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PayPal Completes $4 Billion Acquisition Of Honey

socalTECH

San Jose-based PayPal Holdings said this morning that it has completed its $4 billion cash acquisition of Los Angeles-based Honey , the developer of a browser plug-in that helps consumers find the best coupons for purchases when they are shopping online.

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Visa Completes Verifi Acquisition

socalTECH

Payment giant Visa announced this morning that it has completed its acquisition of Los Angeles-based Verifi , which develops software and technology to reduce chargebacks for vendors who take credit cards. Financial details of the deal, which was first announced in July , have not been announced.

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Amazon’s Selz Acquisition is Encouraging News for Small Businesses

Tech.Co

Many have seen the acquisition as an attempt to fight back against Shopify's rampant growth during the coronavirus pandemic. The Amazon/Selz Acquisition. Selz helps small businesses create online stores, as well as letting them add payment options to existing websites. There's nothing particularly unique about what Selz does.

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LA Solar Developer PermaCity Acquired By Catalyze

socalTECH

and Yorktown Partners LLC, and develops, constructs, and operates renewable power and storage projects for the commercial and industrial market. Catalyze said the deal will help expand its project pipeline, with PermaCity's existing 400 megawatts of project commitments bringing its project pipeline to more than 2 gigawatts.

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With its Greenlots acquisition, Shell is moving from gas stations to charging stations

TechCrunch LA

In a bid to show that it’s getting ready for the electrification of American roads, Royal Dutch Shell is buying Greenlots , a Los Angeles-based developer of electric vehicle charging and energy management technologies.

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International Rectifier Acquisition By Infineon Complete

socalTECH

El Segundo-based International Rectifier > , the developer of power semiconductors, is now officially part of Infineon , Infineon said this morning. Infineon said the buy will help it with small and medium enterprise customers in the US and Asia, and also help expand its expertise in power semiconductors and Gallium Nitride circuits.

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Hiring Developers Before Product/Market Fit?

SoCal CTO

Hiring seems to be the preferred use of seed funds (by investors and founders), whereas I'd prefer a focus on customer acquisition. In the mean time, if you need some extra help, get some contractors to test out specific things. In other words, they come in asking for help with sourcing and hiring. Far from it.

CTO Hire 205