November, 2022

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$3.3 Billion In Stolen Bitcoin Found In A Popcorn Tin

socalTECH

According to the U.S. Department of Justice, $3.3 billion worth of stolen Bitcoin was recovered from "a single-board computer that was submerged under blankets in a popcorn tin stored in a bathroom closet". The stash was located by the Los Angeles office of the Internal Revenue Service (IRS). The US DOJ said that the Bitcoin was stolen from Silk Road by defendant James Zhong, who pled guilty to wire fraud on November 4th.

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Movio wants to make your marketing videos with generative AI

TechCrunch LA

Generative AI is suddenly everywhere. Over the past year, you’ve probably seen people showcasing impressive AI-generated artworks, thanks to progress in text-to-image algorithms introduced by groups like OpenAI and Stability AI. A proliferation of startups is now trying to devise applications for this new class of language model , where the machine is capable of creating new text, images and videos based on simple human input.

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How to avoid “death by meeting.”

Berkonomics

Zoom, Teams, phone, or in person? Imagine yourself with a calendar requiring you to be in six meetings in a day. Day after day. It doesn’t matter whether you’re required to be there in person or virtually, you get worn out after a few of these. Your attention span sorely reduces to nil, and your quality of input and insights fall as the long day progresses.

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7 Principles For Success As An Owner Or Team Member

Startup Professionals Musings

One of the realities of being an entrepreneur is that you have to keep learning and changing to survive. Everyone on the startup team knows there is no buffer, and no personal isolation from impact based on your job description that can save you. Thus everyone has to make sure they are focusing on what is important, and making leadership decisions to save the business.

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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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TikTok Hopes Startups Can Breathe Life Into Its Shopping Struggles

Tech.Co

TikTok is struggling to make a dent in the world of US and European ecommerce , and has now enlisted the help of a number of startups to try and reverse that trend and bring the Live Shopping craze sweeping Asia to other markets. Currently, TikTok relies heavily on digital advertising to bring in revenue, although this has not been as reliable of a profit stream in recent months as it has previously and is forcing the company to look for alternative ways to make money.

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5 Ways to Support Startup San Diego for #GivingTuesday 2022

Startup San Diego

The post 5 Ways to Support Startup San Diego for #GivingTuesday 2022 appeared first on Startup San Diego.

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“Wow, That Was an Exciting Conference!”

Steve Reich

Now tell the truth, have you ever said that after a Banking/FinTech conference? But I heard a banker say it at the 2022 FedFis Roundup. The Roundup is a different event–limited to 200 or so, and completely focused on intimate, round table conversations, rather than vendor booths and canned speeches to mass audiences. What made it so exciting? The focus on BaaS banks.

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Should you battle the dragon? Or just avoid the encounter?

Berkonomics

Frustrated by a competitor that wins when you should have? Sometimes a competitor is just too entrenched, too strong, too well equipped to directly face in battle. At least that is the conventional wisdom. Yet, there are constant examples of new entrants into a niche that do grow, prosper and sometimes even become dominant. So, when do we know which course to take?

Resource 156
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5 Preconditions for Success in Spawning a New Venture

Startup Professionals Musings

After many years in business, working in large companies as well as startups, I’m no longer surprised at why mature and successful companies struggle with introducing innovative new ventures as the market and environment changes. Their track record is dire, with only twelve percent of the companies in the Fortune 500 from fifty years ago still even in business today.

Incubator 143
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What Should Your Business Do In The Event Of A Data Disaster?

AllTopStartups

A data disaster is any event that results in the loss or corruption of your company’s data. Natural disasters, human error, hardware malfunctions, malicious attacks, and other cyberattacks may cause… The post <strong>What Should Your Business Do In The Event Of A Data Disaster?</strong> appeared first on AllTopStartups.

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Vistim Labs Wins Startup Pitch Competition and $10,000 Grant Sponsored by Aleph One

Startup San Diego

The post Vistim Labs Wins Startup Pitch Competition and $10,000 Grant Sponsored by Aleph One appeared first on Startup San Diego.

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SleepScore Labs Expands into Germany

socalTECH

Carlsbad-based SleepScore Labs said today that it has expanded into Germany. The company said its digital sleep improvement program has been certified as 100 percent reimbursable in Germany. The company said the expansion comes as result of a partnership between the company's unit in Dublin, Ireland, and ResMed Germany.

Company 140
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What do you wish you’d known yesterday?

