TechEmpower
MAY 28, 2020
Round 19 of the TechEmpower Framework Benchmarks project is now available! This project measures the high-water mark performance of server side web application frameworks and platforms using predominantly community-contributed test implementations. Since its inception as an open source project in 2013, community contributions have been numerous and continuous.
TechCrunch LA
MAY 24, 2020
Fashion is having its moment in the metaverse. A riot of luxury labels, music, and games are vying for attention in the virtual world. And as physical events and the entertainment industry that depends on them shuts down, virtual things have come to epitomize the popular culture of the pandemic. It’s creating an environment where imagination and technical ability, not wealth, are the only barriers to accumulating the status symbols that only money and fame could buy.
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Startup Professionals Musings
MAY 23, 2020
It’s still popular these days for startup founders to operate in stealth mode, meaning no details about the idea or progress are shared with anyone until the big reveal and rollout. The common reason given is that this prevents any competitor from stealing their idea and beating them to market. In my view, this paranoid approach costs them much more than the risk of being open.
Berkonomics
MAY 28, 2020
This is one of those “My dad used to say” homilies. You’ve probably heard the accompanying “It takes just as much effort to sell a small deal as a big one,” over the years. It is not that simple in the business world. The truth of this is more nuanced. Some businesses will prosper in the shadow of larger competitors by specializing in those smaller accounts that are just not attractive to those with higher overheads and larger aspirations.
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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
MAY 25, 2020
Santa Monica-based ecommerce startup Tapcart Inc. has raised $10 million in a Series A round led by San Francisco-based SignalFire.
Xconomy
MAY 26, 2020
Privately held biotech ViaCyte has banked $27 million, the majority an installment of cash from a tranched $80 million Series D financing round it closed in late 2018. The company says the money will go to further develop the three diabetes treatment programs it has underway, including enough prep work to enable it to bring the latest addition to its pipeline, which uses gene-editing, into clinical trials.
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Tech.Co
MAY 26, 2020
Jeff Bezos didn't get to be the world's richest man by writing a lot of checks, and one recent way to keep Amazon's profits healthy has been to cut its affiliate commissions scheme. Amazon used its popular affiliate program to spur additional growth, getting reviewers and publishing sites – including us here at Tech.co – to link to Amazon in exchange for a small payout whenever a reader bought something by following that link.
L.A. Business Journal
MAY 25, 2020
Gaming companies, already a nimble bunch, are adapting and even thriving in a Covid-19 world.
socalTECH
MAY 29, 2020
San Diego-based Ascus Biosciences , a developer of feed supplements for animal health and nutrition, said this week that it has raised $46M in a Series B funding round. THe funding was led by Temasek Holdings, and also included Anterra Capital, Formation 8, and Cavallo Ventures (venture capital arm of Wilbur-Ellis), as well as angels. According to Ascus Biosciences, it will use the funding to go towards its customers sales and service teams, new products, as well as its core technology platform.
Startup Professionals Musings
MAY 24, 2020
The era of stable lifetime jobs for business professionals within a single company are gone. Companies are rightsized quickly now as markets change rapidly, and business professionals are quick to jump to new opportunities for growth and survival, with no ties to special benefits or pension plans. Thus smart business professionals are rapidly becoming the new entrepreneurs.
Xconomy
MAY 29, 2020
An AbbVie drug that treats pain in the uterus has notched an additional FDA approval for addressing heavy menstrual bleeding associated with uterine fibroids. The regulatory decision Friday covers that drug, elagolix, combined with estrogen and progestin in a capsule that North Chicago, IL-based AbbVie (NYSE: ABBV ) plans to market as Oriahnn. Elagolix (Orilissa) was approved in 2018 as a treatment for moderate-to-severe pain associated with endometriosis, a condition in which tissue that normal
L.A. Business Journal
MAY 25, 2020
Kevin Mayer, a longtime Walt Disney Co. executive, has left the company to become chief executive of TikTok, the rapidly growing short-video platform owned by Chinese startup ByteDance Ltd.
socalTECH
MAY 28, 2020
Los Angeles-based Two Bit Circus Foundation , the nonprofit, educational organization associated with Two Bit Circus , says it is partnering with the Annenberg Foundation 's educational division, Annenberg Learner , to provide access to more than 150 hands-on science, arts, and tech projects. The projects--all focused on STEAM (science, technology, engineering, art, and math) content--are aimed at educators, parents, and children.
