Sat.Apr 04, 2020 - Fri.Apr 10, 2020

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How to Make Sense of the PPP Loan Program for VC-Backed Startups

Both Sides of the Table

There is so much confusion and misinformation out there about the government sponsored “payroll protection plan” loans to companies that the heads of every small business CEO in the country must be spinning. We have been advising a lot of entrepreneurs so I thought I’d “open source” some of the advice I have been sharing. I am not claiming to be the world expert on this.

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Energica CEO plots her Italian EV company’s reboot from lockdown

TechCrunch LA

There could be more demand for electric vehicles post COVID-19 crisis, believes Energica founder Livia Cevolini. The CEO of the high-performance Italian motorcycle manufacturer offered that point of optimism, as her Modena based EV company remains closed by government decree. The coronavirus pandemic has forced Energica to hit the brakes on production of its battery powered machines that can reach top speeds of 168 mph.

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Cash control during these strange times

Berkonomics

And these are indeed strange times, especially if you haven’t lived through 2000-2002 and 2007-2008 recessions and difficulty in finding money from banks and investors. The simple economic truth. Here is a simple economic truth. Fixed overhead continues to eat into your cash month after month. It doesn’t differentiate facile, efficient businesses from slow, disorganized, quality-challenged ones.

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6 Practices Guaranteed To Raise Workforce Engagement

Startup Professionals Musings

Whether you are an entrepreneur managing a startup, or a corporate executive with thousands of employees, it’s hard to ignore the evidence of big value from happy employees. According to a classic study from Deloitte , happy employees have been shown to be up to 20 percent more effective in the workplace than unhappy employees, as well as far more loyal and productive.

News 173
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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

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.

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How One Co-Working Space is Dealing with the Pandemic

Tech.Co

The current Covid-19 pandemic has had an epochal effect on businesses, and even the humble office space has taken a blow, with millions of us now working from home. While most companies are able to continue operating with employees remote working, what about those businesses where the office itself is the revenue model? One such business is LABS, a shared office space company that has eight locations in London, plus one in Tel Aviv.

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App development shop V/One is giving away 50,000 free mobile app builds to budding LA mobile businesses

TechCrunch LA

The Los Angeles-based app development shop, V/One , is giving away 50,000 free mobile app builds through the rest of April as the company officially launches its platform for would-be, LA-based mobile app moguls. Since its soft launch, December 20th of last year, the app development company has built over 100 new applications. The company’s December launch featured an “app accelerator” and offered a guidebook for people who wanted to develop mobile applications to work with the

Mobile 250

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5 Keys To The Startup Mindset Required For Breakthrus

Startup Professionals Musings

As an entrepreneur advisor, I am surprised at how often I hear the same or very similar proposals of an incremental innovation to an existing process, versus a really new or breakthrough solution. If you are seriously looking to start the next billion-dollar startup, you need to get beyond the realm of enhancing a current solution. Investors are looking for breakthrough solutions to fund.

Startup 134
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Pfizer, BioNTech Say mRNA COVID-19 Vaccine Trials May Start This Month

Xconomy

Multiple COVID-19 vaccine candidates that use a new technology called messenger RNA are now being readied for clinical trials that Pfizer and BioNTech plan to start in coming weeks. The partnership pairs the mRNA vaccine technology of BioNTech (NASDAQ: BNTX ) with the vaccine and clinical trial experience of Pfizer (NYSE: PFE ). The companies said Thursday that the vaccine trials will initially be conducted at multiple sites in the US and Europe.

Study 122
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Silicon Valley Bank only started processing stimulus loan applications today

TechCrunch LA

In a sign of just how broken the process is for startups looking to receive stimulus dollars, Silicon Valley Bank, the bank that claims “more innovative startups bank with us than any other bank,” only just began processing claims today. “Since the CARES Act and the PPP were announced, we have been hard at work advocating for our clients to have access to this funding.

