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Mattel & Upfront participate in interactive puzzle startup’s $24 million round, Tinder launches branded podcast on dating, and advertiser interest in Live Stories slackens.
Silicon Beach Report Dec. 8: Sean Rad to Step Down as Tinder CEO, Become Head of Match Group M&A Firm
Sean Rad to step down as Tinder CEO to become head of Match Group M&A firm, Honest Co. to cut 14 percent of staff, and Hulu launches multiple user profiles.
Tinder Chief Executive Sean Rad will step down from his role as the company’s chief executive to lead Swipe Ventures, a Match Group accelerator and acquisition vehicle.
Emcore Corp. shares rise more than 30 percent, SpaceX delays Falcon 9 launch until early January, Barstool Sports signs deal with Sirius for daily satellite radio show, and more.
Emcore Corp. shares soared by more than 30 percent on Wednesday to close at $8.45 after posting stronger-than-expected revenue totals for the quarter ended Sept. 30.
J2 Global acquires Everyday Health for $465 million, Aerovironment charger is official accessory to Chevy Bolt EV, and Heal Adds Dick Gephardt to board.
Snapchat avoids fake news with editorial team, Atom Tickets adds famous film makers to advisory board, and domain registry company XYZ gets permission to sell domains in China.
Domain registry company XYZ Inc. has been granted permission by the Chinese government to sell its dot-xyz domain suffix in China, potentially opening up a huge market to the Santa Monica startup. XYZ has sold more than 6 million dot-xyz domains globally. About 2 million of those domains were registered in China with tentative permission from the Chinese government. The firm has exclusive rights from Internet Corp. for Assigned Names and Numbers, a Marina del Rey nonprofit that administers and manages domain names, to sell the dot-xyz domain.
Bam Ventures launches incubator for Brian Lee’s ideas, Bankrupt Nasty Gal may have a suitor, Annapurna Pictures launches video game division, and more.
Bam Venture Partners has started raising a second $30 million fund which it will use, in part, to invest in and incubate startup ideas thought of by Brian Lee, co-founder of the fund and chief executive of the Honest Co. of Playa Vista. What capital isn’t used for the incubator will be invested in seed and early stage deals, similar to the sort of investments made by the first Bam Ventures fund, said Lee. The Playa Vista venture firm’s first fund was $6 million.
SpaceX aims to resume flights on Dec. 16, Breitbart hits back against boycotting advertisers, and 21st Century Fox invests in augmented and virtual reality glasses company.
Snapchat shuts down Story Explorer feature, SpaceX to carry private rover to moon, and tronc Inc. Director Michael Ferro stocks up on additional shares.
Pritzker Group Venture Capital has expanded the number of personnel in its L.A. office in order to pursue more early-stage investments in local tech companies. Partner Gabe Greenbaum and Vice President Peter Liu have relocated from the firm’s Chicago office to Los Angeles. The company also recently hired Nico Gimenez, who joined as an associate. Pritzker is particularly interested in investing in enterprise, consumer tech, healthcare IT software, as well as emerging technologies such artificial intelligence, internet of things, virtual reality.
Activision CEO becomes one of top-paid U.S. executives, Atom tickets partners with Disney for Star Wars Merchandise, and AT&T’s DirecTV launches streaming TV service.
REAL ESTATE: Oracle pays up for Santa Monica office.
Software giant Oracle increases footprint with record Santa Monica office deal.