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So, we’ve previously discussed why it is important for you to build consensus in an organization in most every major decision. To do that, you must be able to relinquish some degree of power, overriding decisions made by consensus only with some thought and certainly with an explanation to those involved. Never fear empowering others. If you’re secure in your position, you should never fear empowering direct reports to make decisions that fall within the resources allocated to them and within t
Amazon and Ring , the Santa Monica company now owned by Amazon, are the targets of a new class action lawsuit filed in Alabama by a man who claims Amazon and Ring have filed to do enough to secure their systems against hacking. The lawsuit still needs to be approved for class action status. The legal filing comes after a long list of high profile, security-camera hacking incidents that have occurred in the last month, many linked to a group of hackers which were streaming hacked cameras live on
Every startup needs a couple of advisors with deep experience and connections in your business domain or financial skills to complement your technical focus. Advisors need to be mentors, looking ahead and directing you on key actions to take or avoid. Unfortunately, many prefer the role of critic, looking backward to highlight your mistakes. These people don’t help you or your startup.
Dog-walking application developer Wag Labs Inc. closed out a turbulent 2019 with another round of layoffs, according to a filing with the California Employment Development Department.
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.
Every year, at the end of the year, we share some reflections on the past year from our readers, entrepreneurs, venture capitalists, sponsors, and others in the local technology community. Today, we share the thoughts of Andy Wilson , Managing Director of the Alliance for SoCal Innovation (www.alliancesocal.org). We'll be featuring contributions all through the holiday season.
Welcome to another challenging new year ahead! You’ve probably already made your resolutions for 2020, but if not, I suggest a renewed commitment to finding happiness and satisfaction in your chosen business lifestyle. After all, most of us spend more hours in this role than any other, and life is too short to spend most of your life unhappy. As a mentor to entrepreneurs and business owners, and seeing their workload and challenges, it would be easy for me to conclude that starting a business is
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Welcome to another challenging new year ahead! You’ve probably already made your resolutions for 2020, but if not, I suggest a renewed commitment to finding happiness and satisfaction in your chosen business lifestyle. After all, most of us spend more hours in this role than any other, and life is too short to spend most of your life unhappy. As a mentor to entrepreneurs and business owners, and seeing their workload and challenges, it would be easy for me to conclude that starting a business is
The new year is officially here and, hopefully, your business is thriving. Customers are happy, clients are beaming, and the revenue just keeps rolling in. However, as a business owner, you know that resting on your laurels can be dangerous, which is why staying up to date with the latest business technology is a necessity. Companies of all shapes and sizes are now taking advantage of digital resources to help run everything from daily tasks to tedious data analysis.
San Diego-based life sciences equipment maker Illumina , and Pacific Biosciences of California have called off a $1.2 billion merger and acquisition deal, where Illumina had sought to acquire Pacific Biosciences. The two had previously announced the merger and acquisition deal in November of 2018. According to the two, the cancellation came due to the "lengthy regulatory approval process the transaction has already been subject to and continued uncertainty of the ultimate outcome" of the deal.
Every entrepreneur I know is dismayed by the number of friends who approach them with a line such as “I have an even better idea that will change the world, and one of these days I’m going to get around to starting my own business.” I always wonder what is more important to them on an ongoing basis than changing the world, since their startups usually never materialize.
Home of L.A.’s most innovative technology companies made bold promises in 2019. Now investors and consumers will be watching closely to see if they can deliver in 2020.
The new year is just hours away, which means that shortly, thousands of journalists will be flocking to Vegas to attend CES – home of the largest annual tech showcase on the planet. Flesh will be pressed, complimentary bars emptied, but most importantly we'll get a first look at some of the gadgets that will dominate 2020. So what can we expect to see?
DICE , a game studio owned by Electronic Arts, is setting up a new studio in Los Angeles , to be headed by game designer Vince Zampella, according to an interview with Zampella in the LA Times. Zampella was co-founder of Respawn Entertainment, known for its Titanfall title, and was at Infinity Ward working on the Call of Duty game franchise. Respawn Entertainment was acquired in 2017 by Electronic Arts.
In my work with new and aspiring entrepreneurs, I find that most struggle with putting together a written business plan, often pointing out that someone they know started a business without anything written down. My experience is that the discipline of documenting a plan will improve your likelihood of addressing all the right issues , as well as finding the right partner or investor.
