Tech.Co

OCTOBER 31, 2022

A huge number of tech companies have made layoffs in 2022 , whilst others have taken advantage of video conferencing software and other remote collaboration tools to offer flexible working arrangements and retain the best talent. That’s even higher than “funding” (43%), “time” (41%), and “cash flow” (40%). Quick out the Blocks.

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Layoffs Report Tool Software 142

socalTECH

MARCH 1, 2019

A new report says that there are now a total of 11 lawsuits filed against troubled Los Angeles-based electric car maker Faraday Future , as it struggles to restart its operations after massive layoffs after its main investor, Evergrande Health, pulled its support from the firm. READ MORE>>.

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Report Layoffs Los Angeles Funding 113

Berkonomics

OCTOBER 18, 2018

If there is no closer connection to the corporation, when times are tough for any reason, it is these employees that make it tough for management to gain understanding and consent for actions that must be made such as missing payrolls, making layoffs, or abandoning pre-announced plans. Investor loyalty is most tenuous of all.

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Layoffs Class News Email 240

socalTECH

MARCH 7, 2014

Los Angeles-based online content developer Machinima said Thursday that it has laid off 42 people at the company, all from its sales force, as the company continues to struggle with low ad rates and the large chunk of revenues that are claimed by Google from multi-channel networks. READ MORE>>.

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Layoffs Google Hollywood Content 159

socalTECH

SEPTEMBER 18, 2013

The company said the layoffs come as part of an "increased commitment to premium programming". Machinima has apparently been looking for a big funding round in recent months. The layoff is not the first for Machinima, which also cut around 10 percent of its staff back in December. READ MORE>>.

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Layoffs Hollywood Venture Capital Content 133

socalTECH

DECEMBER 18, 2018

UK-based augmented reality technology developer Blippar , which had been backed by Qualcomm Ventures, has gone into administration in the UK--their equivalent of bankruptcy--after failing to obtain new funding for the company. READ MORE>>.

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Layoffs Content Funding Invest 133

socalTECH

JULY 6, 2017

Among a largely successful rush to establish a vibrant commercial aerospace industry in Southern California, it appears one company--Mojave-based XCOR Aerospace --has failed to launch. XCOR has apparently laid off all of its employees , due to the inability of the company to raise money.

Fandango 113

Fandango Layoffs Southern California Funding 113

socalTECH

APRIL 10, 2014

According to a message from the company-- first posted by Infotrends --the company said the "time and cost" required to deliver on its concept of "digital postal mail" is "more than the market is prepared to invest." 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., However, the company also made some big cuts in its staff on Friday, following the funding round. The company has now raised nearly $100M in funding over its lifetime. READ MORE>>.

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Layoffs Redpoint Hollywood Report 100

socalTECH

JUNE 17, 2013

billion dollars in private and public funds, according to Reuters. The amount of capital invested in Fisker makes the company the highest profile flameout ever in Southern California''s startup history, far surpassing the mere $375M in venture capital raised of of prior record holder Amp''d Mobile from back in 2007. READ MORE>>.

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Layoffs Southern California Venture Capital Acquisition 170

socalTECH

OCTOBER 4, 2012

Los Angeles-based ShoeDazzle has cut a significant amount of its staff, according to sources, saying that the company had "major layoffs" Thursday morning. ShoeDazzle's public relations firm could not comment on the report, and the company had yet to reply to requests forwarded to them at press time.

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Report Layoffs Commerce Press 185

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. Source of the new funding was not announced. The new funding brings the company''s total raised to $61.7M. READ MORE>>.

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Layoffs Venture Capital Los Angeles Funding 100

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. READ MORE>>.

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Report Layoffs Equity Los Angeles 100

socalTECH

APRIL 19, 2013

It all looked good at the time: oil company Exxon needed to develop a more earth-friendly way to produce oil, and San Diego startup Synthetic Genomics needed funding to get its technology off the ground. But then, ExxonMobil cut back its original investment--worth up to $600M--in Synthetic Genomics. What happened? READ MORE>>.

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Layoffs Outsource Development San Diego Mobile 159

TechCrunch LA

JUNE 18, 2022

Last week, we talked about layoffs and the Winklevoss rock gods. Few companies have to deal with the stressed of both crypto and public markets like Coinbase which laid off more than 1,100 people this week, but plenty of startups raised mega-rounds in 2021 to theoretically future-proof their companies. crash redux.

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Newsletter Platform Capital Marketing 278

socalTECH

MAY 23, 2012

The notices--which comes thank you to California's WARN laws--says that the Seal Beach company expects to lay off the 76 workers on June 30th. The company also had received a $90M Department of Energy loan guarantee. Amonix is heavily backed by Kleiner Perkins, Westly Group, and Angeleno Group, raising a huge, $129.4M round in 2010.

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Layoffs Technical Review Funding Technology 133

TechCrunch LA

APRIL 30, 2019

The company, famous for lavish promotions but little substance , has received yet another financial lifeline in the wake of a dispute with key investor Evergrande. billion capital raise that the company believes it can close before the end of this year. Faraday announced on Monday that it had received $225 million in bridge financing.

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Invest Layoffs Los Angeles Product 143

socalTECH

JUNE 21, 2019

Minnie Ingersoll: A few things, but most recently I started by own company, in 2013. We write checks from $500K to a million dollars, and we like to fund engineers turned entrepreneurs. We had to do a reduction-in-force and layoff early in our career, and I thought we were done. What were you doing before joining TenOneTen?

Southern California 133

Southern California Startup Layoffs Venture Capital 133

socalTECH

NOVEMBER 16, 2009

Steve Fambro and Chris Anthony, two of the founders of Carlsbad-based Aptera , have been ousted from the company, according to a report on Wired.com today. Aptera, which is building lightweight, composite electric and plug-in hybrid vehicles, is funded by Idealab and Google, among others.

