L.A. Business Journal
JUNE 1, 2020
Chief, a private executive organization designed to help women network their way into positions of power, had big plans to open a 13,000-square-foot, multiuse clubhouse on La Cienega Boulevard near Melrose Avenue this spring.
Berkonomics
JUNE 4, 2020
Most college econ courses teach marginal economics. So, not to scare those who didn’t take econ, here is a simple explanation. Let’s use breakeven as our test. Let’s say that your company is exactly at breakeven. Here’s the importance of that event and how it affects every productive move you make after that moment. There is amazing leverage in high gross profit margins once a company is past breakeven.
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Startup Professionals Musings
JUNE 3, 2020
In my experience as a business mentor, one of the biggest challenges I see is a failure to focus. Most of you aspiring entrepreneurs have new ideas on a regular basis, and find it hard deciding which to pursue, or try to tackle several at the same time. The result is that nothing ever really gets done well, or you burn out trying to address too many opportunities, all at the same time.
socalTECH
JUNE 5, 2020
San Diego-based molecular technology developer Biocept says it is relocatin gits corporate offices and labs to a new, 39,000 square foot location on Mesa Rim Road. According to biocept, the move is expected to be completed by the end of the year. Biocept said the labs will be both CLIA-certified and CAP-accredited. According to Biocept, the move will allow it to support growth while reducing rent expense and other facility costs.
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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
JUNE 1, 2020
Beverly Grove-based furniture startup Fernished Inc. has raised a $15 million Series A, bringing its total funding to $45 million.
SoCal Tech Calendar
JUNE 5, 2020
Thursday, June 11, 2020 -- TECHSPO Los Angeles Technology Expo - June 10-11, 2020 - Los Angeles, CA.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
JUNE 4, 2020
Camarillo-based Semtech says one of its semiconductor products have been selected by a developer of video cameras for the eSports and other markets. According to Semtech, its BlueRiver technology has been incorporated into video cameras from YUAN High-Tech Development Co., Ltd. (YUAN). Semtech said YUAN is incorporating its semiconductors into a new line of Software Defined Video over Ethernet (SDVoE) video camera, which enable capture and transmission of high quality 4K60 4:4:4 SDVoE-compliant
L.A. Business Journal
JUNE 1, 2020
Beverly Grove-based furniture startup Fernished Inc. has raised a $15 million Series A, bringing its total funding to $45 million.
SoCal Tech Calendar
JUNE 4, 2020
Wednesday, June 10, 2020 -- The Mindset of an Investor Today: A Webinar Series with Minnie Ingersoll, Partner, TenOneTen. Join Peter Cowen (Managing Director, Sutton Capital Partners) as we explore what investors are looking for in the current climate. Presented by Sutton Capital Partners and the Recurring Revenue Conference.
Startup Professionals Musings
MAY 30, 2020
Most aspiring entrepreneurs look to their alma mater, or any university, as a source of classes that can help them, but neglect to think outside the box or take advantage of all the other resources to be found there. The lesson of finding help, connections, and even funding where other people may never look is one that makes all the difference in the entrepreneur lifestyle.
socalTECH
JUNE 3, 2020
Santa Ana-based Iteris , which develops products used in transportation management, reports that it has been awarded $1M in a contract in the City of Round Rock, Texas. According to Iteris, the company's products will be used for a smart mobility initiative. Round Rock is the city where Dell Computer is headquartered. Iteris said that the contract covers "mobility intelligence solutions and video detection technology updates" throughout the city.
L.A. Business Journal
JUNE 1, 2020
Frame Wellness Inc., a Santa Monica-based mental health care company, has launched Frame Matching, a service that connects Angelenos with therapists.
SoCal Tech Calendar
JUNE 4, 2020
Wednesday, June 10, 2020 -- TECHSPO Los Angeles Technology Expo - June 10-11, 2020 - Los Angeles, CA.
Startup Professionals Musings
MAY 31, 2020
Most technical entrepreneurs I know demand the discipline of a product specification or plan, and then assume that their great product will drive a great business. Serious investors, on the other hand, look for a professional business plan or summary first, and hardly ever look at the product plan. Is it any wonder why so few entrepreneurs ever find the professional investors they seek?
socalTECH
JUNE 1, 2020
El Segundo-based consumer rewards program operator Prodege , led by longtime SoCal technology veteran Chuck Davis, said Monday morning that it has acquired Upromise , the popular college education-saving rewards business which was owned by SLM Corporation (Sallie Mae). Financial terms of the acquisition were not announced. According to Prodege, it will use the acquisition to offer up further earning and saving opportunities to Upromise.
