February, 2021

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Good Eggs raises $100M and plans to launch in Southern California

TechCrunch LA

Grocery delivery startup Good Eggs is announcing that it has raised $100 million in new funding, and that it’s planning to launch in Southern California in either the summer or fall of this year. Parts of this story might sound familiar to readers familiar with Good Eggs — when the startup raised its most recent, $50 million funding round in 2018, CEO Bentley Hall also mentioned plans for geographic expansion.

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Framework Benchmarks Round 20

TechEmpower

Today we announce the results of the twentieth official round of the TechEmpower Framework Benchmarks project. Now in its eighth year, this project measures the high-water mark performance of server side web application frameworks and platforms using predominantly community-contributed test implementations. The project has processed more than 5,200 pull requests from contributors.

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AirVet Pet Telehealth Platform Soars During Pandemic

L.A. Business Journal

Growing up the son of a prominent local veterinarian, entrepreneur Brandon Werber never thought he would have to search for a vet for his two French bulldogs.

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ABL Space Systems Sets Demo Flight For Q2 2021

socalTECH

El Segundo-based ABL Space Systems, which is developing low cost launch vehicles and launch systems, says it has signed up customer for its first launch. The company says it is targeting its first demonstration flight of its RS1 rocket in Q2 of 2021. ABL Space Systems said that L2 Aerospace will launch two spacecraft on ABL's demonstration flight. Financial details of the launch agreement were not announced.

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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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“LALA” – A short lesson in marketing

Berkonomics

Focus upon you as marketing genius. Let’s focus not upon the process of marketing and positioning, but on you. How should you become the best marketer you can be, even if you are a first-time entrepreneur or a seasoned CEO? There’s an answer for that. The title of this insight helps us find a formula: LALA. Memorize your use of “LALA”. Listen! . The first rule of marketing and positioning is to listen to the marketplace.

Marketing 156
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6 Ways To Win By Creative Partnering With Competitors

Startup Professionals Musings

Startup founders are known for their passion for their startup idea, and for their passion to kill every competitor. Thus they often overlook the fact that their biggest growth opportunity may be a win-win collaboration with a serious competitor, known in the business as coopetition. Of course, this path involves some risk, but you never get anywhere unless you take a chance.

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Trello Redesign and New Features Launched to mark 10th Birthday

Tech.Co

Companies all around the world use Trello to help manage projects and coordinate team tasks and responsibilities. However, 10 years after the software was first released, the kanban-based system is getting a major overhaul. New workflow views and features should make Trello more useful for a wider number of teams and businesses. Here's everything you need to know about the new-look Trello.

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SatCom: LinQuest Lands $500 Million Contract With US Space Force

L.A. Business Journal

Ladera Heights-based defense contractor LinQuest Corp. received a five-year contract from U.S. Space Force worth $500 million.

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Interview with Jon Waterman, Founder and CEO of Ad.net

socalTECH

For today's interview, we sat down to catch up with Jon Waterman, the founder and CEO of Ad.net, to understand what the company's business is nowadays, how the company has evolved over the years, and how the company has adjusted to life during a pandemic. What is Ad.net? Jon Waterman: We envision ourselves today as a marketplace outside Google and Bing.

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Four ways to create marketing excellence

Berkonomics

First, let’s recall the four “P’s” of marketing. Marketing is a science devised to help drive customers to your door. There are lots of ways to define how to market well, including the four P’s of marketing (1): product, price, promotion and place. This is considered to be the producer-oriented model. These are still the driving focus behind most marketing courses, and deserve to be so.

Marketing 156
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8 Keys To Personal Self-Fulfillment In Your Business

Startup Professionals Musings

As a long-time mentor to new entrepreneurs and business owners, I have noticed that many no longer associate more fulfillment and satisfaction with more money, power, and success. It seems that fulfillment to these new entrepreneurs is all about changing the world and legacy. In fact, customers today also seem more attracted to companies with a higher purpose than profit.

