TechCrunch LA
MARCH 9, 2018
“It feels like investing in Uber when it first launched.” That’s what one investor said of the hot new Santa Monica, Calif.-based startup, Bird — an electric scooter company that’s now in the process of raising as much as $100 million on a $300 million valuation, according to several people with knowledge of the company’s […].
Berkonomics
MARCH 8, 2018
Give one percent equity to each outside board member vesting over four years of service. Many early stage CEOs and board members have asked for some guidance regarding pay and time commitments for board members. Here is my best advice, based upon many boards and many years. Pay early stage board members of companies that are not lifestyle businesses one percent of the fully diluted equity in the form of an option that vests over four years of service.
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Both Sides of the Table
MARCH 8, 2018
Upfront Ventures has a deep-seated commitment to equality in funding & building diverse teams across all ethnicities, nationalities and genders. We do this not just because it’s the right thing to do but also we believe it will help drive large and differentiated returns. In 2017 we began inserting an “Inclusion Clause” into our term sheets because we believe that the culture one establishes at the earliest stages of one’s business will set out the course of how it will grow and develop.
socalTECH
MARCH 15, 2018
Westlake Village-based Pray.com , which develops social networking applications for religious communities, has raised $14M in a Series A funding, the company said this week. The funding was led by TPG Growth, and also included Science Inc. and Greylock Partners. The startup, led by CEO Steve Gatena, has been based at California Lutheran University's Hub101 Incubator, and received a stealth seed funding round last year from Science and Greylock, which had not previously been announced.
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.
L.A. Business Journal
MARCH 20, 2018
UpKeep, a Los Angeles-based facilities maintenance company, announced $10 million in Series A funding, led by Emergence Capital. As part of the deal, Kevin Spain, a partner at Emergence, will join UpKeep’s board.
TechEmpower
MARCH 14, 2018
We have retired the hardware environment provided by Server Central for our Web Framework Benchmarks project. We want to sincerely thank Server Central for having provided servers from their lab environment to our project. Their contribution allowed us to continue testing on physical hardware with 10-gigabit Ethernet. Ten-gigabit Ethernet gives the highest-performing frameworks opportunity to shine.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
Berkonomics
MARCH 29, 2018
Close. Ever get bad advice? Sure. We all have in our past. Ever take that advice without question because the person giving it was an investor, a superior in rank, the chairperson of your board? I’ll bet you have at least one story of bad advice taken and being bitten as a result. As one illustration among many I can recall, let me tell you the story of the first investment made by a newly organized formal group of angel investors.
Both Sides of the Table
MARCH 3, 2018
León Krauze from Univisión gave an impassioned keynote presentation at The Upfront Summit on the topic of “invisibility” of immigrant workers in our society. It moved people to tears, was widely Tweeted and several people asked me to share this video. Invisibility. The millions of immigrant workers who silently wash dishes in restaurants, are prep cooks, pick the agriculture that feeds us, build our houses, clean our houses, watch our kids and do our gardening are vilified as criminals by those
socalTECH
MARCH 22, 2018
If you run a restaurant, it turns out the move towards online ordering is a recipe for chaos--with multiple online order services and apps, all with their own way of getting orders to your restaurant. Santa Monica-based Ordermark (www.getordermark.com) is looking to tame that chaos with a system which takes all of those online orders, and feeds them into a single printer at a restaurant.
L.A. Business Journal
MARCH 30, 2018
Female-focused venture fund raises $10.4 million; Los Angeles tech workers data released; SpaceX gets approval to build satellite-powered broadband network.
InfoChachkie
MARCH 19, 2018
A version of this article previously appeared in Forbes. In an astonishingly short time period, the Comanche Native Americans progressed from a technologically primitive tribe (nomadic, little use of textiles, basketry or pottery), to becoming the most powerful society of the Southern Plains, controlling the Comecheria, a territory encompassing parts of Texas, Oklahoma, Kansas and Colorado.
TechCrunch LA
MARCH 27, 2018
The smash dockless scooter rental startup, Bird , is expanding beyond its Southern California nest with a new rollout in San Francisco, San Jose, Calif. and Washington, DC, the company said today. And as his company makes its migration across the country, Bird chief executive Travis VanderZanden is determined not to make the same mistakes that bedeviled his former bosses at Uber.
