*socaltech.com <http://socaltech.com> TechNews - Thursday, April 14, 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 * - Welcome Tech Raises $30M More <#0082392> - Musk Makes $43 Billion Offer To Take Twitter Private <#0082391> - EquityCoin Aims To Use Blockchain To Fund Affordable Housing <#0082393> - Mindbody Names Chief People Officer <#0082394> - IMDb TV Becomes Freevee <#0082395> - Elon Musk Sued Over Twitter Investment <#0082390> *Marketplace* - Tech vs Media Episode 8: The First Lady of Crypto <#ad788> - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> *Thursday, April 14, 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 *Welcome Tech Raises $30M More* <https://www.socaltech.com/fullstory/0082392.html> Los Angeles-based Welcome Tech, a startup that provides financial tools and services to immigrant families, has raised $30M in a new funding round, the company said this morning. The funding came from existing investors TTV Capital, Owl Ventures, SoftBank Group Corp's SB Opportunity Fund, Mubadala Capital, and Next Play Capital. The company said the funding comes on top of an earlier, $35M Series B funding roudn in April of 2021, and brings its total funding to $70M in total. (Funding Details <https://www.socaltech.com/intelligence/?action=showdeal&id=103216>)(More... <https://www.socaltech.com/fullstory/0082392.html>) *Musk Makes $43 Billion Offer To Take Twitter Private* <https://www.socaltech.com/fullstory/0082391.html> *Elon Musk* has made a bid to take Twitter private in a deal worth approximately $43 billion, according to a SEC filing from Musk this morning. In the filing, Musk offered to pay $54.20 per share for 100 percent ownership of Twitter. Musk announced the move on Twitter, saying "I made an offer." Musk is also CEO of Hawthorne-based *SpaceX <https://www.spacex.com>*.(More... <https://www.socaltech.com/fullstory/0082391.html>) *EquityCoin Aims To Use Blockchain To Fund Affordable Housing* <https://www.socaltech.com/fullstory/0082393.html> Irvine-based EquityCoin says it is hoping to use blockchain technology to help fund affordable housing. The startup--which has yet to raise funding, but is heavily promoting its crowdfunding efforts--says it was founded to both tackle affordable housing and a widening wealth gap using its own token. The company was founded by Akil Ash (Director of Technology), Michael McConnell (Director of Engagement), Jey Van Sharp (Chief Strategy Officer), Vernon J. (More... <https://www.socaltech.com/fullstory/0082393.html>) *Mindbody Names Chief People Officer* <https://www.socaltech.com/fullstory/0082394.html> San Luis Obispo-based cloud software developer Mindbody announced this morning that it has named Meisha Sherman as Chief People Officer. According to MindBody, Sherman will head up talent acquisition, organizational strategy, and leadership and professional development. Sherman most recently was Vice President of Global Human Resources for Envista Corporation, and also served at HP, Raytheon, and Bank of America. (More... <https://www.socaltech.com/fullstory/0082394.html>) *IMDb TV Becomes Freevee* <https://www.socaltech.com/fullstory/0082395.html> *IMDb TV*, the free ad-supported streaming service which is owned by *Amazon <https://www.amazon.com>*, will be rebranded as *Freevee*, according to <https://www.hollywoodreporter.com/tv/tv-news/imdb-tv-rebranded-as-amazon-freevee-1235129313/> the Hollywood Reporter. The move was apparently made to help distinguish it from IMDb, the online information site which provides information about movies, directors, actors, and others.(More... <https://www.socaltech.com/fullstory/0082395.html>) *Elon Musk Sued Over Twitter Investment* <https://www.socaltech.com/fullstory/0082390.html> Elon Musk, the CEO of Hawthorne-based SpaceX, has been sued over the timing of his announcement of his major investment in Twitter. Musk--who officially now lives in Texas but still spends much of his time in Los Angeles at SpaceX--recently became Twitter's largest individual shareholder. (More... <https://www.socaltech.com/fullstory/0082390.html>) *Tech vs Media Episode 8: The First Lady of Crypto <https://link.chtbl.com/aKC6DpJG>* 'The First Lady of Crypto' Crystal Rose Pierce Forecasts Her Top Crypto Picks and the Legitimacy of NFTs How did an anonymous 11 year old in an AOL chatroom become the 'First Lady of Crypto'? Crystal Rose Pierce discusses her inspiring rise in the technology industry, breaks down what NFTs are - and why they are here to stay - and shares her predictions for the next big crypto coin. https://link.chtbl.com/aKC6DpJG *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]. *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 $40 billion in assets and 69 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. For more information, visit http://www.pacwest.com/lending-solutions/venture-lending, or reach out to Britt Nelson at [email protected]. ------------------------------ *Recent Funding <#funding>* 4/14/22 Welcome Tech <https://www.socaltech.com/intelligence/?action=showdeal&id=103216> Los Angeles $30.00 M 4/12/22 Studio <https://www.socaltech.com/intelligence/?action=showdeal&id=103214> Los Angeles $50.00 M 3/23/22 Gamefam <https://www.socaltech.com/intelligence/?action=showdeal&id=103212> Los Angeles $25.00 M 3/23/22 Subject <https://www.socaltech.com/intelligence/?action=showdeal&id=103213> Los Angeles $29.40 M 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 ------------------------------ *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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