Los Angeles Business Journal

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Online Ads Not Looking So Good

INTERNET: Industry steps up to track, counter fraudulent views.

Fraudulent ad views spur online publishers and their clients to take another look at how audiences are measured.

Credit Card Benefits Firm To Fold In Digital Wallet

FINANCE: Bankrate pockets Wallaby, which will keep its office, staff in Pasadena.

The financial tech sector in Los Angeles scored an exit last week with the acquisition of Pasadena’s Wallaby Financial Inc. by North Palm Beach, Fla., financial publisher Bankrate Inc.

Razor Vendor Makes Cut With E-Commerce Model

INTERNET: Subscriptions help Dollar Shave Club take market share from rivals.

While heads of private companies are often loath to discuss revenue figures, they often have a change of heart during periods of rapid growth.

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Site Raises Curtain on Show Biz

Sophia Loren’s son looks to foster careers in entertainment.

TakeHollywood looks to play a lead role in guiding show-biz hopefuls to careers.

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E-Discovery Firm Looks to Find Way to New CEO

INTERNET: Guidance also hopes to lock up bigger piece of cybersecurity market.

Guidance Software aims to secure a new CEO to revive its e-discovery and cybersecurity business.

‘Shark Tank’ Pitch a Wash

Alhambra “Dadpreneur” Ray Phillips was merely looking for a way to make baths more fun for children.

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Brands Weigh ‘Influence’ Decision

Internet: Marketers tout social media stars’ power; doubts abound.

Internet: Marketing firms compete to put brands under the influence of social media stars. But is paying these “influencers” worth it?

Activision Settles Shareholder Suit, Pays Itself $275 Million

Santa Monica’s Activision Blizzard Inc. has agreed to a $275 million settlement to end a shareholder lawsuit stemming from an $8 billion deal last year in which the company and an investor group regained majority control from French conglomerate Vivendi SA.

Show-Biz Veteran Sees Role for Hollywood in VC

INVESTMENT: Tony Potts plans to tap connections to fund early stage firms.

The lines between Silicon Beach’s vibrant tech scene and the entertainment industry have been blurring for some time, and they’re about to get even fuzzier.

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Message Received

INTERNET: Oracle vet Justin Nelson connects with TigerText’s focus on secure-messaging phone app for health care sector.

Oracle vet says he joined TigerText because it’s the right type of secured messaging for the health care sector.

Venezuelan Devaluation Translates Into Stock Slide

HEALTH: Herbalife shares fall 20 percent after poor quarter in vital market.

Herbalife’s share price plummets after tough third quarter thanks to Venezuela’s devalued currency.

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Bit of Stretch

APPAREL: 20Jeans ditches name, $20 price tag as company looks to sew up more sales of its high-quality denim.

Newly renamed jeans maker DSTLD decided its previous $20 price point didn’t fit its expansion plans.

Health care hospitals

Biotech sector slow to take root as businesses leave seeking seed money

Sector sees promising startups check out of Los Angeles in search of money.

Pair of UCLA Ventures Dial Up Phone Services

MOBILE: Holomic works on diagnostic reader; ReVolt focuses on dirt charging.

Two groups of entrepreneurs at UCLA are using smartphones to bring key technological advancements to the developing world.

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Foreign Entrepreneurs Click in L.A.

TECHNOLOGY: Tapatalk joins wave rolling into Silicon Beach.

L.A.’s growing scene pushes all the right buttons for foreign-born tech entrepreneurs.

Surfer Goes for Broke

A surfer for 14 years, MomentFeed Chief Executive Robert Blatt, 54, woke up before dawn about a month and a half ago to hit the waves at Topanga State Beach.

Venture Firm at Home With In-House Businesses

INVESTMENT: Zuma also says ‘studio’ model to offer chance at earlier exits.

New tech-focused capital firms home in on a “studio” model in which business ideas originate in-house.

L.A. Awarded New MLS Team

Los Angeles will have two professional soccer teams again in 2017. Only three days after Chivas USA shut down, Major League Soccer announced that a new team had been awarded to an ownership group led by venture capitalist Henry Nguyen, Los Angeles Dodgers co-owner Peter Guber and former NBA executive Tom Penn.

Judge Tosses Dictator Noriega’s Lawsuit

A Los Angeles judge has thrown out former Nicaraguan dictator Manuel Noriega’s lawsuit against Santa Monica’s Activision Blizzard Inc. for using his likeness in its Call of Duty video game without permission.

FBI Veteran Joins Board of Marijuana Machine Maker

West Hollywood’s Medbox Inc., a maker of marijuana dispensing machines, has added a former FBI assistant director of security to its board of directors.

