Friday, February 24, 2012Los Angeles Becomes YouTube's Content Hub With New Playa Vista StudioThe Los Angeles area is fast becoming the content hub for online video site YouTube, a position that takes advantage of both the LA region's long history in the entertainment business, and the rise of a slew of startups producing content specifically aimed at the YouTube audience. According to a property developer in Playa Vista, YouTube has signed an 11-year lease for a 41,000 square foot office building in the location. The new studio--which was first uncovered by the Hollywood Reporter--is in (More info...)
posted on Friday, February 24, 2012(Full story)
Totem Targets Businesses With Equipment BuybacksSan Diego-based Totem, a startup which buys and recycles used iPhones, BlackBerry, Android, tablet, and other devices from consumers and businesses, has recently launched a corporate division to buy back unwanted corporate equipment. The startup--headed by entrepreneur Nicholas Fiorentino--provides an online quote to purchase used equipment from both consumers and businesses. The firm came out of Fiorentino's efforts to initially buy used and broken iPhone and Craigslist, which he discovered was (More info...)
posted on Friday, February 24, 2012(Full story)
Interneer Reports Record GrowthLos Angeles-based Interneer, a developer of software-as-a-service for the business process management market, reports that it had "record growth" in 2011. The firm, which did not disclose actual financial details or any growth figures, said its customers now include include Host Hotels & Resorts, Inc., Silliker, Inc., Jacobs Engineering Group, Inc., and Akzo Nobel, among others. Interneer is headed by Romeo Elias. Interneer's software helps automate business processes.
posted on Friday, February 24, 2012(Full story)
Milyoni Finds Funding, Sets Up LA OfficeA Bay area developer of social entertainment applications for Facebook, Milyoni, said Friday that it has scored $11M in a funding round, in part to open up an office in Los Angeles. The firm said the Series B funding was led by Oak Investment Partners, and also included ATA Ventures and Thomvest Ventures. Milyoni also said it will be opening up a New York office. The company did not say why it decided on a Los Angeles office, however, the firm has a significant number of relationships with studi (More info...)
posted on Friday, February 24, 2012(Full story)
Interview with Neil Malhotra, Sandalbay LifeSouthern California has seen a surge in accelerators and incubators looking to spawn new startups in the region. Among those startups is Sandalbay Life, a new healthcare IT firm which is resident at Los Angeles-based StartEngine, the accelerator being run by Howard Marks. Sandalbay Life is actually run by a serial entrepreneur with ties to Marks, Neil Malhotra. Malhotra co-founded Acclaim Games with Howard Marks, and has worked at eCompanies and eMind. We talked with Malhotra the other day at St (More info...)
posted on Friday, February 24, 2012(Full story)