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LA TECHNOLOGY

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Snap Control Structure Could Hinder IPO Price

TECHNOLOGY: Snapchat parent could be valued at up to $22 billion in offering.Concentration of voting shares with the co-founders could prove costly for Snap’s IPO.

By Henry Meier February 17, 2017 midnight   Share

Silicon Beach Report Feb. 24: Aerojet Rocketdyne Buys Missile Maker

Aerojet Rocketdyne buys missile maker, Snap founders tighten grip on voting power in response to one investor, and how Nasty Gal fell from $85 million in sales to bankruptcy.

Silicon Beach Report Feb. 23: DeviantArt Sold for $36M

DeviantArt sold for $36 million, AirMap raises $26 million in round led by Microsoft Ventures, and Disney laysoff 80 Maker Studio employees.

Los Angeles to Donate Rent-Free Space to Manufacturing Institute

The city of Los Angeles is planning to donate rent-free space to the recently launched Clean Energy Smart Manufacturing Innovation Institute.

Silicon Beach Report Feb. 22: Global Eagle Stock Plunges After CEO and CFO Resign

Global Eagle stock plunges after CEO and CFO resign, AwesomenessTV CEO Brian Robbins resigns, microfinance startup Tala raises $30 million, and more.

Global Eagle Stock Plunges After CEO and CFO Resign

Global Eagle Entertainment Inc.’s stock fell 23.9 percent to $4.48 a share on Tuesday, after the company’s chief executive officer, Dave Davis, and its chief financial officer, Tom Severson resigned abruptly the day before.

Silicon Beach Report Feb. 21: Goldman Sachs Predicts $2B in Revenue for Snap Inc. In 2018

Goldman Sachs predicts $2 billion in revenue for Snap Inc. in 2018, Breitbart editor Milo Yiannopoulos resigns after controversial statements surface, Disney demonstrates wireless charging technology, and more.

Silicon Beach Report Feb. 20: Whatsapp Updates with Snapchat-Like Vanishing Content

WhatsApp updates with Snapchat-like vanishing content, SpaceX lands its latest Falcon 9 rocket booster, media buying on Snapchat confuses advertisers, and more.

Silicon Beach Report Feb. 17: Rubicon Project Signs SoundCloud

Rubicon Project signs SoundCloud, Elon Musk is seriously pursuing tunneling as a business, and GM deploys 100 electric cars for car sharing program in Los Angeles.

Tease photo

Solar Umbrellas Take Charge at Coffee Chain

ENERGY: Deal plugs Zon’s power invention at shops.

Zon hopes to help cover customers’ power needs with its device-charging solar umbrellas.

Silicon Beach Report Feb. 16: Tinder Acquires Snapchat-Like App Wheel

Tinder acquires Snapchat-like app Wheel, Snap Inc. aims to raise as much as $3.2 billion in IPO, and Disney’s Maker Studios is eyeing layoffs.

Tinder Acquires Snapchat-Like App Wheel

Tinder announced on Thursday that it had for an undisclosed amount acquired General Specific Inc., the developer of Wheel, a video-and-picture slideshow app.

Silicon Beach Report Feb. 15: Fika Ventures Raises $40 Million Seed Fund

Fika Ventures raises $40 million seed fund, Musk posts tweet opposing Muslim ban, then deletes it, Imax opens flagship virtual reality center on Fairfax, and more.

Fika Ventures Launches $40M Seed Fund

Fika Ventures has raised a $40 million seed fund to invest in business-to-business companies developing software products for finance, online marketplaces, and healthcare.

L.A. Startups Received $369 Million in Seed Funding in 2016

Seed-stage companies in Los Angeles received a total of $369 million in funding in 2016, according to report from Venice tech accelerator Amplify.LA.