Berkonomics

Here’s the question: Wouldn’t it be great if there were no more digital or printed reports to tell us what happened in the past? I know. We need financial data for comparison, and to a degree – for planning. But we should be thinking of finding ways to make data available to us much earlier when it would be more meaningful and actionable. Let’s give it a name.

Report 156
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Your eye of the needle: Do you worry over bottlenecks?

Berkonomics

Here’s your question to ponder…. Think for a minute whether there is any process or person that could be classed as the eye of the needle in your organization. Is there anything, process or person, that stalls the flow of work from start to finish? A CEO once told me that she was the eye of the needle in her organization, purposely controlling quality of service and making sure all of her direct reports let her know of each decision and action they undertook.

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6 Reasons That Managers Still Add Value In Business

Startup Professionals Musings

As a business consultant with experience in large companies as well as startups, I often hear about dysfunctional management hierarchies, as well as the value provided by exceptional ones. We have all heard about the successes of flattened management organizations in the last decade at Facebook, Valve, Zappos, and others. Individual team members all dream of being unleashed.

Outsource 133
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5 Steps To Locking In The Right New Venture Partner

Startup Professionals Musings

Business partnerships have traditionally been agreements to drive more transactions than either company could do alone. The new paradigm, driven by disruptive technologies, cloud-served supercomputing, and the new generation of young adults with global empathy, is partnering and giving something now for a competitive advantage in the future. An excellent example is the initiative by Elon Musk and Tesla Motors a few years ago to give away their battery patents, to infrastructure and competitive c

IBM 131
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6 Guides To Get You Started Down The Best Career Path

Startup Professionals Musings

Too many people, young and older, let their career and their lifestyle happen to them, rather than proactively making things happen based on their personal passions, skills, and interests. Others make decisions based on someone else’s interests, such as the father who wants his son to take over the family business, or dreams openly of having a doctor in the family.

Guide 126
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7 Team Building Principles For Connected Leadership

Startup Professionals Musings

Most startup ideas begin in the mind of an individual, but an idea is not a business. It takes a team, with effective leadership, to build a business. Many aspiring entrepreneurs default to team leadership by domination and control. Yet in my experience, the best entrepreneurs quickly learn the art of people connection. They connect and inspire the right people to achieve more with less.

Ideas 125
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6 Key Leaders Every Technical Startup Needs To Thrive

Startup Professionals Musings

In my years of advising startups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. That’s why investors say they invest in people (bet on the jockey, not the horse), rather than the idea. Yet every entrepreneur I meet wants to talk about the idea, and rarely mentions the team.

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7 Winning Strategies For Utilizing Startup Advisors

Startup Professionals Musings

In my role as an angel investor to startups, I’m struck by the broad variety of advisor strategies I see in investor presentations and business plans that cross my desk. Some entrepreneurs are “lone rangers,” never mentioning any outside guidance, while others tout dozens of advisors. In my experience, both of these approaches will likely have minimal value for your venture.

Startup 123
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7 Tips On Advancing Your Career To Being A Great Boss

Startup Professionals Musings

A common complaint I hear in my business consulting is that your boss is the problem , and you could fix the business if you only had the opportunity. When I ask what you are doing to prepare for that role , I usually only hear frustration and a lack of specifics or an action plan. Having spent my career on both sides of the fence, I have found some important things that worked for me.

Tips 123
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5 Keys To Breaking Through Success Barriers At Work

Startup Professionals Musings

After many years working in business and investing in startups, I’m convinced that the primary reason for new business and career failures is NOT a lack of skill or money, but people giving up too quickly on their dreams and goals. Great businesses and great leaders never give up, especially as pivots and interim failures provide learning opportunities to recover from setbacks.

Startup 122
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10 Strategies To Avoid Bad Risks In Your New Venture

Startup Professionals Musings

There is an old saying that good lawyers run away from risk, while good businessmen run towards risk. Entrepreneurs see “no risk” as meaning “no reward.” In reality, all risks are not the same. Many risks can be managed or calculated to improve growth or provide a competitive edge, while others, like skipping quality checks to save money, are recipes for failure.

Resource 121
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7 Challenges For Good Businesses To Achieve Longevity

Startup Professionals Musings

Every new venture that survives the first five years starts to drift away from their entrepreneurial thinking, and assumes they have achieved the path to longevity. In fact, even within Fortune 100 companies, almost 90 percent have encountered growth stalls or flirted with failure, or worse, in the last 50 years. No company can afford to lose the agility, flexibility, and innovation of a startup.