Startup 167
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HyperX Sponsors Online Gaming Tournament

socalTECH

Fountain Valley-based HyperX said this week that it is sponsoring the online USL eCup: Rocket League Edition , one of the online tournaments that was recently launched to temporarily replace a live gaming event. According to Kingston Technology, it will provide its Cloud Alpha S gaming headsets to each of the 32 captains representing teams from the USL Championship and USL League One, with additional headsets to be given away to fans of the 16 teams that make it to the "knockout stage" of the to

Platform 124
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6 Ways Gossiping Leads To A Toxic Workplace Culture

Startup Professionals Musings

As an entrepreneur, you should treat gossip among the members of your team as a reduction in productivity at best, and at worst, an indication of unhappy, un-empowered, or non-collaborative employees. As a leader, you should be asking yourself if you are the problem, and working hard to improve the situation before it gets out of hand, causing lost clients as well as lost productivity.

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Inovio Begins Experimental COVID-19 Vaccine Tests in Healthy Volunteers

Xconomy

Inovio Pharmaceuticals, one of the biotechs developing a vaccine to prevent COVID-19, has received the FDA’s OK to start testing its candidate in healthy volunteers. The Plymouth Meeting, PA-based company, which also conducts research in San Diego, plans to enroll as many as 40 adults across two trial locations. Inovio (NASDAQ: INO ) said Monday it anticipated dosing its first patient that day.

San Diego 108
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Headspace appoints former Intuit exec CeCe Morken as president and COO

TechCrunch LA

As it looks to continue along its path of developing clinically validated digital therapeutics for consumer and clinical mental health and wellness, Headspace has bulked up its executive team with the addition of longtime Intuit executive, CeCe Morken. Morken will become the company’s first president and chief operating officer, joining the Los Angeles based, billion-dollar-valued, mental wellness after spending thirteen years at Intuit.

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MixMode Finds $4M For AI Cybersecurity Tools

socalTECH

Satna Barbara-based MixMode , a developer of artificial intelligence cybersecurity software, announced on Tuesday that it has raised $4M in its Series A funding round. The funding was led by Entrada Ventures, and also included existing investors including Keshif Ventures and Blu Venture Investors. The company said the new funding will go to expand its platform and to fuel growth.

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10 Keys To Results With Social-Local-Mobile Marketing

Startup Professionals Musings

The world of marketing is changing faster than technology these days. Winning entrepreneurs have long since supplemented conventional print and video “push” marketing with digital online interactive “pull” marketing, and a while back added social-local-mobile ( SoLoMo ) to the mix. Mobile and global are driving all of these in innovative new ways to grow your business.

Mobile 173
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Biotech Roundup: GSK’s Ante, Shakeup at Sage, Telehealth’s Rise & More

Xconomy

The COVID-19 pandemic has stopped enrollment in many clinical trials and postponed the start of others but there is still life in the life sciences sector. The coronavirus research is expected. It’s the other activity that might come as a surprise. Two biotech companies have gone public in the past week; each upsized its offering and saw a healthy IPO pop.

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The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

TechCrunch LA

Hi, and welcome back to The Station, a weekly newsletter dedicated to all the ways people and packages travel from Point A to Point B. I’m your host Kirsten Korosec, senior transportation reporter at TechCrunch. If this is your first time, hello; I’m glad you’re with us. I have started to publish a version of the newsletter on TechCrunch.

Layoffs 136
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SpaceX Dragon Splashes Down Off Long Beach

socalTECH

A SpaceX Dragon spacecraft successfully splashed down 300 miles southwest of Long Beach at 2:50pm on Tuesday, after the 20th cargo resupply mission to the International Space Station for NASA. The spacecraft was loaded with more than 4,000 pounds of scientific experiments and cargo. According to NASA, experiments on the returning Dragon included one focused on making food and nutrients in space; an experiment focused on developing technology for printing human organs in space, and a 3D heart cel

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5 Common Startup Setbacks And How To Rebound Stronger

Startup Professionals Musings

Most entrepreneurs are so convinced that they are the disruptive element, they fail to anticipate that unknown facts or events can and will occur to disrupt their own well-laid plans. While it’s true that there is no way of know specifically what might happen, you need to anticipate the worst, and actually build a Plan B. People who haven’t thought about a Plan B often don’t survive the shock.

