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Garrett Reim

Stories by Garrett

Silicon Beach Report April 21: Snap Inc. Acquires GeoFilter Patent from Mobi for $7.7 Million

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.

Fiber-optics Company’s Sale a Crowning Moment

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.

Rocket Firm High on New Course in Business

AEROSPACE: Aerojet may seek lift in satellite service.

Aerojet Rocketdyne may look to pad its rocket revenue by adding satellite launch services.

Silicon Beach Report April 20: L.A. Seed Funding Falls Sharply in First Quarter

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.

L.A. Seed Funding Falls Sharply in First Quarter

While venture capital investment in L.A. startups rose slightly in the first quarter of 2017, seed-stage investments went in the other direction.

Silicon Beach Report April 19: Analyst Says Facebook Monopoly Crushing Competitors Such as Snapchat

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.’

Silicon Beach Report April 18: Snap Launches Additional Augmented Reality Features for Snapchat

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.

Silicon Beach Report April 17: Telecom Firm Wilcon Acquired for $600 Million by Crown Castle Corp.

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.

Telecom Firm Wilcon Acquired for $600 Million by Crown Castle Corp.

Crown Castle International Corp. has agreed to acquire downtown telecommunications firm Wilcon Operations for $600 million from private equity firm Pamlico Capital.

Silicon Beach Report April 14: RadPad Ordered to Pay $60.5M Judgment to Craigslist

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.

RadPad Ordered to Pay $60.5 Million Judgment to Craigslist

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.

New Funds Put Focus on Entertainment’s Future

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.

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Can Robots Help Humans Get in Gear?

Embodied sees future in social assistants.

Embodied engineers robots to help human patients get with their health programs.

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Silicon Beach Report April 13: Instagram Stories Users Rise to 200 Million Per Day

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.

Hyperloop Pitches Gain Ground in Competition

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.

Hyperloop One Asks Public to Suggest U.S. Routes, Selects 11 Regions for Further Study

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.

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Silicon Beach Report April 5: SpaceX Gains Substantial Cost Savings from Reused Falcon 9

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.

SpaceX Plans ‘Silly Payload’ on First Falcon Heavy Launch in Late Summer

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.

Silicon Beach Report March 31: Snapchat Launches Stories Search

Snapchat launches stories search, Paramount launches ‘Ghost in the Shell’ VR experience, and SpaceX considering upper stage recovery of Falcon Heavy rocket.

Cash-Advance Firm Plows Money Into Farming

FINANCE: ProducePay fields service to fund-hungry sector.

Cash-advance service ProducePay believes it has a bumper crop of clients in farmers.

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Silicon Beach Report March 30: Fandango Relocates Staff to L.A. Office

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 Nails World’s First Launch, Landing of Reused Rocket

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.

Silicon Beach Report March 29: Santa Monica’s DogVacay Purchased by Rival

Santa Monica’s DogVacay Purchased by Rival, Science Inc. begins raising $60 million fund, and test firing readies SpaceX rocket for relaunch Thursday.

Silicon Beach Report March 28: Rubicon Sued by Publishing Customer The Guardian

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.

Silicon Beach Report March 27: Faraday Future Cancels Plans to Build Assembly Factory in California

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.

Silicon Beach Report March 24: SpaceX Plans to Relaunch Used Falcon 9 Rocket Next Week

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.

Black Tux to Open Showrooms in Six Nordstrom Stores

Online tux rental service Black Tux plans to open six showrooms inside Nordstrom department stores, starting with a location in Mission Viejo.

Software, Hardware by Apium Controls Submarine, Aircraft Swarms

Group Effort

Apium hopes to gang up on the drone industry with its swarm software and hardware.

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Hiring Service Offers Insider’s Edge to Job Seekers

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.

Silicon Beach Report March 23: FreedomPop Launches Free Family Cell Phone Plan

FreedomPop launches free family cellphone plan, Oaktree sells stake in tronc back to company, and Jam City eyes late 2017 or early 2018 IPO.

Silicon Beach Report March 22: Job-Hunting Advice Network Raises $2.7M

Job hunting advice network raises $2.7 million, content management service Edlio acquires app Sangha, and entertainment content startup Pocketwatch raises $6 million.

Silicon Beach Report March 21: Hootsuite Acquires Snapchat Analytics Tool from Naritiv

Hootsuite acquires Snapchat analytics tool from Naritiv, Hyperloop Transportation Technologies begins construction on pod, and FilmOn loses cable broadcasting appeal.

Silicon Beach Report March 20: SpaceX Studying Mars Mission Landing Sites

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.

Home Goods Reshuffle

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.

New CEO Comes On Line at Ad Firm

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.

Hyperloop Firm Makes Tracks to Crowdsourcing

TECHNOLOGY: Equity-paid workers recruited by venture to speed system to market.

Hyperloop Transportation looks to get moving with equity-paid, crowdsourced workers.

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Celebrities Become Well-Known as Tech Funders

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.

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Robot Gears Up as Cook

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.

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Silicon Beach Report March 16: Honest Co.’s CEO Brian Lee Steps Down

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.’s CEO Brian Lee Steps Down

Honest Co. co-founder Brian Lee stepped down Thursday from his role as chief executive.

Silicon Beach Report March 15: ServiceTitan Raises $80 Million

ServiceTitan raises $80 million, ProducePay raises $77 million in debt and equity, and Soylent signs lease on 29,000-square-foot property.

Silicon Beach Report March 14: Rubicon Project CEO Steps Down Following Rough Year

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 CEO Steps Down Following Rough Year

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.

Silicon Beach Report March 13: SpaceX Plans to Launch Commercial Satellite Tuesday Morning

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.

Silicon Beach Report March 10: Volvo Signs Deal for AeroVironment’s EV Chargers

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.

Facebook’s Use of Cloned Snapchat Features May Step on Snap’s Growth

INTERNET: Social Media Giant Not Playing to Make Friends

Snap may have little legal recourse as Facebook scores big with cloned Snapchat features.

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Telemedicine Venture Gets Line on Seed Financing

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.