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Idealab Layoffs Google Report 140

socalTECH

MAY 31, 2012

A major supplier to Anaheim-based Fisker Automotive looks to be in severe trouble, linked to issues uncovered in March by Fisker when one of that company's automobiles failed during testing with Consumer Reports. READ MORE>>.

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Layoffs .Net Report Funding 124

Berkonomics

SEPTEMBER 24, 2015

Dave’s note: Our guest author this week is John Huston, founder of the 300+ member Ohio TechAngel Funds and a past Chairman of both the Angel Capital Association and the Angel Resource Institute. . There are only two types of companies -those which have achieved positive cash flow and those which have not. By John Huston.

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Layoffs Sales Acquisition Startup 120

Both Sides of the Table

FEBRUARY 25, 2019

Here are some observations I have from this exposure: If a company moves from strength-to-strength with predictable outcomes, easy financings, low staff turn-over, limited competitive threats then the composition of the board probably doesn’t matter as much. In the best cases boards come together to help the company get through its trough?—?in

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Startup Venture Capital Layoffs Resource 269

socalTECH

MARCH 19, 2009

Cortex said it will "evaluate all options for raising cash" to fund the company, including licensing, partners, and other strategic options. Tags: employment layoff cortex pharmaceuticals psychiatric lifescience.

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Layoffs Research Capital Funding 100

Berkonomics

OCTOBER 7, 2011

If there is no closer connection to the corporation, when times are tough for any reason, it is these employees that make it tough for management to gain understanding and consent for actions that must be made such as missing payrolls, making layoffs, or abandoning pre-announced plans.

Layoffs 136

Layoffs Class News Email 136

Startup Professionals Musings

AUGUST 7, 2020

In a larger public company, it’s all about making your quarterly numbers, versus investing in strategic growth alternatives that may not pay off until several quarters later. Distinguish growth opportunities from survival efforts, and make sure they are adequately funded, rewarded, and measured.

Technical Review 124

Technical Review Layoffs Social Media Metrics 124

socalTECH

APRIL 13, 2020

Our interview today is with Greg Martin , co-founder of LiquidStock (www.liquidstock.com), an investment fund which offers up a way for employees of private companies to exercise their stock options before an IPO or acquisition. Greg Martin: I raised a fund called LiquidStock, with three partners. Tell us what you're up to now?

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Startup Paramount Invest Capital 113

TechCrunch LA

APRIL 24, 2020

The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department. The company’s No. “This was about making the company as totally weatherproof as possible,” Czinger said. The company’s No.

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Startup Technical Review Outsource Development Platform 251

socalTECH

JUNE 2, 2020

Santa Monica-based on-demand scooter company Bird has shut down its operations in the Middle East, according to reports, shutting down Circ, which it had acquired in January, and laid off all of its employees. Bird acquired Circ in January as part of its expansion plans, raising $75M more in its Series D funding round for those efforts.

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Santa Monica Demand Report Funding 113

socalTECH

DECEMBER 9, 2019

The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund. 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". READ MORE>>.

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Demand Los Angeles Sales Invest 100

socalTECH

DECEMBER 9, 2019

The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund. According to a memo leaked from Wag's new CEO, Garrett Smallwood, the company is also laying of a number of employees as it loks to have a capital base that is "right-sized to the needs of our business and strategy".

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Demand Sales Los Angeles Invest 100

Xconomy

OCTOBER 7, 2016

military’s high-tech think tank DARPA described Safe Genes, a new program to fund safety measures that can be built into genome editing technology or counter its potential wayward effects. The funding could be as much as $100 million, and the first grants will be announced in 2017. Shares immediately fell more than 40 percent.

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Technical Review Study Layoffs San Diego 77

socalTECH

MAY 23, 2012

According to an email from Craig, the company decided to close down the BettterWorks perk platform, and will not longer be active after next Thursday. BetterWorks--and Paige Craig--have been one of the companies driving the growth in Santa Monica's Silicon Beach. BetterWorks had raised $10M in funding from Redpoint Ventures.

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Santa Monica Redpoint Email Activity 275

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). After we sold it to that public company, I founded HashtagOne. What's the theme of your investments?

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Venture Capital Entrepreneur Technical Review Software Review 100

Both Sides of the Table

SEPTEMBER 15, 2010

I’d rather be Roger Ehrenberg with a thesis around data-centric companies and base my investment decisions on the skills I’ve developed in my career. Either downside scenario requires angel deals to be funded further. This is cheaper for them than waiting for big competitors and buying companies at big prices.

Invest 284

Invest Angel Venture Capital Startup 284

Startup Professionals Musings

AUGUST 1, 2013

The sad truth is that cash flow surprises kill many startups, even though they should have been adequately funded to survive. Cash is king when it comes to the financial management of a growing company, so this is not the place for shortcuts and sloppy practices. Unanticipated expenses and emergencies drain cash.

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Startup Sales Layoffs Slides 114

Both Sides of the Table

SEPTEMBER 14, 2010

I’d rather be Roger Ehrenberg with a thesis around data-centric companies and base my investment decisions on my background. Either scenario requires angel deals to be funded further. In the latter case many companies (Flickr, Delicious, Blogger, Writely, etc.) got picked up early without raising a lot of VC.

Invest 152

Invest Angel Venture Capital Startup 152

Xconomy

JULY 1, 2016

There was plenty more biomedical news this week, from a downsized IPO to downsizing companies, while ugly sexual harassment details emerged in Seattle. percent of the nation’s cancer cases… two Texas IT companies are building a database with the Medicare records of 1 million cancer patients and will open it to public analysis.

Buzzfeed 59

Buzzfeed News Pricing IBM 59