Berkonomics
SEPTEMBER 26, 2019
On January First, 2020, California will enact the toughest data protection laws ever, far outpacing Europe’s General Data Protection Act (GDPR.) Called the California Consumer Privacy Ace (CCPA), few of us are even aware of this and need to know. California often leads the nation in protective acts, and it is likely that other states will soon follow.
TechCrunch LA
SEPTEMBER 30, 2019
Two years after the Los Angeles-based fintech startup Dave launched with a suite of money management tools to save consumers from overdraft fees , the company is now worth $1 billion thanks to a nascent banking practice that had investors lining up. The company used its overdraft protection service and money management display to shift customers’ focus away from the total balance that their account would show by giving them a sense of how much was actually left in their accounts once debit
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socalTECH
SEPTEMBER 19, 2019
Rivian , the electric truck maker which has offices in Irvine, has received an order for 100,000 electric delivery trucks from Amazon , according to Amazon CEO Jeff Bezos on Thursday. Rivian--which is based in Michigan, but has development offices in Irvine--develops electric powered pickups and other trucks. Rivian had raised $700M from Amazon earlier in the year.
TechCrunch LA
SEPTEMBER 24, 2019
The Los Angeles-based startup Canoo has finally unveiled its first model, the eponymously named canoo. The Canoo designers have departed pretty radically from the traditional designs that other electric vehicle manufacturers have favored going with something that looks more like a VW Microbus than the sport utility vehicle that Byton is aiming for, or Tesla and Fisker’s sportscars and sedans or Rivian’s electric trucks.
Advertiser: Aggregage
Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.
socalTECH
SEPTEMBER 23, 2019
Raising capital for a female-led startup can be very diffiult--which is what Justine Lassoff and Melinda Moore found out when they started their own company, LovingEco, in Los Angeles. So, to help other female entrepreneurs, they founded TuesdayNights (www.tuesdaynights.org), a group in LA which helps female entrepreneurs connect with capital and each other to improve their access to capital.
TechCrunch LA
SEPTEMBER 19, 2019
Congratulations Southern California Gelsons store shoppers, you’re getting Impossible Foods on your grocery shelves. The meatless ground meat substitute will be appearing in stores across the Southern California as the first step in a phased nationwide rollout on Friday. With the step into groceries, Impossible Foods moves into direct competition with its bigger, publicly traded rival Beyond Meat, which is already selling its patties and sausages in major stores nationwide.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
SEPTEMBER 11, 2019
Irvine-based 174 Power Global , a utility-scale, solar energy company which is owned by Hanwha Group, said this morning that it has closed on construction financing for a $210M, 150MW solar power plant near Odessa, Texas. The company said construction and term debt is being provided by Credit Agricole Corporate and Investment Bank and the Korea Development Bank, and an eight-year "solar hedge" is being provided by J.P.
TechCrunch LA
SEPTEMBER 21, 2019
Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy news pertaining to startups and venture capital. Before I jump into today’s topic, let’s catch up a bit. Last week, I profiled an e-commerce startup Part & Parcel. Before that, I wrote about Stripe’s grand plans. Remember, you can send me tips, suggestions and feedback to kate.clark@techcrunch.com or on Twitter @KateClarkTweets.
Startup Professionals Musings
SEPTEMBER 29, 2019
A common request I get while mentoring entrepreneurs is for a copy of the startup checklist they need to follow, in order to build a successful new business. I wish it was that easy. The challenge is that every new business needs to be innovative and different, in order to rise above the crowd, bring real change to the world, and give you the satisfaction you seek.
Xconomy
SEPTEMBER 12, 2019
Tocagen’s experimental gene therapy for brain cancer therapy has failed a late-stage test, sinking the biotech’s stock price below $1. San Diego’s Tocagen (NASDAQ: TOCA ), has been testing its drug in recurrent high-grade glioma, the most common and deadly type of brain cancer in adults. The company said Thursday that the drug combination, Toca 511 and Toca FC, didn’t prolong patient survival in the Phase 3 trial compared to chemotherapy, the standard treatment.
