Category Archives: Press

SAM Client Vitesse Semiconductor Corporation to be Acquired by Microsemi Corporation

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SAM Client Vitesse Semiconductor Corporation has announced that it has reached an agreement to be acquired by Microsemi Corporation for $389 million, furthering a drive toward consolidation in the semiconductor industry.

Vitesse, which has headquarters in Camarillo, CA, designs a diverse portfolio of high-performance semiconductors, application software, and integrated turnkey systems solutions for Carrier, Enterprise and Internet of Things (IoT) networks worldwide.

Based in Aliso Viejo, CA, Microsemi offers a comprehensive portfolio of semiconductor and system solutions for communications, defense & security, aerospace and industrial markets.

Stubbs Alderton & Markiles’ attorneys John McIlvery and Jonathan Friedman are representing Vitesse in this pending transaction.

For more information about our Public Securities practice, contact John McIlvery at (818) 444-4502 or jmcilvery@stubbsalderton.com.

Stubbs Alderton & Markiles, LLP Announces New Class of Preccelerator Program

SAM NewPrecceleratorHR

Preccelerator Program begins its fourth class of companies in Santa Monica

Los Angeles (March 5, 2015) Stubbs Alderton & Markiles, LLP is pleased to announce the admission of a new group of companies to join the third class of its Preccelerator Program.  The Preccelerator is a novel platform offered to select start-up companies out of the Stubbs Alderton & Markiles, LLP Santa Monica office that provides interim office space and access to sophisticated legal services, with the objective of helping start-ups grow their idea from business concept to funded startup.

The new participants include:

etouloo logoEtouloo – Today online dating sites are all the same. Members answer boring, scientific questionnaires and then write dreaded profile essays. Setting up a profile can be intimidating for many people and it’s just not fun for anyone. Dating sites rely on email, which is an ineffective way to get know potential matches.  Etouloo is an online dating service that uses gamified proprietary matchmaking algorithm to connect single adults via their unique gamified SparkFlirt(TM) platform.

LockawreLockAware – LockAware, Inc. is a new (2015) Los Angeles-based technology startup. LockAware’s primary goal is to significantly reduce fraudulent activity that is pervasive within the American locksmith industry. Its mission is to enable billions of dollars in lost revenue to be redirected to certified American locksmiths who operate as registered members of the LockAware network. LockAware Locksmiths, held to a high code of ethics and performance standards will aspire to restore legitimacy and trust to the time honored trade of locksmithing.

swggr homepage Swggr - The fashion love child of Instagram and Pinterest where users style themselves and others while being rewarded.  Users host a virtual online closet “collection” where they can instantly style and share looks for themselves, friends and followers. Users rack up reward points that are redeemable for discounts from their favorite brands and retailers, exclusive merchandise, and special access to fashion tastemakers.

Verde CircleVerde Circle – A software company that develops business software and services geared toward small to medium sized businesses.  Its initial product is a cloud-based software platform for managing inventory, sales orders, purchase orders and related communications.

Program Director Ryan Azlein states “We are thrilled to announce our newest Preccelerator participants.  As we continue to expand our program, we look forward to working closely with these promising start-ups toward achieving their goals over the next several months.”

The Program offers benefits such as free office space, real-time legal advice, partner perks, introductions to financing and other business services, and education and networking at their many in-house events.

The Preccelerator Program was launched early in 2013 and has had great success with its initial classes, which resulted in a majority of the companies being accepted into larger accelerator programs and incubators or successfully raising their seed funding round.

About Stubbs Alderton & Markiles, LLP

Stubbs Alderton is a business law firm with robust corporate, public securities, mergers and acquisitions, business litigation and intellectual property practice groups focusing on the representation of venture backed emerging growth companies, middle market public companies, large technology companies, entertainment and digital media companies, investors, venture capital funds, investment bankers and underwriters. The firm’s clients represent the full spectrum of Southern California business with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. Their mission is to provide technically excellent legal services in a consistent, highly-responsive and service-oriented manner with an entrepreneurial and practical business perspective. These principles are the hallmarks of their Firm.

For more information about the Preccelerator Program and to fill out an application, click here or contact Heidi Hubbeling at (310) 746-9803.