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LA-based Metropolis raises $41 million to upgrade parking infrastructure

TechCrunch LA

Metropolis is a new Los Angeles-based startup that’s looking to compete with BMW-owned ParkMobile for a slice of the automated parking lot management market. Upgrading ParkMobile’s license plate-based service with a computer vision based system that recognizes cars as they enter and leave garages has been Metropolis’ mission since founder and chief executive Alex Israel first formed the business back in 2017.

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Amazon’s Selz Acquisition is Encouraging News for Small Businesses

Tech.Co

It's been a big week for Jeff Bezos. Not only has he become the richest man in the world again, leapfrogging a certain Mr Musk, but it has also been revealed that Amazon has quietly acquired ecommerce platform Selz. Selz, run by a team of around 50 in Sydney, Australia, bills itself as a one-stop-shop for small businesses to start selling products and services online.

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Aerojet Rocketdyne Wins Contract for Deep Space Power Systems

L.A. Business Journal

Aerojet Rocketdyne Holdings Inc. received a contract from the Department of Energy to build and test power systems for future NASA missions into deep space.

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Seed Health Acquires Auggi

socalTECH

Los Angeles-based Seed Health, which is focused on microbial sciences, says it has acquired Auggi, a digital health company which develops artificial intelligence and machine learning software to track and analyze digestive health. Financial details of the acquisition were not announced. According to Seed Health, Auggi has the world's largest stool image database, and has developed algorithms for automated stool image detection and consistency characterization using computer vision and neural ne

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Could you achieve ten percent net income each month?

Berkonomics

How planning is done today. Most entrepreneurs and managers, when modeling their business operations using a spreadsheet, start with expected revenue by month. Then they calculate cost of sales, and then project their expenses, to find the bottom-line profit or loss each projected month. One way to think for tomorrow. There is a rarely used twist that makes lots of sense.

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6 Keys To Funding Based On Your Marketplace Advantage

Startup Professionals Musings

In their passion and excitement about a new product or service, entrepreneurs tend to continually narrow the scope of potential competitors, and often claim to have no direct competitors. This raises a big red flag with potential investors, who conclude that no competitors means no market, or you haven’t looked, and the new startup is likely not investable.

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Techstars Los Angeles names Matt Kozlov as its new managing director

TechCrunch LA

Techstars Los Angeles , the local Los Angeles-focused branch of the global accelerator network, has named Matt Kozlov as its new managing director. Kozlov, a longtime Techstars network fixture, has previously served as the head of the organization’s healthcare accelerator through a partnership with Cedars-Sinai and as the head of the Techstars Starburst Space Accelerator, which was focused on space and aerospace startups.

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How to Overcome Common Enterprise Network Challenges

Southern California Edison Blog

Enterprises face several network-related challenges that can affect their competitiveness and ability to grow and serve customers. Challenges such as costly network investments, low performance, and tedious management plagues many organizations. However, with the right strategies and expert guidance, enterprises can quickly overcome them and focus on achieving their business goals.

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LeaseLock Raises $52 Million in Bid to Eliminate Security Deposits

L.A. Business Journal

Insurance technology startup LeaseLock Inc. has ambitious plans to make security deposits irrelevant, and the Marina del Rey-based business now has significantly more funding to make that happen.

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Esri Debuts New Tool For Real-Time IoT Data Analysis

socalTECH

Redlands-based GIS software giant Esri said on Wednesday that it has released a new tool, ArcGIS Velocity, which is aimed at ingesting and analyzing real-time data from the Internet-of-Things. The company said the tool--previously known as ArcGIS Analytics for IoT--is meant to capture information from sensors, moving objects, or anything that changes over time, and then automatically flag patterns, trends, and anomalies.

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Can you defend your plan without being defensive?

Berkonomics

When meeting with investors or even your board, during the period devoted to feedback after your presentation, you will hear comments and recommendations that don’t resonate with you. Some will be from a misunderstanding of your explanation. Some listeners will challenge your assumptions. Some will seem to ask just plain show-off questions, in which the questioner wants you and others in the room to know that s/he knows more than you do.

