LABJ WEEKLY EDITION
Last week’s major news from labusinessjournal.com and other sources
Boeing Co. expects to end production of its C-17 Globemaster III transport jet at its Long Beach plant three months earlier than expected.
Almost every day brings news of another investment in a startup technology company. But what makes an investor decide to bankroll one company and not another?
Seven venture capitalists discuss the key criteria they review before investing in startups.
Investment: Science incubated Dollar Shave Club and participated in the online razor club’s $1 million seed round in March 2012. Dollar Shave Club has since become one of L.A.’s hottest startups.
It began with a viral video. As soon as Mike Jones saw Michael Dubin swinging a tennis racket and riding a forklift through Dollar Shave Club’s downtown L.A. warehouse, he was intrigued.
Investment: Karlin Ventures invested in Santa Monica mobile advertising company NearWoo’s $1.2 million seed round last August.
About half of Karlin Ventures’ portfolio companies are found through incubators.
Investment: Double M participated in Santa Monica firm MomentFeed’s A round in December after having made seed-round investments in the company.
Before Mark Mullen upped his investment in social media marketing company MomentFeed late last year, he wanted to know if customers liked the Santa Monica company’s product.
Investment: Mucker participated in online tuxedo rental company Black Tux’s $2.6 million February seed round.
Everyone loves a wedding.
Investment: Upfront Ventures provided $500,000 in seed funding last April to downtown L.A.’s DailyLook, an online fashion retailer. Upfront followed that up by investing in DailyLook’s Series A round
Yves Sisteron didn’t get caught up in analysis paralysis when he decided to invest in DailyLook.
Investment: Plus Capital and AMC Networks co-led last year’s $4 million seed funding round of YouTube network DanceOn in August. Other investors include Nigel Lythgoe, executive producer of “So You Th
When Plus Capital Managing Partner Adam Lilling sat down with DanceOn Chief Executive Amanda Taylor, he got more than a good story.
Investment: Canyon Creek put a total of $530,000 in retail services tech company Bridg in April and October funding rounds.
Buck Jordan, managing partner at Canyon Creek Capital, says his firm is a “bridge fund” that targets companies between the seed and Series A stages.
Upcoming calendar of events.
Upcoming local conventions.
acquisition: Duo plans office-retail renovation for downtown Los Angeles.
Commercial property sales are surging in downtown L.A.’s Arts District as more developers and investors see potential in the once heavily industrial area.
Charles Crumpley pushes for a sea change in the way the ports are promoted and operated.
The city of Pasadena has joined with developers to bring in a more eclectic selection of shops and restaurants to draw crowds. So the Business Journal asks:
Do you patronize Pasadena’s stores and restaurants?
Tenants in rent-controlled units should help building owners bear expense of retrofitting properties.
John R. Donaldson and Joshua Marrow want soft-story apartment tenants to help financially support quake retrofitting.
Castuló de la Rocha and Jonathan Plutzik praise a program that works to get employees citizenship.
Bizainy kits make kids bosses of their own businesses.
Bizainy makes a play for young entrepreneurs with its line of business-launching kits.
Bridgepoint’s new Zouq line serves up South Asian flavors.
Bridgepoint looks to spice up the snack market with its new South Asian-influenced line.
Spanish ads pull in Hispanic customers.
Sit n’ Sleep says it’s now freeeeeee in recovering economy to launch a Hispanic ad campaign.
Daniel Singer is the 14-year-old creator of Backchat, an anonymous messaging application.
News and notes from communities across Los Angeles County
Fullscreen Inc., a Culver City-based YouTube network, has acquired ScrewAttack, a Dallas video game-focused media company.
INVESTMENT: Incubator Imprint Venture Lab forgoes tech scene to find and power up apparel, appliance businesses.
The incubator Imprint Venture Lab eyes new brands in the hope of repeating its success with Knockaround Sunglasses.
BIOTECH: MannKind stock rises after its device receives FDA panel’s OK.
Shares of MannKind climb after its inhalable insulin device receives FDA panel’s approval.
NON-PROFIT: LMG Studio offers makeovers to women after Chrysalis training.
Hair salon holds event to help women in workplace counseling program make the cut at job interviews.
LAW: Quinn Emanuel can’t put number on Elie Samaha’s worth.
Quinn Emanuel may be wondering why it repeatedly represented a client who didn’t pay his bills.
Pasadena taps eclectic lineup to pull in crowds
Pasadena looks to sell itself as a hip shopping and dining spot by courting quirky and high-end stores.