Berkonomics
JANUARY 12, 2023
Some types of businesses generate more and more recurring revenues over time, often growing to a size where recurring revenues pay all of the overhead of the company – an enviable position. The surprising recurring revenue trap. There is a phenomenon I have observed time after time with mature companies receiving over 75% of their revenues from recurring sources.
socalTECH
JANUARY 10, 2023
San Diego-based CARI Health, which is developing a wearable, real-time mediation monitor, said on Tuesday that it has raised $2.3M in a seed funding round. The funding came from the San Diego Angel Conference, NuFund Venture Group, Cove Fund, Chemical Angel Fund, Medical Devices of Tomorrow, along with other individual investors. The company said the funding will go towards in-patient clinical studies.
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Startup Professionals Musings
JANUARY 13, 2023
Every business professional and entrepreneur believes they are good communicators, but how do they know? It’s really the perception of the recipients that counts, and poor communicators are almost always poor listeners, so they don’t hear the shortcomings. Warren Buffet once told a class of business students that better communication could boost their value by fifty percent.
socalTECH
JANUARY 10, 2023
Mojave, California-based Virgin Orbit reported on Monday that its first attempted launch of a payload from the United Kingdom "fell short of reaching its target orbit". The company, which launched the rocket from its customized 747, the Cosmic Girl, said that at some point after launching its rocket, the "system experienced an anomaly", "ending the mission prematurely".
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Startup Professionals Musings
JANUARY 7, 2023
As an entrepreneur mentor and startup investor, I see with sadness the 50 to 90 percent that fail. If you ask them for a reason, most will insist that they couldn’t get funding, or they ran out of money too early. But I’m not convinced that it’s as simple as that. Many are just not facing the reality that their passion had a critical business flaw. As I was contemplating a classic book “ Dead Companies Walking ,” by Scott Fearon, who runs a hedge fund that profits from businesses headed toward b
Startup Professionals Musings
JANUARY 9, 2023
Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing. Being very visible in the startup community, I still get an amazing number of badly written emails, rambling executive summaries, and business plans with one paragraph per chapter.
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socalTECH
JANUARY 13, 2023
Camarillo-based Semtech said late Thursday afternoon that it has completed its acquisition of Vancouver, British Columbia-based Sierra Wireless. The deal was worth approximately $1.2 billion, and was an all-cash transaction. According to Semtech, the deal is expected to add approximately $100M of high-margin IoT cloud services to its recurring revenues.
socalTECH
JANUARY 13, 2023
Los Angeles-based electric vehicle charging network operator EVgo said this week that it is launching a program to "replace, upgrade" and even "retire" hundreds of its stations. According to the company, the move will go to enhance its charger availability and will help with "building range confidence" for EV drivers. EVgo said said it has been installing its charging stations fore more than a decade.
socalTECH
JANUARY 13, 2023
Singapore-based Crypto.com--the cryptocurrency company which owns the naming rights to the Crypto.com Arena in Los Angeles--has cut 20 percent of its staff, citing "economic headwinds" and "unforeseeable" events in the crypto industry. The cuts. reportedly impacted more than 2,000 people. Crypto.com blamed the collapse of FTX. Crypto.com bought the naming rights to what was the Staples Center, the home of the Lakers and the Sparks, back in 2021; the company agreed to pay $700M in that naming rig
socalTECH
JANUARY 12, 2023
Los Angeles-base Cosm, which develops immersive media, said on Thursday that it has acquired C360, a developer of immersive video products based in Pittsburgh, PA. Financial details of the acquisition were not announced. According to Cosm, C360's client included sports media companies and leagues, plus various governmental agencies. Cosm said it was the lead investor in an early 2022 round of investment in C360.
socalTECH
JANUARY 10, 2023
Irvine-based Telesair, a medical equipment developing developing a mobile medical respirator that the company says helps get patients out of the hospital sooner, has raised $22M in a Series A funding round. The funding was led by Pasaca Capital and also included Honeywell, ZhenCheng Capital, Shangbay Capital, Device of Tomorrow Capital, Berkeley Catalyst Fund and Ultrastar Ventures LLC.
socalTECH
JANUARY 10, 2023
San Diego-based CRISPR QC, a startup developing data and analytics tools for the gene editing market, announced on Tuesday afternoon that it has raised $1.6M in a seed funding round. The funding was led by Serra Ventures, and also included CaerusX Ventures, the investment company of George Bonaros. CRISPR is led by CEO Ross Bundy.
socalTECH
JANUARY 11, 2023
San Diego-based National Resilience, a provider of biopharmaceuticals manufacturing, said on Tuesday that it has received an equity investment from adala Investment Company PJSC (Mubadala), one of Abu Dhabi's sovereign investment funds. Financial details of the investment were not announced. National Resilience said it will construct a new manufacturing facility in Abu Dhabi, UAE, as a result of the investment.
socalTECH
JANUARY 9, 2023
Los Angeles-based private equity investor Lone View Capital said this morning that it has made an investment in Trend Health Partners, a developer of products in the credit balance management and payment accuracy market. Fnancial details of that investment were not announced.
socalTECH
JANUARY 9, 2023
Mojave-based space launch provider Virgin Orbit is planning its very first launch in the United Kingdom--the first space launch in that country--using its Boeing 747 aircraft, the Cosmic Girl. According to Virgin Orbit, the launch window for its Start Me Up mission opens on Monday, 9 January at 22:16 UTC with additional back-up dates continuing into mid and late January.
socalTECH
JANUARY 9, 2023
Camarillo-based PBS Biotech, which is developing single use bioreactors for the biotech industry, said it has raised $22M in a funding round. The funding was led by Avego Management, and also included BroadOak Capital Partners. According to the company, it will use the new funding to improve its product portfolio, expand its process development services capability, and increase customer support.
socalTECH
JANUARY 9, 2023
Santa Barbara-based Live Data Technologies said this morning that it has raised $5M in a Series A funding round. Source of the funding was not announced. The company says it is developing software to verify B2B contact data for people, tracking people as they move jobs. The company says its database covers 70 million people at 2 million companies, and is tracking over 30,00 daily job changes.
socalTECH
JANUARY 9, 2023
San Diego-based Verogen, a developer of next generation sequencing technology for the forensics industry, has been acquired by Netherlands-based QIAGEN, QIAGEN said early this morning. Financial details of the transaction were not announced. Verogen was founded in 2017, and develops tools and services used by forensic science laboratories and criminal investigators in criminal and missing-persons cases.
Startup Professionals Musings
JANUARY 8, 2023
If you have a software development background like mine, I’m sure you often get questions about when to outsource, versus building the solution in-house. The same applies to manufacturing and almost any process these days. Outsourcing is defined as contracting the work to another company, usually located in a developing country, like India, China, or Eastern Europe.
socalTECH
JANUARY 10, 2023
La Jolla-based Personal AI, which is developing artificial intelligence software to help users draft personal messages, retain, and recall personal information, has raised $7.8M in a seed funding round. The funding came from Supernode Global, Differential Ventures, BBG Ventures, Beni VC, Village Global, Keshif Ventures, and Good Friends (founders of Warby Parker, Harry's, and Allbirds).
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