L.A. Business Journal
OCTOBER 11, 2021
As the nation’s largest security firm, Orange County and Pennsylvania-based Allied Universal has long been a massive employer both in the L.A. area and globally.
socalTECH
OCTOBER 14, 2021
Irvine-based ATTOM, the unit of RealtyTrac which tracks foreclosure data, says that foreclosure filings for the U.S. have increased 68 percent from a year ago, and are up 34 percent from the previous quarter. The uptick in foreclosure starts come as a result of the retreat of foreclosure moratorium and mortgage forbearance programs. According to ATTOM, there were total of 45,517 U.S. properties with foreclosure filings - default notices, scheduled auctions or bank repossessions in Q3.
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Berkonomics
OCTOBER 14, 2021
Here’s one for debate around a cup of coffee or a glass of wine. Most innovation occurs when creative people are relaxed and thinking about other things. Coffee, wine, quiet time, showers…. How it occurs in large companies…. We all can picture the corporate R&D lab with tens of scientists working at white boards, or over computer models, or with prototypes.
Startup Professionals Musings
OCTOBER 9, 2021
A popular myth these days is that finishing college only dilutes your entrepreneurial instincts, and the best of the best, including Bill Gates, Steve Jobs and Mark Zuckerberg, dropped out early to hasten their success. I agree with Robert E. Litan, former VP of research at the Kauffman Foundation, that these are exceptions to the rule, rather than a model to emulate.
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L.A. Business Journal
OCTOBER 14, 2021
The acquisition will strengthen Rocket Lab’s space systems portfolio and gives it a presence in Colorado, which has a large aerospace economy.
socalTECH
OCTOBER 15, 2021
Santa Monica-based private equity investor Clearlake Capital Group says it has completed its acquisition of Los Angeles-based Cornerstone OnDemand, the provider of talent management software, in a deal which was worth $5.2 billion. According to Clearlake, it has acquired the outstanding shares of Cornerstone common stock for $57.50 per share in cash.
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Startup Professionals Musings
OCTOBER 15, 2021
With the pace of change ever escalating, entrepreneurs today can’t afford to acquire talent through traditional hiring alone, and need to revise the perception that “talent” is only full-time office employees. In addition, more people in the workforce don’t want to be resident employees. More than 40% of U.S. workers now say they would start looking for another job if they aren’t offered remote options.
L.A. Business Journal
OCTOBER 11, 2021
As an actor with more than a decade of experience, Dylan Mooney was always in need of a scene partner.
socalTECH
OCTOBER 11, 2021
Los Angeles-based Audio Up, a podcasting and audio entertainment production studio, has raised $12M in funding, led by SiriusXM, according to SiriusXM Holdings. According to SiriusXM, the investment comes alongside a new creative programming and strategic agreement with Audio Up, where the company will develop new original scripted podcasts and audio entertianment concepts for the satellite radio company.
Startup San Diego
OCTOBER 12, 2021
The post Local tech entrepreneurs, investors share what it takes to make it during San Diego Startup Month appeared first on Startup San Diego.
Startup Professionals Musings
OCTOBER 13, 2021
As a long-time business consultant and investor, especially to entrepreneurs, I recognize your sparkle of vision , to build the ultimate world-changing product. Every one of you sees yourself as the next Elon Musk, Jeff Bezos, or maybe even Steve Jobs. Yet most of us succumb after a time to the short-term pressures of growing a business, and the long-term vision gets pushed aside.
L.A. Business Journal
OCTOBER 11, 2021
Cybersecurity company Orca Security Ltd. scored a massive payday.
socalTECH
OCTOBER 15, 2021
Los Angeles-based video sharing startup Clash, which once was looking to take on TikTok, has relaunched its app as a way to help creators monetize their fan base. Clash says it is now providing tools to help creators monetize their fan base, working alongside existing social video apps like TikTok. Clash is led by a former Vine star, Brendon McNerney.
Frank Addante
OCTOBER 12, 2021
“You need to go back to work, you need to get back to doing what you love – building businesses!” That’s what my wife said to me back in June after I had been “retired” since 2017. The very next day, I signed a lease agreement for an office space at a co-working space in Park City called the Kiln. They asked me what my company did and I said “Good question!
