L.A. Business Journal
NOVEMBER 23, 2020
Tech jobs are growing at a rapid clip in Los Angeles, fueled by an increasing appetite from local companies as well as industry leaders that are expanding their presence here.
TechCrunch LA
NOVEMBER 23, 2020
Boulevard , a spa management and payment platform, has raised $27 million in a new round of funding despite a business slowdown caused by the COVID0-19 pandemic. Founded four years ago by Matt Danna and Sean Stavropoulos, Boulevard was inspired by Stavropoulos’ inability to book a haircut and Danna’s hunch that the inability of salons and spas to cater to customers like the busy programmer could be indicative of a bigger problem.
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Startup Professionals Musings
NOVEMBER 21, 2020
Finding your sweet spot as an entrepreneur needs to start with a meaningful personal purpose that is also a business opportunity. Some people are so passionate about a cause that they forget to consider the lack of business potential, while others are so enamored with profit that they jeopardize their ethics. Both ends of this spectrum fail to bring long-term satisfaction or success.
Berkonomics
NOVEMBER 27, 2020
Mike Tyson: brilliant business savant. “Everybody’s got a plan – until they are punched in the face,” famously stated boxer Mike Tyson. My experience personally reviewing over three hundred executive summaries each year, all sent to me unsolicited, seems to bear out the truth in Tyson’s statement. Anyone can build a good – or great – plan. Investors have to look behind the plan and at the entrepreneur and his or her team, knowing that, over time, most of us have come to the conclusion th
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
NOVEMBER 23, 2020
There’s no shortage of audio streaming apps, but Santa Monica-based startup Vurbl Media Inc. is betting that its newly launched player can compete with established platforms like Spotify.
TechCrunch LA
NOVEMBER 24, 2020
With $90 million in deposits and $18.25 million in new financing, HMBradley is making moves as the Los Angeles-based entrant into the challenger bank competition. LA is home to a growing community of financial services startups and HMBradley is quickly taking its place among the leaders with a novel twist on the banking business. Unlike most banking startups that woo customers with easy credit and savvy online user interfaces, HMBradley is pitching a better savings account.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
NOVEMBER 23, 2020
Venice-based Snapchat launched a new feature on Monday morning, called Spotlight/a> , which encourages its users to share their own, user-created videos. The new feature is aimed squarely at TikTok , and is being backed by an enticement of $1M a day being paid out to users who share the most popular clips to the service. The new feature is similar to both TikTok and Instagram's Reels.
L.A. Business Journal
NOVEMBER 23, 2020
Space Exploration Technologies Corp. launched one of the highest-profile missions in the company’s nearly two-decade history on Nov. 15, sending four astronauts to the International Space Station.
AllTopStartups
NOVEMBER 27, 2020
With cases of Covid-19 reaching the 1 million mark milestone in California and showing no signs of slowing, businesses which have remained closed during the pandemic may be looking to… The post COVID-19 Safety Guide For Reopening Businesses in LA appeared first on AllTopStartups.
Startup Professionals Musings
NOVEMBER 25, 2020
With the advent and growth of crowdfunding over the past few years, many entrepreneurs have predicted the demise of those demanding angel investment groups and venture capital organizations. In fact, the latest figures show that crowdfunding globally is expected to reach $114 billion by 2021, exceeding the amounts contributed by either angel groups or VCs alone.
socalTECH
NOVEMBER 23, 2020
Los Angeles-based 3D printed rocket developer Relativity Space has closed $500M in Series D funding, the company disclosed Monday morning, saying it will use the new funding to accelerate commercialization, production scaling, and its long term development. The company--which is developing technology to print an entire rocket with industrial, metal 3D printers--says the funding was led by Tiger Global Management with participation from new investors Fidelity Management & Research Company LLC
L.A. Business Journal
NOVEMBER 23, 2020
Tech jobs are growing at a rapid clip in Los Angeles, fueled by an increasing appetite from local companies as well as industry leaders that are expanding their presence here.