Startup Professionals Musings
MAY 25, 2020
The last thing a new entrepreneur wants to think about for a new startup is how it will end. Yet one of the first things a potential equity investor asks about is your exit strategy. The answer you give can make or break your ability to get an investment, so you need to have the right answer ready before anyone asks. Here are three important reasons for the question: Good investment paybacks normally require an exit event.
SoCal Tech Calendar
MAY 28, 2020
Wednesday, June 3, 2020 -- The Mindset of an Investor Today. Join Peter Cowen (Managing Director, Sutton Capital Partners) as we explore what SaaS investors are looking for in the current climate. Sutton Capital Partners and the Recurring Revenue Conference. 6/3/20 - Ben Narasin, Venture Partners, NEA.
L.A. Business Journal
MAY 25, 2020
Santa Monica-based ecommerce startup Tapcart Inc. has raised $10 million in a Series A round led by San Francisco-based SignalFire.
socalTECH
MAY 28, 2020
Santa Monica-based Snap Inc. said today--unsurprisingly--that it will run its annual partner summit online. Snap said its Snap Partner Summit will take place virtually on June 11th, and will features video keynotes as well as video breakout sessions. The company said those keynotes will feature Snap Inc. co-founders Evan Spiegel, Chief Executive Officer, and Bobby Murphy, Chief Technology Officer, along with others.
Startup Professionals Musings
MAY 29, 2020
As an investor, innovation is a term I certainly like to hear these days, but many of you entrepreneurs try to take it to the next level, by claiming to have a “ disruptive innovation.” What you probably don’t realize is that the term disruptive brings its own set of baggage, implying to investors extra high risk, high market building costs, and a long slow ramp before payback.
Xconomy
MAY 27, 2020
Xconomy Insight is excited to offer two special webinars to our community this June. Sponsored by Eurofins, registration is free to all. Screening Approaches for Reducing Attrition Due to Drug-induced Liver Injury (DILI) Early in Drug Discovery Date: Wednesday, June 10, 2020 Time: 9:00am PDT / 12:00pm EDT Duration: 1 hour Register today In this webinar, we will discuss a set of in vitro assays that tackle the challenges of in vitro hepatotoxicity assessment.
L.A. Business Journal
MAY 25, 2020
Motiv Space Systems Inc., a Pasadena-based space motion control and robotics company, has developed a modular robotic arm system that can perform on-orbit assembly and satellite servicing tasks.
socalTECH
MAY 27, 2020
Los Angeles-based Fernish , a direct-to-consumer furniture rental company, said on Wednesday that it has raised $15M in a Series A funding round. The funding was led by Khosla Ventures, and also included a number of angels, including Scott Cook (founder of Intuit); Jeff Wilke (Amazon's CEO of Worldwide Consumer); Tapas Capital (a group of former Amazon executives); John Helm with Real Estate Technology Ventures; Fred Tuomi, the former CEO of Invitation Homes; PLG Ventures; Techstars Los Angeles;
AllTopStartups
MAY 28, 2020
Just months ago, COVID-19 began to disrupt society and business in more ways than we could have ever anticipated. For many college students, being removed from productive and social school… The post The Egg Wants to Make Entrepreneurship More Accessible For Students appeared first on AllTopStartups.
Xconomy
MAY 29, 2020
A year ago about 40,000 people gathered in Chicago for the annual meeting of the American Society of Clinical Oncology. Today a virtual version of the ASCO conference, the cancer field’s largest, kicks off, with oncologists and others tuning in from throughout the country and around the world to check out the latest in cancer research. ASCO 2020 won’t be the Windy City gathering it usually is, but drug and diagnostics developers are still raring to share fresh data from their efforts
L.A. Business Journal
MAY 25, 2020
UpKeep Technologies Inc., the Westwood-based work-order management software developer, said it has raised $36 million in a Series B, bringing the company’s total funding to $48.8 million.
socalTECH
MAY 26, 2020
La Jolla-based Platform Science , a developer of fleet management software and technology, has raised $42M in a Series B funding, the company disclosed recently. The funding was led by Prologis, and also include Daimler Trucks AG, 8VC, NewRoad Capital Partners, Schematic Ventures, and Cambridge Capital. Platform Science had announced a partnership with Daimler Trucks North America, along with Daimler's participation in its Series B, at the beginning of May.
