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Ross Lipson, the chief executive officer and co-founder of the on-demand marijuana and cannabis delivery service, Dutchie, had thought he was done with the online delivery business. Instead, he’s launched a new delivery service that has just raised $3 million from Casa Verde Capital , the $45 million venture firm founded by hip hop impresario Snoop Dogg, and Kevin Durant’s Durant Company — among others — to take advantage of the growing demand for marijuana delivery.
Wednesday, October 3, 2018 -- 2018 Hollywood Entertainment Technology Festival. The Hollywood Entertainment Technology Festival (HETF) is an exciting international event bridging the US and China, with expert speakers and panel discussions on trends in entertainment technology, cross-border opportunities, and investments. The festival promotes collaboration and innovation on a global scale, and serves as an ideal platform for visionaries, content creators, entrepreneurs, and investors currently
The Port of San Diego says it has been hit by a ransomware attack, which has disrupted the port's information technology systems--although it says that ships and boats are able to continue to access the port at the moment. According to the Port of San Diego, an unknown group is holding the port's IT systems hostage, requesting a payment in Bitcoin. The Port said it is working with the Federal Bureau of Investigation (FBI) and the Department of Homeland Security (DHS) on investigating the "seriou
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.
Almost anyone who has sold a company has a story to tell about their good deal, the problems with the buyer, a last-minute change of terms, or more. I have saved this next story until now because it is one of my favorites, and certainly illustrates the point about timing being a combination of luck and skill as well as anything I could devise from fiction.
The chief executive of Arensis Corp., a downtown provider of micro waste-to-energy systems, has formed a separate project financing company that will use blockchain and smart-meter technology to better target potential customers, Arensis announced Sept. 25.
The Los Angeles-based women’s subscription box and media business FabFitFun is expanding its video catalog with the launch of new live programming set to coincide with the launch of its latest seasonal box. FabFitFun is creating a new slate of live programming which will air every day on its Facebook page from 11 a.m. to 1 p.m. Pacific and is set to feature interactive product showcases, beauty demonstrations, DIY projects, and a game show.
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The Los Angeles-based women’s subscription box and media business FabFitFun is expanding its video catalog with the launch of new live programming set to coincide with the launch of its latest seasonal box. FabFitFun is creating a new slate of live programming which will air every day on its Facebook page from 11 a.m. to 1 p.m. Pacific and is set to feature interactive product showcases, beauty demonstrations, DIY projects, and a game show.
Pasadena-based artificial intelligence software developer ObEN has rolled out a new, singing and talking "AI personality" based on Chinese singing group SNH48 , the company said today. The company said it has created the "world's first celebrity personal AI" based on one of the members of the Chinese music group, Aijia. ObEN's AI personality sang a duet with her real-life counterpart at a conference in China this week.
A version of this article previously appeared in Forbes. “As much as possible, avoid hiring MBA’s. MBA programs don’t teach people how to create companies … our position is that we hire someone in spite of an MBA, not because of one.” – Elon Musk, Founder Tesla Motors and SpaceX. MBA’s are an easy target for entrepreneurs’ scorn.
Boston-based private equity firm Audax Group Inc. bought a controlling interest in Culver City-based identification verification software developer Acuant Inc. in a deal finalized Sept. 24.
“Digital therapeutics” startups are starting to win more respect—and investment dollars—from pharmaceutical giants. But the two sides are still figuring out how to work together to capitalize on the potential for apps, devices, and other software-enabled technologies to have an impact on patients’ health. That’s what stood out to me the most as I listened to leaders from some of the world’s largest life sciences companies—Novartis (NYSE: NVS ), San
Hawthorne, California-based SpaceX has just signed a deal to deliver two robot payloads to the moon for a small Japanese company, ispace , ispace said this morning. According to ispace, it has signed a contract with SpaceX for two flights to land two lunar orbiters on the moon. ispace is leveraging technology developed by one of the teams in the Lunar XPRIZE, run by Marina Del Rey-based XPRIZE Foundation, in what had been an attempt to win cash prize money offered by XPRIZE for landing a mission
As an angel investor and a mentor to aspiring entrepreneurs, I’m always disappointed to see founders who seem stressed out most of the time, and more annoyed than energized by the abundance of challenges they see in building their startup. The entrepreneurial lifestyle is a tough one under the best of circumstances, and it’s one you have to love in order to succeed.
Scopely Inc., the Culver City mobile game developer behind titles such as “Walking Dead: Road to Survival” and “WWE Champions” is expanding its corporate development and communications divisions.
Los Angeles-based venture investor Bonfire Ventures , the venture capital fund led by SoCal VC veterans Jim Andelman and Mark Mullen, has launched a fundraising effort for a new fund, Bonfire Ventures Select I , according to a regulatory filing from the firm this week. Details on the new fund have not been announced by the investment fund. The regulatory filing indicates the first sale in the fund has yet to occur.
