April, 2019

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The Truth About the Scooter Economy?—?An Insider’s Perspective

Both Sides of the Table

The Truth About the Scooter Economy?—?An Insider’s Perspective “Bird Zero” that are custom designed by the company There is a story arc of the electric scooter market that took the world by storm in 2018, was second-guessed late in the year and has quietly re-emerged as a powerful force of growth where few really appreciate the speed and scale of what has happened.

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Beyond Meat prices its public offering

TechCrunch LA

Beyond Meat , the meat replacement company whose packages of Beyond Burgers line grocery store aisles across America, has priced its initial public offering. The company is looking to raise roughly $200 million in the stock sale for its portfolio of burger, chicken and sausage replacements, selling 8.75 million shares of common stock at an upper limit of $21 per share that would value Beyond Meat at more than $1 billion.

Pricing 236
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How Rolebot Wants To Eliminate The Resume, With Shane Bernstein

socalTECH

Anyone who hires anyone, or has ever looked for a jobs knows how important a resume is. However, in the technical arena--as a programmer, developer, or software engineer--it's hard to tell from a resume how good you really are. Plus, it's often difficult to find that technical talent, which might not be looking for a job. That's where Los Angeles-based Rolebot (www.rolebot.net) comes in.

Sites 240
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Which Circle Do You Want To Be In…The Blue One (NHL) or the Red One (TED)?

Eric Greenspan

The NHL centre ice circle is blue. The TED carpet that speakers stand on is a red circle. Both are highly desired places to stand, speak or skate. But the best way to get to either is to focus on what will get you there, not on getting there. Focus on the work, development, the achievements and the ride, and maybe, although unlikely, you’ll stand in one of those circles one day.

Writing 179
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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

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.

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Your core competency and why not to stray

Berkonomics

Consider your core. It is the one skill, process or advantage you have over your competition. Then think of all the things you do to surround that core with people and assets that complete your company and allow you to release your product or perform your service. Which of your IP assets is your core? Now consider how many of those surrounding assets and services are really necessary for you to perform in order to protect and grow your core.

Resource 120
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Study: 17% of Tech Workers Are High on the Job

Tech.Co

Nearly 17 percent of tech workers admit to being under the influence of marijuana while at work at some point in their careers, according to a new study. Not only that, but the number is on the rise: Either a steadily increasing number of people are getting high at work, or they’re just increasingly willing to admit it. Here’s a look at the phenomenon, along with a few educated guesses as to the reasons behind the the growth of the stoned working class.

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A new Tesla Model S can now drive from Los Angeles to San Francisco on a single charge

TechCrunch LA

Tesla has announced that it has extended the range of its Model S vehicle to 370 miles and Model X to 325 miles on a single charge — extending the range of its flagship car to make the trip from Los Angeles to San Francisco on a single charge. . The extensions beat Tesla’s previous records for mileage per charge using the same 100 kWh battery pack, the company said.

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eTailPet Finds $800K Seed Funding

socalTECH

Los Angeles-based eTailPet , a new startup which helps pet store owners create online e-commerce sites, has received a round of seed funding, the company said this week. The seed funding was worth $800K, and led by Moonshots Capital, and also included individual angels from the pet industry. eTailPet lets pet stores create their own websites, post their catalog, accept orders for in store pickup or delivery, and more, offering up a number of templates, mobile optimization, and outsource customer

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5 Startup Cost Realities Most Founders Underestimate

Startup Professionals Musings

Image via Flickr by Phil Gyford Starting a new venture still costs real money, even though the entry price has come down dramatically in last few decades. For example, I come from a software background, and back in the early PC days, it could easily cost half a million dollars for a team of professionals to produce a commercial product. Now, with powerful high-level tools and open source software, winning smartphone apps can be built by a good hacker for a few thousand dollars.

