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BUSINESS
June 21, 2010 | By Karen E. Klein
Dear Karen: I'm looking for venture capital funding for a biotech firm. Any suggestions? Answer: Don't waste your time approaching generic investment firms. "There are venture capital funding groups devoted specifically to life sciences endeavors, and such funding groups are a good starting point for biotech start-ups seeking investment dollars," said Eva Jack, managing director of venture capital firm MedImmune Ventures. And be persistent. U.S. venture capital investment fell by nearly half last year compared with 2008, according to the MoneyTree Report, a study from the National Venture Capital Assn.
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ENTERTAINMENT
April 22, 2014 | By Joe Flint
It is about the size of a dime and light as a feather. But in the eyes of the broadcast television industry, an Aereo antenna might as well be a hundred feet tall and weigh a thousand pounds. The big networks claim it is illegal and could destroy everything they hold dear. On Tuesday, the Supreme Court will hear arguments from both sides, and the results could have major implications for the future of television. Launched in 2012 by Chaitanya "Chet" Kanojia, an Indian-born engineer with 14 patents, Aereo enables consumers to stream and record on the Internet the over-the-air signals of local broadcasters via remotely stored antennas.
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BUSINESS
November 3, 2009 | Jerry Hirsch
The e-mail from an executive at Ford Motor Co. was blunt and direct. "I do not have any interest in pursuing anything," the official wrote one of the company's parts developers in Escondido earlier this year, as the auto industry was sliding into an historic meltdown. That was how tiny KVA Stainless Inc., a 5-year-old start-up working to develop lightweight, gas-saving stainless-steel components for Ford, got dumped and how it found a new direction on the shop floor. The e-mail presented a challenge for KVA founder Ed McCrink, an 88-year-old entrepreneur whose long career included developing other steel businesses and a smoke alarm company.
BUSINESS
April 18, 2014 | By Chris O'Brien
SAN FRANCISCO - With venture capital funding reaching levels not seen since the days of the dot-com bubble, analysts say the question of whether the tech boom in Silicon Valley is on the verge of sputtering is getting harder to dismiss. Investors poured $9.5 billion into 951 U.S. start-ups during the first three months of 2014, according to the latest MoneyTree report released Friday. That's the biggest amount of investment since the second quarter of 2001, when the so-called dot-com boom was gasping its final, dying breaths.
CALIFORNIA | LOCAL
May 4, 1989 | LEONARD BERNSTEIN, Times Staff Writer
A spokesman for the Nuclear Regulatory Commission said Wednesday that there is no danger in restarting a reactor at the San Onofre nuclear power plant, despite the discovery of three broken bolts in the supports that hold up its "thermal shield." Greg Cook, public affairs officer for the NRC's Western office, said the NRC is prepared to allow the start-up of reactor unit No. 1 if Southern California Edison submits written documents agreeing to conditions worked out in a meeting between the utility and the NRC Monday.
ENTERTAINMENT
January 29, 2009 | City News Service
The California Endowment has committed more than $95,000 to support start-up activities for the recently launched Nathaniel Anthony Ayers Foundation, it was announced Wednesday. The foundation, which bears the name of a homeless musician profiled by Los Angeles Times columnist Steve Lopez, will support organizations that provide arts programs to the mentally ill.
BUSINESS
June 18, 2009 | TIMES WIRE REPORTS
A start-up automobile company plans to assemble a new fuel-efficient car in Louisiana and employ an estimated 1,400 people once production starts, state and company officials announced. San Diego-based V-Vehicle Co. will take over a vacant plant in Monroe, Gov. Bobby Jindal said. Former Oracle Corp. executive Frank Varasano, who founded V-Vehicle in 2006, said the company has applied for $340 million in loans from the federal government. Company Vice President Horst Metz said production would begin in about 18 months.
OPINION
May 17, 2002
I thought I had heard it all. A leaking bottle of vodka causes evacuation of the Fluor Daniel engineering facility and requires a hazardous rescue team to treat the victims (May 14). Where are the men and women who worked in the design and start-up of chemical plants throughout the world? I hope that there are a few old engineers still there who can explain to these babies what a bottle of vodka is and what it is good for. Don Knypstra Studio City
BUSINESS
March 15, 1992
Tom Petruno poses a number of rhetorical questions regarding the proposed capital gains tax reduction, "A Return to Rational Rates" (Jan 29): "If I risk my money in a productive business, shouldn't I be rewarded? Shouldn't one be rewarded for investing in a start-up business, or in the stock market?" I think, for most people, the answers would be yes. The key phrase here, however, is "productive business." I'm no economist, but I do know quite a number of wealthy people. And I can tell you, none of them invest in start-up businesses.
BUSINESS
August 24, 1997
Kenneth J. Artingstall ("Understanding the Critical Role of Capital Is Essential," Letters, Aug. 3) makes a reasonably good argument for capital gains tax cuts, except he forgets that capital gains, and, yes, losses, for most individuals come from buying and selling listed stocks on the New York Stock Exchange or Nasdaq. I would like someone to explain how my purchase of 3M, Xerox or MCI from an unknown seller, who may have bought it only three days before, has improved economic growth or helped create jobs.
