Wednesday, April 24, 2019
Recurring Revenue Conference - April 30 to May 1st - Marina Del Rey
Welcome to the 5th annual Recurring Revenue Conference: Scaling SaaS & Subscription Businesses presented by Sutton Capital

Join 700+ entrepreneurs, executives and leading investors to discuss the Subscription Economy. Hear from companies including Zenefits, Mavenlink, Dollar Shave Club, ipsy, Sage Intacct, ProfitWell, Headspace, Winc and many more.

Attend the pre-conference workshop on April 30, 1-5pm followed by Happy Hour. Real tactics and actionable takeaways.

Interested in Sponsorship or exhibiting? Contact: Nancy Hammerman

Register today! Use Promo Code: SoCalTECH to get 20% discount. Tickets and info:

Down To Shop Snags Funding For Funny Shopping App
Los Angeles-based Down To Shop, a startup which combines humorous videos, a mobile app, and shopping, has scored funding from Greycroft Ventures, Lerer Hippeau, and Firstmark, the company said this week. Financial details of the funding have not been announced, but the company previously raised around $5.9M in a funding round in 2018, based on regulatory filings from the company. The startup was founded by Cyrus Summerlin and Max Hellerstein. Down To Shop's shopping app -- which currently runs o (More info...)

posted on Wednesday, April 24, 2019(Full story)

Qulab Applies Artificial Intelligence To Drug Design
Los Angeles-based Qulab, a biopharmaceuticals startup developing artifical intelligence software aimed at small molecule drug design, said on Wednesday that it has launched its first product, Quleap. The startup--backed by Cota Capital, Civilization Ventures, Plug and Play, and 415--says that Quleap automated small molecule, synthesis planning, and a cloud engine for simulating biomolecules. Qulab is the brainchild of founder and Cel Alireza Shabani, who most recently was part of the Google Quan (More info...)

posted on Wednesday, April 24, 2019(Full story)

Perspectium Finds $8M For Service Management Integration Tools
San Diego-based Perspectium, which develops software for service management integration, has raised $8M in its Series B funding round, according to the firm. The investment came from TVC Capital. According to Perspectium, the new funding will help it continue expansion to global markets, and launch new products. Perspectium is led by CEO David Loo; the company's software specifically goes to help connect together enterprise applications, with features such as data synchronization and data migrat (More info...)

posted on Wednesday, April 24, 2019(Full story)

How Rolebot Wants To Eliminate The Resume, With Shane Bernstein
Anyone who hires anyone, or has ever looked for a jobs knows how important a resume is. However, in the technical arena--as a programmer, developer, or software engineer--it's hard to tell from a resume how good you really are. Plus, it's often difficult to find that technical talent, which might not be looking for a job. That's where Los Angeles-based Rolebot ( comes in. The startup has developed a system which uses information from online forums, source code sharing, technical (More info...)

posted on Wednesday, April 24, 2019(Full story)

EvoNexus Launches Fintech Startup Effort
San Diego- and Irvine-based startup incubator operator EvoNexus says it is looking to attract financial technology (fintech) startups, and is now accepting startup applications for a new financial technology incubator it has launched with Franklin Templeton and Royal Bank of Canada. Acording to EvoNexus, it is seeking early stage companies with emerging financial technology to the new fintech incubator program. EvoNexus says it is particularly interested in companies working in the areas of arti (More info...)

posted on Wednesday, April 24, 2019(Full story)

Clubspeed Collects $20M
Corona, California-based Clubspeed, a software developer which develops software used by entertainment and activity centers to manage their business, has raised $20M in a funding round, according to investor Bellwether Financial Group. Bellwether said it joined Navadon Capital Partners in the $20M funding round, which gives the two companies a majority interst in Clubspeed. Clubspeed's software is used to manage both racing facilities and trampoline parks, handling everything from receipts and p (More info...)

posted on Wednesday, April 24, 2019(Full story)

Two Bit Circus Aims At Game Developers, Offers Up Game Experiences
Los Angeles-based Two Bit Circus, which has a "micro amusement park" which incorporates technology, games, entertainment, and more in its own physical, 38,000 square foot space, is offering up a new program which seeks to link with game developers. According to Two Bit Circus, it has launched a new "Park as a Platform", where it will work with game developers to adapt those games and experiences for "location-based entertainment". According to Two Bit Circus, it will help those game developers s (More info...)

posted on Wednesday, April 24, 2019(Full story)

Snap Sees Active User Increase, But Still Seeing Steep Losses
Santa Monica-based Snap Inc., the parent firm of Snapchat, reported its quarterly results on Tuesday afternoon, saying that its daily active users (DAU) increased by 2 percent quarter-to-quarter, to 190 million. However, Snap continues to post steep losses, saying it had a net loss of $310M in Q1 of 2019, on revenues of $320M. Its Q1 revenues were up 39 percent compared to last year. Among other highlights of the quarterly results, Snap said that its recent update of its Android application--whi (More info...)

posted on Wednesday, April 24, 2019(Full story)

Peak - OKR Planning for Growth Companies and Venture Capital Firms by Collective Genius
If you wanted to reach the peak of Mount Everest, you wouldn’t just gather a few friends, buy some supplies, and start hiking. Similar to building a growth company, you wouldn’t just hire a few people, build some products, and win a market.

Peak is a facilitated annual/quarterly leadership team OKR planning session for emerging growth companies and venture capital firms. It's a one day leadership team session to create company focus and clarity around a three year vision, one year plan, and quarterly priorities. With the vision and plan set, Peak provides leadership tools and systems to keep the team on track.

To learn more and schedule a 45 minute walk through meeting contact us at or by phone 424.259.3036.

Collective Genius - Planning and Recruiting for Emerging Growth Companies and Venture Capital Firms.

BDO - Southern California Technology Industry Team
BDO USA, LLP is a professional services firm providing assurance, tax, and
advisory services to publicly traded and privately held companies through
more than 60 offices domestically and 160 countries globally. Our
Southern California technology industry team professionals have deep experience helping online, software, hardware, and cleantech businesses in the local ecosystem to navigate the many issues affecting their businesses and to help them meet their larger strategic goals. Our team provides a wide range of guidance in the key issues effecting technology companies including, M&A advisory, initial public offerings, tax planning and consulting, intellectual property agreements, financial reporting and regulatory compliance matters. For more information, please contact our LA Technology leaders Anthony Ferguson, Tim Clackett, and Kris Kaufmann at

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Become a SPONSOR or SOCALTECH SUPPORTER! Our sponsors and supporters are featured on our website, and online service provider directory, as well as in our newsletter multiple times per week. It's a great way to both get the word out about your services, as well as support our news coverage of local companies across the tech industry!

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Stubbs Alderton & Markiles Preccelerator
Accelerating Growth for Early Stage Innovation

The Preccelerator® Program is a platform offered to select start-up companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides interim office space, sophisticated legal services, mentorship and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. The Preccelerator® Program provides these benefits to as many as 10 promising young startups in separate growth tracks.

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