Water Tech Companies Are Springing Up in LA
L.A. Business Journal
OCTOBER 12, 2020
In many areas of the world, there may be no more precious commodity than water — and that’s especially true in Los Angeles.
Sat.Oct 10, 2020 - Fri.Oct 16, 2020
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Jared Leto, Scooter Braun and Troy Carter are backing Moment House, a startup recreating live events… digitally
TechCrunch LA
OCTOBER 14, 2020
A pitch to offer artists a way to give geo-fenced, live events to fans around the world has brought the new Los Angeles startup Moment House $1.5 million in seed funding. The money came from heavy hitters in the Los Angeles entertainment and investment scene including Scooter Braun, Troy Carter, Kygo’s Palm Tree Crew and Jared Leto. Patreon chief executive Jack Conte and Sequoia Capital partner Jess Lee also participated in the round.
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5 Indications That A New Venture May Not Be For You
Startup Professionals Musings
OCTOBER 10, 2020
People with a victim mentality should never be entrepreneurs. We all know the role of starting and running a business is unpredictable, and has a high risk of failure. For people with a victim mentality, this fear of failure alone will almost certainly make it a self-fulfilling prophecy. I’m sure you all know someone who is the perennial victim. The problem is that most of these people aren’t likely to accept your assessment, so it’s hard to help them.
Should you include your sweat equity in a business plan?
Berkonomics
OCTOBER 15, 2020
Investors love it when entrepreneurs draw little or no money from their startups. It extends the cash available for research and other necessary fixed costs and gives the fragile, young company more “runway” to get to breakeven. What are you worth to the business? But when forecasting the ultimate viability of a business, many times an entrepreneurial founder uses a low, unsustainable salary rate for him or herself in order to show early breakeven.
Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19
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.
Local Tech Companies Work to Get Out the Vote
L.A. Business Journal
OCTOBER 12, 2020
Social platforms and media content creators in Los Angeles are leveraging their influence to encourage voting by Gen Z and millennial audiences as registration deadlines approach.
Cue Gets $481M For COVID-19 Tests
socalTECH
OCTOBER 14, 2020
San Diego-based Cue Health , which is developing COVID-19 testing products, reported late last night that it has received a $481M award from the. Department of Defense (DOD), on behalf of the U.S. Department of Health and Human Services (HHS), to expand domestic production capacity for its point-of-care COVID-19 tests. The company said the award is aimed at helping it deploy deploy six million molecular, point-of-care Cue COVID-19 Tests by March 2021, for a program run by the DOD's Joint Program
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CodeSpark Wants to Teach Kids to Code
L.A. Business Journal
OCTOBER 12, 2020
Pasadena-based CodeSpark Inc. wants to teach kids to code even before they can read.
IDrive Targets Businesses With New Video Conferencing Tool
socalTECH
OCTOBER 15, 2020
Los Angeles-based online backup and storage provider IDrive Online Backup says it has released a new service, which provides secure video conferencing. According to IDrive, its new tool, EPYC, offers both secure video conferencing and "AR" capability for remote workforces. The company said it launched the new tool as a result of COVID-19 and the current remote work climate.
9 Principles Especially Critical For A Micro-Business
Startup Professionals Musings
OCTOBER 16, 2020
Too many of you business owners think success only means being the next Amazon, or you stress yourself out trying to be everything to every customer. In reality, the opportunities are greater for starting with a micro-business , ideally from your special expertise or passion, with fewer than five employees, and just enough sales to comfortably support you and your team.
Virtual Tech Happy Hour
SoCal Tech Calendar
OCTOBER 12, 2020
Thursday, October 15, 2020 -- Virtual Tech Happy Hour. Startup Coil. The State of the L.A. Tech Ecosystem Updates on startup fundings and major news; Expert Discussion and QandA Hiring and Getting Hired During a Global Pandemic.
SpaceX Lands $149 Million Defense Contract
L.A. Business Journal
OCTOBER 12, 2020
Space Exploration Technologies Corp., the Hawthorne-based aerospace company, last week secured a substantial new government contract and made progress on multiple fronts with its Starlink satellite project.
ZIPHOMECHEF Aims Efforts At Expanding Local Microkitchens
socalTECH
OCTOBER 13, 2020
Riverside-based ZIPHOMECHEF , a startup which helps enable licensed, microenterprise home kitchen operations (MEHKO), says it is looking to help create jobs and deliver meals to local communities in Riverside County, California. The company--led by CEO Alexia Parks--says it helps people get licensed and to set up their own home kitchens, and hopes to expand from one kitchen in Riverside to 100 kitchens.
