SA&M Preccelerator® Announces Addition of $50,000 Cash and Services Investment to Program Offerings

preccelerator

The Preccelerator® has added a cash component and legal services to its already robust package of offerings for early-stage startups

LOS ANGELES, Calif., November 8th, 2018 (Newswire.com) – The Preccelerator® Program, an early-stage startup accelerator focused on technology and digital media companies, announced today that, with its next class starting in January 2019, it will provide an unrestricted cash investment of $25,000 to each participant company, and will add to the already robust perks package $25,000 in legal services from Stubbs Alderton & Markiles, LLP. The addition of the investment and services demonstrates a continued commitment to the Los Angeles tech community by Stubbs Alderton & Markiles, LLP and the Preccelerator.

The cash investment and additional services will go into effect for Class 11 companies, with the class beginning on January 7th, 2019. The application period has been reopened for any founders interested in submitting their companies for review. The application deadline is December 4, 2018. You may submit your company application at www.preccelerator.com/application.

This announcement comes a few months after the expansion to the new Preccelerator office, located at 1316 3rd Street Promenade, which both increased the co-working space for in-house companies and increased event space. The Preccelerator remains strategically in the heart of Santa Monica to provide a technology hub that is close to many valuable educational and networking events, tech culture and other resources to facilitate company growth.

In 2012, Stubbs Alderton & Markiles launched the first-of-its-kind Preccelerator® Program to provide select start-ups with co-working space, mentorship, sophisticated legal services, curriculum and access to a strategic perks portfolio with the objective of helping grow a founder’s idea from business concept to a funded company. Over the past six years, 39 companies have graduated the Program, 27 of which have received funding, totaling over $12.5M in the aggregate.

Scott Alderton, managing Partner of Stubbs Alderton & Markiles and Chairman of the Preccelerator commented, “An investment component is a natural outgrowth to the already robust package we offer participating companies in the Preccelerator, and frankly, is long overdue. We continue to evaluate ways we can serve the technology community and obviously a cash investment goes a long way towards the likelihood that participants in the Preccelerator will ultimately raise a significant round and become successful. The success we are seeing in the Program gives us great confidence, so we are doubling down on our commitment.”

About Stubbs Alderton & Markiles, LLP
Stubbs Alderton & Markiles, LLP is a Southern California-based business law firm with robust corporate, public securities, mergers and acquisitions, entertainment, intellectual property and business litigation practice groups focusing on the representation of, among others, 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 a broad range of industries with a concentration in the technology, entertainment, videogame, apparel and medical device sectors. The firm’s 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 the firm. For more information, visit http://stubbsalderton.com.

About the 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, sophisticated legal services, education, networking, mentorship and $450,000 in usable perks from Google Cloud for Startups, Amazon Web Services, and HubSpot among others, with the objective of helping grow a founder’s idea from business concept to funded startup. The program also retains more than 100 active strategic mentors providing free office hours and discounted services, and provides over 75-plus educational workshops and networking events each year. The Program expanded in 2017 to accept a greater number of companies in more formalized classes, depending upon where the companies are in their evolutionary growth, and expanded benefits to accepted companies. To apply to the Preccelerator, visit www.preccelerator.com/application.

To read the full press release, click here.

Contact:
Heidi Hubbeling
Chief Operating Officer, Preccelerator® Program
hhubbeling@stubbsalderton.com
310-746-9803

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SAM Client BillGO Acquires Prism

billgoStubbs Alderton & Markiles client BillGO, a B2B payment engine, has announced its acquisition of Prism, an award-winning app that has already paid $1B in bills on behalf of its customers. This will yield a considerable boost to BillGO’s real-time payments (RTP) biller network. BillGO will leverage Prism’s existing network of over 11,000 billers for its customers, widening their already significant lead in the bill payments industry – providing the most advanced eBills (statements) and bill presentment platform.

To read the full press release visit here.

Stubbs Alderton & Markiles’ attorneys acting as counsel BillGO in this deal were John McIlvery, Jonathan Friedman and Nick Feldman.

About 
BillGO constantly creates and innovates past what exists. That drive powers the BillGO team to relentlessly advance payment systems to accelerate speed, efficiency, and security. BillGO provides a simple integration into any existing system that gives payment providers access to a faster, proven bill payments engine. Learn more: https://www.billgo.com/.

For more information about the Mergers & Acquisitions practice, contact John McIlvery at jmcilvery@stubbsalderton.com.

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Preccelerator Alumni Company nēdl Ranked in Pepperdine’s Most Fundable Companies of 2018

nēdlPreccelerator alumni company nēdl was voted one of Pepperdine’s Most Fundable Companies of 2018. All 15 winners are companies that rose to the top based on the viability of their business model, size of addressable market, management team expertise, board of advisors, and competitive advantage in their market.

To read the full article in Entrepreneur visit here. 

