Trending Articles

Startups Weekly: Upfront Ventures bets on a bus service

TechCrunch LA

Hello and welcome back to Startups Weekly, a weekend newsletter that dives into the week’s noteworthy news pertaining to startups and venture capital. Before I jump into today’s topic, let’s catch up a bit. Last week, I profiled an e-commerce startup Part & Parcel.

Most of your big problems start as small problems.

Berkonomics

Let’s talk about surprises. And whether to warn your superiors or your boards about these unraveling events early. You have a dashboard or KPI’s, don’t you?

Fair Obtains $500 Million Credit Facility

L.A. Business Journal

Car leasing startup Fair secured a $500 million loan from Mizuho Bank in the company's third line of credit since July

10 Symptoms Of An Entrepreneur Who Is Nearly Broken

Startup Professionals Musings

If an entrepreneur doesn’t find themselves in over their head at least 20% of the time, they are probably not pushing the limits, not taking enough risk, and probably not working on an idea that’s worth doing.

CLU Launches Cybersecurity Program

socalTECH

California Lutheran University (CLU), in Thousand Oaks, says it has launched a new graduate program to help fill roles in the growing cybersecurity industry, providing a Masters of Science in Information Technology (MSIT). CLU--which announced the new program on Friday--said the program is aimed at helping filling the growing demand for filling cybersecurity teams.

Impossible Foods will debut in SoCal grocery stores on Friday as first step in phased national rollout

TechCrunch LA

Congratulations Southern California Gelsons store shoppers, you’re getting Impossible Foods on your grocery shelves. The meatless ground meat substitute will be appearing in stores across the Southern California as the first step in a phased nationwide rollout on Friday.

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PlayVS Raises $50 Million

L.A. Business Journal

Esports league organizer PlayVS announced Sept. 19 it raised a $50 million Series C to hire more staff and further its reach into amateur esports competitions

How Idea People Can Transform Into Visionary Leaders

Startup Professionals Musings

A popular approach for aspiring entrepreneurs these days seems to be to corner anyone who will listen, with a pitch on their current “million dollar idea.” The initial monologue usually ends with the question “How much money do you think this is worth?”

Ideas 108

Clutter Acquires The Storage Fox For $152M

socalTECH

Culver City-based Clutter , which operates a technology-enabled, self storage service which picks up, stores, and retrieves your excess stuff on demand, has acquired an operator of self storage services in the New York market, The Storage Fox. According to Clutter, it paid $152M for the portfolio of The Storage Fox, which has four properties in New York, in Long Island City, Brooklyn, White Plains and Yonkers.

With its third fund, Revolution Ventures stays true to its mission

TechCrunch LA

Most of the venture capital firms covered in TechCrunch and other tech publications compete for a spot on the cap table of the hottest Bay Area, New York or Los Angeles companies of the moment. Few seek out companies in Indianapolis, Milwaukee or Tampa.

Eying “Extra” DNA As Cancer Driver, Boundless Bio Debuts With $46M

Xconomy

In the nucleus of human cells sit our chromosomes, comprised mainly of tightly wound DNA.

Fair Obtains $500 Million Credit Facility

L.A. Business Journal

Car leasing startup Fair secured a $500 million loan from Mizuho Bank in the company's third line of credit since July

8 Change Triggers Every Entrepreneur Must Spot Early

Startup Professionals Musings

When the economy tanks as it did in the last recession, that’s a strong signal that things have to change, and it’s hard to miss. But most of us in business have to deal most of the time with weak signals, or change that is happening in a far more subtle way.

City of Los Angeles, Goren Holm To Invest In Blockchain Startup

socalTECH

The City of Los Angeles and investment firm Goren Holm Ventures --the new Blockchain investment firm of Alon Goren and Josef Holm--said they will be funding a blockchain pitch contest at the upcoming CIS blockchain conference.

AMAOC Marketing Tech Summit

SoCal Tech Calendar

Saturday, September 21, 2019 -- AMAOC Marketing Tech Summit. The AMAOC is hosting their 2nd annual Marketing Tech Summit at UCI. Keynote: MarTech in the Era of Customer Journey by Annette Franz Four tracks focused on marketing technology, customer journey and career advancement. See [link] (more

UCI 100

Amplyx Inks Novartis Deal for Another Compromised-Immune System Drug

Xconomy

Amplyx Pharmaceuticals, which is testing a new type of drug against life-threatening infections acquired by patients with compromised immune systems, has acquired the rights to another drug that could also be of use in treating those with limited ability to fight off sickness.

