Tag Archives: SAM

Los Angeles County’s Eviction Moratorium/Rent Deferment Order

On April 14, the Los Angeles County Board of Supervisors amended its March 19 order that mandated an eviction moratorium on both residential and commercial tenants and gave defaulting tenants the ability to defer rental payments that become due through May 31, 2020 for months.

(March 19: https://covid19.lacounty.gov/wp-content/uploads/19032020HP_MFP_M577143825.pdf; April 14: http://file.lacounty.gov/SDSInter/bos/supdocs/145198.pdf#search=%22moratorium%20eviction%22.)

Specifically, the April 14 amendment expands coverage of the March 19 order to all cities in Los Angeles County that have not enacted their own eviction moratorium/rent deferment order and mobile home parks who rent space to mobile homeowners, in addition to the unincorporated areas of Los Angeles County that the March 19 order initially covered.  Thus, cities within Los Angeles County who have enacted their own order, like the City of Los Angeles, do not fall under the Los Angeles County order.

Critically, while Los Angeles County’s order initially required defaulting commercial and residential tenants to demonstrate an inability to pay rent and/or related charges due to “financial impacts” related to COVID-19 in order to not be evicted for nonpayment of rent, the April 14 amendment provides that both commercial and residential tenants may “self-certify” their inability to pay as a result of “financial impacts,” and requires landlords to accept such self-certification.  Tenants must still provide notice to their landlords of their inability to pay within 7 days of the due date.

“Financial impacts” include “substantial loss of household income due to business closure, loss of compensable hours of work or wages, layoffs, or extraordinary out-of-pocket medical expenses” that are “related to COVID-19” (i.e. if it is a result of any of the following: (1) diagnosed with COVID-19, or caring for a household or family member who is diagnosed with COVID-19; (2) layoff, loss of hours, or other income reduction resulting from business closure or other economic or employer impacts of COVID-19; (3) compliance with a recommendation from the County’s Health Officer to stay home, self-quarantine, or avoid congregating with others during the state of emergency; (4) extraordinary out-of-pocket medical expenses related to diagnosis and testing for and/or treatment of COVID-19; or (5) child care needs arising from school closures related to COVID-19).

Los Angeles County’s order as amended also prohibits both residential and commercial evictions based on the presence of unauthorized occupants, pets, or nuisance necessitated by or related to COVID-19.  Further, the April 14 amendment extends a defaulting tenant’s time to pay back the deferred rental payments from 6 months after the expiration of the moratorium period (which is currently set for May 31, 2020 but may be extended) to 12 months.

It is worth reiterating that if a city within Los Angeles County has enacted its own order, then that order would apply over Los Angeles County’s.  It is thus crucial for landlords and tenants alike to familiarize themselves with the order that is applicable to their location, as the vast majority of cities both inside and outside of Los Angeles County, as well as other counties themselves, do not allow for similar “self-certification,” and instead require a defaulting tenant to “demonstrate” or “show” an inability to pay rent due to COVID-19.  When such demonstration or showing is required, tenants should be prepared to provide some form of supporting documentation, which might include bank statements, financial statements, accounts payable/receivable, or any other reasonable documentation.  Given a lack of guidance on what constitutes sufficient supporting documentation, tenants should immediately begin the process of negotiating with their landlords to determine the supporting documentation that will be provided.

In sum, municipal eviction moratorium/rent deferment orders may differ from Los Angeles County’s order by: (a) excluding commercial tenants, or certain commercial tenants, from protection; (b) providing alternative timeframes for notifying landlords of an inability to pay or for making deferred rent payments once the applicable order or the COVID-19 emergency period expires; and (c) requiring a demonstration or showing of an inability to pay because of COVID-19.

For instance, while the City of Los Angeles’ eviction moratorium/rent deferment order also covers both residential and commercial tenants, it: (a) does not extend protections to commercial tenants that are publicly traded companies, transnational companies, or companies with over 500 employees; (b) only grants defaulting commercial tenants a 3 month window after the emergency period to make up deferred payments (defaulting residential tenants have a 12 month window); and (c) was revised to not require defaulting tenants to “show” an inability to pay rent for reasons related to COVID-19; however, it also does not provide for self-certification – whether and to what degree tenants will need to substantiate an inability to pay because of COVID-19 under this order is thus unclear at this time.  (LA City’s Order: http://clkrep.lacity.org/onlinedocs/2020/20-0147-S19_ORD_186585_03-31-2020.pdf.)

