Berkonomics
DECEMBER 9, 2021
Digging through your IP closet for gold…. In past years, several times a month I’d have lunch with one of my CEOs, and each time we’d find ourselves digging into the intellectual property developed by the company over the years, just to refresh ourselves about what the intended use was back then and whether new developments or technologies might make these older ideas and patents relevant again.
Startup Professionals Musings
DECEMBER 8, 2021
An all-too-common question I get from startups and small businesses is “Which is the right social media platform for my business?” Is it Facebook, Twitter, LinkedIn, or one of the other 200 active platforms vying for attention these days? The right answer is that not all of these are worth your attention, but it’s probably more than one. The “Tyranny of the OR” is a concept from the old classic business best-seller “ Built to Last ,” by James C.
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socalTECH
DECEMBER 9, 2021
Los Angeles-based startup, Nanotech Energy, is pitching customized, non-flammable Lithium-ion battery packs, saying it plans to deliver its products by Q4 of 2022. The company said it is developing graphene-based batteries and pouch cell battery packs, which it says can be used to power electric vehicles, bikes and scooters. The company has yet to deliver any products to market, but says it is now taking pre-orders for the yet-to-be-developed products.
Southern California Edison Blog
DECEMBER 8, 2021
Networks play a vital role in supporting tech startup growth objectives. However, many small businesses may struggle with operational costs and scaling their networks effectively. By leveraging managed network services , startups can offload time-consuming maintenance tasks and strengthen their IT infrastructure to increase their competitiveness. . Below you will learn about how managed solutions address the largest network-related challenges facing tech startups.
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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.
Startup Professionals Musings
DECEMBER 5, 2021
Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing. The founder explains that the product or service is so “buzz-worthy” that the merits will spread rapidly through word-of-mouth only, meaning people loving it and recommending it to their friends.
Startup Professionals Musings
DECEMBER 4, 2021
An entrepreneur lifestyle that continues to gain in popularity these days is being a “social entrepreneur.” In the simplest of terms, these are people who seek to generate “social value”, rather than profits, and use traditional business principles to provide solutions to social issues On the surface, this sounds like entrepreneurs who want to build a non-profit organization.
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Startup Professionals Musings
DECEMBER 6, 2021
If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy and walk away? For those who think that bankruptcy is the easy way out, think again. Bankruptcy should always be the absolutely last resort. The “advantage” of filing for bankruptcy, of course, is that it gets creditors permanently off your back, with no continuing lawsuits, based on funds derived from selling all assets.
socalTECH
DECEMBER 10, 2021
Los Angeles-based e-commerce logistics provider PARCLL said this week that it is expanding its network of facilities, and is opening up a new facility in the Dallas-Fort Worth, Texas area. The company said its now has facilities in Long Beach, New York City, Chicago, and Miami. PARCLL says it offers up small package delivery services for both domestic and international small parcel delivery.
socalTECH
DECEMBER 10, 2021
Los Angeles-based software developer Lighthouse, which develops software for landlords and tenants, says it is expanding its service, and will begun offering up security deposit insurance. The company said the new offering comes as a result of a partnership with Topa Insurance Company. Lighthouse said the service allows tenants to pay a monthly premium for insurance to cover lost rent or property damage, replacing the need for a high sum security cash deposit.
socalTECH
DECEMBER 10, 2021
Santa Monica-based healthcare apparel provider FIGS said this morning that its CFO, Jeffrey Lawrence, is retiring. According to FIGS, Lawrence will retire effective December 24th. Lawrence has been CFO of the company since December of 2020. FIGS did not say who will replace Lawrence as CFO at the company. The company said Lawrence had previously come out of retirement to help the company with its IPO.
socalTECH
DECEMBER 10, 2021
Redland-based geographcial information systems (GIS) software developer Esri and Microsoft have linked together on managing satellite imaging processing and analysis, according to the two. According to the two, Esri's ArcGIS Image will provide processing and analysis on imagery hosted in Azure Orbital, Microsoft's Satellite Ground Station As a Service.
socalTECH
DECEMBER 9, 2021
Mojave-based Stratolaunch, which is developing an aerial rocket launch system based on its own aircraft design, says it has snagged a research contract with the Missile Defense Agency (MDA).
socalTECH
DECEMBER 9, 2021
San Diego=based Bloom Science, a biotech startup developing microbiome-based treatments for neurological and inflammatory disease, says it has raised $12M in its Series A funding. The funding was led by Leaps by Bayer, the impact investment arm of Bayer AG, and the ALS Investment Fund, and also included Apollo Health Ventures, plus existing investor, Joyance Partners.
socalTECH
DECEMBER 9, 2021
Los Angeles-based First Resonance, which develops software for manufacturing operations, announced this morning that it has raised $14M in a Series A funding. The funding was led by Craft Ventures, and also included Blue Bear Capital, Fika Ventures, and Stage VP. As part of the funding, Michael Tam of Craft Ventures will join First Resonance's board.
socalTECH
DECEMBER 9, 2021
City of Industry-based NZXT, a maker of custom, gaming PCs, has raised $100M in a strategic investment, the company said this week. The funding came from private equity investor Franciso Partners. Acording to NZXT, the investment will bring on more senior talent, expand its product offering to include new hardware categories, expand its direct-to-consumer offering in new global markets, among other efforts.
socalTECH
DECEMBER 8, 2021
Santa Monica-based human resources (HR) software ad training products company Cornerstone OnDemand says it is in a new partnership with podcast provider WaitWhat, to offer up leadership podcasts featuring LinkedIn co-founder Reid Hoffman, interviewing such leaders as Barack Obama, Arianna Huffington, Bill Gates, Tory Burch and Sir Richard Branson, as well as the founders and CEOs of Netflix, AirBnb, Peloton, Delta, Nike, Disney, Spotify, Starbucks, Google, Pepsi and others.
