L.A. Business Journal
APRIL 13, 2020
Pray is among a fortunate handful of companies whose businesses have actually benefited from the statewide shutdown. The platform's monthly active users grew 50% from February to March.
Both Sides of the Table
APRIL 1, 2020
In the past two weeks we have entered perhaps to most surreal experience in any of our lives. I think intuitively many of us believe it may be a more lasting impact than just “60 days at home,” which is why we almost have a nervous laughter when we call (Zoom!) somebody we haven’t spoken to since before the crisis and acknowledge how bizarre we all feel right now.
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TechCrunch LA
APRIL 9, 2020
There could be more demand for electric vehicles post COVID-19 crisis, believes Energica founder Livia Cevolini. The CEO of the high-performance Italian motorcycle manufacturer offered that point of optimism, as her Modena based EV company remains closed by government decree. The coronavirus pandemic has forced Energica to hit the brakes on production of its battery powered machines that can reach top speeds of 168 mph.
Berkonomics
APRIL 16, 2020
Most of us are affected by this current crisis. Many businesses threatened with closure forever. Small businesses are the most vulnerable, even though most have furloughed employees. Rent and other fixed costs continue, even when revenues have dried up – a fatal combination. So, here are three urgent questions for you. FINANCIAL: Do you have twelve to eighteen months of cash to cover your “burn rate” now and as you recover?
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
APRIL 30, 2020
Elon Musk , the founder of Hawthorne-based SpaceX , in addition to Tesla , appeared to go off script and off the rails on the Tesla earnings call on Wednesday. Musk--while answering questions about when Tesla might resume production in the Bay Area--suddenly called the Bay Area's "shelter in place" order "fascist" and said that is "not why people came to America or pulled this country--what the f**k?".
Startup Professionals Musings
APRIL 8, 2020
Whether you are an entrepreneur managing a startup, or a corporate executive with thousands of employees, it’s hard to ignore the evidence of big value from happy employees. According to a classic study from Deloitte , happy employees have been shown to be up to 20 percent more effective in the workplace than unhappy employees, as well as far more loyal and productive.
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Both Sides of the Table
APRIL 6, 2020
There is so much confusion and misinformation out there about the government sponsored “payroll protection plan” loans to companies that the heads of every small business CEO in the country must be spinning. We have been advising a lot of entrepreneurs so I thought I’d “open source” some of the advice I have been sharing. I am not claiming to be the world expert on this.
TechCrunch LA
APRIL 18, 2020
The diagnostics startup Curative has received an emergency use authorization from the Food and Drug Administration for its novel test to determine COVID-19 infection. The company says that its tests have already been used by the City of Los Angeles since late March and have tested over 53,000 city residents. Curative’s tests use an oral-fluid sample collected by having the subject cough to produce sputum, which release the virus from deep in the lungs, according to a spokesperson.
Berkonomics
APRIL 30, 2020
So, you’ve been at this for years through thick and thin, great days and days in which you’ve had better times. Much of your job has become routine. But it feels good to see your “baby” grow and others buy into your vision. That daily routine. It is human nature for you and every entrepreneur to fall into a routine of taking care of day to day issues, meetings, communicating with customers and shareholders.
Tech.Co
APRIL 7, 2020
The current Covid-19 pandemic has had an epochal effect on businesses, and even the humble office space has taken a blow, with millions of us now working from home. While most companies are able to continue operating with employees remote working, what about those businesses where the office itself is the revenue model? One such business is LABS, a shared office space company that has eight locations in London, plus one in Tel Aviv.
Startup Professionals Musings
APRIL 11, 2020
Many passionate entrepreneurs fight to add more features into their new products and services, assuming that more function will make the solution more appealing to more customers. In reality, more features will more likely make the product confusing and less usable to all. Focus is the art of limiting your scope to the key function that really matters for the majority of customers.
L.A. Business Journal
APRIL 27, 2020
The sudden collapse in oil prices has roiled the local oil industry, prompting producers to start shutting down wells, oil well service companies to lay off staff and refineries to reduce operations.
