8minute Solar to Build Plant
L.A. Business Journal
JUNE 29, 2020
Mid-Wilshire-based 8minute Solar Energy has signed a contract to develop a 250-megawatt solar energy and storage project in Kern County.
June, 2020
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Anthos Capital and NBA All-Star Baron Davis back LA-based college tuition savings service, UNest
TechCrunch LA
JUNE 16, 2020
UNest , a Los Angeles provider of financial planning and savings tools for parents including college savings plans and other beneficial investment vehicles for various life events, has raised $9 million in a new round of funding, the company said. . Its round will be used to speed up its growth through strategic hires and partnerships, according to UNest.
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ClickUp Collects $35M
socalTECH
JUNE 25, 2020
San Diego-based ClickUp , a startup which develops "remote work" software aimed at helping organizations collaborate on projects, has raised $35M in a Series A funding round. The funding was led by Craft Ventures, and also included Georgian Partners. As part of the funding, David Sacks has joined the board. According to ClickUp, its customers included Google, Nike, Uber, Airbnb, Netflix, and Ubisoft, where it helps replace or integrate workplace applications for employees.
5 Stages Of The Market Lifecycle Gate Startup Success
Startup Professionals Musings
JUNE 24, 2020
As a frequent advisor to new entrepreneurs and startups, I often hear your frustration with being treated differently from other startups by investors, on expectations for valuation , traction, and market size. Of course, it could be your level of experience, or the quality of your team, but the difference is often more related to the lifecycle stage of the market you are trying to enter.
Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19
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.
How to measure your power in the Internet marketplace.
Berkonomics
JUNE 25, 2020
There are several key performance indicators that help new generation company management see more clearly their progress and corporate health. The old measures, including return on investment, percentage of profit against revenue or employee count, and more, obviously are still relevant. But businesses that expose their story to tens of millions of potential customers through the Internet need additional tools.
Reneo Readies for Global Test of Drug for Rare Mitochondrial Disease
Xconomy
JUNE 23, 2020
Reneo Pharmaceuticals has encouraging results from an early trial of a compound it is advancing for rare diseases characterized by impaired mitochondria—our cells’ energy generators—and the company says it is now designing a large global study of its drug candidate. Headed by president and CEO Niall O’Donnell (pictured), the San Diego-based company launched last year with $50 million and an investigational small molecule drug it licensed from High Point, NC-based vTv Therapeutics (NA
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More Trending
Elementary Robotics is making its quality assurance robots commercially available
TechCrunch LA
JUNE 30, 2020
Two years and more than $17 million after it first began working on its robots for quality assurance, the Los Angeles-based Elementary Robotics has finally made its products commercially available. The company already boasts a few very large initial customers in the automotive industry, consumer packaged goods and aerospace and defense, including Toyota, according to chief executive Arye Barnehama.
Bhavuk Kaul, How Gift a Plate Is Trying To Help Local Restaurants, Hungry
socalTECH
JUNE 15, 2020
Recently, A new, nonprofit organization, Gift A Plate (www.giftaplate,org), launched effrts in Los Angeles, to allow people to donate to help both restaurants and families in need. The organization said it is looking to help aid restaurants and families who have been greatly impacted by COVID-19 in LA. The new nonprofit is was created by software company PlateIQ (www.plateiq.com), and is led by Bhavuk Kaul, who who chatted with about the new effort.
7 Ways Your Day-To-Day Routine Drives Startup Success
Startup Professionals Musings
JUNE 29, 2020
Most of the young entrepreneurs I know are classic proof of the old adage that people tend to overestimate what they can do in a short period, and underestimate what they can do over a long period. They become frustrated when they are unable to build their startup over a weekend, and give up way too soon when the path to real success seems to be interminable.
Economics 101: If water flows downhill, then why fight it?
Berkonomics
JUNE 11, 2020
You’ll get the importance of this in a moment. Hang in there. Substitute the word “money” for “water” and we have an explanation for most all the reasons why successful products move from concept through early adopters through mass market. How money flows through the system. Money flows to the cheapest effective solution to a problem. Fighting this fact will just extend the misery of accepting a result with as product or marketing failure in the marketplace.
Biotech Roundup: BIO on Racism, AbbVie Antibodies, IPO Surge & More
Xconomy
JUNE 12, 2020
At the start of 2020 thousands of biotechies anticipated spending the second week of June in San Diego, hobnobbing at the annual conference hosted by the Biotechnology Innovation Organization. Instead, attendees from 64 countries spanning 28 times zones convened online this week for the first-ever virtual BIO International Convention. There, topics once as unanticipated as the remote nature of the meeting shared top billing: COVID-19 and racism.
