*socaltech.com <http://socaltech.com> TechNews - Thursday, March 17, 2022* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News <https://www.socaltech.com/News> ------------------------------
*Sponsored By * Tech vs. Media Podcast (https://link.chtbl.com/aKC6DpJG) 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 * - Almost Friday Media Finds $6M <#0082296> - Virgin Orbit Wins Deal With Poland <#0082295> - iTrustCapital, Backed By $125M, Sets HQ In Irvine <#0082297> - EVgo Expands Network At Save Mart <#0082298> - Qualcomm Sues Former Engineer For IP Theft <#0082294> *Marketplace* - KPMG QuantumShift Program: Join an exclusive group of elite entrepreneurs <#ad778> - Accelerating Growth For Early Stage Innovation. <#ad764> - Pacific Western Bank, Venture Banking Group <#ad749> - Stradling <#ad608> *Thursday, March 17, 2022* *Tech vs. Media: From Working in a Small Apartment to Selling Your Company for Over $100M <https://www.curtco.com/tvm-06-jon-skogmo>* How to go from $10,000 and Working in a Small Apartment to Selling Your Company for Over $100,000,000 with Junkin Media Founder and Former CEO, Jon Skogmo The ultimate content creator: the “King of Viral Video,” founder and former CEO of Junkin Media Jon Skogmo, discusses how licensing and monetizing video clips on digital platforms and being an early adopter of YouTube helped him sell his company for over 100 million dollars. Listen to the episode here: href="https://www.curtco.com/tvm-06-jon-skogmo *Almost Friday Media Finds $6M* <https://www.socaltech.com/fullstory/0082296.html> Venice, California-based Almost Friday, which produces comedy Instagram accounts, has raised $6M in a seed funding round, the company announced this morning. According to the company, the funding came from angel investors Tim Armstrong, Robert Greenhill, Lloyd Danzig's Sharp Alpha Advisors, Northern Right Capital's Matt Drapkin, Dreamscape Hospitality's Scott Broder, Tom Ellis, and Eric Birnbaum, and Jimmy Miller, founder of Mosaic Media Group. (More... <https://www.socaltech.com/fullstory/0082296.html>) *Virgin Orbit Wins Deal With Poland* <https://www.socaltech.com/fullstory/0082295.html> Long Beach-based space company Virgin Orbit said today that it has signed a letter of intent with the country of Poland, to help Poland advanced its domestic space capabilities. Financial details of the deal were not announced. According to Virgin Orbit and the Polish Space Agency (POLSA), Poland has "conveyed its strong interest" in bringing a domestic launch capability to Poland through Virgin Orbit's LauncherOne system. (More... <https://www.socaltech.com/fullstory/0082295.html>) *iTrustCapital, Backed By $125M, Sets HQ In Irvine* <https://www.socaltech.com/fullstory/0082297.html> *iTrustCapital <https://www.itrustcapital.com>*, a startup that lets people buy and sell cryptocurrency using their individual retirement accounts (IRAs), said this week it has set up shop in Irvine on Van Karman Ave. The company is backed by $125M from Left Lane Capital. The startup is led by CEO Todd Southwick. According to iTrustCapital, it has leased approximately 25,000 square feet for its new HQ, with space for up to 400 employees.( More... <https://www.socaltech.com/fullstory/0082297.html>) *EVgo Expands Network At Save Mart* <https://www.socaltech.com/fullstory/0082298.html> Los Angeles-based public EV fast charging network operator EVgo said this week that it is expanding its partnership with The Save Mart Companies. According to the two, they are adding special promotions to people who charge at seven additional Save Mart stores as part of an existing partnership. The two said that drivers will get special promotions after charging sessions are started at specific Save Mart, Lucky California, and FoodMaxx locations. (More... <https://www.socaltech.com/fullstory/0082298.html>) *Qualcomm Sues Former Engineer For IP Theft* <https://www.socaltech.com/fullstory/0082294.html> San Diego-based Qualcomm has sued one of its former engineers, saying that he stole the company's intellectual property by taking screenshots of sensitive documents. The lawsuit claims that Guarav Kathuria stole trade secrets after taking a job at another high tech company. Kathuria was most recently a Senior Software Engineering Manager at Qualcomm in San Diego. ( More... <https://www.socaltech.com/fullstory/0082294.html>) *KPMG QuantumShift Program: Join an exclusive group of elite entrepreneurs <https://info.kpmg.us/quantumshift.html>* SHIFT TO A NEW LEVEL OF SUCCESS Welcoming America’s most innovative and promising CEOs to the University of Michigan’s campus in Ann Arbor for a five-day (May 1-6, 2022) learning and peer-to-peer networking experience. QuantumShift is led by faculty from the Stephen M. Ross School of Business and aims to help entrepreneurs improve their leadership approach, inspire their people, and maximize their growth opportunities. Interested in joining the class of 2022? Please apply here: https://info.kpmg.us/quantumshift.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 *Pacific Western Bank, Venture Banking Group <http://www.pacwest.com/lending-solutions/venture-lending>* Pacific Western Bank is a commercial bank with over $29 billion in assets and 70 full-service branches primarily located in California, with one in Durham, NC and another in Denver, CO. Our Venture Banking Group offers a comprehensive suite of financial services focused on entrepreneurial and venture-backed businesses and their 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 Britt Nelson at [email protected]. *Stradling <http://www.sycr.com>* Stradling, Attorneys At Law ( href="http://www.sycr.com";>http://www.sycr.com ) For more than 40 years top companies and municipalities have counted on Stradling to have the right team and skills to meet their toughest challenges 24/7, 365 days a year. ------------------------------ *Recent Funding <#funding>* 3/10/22 Menlo Microsystems, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103211> Irvine $150.00 M 3/10/22 Slingshot Aerospace <https://www.socaltech.com/intelligence/?action=showdeal&id=103210> El Segundo $25.00 M 2/22/22 Fama Technologies, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103209> Los Angeles $10.00 M 2/17/22 Spotter, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103208> Beverly Hills $200.00 M 2/17/22 Voila <https://www.socaltech.com/intelligence/?action=showdeal&id=103207> Los Angeles $6.00 M 2/15/22 Telgorithm <https://www.socaltech.com/intelligence/?action=showdeal&id=103206> Northridge $3.80 M 2/11/22 Sekr <https://www.socaltech.com/intelligence/?action=showdeal&id=103205> San Diego $2.25 M 2/09/22 Happy Money <https://www.socaltech.com/intelligence/?action=showdeal&id=103203> Tustin $50.00 M 2/09/22 Complyant <https://www.socaltech.com/intelligence/?action=showdeal&id=103204> Los Angeles $5.50 M 2/03/22 Platform Science, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103202> San Diego $115.00 M 1/27/22 Matters Lab <https://www.socaltech.com/intelligence/?action=showdeal&id=103201> Los Angeles $2.00 M 1/13/22 Masters <https://www.socaltech.com/intelligence/?action=showdeal&id=103199> Los Angeles $2.70 M 1/13/22 HeyRenee <https://www.socaltech.com/intelligence/?action=showdeal&id=103200> Los Angeles $4.40 M 1/12/22 Jaanuu <https://www.socaltech.com/intelligence/?action=showdeal&id=103198> El Segundo $75.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html ------------------------------ *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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