Author Archives: Heidi

SA&M Preccelerator Featured on Built in LA

Built in LAThe Preccelerator was featured on Built in LA’s Tech Roundup last week after announcing the expansion of their perk’s package for its next class of early-stage startups. The package includes 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.

To read the full article visit here.

Online applications for the Preccelerator Program are now open! To qualify for acceptance, please fill out our online application. Once submitted, someone from our review committee will contact you. Deadline for application submissions for Class 11 is December 4, 2018. The start date for Class 11 is January 7, 2019.
You may submit your company application at www.preccelerator.com/application.

To learn more about the Preccelerator® Program, contact Heidi Hubbeling, COO at hhubbeling@stubbsalderton.com

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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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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@100.26.91.60

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Screen Door Labs CEO Kari Wu Featured Speaker at Mobile World Congress Americas

screen door labsCongratulations to Preccelerator company Screen Door Lab’s CEO Kari Wu on her upcoming speaking engagement for Mobile World Congress Americas. Screen Door Labs is a part of class 10 of the Preccelerator and will graduate from the program in January 2019. Mobile World Congress is a production of 4 Years From Now [4YFN.] 4FYN is a startup business platform that enables startups, investors and companies to connect and launch new business ventures together.

To view the speakers and register for the event visit here.

About Screen Door Labs 
Screen Door Labs created ARescue, an Augmented Reality team communication software for “boots on the ground”. Built for first responders, the system organizes and displays data onto AR glasses. First responders have access to 2D and 3D maps, as well as geotags and video, feeds from drone operators and other responders. ARescue allows first responders to work safer, respond faster, and communicate better as a team.
Visit www.screendoorlabs.com for more information.

For more about the Preccelerator® Program or to apply,  contact Heidi Hubbeling, COO at (310) 746-9803 or hhubbeling@100.26.91.60

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SA&M Preccelerator ® Program Announces Milestone Tenth Class of Companies + Location Move!

To accommodate this growth, Stubbs Alderton & Markiles’ accelerator, The Preccelerator, is moving to expand its coworking space for companies in Santa Monica.

PrecceleratorLOS ANGELES, Calif., August 6, 2018 (Newswire.com) – The Preccelerator® Program, a Santa Monica, California-based early-stage startup accelerator focused on digital media and technology companies, announced today that it is moving its Santa Monica offices as a result of its growth as it adds its milestone tenth class of companies featuring six innovative startups including AlgoPay, CheckPlis, HaloLoop, Screen Door Labs, Star Metrics and UNOMI.

The new Preccelerator office, located at 1316 3rd Street Promenade Suite 107, both increases the co-working space for the in-house companies and increases event space. The Preccelerator strategically remains 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 their growth. The expansion also demonstrates the continued commitment to the Los Angeles tech community that Stubbs Alderton & Markiles, LLP is well known for. To celebrate the tenth class milestone and new office, the Preccelerator will host an open house in September.

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, 37 companies have graduated the Program, of which 26 have received funding totaling over $11.5M.

Scott Alderton, managing Partner of Stubbs Alderton & Markiles and Chairman of the Preccelerator commented, “When we founded the Preccelerator in 2012, and convinced 3 fledgling startups to move into our space and work with us, we had no idea we could end up where the Preccelerator is today. We conceived this model of offering co-working office space in conjunction with sophisticated startup legal services. We now offer that plus access to over 100 seasoned mentors that actively assist in growth and success, a sophisticated curriculum, access to our network of investors through investment strategy sessions, Meet the VC Luncheons, Demo Day and targeted investor introductions, plus a robust Preccelerator Perks Portfolio with over $450,000 worth of discounted services and benefits to help our cohorts succeed and cut overhead expenses. To say the very least, I’m incredibly proud of what our team has created, and the leadership we demonstrate every day in the Los Angeles tech community.”

