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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

But what IS the right amount of burn for a company? 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 Conversely if you’re burning $600,000 per month (yes, some companies do) then you only have 5 months of cash left. Gross Burn vs. Net Burn.

Startup 383
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ServiceNow Tops Job Creation List

socalTECH

San Diego-based enterprise software developer ServiceNow has been ranked the top job creator in a listing from Inc. Magazine, the company reported today. The company added 792 jobs during the three period. The company said it was number six among all companies in California, and number 14 in the overall top 100.

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9 Innovative Startups To Watch For in 2024

Tech.Co

Source: hibobbie.com The company also raised an impressive $70 million in funding in June to acquire the legacy pediatric nutrition brand Nature’s One, bringing its total kitty up to $142 million and helping to secure its competitive advantage in the industry going forward. Organic milk formula product Bobbie. Gumroad homepage.

Startup 213
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Cornerstone OnDemand Plans New Cloud Products

socalTECH

Santa Monica-based Cornerstone OnDemand , the developer of talent management software headed by Adam Miller, said today that it has launched a new set of products. The firm said that the cloud-based versions of the software will make it faster to deploy and easier to scale than on-premise systems.

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ServiceTitan is LA’s least likely contender to be the next billion-dollar startup

TechCrunch LA

The company is ServiceTitan, and its market… is air conditioners. Founded by Ara Mahdessian and Vahe Kuzoyan in 2012, ServiceTitan is very much an up-and-coming billion-dollar business that’s a family (minded) affair. These kinds of technologies, unlike AI, don’t automate away workers.

Glendale 271
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New York’s SeedInvest Raises $1 Million To Grow Crowdfunding Platform

Tech Zulu Event

The platform allows investors to do their due diligence on their own time, network with other investors and execute deals with little overhead.” ” Over 650 accredited investors and over 450 companies. Since, launching, three companies successfully achieved their fundraising goals on SeedInvest.

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What You Missed On Your Holiday Vacation, SoCal Technology Edition

socalTECH

Independa ($5M, San Diego, software for senior independence). LaunchpadLA Opens Up Spring Applications. Broadcom Powering New Mac Wireless. Surf Air Gets First Aircraft. In the latest roundup of fundings (big few weeks for San Diego, apparently): PatientSafe Solutions ($20M, San Diego, mobile health). How to find a startup mentor.