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Layoffs Hot Keyword for Second Half of January 2009

SoCal CTO

Last month we Launched Los Angeles Tech and in the announcement we provide the Hot List for the first half of January 2009. But, in running it now for the second half of January, the keyword that popped to the top was: Layoffs And this is definitely a sign of the times. You can go to the Hot List post to see what was hot then.

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Machinima Cuts 10 Percent More

socalTECH

Los Angeles-based YouTube network Machinima announced Wednesday afternoon that it has laid off 10 percent of its employees, or 22 employees out of a current staff of 206, as part of a shift in its programming plans. The company said the layoffs come as part of an "increased commitment to premium programming". READ MORE>>.

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Syndio, With Co-Founder In LA, Snags $7.5M

socalTECH

in a Series A funding. The funding came from Voyager Capital and the Emerson Collective. Syndio's headquarters are in Seattle, but co-founder and Chief Data Scientist Zev Eigen is based in Los Angeles. The company's CEO is Maria Colacurcio.

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Nasty Gal Picks Up $12.7M

socalTECH

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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Ryan Blair, HashtagOne: From Gang Member, To Entrepreneur, To Anti-VC

socalTECH

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). Ryan Blair: The theme around the fund is pretty simple. I'm a bit of an anti-VC, as you know.

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Interview with Minnie Ingersoll, TenOneTen Ventures

socalTECH

Why did you decide to move to venture capital? 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. That allowed me to take a step back, and relocate. My job was hiring people.

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Manufacturing startup Divergent 3D reduces staff by one-third

TechCrunch LA

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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