Stories by Garrett
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.
TECHNOLOGY: Wilcon Operations’ $600 million deal reflects industry trend.
Crown Castle International Corp. agreed last week to acquire downtown telecommunications firm Wilcon Operations in a $600 million deal with private equity firm Pamlico Capital.
AEROSPACE: Aerojet may seek lift in satellite service.
Aerojet Rocketdyne may look to pad its rocket revenue by adding satellite launch services.
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.
FINANCE: Vision, Struans see e-sports, virtual reality as means to score big returns.
Two new investment firms look to bank on the future by backing millennial-focused content creators.
Embodied sees future in social assistants.
Embodied engineers robots to help human patients get with their health programs.
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.
TRANSPORTATION: Bids will be cut to three, with one selected for development.
After receiving proposals from more than 2,600 organizations and individuals, downtown’s Hyperloop One last week selected 11 projects to consider for financing and construction of potential hyperloop systems.
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.
Silicon Beach Report April 4: Spotify, Universal Music Agreement Offers Album First Dibs to Subscribers
Spotify and Universal Music agreement offers album first dibs to subscribers, FreedomPop launches plan for small businesses, and Pluto TV taps former E! exec Robert Magdlen as chief programming officer.
Silicon Beach Report April 3: SpaceX Plans ‘Silly Payload’ on First Falcon Heavy Launch in Late Summer
SpaceX plans ‘silly payload’ on first Falcon Heavy launch in late summer, Snapchat adds Instagram layout as April Fools’ joke, and Wpromote acquires Prime Visibility.
When SpaceX’s Falcon Heavy lifts off for the first time this summer it will rank as the most powerful operational rocket in the world by a factor of two - but its payload will less than serious.
Snapchat launches stories search, Paramount launches ‘Ghost in the Shell’ VR experience, and SpaceX considering upper stage recovery of Falcon Heavy rocket.
FINANCE: ProducePay fields service to fund-hungry sector.
Cash-advance service ProducePay believes it has a bumper crop of clients in farmers.
Fandango relocates staff to L.A. office, SpaceX nails world’s first launch, landing of reused rocket, Snap pitches self-serve geofilters to small businesses, and more.
SpaceX landed a used Falcon 9 first-stage rocket on a water barge in the Atlantic Ocean on Thursday — the world’s first flight and landing of a previously launched orbital-class rocket.
Santa Monica’s DogVacay Purchased by Rival Rover.com, Science Inc. begins raising $60 million fund, and test firing readies SpaceX rocket for relaunch Thursday.
Rubicon sued by publishing customer The Guardian, Tinder plans to launch website version, and Facebook clones Snapchat stories and then puts feature atop newsfeed, and more.
Faraday Future cancels plans to build assembly factory in California, Snap Inc. stock jumps after underwriters give company ‘buy’ rating, and Nasdaq threatens to drop Global Eagle over delayed SEC filing.
SpaceX plans to relaunch used rocket next week, Black Tux to open showrooms in six Nordstrom stores, and Lions Gate has ‘helluva good day’ with Power Rangers video game launch.
Online tux rental service Black Tux plans to open six showrooms inside Nordstrom department stores, starting with a location in Mission Viejo.
Apium hopes to gang up on the drone industry with its swarm software and hardware.
EMPLOYMENT: Network of Purple Squirrel works to link current staffers, candidates.
The perfect job candidate is so hard to find that the human resources industry has a term for the rare specimen: a purple squirrel.
FreedomPop launches free family cellphone plan, Oaktree sells stake in tronc back to company, and Jam City eyes late 2017 or early 2018 IPO.
Job hunting advice network raises $2.7 million, content management service Edlio acquires app Sangha, and entertainment content startup Pocketwatch raises $6 million.
Hootsuite acquires Snapchat analytics tool from Naritiv, Hyperloop Transportation Technologies begins construction on pod, and FilmOn loses cable broadcasting appeal.
SpaceX studying Mars mission landing sites, Snap Inc. gets first buy rating from Wall Street firm, and Two Bit Circus develops VR and motion simulator.
INTERNET: Brian Lee gives Honest Co.’s CEO seat to sector veteran Nick Vlahos.
Honest Co. co-founder Brian Lee signs off as CEO of the home goods e-tailer.
Internet veteran Michael Barrett takes over at Rubicon Project after disappointing projections.
Executive shuffle continues at ad tech firm Rubicon Project after poor first quarter revenue projections.
TECHNOLOGY: Equity-paid workers recruited by venture to speed system to market.
Hyperloop Transportation looks to get moving with equity-paid, crowdsourced workers.
INVESTMENT: Some firms take shine to helping startups connect with stars’ money.
Firms have grown familiar in helping celebrities put their money on the next rising-star startup.
MANUFACTURING: Chain CaliBurger beefs up burger service with Miso’s ‘Flippy.’
Miso’s patty-cooking robotic arm, “Flippy,” is giving CaliBurger a hand in the kitchen.
Honest Co.’s CEO Brian Lee steps down, venture capital firm Blockchain Capital plans to raise funds by selling digital currency, and SpaceX successfully launches EchoStar satellite.
Honest Co. co-founder Brian Lee stepped down Thursday from his role as chief executive.
ServiceTitan raises $80 million, ProducePay raises $77 million in debt and equity, and Soylent signs lease on 29,000-square-foot property.
Rubicon Project chief executive steps down following rough year, Softbank invests in artificial intelligence startup Oben, and Vice Media to produce original Snapchat shows.
Rubicon Project Founder Frank Addante has stepped down from his role as chief executive following an exodus of senior executives at the company over the last month and lowered revenue forecast in the company’s fourth quarter filing released after the market closed on Tuesday.
SpaceX plans to launch a commercial satellite Tuesday morning, Snap Inc. hires former Apple News head to lead its Discover portal, and Snap Inc. building sales team in Germany.
Volvo signs deal for AeroVironment’s EV chargers, Hulu Live TV won’t include Viacom networks, and DirecTV sports fee varies wildly by zip code.
INTERNET: Social Media Giant Not Playing to Make Friends
Snap may have little legal recourse as Facebook scores big with cloned Snapchat features.
HEALTH CARE: IExhale’s over-phone therapy sessions ring up $1.86 million round.
Telemedicine startup iExhale has closed a $1.86 million seed round led by New York family office Dorilton Capital, according to a statement released last week.