10 Key Principles For Managing Your Time In Business
Startup Professionals Musings
OCTOBER 14, 2020
Every startup founder feels the pressure of the thousands of things that need to get done, all seemingly at the same time. There is just not enough time! The real solution is better time management to put you back in control of your life. We all know someone who always professes to be stressed out and “so busy” that they never have time for anything – yet they never seem to get things done.
Pepperdine Most Fundable Companies Showcase 2020.
SoCal Tech Calendar
OCTOBER 12, 2020
Thursday, October 15, 2020 -- Pepperdine Most Fundable Companies Showcase 2020. Now in its third year, the Most Fundable Companies competition has grown to over 4,500 companies, and for the first time attracted startups from all 50 U.S. states. We are excited to introduce you to an incredible set of companies who have risen to the top this year based on the viability of their business model, size of addressable market, management team expertise, board of advisors, and competitive advantage in th
Virgin Orbit Seeks Funds Ahead of Launch
L.A. Business Journal
OCTOBER 14, 2020
Long Beach-based satellite launch company Virgin Orbit, looking to rebound from a failed test flight in May, is seeking to raise funds ahead of a second launch.
Balboa Water Group Acquired For $218.5M
socalTECH
OCTOBER 13, 2020
Costa Mesa-based Balboa Water Group Helios Technologies , in a deal worth $218.5M. According to Helios, it acquired Balboa Water Group from investment funds affiliated with AE Investors LP. Balboa's electronic controls are used for therapy baths and spas. Helios said it will use Balboa to enhance and accelerate its moe into new end markets. The company also said it expects the acquisition to be accretive from day one, with the $218.5M purchase price representing a 2020E Adjusted EBITDA transacti
Top virtual tech events to end 2020 on a high note
StartUp Beat
OCTOBER 13, 2020
Tech enthusiasts from around the globe can make the last three months of the year count by tuning in to a great variety of inspiring events that take place on online platforms. The post Top virtual tech events to end 2020 on a high note appeared first on StartUp Beat.
Despite Phase 2 Failure, Gossamer Bio Sees a Path for Drug in Asthma
Xconomy
OCTOBER 13, 2020
Gossamer Bio’s lead drug, an experimental treatment for asthma and allergies, has failed in two mid-stage clinical trials but the biotech sees enough in the data to pursue further development in a severe form of asthma and it wants to talk with regulators about advancing the compound to a larger Phase 3 study. The Gossamer drug, GB001, was tested as a treatment for eosinophilic asthma, a form of the respiratory disorder characterized by high levels of white blood cells called eosinophils.
Ida Brings AI to Schools, Governments
L.A. Business Journal
OCTOBER 12, 2020
Silicon Beach newcomer Ida Artificial Intelligence Inc.
RebateKey Reports Increase In Growth
socalTECH
OCTOBER 13, 2020
San Diego-based RebateKey , which operates an online website which provides cash back rebates and coupons, reports strong growth for the company as a result of the pandemic. According to the company, it nearly doubled the amount it has paid out in rebates in the last nine months, increasing rebates from $20 million in the first two years to over $43 million paid out to customers by the end of September.
It’s Time To Assess Your Leadership Style In Business
Startup Professionals Musings
OCTOBER 11, 2020
Startups provide leadership in the market. Entrepreneurs provide leadership to their startup. There are many styles of leadership, like dictatorial, laissez-faire, and democratic. One that I hear discussed more these days, in this age of relationships, is called “servant” leadership. What is servant leadership? The servant leader serves the people they lead through mentoring, direct assistance, listening, and acting on their employees input.
Water Tech Companies Are Springing Up in LA
L.A. Business Journal
OCTOBER 12, 2020
In many areas of the world, there may be no more precious commodity than water — and that’s especially true in Los Angeles.
Headspace Shuffles CEO As Founders Step Back
socalTECH
OCTOBER 13, 2020
Santa Monica-based mindfulness and meditation service Headspace has shuffled its executive team, saying on Monday that it has named CeCe Morken as the CEO of the company. Morken was previously President and COO of the company, having been appointed to that role in April of 2020. The co-founders of Headspace, Rich Pierson and Andy Puddicombe, are transitioning to become co-executive Chairman of the company.
CoreLogic: Mortgage Delinquencies Spike, Despite Strong Housing Demand
socalTECH
OCTOBER 13, 2020
Irvine-based property information provider CoreLogic reports that it is seeing a spike in U.S. serious delinquiencies on mortgages--the highest level since April of 2014--despite strong housing demand. According to the firm, 6.6 percent of mortgages were in some stage of delinquency (30 days or more past due, including those in foreclosure), a 2.8 percent increase over July of 2019, when it was 3.8%.