Hospitality Startup AvantStay Raises $20 Million

L.A. Business Journal

3L Capital led the Series A financing round, which AvantStay will use to advance its rental technologies and acquire more properties for clients to rent

Office Relationships Are Key, But Affairs Are Trouble

Startup Professionals Musings

We all have to communicate and collaborate with other people at work, but most of us start out instinctively trying to maintain an emotional distance from others in the work environment.

Procore Taps Investment Banker For IPO, Says Report

socalTECH

Goleta-based Procore , the develops of mobile-enabled, construction management software led by Tooey Courtemanche, appears to be headed for an IPO, and reportedly has hired Goldman Sachs to lead its IPO, according to a report. Bloomberg said, citing "people with knowledge of the matter", that Procore's initial public offering could value the company at more than $4 billion.

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10 Key Components Of Every New Venture Strategic Plan

Startup Professionals Musings

Deciding to be an entrepreneur is a lifestyle move, and should be part of a long-term strategic plan. You shouldn’t be making this decision just because you are mad at your boss, or you would like to be rich, or someone else thinks you have a good idea.

Kitchen United Raises $40 Million Series B

L.A. Business Journal

Pasadena-based Kitchen United, which operates remote kitchen facilities for restaurants, finalized a $40 million Series B raise Sept.

Hospitality Startup AvantStay Raises $20 Million

L.A. Business Journal

3L Capital led the Series A financing round, which AvantStay will use to advance its rental technologies and acquire more properties for clients to rent

DDN Acquires Enterprise Storage Unit From Western Digital

socalTECH

Chatsworth-based DDN IntelliFlash Enterprise Storage business unit from Western Digital , the company said on Thursday. Financial terms of the acquisition were not announced. According to the two, the acquisition is part of a larger, strategic partnership with Western Digital, which also includes a mutual global strategic sourcing agreement.

10 Tips On Managing An Overwhelming Business Workload

Startup Professionals Musings

One of the most common complaints I hear from entrepreneurs is that they are overwhelmed by the workload and stress of starting their company. Then there are the additional challenges of balancing the demands of family and friends. Having too much on your plate can turn your dream into a nightmare.

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Steereo Finds Funding For Ridesharing Music Discovery

socalTECH

Los Angeles-based Steereo , which pays ridesharing drivers to stream new music to their riders, has raised a round of funding, which came from Moonshots Capital, Halogen Ventures, Moving Capital, Quake Capital, AET Fund, Beresford Partners, Fall Creek Capital, and Hawke Ventures. Financial details of the funding were not announced. Steereo was co-founded by Anne Kavanaugh and Jennifer Cullen. Steereo's mobile music platform helps connect music fans with new music.

Citadel Defense Wins Contract From U.S. Air Force

socalTECH

San Diego-based Citadel Defense , which develops counter-drone technology for the military, government, and commercial market, reported today that it has scored a contract from the U.S. Air Force (USAF), where its technology will be used to detect and adaptively jam any drone swarms. Financial details of that contract were not announced. Citadel says its counter drone technology was "extensively validated" over 18 months by the The U.S. Department of Defense and Department of Homeland Security.

Rivian Gets Massive Order of EV Trucks From Amazon

socalTECH

Rivian , the electric truck maker which has offices in Irvine, has received an order for 100,000 electric delivery trucks from Amazon , according to Amazon CEO Jeff Bezos on Thursday. Rivian--which is based in Michigan, but has development offices in Irvine--develops electric powered pickups and other trucks. Rivian had raised $700M from Amazon earlier in the year.

Press 109

Rocket Lab Near Completion Of First U.S. Launch Facility

socalTECH

Huntington Beach-based Rocket Lab , the developer of small satellite launch rockets, is nearing completion of its very first launch facility in the United States, the company said this week. According to Rocket Lab, its facility--at Wallops Island, Virginia--is expected to host its very first launched in early 2020. The launch pad, at Launch Complex 2 at the NASA facility in Virginia, will allow the company to launch U.S. government payloads.

Design 109

Boundless Bio Gets $46M For Treating Aggressive Cancers

socalTECH

San Diego-based Boundless Bio , a startup that is developing treatments for aggressive cancers, has raised $46.4M in a Series A funding round. The funding was co-led by ARCH Venture Partners and City Hill Ventures, and also included Vertex Ventures, GT Healthcare Capital Partners, Boxer Capital of the Tavistock Group, Alexandria Venture Investments, and other undisclosed investors.

Interview with Zach Zalon, Super Hi-Fi

socalTECH

In an era, where every single streaming music service seems to be the same thingindistinguishable from each otherhow do they differentiate and create customer loyalty? Los Angeles-based Super Hi-Fi (www.superhifi.com) has created what co-founder and CEO Zach Zalon says is an artificial intelligence driven service which brings a sense of personalization and connection to those services, to help them retain and attract customers. We spoke with Zach about the company and its technology.