Ventures--led by startup and investment veteran Hamet Watt--has raised $10M in funding, and outlined plans to launch two to four companies every year. Watt was most recently Entrepreneur in Residence at True Ventures, was at Upfront Ventures, and also founded NextMedium, in addition to founding subscription movie ticketing startup MoviePass. (More... <https://www.socaltech.com/fullstory/0080207.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]. *Pixelgate.net - Internet Access, Web Hosting, Network Services <http://www.pixelgate.net>* We put the "Service" back into Internet Service Provider. http://www.pixelgate.net *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 *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 *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>* 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 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. 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