Preccelerator® Program Class 10 companies include:

AlgoPay is a borderless e-bank that enables refugees to store and withdraw payments from anywhere. Along with not having access to standard payment systems like PayPal, a majority of refugees also have no place to store their income. On the macro-scale, there’s a borderless population of 67 million unbanked individuals, and on the micro-scale, some of the world’s most vulnerable people are carrying all of their savings in cash with no place to manage funds. AlgoPay operates like both an e-wallet and an ATM. Users can store their income in AlgoPay’s digital wallet, and similar to Western Union, they can withdraw payments at any Algo vendor location— totally bankless. Algo Pay is currently running pilots in Turkey + Jordan and have signed a partnership with UpWork as the first user of Algo’s payment network.

CheckPlis believes people should feel like they are visiting friends when they go out for a meal or drinks. It’s all about the experience. Checkplis is a mobile app integrated into POS systems enabling customers to pay, tip and split the check themselves, all from their phones. Checkplis increases table turnover and efficiency for restaurants and bars and simplifies the checkout experience for consumers.

HaloLoop is a Santa Monica based mobile software company that is reinventing the way people and religious organizations engage with each other. We are a marketplace and live streaming service where people can help others connect to live religious services and donate.
Screen Door Labs created ARescue, an Augmented Reality team communication software for “boots on the ground”. Built for first responders, the system organizes and displays data onto AR glasses. First responders have access to 2D and 3D maps, as well as geotags and video, feeds from drone operators and other responders. ARescue allows first responders to work safer, respond faster, and communicate better as a team.

Star Metrics is an entertainment analytics platform and suite of tools designed to make the casting, financing and forecasting process easier for content creators. With StarMetrics, users can easily discover new talent and understand the value of actors, directors and other entertainers across many data points, such as international appeal, social media reach, or box office impact. StarMetrics provides predictive intelligence and analytics that empowers creators, advertisers, investors and other stakeholders to succeed in an increasingly global and complex content marketplace.

UNOMI is a SaaS for animators and video game developers. UNOMI leverages advanced voice recognition and motion capture technology that automates a lot of the most time-consuming aspects of animation production. Our voice recognition software understands human speech in multiple languages. This allows animators to easily create the speech of multiple 2D and 3D animated characters and for some, UNOMI gives them the ability to create content on a daily basis. UNOMI’s motion capture software will give content creators the ability to easily track human movement within their home or studio, which will eliminate the need to rent expensive motion capture studio space and equipment. Large-scale animation studios will be able to drastically reduce costs allowing them to create more content in a significantly shorter amount of time. UNOMI will also be releasing an Augmented Reality and VR, 3D object plugin for Adobe software which will allow users to easily implement and animate 3D objects quickly and easily. Each UNOMI software will be intuitive, which will eliminate a learning curve for most users.

For more information about the Preccelerator® Program, visit
www.preccelerator.com.

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, video game, 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 https://preccelerator.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.

Contact:
Heidi Hubbeling
Chief Operating Officer, Preccelerator® Program
hhubbeling@100.26.91.60
310-746-9803

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Now Accepting Applications for Class 11 of the Preccelerator!

PrecceleratorApplications are now open for Class 11 of the Preccelerator ® Program, an early-stage start-up accelerator focused on the technology and digital media space! the Class 11 term begins October 22, 2018.  Deadline for applications is September 15th, 2018.   

Benefits include:

  • 24/7 access to co-working space and a collaborative environment in our Santa Monica co-working space
  • A robust strategic perks program worth over $450,000
  • 100+ strategic mentors that provide regular office hours and are dedicated to each company’s success. Check out our mentor list here.
  • Onsite non-billable non-substantive legal advice
  • Over 50+ educational and networking in-house events per year, plus access to free admission to many sponsored events.  Check out our upcoming events here. 
  • Investment Strategy Sessions and potential introductions to our network of investors
  • With an emphasis on community and collaboration, the Preccelerator alumni continue to participate, give back and help foster the success of current and future Program participants.

For more information about the Preccelerator and its offerings, contact Heidi Hubbeling at hhubbeling@100.26.91.60 or (310) 746-9803.

