Thu.Sep 24, 2015

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Sell when growth is high, even if cash flow is low.

Berkonomics

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. . By John Huston. There are only two types of companies -those which have achieved positive cash flow and those which have not. (Earnings before Interest, Taxes, Depreciation and Amortization, or EBITDA is the most commonly used definition of cash flow.).

Layoffs 199
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Earbits Acquired By You42, After Near Death Experience

socalTECH

Los Angeles-based Earbits , the streaming music service led by Joey Flores, which focuses on new artist discovery, has been acquired by Atlanta-based You42. Financial details of the acquisition were not disclosed. Earbits, which had been backed by Y Combinator, Charles River Ventures, and Matt Mullenweg, the founder of Wordpress, said that it is now planning to double its staff in the next year, after the last-minute save by You42.

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10 Lessons Startups Can Learn From Superheroes

Jason Nazar

What should the core values for our company be? Being a HUGE comic buff, I took this as the opportunity to frame our mission and values within the metaphor of an epic adventure. So here is the list of our core values, based on 10 Lessons Startups Can Learn From Superheros. (substitute “Superheros” for “Your StartUp Company”).

Startup 47
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Graphiq Teams With Associated Press On Data Visualization, Interactive Tools

socalTECH

Santa Barbara-based Graphiq , the startup led by former DoubleClick founder Kevin O'Connor, said Thursday that it has inked an agreement with the Associated Press , to increase the amount and variety of interactive content that the AP provides to news subscribers. Financial details of the deal were not disclosed. Graphiq said it will offer up its data visualizations to AP subscribers, and that the AP will also include Graphiq's content within top news stories.

Press 152
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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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Orexigen Gets $22M From Partners

socalTECH

San Diego-based biopharmaceuticals developer Orexigen Therapeutics , which is developing treatments for obesity, reported receiving a total of $22M from two different partners. Orexigen ssaid it hass received $15M from partner Takeda Pharmaceuticals , the first of three milestone payments to the company, and $7M from Kwang Dong Pharmaceutical Company Ltd.

San Diego 138
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Squeegy Officially Debuts On-Demand Car Wash Service In LA

socalTECH

Los Angeles-based Squeegy , an on-demand, car wash service, said Wednesday that it has officially launched its service in Los Angeles. The company--which launched a pilot program in Santa Monica in August--said it now is offering up its service in Beverly Hills, Beverlywood, Brentwood, Century City, Culver City, Mar Vista, Marina del Rey, Pacific Palisades, Palms, Playa Vista, Playa del Rey, Santa Monica, Venice, West LA, Westchester and Westwood.

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ValueMyStuff Links With Auctionata For High End Art Auctions

socalTECH

ValueMyStuff , the online art valuation startup which set up shop in Los Angeles earlier this year to help the company enter the U.S. market, said today that it has linked up with online auction house Auctionata. ValueMyStuff said it would allow its users to consign their artwork with Auctionata, on the basis of the company's valuations. Financial details of the deal were not disclosed.

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Cornerstone OnDemand Launches New Analytics Software

socalTECH

Santa Monica-based Cornerstone OnDemand , the developer of cloud-based software for talent and employee management, said it has launched a brand new product called Cornerstone Insights. Cornerstone OnDemand said the new product uses machine learning and Cornerstone's data set, to help companies better recruit, train, and manage people. Pricing on the new tool was not announced.