SAM Preccelerator Program Company TrekSavvy Announces Launch

treksavvy

SAM Preccelerator Program company TrekSavvy has announced that they have launched their premier travel site www.treksavvy.com.  TrekSavvy is your resource for discovering how best to experience the location’s must dos. Similar to asking a good friend who’s been there, TrekSavvy’s like-minded traveler contributors hook you up by suggesting the best way to hit multiple destinations on your trip and how to create Ideal Days by telling you which must-do’s work perfectly together. The end result is a fully personalized travel guide that can be accessed from almost any device – even offline.

For more information about the Preccelerator Program, contact Heidi Hubbeling at 310-746-9803 or hhubbeling@stubbsalderton.com

SAM Preccelerator Program Company Swggr, Inc. Announces Their Launch in App Store

 

swggr

 

SAM Preccelerator Program Company Swggr, Inc. has announced their launch into the App Store.  Swggr is the fashion love child of Instagram and Pinterest where users style themselves and others while being rewarded.

Users host a virtual online closet “collection” where they can instantly style and share looks for themselves, friends and followers. Users rack up reward points that are redeemable for discounts from their favorite brands and retailers, exclusive merchandise, and special access to fashion tastemakers.

For more information and to download the app, visit swggr.net

For more information about the Preccelerator Program, contact Heidi Hubbeling at (310) 746-9803 or hhubbeling@stubbsalderton.com.

SAM Client and Skype Co-Founder Backs Wire, A New Communications App Launching Today On iOS, Android And Mac

Wire logo

wire-products-family-1Simple, beautiful conversations on your phone, tablet and desktop

Switzerland – A team of more than 50 people from 23 countries, supported by SAM client and Skype co-founder Janus Friis, is launching Wire, a communications network for messaging, voice calling, sharing pictures, music and video on your phone, tablet and desktop.

“Skype was launched more than a decade ago. A lot has changed since then – we are all used to free calls and texting, and we have taken to carrying our computers in our pockets,” said Friis. “It is time to create the best possible communication tools, as beautiful as they are useful. Wire is just that.”

Wire is available on iOS, Android and OS X. It offers communications with an emphasis on high fidelity paired with elegant design. People can use Wire for personal and group messaging, voice calling, sharing pictures, SoundCloud music and YouTube video sharing. Wire conversations are kept in sync across all your devices. It is engineered to take advantage of today’s devices, including iPhone 6, iPads and the latest Android devices.

With deep expertise in media processing technology, Wire’s voice calling benefits from its in-house developed audio technology. This makes calls on Wire sound crisp and clear. By remaining compatible with standard WebRTC, Wire will support audio calls to and from WebRTC compatible browsers.

“We asked ourselves how modern communications could look and work. How could we take full advantage of the latest devices and advances in cloud computing to deliver something that is really simple, very useful and truly beautiful?” said Jonathan Christensen, Wire’s co-founder and CEO. “Today’s launch is the beginning for Wire.”

The company’s team comprises former product and technology leaders from Apple, Skype, Nokia, and Microsoft. Christensen held leadership roles at Microsoft and Skype, and was co-founder and CEO at Camino Networks. Along with Christensen, founders include Alan Duric, Wire’s CTO, a co-founder of Telio (Oslo exchange TELIO) and co-founder of Camino (acquired by eBay/Skype); and Priidu Zilmer, Wire’s head of product design, who led design teams at Vdio and Skype. Wire’s Chief Scientist Koen Vos, created SILK and co-created Opus, the standards for fidelity and intelligibility in voice over IP that billions of people use today.

About Wire

Wire is headquartered in Switzerland and has a development center in Berlin, Germany. Wire is backed by Iconical, a collective of designers, engineers and entrepreneurs including Janus Friis. For more information, visit wire.com.

Wire is available worldwide and can be downloaded free from wire.com.

To read the full TechCrunch article, click here.

FlashFunders Featured on KNX1070’s Business Hour with Frank Mottek

 

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Vincent Bradley, Co-Founder of SAM’s joint venture FlashFunders was featured on KNX1070’s Business Hour with Frank Mottek.

