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Catasys Sees Surge In Telehealth Enrollment Due To Pandemic

socalTECH

The company says it historically sees approximately $6,500 net revenue per enrolled member. The company's software uses artificial intelligence (AI) to predict, identify, and treat mental issues among health plan members.

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Magnite Prices $350M Offering

socalTECH

Los Angeles-based Magnite, the sell-side advertising software developer which was previously known as Rubicon Project, says it has priced an offering of $350M in convertible senior notes. The notes are due in 2026. The company said the convertible note offering was made to qualified institutional buyers.

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

TechCrunch LA

All of the benefits of a cryptographically secured, publicly verified, anonymized transaction system can be erased by errant code, malicious actors, or poorly defined parameters of an executable agreement. Hoping to beat back the tide of bad contracts, bad code and bad actors, Sagewise , a new Los Angeles-based startup has raised $1.25

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Invoca's Offices Taken Over By 20,000 Honey Bees

socalTECH

Invoca--which sent its workers home in March to due to the COVID-19 pandemic--apparently discovered in January that bees had taken up residence in its offices, resulting in a major bee removal operation which netted the company nearly 10 pounds of honey when the bees were removed by a local honeybee relocation firm.

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We Want You!…To Succeed! TechZulu & Gadget Review Partner with Microsoft

Tech Zulu Event

So it brings not only TechZulu, but also Gadget Review great pleasure to announce a partnership with Microsoft. Qualified startups can receive up to $60K in Azure cloud credits, technical support, access to Microsoft software, and more. With support for Windows, Linux,NET, Node.js, PHP, Java, and much more. Is that you?

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7 Ethical Fictions Lead Many New Entrepreneurs Astray

Startup Professionals Musings

One 11-year study of over 200 companies over a decade ago, detailed in the book “ Corporate Culture and Performance ,” found that those working on their culture improved revenue by 516%, and increased net income by 755%. Unethical behavior in business is just due to a few ‘bad apples.’ Ethics can’t be managed.

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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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