UCLA School of Law Establishes Student Entrepreneurship Competition

The competition, which includes a $100,000 prize, is the first of its kind sponsored by a top American law school.

From UCLA:

UCLA School of Law has established the Lowell Milken Institute-Sandler Prize for New Entrepreneurs (“LMI-Sandler Prize”), an entrepreneurship competition designed to recognize student innovation and leadership and support the real-world launch of promising new business ventures. The competition, which includes a $100,000 prize, is the first of its kind sponsored by a top American law school. It was established through gifts totaling more than $500,000 from the Lowell Milken Family Foundation and the Richard and Ellen Sandler Family Foundation.

“The LMI-Sandler Prize is a completely new way to reward law student achievement and promote the entrepreneurial ambitions of UCLA Law students and recent graduates,” UCLA School of Law Dean Rachel F. Moran said. “The competition will provide students with an opportunity to put the principles of entrepreneurship into practice and to use their law school education as a path to careers marked by fresh perspectives and bold initiatives…”

READ FULL PRESS RELEASE [web]

#SBF Reveals What’s Next On The L.A. Tech Horizon

Silicon Beach Fest was a rousing four-day phenomenon.

From Neon Tommy:

“With 300-plus speakers and more than 2,000 industry professionals in attendance, Silicon Beach Fest welcomed the brightest minds in the L.A. tech scene to discuss new ideas, introduce disruptive technologies and share a glimpse into our collective, connected future. The third-annual, four-day event took place throughout various locations in Santa Monica, attracting not only developers and techies, but Hollywood executives, startup CEOs, city officials and everyone in between.

At a panel on digital video content, YouTube celebrities shared their experiences and successes in the ecosystem of the online video world where megolith multi-channel networks (MCNs) and independents battle for eyeballs, analytics, audiences and ad dollars…”

READ FULL ARTICLE [web]
SBF Speakers [web]
Silicon Beach Fest: Catching Up With Kevin Winston [web]

The Sprawling, Booming LA Tech Scene Is Having a Moment

LA is and always has been a city that creates mass-market products. We’re closer to culture than Silicon Valley, so we’re crushing it in social mobile. Web 2.0 might have been there. Web 3.0 is here. -Mike Jones, Science

“From Santa Monica’s manicured pool houses to the new downtown e-commerce warehouses, from a bland glass office park in Irvine to a grand old frat house in West Adams, Los Angeles tech is having a moment.

So why are there still so many surfboards?

There they were, six of them propped behind the coding crew at Internet personalization company Gravity in Santa Monica. At the front desk of Cooley, the favorite law firm of LA startups like Snapchat, a surfboard adorned the corporate logo. One leaned against the pool house at secret-sharing site Whisper. At Oculus VR, a virtual-reality headset company in Irvine, there was a small sandbox in the conference room, complete with chaise and parasols.

“You saw our beach?” said Oculus CEO Brendan Iribe, winking before settling into the conference room to talk about how he sold his company to Facebook for $2 billion a few weeks before. “It’s fun, right?”

READ FULL ARTICLE [web]
The Battle over “Silicon Beach” [web]

Cross Campus opens shop in Old Pasadena

We’ve been hearing from a lot of folks that there is a real need for collaborative workspace here in Pasadena. Many of our westside members will be excited that we’re adding an eastside component to our network.

From Pasadena Star-News:

“A new center for business innovation and collaboration is about to land in Pasadena and the venture already has an impressive pedigree.

Cross Campus, a collaborative, on-demand work space and business event venue in Santa Monica, announced this week that it will be opening a second campus at 87 N. Raymond Ave. in Old Pasadena.

The new location is expected to open in the fall and will include nearly 16,000 square feet housed in three different floors…”

READ FULL ARTICLE [web]
Cross Campus [web]

Seeking $115 Million, Santa Monica-based Biotech, Kite Pharma, Files for IPO

Kite Pharma is a clinical-stage biopharmaceutical company focused on the development and commercialization of novel cancer immunotherapy products

From Kite Pharma:

“Kite Pharma, Inc., a clinical-stage biopharmaceutical company focused on developing engineered autologous T cell therapy (eACT™) products for the treatment of cancer, today announced that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to a proposed initial public offering of shares of its common stock. All shares of common stock to be sold in the offering will be offered by Kite. The number of shares to be offered and the price range for the offering have not yet been determined.

Jefferies LLC, Credit Suisse Securities (USA) LLC and Cowen and Company, LLC are acting as joint book-running managers for the offering. Stifel is acting as co-manager…”

READ FULL PRESS RELEASE [web]
Kite Pharma, Inc. [web]

UCLA Startup, ImaginAb, Closes $21 Million Series B Financing

UCLA brainchild ImaginAb has hauled in another $21 million in venture cash to advance its antibody-re-engineering technology

From FierceBiotech:

“UCLA brainchild ImaginAb has hauled in another $21 million in venture cash to advance its antibody-re-engineering technology, a biotech approach to imaging that the company believes will help personalize treatments for cancer and immune disease.

Mérieux Développement, the investment arm of French life sciences outfit bioMérieux, led the latest round, joined by repeat investors Novartis ($NVS), Cycad Group and Nextech Invest. Each is betting ImaginAb’s novel take on imaging agents will help investigators better understand disease and match patients to their ideal therapies…”

READ FULL ARTICLE [web]
Read Press Release [web]
About ImaginAb [web]

10 Most Well-Funded Startup Neighborhoods in LA

Why are there so many funded startups on the Westside?

From builtinla:

“The Internet’s ability to flatten national borders, shorten distances and hyperlink individuals would seem to make the physical location of a business completely irrelevant. Yet tech, the industry that appears least tethered to the ground, tends to cluster around specific locations.

Within the LA tech community this is no exception. By mapping Built In LA’s 2013 digital funding startup data across LA zip codes, it’s clear that a huge majority of funded businesses in LA reside on the Westside.

Intuitively, this is not surprising because Santa Monica and Venice-based companies are frequently in the headlines. However, the degree to which companies based in these areas receive funding shows a tech ecosystem thriving mostly on the Westside. In total, companies headquartered within Westside zip codes received $741 million of funding out of approximately $1.1 billion invested in greater LA in 2013…”

READ FULL ARTICLE [web]