TechEmpower
FEBRUARY 8, 2021
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.
L.A. Business Journal
FEBRUARY 12, 2021
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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socalTECH
FEBRUARY 9, 2021
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.
Berkonomics
FEBRUARY 11, 2021
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.
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.
Startup Professionals Musings
FEBRUARY 10, 2021
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?
L.A. Business Journal
FEBRUARY 11, 2021
Startup Slingshot Aerospace Inc. announced that co-founder Melanie Stricklan has taken over as chief executive.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
Inverted Software
FEBRUARY 11, 2021
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.
Startup Professionals Musings
FEBRUARY 12, 2021
The future of work is definitely changing, accelerated by the current pandemic. There is always the next generation of workers coming of age who expect more, as well as the current generation already having the lowest engagement and productivity levels that business has ever seen. It seems they are both looking for more personal satisfaction and sense of purpose for their efforts.
L.A. Business Journal
FEBRUARY 8, 2021
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.
socalTECH
FEBRUARY 9, 2021
TikTok and Universal Music Group said on Monday that the two are in an "expanded global alliance", which allows TikTok users to continue to use tracks from Universal Music Group artists on their social media creations. The announcement comes as Universal Music Group pulled its artists from TikTok's rival social media service Triller. Financial details of the deal between Tiktok and Universal Music Group were not announced, however, Universal Music Group described the agreement as delivering "equ
TechCrunch LA
FEBRUARY 11, 2021
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
Startup Professionals Musings
FEBRUARY 6, 2021
Change is hard. I see entrepreneurs every day who are trying to change the world with a new idea, and startups that are trying to survive their hyper-growth phase by changing processes to meet demand. In both cases, it’s easy for them to become frustrated and give up, since most have never been trained in change management, and don’t even know what questions to ask.
L.A. Business Journal
FEBRUARY 8, 2021
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.
socalTECH
FEBRUARY 12, 2021
San Diego-based Dexcom, which develops equipment for continuous glucose monitoring for people with diabetes, has launched its own venture capital fund, Dexcom Ventures. According to Dexcom, the new fund will seek to identify and invest in opportunities to supplement growth in its core business and advance the development of adjacent technologies for the future.
TechCrunch LA
FEBRUARY 9, 2021
Mate Fertility , the new Los Angeles startup launching today with $2.8 million in financing, has a mission to create a more inclusive network of family planning services for people struggling with the high cost and low availability of fertility clinics around the country. Founded by serial entrepreneur Oliver Bogner and his brother Gabriel, Mate was born from both brothers’ struggles with trying to start a family.
Startup Professionals Musings
FEBRUARY 8, 2021
In my experience as an angel investor for new startups, I’m always surprised by how many entrepreneurs are looking for funding without outside advisors. An experienced Board can give them credibility, as well as advice on the many pitfalls of starting a new company. Especially if you are a first-time business owner, the payback for this initiative is well worth the effort and cost.
L.A. Business Journal
FEBRUARY 8, 2021
With the pandemic accelerating ecommerce sales nationwide, the founders of online flower marketplace BloomNation are broadening their business.
socalTECH
FEBRUARY 12, 2021
Virgin Galactic, the commercial spaceflight firm that is backed by Sir Richard Branson--and which went public in October of 2019--has delayed its planned spaceflight test for this weekend. The company said it has "decided to allow more time for technical checks" on its spacecraft. Virgin Galactic did not say what kind of issues it had encountered in the check.
Startup Professionals Musings
FEBRUARY 7, 2021
Well over 25 years ago, Michael E. Gerber wrote a best-selling business book called The E-Myth: Why Most Businesses Don’t Work and What to Do About It. The E-Myth (“Entrepreneurial Myth”) is the mistaken belief that most businesses are started by people with tangible business skills, when in fact most are started by “technicians” who know nothing about running a business.
L.A. Business Journal
FEBRUARY 9, 2021
Starburst Aerospace and UCLA announced the launch of SCALE Aerospace Ventures, a startup accelerator and “innovation hub.
socalTECH
FEBRUARY 12, 2021
Westlake Village-based Ember Technologies, which makes temperature controlled coffee mugs, says it has named a former Dyson executive as its new CEO for its consumer division. The company said it named Jim Rowan to the position, to head up marketing, sales, finance and operations for the consumer business. The company said Rowan has joined it board of directors.
socalTECH
FEBRUARY 12, 2021
Santa Barbara-based patient communications and digital health provider Well Health said this morning that it has added new COVID vaccination self-scheduling capabilities in its app. The company said the new features are through third party partnerships. WELL Healths ays it so far has helped its providers 4 million COVID vaccine-related messages and more than 1 million COVID vaccine appointments.