Startup 105
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The four “P’s” to help you build a great business

Berkonomics

How do you manage a great business, as opposed to be a survivor? Well, here are the four areas you should focus upon every day. Now, some of us remember things better when given a catchy phrase or rhyme. So, here’s one to help you with squeezing the most out of your own available resources. In this new reality in our business world, there is certainly little room for mistakes and no room for bloat within our companies.

Help 120
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SoCalBio Innovation Catalyst Program (May 3rd, 2019)

SoCal Tech Calendar

Friday, May 3, 2019 -- SoCalBio Innovation Catalyst Program. During this meeting, emerging companies will make presentations to the SoCalBio Company Screening and Mentoring Committee. This meeting is one of numerous company screening sessions organized by the Southern California Biomedical Council (SoCalBio) in preparation for the 21st Annual SoCalBio Conference to be held on September.

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To Help Boost Female-led Startups, More Women Join Investor Ranks

Xconomy

Houston —Men have long leveraged their networks to succeed in business, and the tech industry has been no exception. Women, finding themselves outside of the club, are now creating their own networks to do the same. Katelyn O’Shaughnessy already had a solid track record, selling TripScope , a travel startup she co-founded in 2013, to Travefy two years ago.

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Snap is channeling Asia’s messaging giants with its move into gaming

TechCrunch LA

Snap is taking a leaf out of the Asian messaging app playbook as its social messaging service enters a new era. The company unveiled a series of new strategies that are aimed at breathing fresh life into the service which has been ruthlessly cloned by Facebook across Instagram, WhatsApp, and even its primary social network. The result? Snap has consistently lost users since going public in 2017.

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j2 Global Buys Four More Companies

socalTECH

Los Angeles-based j2 Global , the parent company of such companies as IGN, Mashable, eFax, and eVoice, has gobbled up four more companies, saying this morning that it has acquired Armada Cloud , a provider of cloud-based backup services; iContact , a provider of marketing cloud services; SafeSend AS , a Norwegian company in the cloud security business; and Telsys AS , a cloud backup service also based in Norway.

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Why It Pays To Focus Your Business On A Narrow Niche

Startup Professionals Musings

Image via Picpedia Everyone in the business world has heard of the old bestseller by Geoffrey A. Moore titled “ Crossing the Chasm ,” but most entrepreneurs have no idea how it relates to them. In fact, it’s all about the “focus” required to get early stage technology products across the deadly chasm from early adopters to mainstream customers. Most investors and startup professionals expand this concept of focus to apply to key issues of every aspect of strategic and tactical planning in a star

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Here’s how NOT to define your competition

Berkonomics

We investors see this all the time. An entrepreneur pitches using a deck with no slide for competition. When asked (as we always do,) the response is “This is new. We have no competition.”. Niet! No! Unh unh. Professional investors laugh when they hear an entrepreneur come out with that one. That statement has killed more investment deals than almost any other.

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Recurring Revenue Conference

SoCal Tech Calendar

Wednesday, May 1, 2019 -- Recurring Revenue Conference - April 30 to May 1st - Marina Del Rey. Welcome to the 5th annual Recurring Revenue Conference: Scaling SaaS and Subscription Businesses presented by Sutton Capital Partners. Join 700+ entrepreneurs, executives and leading investors to discuss the Subscription Economy. Hear from companies including Zenefits, Mavenlink, Dollar Shave Club, ipsy, Sage Intacct, ProfitWell, Headspace, Winc and many more.

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VC Trends in 2019: More Money, Fewer Deals But Women Still Get Less

Xconomy

If you’ve been following venture capital trends, what you expected to happen in the first quarter of 2019 did: More money is being invested in fewer deals, and women founders still are getting less of it than men. Venture firms sent $32.6 billion into startups nationally during the first three months of 2019, the second largest amount for any quarter since at least 2006, according to data released overnight by PitchBook and the National Venture Capital Association.