In light of the foregoing, all tenants (and to the extent applicable, landlords) should immediately:

  • Familiarize themselves with their applicable order, specifically the notice requirement and deferment periods;
  • If the applicable order so requires, be prepared to provide documentation demonstrating an inability to pay because of COVID-19; and
  • Understand that you will need to pay any deferred rent eventually, so start the conversation with your landlord as soon as possible to work out an agreement.

Preccelerator COVID-19 Resource Center
https://preccelerator.com/category/covid-19-resources/

SA&M authors:

Garett Hill

Jeff Gersh

For more information on these matters, please contact our COVID-19 Task Force at info@stubbsalderton.com or one of our attorneys at SA&M.

Considering a New 409A Valuation in Light of COVID-19

As COVID-19 continues to curtail economic activity, private companies granting equity-based incentive awards should consider whether the pandemic’s impact on their business warrants a new independent 409A valuation of their equity securities.

As a reminder, with limited exceptions Section 409A of the Internal Revenue Code and its associated regulations (“Section 409A” and/or the “regulations”) requires companies to issue equity-based incentive awards at fair market value (“FMV”) to avoid potentially significant tax penalties resulting from a determination that such awards constitute deferred compensation issued under non-qualified deferred compensation plans.

Determining FMV
Section 409A clarifies that a company may determine FMV for stock that is readily tradable on an established securities market (such as the NYSE or Nasdaq) by any reasonable method using actual transactions in such stock as reported by such market. However, determining FMV is more difficult for privately held companies, including early-stage companies, whose stocks are not freely transferrable and/or cannot be readily liquidated.

The regulations provide that such companies may determine FMV for their stock by the reasonable application of a reasonable valuation method, based on facts and circumstances existing as of the valuation date.  Fortunately, the regulations also provide that the use of certain methods, including a valuation determined by an independent appraisal that meets the requirements of the regulations (a “409A valuation”), are presumed to be reasonable.

Impact of Material Events
Companies can generally rely on a 409A valuation for a period of 12 months after the valuation date.  However, the use of such a valuation may not be reasonable if it fails to reflect information available after the date of the valuation that may materially affect the value of the company.  The issue of a 409A valuation not accounting for a material event is more likely to arise when the material event increases the company’s value, since granting equity-based incentive awards at a price above FMV will not trigger the negative tax consequences associated with the issuance of deferred compensation under a nonqualified deferred compensation plan.  Nevertheless, obtaining a new 409A valuation where a material event negatively impacts a company’s value merits review, at least from the perspective of the additional incremental value that may accrue to service providers who receive equity-based incentive awards.  A lower valuation allows a company to issue options and other equity-based compensation at a lower exercise price, meaning a greater potential upside for recipients.

Factors to Consider
While the recent decrease in the value of indices of publicly traded stocks appears to indicate that the COVID-19 pandemic has materially adversely impacted businesses overall, some businesses and sectors have increased in value.  Each company must therefore determine how, and to what extent, the pandemic has impacted its value.  Companies should consider the following in assessing the need for a new 409A valuation:

  • Has the pandemic materially impacted and/or is the pandemic material impacting its business?
  • Does the company intend to issue equity-based incentive awards in the near future?
  • Should the company wait for more clarity regarding its business prospects?
  • How do strategic business initiatives and/or plans factor in?
  • What are the financial and operational costs associated with a new valuation?

In addition, companies should consult with their 409A valuation provider, along with their tax, financial and legal advisors, to assist in their analysis.  The cost of a 409A valuation is generally significantly less than the cost of a full appraisal but the potential benefits for incentive award recipients could be meaningful.

For more information or if you have questions about its effects on your business please contact our COVID-19 Task Force at info@stubbsalderton.com or one of our attorneys at SA&M.

COVID-19 Resource Center
https://preccelerator.com/category/covid-19-resources/

 

SA&M authors:

Louis Wharton

Michael Shaff

Jonathan Sanabria

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

Stubbs Alderton & Markiles, LLP Preccelerator® Program Announces Its Ninth Class of Companies

LOS ANGELES, Calif., March 28, 2018 (Newswire.com) – The Preccelerator ® Program, a Santa Monica, California-based accelerator program for early- stage startup companies in the digital media and technology space, announced today that it has added its ninth class of companies featuring three innovative startups.

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 five years, 37 companies have graduated the Program, of which 24 have received funding totaling over $11.2M.

Louis Wharton, President of the Preccelerator states, “Class 9 is representative of the diverse Southern California tech ecosystem, showcasing fintech, e-commerce and social connectivity.  We’re thrilled to partner with these founding teams as they accelerate development and deployment of their market solutions.”