Private equity firm LS Power Group, which invests in clean power and alternative energy sources across the country, has acquired a majority stake in EVgo Services.
If you run a salon or spa, how do you tackle the challenges of scheduling and your point-of-sale? Los Angeles-based Boulevard (www.joinblvd.com) has develops business management software to help premium salons and spas with their operations. The company is lead by Matt Danna , who previously was at Fullscreen, and is backed by Index Ventures and Bonfire Ventures.
If you are like most entrepreneurs I know, there just aren’t enough hours in a day to get all your own work done, as well as run the many one-hour meetings each team member seems to demand for decisions and mentoring. I have found it to be more productive and effective to lead with the model that no meetings will take an hour, and may be done in as little as five minutes.
DNA sequencing machine maker Illumina will have to find another way to “read” long pieces of genetic material as well as short stretches, the genomic giant’s bailiwick. Its $1.2 billion proposal to acquire long-read capability by buying rival Pacific Biosciences ended Thursday following challenges from antitrust regulators. The deal foundered about 14 months after the companies first announced the plan to combine businesses.
San Diego-based companies Arena Pharmaceuticals and Beacon Discovery said this morning that they are in a new, strategic partnership, focused on commercializing treatments for a variety of immune and inflammatory diseases. According to the two, the multi-year partnership focuses on building novel medicines across a range of G protein-coupled receptor (GPCR) targets.
Santa Barbara-based Yardi , which develops real estate management software, reported over the holidays that it has been selected by a customer in Singapore. According to Yardi, JMD Group of Companies will manage its real estate assets with Yardi Voyager, Yardi's cloud-based propert management and accounting software. Financial impacts of the deal were not announced.
Thousand Oaks-based Amgen announced Thursday that it has entered into a strategic collaboration with BeiGene the expand its oncology research efforts in China. According to Amgen, it paid $2.8 billion in cash to acquire a 20.5 percent stake in BeiGene. Amgen said the move will "significantly accelerate" its plans to expand its oncology efforts in China.
Santa Barbara-based smart speaker manufacturer Sonos is being panned for its new "Recycle Mode" and trade-up program, which deliberately bricks its older devices. Sonos is selling its trade up program as a way to be "environmentally friendly"; however, according to electronics recycling facilities, those older devices still have a lot of value on the used market, and are forcing useful equipment to be scrapped instead.
Every year, at the end of the year, we share some reflections on the past year from our readers, entrepreneurs, venture capitalists, sponsors, and others in the local technology community. Today, we share the thoughts of Peter Cowen , Managing Director of Sutton Capital Partners (www.suttoncapitalpartners.com). Socaltech has partnered with Sutton Capital Partners with their Recurring Revenue Conference for several yars.
Venice-based Snapchat is planning to launch a new feature in February, which will feature users' Bitmoji avatars as the main characters in a custom cartoon. The new feature--called Bitmoji TV , is expected to include users' Bitmoji avatars included in "secret agent missions", piloting a spaceship, and much more. A number of users have posted the teaser for Bitmoji TV that Snapchat apparently sent out over the last couple of days.
Every year, at the end of the year, we share some reflections on the past year from our readers, entrepreneurs, venture capitalists, sponsors, and others in the local technology community. Today, we share the thoughts of Michele Ruiz , the Co-Founder and CEO of BiasSync (www.biassync.com), a startup which develops products that helps help organizations more effectively assess and manage unconscious bias in the work environment.
Every year, at the end of the year, we share some reflections on the past year from our readers, entrepreneurs, venture capitalists, sponsors, and others in the local technology community. Today, we share the thoughts of Mike Jones , Co-founder and CEO of Science, Inc. (www.science-inc.com), which has been behind such companies as Dollar Shave Club, August Home, DogVacay, Hello Society, Playhaven, and many others.
In the week leading up to Christmas, six drugs won FDA approvals. The decisions covered insomnia, migraine, and several different forms of cancer. The FDA’s final tally for the year totaled 48 new drug approvals. If you’re keeping score, that compares with 59 approvals in 2018 and 46 in 2017. Most of the nods went to small molecule drugs and cancer drugs continued to represent a significant chunk of the new approved medicines.
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