Monday, August 7, 2017
Square 1 Bank
Square 1 Bank is a division of Pacific Western Bank, a Los Angeles-based commercial bank with over $21 billion in assets. A full service financial services partner to entrepreneurs and their investors, Square 1 provides clients flexible resources and attentive service to help their companies grow. Square 1 offers a broad range of venture debt, treasury and cash management solutions through offices in top innovation centers: Atlanta, Austin, the Bay Area, Boston, Chicago, Denver, Durham, Los Angeles, Minneapolis, New York, San Diego, Seattle and Washington, DC. Pacific Western Bank is a wholly-owned subsidiary of PacWest Bancorp (NASDAQ:PACW). For more information, visit, or send an email to

HBO Hackers Leak Executive Emails
The hack over at HBO--which already has seen an early release of four upcoming Game of Thrones episodes--appears to be getting worse, as those hackers have released a month's worth of an executive's emails to The Hollywood Reporter and others. Those emails reportedly include significant confidential emails and scripts. HBO is insisting that its email systems "as a whole" have not been hacked.

posted on Monday, August 7, 2017(Full story)

AppFolio Swizzles CEO
Santa Barbara-based software developer AppFolio announced on Monday afternoon that it has named Jason Randall as the company's new President and Chief Executive Officer, as well as new member of the company's board. Randall is replacing President, CEO, and director Brian Donahoo, who AppFolio says is retiring from the company. Randall has been at AppFolio for the last nine years, most recently serving as Senior Vice President, AppFolio Property Manager. AppFolio also announced its quarterly resu (More info...)

posted on Monday, August 7, 2017(Full story)

Netflix Acquires Comic Book Publisher Millarworld

posted on Monday, August 7, 2017(Full story)

March Capital Partners Seeks $300M In Two New Funds
Santa Monica-based March Capital Partners, the local venture capital investment fund led by Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, is looking to raise a total of $300M in two new funds, according to regulatory filings from the firm released today. Those filings indicate March is looking to raise $150M in its second fund, March Capital Partners II, L.P. as well as another $150M in March Capital Opportunity Fund II, L.P.. No committments to the funds were reported in th (More info...)

posted on Monday, August 7, 2017(Full story)

Faraday Future Leases New Factory In San Joaquin Valley
Los Angeles-based electric vehicle designer Faraday Future said this morning that it has leased a new, manufacturing facility--located in the San Joaquin Valley--where it plans to start up production of its first production vehicle, the FF 91. According to Faraday Future, it has begun the process of cleaning up the site, which is based in Hanford, California, in preparation for moving in manufacturing equipment for the company. Faraday Future says it plans to eventually employ up to 1,300 worker (More info...)

posted on Monday, August 7, 2017(Full story)

InstaMed Bolsters Board
Newport Beach- and Philadelphia-based InstaMed, the venture backed operator of a heathcare payment network, has added five members to both its board of directors and advisory board. The company, which is backed by Carrick Capital Partners, said today that it has added Lewis (Lew) E. Trowbridge, the former President and COO, Blue Cross Blue Shield of Nebraska; former U.S. Senate Majority Leader William Frist, M.D., who is a healthcare investor and heart and lung transplant surgeon; Cynthia Nustad (More info...)

posted on Monday, August 7, 2017(Full story)

City of Hope Phished, Again
Duarted-based cancer treatment center City of Hope announced late Friday that it has suffered a phishing incident, where four staff member email accounts were temporarily accessed after an email phishing incident. According to City of Hope, only "limited access" to those accounts occurred after the incident, and that it does not believe there was "any actual acquisition of patient medical information." The company said it notified the Department of Health and Human Services, Office for Civil Rig (More info...)

posted on Monday, August 7, 2017(Full story)

Rocket Lab Blames Flight Failure On Contractor
Huntington Beach-based Rocket Lab, a startup which is developing satellite launch technology, has placed the blame for its terminated test flight in May on a third party contractor. The company, which was forced to terminate its test flight four minutes into its flight, blamed "misconfiguration of telemetry equipment owned and operated by a third-party contractor" for loss of signal, at an altitude of 224 km. That loss of signal forced the company to terminate its test flight before the rocket r (More info...)

posted on Monday, August 7, 2017(Full story), IndieBio Accelerator In Partnership
San Diego-based, the venture-backed, online marketplace for outsourced research, and biotech accelerator IndieBio announced this morning that the two are in a new partnership. According to the two companies, they have partnered to give IndieBio's members access to over 2,000 commercial research suppliers through's platform. IndieBio is a startup accelerated, based in the San Francisco Bay Area, which says it provides $250,000 in seed money, operational support, and in (More info...)

posted on Monday, August 7, 2017(Full story) Links Blockchain, Media Licensing With Blink
Los Angeles-based, a new, blockchain-based protocol which is aimed at enabling digital media licensing and authentication, said on Friday that it has partnered with content production company Blink, to automate licensing requests for Blink's network of photographers, filmmakers, and writers. Financial details of the deal were not announced. The two said that is developing a Bitcoin blockchain-based platform specifically aimed at facilitating distribution of digital, creative w (More info...)

posted on Monday, August 7, 2017(Full story)

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