Preccelerator® Program Class 9 companies include:

PayClub, Inc.payclub – Payclub is the easiest way to organize and collect money with a group. Payclub can be used for any type of group, which we call “clubs.” Payclub enables you to manage the entire process directly from your phone with a few simple taps, empowering groups to come together and gain insight without the need for spreadsheets or outdated systems. Whether you are collecting for your club or organization, to planning that next getaway with friends, Payclub will help bring both your group’s finances and the people who matter most, together.  Based out of Los Angeles, CA, the team is founded by tech, financial, and sales veterans who had a deep need for a solution to managing funds together. It’s time to #JoinTheClub.

Loved Lots, Inc.loved lots – Loved lots offers the best in premium
pre-loved baby goods in one safe and easy to use marketplace.  Buyers enjoy the best selection of top-of-the-line baby gear and Sellers benefit from a marketplace of Buyers who know the value of quality baby goods.  We’ve eliminated awkward cash exchanges and offer a variety of shipping and delivery options to fit your needs.  Rest assured with our Buyer and Seller Protection Programs and feel good knowing that a portion of each sale goes to help children and families in need.

Fork & Spoon, LLCfork & spoon – Connect. Cook. Share. Creating a culinary delight for someone is one of the most genuine expressions of care. Fork & Spoon revolutionizes the dating app paradigm by combining the joy of a home cooked meal with the convenience of a mobile app. Realize or extend your passion for cooking and experience what it’s like to Fork & Spoon.  Put a spark in your day by sharing your culinary adventure stories and even your #kitchenfails with our unique community. Welcome to a place where relationships start with the magic of sharing.

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, brand protection 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 $350,000 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 50 active strategic mentors providing free office hours and discounted services, and provides over 50-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, expand benefits to accepted companies, and will look to make strategic investments backed by strategic angel investors. To apply to the Preccelerator, visit www.preccelerator.com/application.

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

Preccelerator® Program Announces Its Eighth Class of Companies

​The Preccelerator® Program, a Santa Monica, California-based accelerator program for early- stage startup companies in the digital media and technology space, announced today that it has added its eighth class of companies featuring four innovative startups.

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 five years, 34 companies have graduated the Program, of which 20 have received funding totaling over $9M.

Preccelerator® Program Class 8 companies include:

Boomer Returns – Boomer is an ecommerce return platform that brings returns to your front door. The company’s goal is to eliminate the pain points in the return process where they hurt online shoppers the most. If you need clothing or accessories returned, you no longer have to leave your home. Instead, you can use Boomer and a reliable person will be at your door within an hour to handle your returns for you. The company is founded by Pat Bauer and Ben Grabow.

Best Food Trucks – Best Food Trucks (BFT) is the largest food truck platform in the U.S., with over 500 trucks booking lots nationwide. BFT is reinventing the office lunch experience, by providing business parks & office buildings with all the logistics of setting up food trucks, booking, and (coming soon) the ability to skip the line and order ahead from your phone. The company is founded by Matt Geller and Kevin Davis.

Lumenus – Lumenus is an IoT safety company, building a 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). They license their technology out to existing companies to scale the operation across industries and use-cases. They are currently in production with Timbuk2 on a backpack ‘Powered by Lumenus’ launching Spring 2018. The company is founded by Jeremy Wall.

BluAtom VR – BluAtom VR is a provider of a next-generation motion and haptic game controllers for virtual and augmented reality entertainment and training applications — It effectively turns any player’s body into a game controller. The BluAtom system comes with a wireless motion vest, hand controller and network hub to detect as well as enhance the user’s movements for a more natural and immersive virtual reality experience. The system is plug and play, no special device driver is required. The BluAtom VR founding team are Steve KearsleyDean ShipleyFarzad AhmadkhanlouSean Sharifian, and Mark Thimmig and Sean Lee.

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, brand protection 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 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 $250,000 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 50 active strategic mentors providing free office hours and discounted services, and provides over 50-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, expand benefits to accepted companies, and will look to make strategic investments backed by strategic angel investors. 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

SAM Preccelerator® Company nēdl Named Finalist in PILOT Innovation Challenge

nēdlSAM Preccelerator Company nēdl, an app that allows radio listeners to use speech recognition to eliminate the need to go station-to-station to find specific news, sports, talk and music, has been named among the 12 finalists for the PILOT Innovation Challenge. PILOT is an innovation initiative of the National Association of Broadcasters (NAB). The PILOT Innovation Challenge recognizes creative ideas that leverage technological advances in the production, distribution and display of engaging content.