socalTECH
SEPTEMBER 3, 2019
Our interview today is with Amos Schwartzfarb , the author of Sell More Faster: The Ultimate Sales Playbook for Start-Ups , which comes out tomorrow, Wednesday. Schwartzfarb is currently Managing Director of Techstars Austin, but spent a significant time in the Los Angeles technology community working with Jake Winebaum at Business.com. We caught up with Amos to learn about his new book, and to gain some tips for startup entrepreneurs on how to figure out when you're actually ready to scale your
Startup Professionals Musings
SEPTEMBER 11, 2019
In my experience as an advisor to entrepreneurs, business startup founders most often point to a shortage of funds as the primary cause of their startup failure. Yet I often see evidence that points right back at the founder or business owner, attempting to maintain excessive power and influence over of the effort, leading to a wide range of problems and a dysfunctional team.
socalTECH
SEPTEMBER 26, 2019
In the second largest donation ever made to a U.S. university, the California Institute of Technology has received a massive, $750M pledge from entrepreneurs Stewart and Lynda Resnick, to go to environmental sustainability research. The entrepreneurs--who own The Wonderful Company--will go towards research into what Caltech says are the "most pressing challenges" in environmental sustainability.
socalTECH
SEPTEMBER 26, 2019
A new effort to punish China appears to likely to instead hit Los Angeles jobs instead , due to an obscure provision in a national defense bill, which seeks to bar Chinese manufacturers from supplying things like train cars and buses to the United States. According to a report from Wired, a provision in that national defense bill would block BYD , which manufactures electric buses in Lancaster, from the U.S. market.
TechCrunch LA
SEPTEMBER 11, 2019
Goop is cashing in on pseudoscience and, in the process, giving natural health practices a bad name. Krista Berlincourt, the co-founder and chief executive officer of a new startup, Kensh? Health , hopes she can take back the narrative. “We’re the antithesis of Goop,” Berlincourt, a fintech veteran who previously led marketing and product at Simple Finance, tells TechCrunch.
L.A. Business Journal
SEPTEMBER 4, 2019
Advertising technology software firm SRAX Inc. announced Tuesday it will bring its product offerings to Europe, an expansion made possible by the closing of an Aug. 12 equity worth $5.5 million.
Berkonomics
SEPTEMBER 19, 2019
Let’s talk about surprises. And whether to warn your superiors or your boards about these unraveling events early. You have a dashboard or KPI’s, don’t you? Every good executive has a set of critical data points that best alert him or her to the changes in the flow of business most important to note and in many cases to curb a negative trend early in the game.
Xconomy
SEPTEMBER 23, 2019
Ivan Liachko turned postdoctoral research at the University of Washington into a company whose genomics tools are now found in laboratories researching human, animal, and plant health. His firm, Phase Genomics was one of the first startups to come out of UW’s genome sciences department. As a first-time entrepreneur working from UW’s incubator more than five years ago, Liachko says he didn’t think much about the rarity of genomics startups spun out of university research.
Startup Professionals Musings
SEPTEMBER 30, 2019
Outside of dreams, there is no real business opportunity without risk. Serious entrepreneurs know that, but too many “wannabes” still fall for that elusive get-rich-quick scheme with no risk. As an active angel investor, I still hear entrepreneurs asserting large opportunities with minimal risk and no competition. My conclusion either way is that they have no market, or haven’t looked.
socalTECH
SEPTEMBER 5, 2019
Ventura-based 3D printer maker Nexa3D is continuing to expand out its reseller network, saying this morning that it has added a new partner to help it expand into Russia. According to the company, it has linked with SIU System, a Russian supplier of 3D printers and additive manufacturing solutions that serves Russia and the Commonwealth of Independent States.
TechCrunch LA
SEPTEMBER 18, 2019
Most of the venture capital firms covered in TechCrunch and other tech publications compete for a spot on the cap table of the hottest Bay Area, New York or Los Angeles companies of the moment. Few seek out companies in Indianapolis, Milwaukee or Tampa. AOL co-founder and former chief executive officer Steve Case’s venture capital fund, Revolution , deploys capital to companies “outside of the hotbeds.
L.A. Business Journal
SEPTEMBER 17, 2019
Car leasing startup Fair secured a $500 million loan from Mizuho Bank in the company's third line of credit since July.
Berkonomics
SEPTEMBER 12, 2019
Are any of these little lies worth worrying over? “He’s not in right now.” “I am going to the doctor at that time.” “I paid only two dollars a unit to your competitor.” Whether not true and used to avoid hurting someone’s feelings, or whether used to gain an advantage in a negotiation, these little business lies are acceptable because they achieve their intended result without actually hurting the other party.