socalTECH
DECEMBER 8, 2021
Los Angeles-based ChowNow said on Tuesday that it has launched a brand new feature on its marketplace, providing a new "Diner Impact Score" which shows end users how much they are saving their local restaurants by using its app, instead of others. According to the company, it is cumatively tracking the impact diners can create by placing orders through its ordering platform, instead of other apps.
socalTECH
DECEMBER 8, 2021
Los Angeles-based commercial real estate marketplace Crexi says it has hosted its largest ever auction of a property, a $205M property in Las Vegas. According to the company, the auction was for the Beltway Business Park in Las Vegas, Nevada. The company said it sold at 32 percent over reserve, and received 15 total bids. The company says that it now has over 225 employees, and so far has helped to close upwards of $330 billion in transactions.
socalTECH
DECEMBER 8, 2021
Los Angeles-based ChargeSentry, a new fintech startup looking to help e-commerce merchants stem revenue loss from "chargebacks"--the automatic refunds given by credit card companies when consumers complain of unauthorized charges. According to ChargeSentry, it has developed a chargeback response service which automatically manages chargebacks for e-commerce merchants, aiming to help small and medium-sized merchants, who do not have the resources of large enterprise merchants to handle the issue.
socalTECH
DECEMBER 8, 2021
Santa Monica-based micromobility services provider Bird is offering up several new, retail products at Target, saying it has launched three new retail vehicles. The company said it has launched the electric Bird Bike, the Bird Flex e-scooter and Birdie Glow, a "children's kick scooter with light-up wheels!". The company said the new line of products are aimed at users interested in owning their own "micromobility device".
socalTECH
DECEMBER 7, 2021
Irvine-based MARQUE Luxury, which provides wholesale, pre-owned designer handbags and other goods, says it has opened up a new, retail location in Houston, Texas. The company said its new "Re-commerce Hub" will display its product offerings, including designer bags, watches, jewelry, and accessories. The company said its digital inventory catalog will be available for purchase at the location as well.
socalTECH
DECEMBER 7, 2021
San Diego-based ExamRoom Live, a startup developing medical practice software, said on Monday that it has launched a new app, which lets medical offices handle telehealth, payment, text messaging, Efax, and time tracking. The company says its service starts at $10 per month, is compliant with HIPAA regulations, among other.
socalTECH
DECEMBER 7, 2021
Venture-backed startup Better.com, which offers up an online mortgage service--and which has offices in Irvine--is getting widespread heat for its approach to layoffs--a three minute Zoom call, and the CEO's messages saying those laid-off employees were "stealing" from the company having allegedly working only two hours daily. The company reportedly invited 900 employees to a Zoom call last Wednesday, and then summarily told those attending that "If you're on this call, you are part of the unluc
socalTECH
DECEMBER 7, 2021
Los Angeles-based game studio Sequoia Games says it has raised a Series A round of funding, from such angels as. Mark Mastrov (founder of 24 Hour Fitness), Steve Kokinos (CEO of Algorand), George Ruan (founder of Honey, recently acquired by PayPal), as well as Borderless Capital, KittyHawk Ventures, and Citta Capital. According to the company, it is developing licensed sports gaming titles, which fuse professional sports and augmented reality.
socalTECH
DECEMBER 6, 2021
Claremeont McKenna College says it has received $40M for a new sciences center, from the W.M. Keck Foundation. The school said the new center will house its new integrated sciences program, and will be named the Robert Day Sciences Center, honoring Claremont McKenna alumnus and trustee, and W.M. Keck Foundation Chair and Chief Executive Officer. The new center will be 120,000 square feet.
socalTECH
DECEMBER 6, 2021
Camarillo-based semiconductor developer Semtech and wireless power company Spark Connected said the two companies have settled their intellectual property dispute. Financial details of the settlement were not announced. Spark Connected had sued Semtech in the United States District Court for the Eastern District of Texas over patent infringement, in Case No. 4:18-cv-00748.
socalTECH
DECEMBER 6, 2021
Santa Monica-based private equity investor Clearlake Capital says that it has sold one of its portfolio companies, Provation, which provides software to the healthcare industry. Financial details of the sale were not announced. Clearlake said it investedin Provation in March of 2018, after a carve-out acquisition from Wolters Kluwer. The company also funded the acquisition of four companies for Provation, including MD-Reports, ePreop, iProcedures and endoPRO.
socalTECH
DECEMBER 6, 2021
NASA said on Friday that it is awarding three more, crewed astronaut missions to SpaceX. According to NASA, the addition of those three new crew flights will allow the agency to "maintain an uninterrupted U.S. capability for human access to the space station." The contract award comes as SpaceX competitor Boeing has seen more delays for its own spacecraft launch efforts.
socalTECH
DECEMBER 6, 2021
The California Institute of Technology has filed a new patent infringement lawsuit, after winning $1.1 billion in damages in a patent infringement lawsuit last year against Broadcom. Caltech filed a lawsuit gainst Samsung, saying that Samsung's Galaxy phones, tablets, and watches use Wi-Fi chipsets which infringe on five of its patents. Caltech also has a lawsuit pending against Microsoft, alleging Microsoft's Surface tablets, laptop, and videogame systems also infringe on those same patents.
Southern California Edison Blog
DECEMBER 8, 2021
Malicious attackers perceive tech startups as vulnerable, valuable targets: startups often have fewer infrastructure protections and smaller IT teams than their more established counterparts, and multiple connections to larger companies with lucrative data. . In the past year, 42% of small businesses experienced a cyberattack. Those incidents took several forms: . 23.7% were phishing attacks. 18.6% were data breaches. 15.6% were malware attacks. 14.8% were denial of service (DOS) attacks. 11.3%
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