Southern California Edison Blog
NOVEMBER 25, 2020
Fiber optic cable wavelengths allow organizations to streamline data transfers and increase bandwidth speed, helping them plan for future growth. For businesses with specific speed, security, and configurability needs, wavelength-based networks are a good fit, enabling them to effectively and safely handle large amounts of mission-critical or sensitive data.
Startup Professionals Musings
NOVEMBER 23, 2020
Every entrepreneur and business executive knows that continuous innovation is required to survive, but most struggle with this more than any other challenge they face. They know they need to act proactively, but still are often blindsided by a new competitor coming out of the blue with a future they never imagined. Innovation driven by the next crisis is not leadership.
socalTECH
NOVEMBER 23, 2020
San Diego-based Omniome , a startup developing DNA sequencing technology, announced this morning that it has named Robert Wicke as the company's CEO and member of the board. Wicke was most recently CEO of Halo Labs, and also has served at ForteBio, Pall Corporation, Molecular Devices and Axon Instruments. READ MORE>>.
L.A. Business Journal
NOVEMBER 23, 2020
Snap Inc. rolled out a new feature for its Snapchat app that will showcase user-made videos and provide financial rewards for creators of viral content.
L.A. Business Journal
NOVEMBER 23, 2020
As the restaurant industry embraces new forms of high-tech automation, a local startup is applying robotic technology to the trendy bubble tea business.
L.A. Business Journal
NOVEMBER 27, 2020
The Treasury Department has reportedly pushed back TikTok’s sell-by date once again, giving the company until Dec. 4 to complete a deal.
Startup Professionals Musings
NOVEMBER 27, 2020
In these difficult days of the pandemic, the visibility of leadership in business, as well as politics, seems to be at an all-time low. In my view as a business advisor, it’s an ideal time for aspiring entrepreneurs and small business owners to get ahead of the crowd by driving an innovative solution to a painful problem with the passion, perseverance, and work ethic I see every day.
L.A. Business Journal
NOVEMBER 23, 2020
In the five years since French space and defense technology accelerator Starburst Aerospace announced plans to open its first American office in El Segundo, the aerospace industry has grown rapidly in Los Angeles County.
L.A. Business Journal
NOVEMBER 23, 2020
Space Exploration Technologies Corp. launched one of the highest-profile missions in the company’s nearly two-decade history on Nov. 15, sending four astronauts to the International Space Station.
socalTECH
NOVEMBER 27, 2020
Tony Hsieh , the founder of Zappos--and a big angel investor in Southern California startups-- has died, at the age of 46 , according to Las Vegas media. Details on the death have not been released. Hsieh had made investments in such local Southern California companies as Combatant Gentleman, uBeam, Stir, Quarterly Co., Ecomom, JetSuite, and many others, and was well known among Southern California's high tech, venture capital, and angel community.
socalTECH
NOVEMBER 25, 2020
Los Angeles-based Parallel Agile , a developer of software focused on the Agile coding market, says it has rolled out a new product, CodeBot UX. The company says the new software helps create user interface software, generating database schema, API documentation, server-side code, client-side code including domain classes, CRUD functions and usage examples all from object oriented modeling (UML).
socalTECH
NOVEMBER 25, 2020
Los Angeles-based electric vehicle manufacturer Faraday Future has joined as the founding member of a new group that is looking to accelerate the transition to electric vehicles. According to Faraday Future, it has joined the Zero Emission Transportation Association (ZETA) , as a founding member, joining 29 other companies as part of the new group, which is pushing for 100 percent electric vehicle sales by 2030.
socalTECH
NOVEMBER 25, 2020
Santa Monica-based private equity investor Clearlake Capital Group said this morning that one of its portfolio firms, Zywave , has acquired Insurance Technologies Corporation (ITC). Insurance Technologies Corporation is a provider of marketing, rating, and agency management software for the insurance industry. ITC was previously owned by another, private equity investor, Accel-KKR.
socalTECH
NOVEMBER 24, 2020
Los Angeles-based Credit Key , a startup which helps e-commerce merchants offer up instant point-of-sale financing to customers, has raised $33.85M in its Series A funding. The funding came from Greycroft, Bonfire Ventures, Loeb.nyc, and other investors. The startup--led by startup veteran John Tomich--integrates with e-commerce payment systems, appearing as a payment option at checkout.