AECOM Names New CEO
L.A. Business Journal
JUNE 16, 2020
Century City-based AECOM has named Troy Rudd to become its new chief executive, replacing longtime CEO Michael Burke.
HBCUvc founder Hadiyah Mujhid on one way investors can advance racial equity
TechCrunch LA
JUNE 10, 2020
In response to VCs’ sudden rush to invest in more Black founders , Black venture capitalists and entrepreneurs have penned a bunch of advice on the best way to tap into talent. Among the strategies? Team up with Black firms already doing the work. Some firms have said that they’re going to turn to HBCUvc , a nonprofit organization that helps students from historically Black colleges and universities enter venture and tech.
Dimer In Deal With Partnership For Airplane Disinfection
socalTECH
JUNE 11, 2020
Los Angeles-based Dimer LLC , the maker of the "GermFalcon" germicidal lighting, has entered into a strategic partnership with Honeywell to the aviation market, the company said on Wednesday. According to Dimer, Honeywell will sell the GermFalcon as the Honeywell UV Cabin System for "airline recovery". Dimer's system uses ultraviolet light for disinfection of surfaces, something which has been used in the healthcare industry for years.
5 Strategies For Balancing Revenue Versus User Growth
Startup Professionals Musings
JUNE 21, 2020
Some analysts argue that revenue drives growth, while others say user growth drives revenue. Both have worked. Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $1 trillion. Twitter showed no focus on revenue in the first five years, but was able to parlay 500M users into a $35B public company, and now growing revenue.
How much is that one additional unit worth?
Berkonomics
JUNE 4, 2020
Most college econ courses teach marginal economics. So, not to scare those who didn’t take econ, here is a simple explanation. Let’s use breakeven as our test. Let’s say that your company is exactly at breakeven. Here’s the importance of that event and how it affects every productive move you make after that moment. There is amazing leverage in high gross profit margins once a company is past breakeven.
Roche Gets FDA OK for Injectable Version of Breast Cancer Drug
Xconomy
JUNE 29, 2020
A new version of a combination drug marketed by Roche for early-stage and metastatic breast cancer with a specific genetic signature received FDA approval Monday for a formulation that can be delivered in minutes rather than an hour or more. The antibody combo , delivered alongside IV chemotherapy, is intended for women with breast cancer that overexpresses a protein called HER2; each drug—both of which were developed by Roche subsidiary Genentech—is believed to attack tumors differe
QR Codes Facilitate Contactless Ordering
L.A. Business Journal
JUNE 22, 2020
Diners might soon find QR codes popping up on tables as local restaurants reopen under new health and safety guidelines designed to prevent the spread of Covid-19.
Relativity Space gains new customer in Iridium and new launch site at Vandenberg
TechCrunch LA
JUNE 24, 2020
Relativity Space has a new customer for its 3D-printed rockets: Established satellite maker and operator Iridium, which has picked the company for launches in 2023. To accomplish those, and other launches like them, the company is also setting up a new launch site at Vandenberg Air Force Base in California. “It’s obviously pretty huge news for us,” Relativity co-founder and CEO Tim Ellis told TechCrunch. “Not only do we have a second launch site, but we have an anchor cus
Slingshot Aerospace Creates Online Mapping Tool For Food Help
socalTECH
JUNE 11, 2020
Los Angeles-based Slingshot Aerospace , a startup which normally develops situational intelligence software, is helping to address some of the major issues to emerge out of the global COVID-19 pandemic, by helping to create an online mapping tool for finding food help. The company said it has partnered with 211 Los Angeles County, the official information and referral source for health and human services in LA County, to launch an online mapping tool helping LA county residents in need locate ov
9 Different Approaches For Motivating A Startup Team
Startup Professionals Musings
JUNE 27, 2020
Entrepreneurs inherently understand that they have to be the initial leader of their startup, but often they don’t have the experience or the training to know where their leadership competencies lie, or how to build a leadership team. For new entrepreneurs, leadership development efforts may be more valuable for achieving startup success than business skills development.
Traditional marketing vs. social engagement
Berkonomics
JUNE 18, 2020
Woe to those teaching yesterday’s methods. We all know that the world of marketing has turned upside down these past years through the power of the Internet. College professors teaching marketing must be having a real challenge keeping up with the new channels of communication, the relative values of advertising buys in this new world and explaining how to make the most out of these cheaper and more powerful channels.
Artiva Bio Raises $78M to Broaden Access to Cancer Cell Therapies
Xconomy
JUNE 26, 2020
Creating cell therapies for cancer is a complex process. The business case for them has proven tricky, too. Biotech veterans Tom Farrell and Peter Flynn have teamed up to start a new San Diego company that aims to develop allogeneic, or off-the-shelf, cell-based immunotherapies using natural killer (NK) cells that can be manufactured at scale and delivered to cancer patients outside of the hospital.
