*socaltech.com <http://socaltech.com> TechNews - Thursday, March 4, 2021* 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 * - Amgen Acquires Five Prime Therapeutics For $1.9 Billion <#0080994> - Fanatics Adds Magic Johnson To Board <#0080993> - SpaceX Launches, Lands SN10 Starship, Which Later Explodes <#0080995> - Clean Energy In $400M Joint Venture With Total SE <#0080996> - Slingshot Aerospace Names Advisory Board <#0080992> - Procore Launches IPO Effort, Targets NYSE <#0080991> - NextCar, Led By Scott Painter, Gears Up For Launch With Exec Team <#0080986> *Marketplace* - 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> *Thursday, March 4, 2021* *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]. *Amgen Acquires Five Prime Therapeutics For $1.9 Billion* <https://www.socaltech.com/fullstory/0080994.html> T (More... <https://www.socaltech.com/fullstory/0080994.html>) *Fanatics Adds Magic Johnson To Board* <https://www.socaltech.com/fullstory/0080993.html> Los Angeles-based tech-focused, sports merchandise company Fanatics said on Wednesday that it has added Earvin "Magic" Johnson to its board of directors. Johnson--best known for his basketball--currently is the Chairman and Chief Executive Officer of Magic Johnson Enterprises, an investment firm. He's a co-owner of the Los Angeles Dodgers and holds ownership stakes in the WNBA's Los Angeles Sparks, Major League Soccer's Los Angeles Football Club, and eSports franchise Team Liquid. (More... <https://www.socaltech.com/fullstory/0080993.html>) *SpaceX Launches, Lands SN10 Starship, Which Later Explodes* <https://www.socaltech.com/fullstory/0080995.html> Hawthorne, California-based SpaceX had another launch and landing test of its Starship spacecraft, successfully launching and landing the SN10 Starship--which then spectacularly exploded on the launch pad. The Starship is the latest prototype of the space vehicle to be destroyed in testing, as SpaceX has been moving towards launching the extremely large spacecraft into space. (More... <https://www.socaltech.com/fullstory/0080995.html>) *Clean Energy In $400M Joint Venture With Total SE* <https://www.socaltech.com/fullstory/0080996.html> Newport Beach-based renewable natural gas producer Clean Energy Fuels, which produces natural gas from methane captured from decomposing organic waste, says it is in a $400M joint venture with energy giant Total SE. According to the companies, they are in a 50/50 joint venture to develop carbon-negative renewable natural gas (RNG) production facilities in the United States, as well as credit support to build additional downstream RNG fueling infrastructure. (More... <https://www.socaltech.com/fullstory/0080996.html>) *Slingshot Aerospace Names Advisory Board* <https://www.socaltech.com/fullstory/0080992.html> El Segundo- and Austin-based Slingshot Aerospace says it has named a Board of Advisors, which will provide it with counsel, advice, and support. The company--which develops software used for combining data from satellites, ground-based sensors, and their sources and applies machine learning and other techniques to improve analysis--said it added Chuck Beames, Karen Diener, Susan Helms, Moriba Jah, Keith Masback, Chris Mattmann, and Marissa Peretz to the new advisory group. (More... <https://www.socaltech.com/fullstory/0080992.html>) *Procore Launches IPO Effort, Targets NYSE* <https://www.socaltech.com/fullstory/0080991.html> Carpinteria-based construction management software developer Procore, which just launched an IPO effort, said today that it plans to list its common stock on the New York Stock Exchange under the ticker symbol PCOR. The company has not yet indicated how much it intends to raise in its initial public offering, which is being underwritten by Goldman Sachs & Co. LLC, J.P. Morgan, Barclays, Jefferies, Canaccord Genuity, KeyBanc Capital Markets, Oppenheimer & Co. (More... <https://www.socaltech.com/fullstory/0080991.html>) *NextCar, Led By Scott Painter, Gears Up For Launch With Exec Team* <https://www.socaltech.com/fullstory/0080986.html> Santa Monica-based NextCar, the newest automotive-focused startup led by startup veteran Scott Painter, is gearing up for the launch of the company, saying this week that it has named a senior management team. (More... <https://www.socaltech.com/fullstory/0080986.