SAM client Raptr, Inc. the leading community for gamers has just launched Raptr Rewards, a program to reward active gamers free videogames, downloadable content, beta codes, major discounts and more. Raptr Rewards is on track to offer over 350,000 free rewards totaling $1.3 million in value just in the first month of launch. To learn more about Raptr’s new reward program, click here.
Exciting things are happening with SAM client Paulsson, Inc.! Paulsson, Inc. is working with fiber optics to develop in-well seismic imaging systems capable of surviving the extreme conditions of deep wells found both onshore and offshore. “The biggest technical challenge is building a system that can be deployed to that depth and pressure.” said Bjorn Paulsson, president of Paulsson, Inc. which is developing a deep water system with support from a group of large oil companies and a grant from the Research Partnership to Secure Energy for America (RPSEA). The goal is to create 1,000 3C receivers, comparable to high-end geophones capable of picking up a range of sounds and detecting which direction they come from. The installation could run 25,000 feet and operate in places with temperatures as high as 300C and pressures as high as 30,000 psi. To read more on Paulsson, Inc.’s project, click here.
Announced in today’s socalTECH.com:
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Los Angeles business accelerator program upStart.LA, one of numerous startup acceleration and incubation efforts to start in the last year in Southern California, is merging with a startup in Santa Monica, Cross Campus. According to a note to supporters form upStart.LA founder Dan Dato, the accelerator has merged with Cross Campus, a yet-to-be launched startup building a “collaborative workspace and education platform” in Santa Monica. Dato said the merged group has closed a first round of funding, signed a lease for a property at 820 Broadway in Santa Monica, and will be opening in the summer. Cross Campus was founded by Ronen Olshansky and others. Dato said Cross Campus is looking to build a membership-based community that tries to capture some of the “key elements of the college campus”, and that the company is “not an accelerator” and “not a co-working space,” and will not be making investments in its members.
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SAM attorney Susan Wong represented Cross Campus in the transaction.
Partner Greg Akselrud will be a featured speaker at Digital Hollywood Spring 2012 on Tuesday, May 1st at 10:45am at the Ritz Carlton Hotel in Marina del Rey, CA. Greg will be on a panel discussing “Investment, Funding Strategies and Deal Flow: A Primer for Content and Technology Companies.” To register for the event, click here.
SAM attorney Michael Shaff will be the featured speaker at the May 10, 2012 Orange County Bar Association’s Tax Law Section Meeting in Newport Beach, CA. Michael will be speaking on “Taxation of Deferred Compensation: An Overview of Section 409A and Common Issues.” For more information or to register, click here.
An interesting article from socaltech.com regarding the total venture capital investments in Southern California in Q1 of this year, indicating a very significant uptick from Q2 of 2011. To view the full article, click here.
For more information regarding our Venture Capital & Emerging Growth practice, contact Scott Alderton (salderton@stubbsalderton.com) or Joe Stubbs (jstubbs@stubbsalderton.com)