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Many people will write the history on why Ring became an enormously successful company and why it became a real-world unicorn in a world when many startups are anointed that merely on paper. Since I had a ringside seat to the company before it really existed all the way through the end I thought I’d offer my version and what I think it means for our future.
The city of Glendale, Calif. seems like an unlikely place to grow one of the next billion-dollar startups in the booming Los Angeles tech ecosystem. Located at the southeastern tip of the San Fernando Valley, the Los Angeles suburb counts its biggest employers as the adhesive manufacturer Avery Dennison; the Los Angeles industrial team for the real estate developer CBRE; the International House of Pancakes; Disney Consumer Products; DreamWorks Studios; Walt Disney Animation and Univision. “
Small companies most often scrape by with borrowed or invested funds, doing everything possible to grow and prosper with limited resources. So, it is like a punch in the gut when an employee makes a claim against the company for a perceived or actual but unintentional violation of a law or regulation. Or when a former employee strikes out with a suit claiming discrimination for one of a thousand causes.
What is Startup Boost , and how is it looking to help early stage startups in Los Angeles? We recently sat down with Matt Stodder , Co-Director of Startup Boost/Los Angeles, and Blake Caldwell , Global Director of Startup Boost, to learn more about the program, what it offers up to startups. Explain what Startup Boost is? Blake Caldwell: This is our second cohort at Startup Boost, which is a preaccelerator.
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.
Thursday, April 19, 2018 -- HR101: Hiring, Onboarding, and Paying Employees. SCORE. The SCORE/Paychex seminar, HR101: Hiring, Onboarding, and Paying Employees, helps entrepreneurs select and develop productive and engaged employees.
View the Slideshow With the first quarter in the books, it’s time to step back and lay out Xconomy’s editorial map for the rest of the year. As readers know, we strive to cover a wide range of innovation sectors, from tech and life sciences to healthcare and education—all with a mix of on-the-ground reporting, daily news stories, in-depth features and analysis, and events and conferences.
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View the Slideshow With the first quarter in the books, it’s time to step back and lay out Xconomy’s editorial map for the rest of the year. As readers know, we strive to cover a wide range of innovation sectors, from tech and life sciences to healthcare and education—all with a mix of on-the-ground reporting, daily news stories, in-depth features and analysis, and events and conferences.
Redlands-based Esri , the developer of geographical information systems (GIS) software and related products, has inked a collaborative agreement with Chinese Internet giant Alibaba Group , via Alibaba's cloud computing arm, Alibaba Cloud. According to the two, the deal will help customers who are seeking to implement Esri technology on Alibaba Cloud.
Amazon.com Inc. didn’t waste any time dropping the price of Ring Inc.’s video doorbell to $99.99 from the prior retail price of $149.99. The announcement came on April 12 at the same time Amazon and Ring officially closed the $1 billion acquisition.
Thursday, April 19, 2018 -- WITI: Advancement of Women in STEM. In an era when women are more and more prominent in fields such as business, law, and medicine - why are there so few women pursuing career in Information Technology, Engineering and Science? Our panelists for our upcoming event "Advancement in STEM" are phenomenal women who are making significant contributions to technical communities that improve and impact our society through education, entertainment, and engineering.
The sharing economy is moving into our bedroom closets. We already apply this idea to transportation (Uber vs. taxi) and vacation accommodations (Airbnb vs. hotel). Now, thanks to a growing number of e-commerce companies, the ability to share goods and services is being applied to our wardrobes through programs that offer clothing rentals for a monthly fee.
Los Angeles-based KEYPR , the venture-backed startup developing hospitality technology, says that it has added the former CEO of Sony Interactive Entertainment, Andrew House, to its Advisory Board. House worked on the Sony PlayStation 4 and the PlayStation Network. KEYPR is backed by Karlani Capital, plus a number of hospitality industry executives.
When oncologist Renato Martins finished his medical training, advanced lung cancer was almost certainly a quick death sentence. “I knew, by name, every patient who had survived two years,” he says. Thanks in large part to the arrival of cancer immunotherapy, things are much different today. While lung cancer remains by far the leading cause of cancer death, immunotherapy now offers patients with advanced disease—Stage 4 cancer that has spread to other parts of the body—at least the c
Los Angeles-based Soylent , the maker of the meal replacement drink of the same name, is now being being sold at Walmart , as the company extends its distribution efforts to the mainstream market. Soylent is venture backed by GV (formerly Google Ventures), Tao Capital Partners, Lerer Hippeau Ventures and Andreessen Horowitz. READ MORE>>.
[ Corrected, 4/1/18, 4:48 p.m. ET. See below. ] Billie, a direct-to-consumer seller of monthly shaving and body care products subscriptions, has raised $6 million in new funding. The New York-based startup, which launched in November, previously raised $2.5 million. This latest round of funding was led by Silverton Partners in Austin and included existing investors Female Founders Fund and Lakehouse Ventures.
The University of Southern California's Marshall Greif Incubator said on Wednesday that it is accepting application for its next class of startups, which must have at least one founder who is a student, alum, faculty or staff member of USC. According to the startup incubator, it has had more than 70 companies participate in its program over the last three years, with seven joining funded accelerators, another seven running successful crowdfunding campaigns, and another 30 which raised money, and
Hulu and Spotify announce bundle subscription; Facebook made $40 billion in ad revenue in 2017; Snap Inc. files FCC documents for next-generation sunglasses.
