Trending Articles

What’s your personal-business end game?

Berkonomics

Remembering our original vision. When we start a business, we are optimistic that we will succeed and dream of riches to follow when the company is sold or even getting all the way to an IPO.

10 Strategies For Success Long-Term As Well As Today

Startup Professionals Musings

Every one of you has had to deal with the conflicting requirements of optimizing your business in the short term versus the long term. In the short term you need customers to find you at any price, and in the longer term you need revenue, profit, and return loyalty.

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AltaSea Signs Agreement to Work With Scripps, UCSD

L.A. Business Journal

AltaSea at the Port of Los Angeles, a nonprofit company focused on the ocean economy, announced Aug.

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5 Ways To Build Startup Resilience And Avoid Failure

Startup Professionals Musings

One of the characteristics that every good investor looks for in an aspiring entrepreneur is resilience , or the ability to learn from and bounce back after a failure.

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Cinedigm Powers Yoga Meditation Service

socalTECH

Los Angeles-based Cinedigm , a provider of premium content, streaming channels and technology services, is powering a new wellness video-on-demand application from Sanctuary Studios , the company said today. Financial details of the win were not announced. According to Sanctuary and Cinedigm, Sanctuary has released its new health and wellness video-on-demand application for VIZIO's SmartCast televisions, using Cinedigm's Matchpoint Blueprint service.

Valuation Trends and Insights with John Harbison, Chairman Emeritus of TCA

SoCal Tech Calendar

Monday, August 10, 2020 -- JoiValuation Trends and Insights with John Harbison, Chairman Emeritus of TCA. JJ Richa of Pismo Ventures in a fireside chat with John Harbison to discuss valuations and their trends. Valuation is a mysterious black box that ultimately determines whether there is sufficient demand among investors to get a company adequately funded.

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Biogen to Pay Denali $1B to Partner on Parkinson’s Drug & Other Neuro Meds

Xconomy

Denali Therapeutics has selected a brain-penetrating Parkinson’s disease drug candidate to advance to late-stage testing and Biogen is paying $1 billion to kick off a partnership on that compound, and potentially others.

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Stamps.com Sees Surge On ECommerce Growth

socalTECH

El Segundo-based online postage and shipping software developer Stamps.com reported its second quarter results on Thursday, saying it saw a 49 percent increase in its revenues for the quarter, to $206.7M, as a result of a surge in e-commerce activity. The publicly held company attributed the growth to the growth in e-commerce, which it said has been an "important lifeline" to many businesses and individuals during the COVID-19 pandemic.

4 Tips to Maximize Internet Bandwidth

Southern California Edison Blog

In the modern age, businesses rely heavily on networks to host and run their daily processes and applications, allowing employees to be productive and efficient. Not having enough bandwidth can limit what an organization is capable of and can limit overall productivity of the business.

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Bio Roundup: A Telehealth Combo, FDA’s BCMA OK, Biogen’s Bet & More

Xconomy

The novel coronavirus has driven the pharmaceutical industry to upend its research priorities. Big Pharma companies are focusing on vaccine development and a slew of biotechs are testing compounds, previously intended for a wide range of indications, as potential COVID-19 treatments.

Young Investors Drive Increased Use of Investing Apps

L.A. Business Journal

Amid the market volatility caused by the Covid-19 pandemic, fintech and investing apps are reporting a rise in user activity as amateur investors enter the market

7 Ways Every Entrepreneur Should Evaluate A New Idea

Startup Professionals Musings

As an advisor to entrepreneurs, one of the most common requests I get is for an evaluation of a next startup idea.

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T2 Tech Group Acquires Division Of Revint Solutions

socalTECH

Los Angeles-based IT consulting, advisory, and project management service provider T2 Tech Group says it has acquired the patient access and scheduling services division from Revint Solutions. Financial terms of the buy were not announced. T2 Tech Group said it will use the acquisition of the division to launch a new offering, T2 Flex Force, which will offer up virtual workforce technology to hospitals and healthcare systems.