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Online Network Channels Retail

INTERNET: AwesomenessTV sold on value of pop-up shop.

INTERNET: YouTube network AwesomenessTV says it will have a lot in store for fans at its pop-up shop.

Entertainment Search Engine Finds Way to Series A

INTERNET: MediaHound adds social component to perusing online retailers.

Tech startups in Los Angeles are figuring out ways to help consumers navigate the increasingly fractured world of media consumption.

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Marketer Hopes to Make Points With E-Sports Fans

Video Games: Demand for live events directs new business to NCompass.

Video Games: NCompass International works to help live e-sport competitions score a higher profile.

New Ventures Look to Work Job-Hunting Market

Technology: Pair to use competition element: one for hirers, the other for seekers.

Two ventures with decidedly different takes on job hunting have debuted in Los Angeles, their approaches ranging from the ridiculous to the sublime.

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Chat Site Found Voice in Video

Internet: Streamup rebranded as broadcaster to draw audience.

Internet: Former chat site Streamup now speaks to more users as a video-broadcasting platform.

SoftBank Invests $250 Million in Legendary

Tokyo telecom giant SoftBank Corp. will invest $250 million in Burbank’s Legendary Entertainment in a deal that values the studio at roughly $3 billion, according to a report.

Soon-Shiong’s NantHealth Raises $250 Million From Kuwait Fund

NantHealth, the health care technology division of billionaire Patrick Soon-Shiong’s Culver City holding company NantWorks LLC, said Wednesday it has raised $250 million in additional funding from the Kuwait Investment Authority.

Lawyer Joins L.A.’s Farm Team

His life might not exactly mirror “Green Acres,” but L.A. native Jerrold “Jerry” Bregman could feel as if he’s starring in a reprise of the old TV show.

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Satellites to Play Big Role for Studios

FILM: Digital coalition beaming over cost savings for distribution.

Local coalition projects satellite distribution as the cost-saving future for movie houses.

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YouTube Stars Try Next Stage

Internet: Fullscreen live show reels in marketers, screaming teens.

Fullscreen mounts a live production to help its YouTube stars show their stuff to marketers and fans.

Pasadena Proves Popular As Center of Enterprise

SURVEY: Almost one-third of city’s tech companies self-identify as B2B.

Andy Wilson, co-chairman of Innovate Pasadena, has for a while had a hunch that his city was home to a number of tech companies focused on the enterprise market.

Downtown Investor Caught in Laundering Sweep

A downtown L.A. investor who recently purchased a prominent South Park development site was among those arrested last week when federal agents raided the Fashion District in connection with an alleged money-laundering scheme for international drug cartels.

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Northrop Aims to Land Big One

Aerospace: Winning bid for spacecraft could lift entire sector.

A winning bid by Northrop Grumman to develop a space plane could help the local industry take wing.

Northrop Aims to Land Big One

The Defense Advanced Research Projects Agency wants to build an unmanned plane that can fly into space and land back on Earth, and Northrop Grumman Corp. and its partners are trying to figure out how to do it.

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On Move

Boingo Wireless Chief Executive David Hagan has real connection with racing vintage cars.

Interview: Boingo Wireless’ David Hagan likes to disconnect from running mobile networks by racing cars.

New Massage Apps Hope to Rub Users Right Way

Technology: Pair of businesses help customers order in therapists.

It’s becoming a lot easier to get a professional massage in Los Angeles.

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Picture This: Paid Assistant to Snap Your Shots

Travel: Bruvion’s service for vacation photographers costs clients $500 a day.

Travel: Bruvion develops picture-taking service where clients pay photographers to join them on vacation.

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Different Tune

Your Music gives crowdfunders slice of song profits

Your Music cues up a new model for crowdfunding artists offering a slice of profits for small investors.

Text Exec Sends Message

Dez White, founder of free ephemeral messaging app Invisible Text, is excited to head to New York this month to kick off her work with the Clinton Global Initiative.

Different Tune

L.A. pop artist Georgia Jane can thank her grandfather for helping kick-start her professional music career – one that has turned out to be groundbreaking and, so far, unique.

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Online Shows Tapping TV Talent

internet: YouTube producer channels small-screen vets, sponsor.

Content & Co. looks to channel TV veterans and corporate sponsorship into a successful YouTube show.

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Retro Draw

ARCHITECTURE: Late Richard Neutra’s former office to serve as museum for L.A.-synonymous style.

Richard Neutra’s son has designs on turning his and his late architect father’s former office into a museum.

Retro Draw

If you’re a fan of AMC’s “Mad Men,” then you’ve probably seen actor Jon Hamm lounging in sleek midcentury modern office furniture while sipping a stiff drink as his iconic character, Don Draper.

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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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