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8 Essentials For Being Unstoppable In Your Business

Startup Professionals Musings

We all know at least one entrepreneur who always gets things done, and appears unstoppable in his quest. All of you probably know many others who talk incessantly about their great ideas, but never seem to even get started, or they give up at the first obstacle. What are the attributes that make an entrepreneur unstoppable, and is it possible for people to learn to be unstoppable?

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After pulling in around $80 million last year in revenue, LA’s StackCommerce is acquired by TPG’s Integrated Media Company

TechCrunch LA

The Los Angeles-based commerce and content platform StackCommerce has been acquired by the Integrated Media Company, a holding company set up by the massive private equity fund, TPG, to acquire new media businesses. StackCommerce’s affiliate buying platform has distributed more than $175 million on its platform by going directly to merchants. Through its platform publishers can make between 15% to 20% of gross compared with 5% on an affiliate marketing site.

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Developing a Sales Strategy That Builds Traction

SoCal Tech Calendar

Wednesday, February 24, 2021 --.

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Slingshot Aerospace Names Stricklan As CEO

L.A. Business Journal

Startup Slingshot Aerospace Inc. announced that co-founder Melanie Stricklan has taken over as chief executive.

Startup 312
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Lucid Sight Buys Colyseus

socalTECH

Los Angeles-based Lucid Sight, which developings videogames, said it has acquired the open source, multiplayer game engine Colyseus. According to Lucid Sight, it will be taking over the Colyseus brand, GitHub, and all social and support channels, and Colyseus creator Endel Dreyer will join its team. Lucid Sight said over 3,000 developers are active in the Colyseus community channels.

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Don’t Let Misconfiguration Leave You Vulnerable to Attackers

Inverted Software

Configuration is an essential part of every application. Misconfiguration can happen at any level of the application stack. From code, to web and application servers, databases and frameworks. Unfortunately, in most cases you will not found out your gaps until its too late. Here are some of the most common issues our DevOps have encountered: Deployment of development configuration to production.

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5 Keys To An Unbeatable Solution For Your New Startup

Startup Professionals Musings

In my role as advisor and mentor to many new entrepreneurs, I often find myself suggesting that they think bigger. I’m a techy at heart, and I love to see real innovation, but too often I see just “ copycat ” proposals, or at best incremental thinking. For example, I’m not sure the world needs one more social media niche site, or another dating site, or yet another flavored drink alternative.

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Planning 500,000 charging points for EVs by 2025, Shell becomes the latest company swept up in EV charging boom

TechCrunch LA

Shell’s plan to roll out 500,000 electric charging station in just four years is the latest sign of an EV charging infrastructure boom that has prompted investors to pour cash into the industry and inspired a few companies to become public companies in search of the capital needed to meet demand. Since the beginning of the year, three companies have been acquired by special purpose acquisition vehicles and are on a path to go public, while a third has raised tens of millions from some of t

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An Entrepreneur's Guide to IP

SoCal Tech Calendar

Tuesday, February 9, 2021 --.

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Snap Drives Growth of LA’s AR Industry

L.A. Business Journal

Visual artist Clay Weishaar said he was incredulous when someone from Snap Inc. contacted him in 2018 to let him know one of his lenses was trending.

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Launch Factory Finds $2.5M For Venture Studio

socalTECH

San Diego-based Launch Factory a new "venture studio" which is looking to recruit entrepeneurs to help it launch vetted business concepts, recently raised $2.5M in funding, according to the group. The funding came from a number of angels, including Broadway Angels, San Diego Venture Partners, and TI Platform Management. According to the startup studio it plans to use the funding to launch four new startups in San Diego, investing $300K in seed capital in each of those companies.

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Archer Aviation Plans Electric Air Taxis in LA by 2024

L.A. Business Journal

Bay Area company Archer Aviation is developing electric aircraft for L.A.'s Urban Air Mobility Partnership.

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ServiceTitan Acquires Software Developer ServicePro

L.A. Business Journal

ServiceTitan Inc., the Glendale-based developer of management software for the home services industry, announced Feb. 2 that it had acquired Service Pro.Net Inc.

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Mahmee’s Digital App Connects New Moms and Physicians

L.A. Business Journal

MCH Ventures Inc., doing business as Mahmee, is a family-run business in the business of supporting families.

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