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From a partnership with the Russian company 3D Bioprinting Solutions to make chicken meat replacements using plant material and lab cultured chicken cells to an expansion of its Beyond Fried Chicken pilots to Southern California, KFC is aggressively pushing forward with its experiments around the future of food. In Russia, that means providing 3D Bioprinting with breading and spices to see if the company’s chicken replacements can match the KFC taste, according to a statement from the comp
The idea of artificial intelligence may conjure up images of robots and mechanical automation, but for businesses, the technology’s applications are much more wide-ranging.
Catching up from past insights. Growing companies usually require more working capital during their periods of rapid growth. In past insights we have calculated the amount of additional capital needed for a business as it grows, and the additional capital required is often surprisingly large. In this insight, we need to speak of the sources of working capital and the implications to the future financial health of the choices made when selecting one financial resource.
Santa Monica-based MomentFeed , which develops software to help multi-location brands manage their reviews, location listings, and much more, says it has rolled out a new product. According to MomentFeed, its new Proximity Search Optimization Dashboard allows multi-location brands to easily monitor and manage how well their local marketing efforts are performing.
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.
It’s not hard to see why Russell Quinn calls 2017 the worst year of his life. That was the year he moved back to the United Kingdom to take care of his mother, and the year in which both his mother and grandmother died within a month of each other. Quinn recalled returning to Los Angeles afterwards and “trying to unpack all of this trauma that had happened.” During that time, he said he was “reading a lot about how other creative people dealt with grief” and realize
If you are one of the new age of entrepreneurs who hates the thought of doing a business plan as a first step in starting your new venture you will love this message. More and more professionals agree that a better strategy is to explore and fine tune your assumptions before declaring a specific plan with financial projections based only on your dream and passion.
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If you are one of the new age of entrepreneurs who hates the thought of doing a business plan as a first step in starting your new venture you will love this message. More and more professionals agree that a better strategy is to explore and fine tune your assumptions before declaring a specific plan with financial projections based only on your dream and passion.
Techstars LA , the startup accelerator run by Techstars in the Los Angeles area, announced its 2020 class on Monday, saying that it has selected 10 companies to participate this year in a "socially distanced" program. According to Anna Barber, the Managing Director of Techstars Los Angeles, the accelerator has selected "10 resilient companies that can grow in an economic downturn and thrive in a world where social distancing remains the reality".
Openpath , the developer of software-based security systems for office access, has raised $36 million in new financing as businesses try to find ways to make employees feel more comfortable about coming back to work. The round was led by Greycroft, which had been following the company’s progress for years, and included participation from strategic investors like Okta Ventures, the venture capital investment arm of Lincoln Property Companies, Allegion Ventures and Sentre, and included follo
Rocket Lab USA Inc., the Long Beach-based space systems company, has begun an investigation into a mission failure that occurred during a launch on July 4.
Many of the entrepreneurs like you that I have met in my role as a business advisor are really product creators versus business creators, convinced that a great product will generate a great business. Unfortunately, these two are rarely closely coupled, and navigating all the stages of building a business is typically the more challenging task. But I’m not one to rain on your parade.
Irvine-based Ingram Micro , a distributor of technology products, is getting close to awarding $1M to a business-to-business (B2B) software startup, saying it has named the finalists in its annual "Comet Competition". The company said it has selected Alsid (Paris, France), apoQlar (Hamburg, Germany) and Balbix (San Jose, California) as the global finalists for its competition, selected from over 4,000 applicants from over 20 countries.
The drug that Equillium licensed from India-based pharma giant Biocon has received authorization for emergency use in that country in patients hospitalized with COVID-19. The treatment, itolizumab, reduced mortality in a 30-person open-label randomized controlled trial in which the goal was to avoid or address a dangerous inflammatory response to the virus called cytokine release syndrome.
