Los Angeles Business Journal

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Truth Be Told

23-year-old spins tweeted facts into big bucks

UberFacts’ Kris Sanchez has turned his 7 million Twitter followers into a true gold mine.

MiTú Pacts With Televisa

Culver City’s MiTú, a Latino YouTube network, has partnered with Mexican media giant Televisa to create original content for the Web in both Spanish and English.

Raytheon Gets $11 Million Contract for Laser Weapons

Raytheon Co.’s sprawling El Segundo operation has been awarded an $11 million U.S. Marine Corps contract to develop laser weapons for military vehicles.

RadPad Nabs $2 Million

Los Angeles mobile rental marketplace RadPad has raised $2 million in capital led by SG VC in Santa Barbara, bringing its total amount raised to $3.5 million.

Agent Ace Raises $6 Million

Santa Monica real estate agent recommendation service Agent Ace has raised $6 million in Series A financing from March Capital Partners, also of Santa Monica, and Carmel’s Triangle Peak Partners.

Positive Drug Trials Create L.A.’s Newest Billionaire

BIOTECH: Unfazed Alan Auerbach leads Puma’s hunt for cancer cure.

Puma’s Alan Auerbach is nursing a billion-dollar fortune after positive cancer drug trials boosted company stock.

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‘Wallet’ Pockets Credit Unions

INTERNET: App maker adds institutions to digital billfold.

CU Wallet is banking on a cut in card “swipe fees” to sign up credit unions for its mobile payment system.

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Digital Content Turning on TV

Internet: Streaming sites test ad-supported programming.

Former NBC show “Community” will test if digital programs can channel TV-like audiences and ad dollars online.

Mother’s Helper

Five years ago, Mother Co. founder and Chief Executive Abbie Schiller, 42, and her family decided to move in with her parents at her childhood home in Pacific Palisades to keep her then-fledgling children’s entertainment startup above water.

YouTube Tweaks Video’s Big Picture

INTERNET: Small creators left to sort out copyright claims solo.

YouTube policy shift has taken the fight out of some video creators who must now battle copyright claims on their own.

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