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Manufacturing startup Divergent 3D reduces staff by one-third

TechCrunch LA

1 priority was to ensure long-term financial stability and secure the core team, technology development and customer programs no matter what the scenario, Czinger said, adding that there is still enormous uncertainty surrounding the real impact and duration of the COVID-19 pandemic. The company’s No. Image Credits: Czinger Vehicles.

Startup 251
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Aptera Delays Vehicle

socalTECH

The firm said it will complete its first vehicle in 2010, not by the end of the year. In the statement, Aptera said it will begin volume production when it receives private funding or if it can secure financing through the Department of Energy's Advanced Technology Vehicle loan program. Aptera is venture backed by Google and Idealab.

Layoffs 145
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Angel Investing: Skill 3 – Relationships with VCs

Both Sides of the Table

I know that in late 2010 it’s not as popular to say this because we’re in the era of “super angels&# and feel-good startups. Let’s call these cards 1996-99, 2005-08 and 2010+. If 2011 & 2012 look like 2010 then the current crop of angel investments will look great.

Invest 284
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Angel Investing: Skill 3 – Relationships with VCs

Both Sides of the Table

I know that in late 2010 it’s not as popular to say this because we’re in the era of “super angels&# and feel good startups. If 2011 & 2012 look like 2010 then the current crop of angel investors will look great. But VC is also a very important part of the technology ecosystem – like it or not.

Invest 152
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NextWave Wireless Gets $100M In Debt, Cuts Staff, Hires Banker

socalTECH

San Diego-based wireless broadband technology firm NextWave Wireless said today that it has scored a new, $100M debt financing for the firm's business, and made cuts in its staff, along with hiring an investment banker. The debt comes from Avenue Capital Management II, L.P.

San Diego 100
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Biotech Roundup: Hellos, Goodbyes, “Cures” Delays And Trial News

Xconomy

All eyes are on Holmes, who is scheduled to present data from the company’s technology at a medical conference on August 1. million Series A to develop a drug, licensed from Columbia University, for the brain cancer glioblastoma… Lyndra , a Cambridge startup working on oral drug delivery technology, has received $5.4

News 40