Walmart's Shoes.com Acquired By Manhattan Beach Investor
socalTECH
OCTOBER 13, 2020
Online footwear and apparel retailer Shoes.com --which was owned by Walmart--has been acquired by Manhattan Beach-based investment firm CriticalPoint Capital, LLC , CriticalPoint announced this morning. Financial terms of the acquisition were not announced. CriticalPoint Capital, led by President and CEO John Foristall, says it already has transactions it has made in the footwear industry, including JackRabbit, Clever Training and Olympia Sports.
Newlight Technologies Finds $45M
socalTECH
OCTOBER 12, 2020
Huntington beach-based Newlight Technologies , a developer of an ocean-degradable biopolymer, which can be used like plastic but decays with exposure to seawater, has raised $45M in the company's Series F funding round. The funding came from private equity firm Valedor Partners, as well as GrayArch Partners. The company said the funding goes towards a new commercial-scale production facility in California, as well as the launch of its own branded products, including cutlery and drinking straws,
J2 Global Expands Board With Healthcare Exec
socalTECH
OCTOBER 12, 2020
Los Angeles-based J2 Global --which owns a very large number of online publishing and services companies--said today that it has added Pamela M. Sutton-Wallace, MPH, to its board of directors. According to J2 Global, Sutton-Wallace currently serves as Senior Vice President and Regional Chief Operating Officer of New York Presbyterian, and has more than 25 years of healthcare experience.
Triller Seeking To Go Public Via SPAC, Says Report
socalTECH
OCTOBER 12, 2020
Los Angeles-based social application developer Triller , which competes head to head against TikTok , is seeking to reach the public markets through a SPAC (special purpose acquisition company), according to a report. According to Reuters , Triller has hired an investment banking firm, Farvahar Partners, to assist it in the effort, and also appears to be seeking additional funding in parallel.
Matt Knox and Joey Lane, Bingie
socalTECH
OCTOBER 12, 2020
For today's interview, we have Matt Knox and Joey Lane , the co-founders of Bingie , a new app which lets users share recommendations on streaming TV and movies. We chatted with Matt and Joey on what they're up to. Image: Joey Lane on the left, Matt Knox on the right. Describe the app and what it does? Matt Knox: Bingie is a social app that makes recommendations for TV and movies, and lets you share them and watch them with friends.
YouMail Signs Up Republic Wireless
socalTECH
OCTOBER 16, 2020
Irvine-based YouMail , which develops alternative voicemail and robocall blocking software, says it is providing its services to Republic Wireless , with a new, opt-in call blocking service. Financial details on the deal with Republic Wireless were not announced. YouMail's software--which works in conjunction with a user's phone carrier and both Android and iOS applications--has recently focused in on blocking robotcalls, in addition to offering up an enhanced voicemail service.
Boring Company's Vegas Loop Won't Meet Passenger Goals, Says Report
socalTECH
OCTOBER 16, 2020
A report, published Friday, says that the Las Vegas hyperloop system being built under the Las Vegas Convention Center by Los Angeles-based The Boring Company will will not meet passenger throughput requirements of the contract. According to documents obtained by TechCrunch, the system built by Elon Musk will only be able to move around 1,200 people an hour--only a quarter of what was specified in the contract for the system.
EDF Renewables North America Acquires 4.5 Gigawatt Solar Portfolio
socalTECH
OCTOBER 16, 2020
San Diego-based solar power developer EDF Renewables North America said on Friday that it is acquiring a 4.5 gigawatt solar portfolio, being developed by Geenex Solar, LLC. Financial details of the acquisition were not announced. According to the companies, Geenex was founded in 2012, and will help bring regional development expertise to EDF Renewables.
Cornerstone OnDemand Links Into ServiceNow
socalTECH
OCTOBER 16, 2020
Santa Monica-based Cornerstone OnDemand , which develops cloud-based employee development software, says it has integrated its products with ServiceNow. According to the two, the integration allows organizations that use Cornerstone to train their employees to directly integrate with ServiceNow's HR delivery products. Cornerstone OnDemand explained that with this integration, employees can access trainings and tasks that were assigned to them in Cornerstone Learning directly in ServiceNow, witho
CoreLogic To Divest Reseller Business
socalTECH
OCTOBER 16, 2020
Irvine-based property information provider CoreLogic said this morning that it will discontinue its reseller business, as part of a previously announced "strategic plan". The company said by divesting the business--which offers up tenant screening, credit, and borrower verification services--it will "signnificantly enhance" its revenue profile and increase its margins.
AECOM Sells Power Construction Business To Private Equity Investor
socalTECH
OCTOBER 16, 2020
Los Angeles-based construction giant AECOM announced this morning that it is selling off its Power construction business, to affiliates of CriticalPoint Capital, LLC. Financial details of the deal were not announced. The company said the sale is part of an effort to transform itself into a "higher-margin, lower-risk" professional services business. AECOM said it was advised by Wachtell, Lipton, Rosen & Katz along with DBO Partners LLC in the transaction.
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