To hear the full interview, click

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SAM Joint Venture FlashFunders Featured on Fox Business News “After the Bell”

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Following their October 16th launch, Stubbs Alderton & Markiles’ joint venture, FlashFunders has received enormous press coverage.  Yesterday, Fox Business News interviewed co-founder Vincent Bradley on “After the Bell.”

 

Other recent press for FlashFunders includes:

PR Newswire

Huffington Post

Crowdfund Insider

Wired Magazine (Online)

Inc.

WWD

Stubbs Alderton & Markiles’ Joint Venture FlashFunders Launches Industry Standard for Online Equity Funding

Flash Funders

No-Fee Platform Connects Accredited Investors to
Innovative Startups Pursuant to the JOBS Act

SANTA MONICA, Calif.: Oct. 16, 2014 – FlashFunders today announced the launch of its no-fee, online equity funding platform at www.flashfunders.com.  FlashFunders (member FINRA/SIPC) was started by Europlay Capital Advisors, law firm Stubbs Alderton & Markiles, and co-founders Vincent Bradley and Brian Park, and was formed to help startups raise capital efficiently while also opening up access to startup investing for accredited investors.

FlashFunders’ platform helps entrepreneurs navigate complex SEC regulations and offsets costly legal fees, while giving accredited investors unprecedented access to startup investment opportunities. FlashFunders provides a turnkey solution for raising capital and a marketplace where entrepreneurs can connect directly with accredited investors across the globe.

FlashFunders ensures all investors are accredited and that all offerings are SEC-compliant and executed using FDIC-insured escrows — which are created and paid for by FlashFunders.

“We worked with FINRA over the past year to expand the scope of our broker-dealer license, allowing FlashFunders to operate an online equity funding platform in a regulated environment,” said Vincent Bradley, the co-founder of FlashFunders. “We felt it was critical to ensure our platform was compliant for both startups and investors. Online equity funding is in its infancy and seeing tremendous growth; by engaging with FINRA, we’re leading the way for how it should be done — creating an industry standard.”

“97% of the 8.5 million accredited investors in the United States currently don’t partake in startup investing,” said Mark Dyne, the chairman and founder of Europlay, a seed and early-stage investor in technology companies, as well as former Skype seed investor and board member and founder and CEO of Sega Ozisoft, Virgin Interactive Entertainment, and many others. “This is largely because they don’t have access to early stage companies. Leveraging technology and decades of combined experience in finance, venture investing, securities law and startup operations, FlashFunders provides entrepreneurs and investors a secure, SEC-compliant user experience, with e-Signature technology and document management capabilities backed by a team of FINRA-registered representatives to help ensure successful offerings on the platform.”

“FlashFunders is designed to fundamentally alter the capital-raising process,” said Brian Park, co-founder of FlashFunders. “We provide startups with a compliant, efficient and no-fee online equity funding platform to develop their business plans, publicly market their offerings and collect funding from accredited investors —saving startups thousands of dollars in legal fees. At the same time, investors on FlashFunders can purchase shares directly in startups with no transaction fees or carried interest charges.”

FlashFunders creates a safe and intuitive process that allows investors to view startup offerings and execute investments legally and properly in minutes using Flash Seed Preferred documents and e-Signature technology.

FlashFunders has created “Flash Seed Preferred,” a set of safe, balanced and transparent investment documents that have been customized to facilitate fundraising on the platform, further streamlining a process that would otherwise take months of road shows, multiple middlemen and tens of thousands of dollars in legal fees to execute.

“Unlike other equity funding portals, FlashFunders does not curate or try to pick winners, and investments are not made through LLCs or Special Purpose Vehicles,” said Scott Alderton, Managing Partner at Stubbs Alderton & Markiles, LLP. “FlashFunders provides a seamless end-to-end solution for startups raising capital with virtually no external cost, fees or investor carry. FlashFunders receives an ongoing right to invest a limited amount under the same terms as all other investors if a startup is successful in getting funded on the platform.” Stubbs Alderton & Markiles, LLP is southern California’s leading business law firm, with deep experience in providing legal services to companies including LinkedIn, Beats by Dre and Skype, among many others.

The announcement today is the first phase of FlashFunders’ rollout. Additional enhancements to the user experience will be added over time along with new tools and technologies to increase functionality and scale. Offerings from startups will be incrementally uploaded by the site’s concierge service, which assigns a live team to guide entrepreneurs through the process.