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The team behind Baidu’s first smart speaker is now using AI to make films

TechCrunch LA

The HBO sci-fi blockbuster Westworld has been an inspiring look into what humanlike robots can do for us in the meatspace. While current technologies are not quite advanced enough to make Westworld a reality, startups are attempting to replicate the sort of human-robot interaction it presents in virtual space. Rct studio , which just graduated from Y Combinator and ranked among TechCrunch’s nine favorite picks from the batch, is one of them.

Startup 235
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Enevate Gets Funding Injection From Thai Energy Giant

socalTECH

Irvine-based battery charging technology developer Enevate , which is aiming its technology at the electric vehicle (EV) market, announced this morning that it has received a round of funding from Bangchak , a Thai energy company. Enevate said the funding came via the Bangchak Initiative and Innovation Center (BiiC). Financial details and terms of the deal were not announced by the company.

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10 Wins From Driving Multiple Concurrent New Ventures

Startup Professionals Musings

Image via Flickr by watsonsinelgin With the cost of entry at an all-time low, and the odds of success equally low, more and more entrepreneurs are starting multiple companies concurrently. This “parallel entrepreneur” idea has been around since at least the days of Thomas Edison, and for the new generation of entrepreneurs, who have been multi-tasking since birth, it’s probably not even a stretch.

Startup 99
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What’s the minimum information to give your investors?

Berkonomics

Every investor wants regular information from companies taking their money. And most of us investors are frustrated by the lack of regular communication – unless of course – the company needs more money. On the other side, entrepreneurs and CEO’s usually have a natural fear of giving too much information to us investors after the initial investment is received.

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Recurring Revenue Conference

SoCal Tech Calendar

Tuesday, April 30, 2019 -- Recurring Revenue Conference - April 30 to May 1st - Marina Del Rey. Welcome to the 5th annual Recurring Revenue Conference: Scaling SaaS and Subscription Businesses presented by Sutton Capital Partners. Join 700+ entrepreneurs, executives and leading investors to discuss the Subscription Economy. Hear from companies including Zenefits, Mavenlink, Dollar Shave Club, ipsy, Sage Intacct, ProfitWell, Headspace, Winc and many more.

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AACR 2019 Roundup: Notes from a Weekend of Early Stage Cancer Results

Xconomy

[ Editor’s note: Alex Lash co-authored this report ] The American Association for Cancer Research’s annual meeting is wrapping up in Atlanta today. The conference typically focuses on early research and clinical work, not the big trials that can change the way doctors practice medicine and that compete for headline space at conferences like the American Society for Clinical Oncology.

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Canoo, the electric vehicle startup formed from Faraday Future’s ashes, seeks $200 million

TechCrunch LA

Less than a month after rebranding as Canoo , the startup electric vehicle company formerly known as Evelozcity is on the hunt for $200 million in new capital. The startup, which is backed by a clutch of private individuals and family offices hailing from China, Germany, and Taiwan, is hoping to line up the new capital from some more recognizable names as it finalizes supply deals with vendors, according to a person with knowledge of the company’s plans.

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Karma Automotive Taps BMW For Engine Technology

socalTECH

Irvine-based Karma Automotive , the revived, startup auto maker, says it has inked an agreement with BMW AG , to use BMW's engine technology in its automobiles. According to Karma Automotive, its vehicle, the 2020 Revero luxury car, will use a BMW TwinPower Turbo three-cylinder in-line engine. The company said the engine will be used to power an on-board electric generatorand to enhance overall vehicle performance.

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6 Tips to Boost Workforce Engagement and Motivation

Startup Professionals Musings

Image via Wikipedia The challenge for all of us in business is to improve competitiveness by improving employee productivity and reducing costs. According to Gartner , one of the biggest drags on productivity is employee engagement, still hovering around 30 percent, and costing our businesses over $450 billion per year. I believe the only way to improve engagement is to make work more satisfying.

