socalTECH

JULY 6, 2021

which is now trading on the Nasdaq Global Select Market as EVGO, with warrants trading as EVGOW. EVgo had previously said it would receive $575M in net proceeds, which it will use to fund and accelerate its growth strategy and network build out. EVgo operates a network of public fast charging stations for electric vehicles.

.Net 133

.Net Acquisition Networking Los Angeles 133

socalTECH

JUNE 25, 2014

The sale netted the company $20M, which it will use to fund its U.S. Moviepilot , the online film review and publishing site led by Tobias Bauckhage, has sold off its German website, moviepilot.de , to French publisher Webedia. The move puts the company''s focused squarely on its Los Angeles operations.

Social Media 164

Social Media Marketing .Net Entertainment 164

Both Sides of the Table

SEPTEMBER 28, 2014

Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

Startup 383

Startup Company Companies .Net 383

TechCrunch LA

MARCH 27, 2021

That’s how much Los Angeles-based ServiceTitan , a startup founded just eight years ago is worth now, thanks to some massive tailwinds around homebuilding and energy efficiency that are serving to boost the company’s bottom line and netting it an unprecedented valuation for a vertical software company, according to bankers.

SaaS 292

SaaS Glendale Statistics Los Angeles 292

TechCrunch LA

OCTOBER 5, 2020

Today, one of the companies that is supplying produce and other items both to consumers and other services that are in turn selling food and groceries to them, is announcing a new round of funding as it gears up to take its next step, an IPO. Its opportunity comes in the form of disruption and a gap in the market.

Technical Review 343

Technical Review Startup Marketing San Diego 343

Both Sides of the Table

MARCH 1, 2016

At the Upfront Summit in early February, we had a chance to have many off-the-record conversations with Limited Partners (LPs) who fund Venture Capital (VC) funds about their views of the market. In fact, if you add the capital flows of the past ten years, there have been just shy of $50 billion in net cash outlays.

Venture Capital 150

Venture Capital Capital Marketing Seed Funding 150

socalTECH

OCTOBER 15, 2020

San Diego-based AlphaTrAI , a fintech startup which is backed by venture capital investor Analytics Ventures, says it is launching its own, extrenal fund, and is expanding its leadership team. the founder of Hightree Advisors, to its advisory board. the founder of Hightree Advisors, to its advisory board. READ MORE>>.

Artificial Inteligence 100

Artificial Inteligence Invest San Diego .Net 100

Tech.Co

MAY 9, 2024

Seeking funding is a right of passage for many small business owners. If you’re interested in pursuing this type of finance, we round up some government grants small businesses can apply for in May, including their specialisms, funding limits, and deadlines. You can unsubscribe at any time.

Outsource Development 192

Outsource Development Technical Review Research Writing 192

socalTECH

JUNE 4, 2019

La Jolla-based biopharmaceuticals startup Inhibrx has just filed for an IPO, saying in an S-1 filing that it is looking to raise up to $74.75M in an IPO on the Nasdaq Global Market. Inhibrx is backed by LAV Biosciences Fund and Viking Global Investors. Inhibrx has applied to trade as INBX.

.Net 124

.Net Research Report Funding 124

Both Sides of the Table

MAY 19, 2018

the most counter-intuitive fund-raising advice you’ll ever get I’m about to offer you some fund-raising advice that flies directly in the face of what most conventional wisdom will tell you. Let me start out with my premise: “Data rooms are where fund-raising processes go to die.” I mean, in a real fund-raising process?

Funding 336

Funding Venture Capital Startup Email 336

Both Sides of the Table

MAY 20, 2018

Every entrepreneur wants to hear “yes” during the fund-raising process but I would argue that being too risk averse and not pushing hard enough and be willing to hear a “no” is what holds back many people from “yes.” I believe people generally hate making decisions and especially so when they involve commitments and risks.

Funding 189

Funding Software Review Entrepreneur Venture Capital 189

socalTECH

NOVEMBER 5, 2018

San Diego-based ResMed , a developer of software for the healthcare market, has acquired MatrixCare , a developer of long-term post-acute care software. According to ResMed, it will pay $750M for MatrixCare, which it will fund primarily through a credit facility.

San Diego 113

San Diego .Net Software Funding 113

TechCrunch LA

DECEMBER 8, 2020

Today, a startup that is doing this in the specific area of distressed property is announcing a round of growth funding to ramp up its team and expand its business. The funding is being led by QED Investors; Founders Fund, Susa Ventures, Navitas Capital, and Prudence Holdings also participated.

