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Aero raises $65M for its semi-private airline

TechCrunch LA

The company, which uses private terminals at the airport it serves, will adjust its schedule based on customer demand (and the seasons) as it expands its fleet in the coming months. That’s significantly more than for a first-class seat on a domestic airline but also significantly more affordable than a private jet charter.

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Report: Demand Media Passed Up $1.2B Go Private Deal

socalTECH

Los Angeles-based Demand Media just passed up a deal to go private, according to a report over the weekend from the WSJ's AllThingsD, which says that the firm--headed by Richard Rosenblatt--ultimately decided to pass on the offer from private equity shop Thomas H. Lee Partners. Apparently, T.H. Lee offered up to $1.2

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Private tech companies mobilize to address shortages for medical supplies, masks and sanitizer

TechCrunch LA

While some of the largest privately held technology companies, like SpaceX and Tesla , have shifted to manufacturing ventilators, smaller companies are also trying to pitch in and relieve scarcity locally. After that, we’re going to meet the demands of Canada,” INKSmith CEO Jeremy Hedges told the Canadian news outlet Global News.

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An LA-led, public-private partnership pitches a $150B green infrastructure package to Congress

TechCrunch LA

Popular programs like Opportunity Zones, New Market Tax Credits and Community Development Finance Institutions could be used to boost the government’s commitment with private capital, the plan’s authors argue. Revenues for these companies have dropped precipitously as consumer-facing demand has fallen off a cliff.

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VolJet Launches Private Jet Marketplace

socalTECH

In the second, on-demand marketplace aimed at private jet travel to launch in the last few days, Los Angeles-based VolJet says it has launched a new marketplace, to help consumers book private jet travel. READ MORE>>.

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Demand Media Shifts Ad Strategy

socalTECH

Santa Monica-based Demand Media , the publisher of online content, said late Tuesday that it is changing its advertising strategy to exclusively focus on premium programmatic ads. Demand Media also did not say if those sales people would move to other efforts in the company or would be let go. Terms of that deal were not announced.

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EcoATM Gets New CEO After Private Equity Acquisition

socalTECH

Maquera as its CEO, after the completion of the company's acquisition by private equity investor Apollo Global Management. ecoATM had previously faced the ire of some of by Outerwall's investors , who had demanded Outerwall sell or shut down ecoATM due to results out of the division. San Diego-based ecoATM has appointed David D.

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