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Kindbody raises $15M, will open a ‘Fertility Bus’ with mobile testing & assessments

TechCrunch LA

Kindbody , a startup that lures millennial women into its pop-up fertility clinics with feminist messaging and attractive branding, has raised a $15 million Series A in a round co-led by RRE Ventures and Perceptive Advisors. The New York-based company was founded last year by Gina Bartasi, a fertility industry vet who previously launched Progyny, a fertility benefit solution for employers, and FertilityAuthority.com, an information platform and social network for people struggling with fertility

Mobile 167
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Blueland launches with a suite of eco-friendly cleaning supplies designed to reduce plastic waste

TechCrunch LA

Sarah Paiji had the idea to launch the eco-friendly refillable cleaning supply retailer Blueland after hearing about the abundance of microplastics in the water she was using to dilute her child’s baby formula. Paiji wanted to cut back on her plastic consumption, and reduce her contribution to the overabundance of plastic waste in the environment, but felt that as a consumer she didn’t have a choice.

Design 161
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CitySourced Merges With Rock Solid Technologies

socalTECH

Los Angeles-based CitySourced , which develops mobile apps to help cities communicate with their constituents, has merged with Rock Solid Technologies , a provider of software to the government. Financial terms of the merger were not announced. Rock Solid is owned by private equity investor Strattam Capital. CitySourced was founded in 2009, and is led by CEO Jason Kiesel.

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Lucid Sight, Backed By MLB, Finds Another $6M To Combine Video Games, Blockchain

socalTECH

Los Angeles-based video game startup Lucid Sight , which is combining both videogames with blockchain, has raised $6M in a funding round, the company is announcing this morning. According to the startup, the new round of funding included Salem Partners, The Galaxy EOS VC Fund, Digital Currency Group, Breakaway Growth, Frontier Venture Capital, and Animoca Brands.

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Blockchain, Video Games, and the MLB: Interview with Randy Saaf, Lucid Sight

socalTECH

For all the hype around the blockchain  the computer algorithms behind the popular Bitcoin cryptocurrency  there are some real, solid promise behind the technology. Los Angeles-based Lucid Sight (www.lucidsight.com) is applying that technology behind the scenes to help power video games, using the digital asset features of blockchain to build ownership and scarcity into collectible video games.

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eTailPet Finds Seed Funding

socalTECH

Los Angeles-based eTailPet , a new startup which helps pet store owners create online e-commerce sites, has received a round of seed funding, the company said this week. Size of the funding was not announced. The funding was led by Moonshots Capital. eTailPet lets pet stores create their own websites, post their catalog, accept orders for in store pickup or delivery, and more, offering up a number of templates, mobile optimization, and outsource customer support.

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Red 6 Aerospace Lands $2.5M For AR Technology

socalTECH

Los Angeles-based Red 6 Aerospace , a startup developing Augmented Reality software aimed at used in what it says are "high-speed, dynamic environments", has raised $2.35M in a seed funding round. The funding was led by Moonshots Capital, and also included Irongate Capital Advisors, as well as angel investors. The company was founded by a veteran of the Royal Air Force, Daniel Robinson, a former fighter pilot for the RAF.

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NEXT Hires Trio Of New Execs, As It Eyes Major Expansion

socalTECH

Lynwood, California-based NEXT , the developer of trucking and shipping logistics technology led by CEO Lidia Yan, has hired a trio of new executives--and says it is planning to add over 200 employees this year in a major expansion. The company, which helps match truckers with freight loads, said it has named. Jim Patterson has joined the company as Chief Product Officer, Bobby Napiltonia joined as Chief Revenue Officer, and Lyndal Larkin joined as Head of People.

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SpaceX Seeking $510M In New Funding

socalTECH

Hawthorne-based SpaceX is looking to raise another $510M in funding--the second time the firm has gone out for funding this year-- according to a regulatory filing from the firm. The funding will bring SpaceX's total raised to more than $2.75 billion, and reportedly values the rocket firm at over $30 billion. The new funding came to light after another, successful launch for the company--the first, commercial flight of a Falcon Heavy rocket on Thursday.

SpaceX 149