Los Angeles Business Journal

Ex-Phone Exec Placed on Hold

Technology: FTC alleges Lin Miao ran ‘cram’ bill scam.

Internet – Cellphone scam allegations could trip up tech incubator founder’s businesses.

Tease photo

Movie App Raises Seed Round

West Hollywood’s MyLingo announced Thursday it has raised $750,000 in seed funding from unnamed angel investors.

Temporary Message App Speaks to Surprise Investor

INTERNET: Snapchat pulls in $50 million from fund that rarely backs tech.

Temporary message app Snapchat connects with surprise investor to raise $50 million.

CallFire Names New CEO

The company said Friday it has promoted Ron Burr, formerly the company’s chief revenue officer. He replaces CallFire co-founder Dinesh Ravishanker, who has left the company.

TrueCar Raises $30 Million

Abhishek Agrawal, who heads Vulcan’s growth equity investments, will join TrueCar’s board.

Snapchat Raises Another $50 Million

Snapchat, the Venice messaging startup, has filed documents with the Securities and Exchange Commission saying it has raised another $50 million.

Tease photo

Saatchi Online Taps New Chief

The Culver City company on Tuesday announced that it has appointed Sean Moriarty to lead the business. He replaces interim chief executive Margo Spiritus.

Tease photo

Shift Raises Round for International Expansion

Santa Monica marketing tech startup Shift is making a push into overseas markets with the help of a $6 million capital infusion from London investor DN Capital.

Young Turks Crowdfund New Studio

TYT Network, a multichannel network that airs episodes of political talk show “The Young Turks,” last month moved into a 6,000-square-foot office in Culver City.

Document Site Deal Good on Paper to Buyer

Internet: Docstoc takes small-business focus to new parent Intuit.

Internet: Online document provider Docstoc signs paperwork to be acquired by financial software company Intuit.

Tease photo

Date App Makes Move on Friends

Internet: Tinder gets serious about moving beyond romance.

When it launched last year, Tinder Inc. was just another dating app trying to score at local college campuses. But since then, the West Hollywood startup has vaulted into the pop culture lexicon.

Tease photo

Rubicon Reportedly Mulling IPO

The Playa Vista ad tech firm is looking to debut on the stock market next year and has hired Morgan Stanley and Goldman Sachs to lead the initial public offering, Bloomberg News reported late Thursday.

Card.com Raises $3 Million to Issue Credit Cards

The round was led by QED Investors, the private fund of Capital One co-founder Nigel Morris.

Intuit to Acquire Docstoc, Document Firm Serving Small Business

Terms of the deal, which is expected to close by the end of January, were not disclosed.

Tease photo

Former Snapchat HQ Available to Lease

The 2,600-square-foot property known as Blu House is available for a monthly price of $6.40 per square foot.

Newegg Opens First Retail Location

The e-commerce company, which primarily sells electronics, opened the retail location – attached to its warehouse – on Nov. 29, Black Friday, a day when traditional retailers typically offer big discounts.

Content Creator Struggles To Turn Around Traffic

Internet: Demand looks to domain-name business and new CEO for lift.

Demand Media hopes a new CEO and the spinoff of its domain-name business will supply answers to its revenue problem.

Machinima Names President

The Hollywood company said late Tuesday that veteran Internet executive Stephen Semprevivo has assumed the role.

Date Site Operator Finds Little Love on Wall Street

INTERNET: Majority shareholder’s sell-off plan fuels drop in Spark’s stock.

Internet: Investors are just not that into dating site operator Sparks after its largest shareholder plans sell-off

Video Startup Chill to Shut Down

The L.A. site, an online distributor of videos from independent filmmakers, will shut down permanently on Dec. 15.

Nasty Gal Sues Alleged Copycat

The company filed a lawsuit on Monday alleging that the owner of NewNasty.com is infringing on Nasty Gal's trademark.

No Investor Love for Spark Networks

Boston private equity firm Great Hill Partners, which is Spark's largest shareholder with 19.7 percent, gave notice that it intended to sell its shares Tuesday.

Tease photo

'Magic Flute' Goes High Tech

The multimedia rendition, which comes from British theater group 1927, first premiered in Berlin last year. It will make its U.S. debut at the Dorothy Chandler Pavilion on Nov. 23.

Tease photo

Scoutfit Launches Online Shopping Tool

Scoutfit's technology scans hundreds of e-commerce sites for price changes and sales.

FreedomPop Expands Service

This is the first time FreedomPop will be available on phones other than the HTC.