7 Success Factors When Your People Are The Solution

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement.

Q CELLS Acquires Geli

socalTECH

Irvine-based solar cell and module manufactuer Q CELLS said this morning that it has is acquiring San Francisco-based energy storage software maker Growing Energy Labs, Inc. Geli). Financial terms of the acquisition were not announced. Q CELLS said the buy will help expand its offerings in the Integrated Energy Storage Solutions area.

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NantHealth Acquires Data Company OpenNMS

L.A. Business Journal

Billionaire Patrick Soon-Shiong’s NantHealth Inc., which uses data analysis and artificial intelligence technology to assist physicians and improve patient outcomes, is going even more high tech

Eyeglass Maker Fitz Frames Delivers Thanks to 3D Technology

L.A. Business Journal

Heidi Hertel found inspiration close to home when she decided to launch Fitz Frames Inc

Gemist Helps Consumers Create Customized Jewelry

L.A. Business Journal

Gemist Inc. wants to bring the bling direct to consumers

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Popl Provides New Ways to Trade Social Info

L.A. Business Journal

When in-person business events and social gatherings resume, Sawtelle-based Popl Co plans to be ready

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Eyeglass Maker Fitz Frames Delivers Thanks to 3D Technology

L.A. Business Journal

Heidi Hertel found inspiration close to home when she decided to launch Fitz Frames Inc

Tinder Taps Former CBS Exec Lanzone as CEO

L.A. Business Journal

Dating app owner Match Group Inc. has named Jim Lanzone, the former president and chief executive of CBS Interactive, as the new chief executive of West Hollywood-based Tinder, effective Aug.

7 Ways Getting In Bed With The Enemy Can Be Win-Win

Startup Professionals Musings

Entrepreneurs seem to have blinders on when looking at competitors. Generally they are so focused on killing competitors that they fail to see the positive potential of a strategic partnership or some other type of collaborative relationship.

Jobot Aims Job Recruiting At Mortgage Industry

socalTECH

Irvine-based Jobot , the AI-powered recruiting and staffing company led by Heidi Golledge, says it has expanded into the mortgage industry, saying it has been hiring for remote job openings for mortgage underwriters, loan processors and closers as well as management and loan officer positions. The company said it is using a blend of AI technology and people to match people to job openings.

Off Day Trainer Links With Mindbody

socalTECH

San Luis Obispo-based software company Off Day Trainer , which operates a remote training and communications software platform for fitness professionals to communicate with their clients, has linked with fellow San Luis Obispo-based Mindbody , the company announced this morning. According to Off Day Trainer, the partnership makes it the first beta integration partner on Mindbody's new Partner Store. Mindbody offers up booking and other tools for the fitness, wellness, and beauty industry.

Inseego CFO Steps Down

socalTECH

San Diego-based Inseego , which develops 5G and Internet-of-Things hardware, including the well known MiFi cellular wireless hotspot devices, said on Thursday morning that its CFO, Stephen Smith, has stepped down from his position. According to the company, Smith steps down to "pursue other interests." As as result of the resignation, the company said Craig Foster has been appointed Executive Vice President and CFO, effective August 17th.

Esri Offers Free Access To University, Other Students

socalTECH

Redland-based Esri announced on Thursday that it will provide free access to the company's popular geographical information systems (GIS) software to students 18 yaers and older, including access to both the platform itself as well as lessons. Esri said the Learn ArcGIS Student Program will provide one year of software and lessons to qualified students in any academic program--even if their institution offers no formal courses in GIS.

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Alorica Plans To Hire More Than 33,000

socalTECH

Irvine-based outsource customer support and experience services provider Alorica claims it plans to hire more than 33,000 people, saying it has added more than 20 new clients in the first half of the year. The company--which says it has shifted over 90% of its accounts and 70,000 of its employees to work-at-home--says those hires will be made globally. The company already has operations in 14 countries, employing 100,000 providing customer experience services to brands.

