Trending Articles

If you’re lucky enough: Celebrate your exit!

Berkonomics

How might you view your successful exit from the company you have spent so much effort to build?

The subsidiary follows acquisition of virtual stock trading startup

L.A. Business Journal

Beverly Hills-based LiveOne Inc., the owner of streaming services like Slacker Radio, LiveXLive and PodcastOne, is making a foray into the gaming business with a newly launched subsidiary called GamifyOne

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Clean Tech Startup Mote Unveils Plans for $100M Carbon Capture Plant

L.A. Business Journal

There’s a new local entrant in the global decarbonization race: Culver City-based cleantech startup Mote Inc

TuSimple Sends Fully Autonomous Semi 80 Miles, Without A Human On Board

socalTECH

San Diego-based autonomous driving company TuSimple reports that it has sent its first, fully autonomous semi--without even a safety driver in the truck--80 miles, going from Tucson, Arizona to Phoenix. According to TuSimple, its truck made its 80 mile run on December 22nd, traveling from a railyard in Tucson, navigating surface streets and a highway at night, and arrived at a high volume distribution center in Phoenix.

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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.

Seven Tech Startups To Watch Out For In 2022

Tech.Co

Well, another year has come and gone, and while we're yet to leave the pandemic behind, it has led to a record number of small businesses starting up. With all these businesses forming, it's possible that some future household names are finding their footing as we speak.

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6 Strategies For Luring Investors To Your New Venture

Startup Professionals Musings

Fundraising is brutal. Actually, according to Paul Graham of Y-Combinator fame, “Raising money is the second hardest part of starting a startup. The hardest part is making something people want.” More startups may fail for that reason, but a close second is the difficulty of raising money.

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More Trending

VC investors: Don’t be greedy even if you can.

Berkonomics

First, the marginal exit event: Sometimes the end game or sale of the company is not a happy event for the early investors, including the entrepreneur or the founders.

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AmazeVR Finds $15M For Virtual Reality Concerts

socalTECH

Los Angeles-based AmazeVR has raised $15M more in a new funding, from Partners Investment and Murex Partners, plus Smilegate Investment, Quantum Ventures Korea, ABC Partners, Everrich Group, GS Futures, We Ventures, Base Investment, Duname&Partners, Mirae Asset Venture Investment, Mirae Asset Capital, Partners Investment and Timewise Investment. The company offers up a way for artists to hold concerts in augmented reality. The company has now raised $30.8M in total.

Invest 155

My hard-earned lessons from negative exits.

Berkonomics

In my life as an early-stage investor, I’ve been closely involved with so many businesses, there were bound to be numerous stories of actual and near failures, hopefully from which to learn lessons for all of us as we go forward. The emotions we feel when “turning out the lights.”.

Curling Center Reflects Vernon’s Push to Grow Beyond Industrial Reputation

L.A. Business Journal

Peter Dohm’s list of top places to build an ice curling facility in 2019 did not include Vernon

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Solar Energy Company Heliogen Set for New Year’s Eve Debut on NYSE

L.A. Business Journal

As the clock was running out on 2021, L.A. County was poised to get another publicly traded company: Pasadena-based solar technology firm Heliogen Inc

7 Keys To An Engaging Framework For Social Media Mktg

Startup Professionals Musings

Most startups, and many big businesses, still don’t have a clue on how to use social media productively for marketing their business.

10 Benefits Of True Multi-Tasking As An Entrepreneur

Startup Professionals Musings

With the cost of entry at an all-time low, and the odds of success equally low, more and more entrepreneurs are starting multiple companies concurrently.

SPAC Deal Sets Up TeleSign for Major Growth

L.A. Business Journal

Most casual internet users probably haven’t heard of TeleSign Corp., but if they browse the web using their phones, there’s a good chance they interact with the company’s technology on a regular basis

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5 Keys To Establishing A Caring Culture In Your Team

Startup Professionals Musings

It’s easy to say to people on your team that they must be accountable for their actions, but it’s not so easy to tell them how to do it. It’s even harder to give them the mindset of wanting to be accountable.

6 Hiring Principles To Grow The Best New Venture Team

Startup Professionals Musings

Startup investors tell me they invest in a new venture with a higher caliber of people, rather than the product or service, and I agree. In my role as a business advisor, I see successful businesses most often emerging from great teams rather than great products.

7 Startup Partner Pairings That You Are Apt To Regret

Startup Professionals Musings

Most entrepreneurs who start a company alone soon come to the conclusion that two heads are better than one – someone to share the workload, the hard decisions, costs, and tasks you don’t like. In a moment of crisis, you may be tempted to take on the first person expressing interest as a co-founder.

8 Key Principles To Prepare For Invading A New Market

Startup Professionals Musings

Many of you don’t like to think of it this way, but penetrating a target market with your startup is a lot like a military invasion.

6 Ways To Make Your Solution Stand Out Above The Rest

Startup Professionals Musings

I’m often surprised when you as an aspiring entrepreneur, looking for investors, tell me your solution is so innovative that you don’t have to worry about differentiating it from competitors, and customers will flock to it without a real marketing campaign.

6 Signs That Your Startup Could Be The Next Exception

Startup Professionals Musings

I tell entrepreneurs that Google was an “exception” to all the investment and startup rules, but I’ve always wondered what it takes to be an exception. Since every business is built by unique individuals, I’m totally convinced that exceptional people are the key to an exceptional company.