L.A. Business Journal
MAY 31, 2020
A SpaceX Crew Dragon rocket launches the first manned mission from U.S. soil since 2011.
SoCal Tech Calendar
JUNE 4, 2020
Wednesday, June 10, 2020 -- DigiMarCon West 2020 - Digital Marketing Conference and Exhibition. DigiMarCon West 2020 is your chance to. - Hear from some of the most audacious and thought provoking speakers in the digital marketing industry. - Gain insight into emerging strategies, the latest innovative technologies, and best practices to move your business to the next level. - Network with thought leaders, collaborate with your peers and build your network in a beautiful atmosphere.
Xconomy
JUNE 5, 2020
Race is not a topic that often comes up in pharmaceutical discussions but perhaps it should. Disease doesn’t discriminate by race, but health and economic disparities put some groups at higher risk than others. And yet clinical trials fail to reflect the broad spectrum of patients that drug makers aim to treat. Racial disparities are evident in the COVID-19 pandemic, which is hitting the African American community hardest.
socalTECH
JUNE 1, 2020
In a sad testament to the difficult times that have come to the United States, the heart of Silicon Beach--the Third Street Promenade and surrounding areas in Santa Monica--were hit by looting and destruction, even as peaceful groups nearby protested the killing of George Floyd in Minneapolis. In widely shared online video, looters broke into the REI on 4th Street, across the street from Santa Monica-based drone mapping company AirMap, and a block away from the Milken Institute and trashing the
Startup Professionals Musings
JUNE 5, 2020
In my experience with entrepreneurs, there seems to a wealth of self-proclaimed “idea people” who aspire to start businesses, but only a few who are willing and able to dig in and get the job done. All the great ideas in the world won’t make a business, if the ideas never get implemented. Only rare great entrepreneurs, like Bill Gates and Elon Musk, have proven to be both.
socalTECH
JUNE 5, 2020
Irvine-based CTC Global , a developer, marketer and manufacturer of carbon fiber composite cores used in high voltage power lines, has named Kevin Corbalis as its new Vice President, Engineering and Product Development. Corbalis was most recently at Core Health And Fitness, serving as Vice President, Engineering, and Product Development. CTC Global said Corbalis will lead its engineering, product development, and research and development teams.
socalTECH
JUNE 5, 2020
Los Angeles-based AcceleratXR said this week that it has launched a new, open source project called Composer.js , a new framework and toolset for building back-end API services using NodeJS. The company, led by CEO Jean-Philippe Steinmetz, said it originally build the product for its own online gaming efforts, for work on a massively multiplayer online (MMO) game.
socalTECH
JUNE 5, 2020
Los Angeles-based LiveXLive Media said this week that it has released a new, smart TV app, which runs on Apple TV, Roku And Samsung TV. The company said the upgraded app allows users on those platforms to listen to and watch m usic and pop culture entertainment. The company said it plans to release an Amazon Fire app soon, as well. The company said the app helps its reach a potential audience of 90 million monthly active users through those platforms.
socalTECH
JUNE 4, 2020
Simi Valley-based unmanned aircraft AeroVironment said on Wednesday that it has promoted Ken Karlin to the role of Chief Operating Officer. Karklin had been Senior Vice President of the company since December of 2018. According to AeroVironment, he now oversees sales and business development, emerging businesses, product line management, engineering, manufacturing operations, program management, corporate quality and related support functions.
socalTECH
JUNE 4, 2020
Hawthorne-based SpaceX successfully launched sixty more of its Starlink satellites on Wednesday evening, with another launch and landing from Space Launch Complex 40 (SLC-40) at Cape Canaveral Air Force Station. The launch, which took place at 9:25 p.m. EDT, used a Falcon 9 rocket which previously had been launched multiple times--including the Telstar 18 VANTAGE mission in September 2018, the Iridium-8 mission in January 2019, and two separate Starlink missions in May 2019 and in January 2020.