BUSINESS
March 18, 2014 | By Shan Li and Abby Sewell
Chinese automaker Build Your Dreams is close to losing a $12-million contract to deliver a fleet of electric buses to Long Beach Transit, a deal the company hoped would jump-start its U.S. operations. Federal transit officials said that BYD violated some regulations that made it ineligible to bid in the first place. Both sides are in talks to determine how to best exit the contract ahead of what is expected to be a new round of bidding. It would mark a big setback for the Chinese company, which outbid four rivals last spring to build 10 electrically powered buses for Long Beach.
BUSINESS
February 21, 2014 | By Jessica Guynn
SAN FRANCISCO - The $19 billion that Facebook Inc. is paying for a smartphone app, one of the biggest tech deals of all time, made jaws drop even in Silicon Valley, where entrepreneurs tend to have an inflated sense of their own worth. "It's 19 Instagrams," observed serial start-up entrepreneur Adam Rifkin, referring to the $1 billion Facebook paid for the popular photo-sharing app in 2012. But analysts say the purchase of WhatsApp could pay off for Facebook as it takes on Google Inc. and other technology giants in the escalating arms race to be the next big thing in mobile.
BUSINESS
February 17, 2014 | By Shan Li
Joey Mucha used to seal a business deal with a handshake or an e-mail. Now he whips out his smartphone. The San Francisco entrepreneur runs a side business renting out skee ball machines. With the company growing steadily, Mucha decided last year he needed to use contracts to protect his clients and the business. But he didn't go to a pricey lawyer. Instead, the 27-year-old downloaded a smartphone app called Shake. It guided him through the process of creating easy-to-read contracts, which customers can then sign with a swipe of their fingers on the screen.
BUSINESS
February 16, 2014 | By Andrew Hill
How to get big - without getting bloated - is one of the greatest challenges facing growing businesses. Start-ups want to know how they can expand without adding layers of deadening process. At the same time, large companies want to know how to replicate the creativity and innovative prowess of start-ups without triggering an anarchic free-for-all. Drawing on the authors' own and others' insights, "Scaling Up Excellence: Getting to More Without Settling for Less" promises many answers to those pressing questions.
BUSINESS
February 2, 2014 | By Ronald D. White
The bitterly cold winter weather has helped to chill sales for teen apparel companies, especially one with a focus on summer and surf clothes and that California lifestyle. For Pacific Sunwear of California Inc., the freezing temperatures that stretched across the country and deep into the South is putting the icing on a difficult fiscal fourth quarter, which ended Feb. 1. PacSun, as it is more familiarly known, sells branded and proprietary casual apparel, accessories and footwear for teens and young adults.
BUSINESS
January 19, 2014 | Michael Hiltzik
The big television networks have faced all number of challenges in recent years. But they could be done in by something called Aereo. Most people probably haven't heard of Aereo, which has been rolling out its video service for just over a year and still serves only 10 cities, none further west than Salt Lake. But millions will be hearing about it now, because on Jan. 10, the Supreme Court agreed to hear the broadcasters' complaints that Aereo's business dramatically breaches telecommunications and copyright law. The New York start-up offers its subscribers signals from their local over-the-air broadcasters in a way that is either a minor tweak of how they can get those signals on their own (that's Aereo's version)
ENTERTAINMENT
September 28, 2009 | JAMES RAINEY
Some of you have suggested that we ink-stained newspaper wretches seem like a bunch of charity cases. Now comes proof positive that you were (at least partly) right. Every few days in recent weeks, there's been a new report about the advance of nonprofit journalism in California. Philanthropists big and small have stepped up to fill the financial void left as advertising -- and staffing -- at traditional news outlets has withered away. Sponsors announced the biggest and most ambitious of the new nonprofit reporting endeavors last week as San Francisco venture capitalist, philanthropist and bluegrass aficionado Warren Hellman pledged $5 million to create a new journalism operation in the Bay Area.
BUSINESS
April 19, 2010 | By Karen E. Klein
Dear Karen: Can you give me some tips for starting a gardening business? Answer: Make sure you are passionate about gardening and knowledgeable about the industry. Be persistent in setting and meeting start-up goals. "Change can only occur when you make a conscious decision to make it happen," said Tamara Monosoff, author of a new book, "Your Million Dollar Dream." Research the top issues for gardening businesses, and write down how you will approach each one. This will be the beginning of your business plan, which you should formalize before you start.
ENTERTAINMENT
January 18, 2014 | By Steve Appleford
Inside a small TV studio in Los Angeles, Ondi Timoner is absorbed again in the making of documentaries. She's on the phone discussing editing options for one project, then planning for the fundraising event of another. Standing nearby is director Patrick Creadon, her guest this afternoon on "B.Y.O.D. " (for "Bring Your Own Documentary"), Timoner's weekly online chat show for TheLip.tv. They have much to talk about. Timoner, 41, twice won the Grand Jury Prize for documentary feature at Sundance: for her explosive 2004 rock doc "Dig!"
BUSINESS
January 15, 2014 | By Andrea Chang
Viddy, once a rising star in L.A.'s tech scene, has been sold. The mobile video start-up, which late last year changed its name to Supernova, announced Wednesday afternoon that it had been acquired by Fullscreen Inc., a new media company in Culver City. Terms of the deal were not disclosed, although Re/code estimated that it was in the $15-million range and noted that all 12 of Supernova's employees would join Fullscreen. PHOTOS: Top 10 tech gadgets we want to see in 2014 In a statement, Supernova CEO and co-founder JJ Aguhob said the company's mission "continues to be helping people create and share amazing content using elegant technology.
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