IDrive Adds Linux Backup Support

socalTECH

Los Angeles-based cloud storage provider IDrive said this week that it has added cloud backup support for Linux machines on its IDrive 360 product. The company said the support allows IT admins to schedule and automate backups for all of their organizational Linux data into a single account through a unified web console. The product is aimed at businesses, and starts at $29.50 per year per computer. idrive linux backup cloud storage software data

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7 Keys To Positive Solutions For Business Conflicts

Startup Professionals Musings

Many entrepreneurs are not prepared for conflict, or actively avoid it. Their vision, passion, and focus are so strong that they can’t imagine someone disagreeing, much less fighting them to the death.

7 Lessons On How Startups Use Social Media To Succeed

Startup Professionals Musings

If you are a business owner today, and not using social media to promote your business, you are missing out on a huge opportunity. But, contrary to what most people preach, it isn’t entirely free.

Every Online User Platform Needs Revenue To Survive

Startup Professionals Musings

A question that I still hear debated often is whether a new online platform startup growth strategy should focus on user count or profits. First of all, the glory days of “dot.coms” are gone, when investors “didn’t care” about profitability, and all the big money was focused on user count growth.

Launch House Raising $10M For Startup Investments

socalTECH

Beverly Hills-based Launch House, which hosts month-long, live-in startup programs in Los Angeles and elsewhere, is looking to raised $10M in a new venture capital fund, according to a regulatory filing from the company. The filing said the company is raising $10M to invests in startups. The company started originally during the pandemic, when its founders rented a home in Mexico to work on startup projects and fight off social isolation.

RBB Bancorp Buys Gateway Bank for $23 Million

L.A. Business Journal

Westlake-based RBB Bancorp announced its entry into the San Francisco Bay Area Dec. 28 with the purchase of Gateway Bank F.S.B. in Oakland, a deal valued at approximately $22.9 million

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Dave Inc. to Make Nasdaq Debut in January

L.A. Business Journal

Dave Inc., a West Hollywood-based fintech and banking app company aimed at “leveling the financial playing field,” will go public on the Nasdaq under the tickers DAVE and DAVEW in early 2022

9 Routes To A Startup Success With Minimal Invention

Startup Professionals Musings

As an advisor to startups and entrepreneurs, I often hear the myth that all new businesses must start with a great idea. I have to disagree. I believe the best entrepreneurs start by finding a large opportunity, and only then use good ideas to capitalize on that opportunity.

8 Reasons To Forge Ahead Now With Your Next Startup

Startup Professionals Musings

According to most authoritative sources , the global economy has been severely impacted by the current pandemic.

Virgin Orbit Has Another Successful Launch

socalTECH

Mojave-based space launch provider Virgin Orbit successfully launched a new batch of satellites into space, using its unique rocket-launched-from-a-747 system. Virgin Orbit said it launched 7 customer satellites on its mission on Thursday, using its LauncherOne rocket. The launch was from off the Southern California coast, about 50 miles south of Channel Islands National Park.

March Capital Backs Gr4vy

socalTECH

Santa Monica-based March Capital is the lead investor in San Mateo-based Gr4vy, a developer of cloud-based payments orchestration software. According to Gr4y, it raised $15M in a Series A funding, which was led by March Capital, and also included Nyca Partners, Activant Capital and Plug and Play Ventures. March Capital's investment was led by Solomon Hailu. Gr4vy said it has raised a total of $27.2M so far. march capital gr4vy venture funding cloud saas payment fintech

ICEYE Launches Satellite Into Space

socalTECH

Irvine-based ICEYE, which develops synthetic aperture radar (SAR) satellites, says it has launched two new satellites into orbit. According to ICEYE, the satellites were launched on the the recent SpaceX Transporter-3 smallsat rideshare mission. ICEYE said the two satellites are its fifteeth and sixteeth satellites it has launched into orbit.

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CarParts.com Adds Board Member

socalTECH

Torrance-based e-commerce auto parts marketplace CarParts.com said on Wednesday that it has appointed Ana Dutra to its board of directors. Dutra is currently the CEO of Mandala Global Advisors, Inc., and also had been CEO of Korn/Ferry Consulting between 2007 until 2013. Dutra also has served on the boards of First Internet Bancorp, CME Group Inc., and Health, Harvest & Recreation. carparts board executive dutra mandala korn ferry

Zest AI Signs Up Credit Union

socalTECH

Los Angeles-based Zest AI, which develops artificial intelligence software for lending, said it has signed up a Florida credit union as a customer. The company said Addition Financial Credit Union has $2.6 billion in assets and 162,000 members across Florida. Financial details of the win were not announced. Zest AI is led by CEO Mike de Vere. zest artificial intelligence software florida fintech

Jaanuu Gets $75M

socalTECH

Los Angeles-based medical scrubs and clothing brand Jaanuu said this week that it has raised $75M in a private equity investment. The funding came from private equity firm Eurazeo. Jaanuu was founded by Shaan Sethi and Dr. Neela Sethi. According to the company, it has now raised $100M in total.

Masters Snags $2.7M For Virtual Coaching

socalTECH

Los Angeles-based Masters, a startup that lets users get coaching and training from famous athletes, has raised $2.7M in a seed funding round. The funding was led by Sweet Capital, and also included Mucker Capital, Goodwater Capital and Luxor Capital, in addition to angel investments from Shaun White, Bam Adebayo, Kai Lenny and A'ja Wilson, Anton Gauffin, Jakob Joenck, Henrik Kraft, Greg Tseng, Prerna Gupta, Hank Vigil, Janis Zech and Andreas Mihalovits.

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