About nēdl
With over 274 million daily listeners in the U.S. alone, nēdl intends to shake things up for radio. Backed by the National Association of Broadcasters, nēdl (as in, the haystack) allows radio listeners to search live audio as easily as they search the web (by keyword) and also start their own live broadcasts to add their speech to the real-time search results. nēdl is the world’s first search engine for live audio. Radio listeners, who previously searched from station-to-station, can now easily access content on nēdl for free. nēdl is available as a skill on Amazon Alexa (“Open Needle Now”) and it is featured in the Apple App Store.

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

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SAM Partner Kevin DeBré Featured as Guest Lecturer at USC Viterbi School of Engineering

Stubbs Alderton & Markiles’ Partner Kevin DeBré was featured as a guest lecturer at USC’s School of Engineering’s Synchrotron program, where he discussed corporation formation and IP fundamentals.  The Synchrotron is Viterbi Startup Garage’s 8-week evening workshop accelerator. It provides entrepreneurs with a chance to learn the tactical side of setting up a company. Other topics covered in the program include:

  • Strategy: Learn how to use customer discovery, the lean startup method, and strategic partnerships to find your optimal path to your beachhead market.
  • Legal: Get advice from experts on managing corporate and intellectual property issues. Discover ways to avoid expensive (and potentially devastating) problems down the road.
  • People: Your long-term success relies on your ability to build the right team and culture. Learn how to hire and compensate employees, tap into the expertise of advisors/mentors, and keep key stakeholders in the loop.
  • Operations: As a fiscally responsible steward of your business, you’ll need to know what key metrics to track, how to manage cash flow, and what it takes to demonstrate “traction” and so much more.
  • Fundraising: When it comes to securing money to finance your venture, knowledge is power. Understand your options for raising capital, how much to raise and when, the mechanics of cap tables and term sheets, and the overall LA venture landscape.
  • Storytelling: The entrepreneur CEO is the Chief Storyteller, constantly needing to persuade others to follow his/her vision. Learn about story structure, the most important elements of a compelling story, and proven tips from the pros.
  • Pitch Prep: Roll up your sleeves and polish your pitch at this hands-on workshop. Get real-time feedback from other entrepreneurs, friendly VCs and other experienced presenters.
  • Final Pitches: Present your startup to a panel of early stage investors, field their questions, and get constructive feedback. The session will conclude with an panel discussion about how to excel in the fundraising process.

To find out more about Stubbs Alderton & Markiles’ Intellectual Property & Technology Transactions practice contact Kevin DeBré at kdebre@stubbsalderton.com

Kevin D. DKevin DeBré eBré is the chair of the Firm’s Intellectual Property & Technology Transactions Practice Group.  Kevin advises entrepreneurs and companies that use intellectual property to build their businesses.  Kevin has particular expertise in structuring and negotiating technology commercialization and patent licenses, strategic alliances, research and development collaborations, trademark licensing and brand merchandising agreements and manufacturing, distribution and marketing arrangements.  He also counsels clients on compliance with data security and privacy laws and regulations.

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SA&M Client AllTrails Receives New Investment and Majority Recapitalization From Spectrum Equity

alltrailsStubbs Alderton & Markiles’ client AllTrails, an online database of curated digital outdoor maps, has received a significant investment from Spectrum Equity, in connection with Spectrum’s acquisition of a majority stake in the Company, to help accelerate product development, add more trail content around the world and grow the Company’s user base. AllTrails was advised by Stubbs Alderton & Markiles while GP Bullhound served as financial adviser. Spectrum Equity was advised by Latham & Watkins. Financial terms of the transaction were not disclosed.

To read the full press release visit here.

Stubbs Alderton & Markiles’ attorneys representing AllTrails in this deal are Louis Wharton, Marc Kenny, Kelly Laffey, and Grace Kim.

About AllTrails

AllTrails helps people explore the outdoors with the largest collection of detailed, hand-curated trail maps as well as trail reviews and photos crowdsourced from its community of over 9 million hikers, mountain bikers and trail runners. AllTrails has the #1 Outdoors app for iOS & Android with more than 12 million mobile downloads and reaches 44 million people each year through alltrails.com, the App Store and Google Play.
For more information visit www.alltrails.com

For more information about our Mergers and Acquisitions practice area contact Louis Wharton at lwharton@stubbsalderton.com

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SA&M Client Cloud Logistics Acquired by E2open

cloud logistics logoStubbs Alderton & Markiles client Cloud Logistics, a leading innovator of transportation management systems, was acquired by E2 Open, a provider of cloud-based, on-demand software for supply chains. E2open with Cloud Logistics will offer a unified supply chain platform, providing visibility, collaboration, planning and execution for an extensive network of global trading partners.

To read the full press release visit here.

Stubbs Alderton & Markiles’ attorneys representing Cloud Logistics in this deal are Sean GreaneyJohn McIlveryGrace Kim, and Alia Delpassand. 