Startup Professionals Musings
OCTOBER 11, 2021
Successful entrepreneurs are usually hard-driving, and highly focused on some specific goals, like being the dominant player in a given domain, or the low-priced provider of their product. Yet other entrepreneurs will talk for hours about all their ideas, and how they intend to change the world, but I don’t hear any specific goals or milestones. Many people are very hesitant to set specific goals, due to lack of self-confidence or whatever.
L.A. Business Journal
OCTOBER 14, 2021
The investment brings Universal Hydrogen’s total funding to $85 million.
socalTECH
OCTOBER 15, 2021
imre, a provider of strategic and creative marketing services to enterprise clients to clients in the life sciences and healthcare and consumer products and services areas, has received a private equity investment from Los Angeles-based RLH Equity Partners. According to RLH, imre--which is based in Baltimore, Los Angeles, New York City, and Philadelphia--servces such clients as AstraZeneca, Pfizer, GSK, John Deere, Infiniti, and Dickies.
TechCrunch LA
OCTOBER 12, 2021
Carving out 45 minutes or an hour for a workout can be difficult between work, home and daily life. Digital fitness and wellness company FitOn was created to provide 15- or 20-minute workouts aimed at getting people moving in whatever time they can make. The company closed on an $18 million Series B round of funding, led by Delta-v Capital, with participation from existing investors Accel, Telstra Ventures, Crosscut Ventures, Maverick Ventures and Second Avenue Partners.
Startup Professionals Musings
OCTOBER 10, 2021
Every technical entrepreneur is an early adopter of technology, so naturally they build things with people like themselves in mind. Unfortunately, for most solution markets, early adopters represent only 10 to 15 percent of the total opportunity, so it’s easy to get mislead on the real requirements of mainstream customers. Psychologists call this the confirmation bias.
socalTECH
OCTOBER 15, 2021
El Segundo-based plant-based burger company Beyond Meat has scored a win with McDonald's, and will be piloting a new plant-basd burger called the McPlant at eight McDonald's restaurants. According to McDonald's, the new McPlant will be tested for a limited time at those restaurants, which include locations in Irving and Carrollton, Texas, Cedar Falls, Iowa, Jennings and Lake Charles, Louisiana and El Segundo and Manhattan Beach, California.
socalTECH
OCTOBER 14, 2021
Los Angeles-based Tala, which offers up a global, mobile app that provides access to banking to the underbanked, has raised $145M in a Series E funding round, the company said on Thursday. The Series E funding was led by UPstart, and also included Stellar Development Foundation, Kindred Ventures and the J. Safra Group plus existing investors IVP, Revolution Growth, PayPal Ventures, and Lowercase Capital.
socalTECH
OCTOBER 14, 2021
Los Angeles-based micromobility provider Bird has added a new feature which attempts to stem the use of its scooters on sidewalks and footpaths, the company said on Wednesday afternoon. According to Bird, it has created a new "smart sidewalk protection" feature for its scooters, which uses wireless communication and positioning technology from u-blox to prevent sidewalk riding in communities.
socalTECH
OCTOBER 14, 2021
Los Angeles-based Vendorflow, a new startup developing communications infrastructure for trucking and logistics providers, has raised $1.3M in a funding round, the company said today. The funding was led by TenOneTen, and also included Amplify.LA, Jett McCandless (CEO, project44), Oren Zaslansky (CEO, Flock Freight), Param Singh (Best Bay Logistics), and Bobby Napiltonia (formerly of Twilio, Salesforce, and NEXT Trucking).
socalTECH
OCTOBER 14, 2021
San Luis Obispo-based software developer Mindbody said on Wednesday that it has raised $500M in a strategic investment, and acquired ClassPass, a monthly subscription service which provides access to fitness and wellness experiences. Financial details of the acquisition were not announced however, the two said the acquisition will be an all-stock deal, with ClassPass continuing to operate its app and website.
socalTECH
OCTOBER 13, 2021
The former CEO and founder of Los Angeles-based advertising exchange Rubicon Project, Frank Addante, has launched a new, startup investment fund, he announced on Wednesday, saying that after a brief foray into retirement he decided to launch TinkerBarn Ventures, a new startup studio and early stage investment fund. Addante--who recently has been living in Park City, Utah--said he is forming the new fund with partner Brynn Moynihan.
