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Garrett Reim

Stories by Garrett

Silicon Beach Report Oct. 16: E-Sports Ad Tech Firm VY Esports Raises Seed Round

E-Sports ad tech firm VY Esports raises seed round, Elon Musk offers more details on Big F---- Rocket and dog walking startup Wag loses pets, draws public ire and spooks investors.

E-Sports Ad Tech Firm VY Esports Raises Seed Round

Ad tech startup VY Esports of Santa Monica announced it had raised an undisclosed seed round led by Raine Ventures, with participation from Courtside Ventures, Elysian Park Ventures and other investors.

Silicon Beach Report Oct. 13: Fandango to Acquire

Fandango to acquire, Wavemaker partners raises $66 million for second Southeast Asia fund, and ESPN picks up Barstool Sports talk show based on podcast ‘Pardon My Take.’

Fandango to Acquire

Online movie ticket seller Fandango announced on Friday that it reached an agreement to acquire of Boca Raton, Fla. Terms of the transaction were not disclosed.

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Daqri CEO Mullins Exits AR Developer

Daqri CEO departs.

Amazon Lends Hand on Cloud Curriculum

School sees potential match between certificate program, high-paying occupation

The need for a pipeline of workers who understand the ins-and-outs of Inc.’s Web Services –a cloud computer service used to host websites and other applications – appears to be strong based on the reaction to a new course offered at a local community college.

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App Aims to Be Airbnb of Parking

Intends to give all sorts of property owners chance to charge for parking spots

App aims to put private parking spaces in play.

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Will Silicon Valley Augment Snap’s Reality?

TECHNOLOGY: Behemoths hand developers new tool box

Are the augmented reality initiatives brewing at Silicon Valley biggies the latest looming threat to Santa Monica-based Snap Inc.?

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Report: SpaceX’s $350 Million Round Part of Mega-Round Trend

The $350 million investment round received by Space Exploration Technologies Corp. in July ranked as the fourth-largest financing round in the United States in the third financial quarter, a new report says.

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Silicon Beach Report Oct. 12: Hyperloop One Becomes ‘Virgin Hyperloop One’ with Investment from Virgin Group

Hyperloop One becomes ‘Virgin Hyperloop One’ with investment from Virgin Group, J2 Global acquires two companies and sells three others and Movies Anywhere app launches with backing from major studios.

Silicon Beach Report Oct. 11: SpaceX to Launch Another Used Rocket

SpaceX to launch another used rocket; SpringRole, professional reputation management network, rolls out of Science Inc. incubator; and Hulu adds channel guide to live TV web user interface.

Silicon Beach Report Oct. 10: Daqri Founder and CEO Brian Mullins Steps Down

Daqri founder and CEO Brian Mullins steps down, Aerojet Rocketdyne to demo combined-cycle hypersonic engine and Snapchat is building a secluded R&D lab in Lehi, Utah.

Daqri Founder, CEO Brian Mullins Steps Down

Downtown augmented reality developer and headset manufacturer Daqri announced on Tuesday that its founder and chief executive, Brian Mullins, had resigned.

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Silicon Beach Report Oct. 9: GM’s Self-Driving Unit Acquires Pasadena Tech Company

GM’s self-driving unit acquires Pasadena tech company, SpaceX launches third set of Iridium Next satellites and Hulu dives into eSports with pact for four shows from ESL.

GM’s Self-Driving Unit Acquires Pasadena Tech Company

‘Lidar’ laser tech helps measure distance to obstacles

General Motors Co. announced on Monday that GM Cruise, its self-driving car subsidiary, had acquired Strobe, a Pasadena startup developing a technology that uses lasers to measure distances to other objects.

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Silicon Beach Report Oct. 6: Tetra Tech Inc. Wins $356M Contract to Modernize FAA

Tetra Tech Inc. wins $356 million contract to modernize FAA; Andelman and Mullin, VC vets, announce new venture; and Jessica Alba's Honest Co. slashes its valuation below $1 billion.

