Thu.Feb 09, 2017

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Avoid the race to zero…

Berkonomics

When do you sell your company? Obviously we all want to sell at the top. And there is the problem. How do you know when you are at or near that right point to sell for maximum value? Those of us in the business of calculating (guessing) this mythical peak in value often make the same mistake as our entrepreneurs. We hang on just a little bit longer, expecting continued or accelerating growth and value as in previous periods of the same.

Pricing 210
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U.S Dept. of Commerce Grants $500,000 to Cal State L.A. For Bioscience Bootcamp.

L.A. Business Journal

The U.S. Department of Commerce granted nearly $500,000 to California State University, Los Angeles and its partners, the Biocom Institute and the Los Angeles Cleantech Incubator (LACI), to fund the creation of a bootcamp for bioscientists in the region.

Commerce 156
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Greycroft Partners Raises $250M In New Growth Fund

socalTECH

Greycroft Partners , one of the more active investors in Los Angeles technology startups, announced on Thursday that it has raised $250M in a new, growth equity fund. The fund, Greycroft Growth II , will be focused on expansion rounds for the company's existing, early stage venture funds, along with new investments not previously in its portfolio, according to the firm.

Funding 124
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Brogan BamBrogan Starts Second Hyperloop Company

L.A. Business Journal

Brogan BamBrogan is starting his second hyperloop company, named Arrivo, just months after leaving and settling a lawsuit against the company he founded, Hyperloop One.

Company 116
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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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LA Gets Its Third HyperLoop Company, Arrivo

socalTECH

Los Angeles now officially has its third startup working on developing technology to bring Elon Musk's concept of the "Hyperloop" to reality, in the form of Arrivo , led by former Hyperloop One CTO Brogan BamBrogan. Arrivo has apparently opened up an office just a few blocks from Hyperloop One. The new startup comes after BamBrogan was ousted from Hyperloop One, in a huge scandal involving back and forth between Hyperloop One's founders and BamBrogan.

Company 124
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Silicon Beach Report Feb. 9: Brogan BamBrogan Starts Second Hyperloop Company

L.A. Business Journal

Brogan BamBrogan starts second hyperloop company, Greycroft raises $250 million fund, Wiredrive merges with MediaSilo, and more.

Company 109

More Trending

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Xconomy is Growing: We Need Great Salespeople in SF, Texas, and NY

Xconomy

Since Xconomy’s founding nearly a decade ago, we have grown from a single bureau in Boston to having editors covering 11 innovation clusters around the United States. And over this time, we have cultivated a reputation for outstanding news coverage and events across high-tech business sectors—from information technology to life sciences and beyond.

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Warner Brothers' TT Games Buys Playdemic

socalTECH

TT Games , the European developer of the popular LEGO game titles--including LEGO Star Wars and LEGO Harry Potter, has acquired UK-based mobile game developer Playdemic. Financial terms of the buy were not announced. TT Games is part of Burbank-based Warner Bros. Interactive Entertainment. The companies said PLaydemic will work on creating new LEGO games designed for players on mobile.

Burbank 113
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San Francisco Appeals Court Upholds Stay on Trump’s Travel Ban—For Now

Xconomy

The Trump administration’s travel ban will remain on a temporary hold under an order issued today by a federal appeals court in San Francisco, which held that the government had failed to make its case for lifting a stay won through a court challenge by the state of Washington. That means that for the time being, current tech company employees won’t be barred from re-entering the country, even if they come from one of the seven nations targeted by the Trump order.

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Exactuals Gets $10M

socalTECH

Los Angeles-based Exactuals ha raised $10M in a Series A funding, for a new software-as-a-service to handle residuals, royalties, and other complex payments for the film, TV, music, and entertainment market. The funding was led by City National and TTV Capital, and also included Stanford-StartX Fund, S-Cubed Capital, Palo Alto Venture Partners, Skyview Fund, The Strand Partners, Temerity Capital, and angel investors Russell Siegelman, Mark Leslie, Steve Dow, and John Svoboda.

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SpaceX Sets Resupply Mission To ISS For February 18th

socalTECH

Hawthorne-based spacecraft developer SpaceX is aiming to launch its next payload into space--a resupply of the International Space Station (ISS)--on February 18th. According to NASA's latest launch schedule, the resupply to the ISS is now being aimed at 10:01 a.m. EST on February 18th, with 5,266 pounds of cargo being scheduled for delivery to the ISS.

SpaceX 113
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Ingenu Expands In Arizona

socalTECH

San Diego-based Ingenu , which operates a machine-to-machine, Internet-of-Things network, says it has opened up a new, 12,763 square foot office in Scottsdale, Arizona, which will provide general and administrative functions to the company. The company said that its San Diego headquarters will continue to support engineering, procurement, operations, global licensing and other business functions.

San Diego 100
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Spokeo CEO's Immigrant Experience Shaped Opposition To Immigration Ban

socalTECH

Harrison Tang, the CEO of Pasadena-based Spokeo , says his experience as an immigrant who arrived in the U.S. from Taiwan when we was 13, helped shaped the company's opposition to the recent Presidential immigration ban. Tang said that most of Spokeo's co-founders also came from immigrant families, and that what is special about American culture is it "embraces all of us with open arms".