socalTECH
FEBRUARY 11, 2021
Foothill Ranch-based LoanDepot, a developer of a technology platform to automate and originate mortgage loans, has raised $54M in an IPO on the NYSE. The company sold 3.9 million shares of its stock at $14.00 per share, below its estimated IPO pricing of 15.1M shares of stock at between $19.00 to $21.00 per share. The company claims it is now the second largest retail-focused non-bank mortgage originator and the fifth largest overall retail originator, with $79.4 billion of loans originated for
socalTECH
FEBRUARY 11, 2021
San Diego-based Pipeline Therapeutics, a biopharmaceuticals firm focused on small molecules for neuroregeneration, said on Thursday that it has raised $80M in its Series C funding. The funding included Perceptive Advisors, Franklin Templeton, Casdin Capital, Samsara BioCapital, Suvretta Capital, Red Tree Venture Capital, plus Versant Ventures, Sectoral Asset Management, Cleva Pharma (a Brace Pharma affiliate), Hadean Ventures, RBV Capital and Helicase Venture, as well as several other undisclose
socalTECH
FEBRUARY 11, 2021
West Hollywood-based Assembled Brands, which provides capital to consumer brands companies, said it has put together a $50M transaction to support Win Brands Group to pursue M&A transactions in the consumer product goods and direct-to-consumer space. Assembled Brands said the funding comes alongside funds managed by Oaktree Capital Management. Win Brands Group, which is a holding company, owns such companies as Homesick, Qalo, and Gravity.
socalTECH
FEBRUARY 11, 2021
Santa Monica-based Nobl9, a developer of software to help manage engineering, software, and reliability of software in the cloud, has raised $21M in a Series B funding, the company said on Wednesday. According to the company, the round was led by Battery Ventures and CRV--both of which were also Series A investors--and also included Bonfire Ventures, Resolute Ventures, Harmony Partners and Sorenson Venture.
socalTECH
FEBRUARY 11, 2021
Santa Monica-based private equity investor Clearlake Capital said this morning that it has created a new company, Newfold Digital, through the acquisition of Endurance International Group, plus strategic investment transactions with both Web.com and affiliates of Siris. Endurance owns the web hosting and domain name registration businesses Bluehost, HostGator.com and Domain.com.
socalTECH
FEBRUARY 11, 2021
El Segundo-based Slingshot Aerospace, which develops software which aggregates information from satellites, ground-based sensors, and more to help with situational awareness, has named Melanie Stricklan as its new CEO. Stricklan is one of the company's co-founders, and was most recently serving as Chief Strategy Officer. Stricklan previously served in the U.S.
socalTECH
FEBRUARY 10, 2021
Irvine-based Viant, which develops advertising software, had a successful IPO on Wednesday, selling 10 million shares of its stock at $25 per share last night, above its initial estimated IPO price of $19.00 to $21.00 per share. The company jumped all the way to $47.72 per share in its first day of trading. Viant is led by technology veteran Tim Vanderhook, who founded Viant with brothers Chris and Russ.
socalTECH
FEBRUARY 10, 2021
Los Angeles-based SoLo Funds, a startup which operates an online crowd-lending marketplace, letting users lend and borrow funds from each other, has raised $10M in a Series A round. The funding was led by ACME Capital, and also included Impact America Fund, Techstars, Endeavor Catalyst, CEAS Investments and others. The company says it has now raised a total of $12M in funding.
socalTECH
FEBRUARY 10, 2021
Errol Ginsberg, the co-founder of one of Ixia, one of Southern California's most successful startup-to-IPO network equipment manufacturers, has died at the age of 65, according to his obituary. Ginsberg was co-founder and CEO of Ixia, which he took to an IPO in 2000. Ixia was eventually acquired by Keysight Technologies for $1.6 billion in 2017. Ginsberg's family said he "peacefully passed away" surrounded by loved ones on January 25th at his home in Malibu.
socalTECH
FEBRUARY 10, 2021
A new survey, by Los Angeles-based GoBankingRates, says that there have been "staggering effects" on Americans' financial well-being. The site said it recently ran a survey, which found that 40% of Americans now have less than $300 in savings, which is a drop compared to the pre-pandemic figure of $400 that the Federal Reserve had measured pre-pandemic.
socalTECH
FEBRUARY 10, 2021
Santa Monica-based auto buying program operator TrueCar announced this morning that it has inked a partnership with Los Angeles-based HyreCar, to power an online auto marketplace for HyreCar. Financial details of the partnership were not announced. HyreCar operates an online rental marketplace for ridesharing, food, and package delivery services. According to TrueCar, it is launching the HyreCar Auto Buying Program powered by TrueCar, which will both help HyreCar's customers find vehicles, as we
socalTECH
FEBRUARY 10, 2021
A new startup accelerator, SCALE Aerospace Ventures, launched in Los Angeles on Tuesday, backed by UCLA and Starburst, the company that had backed the Techstars Starburst Space Accelerator. According to Starburst, is has launched the new accelerator in collaboration with UCLA, aimed at building an aerospace innovation hub in Los Angeles. Starburst said it was awarded a 2020 Venture Challenge grant of $1.4 million by the US Economic Development Administration to create the new accelerator.
socalTECH
FEBRUARY 9, 2021
Hawthorne, California-based SpaceX has opened up signups for its Starlink satellite Internet, allowing interested customers to sign up for ordering the service on its website. SpaceX requests users' email and service address, and says that orders are "first come, first serve". The ordering page does not give any details on where, how much, or when the service will be available.
socalTECH
FEBRUARY 9, 2021
Costa Mesa-based MeridianLink, a developer of loan origination, digital lending, and digital banking software, is in the midst of an IPO effort, according to a report. The report, from Reuters, said that MeridianLink is looking to go public via a SPAC, rather than a traditional IPO filing. The company has reportedly hired investment bankers for the deal; those bankers have not been announced or disclosed.
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