socalTECH

APRIL 10, 2014

Los Angeles-based Zumbox , a startup which had been looking to store and deliver information which normally would be delivered via mail in a digital form, is shutting down its services, as of next Monday, April 14th. zumbox postal delivery mail shutdown employment jobs layoff' READ MORE>>.

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Zumbox Layoffs Los Angeles Invest 157

socalTECH

FEBRUARY 23, 2015

Los Angeles-based YouTube network Machinima revealed last week that it has raised $24M in a funding round from Warner Bros., along with Redpoint Ventures, MK Capital, Coffin Capital and Allen DeBevoise. investment employment jobs layoff warner capital venture machinima' READ MORE>>.

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Layoffs Redpoint Hollywood Report 100

TechCrunch LA

JUNE 18, 2022

Last week, we talked about layoffs and the Winklevoss rock gods. This week, we saw the interconnectedness of major institutions as crypto lending protocol Celsius stuttered and brought down Ethereum prices with it as investors feared a price collapse brought on by reportedly over-leveraged players like 3 Arrows Capital. crash redux.

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Newsletter Platform Capital Marketing 278

socalTECH

FEBRUARY 27, 2015

Los Angeles-based online fashion retailer Nasty Gal has raised $12.7M, as part of an ongoing venture funding targeted at $16M, according to a regulatory filing by the firm this week. Nasty Gal founder Sophia Amoruso recently stepped down as CEO , and the company had some major layoffs last September. READ MORE>>.

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Layoffs Venture Capital Los Angeles Funding 100

TechCrunch LA

APRIL 30, 2019

billion capital raise that the company believes it can close before the end of this year. Both companies will own 50 percent of the JV — The9 provided $600 million in capital to secure its share. The EV maker has had to sell its headquarters in Los Angeles for around $10 million to stay above water.

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Invest Layoffs Los Angeles Product 143

TechCrunch LA

OCTOBER 19, 2019

Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab. Heyward was an early star of the budding Los Angeles startup community with the launch of the anonymous messaging service, Whisper nearly 8 years ago.

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Social Network Los Angeles Social Media Blogging 153

socalTECH

OCTOBER 12, 2016

Los Angeles-based fashion website NastyGal is apparently in the midst of a "cram down" round--a round where the current shareholders in a company essentially reset the equity structure of a company that usually forces non-participating investors to lose most, if not all of their stake in the company.

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Report Layoffs Equity Los Angeles 100

socalTECH

JUNE 21, 2019

Why did you decide to move to venture capital? We had to do a reduction-in-force and layoff early in our career, and I thought we were done. I've been going through the startup journey, and just finished our Series D investment. That allowed me to take a step back, and relocate. Minnie Ingersoll: That's a good question.

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Southern California Startup Layoffs Venture Capital 133

socalTECH

JANUARY 30, 2009

For more on the economy, Janine Davis, a guest contributor and recruiter in Los Angeles, talks about The State of Technical Recruiting in Los Angeles in our Insights and Opinions section. Finally, Jeff Cohn, a venture capital consultant, tell us 10 Ways President Obama Can Help Create Jobs.

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Southern California Layoffs Mixergy News 100

TechCrunch LA

APRIL 24, 2020

Divergent, the Los Angeles-based startup aiming to revolutionize vehicle manufacturing, has cut about one-third of its staff amid the COVID-19 pandemic that has upended startups and major corporations alike. It was enough to get the attention of investors and at least two global OEMs as customers.

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Startup Technical Review Outsource Development Platform 251

socalTECH

OCTOBER 16, 2018

Virtual reality studio and content producer Jaunt --which has a virtual reality content development effort in Los Angeles--said on Monday that it is "winding down" a number of its virtual reality products and content services, and switching its focus to augmented reality. Jaunt is based in San Francisco. READ MORE>>.

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Content Blogging Los Angeles Media 113

socalTECH

DECEMBER 9, 2019

Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, and is now seeking a sale, according to CNBC. The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund. The company also is now seeking a buyer. READ MORE>>.

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Demand Sales Los Angeles Invest 100

socalTECH

DECEMBER 9, 2019

Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, according to CNBC. According to a memo leaked from Wag's new CEO, Garrett Smallwood, the company is also laying of a number of employees as it looks to have a capital base that is "right-sized to the needs of our business and strategy".

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Demand Los Angeles Sales Invest 100

socalTECH

MARCH 5, 2009

Los Angeles-based ManiaTV has shut its doors, after failing to find a buyer, according to the firm. We've transition from that early-stage startup, where a company uses investment capital--to being one very business minded, and thoughtful about how we spend our money--where we bring in more on a monthly basis than we spend.".

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Layoffs SoCalTech Content Web 100

socalTECH

FEBRUARY 17, 2017

He eventually founded and sold consumer health firm ViSalus to a public company and is now back making investments, in technology companies, as a venture capitalist here at Los Angeles-based HashtagOne (www.hashtagone.com). It was really the same business, but with less capital. That's my basic method to mayhem.

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Venture Capital Entrepreneur Technical Review Software Review 100

socalTECH

NOVEMBER 3, 2008

Los Angeles-based Spot Runner has laid off 115 employees, as part of a new strategic plan, a spokeperson for the firm confirmed Monday. According to Spot Runner, the 115 represents about 30 percent of the company. A spokeperson for the firm told socalTECH that the change was due to an "unprecedented change in the economic environment."

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SoCalTech Advertising Venture Capital Resource 113

Tech Zulu Event

JULY 6, 2013

We have great access to capital. I’m hoping the city of Los Angeles lets us stay here. To me it’s about conversation of capital, make sure you have the best people, and having problems solved with people that inspires and are dedicated to your vision. I had to close the doors of businesses and layoff people.

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Startup Pricing Entertainment Sales 79

Xconomy

JULY 15, 2016

Polaris Partners venture partner Amy Schulman is Lyndra’s CEO…San Francisco-based tissue analyzer 3Scan raised a $14 million Series B round from Lux Capital and Data Collective…and Magnolia Medical Technologies of Seattle, maker of a diagnostic tool for sepsis, rounded up nearly $14 million. —Enough good trial news.

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News Technical Review San Diego Startup 40

Tech Zulu Event

JULY 6, 2013

We have great access to capital. I’m hoping the city of Los Angeles lets us stay here. To me it’s about conservation of capital, making sure you have the best people, and having problems solved with people that inspired and are dedicated to your vision. I had to close the doors of businesses and layoff people.

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Startup Pricing Entertainment Education 61