Tetra Tech Inc. Wins $356M Contract to Modernize FAA

Tetra Tech Inc. of Pasadena announced on Thursday that it had been awarded a $356 million contract to provide engineering and technical support services to the Federal Aviation Administration.

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Tech Boom Gives Recruiters a Boost

Corporate recruiters are reaping the rewards of the demand for skilled tech workers in Silicon Beach and beyond.

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Silicon Beach Report Oct. 5: Mattel Cancels Artificially Intelligent Baby Monitor Over Privacy Concerns

Mattel cancels artificially intelligent baby monitor over privacy concerns, career guide Fuel50 raises $2.5 million and SpaceX president slams space regulations.

Silicon Beach Report Oct. 4: Snap Inc. Sold 150,000 Spectacles

Snap Inc. sold 150,000 Spectacles, Los Angeles pet device firm draws $3.7 million investment and senators concerned about space debris and proposed SpaceX satellites colliding.

Silicon Beach Report Oct. 3: Snap’s Spiegel Doesn’t Regret IPO Timing, But Wants to Communicate Better with Investors

Snap’s Spiegel doesn’t regret IPO timing, but wants to communicate better with investors, Amazon opens bookstore in Westfield Century City, and Snapchat to launch augmented reality art platform.

Regent Strikes Deal to Franchise Hundreds of Hair Salons

Hair salon owner, operator and franchiser Regis Corp. said Monday struck a deal with Beautiful Group, an affiliate of Beverly Hills-based private equity firm Regent, for the bulk of its North American salon business. Regent, which also entered into an agreement to acquire nearly all of Regis’ international segment, will become its largest franchisee.

Silicon Beach Report Oct. 2: Ring, Pondering IPO, Launches Security System to Compete With ADT

Ring, pondering IPO, launches security system to compete with ADT, Ticketmaster sues brokers for using bots to gain advantage, and EMarketer cuts Snapchat's projected revenue for 2017 by $128 million.

Ring, Pondering IPO, Launches Security System to Compete With ADT

Santa Monica’s Bot Home Automation Inc., better known as Ring, said today it would introduce a home security system. The launch, which comes ahead of the company’s anticipated initial public offering, puts the firm in direct competition with home security service ADT Corp.

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Silicon Beach Report Sept. 29: SpaceX Working on Giant All-Purpose Rocket to Travel Around Earth, to Moon and Mars

SpaceX working on giant all-purpose rocket to travel around Earth, to moon and Mars; Disney launches DisneyNow app; and James Webb telescope launch again delayed.

Acquisition Talk Fires Up Rocket Maker’s Stock

Northrop-Orbit ATK deal bolstered prospects for Aerojet as pickup target.

Some are wondering how long Aerojet Rocketdyne Holdings Inc. of El Segundo will remain independent.

Law Firm Poaches Senator’s Spouse

Law firm poaches top attorney.

Ad Tech Firm Bucks Trend

ONLINE: $270 million to help System1 vie with titans.

System1 draws $270 million in equity despite jousting with Facebook and Google in the ad tech space.

Internet Executive Eyes New Venture

J2 Global’s Hemi Zucker will step down in order to take helm at OCV Management.

J2 Global backs a CEO switch as part of the firm’s investment strategy.

Silicon Beach Report Sept. 28: J2 Global’s Hemi Zucker to Step Down, Lead VC Firm

J2 Global’s Hemi Zucker to step down, lead VC firm, Lockheed Martin ramps development of SR-72 at Palmdale’s Skunk Works and Snapchat launches sponsored World Lenses.

J2 Global’s Hemi Zucker to Step Down, Lead VC Firm

J2 Global Inc. of Hollywood announced on Thursday that Chief Executive Hemi Zucker will resign on Jan. 1, 2018 to become a managing principle of venture capital firm OCV Management.

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Greenberg Gross Adds Former Federal Prosecutor as Partner

Greenberg Gross of downtown added as partner Becky James, a former chief of criminal appeals in the Los Angeles U.S. Attorney’s Office, the firm said Wednesday.