Berkonomics
MARCH 17, 2018
Close. I’ve been sued as a board member too many times over the past twenty-five years of board service. Five times. Does that shock you? It does me. Entrepreneurs blaming their board for failures of a fragile, early stage company. Shareholders unhappy over the same loss, reaching out to sue every name available. Employees reaching out to anyone above to redress grievances.
SoCal Tech Calendar
MARCH 29, 2018
Wednesday, April 4, 2018 -- FundingPost Los Angeles VCs, Angels, Crypto and ICOs Event. At our next event the panel of investors will focus on Early-Stage Venture Investing and a fireside chat about ICO basics: How to meet investors, pitch them, and what it really takes to get them to write you a check! We will be discussing trends in Early-Stage Investing, hot sectors, sectors that these Angels and VCs look at, things that are most important to them when they are considering an Investment, the
socalTECH
MARCH 14, 2018
This year, we're sponsoring the Recurring Revenue Conference (www.recurringrevenueconference.com), presented by Sutton Capital Partners. As part of our sponsor relationship with the conference, we're running a series of interviews with speakers from the conference about their experience in the area of recurring revenues, customer service, and similar topics.
L.A. Business Journal
MARCH 27, 2018
Bird, the Santa Monica-based electric scooter ride-sharing company, announced it has opened operations in San Francisco, San Jose and Washington, D.C. on the heels of a March 13 Series B round that raised $100 million.
Xconomy
MARCH 21, 2018
Big Food is getting serious about innovation. Many top food companies are increasingly pumping money into supporting young, innovative startups, according to a recent analysis by CB Insights. The firms include stalwarts like Kraft Heinz (NASDAQ: KHC ) , which has an incubator and accelerator program called Springboard , and relative newcomers like the Greek-style yogurt maker Chobani , which operates an incubator that makes $25,000 investments in startups with no equity stake.
TechCrunch LA
MARCH 6, 2018
WHOOP, the company behind the Tesla of health tracking and sports performance wearables, has raised a whopping $25 million in a new round of funding. The round was comprised of a slew of prominent investment firms and individual investors including the Durant Company, the National Football League Players Association, former NBA commissioner David Stern, Twitter […].
Berkonomics
MARCH 15, 2018
Expect a board member to give a meeting a month, emails and phone calls between. Urgent issues require more of all. Board members are usually busy people, often running other companies or serving on multiple boards. Early stage boards usually meet once a month for two to a maximum of four hours, enough to ruin the rest of a day for those who travel even short distances.
SoCal Tech Calendar
MARCH 28, 2018
Tuesday, April 3, 2018 -- Orange County VCs, Angels, Crypto and ICOs Event. At our next event the panel of investors will focus on Early-Stage Venture Investing and a fireside chat about ICO basics: How to meet investors, pitch them, and what it really takes to get them to write you a check! We will be discussing trends in Early-Stage Investing, hot sectors, sectors that these Angels and VCs look at, things that are most important to them when they are considering an Investment, the best and wor
socalTECH
MARCH 6, 2018
Do you have a startup idea, and a team, but no seed funding, and are even too early for an early stage startup accelerator? A new program in Los Angeles, Startup Boost / Los Angeles , says it is launching a "pre-accelerator" program which aims to help bridge the gap between a team with an "evolved" idea and seed investors and accelerator programs. The program--which is taking applications here in Los Angeles until March 22nd--said it is looking for eight startups to include in a six week mentors
L.A. Business Journal
MARCH 7, 2018
Snap Inc. expected to announce layoffs; AeroVironment secures contract, narrows losses; and Ordermark raises $3.1 million.
Xconomy
MARCH 19, 2018
The Centers for Medicare & Medicaid Services, which administers the federal Medicare insurance program, will begin covering FDA-approved diagnostic tests that scan tumors for a range of genetic mutations. The news is a boost for companies like Foundation Medicine and Thermo Fisher Scientific, who are among the few firms with such tests on the market.
TechCrunch LA
MARCH 1, 2018
This is an excerpt from Ryan Holiday’s new book Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue, available now. Peter Thiel’s vague idea to do something about Gawker, the site that had outed him as gay in 2007, was concretized into conspiracy on April 6, 2011. It began unremarkably, when Thiel traveled […].