Startup 133
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Roche Pays $190M to Start RNA Drug Alliance With Arrakis Therapeutics

Xconomy

Some diseases have proven difficult to address using conventional tools of drug discovery that target disease-causing proteins. Roche is placing a $190 million bet on Arrakis Therapeutics, a startup whose technology aims for RNA—carriers of the genetic instructions that make these proteins in the first place. The cash, an upfront payment to Waltham, MA-based Arrakis, kicks off a research partnership set up to feed new drug candidates into the Roche pipeline.

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Internet of Elephants launches Wildeverse, an AR game about endangered animals and conservation

TechCrunch LA

On Friday, the Kenyan augmented reality game developer Internet of Elephants launched its latest game in partnership with the conservation science experts from the Borneo Nature Foundation, Goualougo Triangle Ape Foundation, Zoo Atlanta and Chester Zoo. The new game, called “ Wildeverse ”, uses AR to create a virtual forest that players can explore to find certain animals — or clues to an animal’s whereabouts.

Education 176
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Ring Rolls Out Second Generation Ring Alarm

socalTECH

Los Angeles-based Ring , the developer of doorbell, security, and other tools, has rolled out a second generation Ring Alarm. The new kit--which just went on pre-order--features a "Base Station", a keypad unit, a contact sensors, motion detector, and range extender. The new system also connects to the Ring app. According to Ring, the base level kit costs $199.99, and will ship on April 29th.

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SoCal GIS Software Giant Powers Johns Hopkins COVID-19 Map

socalTECH

One of the most powerful tools in tracking what's going on with the worldwide, COVID-19 pandemic, has been the Johns Hopkins University COVID-19 Map , which it turns out, was developed by a Southern California software company--Redlands-based Esri. According to a story about how the Johns Hopkins map was created , a small team at Johns Hopkins created the map based on work they had already been doing for spotting likely measles hotspots based on ArcGIS.

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Report: Online Events, Webinars To Replace Live Events In 2020

socalTECH

El Segundo-based Aggregage said this morning that it has run a survey of publishers, and found that a 70 percent of marketer are expected to cancel all or some of their live events for the next 60 days, and nearly 25 percent plan to cancel some or all of their live events for the next six months. Aggregage said its survey found that 65% of those surveyed plan to reallocate some or most of their live event budgets to online events, such as webinars.

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Veritone Launches Sports Draft Site, DraftClips.com

socalTECH

Are you tired of being unable to tune into your favorite sports events? Costa Mesa-based Veritone , which develops artificial intelligence software, says it has launched a new website, DraftClips.com , aimed at giving sports fans free access to over 30,000 clips and hundreds of hours of video footage of 2020 top draft college football footage. Vertione said its new site--which is powered by its artificial intelligence software--gives fans access to collegiate football clips and highlights of eli

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Esri Launches Platform For Caribbean

socalTECH

Redland-based geographical information systems (GIS) and mapping software provider Esri has launched a new, online analytics platform it is aiming at the Caribbean community, the company said late Wednesday. According to the company, the new, online portal was built in collaboration with its Caribbean distributor, Spatial Innovision. The new site provides free location data and mapping resources, including geographic data and imagery for the Caribbean community, according to the company.

Platform 113
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SmartAction Powers Coronavirus Hotline

socalTECH

Los Angeles-based SmartAction , which develops artificial intelligence-powered "virtual agents" for contact centers, says it is powering a new, toll-free coronavirus hotline being launched by NFL quarterback Jameis Winston and Dr. Scott Kelley. The company said the new hotline will help families get rapid responses to common questions, triage callers, and provide guidance for medical treatment and/or a coronavirus test.

