socalTECH
NOVEMBER 19, 2019
Hyundai is getting set to launch a new, car-sharing service in Los Angeles, called Mocean Carshare , the company said this week, ahead of the Los Angeles Auto Show. According to Hyundai, its new venture, MoceanLab , will initially launch with 20, plug-in-hybrid vehicles, with plans to eventually include 300 electric vehicles in its fleet, according to the auto maker.
TechCrunch LA
NOVEMBER 17, 2019
It was the one of the best phishing emails we’ve seen… that wasn’t. Phishing remains one of the most popular attack choices for scammers. Phishing emails are designed to impersonate companies or executives to trick users into turning over sensitive information, typically usernames and passwords, so that scammers can log into online services and steal money or data.
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L.A. Business Journal
NOVEMBER 20, 2019
PayPal Holdings Inc. paid $4 billion to acquire Mid-Wilshire-based ecommerce software developer Honey Science Corp.
Berkonomics
NOVEMBER 21, 2019
Often, we joke together as managers of companies or of people that our goal is “world domination” or “to crush the competition.” But no matter how stated, the primary goal of an enterprise is to make money. The three measures of progress. How do you measure progress toward such an undefined goal? We measure it by profit or revenue in dollars. But that is a number in a vacuum without at least two other measures: return on investment (ROI) and percentage of net profit to revenue.
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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.
socalTECH
NOVEMBER 21, 2019
Newport Beach-based fast food chain Chipotle is making it easier for you to order its burritos and other items, through a new link into Amazon Alexa , the company said on Thursday. Chipotle said that it has launched a Chpotle skill for Alexa, which allows its members to reoder their favorite meals for either delivery or pickup. According to Chipotle, users can download Amazon Alexa and enable the Chipotle skill, and link their Chipotle profile and reorder at any time.
TechCrunch LA
NOVEMBER 19, 2019
Last Monday a group of millionaires and billionaires took a trip to an industrial site in Lancaster, Calif. to witness the achievement of what could represent a giant leap forward in the effort to decarbonize some of the world’s most carbon intensive industries. For Bill Gross, the founder of Idealab and brains behind the excursion, the unveiling was simply the latest in a string of demonstrations for new technologies commercialized by his nearly three-decade old startup company incubator.
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Xconomy
NOVEMBER 20, 2019
Drug pricing debates and uncertainty associated with Brexit are the issues most likely to keep biopharmaceutical executives awake at night. Nevertheless, senior figures remain optimistic about the industry’s prospects in 2020. These are among the major findings of a survey of 500 industry leaders and investors conducted by investment bank Jefferies.
socalTECH
NOVEMBER 18, 2019
Goleta-based AutoVitals , which develops software-as-a-service (SaaS) products for the automotive repair and maintenance software business, has raised a round of private equity, the company recently announced, from private equity investor Tritium Partners. According to AutoVitals, the strategic growth investment will go to expand and enhance its offerings.
TechCrunch LA
NOVEMBER 19, 2019
Audi revealed Tuesday evening in Los Angeles the e-tron Sportback as the German automaker begins to chip away at its plan to launch more than 30 electric vehicles and plug-in hybrids by 2025. The e-tron Sportback reveal ahead of the LA Auto Show follows the launch earlier this year of Audi’s first all-electric vehicle, the 2019 e-tron. Audi has delivered 18,500 of its all-electric e-tron SUVs globally since March 2019 when the vehicle first came to market.
Startup Professionals Musings
NOVEMBER 18, 2019
As a business and entrepreneur advisor, I have no trouble getting owners and managers to agree that change is happening faster and faster in the consumer and technology world, requiring them to keep their business more agile , just to keep up. The challenge is that too many are confused on what that means for them, and what it takes to make their business competitively agile.
Xconomy
NOVEMBER 22, 2019
Bristol-Myers Squibb this week completed its acquisition of Celgene, a $74 billion deal that creates a pharmaceutical juggernaut. And all it took was the largest asset sale ever required by federal antitrust regulators. As the Federal Trade Commission reviewed Bristol’s (NYSE: BMS ) deal to acquire Celgene, anti-inflammatory drug apremilast (Otezla) emerged as a sticking point.
socalTECH
NOVEMBER 21, 2019
Irvine-based SurePrep , a developer of tax automation software and services for the professional tax return preparation market, has received what it calls a "significant" minority growth investment. The investment came from private equity investor Bregal Sagemount. Size and details on the financing round were not announced. According to SurePrep, the new investment will help it accelerate its development roadmap, plus strengthen its technology and processes, grow its client base, and expand into
TechCrunch LA
NOVEMBER 19, 2019
Volkswagen revealed Tuesday evening a new concept vehicle called the ID Space Vizzion, and despite the crazy Frank Zappaesque name, this one might actually make it into production in Europe and North America. The ID Space Vizzion is the seventh concept that VW has introduced since 2016 that uses its MEB platform, a flexible modular system — really a matrix of common parts — for producing electric vehicles that VW says make it more efficient and cost-effective.