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 *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>* 2/24/21 Emotive <https://www.socaltech.com/intelligence/?action=showdeal&id=102079> Los Angeles $50.00 M 2/24/21 BeSmartee <https://www.socaltech.com/intelligence/?action=showdeal&id=102080> Huntington Beach $0.00 M 2/23/21 SpaceX <https://www.socaltech.com/intelligence/?action=showdeal&id=102053> Hawthorne $850.00 M 2/18/21 talkshoplive <https://www.socaltech.com/intelligence/?action=showdeal&id=101941> Los Angeles $3.00 M 2/12/21 Pipeline Therapeutics <https://www.socaltech.com/intelligence/?action=showdeal&id=101930> San Diego $80.00 M 2/03/21 LeaseLock <https://www.socaltech.com/intelligence/?action=showdeal&id=101670> Marina Del Rey $52.00 M 1/21/21 Plexium <https://www.socaltech.com/intelligence/?action=showdeal&id=101426> San Diego $35.00 M 1/12/21 Vesica <https://www.socaltech.com/intelligence/?action=showdeal&id=101380> Los Angeles $2.10 M 1/12/21 Genalyte <https://www.socaltech.com/intelligence/?action=showdeal&id=101379> San Diego $50.00 M 1/05/21 HG Insights <https://www.socaltech.com/intelligence/?action=showdeal&id=101349> Santa Barbara $0.00 M 12/22/20 Perch <https://www.socaltech.com/intelligence/?action=showdeal&id=101427> Los Angeles $2.50 M 12/15/20 Eta Compute <https://www.socaltech.com/intelligence/?action=showdeal&id=101339> Thousand Oaks $12.50 M 12/15/20 Cosemi <https://www.socaltech.com/intelligence/?action=showdeal&id=101340> Irvine $8.00 M 12/03/20 Esports One <https://www.socaltech.com/intelligence/?action=showdeal&id=101261> Santa Monica $4.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html March 9, Pasadena -- *Fundraising Essentials: Pitching Angel Groups* Preccelerator® U Presents: Fundraising Essentials: Pitching Angel Groups. Join us for this Preccelerator Program event with Mimi Carter of the Pasadena Angels as she shares insights on pitch deck preparation, metrics and approach that will assist in preparing you to pitch to Angel investor syndicate groups. Mimi Carter is an entrepreneur and investor in early-stage companies. She is a partner at Carterus Strategies and director of the Pasadena Angels, named one of the top 10 angel investing groups in the US by Forbes Magazine. Mimi serves on the advisory board for Mayor Eric Garcetti’s WiSTEM program, an initiative to lead the nation in developing and sustaining a robust pipeline of women in STEM. She is a strategic advisor for Women Founder’s Foundation, an organization providing access to capital, visibility, and mentorship for female founders. See http://www.socaltech.com/calendar/eventid/26708 March 25, Los Angeles -- *Preccelerator Program Virtual Demo Day* Preccelerator Program Virtual Demo Day + Special Guest Speaker. The Preccelerator ® Program Virtual Demo Day kicks off on March 25th @ 3:30 pm, and you're invited to take part in the festivities. Preccelerator cohort companies are early stage, and we work hand in hand with them throughout their term to know their market and users, foster their leadership skills, build and test their product, avoid legal pitfalls, ensure the defensibility of their products, acquire users and partnerships and prepare them for the fundraising process. Now it's time to showcase their efforts. See http://www.socaltech.com/calendar/eventid/26707 March 31, Los Angeles -- *Pepperdine University Most Fundable Companies Competition* *NEW* . See http://www.socaltech.com/calendar/eventid/26711 ------------------------------ *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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