Xconomy
SEPTEMBER 27, 2019
No one would argue that San Diego is overflowing with venture capitalists in the way, say, the San Francisco Bay Area is. In fact, the region’s relative dearth of investors is often bemoaned by local entrepreneurs. But, at least once yearly, that changes, and the community gets to hear insights from prominent outside VCs firsthand. Venture Summit —an annual gathering of local founders seeking financing and venture investors, primarily from outside San Diego, on the hunt for companies to ba
Startup Professionals Musings
SEPTEMBER 4, 2019
It really is possible for an introvert to succeed as an entrepreneur, even though you can’t expect to start and build a business alone. You need to build business relationships with partners, team members, investors, and of course customers. In fact, all you need to do is follow the model of some famous self-proclaimed introverts , including Elon Musk, Mark Zuckerberg, and Bill Gates.
socalTECH
SEPTEMBER 5, 2019
Playa Vista-based Appetize , which develops tablet-based point-of-sale (POS) products, said this morning that it has added integration with Quick Server Restaurant (QSR) software and services providers Olo, Punchh, and SynergySuite. According to Appetize, the partners are using the "Appetize API engine", which lets partners integrate their services within its product suite.
TechCrunch LA
SEPTEMBER 9, 2019
Former New York Yankees all star Alex Rodriguez is racking up quite an impressive batting average in his new career as an investor and has added Fitplan to his roster of portfolio companies. The Los Angeles-based workout app launched by Landon Hamilton and Cam Speck has closed on $4.5 million led by A-Rod and Corazon Capital, and has added new celebrity athlete trainers — including Rodriguez — to cover the needs of would-be sports stars and interested amateurs alike. “One of th
L.A. Business Journal
SEPTEMBER 13, 2019
Mid-Wilshire-based Verifi, which develops software to secure electronic payments for businesses, was acquired by Visa Inc. Sept. 12.
Berkonomics
SEPTEMBER 5, 2019
Here’s one that targets most any company that has taken investments at any stage, as well as more mature companies. Why would you split the positions? More and more today, shareholder organizations recommend that the positions of chairman and president (or CEO) be split, so there are checks and balances at the board level in the leadership. This recommendation is true for all companies with outside investors who are active and have or seek board representation.
Xconomy
SEPTEMBER 23, 2019
The year 2019 has been another dreadful period for cyberattacks. The most notorious lowlights include: —More than 40 municipalities , including Baltimore, Albany and 22 cities in Texas alone, have seen their computer systems crippled by ransomware attackers demanding millions of dollars. —In one of the largest data breaches ever , a hacker broke into a Capital One server with a misconfigured firewall and gained access to more than 100 million customer accounts. —And, in the
Startup Professionals Musings
SEPTEMBER 23, 2019
The realm of an entrepreneur is all about change, but in my experience as a mentor to business founders, I hear too much about incremental change, and not enough about revolutionary change. Adding a couple of new features to Facebook, and calling it something new, may seem less risky, but creating a whole new industry, such as smartphones, has far more potential.
socalTECH
SEPTEMBER 6, 2019
Startup Boost Los Angeles has opened up applications for its Fall 2019 class, according to the group. The programs--which does not charge fees or take equity from companies in its program--says it is seeking nine early stage startups to take part in its eight-week program, designed to help early stage startups. Startup Boost Los Angeles says its program includes six weekly workshop sessions and one demo night hosted by Google, in Venice.
SoCal Tech Calendar
SEPTEMBER 26, 2019
Wednesday, October 2, 2019 --.
L.A. Business Journal
SEPTEMBER 19, 2019
Esports league organizer PlayVS announced Sept. 19 it raised a $50 million Series C to hire more staff and further its reach into amateur esports competitions.
Southern California Edison Blog
SEPTEMBER 23, 2019
Managing a school comes with its own unique set of network challenges. Specifically, running a large school or university requires network solutions that are tailored to accommodate its size and functionalities. . Educational institutions also have to deal with strict budgetary constraints and have an increased need for secure networks. Finding the right solution that suits the unique needs of a medium-large sized school can be difficult and selecting the wrong network solution can be costly. .
Xconomy
SEPTEMBER 19, 2019
In the nucleus of human cells sit our chromosomes, comprised mainly of tightly wound DNA. In some cells, however, some pieces of genetic material that exist within the nucleus are not attached to a chromosome—and a new company, Boundless Bio, believes these “extra” pieces of DNA play a key role in driving some especially aggressive solid-tumor cancers.
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