Sales 282

Sales Demand San Diego Funding 282

socalTECH

JUNE 14, 2017

Pasadena-based Episona has raised $4M in seed funding, to go towards expansion of its male fertility testing product, Seed, the company said last week. According to Episona, the funding came from the Pasadena Angeles, as well as other high-net worth individuals from Pasadena and San Francisco.

Pasadena 133

Pasadena Pasadena Angels Seed Funding .Net 133

Both Sides of the Table

JUNE 19, 2017

That is, how much should your company be willing to lose in cash every month as you make investments in staff and equipment that funds technology, sales, marketing and management. The Basics The starting point — the 101 — is knowing the difference between gross burn and net burn. But here’s also a good rule of thumb for you.

Startup 212

Startup Venture Capital .Net Capital 212

socalTECH

DECEMBER 30, 2013

Santa Monica-based Manalto has raised $1M in a seed funding round, for the company''s social media content management software. According to Manalto, the funding came from Europlay Capital Adivsors, Raven Capital, as well as high net worth individuals from Australia. The company is led by Anthony Owen. READ MORE>>.

Social Media 196

Social Media Content Media Santa Monica 196

Berkonomics

MARCH 30, 2012

You have enough in savings to get started, but how and where do you go to find additional funding sources? When searching for funding, one of your primary tasks should be to start where it is easier, and proceed from there. Fees may seem high at first, but, on a total cost basis, these funding sources can appear more reasonable.

Funding 192

Funding Entrepreneur Startup Invest 192

TechCrunch LA

JANUARY 30, 2019

Nine years after launching its online magazine, and three years after diversifying into the subscription box business , FabFitFun has raised $80 million in a growth round of funding led by Kleiner Perkins with participation from its previous investors Upfront Ventures and NEA. .

Newsletter 212

Newsletter Los Angeles .Net Platform 212

TechCrunch LA

JULY 22, 2020

When big platforms have carved out large swaths of the delivery market, the best thing for an upstart company to do is to specialize. It’s a strategy that has now netted the company $33 million in financing led by the Silicon Valley-based investment firm Altos Ventures and New York’s Left Lane Capital.

Services 187

Services Los Angeles .Net Mobile 187

Startup Professionals Musings

DECEMBER 2, 2022

I expect that should seem intuitive to all entrepreneurs, but every investor I know has many stories about startup funding requests with major business model elements missing. The most common failures are solutions looking for a problem, lack of a defined market, or an inadequate revenue model. Target market. Sales/Marketing.

Sales 102

Sales Customer Custom Outsource 102

Startup Professionals Musings

OCTOBER 8, 2022

In reality, a simple Excel spreadsheet model customized around your assumptions can save you hours and avoid a wasted expense in validating alternative vendor and marketing decisions. What if you need to change your market size and volume projections? Yet they can be done by a simple financial model in a few milliseconds.

Startup 147

Startup Pricing Sample Customer 147

TechCrunch LA

JULY 24, 2019

Postmates’ cooler-inspired autonomous delivery robot, which will roll out commercially in Los Angeles later this year, will rely on lidar sensors from Ouster, a burgeoning two-year-old startup that recently raised $60 million in equity and debt funding.

Los Angeles 216

Los Angeles .Net Customer Custom 216

Startup Professionals Musings

MARCH 25, 2023

Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $1 trillion. It’s only been in the last decade or two, that social media companies, like Facebook and Twitter, have achieved market valuations in billions of dollars (unicorn status), while clearly sacrificing revenue to gain users.

Organization 94

Organization Invest Customer Custom 94

Startup Professionals Musings

JUNE 21, 2020

Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $1 trillion. It’s only been in the last decade or two, that social media companies, like Facebook and Twitter, have achieved market valuations in billions of dollars (unicorn status), while clearly sacrificing revenue to gain users.

Organization 173

Organization Invest Customer Custom 173

Startup Professionals Musings

NOVEMBER 8, 2021

Until the recession a decade ago, market research indicated that as many as 90 percent of the roughly 20 million American small business owners were motivated more by lifestyle than growth and money. Under all of these, net income flows easily into your personal income. Startup funding comes from personal savings and family.

