Snap Inc. acquires geofilter patent from Mobi for $7.7 Million, Hyperloop One’s Chief Marketing Officer Kimberly Salzer leaves for Ozobot, and CalTech, UCLA ranked top universities for technology transfer.
L.A. seed funding falls sharply in first quarter, Brian Lee and Ron Burkle-backed medical apparel Startup Jaanuu raises $5 million from retail execs, and Nasty Gal founder Sophia Amoruso’s dramatic biopic releases Friday on Netflix.
While venture capital investment in L.A. startups rose slightly in the first quarter of 2017, seed-stage investments went in the other direction.
Analyst says Facebook monopoly crushing competitors such as Snapchat, Hyperloop One delays testing of pod, and Jam City launches bubble shooter game based on ‘Peanuts.’
Snap launches additional augmented reality features for Snapchat, Facebook defends Snap copying strategy, says it’s just getting started, and TeleSign launches self-service APIs.
Telecom firm Wilcon acquired for $600 million by Crown Castle Corp., SpaceX’s August hyperloop competition will test maximum speed, and alleged comments from Snap CEO Evan Spiegel drop stock.
Crown Castle International Corp. has agreed to acquire downtown telecommunications firm Wilcon Operations for $600 million from private equity firm Pamlico Capital.
RadPad ordered to pay $60.5 million judgment to Craigslist, Hulu opens 500 employee service center in Texas, and in possible win for SpaceX, NASA may rely on commercial partners for Mars trip.
A final $60.5 million judgement was issued against RadPad Inc. after the upstart was found liable for unlawfully scraping apartment listings and spamming users of rival Craigslist Inc.
Instagram Stories users rise to 200 million per day, Aerojet moves rocket engine work to Alabama, and Hulu Live TV service to cost $39.99 per month with ads.
Upfront Ventures’ Mark Suster plugs L.A.’s tech scene after forming an early connection.
Silicon Beach Report April 6: Hyperloop One Asks Public to Suggest U.S. Routes, Selects 11 Regions for Further Study
Hyperloop One asks public to suggest U.S. routes and selects 11 regions for further study, on-demand doctor app Heal adds Obama’s Secretary of Navy to board, and Virgin Galactic planning for test space launch before end of year.
After receiving proposals from more than 2,600 individuals, downtown’s Hyperloop One has selected 11 U.S. regions to study financing and construction of potential Hyperloop systems.
SpaceX gains substantial cost savings from reused Falcon 9, TaskUs moves headquarters to Santa Monica Airport, and Enthusiast Network launches Motor Trend streaming video in UK and Europe.