Tease photo

L.A. Tech Firms Top List of Fastest Growing Private Companies

Tablet manufacturer Fuhu Inc. topped the list with $118 million in revenue last year.

Tease photo

Fuhu: All Grown Up

SPECIAL SECTION: Fastest Growing Private Companies

Fuhu gets its hands on the top spot of L.A.’s fastest growing private companies thanks to its kids’ tablets.

Cornerstone Launches Startup Investment Fund and Incubator

Talent management software firm Cornerstone OnDemand has launched a fund and incubator program to work with cloud technology startups.

FlightCar Expands Car Sharing to LAX

FlightCar already services San Francisco International Airport and Boston's Logan International Airport.

Restaurant Tech Firm Rebrands

EMN8, a Century City startup that provides ordering technology to restaurants, has rebranded as Tillster.

Honest Co. Raises Round for International Expansion

The round, announced Monday, was led by Institutional Venture Partners and included investments from Iconiq Capital and existing investors Lightspeed Venture Partners and General Catalyst Partners.

Ninja Metrics Raises $2.8 Million

The funding coincides with the release of Ninja's analytics platform, the Katana engine, which analyzes the actions of video gamers to determine which player is the most influential in driving friends to spend money on a game.

Myspace Lays Off 5 Percent of Staff

Myspace, acquired by Irvine’s Specific Media in 2011 for $35 million, has laid off 5 percent of its staff, according to a source familiar with the company.

ShoeDazzle Could Face Layoffs

The e-commerce startup filed a notice with the State of California that it planned to eliminate 52 mostly customer service positions, roughly 10 percent of its overall staff, by the end of the year.

Boingo Beats Guidance

The company lowered its guidance for the full year, estimating a net loss of up to 6 cents per share and revenue between $106 million and $108 million.

Demand Reports Losses, Declining Revenue

The Santa Monica media company announced Thursday a third-quarter net loss of $10.4 million (-12 cents per share), compared with a net income of $3.2 million (4 cents) in the same period last year.

Activision Raises Outlook

The "Call of Duty" publisher reported third quarter net income of $56 million (5 cents per share), down from $226 million (20 cents) during the same period last year.

Tease photo

SocialVibe Becomes TrueX

SocialVibe has been renamed TrueX Media and the company's interactive advertisement service is now called TrueAttention.

Beats Electronics Names COO

Beats also announced Wednesday that President Luke Wood has been appointed to the board, which includes co-founders Dr. Dre and Jimmy Iovine and three unnamed independent directors.

J2 Profits Miss, Revenue Grows

Revenue for the quarter was up 37 percent to $128 million.

Tease photo

Demand Unveils Name of Domain Business

The domain business will be called Rightside Group Ltd. and will be led by Taryn Naidu, who is currently executive vice president of domain services for the Santa Monica media company.

Cornerstone Reports Revenue Growth

Third quarter revenue was up 57 percent to $48.3 million.

Tease photo

Machinima to Distribute on Twitch

The partnership began Monday, the same day it was announced, with a seven-day marathon of "Call of Duty: Ghosts."

Tease photo

Message App Company Still Connects With Venice

Internet: Snapchat will remain in neighborhood but pursues more space.

Internet: Maker of temporary-message app Snapchat looks like it will remain in Venice for the long haul with a move to bigger offices

Re-Engaged

INTERVIEW" Neil Clark Warren didn’t let his age stop him from retaking the reins at dating site eHarmony.

Interview: Neil Clark Warren saw himself as a perfect match to return and revive eHarmony as chief executive

Hyperloop Company Forms

Hyperloop Transportation Technologies Inc. has launched to develop a prototype of the high-speed transportation system that would take travelers from Los Angeles to San Francisco in 35 minutes.

J2 Acquires UK Cloud Company

The Hollywood Internet company announced Thursday that is has purchased EPA Cloud, which provides secure email services such as email hosting and archiving.

Tease photo

Snapchat Moves Venice HQ

The company signed a lease in June for 6,000 square feet at 63 Market St. in Venice and has moved some if its staff to the site, a block from the beach.

Brighter Takes Shine to $15 Million More

The series C round was led by Menlo Park venture firm Tenaya Capital and includes existing investors Mayfield Fund and Benchmark, both also in Menlo Park.

Fullscreen Launches Service for Brands

Called Channel+, the service provides clients with a dedicated team to oversee the day-to-day operation of the brand's YouTube channel.

Prev