Startup 120
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8 Strategies To Create A High Team Engagement Culture

Startup Professionals Musings

With today’s interactive social media and the real-time Internet, both customers and employees see inside your company easily, so you can’t hide your real company culture. At the same time relationship perceptions have become the biggest drivers to customer loyalty and employee engagement. Thus in every business, big or small, culture can make or break your success.

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10 Classic Rules For Venture Success That Still Apply

Startup Professionals Musings

In this world of constant change, new technologies, and a thousand cultures, it’s evident and somehow comforting to me that the basic rules for business prosperity really haven’t changed in the last hundred years. Business success is still more about the people than the technology or idea involved. As an angel investor and a mentor to entrepreneurs I still see this every day.

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8 Negative Reactions To New Ideas And How To Prevail

Startup Professionals Musings

One of the complaints I often hear from engaged business professionals is that their new ideas, innovations, and change recommendations are unfairly criticized or dismissed without analysis. The result is fewer and fewer new ideas are volunteered by prospective leaders and key team members, and the business suffers from poor customer satisfaction or loss of market share.

Ideas 116
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9 Principles for Getting Along With Everyone At Work

Startup Professionals Musings

I was always impressed by a few people at work who seemed to get along with everyone, and wondered what I was missing in talent or temperament. After years mentoring young aspiring entrepreneurs , I am now convinced that getting along and becoming more productive with other people is a skill that any professional can learn, or accomplish via a dedicated strategy.

Startup 114
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Midnight Lights Up With $7.5M

socalTECH

Los Angeles-based gaming startup Midnight announced this morning that it has raised $7.5M in its seed funding round. The funding came from Shima Capital, blockchain platform Forte, gaming community SNACKCLUB, guild and mod platform Overwolf, plus the founders of gaming companies Illuvium and investors Woodstock Fund, FJ Labs, Bixin Ventures, among others.

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Greycroft Backs FrankieOne

socalTECH

Los Angeles-based venture investor Greycroft Ventures is backing a Melbourne, Australia-based startup, FrankieOne. According to FrankieOne, it has raised $15.4M (US) in its Series A+ round, which was led by Greycroft and AirTree Ventures, and also included Reinventure, Tidal Ventures, Apex Capital Partners, Binance Labs and Kraken Ventures. The company develops an API platform for identity verification and fraud detection.

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Pogo Health Aims At Chronic Pain

socalTECH

Los Angeles-based Pogo Health said today that it is aiming to address chronic pain through a new virtual healthcare service. According to the company, it has begun offering up three different programs to help people manage chronic pain, by providing virtual health coaches, pain physicians, and mental health therapists. The company is led by CEO Dr. Hunter Vincent.

Coach 113
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LAUSD Ransomware Attack A Wake Up Call, Says Report

socalTECH

A ransomware attack earlier this year at the Los Angeles Unified School District is a wake-up call about threats to the nation from cyberattacks, according to a story today from VentureBeat. The attack affected more than 650,000 students and 75,000 employees earlier this year.

Report 113
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Autonomy Dangles Cyber Monday Deals On Tesla Subscriptions

socalTECH

Santa Monica-based electric vehicle subscription company Autonomy said today that it is dangling up a "limited-time offer" to get people to subscribe to its Tesla Model 3's. According to the company, it will let people pay $3,000 down and $450 a month for the first 12 months for the Tesla EV, in its "Cyber Monday" sale. It's unusual to see a car offered up in those online sales.

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8 People And Process Skills Required In Any Business

Startup Professionals Musings

As an investor in startups, I most often see entrepreneurs who are technologists, or at least have a real passion for a specific product. They rarely highlight their marketing and relationship skills , even though, in my experience, these are more often the key to success in business than product skills. I’m a believer in the old saying that investors look for great people, more than great ideas.

Startup 113
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Hyperion Motors Aims At Hydrogen Fuel Cell Refueling

socalTECH

Los Angeles-based Hyperion Motors says it is taking aim at the hydrogen fuel cell refueling market, with the launch of a product to provide both hydrogen refueling and battery charging. According to the company, it has developed something called the Hyper:Fuel Mobile Station, a mobile station for providing refueling and recharging infrastructure. The company said it expects to start rollout of those products in 2023.

Mobile 113
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Airgain Gets Win With EV Charging Company

socalTECH

San Diego-based wireless products maker Airgain said it has scored a win with an un-named manufacturer of electric vehicle (EV) charging stations. Financial impact of the win were not announced. The company said the EV charger ompany will use its NimbeLink embedded modems for its nationwide network.

Companies 113