Saturday, April 14, 2018 -- Pitch Genius Workshops: Learn What Investors Want. The purpose of this workshop is to educate you about investors, fundraising, and how to make a successful pitch. We're going deep into the investors mind to really understand how they analyze startups for investment. Through a slide-by-slide explanation of an investor pitch deck, learn what turns investors on, what turns them off, and what investors absolutely abhor when founders are pitching them.
Venture capital investors poured more than $28.2 billion into U.S. companies during the first three months of 2018—marking the strongest single quarter in at least a dozen years, according to the Venture Monitor Report released today by Seattle-based PitchBook and the National Venture Capital Association (NVCA). The $28.2 billion that PitchBook counted in the first quarter was a third higher than the $21.3 billion that VCs deployed in the previous quarter and two-thirds more than the $16.9
Seed stage investments in Los Angeles area startups was up, year-to-year, according to the Q1 2018 LA Seed Deal Report from investor Amplify LA. According to the report from Amplify, 23 LA startups raised a total of $52.9M in seed funding in Q1, which was up 2.5 percent from Q1 of 2017. That said, the quarter-to-quarter results were down 21 percent from what had been an extremely robust Q4.
California Resources Corp. has acquired the remaining surface and mineral rights to California’s largest natural gas-producing oil field from Chevron Corp., the company announced Monday.
In 2015, a worker in the San Francisco Bay Area earning $100,000 a year would need to put their entire post-tax salary into renting a three-bedroom apartment. The popular tech destination is infamous for that extreme cost of living, which has worsened in recent years. Areas such as Oakland and San Francisco saw rent increases as high as 40 percent between 2015 and 2017.
Venture capital investors sank $547.2 million into 37 startup companies throughout San Diego County during the first three months of 2018, maintaining roughly the same level of venture funding seen in recent quarters, according to the Venture Monitor Report. The amount of capital invested in the San Diego area was up slightly from the $541.2 million invested during the final three months of 2017, according to Venture Monitor data.
Irvine-based CoreLogic , a provider of property information, analytics, and other related services, has acquired a la mode technologies, LLC , a developer of subscription-based software for appraisers. Financial details of the acquisition were not announced. a la mode is based in Oklahoma City, and was founded in 1985. CoreLogic said a la mode's software is used to aggregate data, imagery, and photographs for U.S. residential appraisals, and is currently used by more than 40,000 appraiser profes
Founder Q&A: A Conversation with Scot Chisholm Author: Kyle Stewart What does a successful startup in San Diego look like? As one of the more prominent examples of success in our community, one would be hard to miss Classy and its CEO, Scot Chisholm. Scot started his career as a consultant at Booz Allen […]. The post Startup Spotlight: Classy appeared first on Startup San Diego.
The countdown clock is running for Big Data Meets Big Biology , and time is almost up to grab a seat for Xconomy’s half-day forum that will convene technology and life science innovators and influencers. Register today and save with our Procrastinator’s Special while it lasts. This is an event you don’t want to miss, and it’s all happening on April 26 at the Illumina Theater at the Alexandria.
Carlsbad-based SleepScore Labs , a developer of a system for sleep improvement for consumers, announced that it has acquired Sleep.ai , a developer of a wearable that helps consumers figure out if they snore or grind their teeth when sleeping. Financial details of the buy were not announced. Sleep.ai was based in the Netherlands, and was foundedin 2014.
The alternative-transportation services segment occupied by new Santa Monica startup Bird suddenly heated up today, after car sharing service Uber said that it has acquired JUMP Bikes --the provider of a electric bike sharing service in San Francisco. Uber reportedly paid between $100M and $200M for JUMP Bikes, which offers up dockless, electric bicycles.
Los Angeles-based EVgo , which operates a network of public, electric vehicle (EV) fast charging stations, has inked a deal with General Motors and its Maven car sharing brand. According to EVgo, it will construct a nationwide, dedicated, DC fast charing network for Maven Gig Chevrolet Bolt EV drivers. The network is an extension of an ongoing pilot program that EVgo has with Maven in seven major US cities.
Santa Monica-based GNARBOX --the maker of the popular Gnarbox rugged backup device used for backing up digital camera photos and videos--has launched a new crowdfunding effort for its second generation device, the GNARBOX 2.0 SSD. The company said the new device includes Dropbox integration, new mobile apps for field backup, previews of RAW photos, among several other features.
Hawthorne-based SpaceX is not to blame for the reported failure of the super-secret "Zuma" government payload, according to a report today from the WSJ. According to the report--citing "people familiar with the details"--the second stage of the SpaceX rocket failed to separate from the Zuma payload, but that failure was a result of issues with a design by defense contractor Northrop Grumman Corp.
Capital Music Group (CMG), which is a division of Universal Music Group (UMG), announced on Tuesday that it is launching a new "innovation center", which will be based in the music company's iconic tower in Hollywood. According to CMG, the new Capital Innovation Center (CIC) will provide space and conduct event programming, focused on briding the gap between content creators and the tech community.
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