Startup Professionals Musings
NOVEMBER 16, 2019
Getting things done effectively in a startup requires total individual and team accountability. You can’t afford excuses and multiple people doing the same job. In my view, “taking responsibility” is the core element behind accountability. Many people hear responsibility as an obligation, but I hear it as “the ability to respond.” Unfortunately many people don’t have the ability to respond, because they lack confidence in themselves, or simply don’t have the skills required.
socalTECH
NOVEMBER 21, 2019
In one of the biggest acquisitions out of Southern California's technology startup industry in recent years, Los Angeles-based Honey Science Corporation , which develops a savings discovery and price tracking tool, has been acquired by PayPal , in a deal worth approximately $4 billion. PayPal said the acquisition will help it in its efforts in digital commerce, and add an "extensive" set of consumer commerce capabilities to the company.
TechCrunch LA
NOVEMBER 19, 2019
The technology behind Hyundai’s new car-sharing service in Los Angeles is provided by a company that is largely unknown despite its ubiquity. Vulog announced Tuesday during Automobility LA that Hyundai will use its technology platform for a car-sharing pilot that will launch in Los Angeles at the end of 2019 and will eventually grow to 300 vehicles.
Startup Professionals Musings
NOVEMBER 17, 2019
Traditionally, the majority of entrepreneurs have been logical thinkers, problem solvers, with full attention to details. These are the stereotypical left-brain engineers. Yet I see a big shift from the knowledge age, with its left-brain foundation, to a critical focus today on visualization, creativity, relationships, and collaboration, which are more in the domain of right-brainers.
socalTECH
NOVEMBER 22, 2019
The founders of Santa Monica-based TaskUs , CEO Bryce Maddock and President Jaspar Weir, have received a national award as part of the Ernst & Young Entrepreneur Of The Year program, the only Southern California entrepreneurs to gain recognition in the yearly program. The two received the Entrepreneur Of The Year 2019 Award in the Services category, one of only 11 categories awarded in the E&Y program.
TechCrunch LA
NOVEMBER 19, 2019
When the Los Angeles-based startup Maslo launched its first product in early 2018 , the company was focused on a direct-to-consumer tool designed to encourage mindfulness and self-awareness through a machine learning enabled avatar that would respond to individual’s inputs. Now the company has reframed its offering, raised a fresh round of financing and is coming to market with a refined vision for a training tool for executive coaching.
Startup Professionals Musings
NOVEMBER 20, 2019
Most entrepreneurs believe they are “different,” but they can’t quite understand how. They usually explain it by insisting that they are driven to follow their passion, need to be their own boss, want to get rich quick, or want to change the world. I now believe that the roots of the difference may go back more than 10,000 years, when hunting and farming became two different lifestyles.
socalTECH
NOVEMBER 21, 2019
Wish there was some way you could always be the most fashionable person in your office or in your social circle? Los Angeles-based The Stylist LA says it has exactly what you're looking for--a subscription, rental service for fashion items. The Stylist LA says it has re-launched its rental subscription service, The Box by The Stylist LA , which it says lets members rent up to three pieces of fashion at once with unlimited swapping and complimentary laundering, all for $79 per month.
socalTECH
NOVEMBER 21, 2019
Los Angeles-based Wave --which was until recently known as TheWaveVR--has connected its virtual reality technology into the world of live concerts, the company said on Thursday. According to Wave, it has launched a new, mulkti-channel virtual entertainment platform, specifically allowing artists to perform live for fans in online games, social networks, live-streaming channels, or entertainment networks.
socalTECH
NOVEMBER 20, 2019
Playa Vista-based Appetize , which develops cloud-based, point-of-sale (POS) software for enterprise customers such as stadiums and other venues, has named a trio of new executives, as it continues to grow its business. According to Appetize, it has named Robbie Knutson-Ratto as Senior Vice President of Product, Alain Avakian as Chief Technology Officer (CTO), and also named co-founder Jason Pratts as Chief Information Officer.