“We are educating a new generation of investors and building a more efficient roadshow for startups,” said Vincent Bradley.

About FlashFunders

A registered broker-dealer, member FINRA/SIPC, FlashFunders provides a no-fee online equity funding platform for entrepreneurs to publicly market their offerings, collect funding from accredited investors and gain access to SEC-compliant legal documents and escrow accounts to create their offerings.

For more information, visit: http://www.flashfunders.com

Media Contact:
Amy Morris                                                 Susan Guerra
FlashFunders                                              Thatcher+Co.
amyshapiromorris@gmail.com               sguerra@thatcherandco.com
917.887.2725                                              973.650.6555

SAM Preccelerator Program Company CardBlanc Announces Its Launch

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INTRODUCING CARDBLANC –
THE NEW DESIGNER WALLET FOR A 
VIRTUAL GENERATION

 New Mobile App Offers Consumers a Simple, Secure Solution to Shop Hundreds of
Top Brands and Share Purchases on Mobile Devices

 LOS ANGELES, CA (Tuesday, October 14, 2014) CardBlanc, a mobile shopping platform launches today, offering consumers a simple and secure solution to shop hundreds of top brands, connect with friends and share purchases on their mobile devices through a virtual card. CardBlanc is the first mobile application that provides members an all-in-one social commerce experience on a trusted digital payment platform.

 Here’s how it works:

  •  Download the CardBlanc App to receive a virtual personalized card,  with your name and a unique card number.
  • Easily load funds or request funds from family, friends, etc.
  • Shop by trends, stores, categories or specific brands.
  • Earn rewards and share purchases with friends.
  • CardBlanc is secure! CardBlanc authenticates each member and uses bank-grade security encryption.
  • CardBlanc is free to load and free to use.

 Once activated, members enter a curated shopping experience across hundreds of merchants, including, Forever 21, Saks Fifth Avenue, NastyGal, Urban Outfitters, Lululemon, Nike, TopShop, Neiman Marcus, J.Crew, Abercrombie, Victoria’s Secret, Bluefly, with new stores being added daily. Members can earn points and redeem them for hundreds of rewards through CardBlanc’s rewards program based on purchasing and sharing.

“We wanted to create a mobile shopping experience that was a one-stop shop for consumers, where they can learn to be financially responsible but still have fun shopping and sharing with friends,” said Tina Hay, CEO and founder of CardBlanc.

CardBlanc is a part of the Stubbs Alderton & Markiles, LLP Preccelerator Program and was selected by PayPal to join the Startup BluePrint program. CardBlanc is privately funded by investors including Tom Dolby.

 For more information, visitMyCardBlanc.com; CardBlanc is available now for iPhone on theApp Store.

About CardBlanc:

Founded in 2013 by Tina Hay, CardBlanc is a digital payment platform that unlocks an effortless and secure mobile shopping experience through a virtual card. We provide anintegrated shopping experience – payments, shopping, and social all in one.  Our focus is  bringing the best financial and shopping experience to consumers through thoughtfully designed mobile products and resources. For more information visit:http://www.mycardblanc.com.

For more information about the Preccelerator Program, contact Heidi Hubbeling at (310) 746-9803 or hhubbeling@stubbsalderton.com

Stubbs Alderton & Markiles, LLP Closes Financing Deal to Form Indigenous Media

Stubbs Alderton & Markiles, LLC closed a financing deal to form digital media company Indigenous Media.  This new digital media company is founded by  the team behind YouTube Channel WIGS, including producer Jon Avnet (Black Swan), his son Jake Avnet and director Rodrigo Garcia (In Treatment).  The deal received funding from communications conglomerate WPP and U.K. TV giant ITV.  Additional investors include Steven TischShari Redstone‘s Advancit Capital and Michael PriceJon Miller, former CEO of digital media for News Corp, has been appointed Indigenous chairman.   

To view the full Hollywood Reporter press, click here.

For more information regarding our Internet, Digital Media & Entertainment practice, contact SAM Partner Greg Akselrud at (818) 444-4503 or gakselrud@stubbsalderton.com