To read the full press release visit here.

About nēdl  
nēdl
 uses proprietary Speech Recognition to let you search within 100,000+ live news, sports, talk, and music broadcast streams to find what you want and listen to the stream or add your unique voice to the global real-time database for instant discovery. Visit www.findnedl.com

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

 

SAM Preccelerator Alumni Tina Hay of Napkin Finance Featured Speaker at “Hypothesis Driven Management”

Women In LAVA and Pivotal Labs are excited to announce
a joint strategy-focused event on October 24, 2017 :

“Hypothesis Driven Management: Learn how to reduce risk
and create the product customers want.”

This is a hands on, experiential session which will take you through the initial stages of assessing the next steps for your company and potential product launch.

Event details:
Monday, October 24, 2017
6-8:30pm

Pivotal Labs
1333 2nd St., Suite 200
Santa Monica, CA 90401

Here’s a brief description of what you will experience:

Workshop Objectives and Agenda:

Building new products will always be challenging and never without risk. However, the processes for creating the right solution, increasing market fit and reducing time to market have evolved significantly over the last decade.

Learn how to:

  • Identify your biggest risk
  • Create an approach for reducing that risk
  • Leverage your customers to test your new approach
  • Generate better insights about your user that will inform all future development

You will work along side two successful entrepreneurs: Jennifer Beall Saxton, CEO of Totsquad and Tina Hay, CEO of Napkin Finance, who will share their experiences as they built their companies and made essential pivots along the way.

Tina Hay

Napkin Finance is a multimedia company that grew out of our own needs for a better way to learn and understand finance.
We developed our platform as a quick and easy resource on everything you need to know about money in 30 seconds or less. Our mission is to empower our readers to manage their money and understand basic financial concepts in a simple, fun and engaging way. In addition to Napkins, we have grown into a wide range of products and features including: Videos, Life Events, NapkinGrams, and Podcasts. Most importantly, Napkin Finance has become a community of ideas and concepts that has empowered our readers to fully understand the complexity of personal finance. Money isn’t boring and educating yourself about it shouldn’t be either!

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

SAM Preccelerator Announces Seventh Class of Companies

PrecceleratorThe Preccelerator® Program, a Santa Monica, CA based accelerator program for early stage startup companies in the digital media and technology space, announced today that it has added its seventh class of companies featuring four innovative startups.

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, a full curriculum, user testing sessions, and access to a strategic perks portfolio with the objective of helping grow a founder’s idea from business concept to a funded company. The Preccelerator has 6 month terms, and adds new companies every 3 months for overlapping terms.   Over the past five years, 22 companies have graduated the Program, of which 18 have received funding totaling over $9M.

Preccelerator® Program Class 7 companies include:

nēdl uses proprietary Speech Recognition to let you search within 100,000+ live news, sports, talk, and music broadcast streams to find what you want and listen to the stream or add your unique voice to the global real-time database for instant discovery.  Visit www.findnedl.com

 

Emerging Visual Realities (EVRealities) delivers 360o Video/Virtual Reality content directly to you. Current events and topics that turn our world – captured in VR – are delivered directly to your editorial and content team for licensing. EVRealities’ global creator community streamlines VR content creation and discovery for your editorial team to develop compelling VR stories for daily publication. An EVRealities membership provides full access to our WebVR gallery, delivery of fresh content, and licensing packages. WebVR previews allows your distributed teams to go beyond the thumbnail and experience the emotional composition of content from anywhere in the world, with or without a headset. Visit www.evrealities.com 

LineForLine is a SaaS platform for music promotion that gives artists the ability to share parts of their songs as lyric video clips. These audiovisual snippets of lyrics with sound are intended to be shared as a form of music discovery and promotion. With a growing demand for visual content, the LineForLine team believes these clips are the best way to accomplish their mission of helping people listen and connect to the message of an artist’s music.  Visit www.lineforline.com

Ca$het –  CA$Het is a multi-services platform (MSP) that allows users to identify, curate, and monetize products in movies and TV shows.  We believe that the entertainment industry creates tremendous value by associating characters and products on screen.  The emotional impact created when actors and products interact has been impossible to monetize due to a lack of a suitable mechanism and marketplace.  We aim to change that through our platform. CA$Het provides a mechanism to quickly and accurately identify on screen products while simultaneously creating the marketplace where they can be purchased. (Coming Soon!)