HONK Reports Increased Roadside Assistance Calls

socalTECH

Los Angeles-based HONK Technologies , which develops a roadside assistance and towing app, and is led by tech entrepreneur Corey Brundage, says it has saw a 54 percent increase in the number of roadside assistance calls in the first six months of 2020. The company said those numbers demonstrate the company's "grow and momentum" despite the pandemic. The company said it is using machine learning and automation to expand its operational efficiency.

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ServiceTitan Links With HVAC Giant Carrier

socalTECH

Los Angeles-based software developer ServiceTitan , which is led by Ara Mahdessian, has linked with heating, air conditioning, and refrigeration giant Carrier. According to ServiceTitan, it has been. been designated the preferred field service contractor software vendor for the Carrier and Bryant HVAC brands in the U.S.

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RealtyTrac Names EVP Of Marketing

socalTECH

Irvine-based ATTOM Data Solutions , the parent company to RealtyTrac , announced this morning that it has named Rick Sharga as Executive Vice President of Marketing at RealtyTrac. Sharga returns to RealtyTrac--where he had managed the company's brand for eight years in the early 2000's after stints at Carrington Mortgage Holdings, Auction.com, and Ten-X. He was most recently EVP For Carrington Mortgage Holdings and CMO of the company's Vylla business unit.

Giftz Gets Additional Funding From Draper Goren Holm

socalTECH

Los Angeles-based Giftz , a startup that offers up a mobile wallet and marketplace for points, miles, and gift cards, has received an investment from LA's Draper Goren Holm , the two said on Wednesday. Size of the investment was not announced. According to Draper Goren Holm, the follow on investment goes towards supporting both Giftz as well as its COVID-19 Humanitarian & Economic Recovery initiative. Draper Goren Holm is the venture studio run by Tim Draper, Alon Goren, and Josef Holm.

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Milken Insitute Shifts Conference Online

socalTECH

The Milken Institute Global Conference , one of Southern California's highest profile conferences of interest to the business and finance industry, says it is going fully virtual this year, with plans for a virtual conference running from October 12th through the 21st. The conference looks to be one of the highest profile events in the area which have decided to shift online, rather than entirely cancelling for the year.

Clearlake Boosts Investment In Diligent

socalTECH

Santa Monica-based private equity investor Clearlake Capital Group, L.P. , as well as funds from Blackstone Tactical Opportunities, have increased their investment in New York-based Diligent , a developer of portal software for corporate boards. Financial details of that investment were not announced. Diligent's biggest investor is Insight Partners. According to Diligent, it now has more than 19,000 clients.

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BidGarage Launches Classic Car Auction Site

socalTECH

Los Angeles-based BidGarage.com announced late Tuesday that it has launched a new, online classic car auctino site. According to the company, the new service connects people with low-mileage, high-value vehicles to global buyers, curating vehicles that appear on the marketplace. According to BidGarage, it offers up real time bidding, fully vetted vehicles, and a library of relevant content; the company offers up listings for free, and charges a 5% total commission split betwen buyer and seller.

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Transphorm Hits Public Markets Via OTC

socalTECH

Goleta-based gallium nitride (GaN) power semiconductor developer Transphorm announced this morning that it has launched into the public markets, via the Over-The-Counter (OTC) market. Transphorm said it received from FINRA for its common stock to be listed and quoted on the Over-the-Counter (OTC) market, and will trade on the OTCQB under the symbolt TGAN, as of market open today. The move is somewhat unusual for a technology startup here, where the OTC market is mostly eyed with suspicion.

Interview wth Deevee Kashi, HelpWih Black Equity and Deed

socalTECH

A few weeks ago, Help With Black Equity (www.helpwithblackequity.com) launched an effort to help connect volunteers with efforts to help with addressing racial disparities, including here in Southern California.

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7 Personal Strategies That Define Great Entrepreneurs

Startup Professionals Musings

As an angel investor in startups, I’m a believer that smart investors invest more in you as the entrepreneur than the next billion dollar solution you are pitching. Yet I find that most of you find it hard to make the case that you can be the next Elon Musk or Bill Gates.