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Preccelerator Company Checkplis Featured on BuiltinLA

checkplisPreccelerator Company Checkplis was featured this week on BuiltinLA’s Top 5 companies to watch report. The Checkplis app allows users to pay at any time and restaurants can also integrate the app into their point-of-sale systems (POS).  Checkplis is a mobile app integrated into POS systems so customers can pay, tip and split the check themselves, all from their phones. They are strategic partners and experience creators for restaurant, bar and nightclub industry leaders. Checkplis was founded by Abner Flores and is currently headquatered in Santa Monica, CA.

To read the full article visit here.

Visit www.checkplis.com for more information.

For more about the Preccelerator® Program or to apply,  contact Heidi Hubbeling, COO at (310) 746-9803 or hhubbeling@100.26.91.60

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Preccelerator Company Lumenus Featured in ‘IoT For All’ Article

lumenusPreccelerator Company Lumenus and founder Jeremy Wall were featured this past week on Iot For All in an article discussing how AI takes wearables to the next level. The company started when the founder, Jeremy Wall, was almost killed while riding his bicycle. It was this life-changing event that pushed him to create products that use technology for something meaningful—to save lives. Today, Lumenus designs and produces apparel equipped with wearable LED lights for runners, bicyclists, and motorcyclists.

To read the full article visit here.

About Lumenus
Lumenus is an IoT safety company, building a Smart Lighting Hardware/Software platform using the Internet of Things to provide real-time safety alerts and create actionable insights for both consumers (bike/run/motorcycle) as well as industrial usage (high-risk vocational workers).

Visit www.lumenus.com for more information.

For more about the Preccelerator® Program or to apply,  contact Heidi Hubbeling, COO at (310) 746-9803 or hhubbeling@100.26.91.60

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Preccelerator Alumni RentSpree Announces Partnership with California Apartment Association

rentspreePreccelerator Alumni Company RentSpree has just announced that they are partnering with the California Apartment Association (CAA). Together they offer a state of the art tenant screening platform to all CAA members.  RentSpree’s standardized process will help CAA’s 15,000+ members work more efficiently with the verification process, while simultaneously reducing exposure to regulatory risks.

Amidst an atmosphere where faxing has been the norm for many, the new service will allow CAA members to seamlessly access a full credit report and score, eviction history report, completed rental application and more with the click of a button on any device.

All CAA members will also be given access to RentSpree PRO, a premium service offering from RentSpree that helps landlords and managers handle the tenant verification process.  As part of the alliance, RentSpree will also be working closely with CAA to unveil a series of groundbreaking new features to provide unparalleled flexibility and convenience to members.

“As an organization that always puts our members’ interests first, we see tremendous value in the services RentSpree will provide for CAA members,” said CAA Senior Vice President Kevin Pellegrino. “Together, we will be able to deliver a platform that exceeds all current and future CAA member screening needs.”

“We are very proud to have CAA as a major partner where our combined efforts will provide CAA members with a technology platform that will significantly enhance their businesses,”  said RentSpree Chief Operating Officer Michael Lucarelli.  “Importantly, our solution makes it effortless for all CAA owners and managers to offer a digital screening process that most tenants expect in 2018.”

About RentSpree
RentSpree is a Los Angeles-based real estate tech company that has created a proprietary platform allowing landlords and property managers to seamlessly screen and verify tenants. The award-winning tool automates the lease application process for property representatives by providing a 24/7, one-stop system for screening applicants.

Visit www.rentspree.com for more information.

For more about the Preccelerator® Program or to apply,  contact Heidi Hubbeling, COO at (310) 746-9803 or hhubbeling@100.26.91.60

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Startup Superhero Video Series! – This Week Featuring Marc Kenny on “Selling Your Business”

Stubbs Aderton & Markilstartup superhero series marc kennyes and the Preccelerator Program are proud to announce the launch of their Startup Superhero Video Series – featuring SA&M Attorneys, Preccelerator Mentors, and entrepreneurs on topics specific to entrepreneurship and lessons learned throughout the journey.