Silicon Beach Report Sept. 27: ‘Handmaid’s Tale’ Boosts Hulu Subscription Signups

‘Handmaid’s Tale’ boosts Hulu subscription signups, Vimeo acquires LiveStream and Cloud9 Esports raises $18.7 million.

Silicon Beach Report Sept. 26: AMC Invests $20 Million in Dreamscape Immersive

AMC invests $20 million in Dreamscape Immersive, Google acquires Bitium and PodcastOne employee says he was told to inflate download numbers.

DLA Piper Poaches Sen. Kamala Harris’ Husband Douglas Emhoff from Venable

DLA Piper announced Monday the hiring of California Sen. Kamala Harris’ husband Douglas Emhoff, previously West Coast managing partner for Venable.

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Silicon Beach Report Sept. 25: Video Game Voice Actors End 11-Month Strike

Video game voice actors end 11-month strike, Snapchat’s new augmented reality effect transforms the sky and OpenX acquires two advertising technology companies.

On the Go in L.A.: 121C

Startup 121C looks to get leg up with skateboards made with salvaged carbon fiber. By GARRETT REIM Staff Reporter

Ryan Olliges' startup, 121C Inc., was founded to exploit the market inefficiency, and has signed multiyear contracts with undisclosed local rocket manufactures to buy carbon scrap and recycle the material into skateboards and longboards.

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Student Loan Manager Holds $7M Round

Student loan management platform makes grade with $7 million B round.

Northrop Takes One Giant Leap

Northrop Grumman could be circling more business with its deal for ATK Orbital.

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Silicon Beach Report Sept. 22: Hyperloop One Raised $85 Million at a Valuation of More Than $700 Million

Hyperloop One raised $85 million at a valuation of more than $700 million, Faraday Future cuts loose its Nevada factory and incentives and Stratolaunch megaplane fires all six engines for the first time.

Silicon Beach Report Sept. 21: Raises $7 Million raises $7 million, Snapchat’s new partners attach instant apps and games to ads, and Snap Spectacles hardware lab cuts jobs, as well as changes leadership. Raises $7 Million

Student loan management program of Santa Monica announced Thursday it raised a $7 million Series B round.

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Silicon Beach Report Sept. 20: Venice’s System1 Raises $270 Million

Venice’s System1 raises $270 million, SpaceX asks FCC to make exception for low-Earth satellites in subsidized internet program and Overwatch League announces three new teams.

Silicon Beach Report Sept. 19: Snapchat Has Bigger Share of New Users in U.S., but Instagram Is Closing the Gap

Snapchat has bigger share of new users in U.S., but Instagram is closing the gap, SpaceX files paper for ‘Starlink’ constellation and Herb Scannell tapped as CEO of Mitu.

Venice’s System1 Raises $270 Million

Venice advertising technology firm System1 announced on Monday that it had completed a $270 million financing round led by New York-based Court Square Capital Partners.

Silicon Beach Report Sept. 18: Sixgill Raises $27.9 Million

Sixgill raises $27.9 million, Northrop Grumman to acquire Orbital ATK for $7.8 billion and Snapchat removes Al Jazeera channel from Saudi Arabia.

Silicon Beach Report Sept. 15: StartEngine Plans to Raise Money Through Crowdfunding

StartEngine plans to raise money through crowdfunding, Pelican Products unveils iPhone 8 and iPhone X cases and Snapchat expands Emmy Awards coverage under three-year deal.

New ICBM System On Firms’ Radar

Local facilities take aim at a bid to design the Air Force’s next ICBM system.

NASA Nominee Bodes Well For Entrepreneurs

Jim Bridenstine’s approach to space program may light fire under local businesses.

President Donald Trump’s nomination of Jim Bridenstine, a U.S. representative from Oklahoma, as the next administrator of NASA could bring a wave of business to Southern California aerospace companies.

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Silicon Beach Report Sept. 14: Hulu Content Spending to Hit $2.5 Billion in 2017

Hulu content spending to hit $2.5 billion in 2017, SpaceX reveals rocket landing blooper reel and Snapchat launches Bitmoji augmented reality feature.