Sawtelle-based AppOnboard Inc., a provider of codeless app and game-building tools, has named Riot Games Inc. veteran Mike Seavers as its new chief executive.
Entrepreneurs looking for investor funding often fail to realize that all money comes with strings. For example, if you have watched the Shark Tank TV series, you probably noticed that the Sharks always ask the entrepreneurs for their intended “use of funds.” Those who respond with one of the wrong answers, such as “I want to pay myself a salary,” usually go home empty-handed.
Los Angeles-based Openpath , which is developing keyless door access systems--and which is headed by LA tech veterans James Segil and Alex Kazerani--said on Thursday that it has raised $36M in a new funding round. The new funding brings the company's raised to $63M. The new funding was led by Greycroft Partner. Segil and Kazerani are longtime veterans of the LA startup and technology industry, having previously founded Edgecast, which they sold to Verizon for approximately $400M.
Monday, July 20, 2020 -- How Equity Crowdfunding helps achieve Success. Join JJ Richa in a fireside chat with Bruce Virga to discuss how funding platforms connect everyday investors to growth-focused businesses, helping both parties to achieve success. We will further dive into what entrepreneurs need to know before embarking on a capital raise via equity crowdfunding and, conversely, best investment practices.
The idea of artificial intelligence may conjure up images of robots and mechanical automation, but for businesses, the technology’s applications are much more wide-ranging.
As a mentor to aspiring entrepreneurs, I’m always surprised by the fact that some never seem to be able to that first startup going, while many others never seem to stop, starting their second or third initiative before the first one is fully hatched. I’m now convinced that serious entrepreneurs relish the startup process more than success. They enjoy the journey more than the destination.
Irvine-based satellite developer Tyvak Nano-Satellite Systems and Lawrence Livermore National Laboratory announced a $2M deal this morning, where Tyvak will help develop a new telescope system for nanosatellites. According to the two, the $2M cooperative research and development agreement (CRADA) to develop innovative compact and robust telescopes for nanosatellites, combining LLNL's Monolithic Telescope (MonoTele) technology with Tyvak's expertise producing high-reliability spacecraft.
Friday, July 17, 2020 -- AltaSea, Milken Institute and Santa Monica College: Mobilizing an Ocean Economy Workforce in California. Join AltaSea at the Port of Los Angeles for the second of back-to-back webinars focused on the blue economy. Panelists include: Tim McOsker, CEO of AltaSea; Matt Horton, Director of Public Policy for the Milken Institute; Dr.
Three biotech companies collectively raised $584 million in their initial public offerings last week, continuing a streak of IPOs that has the healthcare sector playing a leading role in the robust level of market activity this summer. Of the three companies, the one with investigational therapies that haven’t yet begun being tested in humans raised the most.
The most valuable assets of a new startup are the people on the team, and the most challenging task of the entrepreneur and team leaders is to spend their leadership time and energy productively. Cash isn’t always the scarcest resource startups have to invest – more often it’s the leadership capital of under-experienced and over-stretched entrepreneurs and co-founders.
San Diego-based nonprofit startup and technology incubator operator EvoNexus announced this morning that it has launched a brand new, 5G startup incubator program, which is being sponsored by Qualcomm. According to the company, the new program will assist early-stage companies who are helping to build the wireless 5G ecosystem. EvoNexus and Qualcomm did not say how much Qualcomm will invest in the program, however, the two said that Qualcomm has been a longtime partner of EvoNexus, having direct
As the business world continues to grow and enterprises push for greater innovation, they will require strong, reliable, and high-capacity networks to stay competitive and support mission-critical services. Business ethernet allows companies to stay agile to meet current and future bandwidth needs as they grow. Organizations are increasingly embracing the cloud to store data and host their applications.