This week we’re featuring Stubbs Alderton & Markiles attorney Marc Kenny on “Selling Your Business.”

Marc Kenny is a partner at Stubbs Alderton & Markiles, LLP. Marc’s practice focuses on mergers and acquisitions, joint ventures, private securities offerings, cross-border transactions, and other strategic transactions representing private equity funds, independent sponsors, family offices as well as public and private corporations.

 

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Speaker: Marc Kenny

Moderator: Heidi Hubbeling

Heidi: Talk to me a little bit about your background, how you got to be in mergers and acquisitions and private equity. Also, how you came to be with the firm.

Marc: Sure, I have been practicing for a little over twenty years, specializing in mergers and acquisitions, representing private equity funds, financial sponsors, family offices, corporate strategic and a range of transactions, both here in LA, London and in Silicon Valley. I came to the firm recently after working at another large firm over the years.

Heidi: One of the things we are going to talk about today is with mergers and acquisitions on the seller side, we are going to talk about the ins and outs of that. What are some of the preliminary considerations that a business needs to think about when they go to sell their business.

Marc: I usually start when I meet with an owner who’s interested in selling. I usually start with a series of questions to understand a little more about how they are approaching the process. I ask them “why are you interested in selling?”  “Do you intend to stay with the business after the sale?” “Can the business operate efficiently without you? If not, why not?” “What gaps do you have in managing the team?” “Are there family members or members of the management team who want to continue in the business after the sale?” On the operational side I also ask them, the financial history of the firm over the past 3-5 years of what their growth prospects are going forward. If there is customer concentration, I ask them about that. If they are in a regulated space I ask them regulatory issues they have had over the past few years. Going forward, what kind of regulatory issues they see having in their horizon.

Heidi: It’s a complicated process, a lot of people don’t quite understand. It’s not like selling personal property or your home.  Can a business do this alone? Or do they need a team to back them up?

Marc: Yes, selling your company is a process that is complicated and intense – I often say it’s a marathon that feels like a sprint. The challenge for a business owner is to run an effective sales process and at the same time managing its business. Don’t jeopardize the business because you have been distracted on the sales process. A way for them to do that is two things: one is they have to assemble an internal team at the company – a small group that you can rely on and have confidence in to work with you on the sales process and at the same time.  The goal is for you to keep running your business. The better your business grows during this process the more leverage you have with the buyers. In order to do that, you have to hire outside business advisors. Particularly, outside advisors that have done lots of M&A  transactions. Second, you’d be well advised to hire external advisors who regularly work on M&A transactions. You need an investment banker, accounting firm, wealth management advisor.  For all involved in a sale, it’s important to seek the advice of a wealth management advisor, investment banker – not only will a great banker get you in front of the right prospective buyers (strategic or financial), they’ll also be able to create a story that corresponds with your historical financial performance with your potential for future growth.  And then law firms again, you may have used law firms for real estate, company contracts, but you need to have lawyers who are adept in M&A transactions.

Heidi: Internally what should these businesses do to prepare themselves. Both the owners as well as the team to prepare themselves for this kind of transaction.

Marc: The goal is to become “transaction ready” before engaging with the buyers. By “transaction ready” I mean you have looked both at the good, the bad, the ugly with your business. You should be very honest with yourself about the business, as financial, then as legal, etc. Really the reason for that is if you provide accurate information, to position correctly with your buyer, you will increase the confidence with your prospective buyers and increase the value of your company.  We recommend “sell side” due diligence to basically start as if you were the buyer and you start with your management team and the external counsel or advisors, you start going through the due diligence list. Make sure that all the intellectual property in the business you own, that material customers contracts are all in order and they are not due to be terminated soon, that all regulatory issues have been resolved, confirm you have proper documentation for all stock issuances and equity grants. Again, it is a very exhausting process and that is the reason why you need to have external advisors to help you through the process to help you focus on your business.

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To learn more about the Preccelerator Program, contact Heidi Hubbeling at hhubbeling@100.26.91.60.

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