socalTECH
NOVEMBER 24, 2020
Santa Monica-based Quid , which offers up a way for private company employees to gain liquidity even before their startups are purchased or have an initial public offering, said on Monday that it has raised $320M in a second fund. According to the company, the new fund will go to provide liquidity and option exercise loans for private company employes.
socalTECH
NOVEMBER 24, 2020
Irvine, California- and Sydney, Australia-based Morse Micro , which is developing Wi-Fi chips aimed for use in Internet of Things (IoT), has raised $13M more in a funding round, the company said very late Monday evening. The startup said the funding came from Blackbird Ventures, Main Sequence Ventures, Clean Energy Innovation Fund, Skip Capital, and Ray Stata.
socalTECH
NOVEMBER 24, 2020
Los Angeles-based fintech startup HMBradley , which offers up online, digital bank accounts which pay interest based not on a user's balance, but on what percentage of their direct deposits they are saving, has raised $18.25M in a Series A funding. The funding was led by Acrew Capital. The company offers up 3 percent APY for depositors who save at least 20% of their direct deposits to the bank, down to just 0.5% for those saving 5%.
socalTECH
NOVEMBER 24, 2020
Santa Barbara-based WELL Health , a startup which offers up patient communications tools to healthcare providers, payers, and others, has raised $45M more in a SEries C funding round, the company said this week. The funding was led by Lead Edge Capital, and also included Martin Ventures, the healthcare-focused venture capital firm founded by executive, investor, and entrepreneur, Charlie Martin, and existing investors Jackson Square Ventures, Health Velocity Capital, Summation Health Ventures, S
socalTECH
NOVEMBER 23, 2020
Los Angeles-based electronic products retailer Newegg said on Monday that it is kicking off its Black Friday deals today, through midnight on Cyber Monday a further indication of how the holiday shopping season has blurred into a continuous stream of promotions that now start, in many cases, in October. Newegg says it will offer up savings on its "most sought-after" tech gifts for eigh days.
socalTECH
NOVEMBER 23, 2020
Los Angeles-based online underwear, sleepwear, and loungewear brand MeUndies has scored a big, $40M funding round, the company announced on Monday, from private equity investor Provenance. According to MeUndies, the new funding will go to expand product design, production, and distribution, as well as building its online customer community and expansion.
socalTECH
NOVEMBER 23, 2020
Los Angeles-based Boulevard , which develops software to help salons manage their business operations, has raised $27M more in a Series B funding, the company announced on Monday. The funding was co-led by Index Ventures and Toba Capital, and also include VMG Partners, Bonfire Ventures, Ludlow Ventures, and BoxGroup. According to Boulevard, it will use the funding to expand its team and platform.
socalTECH
NOVEMBER 23, 2020
Brea-based networking products maker TP-Link said today that it has rolled out two new Wi-fi routing products at Costco. According to TP-Link, its new Deco X5700 Tri-Band Mesh Wi-Fi 6 System and the Archer AX3200 Wi-Fi 6 Tri-Band MU-MIMO Router are exclusive to Costco, and offer up high speed Wi-Fi 6 support; The Deco X5700 provides "mesh" support to help eliminate WiFi dead spots in a home, for coverage of up to 6000 square feet.
socalTECH
NOVEMBER 23, 2020
Venice, California-based Snap , the parent company of Snapchat has reported acquired Voisey , the developer of an app which lets users overlay their voice on top of existing music tracks. Financial terms of the acquisition were not announced, and so far, Snap and Voisey have not made any comments on the acquisition, which were uncovered in business filings by Business Insider.
socalTECH
NOVEMBER 23, 2020
San Diego-based Maravai Lifesciences , a provider of life sciences reagents and services to the biotech industry, saw a successful IPO last week, raising $1.62 billion in its IPO on the NASDAQ Global Market. The company--which now trades as MRVI--was backed by private equity investor GTCR. The company's stock rose more than 18% in its IPO debut on Friday, even after a debut of $27.00 per share, at the top end of its already increased IPO estimated range of $24.00 to $27.00.
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