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Understanding “The Funding Angle” I sit at enough board meetings to hear conflicting advice given to entrepreneurs about how to handle PR and announcements at startups. Is Funding a Worthy Announcement? There are reasons you may delay funding announcement but rarely reasons not to announce. But trust me on this.
Los Angeles-based online content developer Machinima said Thursday that it has laid off 42 people at the company, all from its sales force, as the company continues to struggle with low ad rates and the large chunk of revenues that are claimed by Google from multi-channel networks. READ MORE>>.
It all looked good at the time: oil company Exxon needed to develop a more earth-friendly way to produce oil, and San Diego startup Synthetic Genomics needed funding to get its technology off the ground. But then, ExxonMobil cut back its original investment--worth up to $600M--in Synthetic Genomics. What happened? READ MORE>>.
I will repeat my appeal from last week: Maybe you’re a startup founder, a safety driver at an autonomous vehicle developer, a venture capitalist, engineer or gig economy worker. This week, we’ll highlight Via’s Series E funding round that was led by Exor. A novel rewards program. Here’s one. Deal of the week.
San Diego-based Verari Systems , a developer of blade server technology, has shut down, according to publication InsideHPC. Verari had raised over $59M in funding from such investors as Carlyle Group, Celerity Partners, Sierra Ventures, and Voyager Capital. Tags: verari systems blade server shutdown employment jobs layoff.
The firm said in a statement that the firm's vehicle development has "outpaced the rate of fundraising" at the firm, and it is now adjusting its production schedule to "align with financing realities." Tags: aptera venture capital layoff employment jobs electric green automobile auto. Aptera is venture backed by Google and Idealab.
The bankruptcy follows a layoff of all of the company's employees in July , when it said it was unable to raise money to further fund its spacecraft development efforts. At the time of the layoffs, it said it would be continuing to look for funding.
Heavily backed, concentrating solar photovoltaic technology developer Amonix , which is based in Seal Beach, is set to lay off 76 workers across its offices in California, according to regulatory filings with the state. The company also had received a $90M Department of Energy loan guarantee. READ MORE>>.
UK-based augmented reality technology developer Blippar , which had been backed by Qualcomm Ventures, has gone into administration in the UK--their equivalent of bankruptcy--after failing to obtain new funding for the company. Blippar said it expects a court appointed administrator to find a buyer for all or parts of the business.
Los Angeles-based 60Frames , an online entertainment studio developing professionally produced, online content, has reportedly shut down , according to The Hollywood Reporter. in funding in 2007, from Tudor Investment Corporation and the Pilot Group, and was apparently unable to raise a second round of financing. READ MORE>>.
Syndio , a developer of software being used by companies to help fix pay inequities in the workplace--and whose co-founder is based in LA--has raised $7.5M in a Series A funding. The funding came from Voyager Capital and the Emerson Collective. The company's CEO is Maria Colacurcio. READ MORE>>.
XCOR--which has been working on developing a "space plane" since at least 2005--said the layoffs came due to "adverse financial conditions", although it apparently is still looking for funding. XCOR has apparently laid off all of its employees , due to the inability of the company to raise money.
Irvine-based Cortex Pharmaceuticals , a developer of biopharmaceuticals for treating psychiatric disorders, neurological diseases and brain-mediated breathing disorders, said Thursday that it has cut half of its staff as part of a restructuring. Tags: employment layoff cortex pharmaceuticals psychiatric lifescience.
It's unclear what the troubles at A123 mean for Fisker, which itself has seen troubles this year, including issues with gaining access to funding from the Department of Energy, and a subsequent layoff. READ MORE>>.
A huge number of tech companies have made layoffs in 2022 , whilst others have taken advantage of video conferencing software and other remote collaboration tools to offer flexible working arrangements and retain the best talent. That’s even higher than “funding” (43%), “time” (41%), and “cash flow” (40%). Survey Says: Go Your Own Way.
I’d rather be Roger Ehrenberg with a thesis around data-centric companies and base my investment decisions on the skills I’ve developed in my career. Either downside scenario requires angel deals to be funded further. Yes, the VC industry was over funded and too many non value-add people entered the industry.
The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department. Founder and CEO Kevin Czinger didn’t provide specific numbers. However, he did confirm to TechCrunch that he had to reduce staff due to the COVID-19 pandemic. . The company’s No.
I work hard to create working relationships with my fellow non-management board members in the same way that every investor ultimately works to develop strong working relationships with founders. Should we cut costs, do layoffs, close divisions and focus scare resources on fewer projects? The founders of a company are fighting.
Respect and develop a positive working relationship with his co-workers. ” That way you aren’t hitting him up on an important topic when he might be stressed out about company layoffs, fund raising or some other major stress at work. office manager, finance manager and/or assistant if he has one.
We've used the profits from NeoHire for funding. The exciting this, and the biggest benefit from bootstrapping this from recruiting, is I've been able to develop, and hand-pick a world class technology team. It was developed from a different angle. Josh Stomel: We're seeing more and more layoffs every day.
Aliso Viejo-based High Tower Software, a venture-backed developer of security, compliance, and log management software, has shut down. High Tower was backed by Falcon Fund, Hallador Venture Fund, INROADS Capital Partners, J.F. High Tower was backed by Falcon Fund, Hallador Venture Fund, INROADS Capital Partners, J.F.
That keeps people from pushing themselves to develop the kind of new solutions that will permanently change the business for the better, versus short-term band-aids. Distinguish growth opportunities from survival efforts, and make sure they are adequately funded, rewarded, and measured. Connect operations today with long-term goals.
Finally, the firm also said that it has appointed Michael Murphy of AlixPartners as its interim COO and interim Chief Administrative Officer as part of the funding. In a related move, the company said that it has engaged the services of Lazard to help the firm develop and implements its business divsestiture strategy. READ MORE>>
After guiding the CRISPR-Cas9 genome-editing startup from scientific breakthrough toward the development of a potential cutting-edge medicine, slogging victoriously through a legendary patent fight , and reaching the cusp of an historic clinical trial , the well-traveled Bosley is cutting out, the company said Tuesday.
” —Company funding news: Tesaro (NASDAQ: TSRO ) of Waltham, MA, said it took advantage of positive Phase 3 data to raise $409 million in a secondary stock sale…Protagonist Therapeutics, based in Milpitas, CA, has filed for a $75 million initial public offering. million in funding, according to a regulatory filing.
military’s high-tech think tank DARPA described Safe Genes, a new program to fund safety measures that can be built into genome editing technology or counter its potential wayward effects. The funding could be as much as $100 million, and the first grants will be announced in 2017. Shares immediately fell more than 40 percent.
If you want fireworks this weekend, you can either celebrate the 4th of July or watch the latest post-Brexit political developments in Britain. The technology was funded by the Department of Defense and comes from MIT’s Lincoln Lab. If you want a roundup of the week’s biotech’s news, read on.
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