socalTECH
JUNE 3, 2020
Hawthorne-based SpaceX is aiming at another launch of a number of Starlink satellites, part of a constellations of thousands that the spaceflight company is hoping to send into low earth orbit. According to the company, it hopes for a launch on Wednesday, June 3rd at 9:25 p.m. EDT, from Space Launch Complex 40 (SLC-40) at Cape Canaveral Air Force Station.
socalTECH
JUNE 3, 2020
Venice, California-based Snap said it will no longer promote posts by Donald Trump on Wednesday, making the President's content harder to find, and no longer featuring it in Discover. According to Snap, "We will not amplify voices who incite racial violence and injustice by giving them free promotion on Discover. Racial violence and injustice have no place in our society and we stand together with all who seek peace, love, equality, and justice in America.
socalTECH
JUNE 3, 2020
Los Angeles-based TeleSign said on Wednesday that it is in a new partnership with Microsoft's Skype , to screen robocalls. According to TeleSign, Skype will implement Telesign's digital identity solution, called Score, to take action against calls that are likely of a fraudulent origin. Financial details of the partnership were not announced. TeleSign said that its Score software behaves as an "inbound spam filter", as well as other kinds of communications fraud.
socalTECH
JUNE 3, 2020
The Riveter , which had specifically focused on providing a coworking environment for women, has shut down all of its physical spaces, including its location in the Los Angeles area. According to a post from the company, it made the "tremendously difficult decision" to close its coworking operations as a result of the ongoing pandemic. The Riveter's offices in LA were in Marina Del Rey; the company also had locations in Austin, Dallas, Denver, Minneapolis, Portland, and three locations in Seattl
socalTECH
JUNE 3, 2020
San Diego-based Evofem Biosciences , a publicly held, biopharmaceuticals company which is developing products in the area of women's sexual and reproductive health, says it has priced approximately $100M in common stock to the public. The company said gross proceeds from the offering to Evofem, before deducting the underwriting discounts and commissions and other offering expenses, are expected to be approximately $100 million.
socalTECH
JUNE 3, 2020
Foothill Ranch-based TAE Life Sciences , which is developing boron-based radiation therapy drugs for the treatment of cancer, has raised $30M in what it says is an initial, Series B funding round. The company said the funding comes from a consortium of investors, including ARTIS Ventures. The company said the new funding will allow it to further accelerate development of its products.
socalTECH
JUNE 2, 2020
Santa Monica-based on-demand scooter company Bird has shut down its operations in the Middle East, according to reports, shutting down Circ, which it had acquired in January, and laid off all of its employees. Bird had only just acquired Circ in January, shortly before the world was hobbled by the pandemic. According to those reports, as many as 10,000 of Circ's scooters have been sent for recycling, and around 100 employees laid off.
socalTECH
JUNE 2, 2020
Santa Monica-based Activision says it is delaying the seasons of Modern Warfare , Warzone , and Call of Duty: Mobile , explaining in a post on Twitter that "now is not the time", referencing the civil unrest currently gripping the United States. Activision--which also runs the e-sport Overwatch League--has been rapidly adjusting its plans this year due to world events, including modifying how it has run its e-sports events due to the pandemic, and now the civil unrest in the US.
socalTECH
JUNE 2, 2020
Los Angeles-based solar energy developer 8minute Solar Energy says it has received a $225M letter of credit, to go towards development of its pipeline of solar and energy storage projects. According to the company, the letter of credit was led by CIT, and also included KeyBank, HSBC, Rabobank and Nomura Holdings. The company said the ltter of credit will be used to post securities for its power purchase agreements (PPAs). 8minute is led by Dr.
socalTECH
JUNE 2, 2020
Irvine-based Buy It Installed , a startup which provides on-site, home installation of products, says it is seeking $4.5M in a Series A extension, and received new investment funds as part of that funding. Amount of that investment was not announced by the company. According to Buy It Installed, it is currently focused on on-site, installation for the automotive aftermarket.
socalTECH
JUNE 2, 2020
Los Angeles-based Trait Signal , a new, automatic analytics startup, said this morning that it has launched a software platform to provide car dealers insights on cars for sale. The startup says its platform, which is available to car dealers across the U.S. and Europe, aggregates information on automobile mobiles, providing information to help buyers understand a vehicle's "defining traits.
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