Berkonomics
MARCH 1, 2018
Many of us have someone who reports directly to us and who supervises others in return. If that fits, well then, this one is for you. And it is one of the most important lessons you can learn as a manager or board member of a company or a non-profit enterprise. I first heard this expression in a governance seminar for a non-profit higher educational board upon which I sit, years ago.
SoCal Tech Calendar
MARCH 27, 2018
Thursday, March 29, 2018 -- Los Angeles Ad Pros Mix Mingle Network. With technology, the advertising industry is going under massive disruptions right now. Mix, mingle, and network with other advertising professionals. Find partners with advertisers, ad agencies, publishers, and ad tech companies.
socalTECH
MARCH 5, 2018
Pasadena-based robot developer Miso Robotics says it has officially launched its burger flipping robot, "Flippy", at CaliBurger's Pasadena location--and, separately, has inked a partnership to bring its robotics technology to the sports and entertainment venue market. Miso's robot flips burger patties and cooks them to order, removing them from the grill when ready.
L.A. Business Journal
MARCH 9, 2018
Robots and other automation are coming to a local fast-food chain.
Xconomy
MARCH 19, 2018
Advances in robotics and artificial intelligence technologies have stoked fears that machines are coming for humans’ jobs in a variety of industries. Some executives of robotics companies have tried to allay those concerns, arguing that in many cases, people’s roles will evolve, but technology won’t eliminate their jobs completely. A report by The New York Times indicates that’s how things seem to be playing out in the warehouse and logistics sector, at least for now.
TechCrunch LA
MARCH 22, 2018
Recognizing the tens of billions of dollars that the Southern Californian region leaves on the table, because it hasn’t taken its rightful place in the American technology industry, a new group called the Alliance for Southern California Innovation has just released a report to analyze how SoCal can work to assume its pole position. Through interviews with 100 leaders of the technology ecosystem and an analysis of venture capital funding for the region, the organization has concluded (
Tech.Co
MARCH 1, 2018
Everything is bigger in Texas. And while that cliché has been said about everything in the Lone Star state for years, it rings particularly true for the hottest startups showcasing their big innovations at SXSW Startup Night 2018 presented by the Kauffman Foundation and TechCo. It is here that 25 of the most diverse startups from around the world will showcase their latest technology and compete for prizes and a chance to be fast tracked as one of the Startup of the Year semifinalists at Innovat
SoCal Tech Calendar
MARCH 27, 2018
Wednesday, March 28, 2018 -- Facebook Marketing Exclusive MASTERMIND Seminar (12 person limit) This event is hosted at WeWork in Playa Vista.
socalTECH
MARCH 12, 2018
In recent years, Los Angeles has become the capital of subscription, consumer-focused "box" businesses, where consumers sign up for monthly deliveries based on a subscription. One of those companies is Los Angeles-based Love Goodly (www.lovegoodly.com) co-founders Justine Lassoff and Katie Bogue Miller , who sat down and told us about their company, focused on cruelty-free, non-toxic beauty and skincare products.
L.A. Business Journal
MARCH 21, 2018
Elon Musk’s new Tesla Inc. compensation package received the approval of 73 percent of company voting shares, according to a March 21 Securities Exchange and Commission filing made hours after a company shareholder meeting at its Fremont headquarters.
Xconomy
MARCH 10, 2018
Regeneron Pharmaceuticals and partner Sanofi report new data this morning from a large, highly-anticipated trial suggesting that their drug alirocumab (Praluent) may reduce the risk of death for people with high cholesterol who have recently suffered heart attacks or strokes and are at risk of having another one or dying. And in an unusual move, Regeneron—based on input from the nonprofit drug-pricing watchdog, the Institute for Clinical and Economic Review (ICER)—vows to cut the cos
TechCrunch LA
MARCH 7, 2018
The Fabric, an early-stage investment company developing new infrastructure technologies, has raised $15 million for its third investment vehicle. Announced at the Montgomery Summit in Santa Monica, Calif., the new financing came from Verizon Ventures (the investment arm of TechCrunch’s parent company’s parent company) and March Capital Partners a Los Angeles-based venture capital firm.
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