If it seems like biotech investments have defied the financial headwinds of the pandemic, maybe it’s because they have. In the second quarter, 16 of the top 25 largest early-stage venture capital deals were investments in life science companies. The figures come from the National Venture Capital Association and financial research firm Pitchbook. This week they released their quarterly analysis of dealmaking, which shows that the tally of big biotech transactions tops the second quarter of 2019 w
San Diego-based Qualcomm has just taken a $97M stake in Indian telecom provider Jio , via its Qualcomm Ventures venture arm, Qualcomm said on Sunday. Qualcomm said its investment gives it a 0.15% equity stake in Jio Platforms. Qualcomm said the investment will go towards the buildout of 5G infrastructure and services for Jio's customers in India. Jio has recently raised a total of $15.7 billion in funding.
NASA is planning the return trip for the first commercial crew flight on a SpaceX spacecraft to the International Space Station on August 2nd, according to CNBC. The Crew Dragon will return NASA astronauts Bob Behnken and Doug Hurley to earth, the first time astronauts will have traveled to and from the ISS on the Dragon. The launch of Behnken and Hurley into space on May 30th was the first launch of astronauts to space from U.S. soil since the retirement of the Space Shuttle in 2011.
Santa Monica-based Cornerstone OnDemand , which develops software and services used for employee development and training, says that its CFO, Brian Swartz, is leaving the company. According to Cornerstone OnDemand, Swartz is leaving on August 14th to "pursue another opportunity". The company said that, in the meantime, its Chief Accounting Officer, Trish Coughlin, will serve as interim CFO, as the company launches a search for a new CFO.
Los Angeles-based Jukin Media , the viral- and user-generated content company, has promoted Lee Essner to the post of Co-CEO, the company said late Thursday. Essner--who has been President and Chief Operating Officer at the company since 2013, will share the CEO post with Jukin Media founder Jonathan Skogmo. Jukin said that Essner helped the company grow from a 20-person startup to more than 200 people with offices in LA, New York, London, and New Delhi.
Venice-based Snapchat says it is expanding the outreach efforts it has been running as part of its Yellow Accelerator. Snapchat said it is expanding Yellow to introduce a new program to support Snapchat integration, in addition to its annual programs. As part of the expansion, Snap said that it has launched a new, remote 13-week program called Yellow Collabs , which is aimed at companies that want to work closely with the Snap Team to integrate with specific parts of the Snap Platform.
More Americans are spending time in their cars--not to drive, but for sanity--according to Santa Monica-based subscription vehicle service Fair. According to the company, it ran a survey which found that nearly 3 out of 4 people have been turning to their cars for mental health breaks during the COVID-19 pandemic. The company said it found that of those surveyed, 30% said they used their car to take a mini-break by driving around their neighborhood, with another 24% reported taking a long drive
Los Angeles-based Creator Connect announced this morning that it has launched a brand new service, which allows artists and designers to offer their services up to others. The new service said it lets users hire an artist to create your painting, sculpture, artifact or outfit of your dreams at your own budget. The new marketplace is available via both the company's website as well as an iOS app.
Los Angeles-based iList , a new startup in the residential real estate market, said on Wednesday that it has launched a new interactive service to help home sellers value, list, and market their homes. According to the company, its platform allows users to market their home on MLS and other channels, accept and review offers, complete paperwork and track milestones from an online dashboard.
Los Angeles-based PocketList , a new startup which is starting up a rental marketplace driven by feedback from current and past tenants, announced on Wednesday that it has raised $2.8M in a seed funding round, and officially launched. The company said the funding was led by Craft Ventures, the venture firm founded by David Sacks, and also included Abstract VC and Wonder Ventures, as well as other angels, including Zillow co-founder Spencer Rascoff.
Los Angeles-based Whistle , which develops tools to allow hotels to message their guests, says it has signed up Lark Hotels, a collection of boutique hotels in New England. Financial impact of the win were not announced. According to Whistle, guests at Lark Hotels can now use its messaging tools to manage their stay and order services. Lark has properties in Martha's Vineyard, Provincetown, and Kennebunkport.
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