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Maestro nets $15 million for its interactive commerce, community and engagement tools for livestreams

TechCrunch LA

As video commerce becomes the norm and entertainers, brands, businesses, and franchises of all sizes and stripes look to cut out the middle man, the array of services on offer from Maestro may be the scissors these entities need to cut the cord. The one thing that Maestro won’t do is discovery or search services, Evans said.

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With an ARR topping $250 million, LA’s vertical SAAS superstar ServiceTitan is now worth $8.3 billion

TechCrunch LA

Who knew building a vertical software as a service toolkit focused on home heating and cooling could be worth $8.3 Rowe Price, Dragoneer Investment Group, and ICONIQ Growth. The market for home services employs more than 5 million workers in the US and represents a trillion dollar global market. Based in Glendale, Calif.,

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Need money? Read this!

Berkonomics

Bootstrapping: This term describes your ability to start a business with little investment and grow it using internally generated funds. Better yet, the valuation of your enterprise is often higher than if the same investment were taken from a professional investor.

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Investors drop off $33 million for Chowbus, a delivery service for ‘mom and pop’ Asian restaurants

TechCrunch LA

It’s a strategy that has now netted the company $33 million in financing led by the Silicon Valley-based investment firm Altos Ventures and New York’s Left Lane Capital. Other companies are experimenting with specialization as a way to differentiate from the major delivery services that are on the market.

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Sagewise pitches a service to verify claims and arbitrate disputes over blockchain transactions

TechCrunch LA

million to bring to market a service that basically hits pause on the execution of a contract so it can be arbitrated in the event that something goes wrong. The company’s technology works as a middleware including an SDK and a contract notification and monitoring service. Thus, we are dispute process agnostic.”

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OpenX Launches New Service Around Content Optimization, Ad Monetization

socalTECH

Los Angeles-based digital advertising technology developer OpenX has launched a new service today, which it says will combine content optimization and ad monetization for publishers. OpenX is venture backed by Accel Partners, Index Ventures, SAP Ventures and Samsung Venture Investment Corporation. READ MORE>>.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

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