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, brand protection 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 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 $250,000 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 50 active strategic mentors providing free office hours and discounted services, and provides over 50+ 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, expand benefits to accepted companies, and will look to make strategic investments backed by strategic angel investors. 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

 

Preccelerator® Program Company RentSpree Joins zipLogix™

RentSpreeCongratulations to Preccelerator® Program Company RentSpree for their new partnership with zipLogix, a software app for electronic real estate forms and transaction management. This new partnership integrates RentSpree’s application process with zipForm® Plus to streamline the rental application process for real estate agents and tenants. RentSpree’s Online Rental Application gives you direct access to applicant’s current and previous employment information along with salary, reference information, and additional sources of income.

“This alliance will effectively create a standardized rental application process for all real estate professionals,” said Michael Lucarelli, co-founder and COO of RentSpree. “Together with zipLogix, we’ll be able to reduce exposure for rental litigation by creating a paper trail of due diligence and an outline for best practices.”

To read the full press release on visit here.

Check out RentSpree below:

RentSpreeRentSpreeRentSpreeRentSpreeRentSpree

 

 

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

 

 

Preccelerator® Program Announces Demo Day for Its Sixth Class of Companies and Fifth Anniversary Celebration

Los Angeles Digital Media Tech Accelerator, SAM Preccelerator®, Gears Up for Its Sixth Demo Day and Fifth Anniversary Celebration

Preccelerator®

The Preccelerator® Program, a Santa Monica, CA based accelerator program for early stage startup companies in the digital media and technology sector, announced today that it will be holding its Class 6 Demo Day on Sept. 13, 2017 where four promising startups will present their ideas to the investment and entrepreneurial community.

In addition, the evening will celebrate the fifth anniversary of the Preccelerator® Program that was founded in 2012.  A party on the patio will be held immediately after the Demo Day presentations. To register, click here. Since 2012, the Preccelerator has fostered the growth of 32 companies: 10 which are current, 22 that have graduated, with 18 receiving funding totaling over $9M.

Stubbs Alderton & Markiles launched the first-of-its kind Preccelerator® Program to provide select start-ups with co-working space, mentorship, customized curriculum, sophisticated legal services, user testing sessions, and access to a strategic perks portfolio with the objective of helping grow a founder’s idea from business concept to a funded company. The Program provides these benefits to as many as 10 promising young startups in separate growth tracks.

The Preccelerator® Program demo day presenting companies include:

Argo Animate Objects – Animate Objects (AO), an augmented reality and virtual reality development company, is excited to announce the launch of ARGO, the gamified Augmented Reality (AR) location platform. ARGO adds AR enhanced infotainment, commerce, and analytics that drive engagement and commerce at “Destination Venues”-like theme parks, resort, shopping malls, as well as in-the-wild. Guests are engaged and incentivized while site operators use ARGO’s real-time dashboard to manage, monitor and analyze their properties and visitors.

RentSpreeRentSpree – Most apartment searches involve numerous resources, multiple applications, and too many added fees. Rather than spending massive amounts of time and money applying for individual Los Angeles apartment rentals with separate companies, they’ve created a streamlined system. Simply fill out one application, pay an inexpensive application fee, and receive a soft credit check, sparing you unnecessary damage to your budget and credit score. Best of all, their one-stop application allows you to spend more time exploring your favorite listings, and gives our renters a distinct advantage in a competitive market.

Tapp that App Tapp That App – Tapp That App is a new social, app discovery platform that allows you to see the favorite apps of people you follow on Twitter. From family and friends to professionals and celebrities, you’ll be able to see which apps they love most. But more importantly, you’ll be able to share the apps that you love with your followers and the world. Beyond star ratings, Tapp That App lets you find the apps that matter to the people who matter to you.

Swoppit Swoppit – With recycled fashion now top of mind, Swoppit offers Generation Z women 15-24 the perfect social marketplace. Here, they swap fashion with friends. Swoppit provides Gen-Zers a terrific way to both expand their community and gain access to a far wider selection of style. It’s an easy, fun experience that doesn’t pollute the market. For Gen-Zers, looks count, opinions matter and Swoppit offers them the chance to refresh their closet whenever they like. Swoppit has been founded by a 16-year-old Gen-Zer that understands the market and is driven to make it a success.

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, brand protection 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 games, 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 $250,000 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 50 active strategic mentors providing free office hours and discounted services, and provides over 50+ 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, expand benefits to accepted companies, and will look to make strategic investments backed by strategic angel investors. To apply to the Preccelerator®, visit www.preccelerator.com/application. The next class of companies begins Nov. 1, 2017.

Contact:

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