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Digital Motors Aims Online Sales Solution At Car Dealers

socalTECH

Irvine-based Digital Motors says it is offering up the ability to add online auotmotive sales in 24 hours to car dealerships, allowing any car dealership to turn their website into an online store. According to Digital Motors, it can allow customers to pre-desk their vehicle purchase from the safety of their own home, offering up tools to show vehicle inventory, calculate monthly lease or finance payments, and more.

Sales 113
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Triller Donates 150,000 N95 Respirator Masks To City Of Los Angeles

socalTECH

Los Angeles-based music discovery and streaming software developer Triller says it is donating 150,000 N95 respirator and surgical masks to the City of Los Angeles. The company said the masks will go to first responders and essential workers. Triller did not say where it managed to source those N95 respirators and masks, which have been nearly impossible for hospitals, healthcare facilities, and first responders to acquire.

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Headspace Offers Up Mindfulness Tools To New Yorkers

socalTECH

Santa Monica-based Headspace is looking to help New Yorkers manage their stress with a new website , offering up a number of exercises to help people reduce their stress levels during the pandemic. The site--launched on Monday in partnership with New York Governor Cuomo--is available both in English as well as Spanish. The company said the special NY collection of meditation, sleep, and movement exercises are specifically aimed at helping New Yorkers through stressful and challenging times.

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Ligand Buys Assets From Icagen

socalTECH

San Diego-based Ligand Pharmaceuticals said last week that it has completed its $15M cash acquisition of the core assets of Icagen's North Carolina operations. Ligand Pharmaceuticals said it acquired the core assets, partnered programs, and ion channel technologies from Icagen. In addition to the $15M in cash, Ligand said that Icagen is entitled to receive additional cash payments based on certain revenue achievements.

San Diego 113
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VIZIO Boosts Menu Of Free Streaming Channels

socalTECH

Irvine-based television manufacturer VIZIO said today that it is launching 30 new, free linear TV channels as part of its free SmartCast TV streaming service. The company said the new, ad-supported TV services are seeing a 59 percent increase in viewin gsessions over the last three weeks of March. The new content includes news and lifestyle content from USA Today and CBC News, sports from USA Today Sportswire and the Fubo Sports Network, entertainment content from TMZ and Hollywire, and many oth

Netflix 113
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Miso Robotics Boots Up Crowdfunding Campaign, Seeks $30M

socalTECH

Pasadena-based Miso Robotics , which is developing robots for the quick serve restaurant industry, says it has launched a new Series C crowdfunding campaign, where it hopes to raise a total of $30M in funding. According to the company, it has over $2.6M in "reservations" as part of the round, which it says it is running in collaboration with SeedInvest and Wavemaker Labs.

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eResonate Media Finds $1M For Live Music Streaming

socalTECH

Playa Vista-based eResonate Media , a startup which is working on a live music streaming platform, said this morning that it has raised $1M in a funding round. The convertible note offering will go towards the company's planned launch later this year. According to the company, it is working on live streaming of a user's favorite bands to their mobile or other devices.

Media 113
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Urban Armor Rolls Out Compostable Phone Cases

socalTECH

Worried about the environmental impact of your smartphone? Orange County-based mobile device case maker Urban Armor Gear (UAG) said this morning that it has rolled out a line of biodegradeable, compostable smart phone cases, which it says are made out of 100% compostable bio-plastic. The company said the effort came because "we care about our environment" and that it would help drive solutions towards sustainability.

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The Trade Desk Offers Up Free Courses

socalTECH

Ventura-based online advertising exchange The Trade Desk says it will offer up free access to its digital advertising courseware until the end of 2020, allowing everyone from advertising industry professionals to those looking to build the required skills to enter the field. The company said it also has revamped its courseware and certification platform.

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