Xconomy
APRIL 2, 2020
Flagship Pioneering founder and CEO Noubar Afeyan didn’t know a global pandemic was in the cards for 2020 when he and his team laid out three new thematic areas of focus for the company last fall. One proved eerily prescient: The notion of “health security,” or the development of new products and therapies to treat health concerns before they arise or escalate.
TechCrunch LA
APRIL 28, 2020
Even as oil companies are getting crushed by the collapse of demand for energy in the wake of international shutdowns responding to the global pandemic, investors representing one of the world’s savviest financiers are placing a small bet on electric charging as the future of transportation. Soros Fund Management, the financial investment vehicle led by famed investor George Soros, is placing a small, $13.2 million bet, alongside Siemens and a host of other investors into the Los Angeles-b
Berkonomics
APRIL 2, 2020
Surely, you’ve heard the buggy whip analogy. A business making those necessary items ignored the signs of progress and found itself without a market. Perhaps that happened to sword smiths upon the invention of the rifle, and certainly to the makers of cassette tapes upon the dawn of the CD. And CD’s with the advent of streaming. My stories of unexpected change.
socalTECH
APRIL 29, 2020
Fountain Valley-based HyperX is jumping into the world of Fortnite, saying this morning that it has signed up Fortnited streamer Soleil "Ewok" Wheeler as one of its brand ambassadors. According to HyperX, Ewok will use HyperX gaming keyboards, mice, mousepads, SSDs, and memory modules while streaming as part of the sponsorship deal. Other details on financial arrangements for the sponsorship were not announced.
Startup Professionals Musings
APRIL 18, 2020
Successful entrepreneurs are the ones who think the most creatively, not only in their initial product or service, but more importantly all through the stages of growth from startup to maturity. But even the best of them can easily slip into some bad decision habits that limit or hurt their business, due to natural human tendencies and the pressures of business challenges.
L.A. Business Journal
APRIL 27, 2020
Miso Robotics Inc., a Pasadena-based robotics and artificial intelligence company, is seeking to raise a $30 million Series C through crowdfunding on the SeedInvest platform.
Xconomy
APRIL 22, 2020
The start of a potentially big biomedical breakthrough is blooming within all of us. Drug research aiming to turn bacteria into microbiome therapies now spans programs aiming to address gut disorders, autism, cancer, and more. Given the number of late-stage and mid-stage studies expected to report data in 2020—assuming they stay on track amid the COVID-19 pandemic—this could be a pivotal year for the field, said Isabelle de Cremoux, CEO and managing partner of Seventure Partners.
TechCrunch LA
APRIL 23, 2020
Representatives from the government and the utility managing the power of Los Angeles are proposing a sweeping infrastructure package worth roughly $150 billion centered on the broad electrification of transportation and industry. Drafted by the Los Angeles-based public-private Transportation Electrification Partnership , a collaboration between the Office of Mayor Eric Garcetti, Southern California Edison, the Los Angeles Department of Water and Power and the Los Angeles Cleantech Incubator, th
Berkonomics
APRIL 23, 2020
To survive this nasty Covid 19 surge facing businesses of all types, leaders must make decisions that hurt but are necessary. Keep the employees for the SBA PPP requirements regarding loan forgiveness, or furlough or let good employees go, so they can file unemployment claims? And what about termination decisions you make affecting just the few you wanted to eliminate anyway?
socalTECH
APRIL 14, 2020
Los Angeles-based Q-CTRL , a company that is developing quantum computing and control technology, has received a strategic investment from In-Q-Tel (IQT), the investment arm of the U.S. intelligence community. Size of the funding was not announced. According to Q-CTRL, the new funding will go towards accelerating quantum technology for national security applications.
Startup Professionals Musings
APRIL 19, 2020
Investors will tell you that they love to put money into startups that are scalable, and ready to become the next unicorn. But what does that really mean? Simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost. Ready to scale is when you have a proven product and a proven business model, about to expand to new geographies and markets.
L.A. Business Journal
APRIL 17, 2020
Riot Games acquires Canadian video game developer Hypixel Studios.