About Cloud Logistics

Cloud Logistics provides the newest generation of transportation management solutions for the global supply chain market. Cloud Logistics’ TMS offers a modern, intuitive user experience to simplify carrier selection load tendering, communication, visibility, payment, and reporting, even offering same-day TMS. Our solutions make the complexities of order collaboration, communication, and international transportation management fast, simple and beneficial for companies of any size. The offering includes a unique user experience, customizable alerts, social technology for business, and a mobile application designed specifically for drivers.
For more information visit www.gocloudlogistics.com.

For more information about our Mergers and Acquisitions practice area contact Sean Greaney at sgreaney@stubbsalderton.com

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SAM Attorney John De La Merced Appointed to UCLA School of Law Alumni Association Board of Directors

ucla law alumni

Congratulations to Stubbs Alderton & Markiles attorney John De La Merced for his appointment to the UCLA School of Law Alumni Association Board of Directors. The UCLA School of Law Alumni Association has over 17,000 Bruin alumni members and seeks to establish and nurture a lifelong relationship between the school and its alumni in an effort to strengthen the legal community and to assist in the development of the full potential of UCLA School of Law.  The Board of Directors governs activities and policies of the UCLA Law Alumni Association.

For more information about the Board of Directors, visit here.

John De La Merced

John R. De La Merced is an associate of the Firm.  His practice focuses on business litigation, which includes commercial, intellectual property, and real estate disputes.  His experience encompasses all aspects of the litigation process, including managing client matters, drafting operative pleadings and responses, law and motion practice, discovery, mediation, client counseling and assisting in arbitration and trial. John is currently the President-Elect of the Philippine American Bar Association and is a member of its board of governors.  In 2019, he will serve as the organization’s President.  John also serves on the board of governors for the Asian Pacific American Bar Association of Los Angeles County, and on the advisory committee for the St. Thomas More Society of Los Angeles.

For more information about our Business Litigation Practice or questions contact John De La Merced at jdelamerced@stubbsalderton.com

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SA&M Client Quintron Solutions Acquired by Solutionz, Inc.

Quintron SystemsStubbs Alderton & Markiles, LLP client Quintron Solutions, a central California-based A/V integrator, and communication systems manufacturer, was acquired by Solutionz, Inc., a Fernandez Holdings (“FHI”) portfolio company. Quintron’s manufacturing division, government contracts, and resources will help expand both companies’ ability to design, build, and manage technology deployments for existing and future customers.

To read the full press release visit here.

Stubbs Alderton & Markiles’ attorneys representing Quintron Solutions in this deal are Scott Galer and Nick Feldman.

About Quintron Systems, Inc:
Since 1970 Quintron has provided high technology and cost-effective solutions to government and industry in support of mission critical communications for command and control requirements. In addition to providing advanced products and systems, Quintron’s professional technical service capability provides a superior level of customer satisfaction. Quintron’s engineering services provide off-the-shelf, requirements-driven solutions, or a customized combination to solve the toughest of challenges facing customers. Quintron delivers systems that meet or exceed customer expectations. For more information please visit: www.quintron.com

For more information about our Mergers and Acquisitions practice area contact Scott Galer at sgaler@stubbsalderton.com 

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SAM Client Atomico Invests in Series D Funding Round For MasterClass

Stubbs Alderton & Markiles, LLP client Atomico participated in MasterClass’s Series D funding round along with IVP, Javelin Ventures, NEA, Advancit Capital, and Evolution Media raising a total of $80M. This round of funding will be used to expand internationally and to bring more celebrities to MasterClass’s curriculum.

To read the full press release visit here.

Stubbs Alderton & Markiles’ attorneys representing Atomico in this deal are Caroline Cherkassky and Nick Feldman.

About Atomico
Atomico invests in disruptive technology companies with ambitious founders from Series A onwards. Our experienced team includes founders and operators from the world’s most successful technology firms who partner with our companies as they scale to become global winners. Founded in 2006, Atomico has made over 80 investments into companies including Supercell, Klarna, Stripe, ofo, Lilium, 6Wunderkinder and The Climate Corporation. Atomico’s team includes founders of six billion dollar companies, and operational leaders who were responsible for global expansion, hiring, user growth, and marketing at companies from Skype and Google to Uber, Facebook, and Spotify.

For more information about our Emerging Growth & Venture Capital Practice, contact Caroline Cherkassky at ccherkassky@stubbsalderton.com 

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Preccelerator Alumni Company Napkin Finance Partnered with JP Morgan Chase Bank

 Napkin FinanceCongratulations to Preccelerator alumni company founder Tina Hay on their recent partnership with JP Morgan Chase Bank to provide insight into topics like determining your risk tolerance, diversification, and rebalancing your portfolio.

You can check out the financial literacy campaign here.

We’re very proud of your success!

About Napkin FInance
“Everything about money in 30 seconds or less.”™ Napkin Finance is a multimedia company that grew out of their own needs for a better way to learn and understand finance. They developed their platform as a quick and easy resource on everything you need to know about money in 30 seconds or less. Napkin Finance’s mission is to empower their readers to manage their money and understand basic financial concepts in a simple, fun and engaging way.
For more information about Napkin Finance, visit www.napkinfinance.com

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

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