A 20th year. Hollywood media and technology company J2 Global just celebrated its 20th anniversary, a big feat for a company whose shares almost dipped to $0 during the market collapse between 2000 and 2001.
Hip conference calls? Investors have given $2.2 million to Unmute, a Venice start-up whose app lets people start conference calls that anyone can join. The idea is for friends or celebrities to host discussions, and “un-mute” others as they please. There’s no video component, but users can chat and share photos during calls; recordings are shareable on social media. The cash came from Greycroft Partners, Comcast’s venture capital group and others.
Hip men’s clothing. Trendy Butler announced that it now ships men’s clothing to 5,000 subscribers a month and that it has raised $1.2 million in debt financing. Hong Kong-based Capital Union Investments led the funding round. For $65 a month, the Los Angeles start-up aims to provide clothing worth $150 at retail.
Elsewhere on the Web. Parachute Home, a company that makes bedding sheets, is putting to use some of its early revenue and the $10 million that venture capitalists have provided. The Venice start-up, which had a pop-up shop last year, plans to open a permanent store in the beachside neighborhood this spring, according to Racked.
Over at Tinder, a dating app with five times as many daily users as Grindr, Chief Executive Sean Rad tells Fast Company that he and his colleagues didn’t strike it rich when parent company Match Group recently went public. Tinder has its own set of shares, and Rad said his West Hollywood company eventually could go public or accept an acquisition offer.
Managed by Q is pitching its office management app to Los Angeles companies, according to L.A. Biz. The New York City start-up aims to simplify the process of coordinating office cleanings, maintenance requests and supply orders. Managed by Q’s employees and vendors provide the services.
WaiveCar began offering free, two-hour car rentals in Santa Monica and Venice, according to Money. The company hopes huge ads covering the cars can subsidize the rentals.
In case you missed it. Car-hailing app Uber agreed to pay California regulators a $7.6-million fine for failing to hand over business data in 2014.
Coming up. Cisco Executive Chairman John Chambers and General Electric Vice Chair Beth Comstock are among the planned keynote speakers at the the Montgomery Summit, one of Los Angeles’ biggest technology conferences. This week, the summit also plans to name as keynote speakers Rob High, vice president and chief technology officer for IBM’s Watson artificial intelligence group, and retired Army
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