Headspace Adds $48 Million to Series C
L.A. Business Journal
JUNE 22, 2020
Headspace Inc., the Santa Monica-based meditation app developer, has raised an additional $47.7 million in equity from 10 investors for its Series C funding round.
Cities are wrestling with a potential new exodus in the COVID-19 era, but Urban-X still believes in their future
TechCrunch LA
JUNE 22, 2020
Embodying the tensions that cities across the world face as they wrestle with controlling a pandemic in dense, urban environments, Urban-X , the accelerator for technology startups focused on the problems cities face, has launched its eighth, fully remote, cohort. While the accelerator program backed by the BMW-owned Mini Cooper automaker and the venture capital firm Urban Us is based in Brooklyn, it’s conducting its latest program virtually, with participating startups coming from Atlanta
Newegg Aims Sale At Those Stuck Inside
socalTECH
JUNE 22, 2020
Holiday sales? Summer vacation sales? In a sign of the times, instead of the more traditional sales, Los Angeles-based online electronics retailer Newegg is aiming its next sale at people who are preparing to spend more time stuck at home this summer due to the pandemic, saying it has launched a new "Big Sale for Those Inside". The company said it will run its four day promotion starting June 22nd, with a variety of gaming products.
10 Key Business Plan Elements Not In A Product Spec
Startup Professionals Musings
JUNE 26, 2020
As an advisor to new hardware entrepreneurs, I often hear the myth that a business plan is no longer required to find an investor, if your idea is good enough. You may have heard that venture capitalists in Silicon Valley no longer read business plans. What you don’t realize is these famous investors only deal with entrepreneurs who sold their last company for a $100M dollars or more.
Heath Tech and Innovation. General Assembly
SoCal Tech Calendar
JUNE 26, 2020
Thursday, July 2, 2020 --.
Bio Roundup: Gilead’s Pionyr Grab, Relay to IPO, Unicorn Sana & More
Xconomy
JUNE 26, 2020
Uncertainty related to the continued spread of the pandemic continued to consume most of the oxygen in the room this week, but life sciences news outside of that arena continued apace. Once considered all but shuttered, the IPO market again saw an active week between new public debuts and more companies joining the queue. Indeed, nearly two-thirds of IPO activity in the second quarter stemmed from healthcare, driven primarily by biotech firms.
Women’s Clubs Find a Way
L.A. Business Journal
JUNE 1, 2020
Chief, a private executive organization designed to help women network their way into positions of power, had big plans to open a 13,000-square-foot, multiuse clubhouse on La Cienega Boulevard near Melrose Avenue this spring.
Los Angeles-based childcare and co-working startup Bümo adds more virtual classes for kids at home
TechCrunch LA
JUNE 16, 2020
When Bümo co-founders Joan Nguyen and Chriselle Lim began planning for the rollout of their business, a combination daycare and co-working space for professional women on the go, they never expected to be offering daycare services virtually. But in the face of a global pandemic, every company has had to improvise and in the few months since its launch in 2019, that’s just what Bümo did.
Fralock Acquires Career Technologies USA
socalTECH
JUNE 9, 2020
Valencia-based Fralock , which designs and manufactures specialty components for the aerospace, electronics, industrial life science, medical, satellite, and semiconductor equipment manufacturing industries, has acquired Chatsworth-based Career Technologies USA READ MORE>>.
5 Reasons Two Founders As A Team Are Better Than One
Startup Professionals Musings
JUNE 17, 2020
It seems like every entrepreneur I meet these days is quick to proclaim themselves a visionary, expecting that will give more credibility to their startup idea, and improve their odds with investors. In reality, I’m one of the majority of investors who believe that startup success is more about the execution than the idea. Thus, unless the visionary highlights a cofounder who can take the vision and execute, I assume the worst.
Women in Tech Networking Hour (Virtual)
SoCal Tech Calendar
JUNE 24, 2020
Tuesday, June 30, 2020 --.
FDA Reverses Authorization for Use of Antimalarials to Treat COVID-19
Xconomy
JUNE 15, 2020
The FDA on Monday revoked its emergency authorization permitting use of the antimalarial drugs hydroxychloroquine and chloroquine to treat the novel coronavirus, citing a lack of evidence of their efficacy. In late March the agency authorized the drugs, which President Donald Trump touts often as a potential treatment, for patients who were hospitalized with COVID-19 and unable to participate in a clinical trial.
HyreCar Leans Into Deliveries
L.A. Business Journal
JUNE 22, 2020
HyreCar Inc., the digital car-sharing marketplace, has set its first partnership with a car manufacturer.
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