*socaltech.com <http://socaltech.com> TechNews - Friday, March 18, 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 * - Amazon Closes $8.5 Billion MGM Acquisition <#0082302> - Fair Sells Assets To Shift <#0082301> - Skyminyr Gets $2.5M <#0082300> - C2X Scores $25M For Blockchain Gaming <#0082299> - Almost Friday Media Finds $6M <#0082296> *Marketplace* - Tech vs. Media: From Working in a Small Apartment to Selling Your Company for Over $100M <#ad786> - KPMG QuantumShift Program: Join an exclusive group of elite entrepreneurs <#ad778> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> *Friday, March 18, 2022* *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 *Amazon Closes $8.5 Billion MGM Acquisition* <https://www.socaltech.com/fullstory/0082302.html> Amazon said on Thursday that it has completed its $8.5 billion acquisition of MGM, after receiving final approvals from the European Union on the deal. The acquisition deal had been announced in May of last year. The deal makes more than 4,000 films and 17,000 TV shows part of Amazon's online streaming service, Amazon Prime Video, and also further increases Amazon's footprint in Hollywood. (More... <https://www.socaltech.com/fullstory/0082302.html>) *Fair Sells Assets To Shift* <https://www.socaltech.com/fullstory/0082301.html> Los Angeles-based online used car market operator Fair sold a number of its assets, including its dealer listing marketplace to San Francisco-based auto e-commerce platorm operator Shift, in a deal worth approximately $15M. According to Shift, it paid both cash and shares of its Class A common stock to acquire certain assets of Fair Technologies, which also includes its employees. Shift says it is using funding from SoftBank Group for the deal. (More... <https://www.socaltech.com/fullstory/0082301.html>) *Skyminyr Gets $2.5M* <https://www.socaltech.com/fullstory/0082300.html> San Diego-based *Skyminyr <https://www.skyminyr.com>*, a startup developing AI-driven software to help both recruit talent and retain employees, has raised $2.5M in a seed funding round, according to the company. The company said funding came form searh firms True Search, Caldwell Partners and IQTalent, along with Karmel Capital. The startup is led by Foudner and CEO Alex Bates. The company said the funding goes towards sdevelopment and rollout of its platform.(More... <https://www.socaltech.com/fullstory/0082300.html>) *C2X Scores $25M For Blockchain Gaming* <https://www.socaltech.com/fullstory/0082299.html> Los Angeles-based C2X, an open blockchain gaming platform run by MetaMagnet Ltd., says it has raised $25M in a funding round. The funding was led by FTX Ventures, Jump Crypto, and Animoca Brands, and also included Hashed, Terra, Transcend Fund, Galaxy Interactive, Skybound, Blockchain Coinvestors, DeFiance Capital, Play Ventures, Crypto.com, Infinity Ventures Crypto, Unanimous Capital, Bowei, Xsolla, Huobi Ventures, Goal Ventures, Concept Art House, Agnitio Capital and Formless Capital.. (More... <https://www.socaltech.com/fullstory/0082299.html>) *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>) *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 *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 *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 *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]. ------------------------------ *Recent Funding <#funding>* 3/10/22 Slingshot Aerospace <https://www.socaltech.com/intelligence/?action=showdeal&id=103210> El Segundo $25.00 M 3/10/22 Menlo Microsystems, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=103211> Irvine $150.00 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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