socalTECH
OCTOBER 13, 2021
Irvine-based esports company Allied Esports Entertainment says it has named a new CFO, saying on Tuesday that it has named Roy Anderson to the post. Anderson replaces prior CFO Anthony Hung, who had been at the company since September of 2019. Allied Esports was most recently a partner with accounting firm Mazars USA, where he served as an audit, tax and advisory partner in the TMT Group of Mazars.
socalTECH
OCTOBER 13, 2021
Los Angeles-based Optimad Media, a performance marketing company focused on the consumer packaged goods and film and entertainment market, says it has acquired majority stakes in two companies, DSPolitical and UNTU. Financial details of those acquisitions were not announced. DSPolitical was based in Washington, DC, and offered up advertising for political candidates and public affairs campaigns.
socalTECH
OCTOBER 13, 2021
Long Beach-based space launch provider Rocket Lab said on Tuesday that it has acquired Advanced Solutions, Inc., a Colorado-based aerospace engineering which provides space software, mission simulation and test systems. According to Rocket Lab, it is paying $40M for the company, with a potential for an additional $5.5M in earnout. The companies said that Advanced Solutions's spacecraft flight software has been used across more than 45 spacecraft for aerospace prime contractors, the U.S.
socalTECH
OCTOBER 13, 2021
San Diego-based Cellibre, which says it is developing ways to produce cannabinoids using pharmaceutical cell lines rather than traditional agriculture, has raised $11.5M in a Series A funding. The company said the funding was led by Merida Capital Holdings, and also included Scott Gordon, Flatiron Venture Partners, L2V, Entourage Effect Capital, and Delta Emerald Ventures.
socalTECH
OCTOBER 13, 2021
Santa Monica-based RealDefense, which runs a number of different companies focused on security, privacy, and optimization software, said Tuesday that it has acquired STOPzilla. Financial details of the acquisition were not announced. STOPzilla is a developer of cybersecurity software. RealDefense also owns such brands as IOLO, MyCleanID, MyCleanPC, USTechSupport, CyberDefender, VirusFix, and WarrantyStar.
socalTECH
OCTOBER 12, 2021
San Diego-based biotechnology company Shoreline Biosciences said this morning that it has named Scott Forrest, Ph.D., as its Chief Business Officer. Forrest was most recently Chief Financial Officer at Autobahn Therapeutics, and also served at Inception Therapeutics, the Versant Ventures company building biotech companies. He also previously served at such companies at Lycia Therapeutics, Pipeline Therapeutics, Chinook Therapeutics and Ventus Therapeutics, among many others.
socalTECH
OCTOBER 12, 2021
Los Angeles-based Day-J, a new startup offering up health and wellness coaching from experts, said this morning that it has raised a pre-seed round of funding worth $2.1M. The funding came from Raine Ventures, Fuel Capital, and Watertower Ventures. According to the startup, it offers up its users access to a "personalized team of licensed coaches and health and wellness experts" through subscription.
socalTECH
OCTOBER 11, 2021
Los Angeles-based Crown Electrokinetics Corp., a company that is developing smart glass technology, said this morning that it has acquired 10 patents from IBM Corporation. Financial details of the patent acquisition were not announced. According to Crown, it now has a patent portfolio including 34 patents and applications in the smart glass technology area.
socalTECH
OCTOBER 11, 2021
A new, Los Angeles-based startup, Dylish, has launched a new online ordering platform to handle delivery and take out orders, the company said this morning. The company said its platform provides customized webpage, marketing materials, social media presence, customizable iOS and Android apps, QR codes, tablet and printer, and more. The company said it is offering up its software via monthly subscription, starting at $49.
socalTECH
OCTOBER 11, 2021
Los Angeles-based Ziff Davis (which until recently was known as J2 Global) has spun out its cloud computing business, Consensus Cloud Solutions, into a new, publicly traded company. According to Consensus, it began trading on the Nasdaq under the symbol CCSI on Friday. Consensus is being led by CEO Scott Turicchi. Ziff Davis/J2 Global continues to also be publicly traded on the Nasdaq as ZD.
socalTECH
OCTOBER 11, 2021
Laguna Hills-based dental technology company Sonendo filed for an IPO on Friday, saying that it is looking to raise up to $100M in an IPO on the New York Stock Exchange. Sonendo said it has applied to list as SONX. The IPO is being underwritten by BofA Securities, Goldman Sachs & Co. LLC, Piper Sandler & Co., as well a s Stifel, Nicolaus & Company, Inc.
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