Entrepreneur 148

Entrepreneur Startup Equity Course 148

Berkonomics

AUGUST 10, 2017

Since this number is budgeted and pre-authorized, managers tend to focus upon other things such as sales, marketing and product development issues. There is an art to efficient management of a process, whether that is the process of bringing a product to market from R&D to production or developing a new product’s launch program.

Venture Capital 243

Venture Capital Product Resource Marketing 243

socalTECH

MARCH 21, 2011

Irvine-based Broadcom said today that it has acquired Provigent , a developer of high performance mixed signal semiconductors for the microwave backhaul systems market. Broadcom said it will pay approximately $313M, net of cash assumed, to acquire Provigent. Provigent was based in Israel and Santa Clara. READ MORE>>.

.Net 140

.Net Venture Capital Acquisition Capital 140

socalTECH

AUGUST 8, 2010

Morgan Stanley, UBS Investment Bank, Allen & Company LLC, Jefferies & Company, Stifel Nicolaus Weisel, RBC Capital Markets, Pacific Crest Securities, Raine Securities, and JMP Securities. According to Demand's IPO filing, the firm had a net loss of $6.00M on revenues of $114.0M in the first six months of 2010.

Demand 184

Demand Media .Net Santa Monica 184

Both Sides of the Table

OCTOBER 7, 2014

My view: “Spending any time or energy trying to game the ‘definition’ of your round of fund raising is a total waste. There weren’t a lot of seed funds in 2007 so this was often done by angels, funding consortia or sometimes early-stage funds that existed then (First Round Capital, True Ventures, SoftTech VC, etc.).

Seed Funding 399

Seed Funding Venture Capital Startup Entrepreneur 399

Startup Professionals Musings

MAY 29, 2022

Thus, today around 90 percent of successful startups are still acquired by bigger companies versus an IPO, as the safer and preferred method of growth and funding. Violent market swings usually hit public companies first. Public stockholders are more easily swayed by emotion and the activities of the crowd, than real market conditions.

Startup 98

Startup Report IBM IBM 98

Both Sides of the Table

DECEMBER 27, 2011

To grow faster businesses need resources in today’s financial period to fund growth that may not come for 6 months to a year. You have to understand whether they’re likely to yield revenue growth in the near term OR whether you have access to cheap enough capital to fund your losses until your investments pay off.

Startup 418

Startup Venture Capital Sales Technical Review 418

Startup Professionals Musings

NOVEMBER 14, 2010

Bockerstette, Main Street Venture Fund As I outlined last week, trophy angel investors are always looking for trophy entrepreneurs. In many areas, not enough entrepreneurs meet the criteria, so it’s still a buyer’s market. It consists of eight major criteria, which we call the “Eight P’s for Successful Funding”. By Joseph A.

Funding 106

Funding Startup Entrepreneur Activity 106

socalTECH

MAY 20, 2010

per share, according to filings with the SEC this morning, netting the firm $54.1M. The firm, which will list on the Nasdaq Global Select Market as RLOC, said it sold 4,166,667 of its common shares in the offering. Woodland Hills-based ReachLocal priced its IPO last night at $13.00 The firm's IPO was underwritten by J.P. READ MORE>>.

ReachLocal 145

ReachLocal Woodland Hills Pricing .Net 145

Startup Professionals Musings

JANUARY 6, 2020

In reality, a simple Excel spreadsheet model customized around your assumptions can save you hours and avoid a wasted expense in validating alternative vendor and marketing decisions. What if you need to change your market size and volume projections? Yet they can be done by a simple financial model in a few milliseconds.

Startup 123

Startup Pricing Sample Customer 123

Startup Professionals Musings

SEPTEMBER 30, 2011

Two founders have spent $200K of personal and family funds over a one year period to start the company, get a prototype site up and running, and have already generated some “buzz” in the Internet community. Look at the size of the market, and the growth projections for your sector. If you have no better info, use 5x as the multiple.

Funding 98

Funding Startup Patents Outsource Development 98

Both Sides of the Table

JULY 16, 2010

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. What accelerated this was the collapse of the public stock markets.

Venture Capital 311

Venture Capital Startup Seed Funding Rustic Canyon 311

socalTECH

JULY 10, 2017

We talked with Tim about how they're now applying this to a new market. With each company that we've started, we've concentrated on a particular market. PointPredictive is focused on the automotive lending market. They were the first company to bring artificial intelligence and machine learning scoring to the commercial market.

Artificial Inteligence 124

Artificial Inteligence Software Review San Diego .Net 124