Tech.Co
APRIL 15, 2020
Amazon has discreetly made massive changes to its affiliate rewards scheme, with huge implications for sites that have come to depend on monetizing this way. The Amazon affiliate reward program, which pays websites with commissions in return for sending users to Amazon, is used by thousands of websites (including Tech.co) to generate revenue. The buyer doesn't incur any extra cost, but Amazon does have to split some of its healthy-looking profits with other websites.
TechCrunch LA
APRIL 24, 2020
Divergent, the Los Angeles-based startup aiming to revolutionize vehicle manufacturing, has cut about one-third of its staff amid the COVID-19 pandemic that has upended startups and major corporations alike. The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department.
Berkonomics
APRIL 9, 2020
And these are indeed strange times, especially if you haven’t lived through 2000-2002 and 2007-2008 recessions and difficulty in finding money from banks and investors. The simple economic truth. Here is a simple economic truth. Fixed overhead continues to eat into your cash month after month. It doesn’t differentiate facile, efficient businesses from slow, disorganized, quality-challenged ones.
socalTECH
APRIL 28, 2020
Fountain Valley-based gaming products brand HyperX says it is in a collaboration with HIT COMMAND , a subsidiary of Red Light Management, to bring music and entertainment celebrities from HIT COMMAND to the world of gaming and esports. According to the two companies, they are "creating a new experience that merges entertainment and gaming." The two said that HyperX will become the "Preferred Peripherals Partner" for several live and online events in development between the two companies.
Startup Professionals Musings
APRIL 4, 2020
As an entrepreneur advisor, I am surprised at how often I hear the same or very similar proposals of an incremental innovation to an existing process, versus a really new or breakthrough solution. If you are seriously looking to start the next billion-dollar startup, you need to get beyond the realm of enhancing a current solution. Investors are looking for breakthrough solutions to fund.
L.A. Business Journal
APRIL 27, 2020
Snap Inc. announced a $750 million debt offering the day after reporting a jump in first-quarter earnings and daily active users.
Tech.Co
APRIL 20, 2020
Wix has announced a limited-time half price sale on its website builder plans, with a 50% off deal beginning today and ending on Wednesday. The half price sale is open to new users and anyone currently using Wix's free plan. This means you can access one of the best website builders and ecommerce platforms on the market from as little as $6.50 per month.
TechCrunch LA
APRIL 9, 2020
The Los Angeles-based app development shop, V/One , is giving away 50,000 free mobile app builds through the rest of April as the company officially launches its platform for would-be, LA-based mobile app moguls. Since its soft launch, December 20th of last year, the app development company has built over 100 new applications. The company’s December launch featured an “app accelerator” and offered a guidebook for people who wanted to develop mobile applications to work with the
Xconomy
APRIL 14, 2020
Pharmaceutical giants GlaxoSmithKline and Sanofi are teaming up on COVID-19 research, aiming to combine their respective technologies in a new vaccine that could start clinical trials in coming months. The full details of the agreement, which was announced Tuesday, are still being finalized. But the companies say the vaccine would use antigen (the substance that prompts an immune response) from Sanofi (NYSE: SNY ) and adjuvant (material that enhances the immune response) from GlaxoSmithKline (NY
socalTECH
APRIL 15, 2020
Pasadena-based Wavemaker Three-Sixty Health , a healthcare innovation fund led by Jay Goss and Dr. John Nackel, says it has launched a new venture capital fund, Wavemaker Three-Sixty Health Fund II. Size of the new fund was not announced. According to Wavemaker 360, the fund focuses on healthcare start-ups seeking seed-stage investment, and importantly avoids biotech.
Startup Professionals Musings
APRIL 20, 2020
Most small businesses I advise still rely on traditional advertising models, assuming they can create enough media “noise” to get customers attention and sway them. You don’t realize that person-to-person noise now dominates all channels through social media, effectively hiding business marketing messages. You now need a personal context in your marketing to get results.
L.A. Business Journal
APRIL 21, 2020
OriginClear Inc., a downtown water treatment technology business, has moved its corporate headquarters to the company's manufacturing site in McKinney, Texas.
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