XRC Labs, an accelerator program focused on e-commerce and retail startups, held a demo day for its latest class Thursday, featuring innovations in artificial intelligence, virtual reality, and other technologies. The group of 10 startups is the sixth class for New York-based XRC , which was founded three years ago to promote innovation in the disruptive age of Amazon.
Santa Monica-based on-demand scooter rental service Bird is planning a massive, international expansion, and has been hiring in dozens of cities overseas , according to the Financial Times. The paper says that Bird's hiring plans include dozens of cities across both Asia and Latin America, including such cities as Mumbai, Mexico City, Hong Kong, and elsewhere.
The window for life science IPOs is still open, and five biotechs and one medical device company chose the last week of the third quarter to make their stock market debuts. Gritstone Oncology (NASDAQ: GRTS ) closed out the week by raising $100 million in an upsized IPO. On Thursday night, Emeryville, CA-based Gritstone priced its offering of 6.6 million shares at $15 apiece.
Thursday, September 27, 2018 -- TechDay Los Angeles. TechDay, the largest startup event series in the United States, is returning to Los Angeles for the fourth annual TechDay LA. TechDay LA will showcase the latest products and services available from hundreds of the most exciting startups and scale ups in the market.
San Diego-based Netradyne , a developer of artificial intelligence and "deep learning" software used for vision recognition--particularly in autonomous vehicles--has raised $21M more in a funding round. The funding was led by M12, the venture fund run by Microsoft, as well as Reliance Industries and Point72 Ventures. According to Reliance Industries, which is based in India, it invested $8M in the round, and it now owns 37.4 percent of the startup; Reliance had invested $16M in Netradyne in 2016
One of the big differences between an entrepreneur and an employee of a big business is that employees tend to have a very narrow focus on their job, while entrepreneurs have to keep the broader focus on business. Both want personal satisfaction and financial success. In fact, U.S. entrepreneurs consistently claim to be happier , and have a higher net worth than employees.
The U.S. Securities and Exchange Commission has filed a lawsuit against technology mogul Elon Musk , over Musk's tweet that he was taking one of his companies, Tesla Motors , private, in a deal worth $420 per share. The lawsuit--filed in Manhattan on Thursday afternoon--alleges Musk gave a "series of false and misleading statements" to investors. The SEC lawsuit is seeking both civil penalties, as well as to bar Musk from being an doffice or director of a public company.
Today, there is a massive shortage of cybersecurity talent across the globe. According to a 2015 study from Frost & Sullivan and the (ISC)² Foundation, there could be more than 1.5 million unfilled cybersecurity positions globally by 2020. As cybersecurity attacks and data breaches, unfortunately, become a matter of not if but when , security talent is more important than ever.
Wednesday, September 26, 2018 -- Silicon Beach Networking Happy Hour at Wurstkuche in Venice. Wednesday, September 26th Starting at 6pm! Meet new people, make business connections and most importantly, let's have fun!
San Diego-based ACEA Biosciences , a developer of analytical instruments, systems, and software used in the biotech and pharmaceutical industries, along with academia, has been acquired by Agilent Technologies. Financial details of the acquisition were not announced. According to the companies, the acquisition will help Agilent expand its team and broaden its portfolio of technology.
In a corporate environment, the focus of a job interview has long been demonstrating your match to the skills and experience outlined in the job description. In my experience with startups, that is still necessary, but not sufficient. Today’s business world has become totally customer driven, so customer-centric and people abilities really make the difference between winners and losers.
Wednesday, September 26, 2018 -- OC ENTREPRENEURS: Join us for another LIVE MasterMinds Workshop. Bring your startup ideas and business questions so our friendly group of local Orange County entrepreneurs and business owners can help you move your business farther, faster. Free tickets available if you have a good startup business question for discussion, or you want to practice your startup pitch!
Santa Monica-based H Code , which provides digital advertising services around reaching the U.S. Hispanic market, says it has rolled out a new product it calls Tastemakers. According to H Code, the new product offers up a "fully integrated" digital marekting and media solution to connect brands and agencies with U.S. Hispanic consumers. The company said Tastemakers is a "multi-platform" offering which includes digital advertising, social media, and branded content, including content creation, pr
Culture Shifting Weekend —a November 1-3 invitation-only summit, presented by Culture Shift Labs (CSL)—will offer a rare opportunity for leading companies and investors to meet, vet, and fund the fast-growing ecosystem of Black venture capitalists and VC firms. Hosted at Infor in New York City, Culture Shift Lab’s annual three-day event will enable institutional investors, social impact investors, corporate VCs, and the broader investment community to directly engage with this burgeo
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