Southern California Edison Blog
MAY 27, 2020
According to Gartner, downtimes cost enterprises an average of $5,600 per minute or $336,000 per hour 1. To prevent this, enterprises require strong network setups and access to the right expertise to promote network reliability. . Having access to a dependable network with maximum uptime correlates directly with an organization’s ability to remain productive, innovative, and competitive.
L.A. Business Journal
MAY 25, 2020
Kevin Mayer, a longtime Walt Disney Co. executive, has left the company to become chief executive of TikTok, the rapidly growing short-video platform owned by Chinese startup ByteDance Ltd.
socalTECH
MAY 26, 2020
Carlsbad-base Qualigen , a developer of products for the treatment of cancer and infectious diseases, said this morning that it has completed its merger with publicly traded Ritter Pharmaceuticals (RTTR). The companies said the newly merged company will operate under the name Qualigen Therapeutics, Inc., and the newly merged company will begin trading on the Nasdaq Capital Market today under the symbol QLGN.
socalTECH
MAY 26, 2020
Goleta-based Apeel Sciencs , a startup developing technology which coats fresh fruit and vegetables with what it calls an "extra peel" to help preserve fruit for longer, has raised a huge, $250M funding round, the company said on Tuesday. The funding was led by GIC. The funding--which values the company at over one billion dollars--adds the company to Southern California's list of "unicorn" companies.
socalTECH
MAY 29, 2020
Hawthorne-based SpaceX has seen another setback in their efforts to develop its next generation Starship, after a full size prototype of the SpaceX Starship exploded after a test firing of its Raptor engines. Videos show the Starship exploding at SpaceX's test site at Boca Chica, Texas at 1:49 p.m. CDT, with debris falling all around the test site. The Starship is intended to eventually replace the Falcon 9 and Dragon, and is expected to be the basis for SpaceX's plan to deliver humans to Mars.
socalTECH
MAY 29, 2020
Los Angeles-based mobile app developer Maple Media says it has acquired the mobile application NOAA Hi-Def Radar , which provides weather information, from The E.W. Scripps Company. Financial terms of the acquisition were not announced. NOAA Hi-Def Radar had been acquired by Scripps in 2014, after Scripps acquired WeatherSphere. According to Maple Media, NOAA Hi-Def Radar is one of the highest grossing weathers apps on the App Store, and provides radar, forecasts, and alerts.
socalTECH
MAY 29, 2020
Newport Beach-based WorkSpace , a developer of software used by commercial real estate teams to manage their operations, has received funding from ASG , a backer of software-as-a-service companies. Size and terms of the investment were not announced. According to Workspace, the additional capital also comes as it has hired a new President, Chief Operating Officer, VP of Sales, and VP of Engineering.
socalTECH
MAY 28, 2020
Morse Micro , an Australian developer of low power, Wi-Fi integrated circuits, says it has set up a new U.S. headquarters in Irvine, and named longtime Broadcom veteran Vahid Manian as the company's Chief Operating Officer (COO). According to Morse Micro, the company plans to grow its team at its new Irvine headquarter, along with in Sydney Australia.
socalTECH
MAY 28, 2020
Glendale-based Loop Media , which develops short-form video for online and app streaming, says it has partnered with Drone TV, a streaming channel for aerial videos from around the globe. Financial terms of the partnership were not announced. Loop Media said it will provide access to Drone TV's high quality drone-recorded videos, both for its business and consumer platform.
socalTECH
MAY 28, 2020
Los Angeles-based Stackin' , which operates a text-based, financial messaging platform which provides information to subscribers on how to save money, reduce debt, and start investing, has raised $12.6M in a funding round, the company said this morning. The funding was led by Octopus Ventures, and also included Experian Ventures, Cherry Tree Investments, Dig Ventures, Mucker Capital, Unlock Venture Partners, TechStars and Wavemaker Partners.
socalTECH
MAY 27, 2020
Hawthorne-based SpaceX and NASA will re-attempt the first launch of satellites into space on the SpaceX Crew Dragon and a Falcon 9 on Saturday, after being forced to scrub their Wednesday launch. Inclement weather, including nearby thunderstorms and rain, forced SpaceX to halt its launch efforts 16 minutes before launch. There is also another possible launch window on Sunday, in case of any additional issues for the launch on Saturday.
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