socalTECH
NOVEMBER 20, 2019
Beverly Hills-based Kairos Venture Partners , which is led by General Manager James Demetriades, is looking to raise $250M in its third fund, Kairos Venture Partners III, L.P. , according to a regulatory filing by the firm. According to the filing, the fund has yet to make its first sale in the new fund. Kairos specifically invests in scientific research and technology developed at universities and research institutions, and has made more than 80 prior investments.
socalTECH
NOVEMBER 20, 2019
Los Angeles-based Mythical Games , a game technology studio which says it specializes in "digital ecosystems around player-owned economies", has raised $19M in a new, Series B funding round, the company said this morning. Mythical Games said the funding was led by Javelin Venture Partners, and also included new investors Avon Ventures, Alumni Ventures, and Hashed, along with its current investor Galaxy Digital (via Galaxy EOS VC Fund and Struck Capital).
socalTECH
NOVEMBER 19, 2019
Santa Monica-based Catasys , a developer of artificial intelligence-enabled healthcare technology, said this morning that it has named Gustavo Giraldo to its board of directors, replacing existing director Sharon Gabrielson. Giraldo is currently President of Behavorial and Specialty Health at Magellan Health, and previously had been Chief Operating Officer for Chubb's Latin American life, accident, and health business, as well as served at Cigna for 18 years.
socalTECH
NOVEMBER 19, 2019
San Diego-based 5G device maker Inseego said this morning that it has named Adam Gould as Senior Vice President, Product Management, IoT & Mobile solutions. Gould was most recently CEO of QuantalRF, a developer of low-power, high sensitivity RF technology. He was also VP of Market and Technology Disruption at ARM, and CEO of Sensinode; and also had served at NextWave Broadband, Motorola, and Nokia.
socalTECH
NOVEMBER 19, 2019
Los Angeles-based XPRIZE announced a brand new competition, the $10M Rainforest XPRIZE. According to the organization, the new competition will run for four years and calls on innovators to create technology capable of identifying and cataloging rainforest biodiversity and develop insights that may lead to a new bioeconomy through standing forests. XPRIZE says that current ways of measuring biodiversity--including in situ human-led studies, remote sensing by satellites or radar, or sophisticated
socalTECH
NOVEMBER 18, 2019
CrowdStrike , the developer of endpoint protection software which has a major presence in Irvine, says it has partnered with IT consulting provider Wipro. Crowdstrike said the partnership will see Wipro offering up CrowdStrike's Falcon platform to its customers worldwide. Wipro provides information technology, consulting, and business process outsourcing.
socalTECH
NOVEMBER 22, 2019
Los Angeles-based venture investor Moonshots Capital is the lead investor in a developer of wireless energy monitoring products, Copper Labs , in a $2M funding round. Copper Labs is based in Boulder, Colorado. According to Copper Labs, the new funding was led by Moonshots Capital, and also included Blue Bear Capital, Bull Creek Capital, Capital Factory and Service Provider Capital.
socalTECH
NOVEMBER 22, 2019
A team from the University of California, Riverside has scored the top prize in a "hackathon" run by insurance company Geico. According to Geico, the UC Riverside team--made up of William Shiao, Aditya Acharya, Eric Ong and John Shin--won a two-weekend hackathon, the GEICO Hacktivates Hackathon--which had invited teams from a number of other universities to compete in a competition on "tech skills and ingenuity".
socalTECH
NOVEMBER 22, 2019
Thousand Oaks-based biotech giant Amgen said Thursday that it has successfully completed its acquisition of the worldwide rights to Otezla , from Celgene Corporation , in a deal that was worth $13.4 billion. Otezla is an oral, non-biologic treatment for moderate-to-severe plaque psoriasis and psoriatic arthritis. Amgen acquired Otezla as part of the merger of Celgene with Bristol-Myers Squibb Company.
socalTECH
NOVEMBER 22, 2019
Elon Musk and Tesla unveiled a new electric vehicle--the Cybertruck --last night in a big event, showing off an highly unusual design, made of the same stainless style used on the SpaceX Starship. According to Elon Musk at the reveal event, the truck is bulletproof--even showing the results of a 9mm handgun against the door panels--and Musk joked that the company would make a "pressured version" for Mars.
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