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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.

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Iteris Staves Off Delisting

socalTECH

Santa Ana-based traffic management technology developer Iteris has staved off delistings efforts by the NYSE, saying last week that the NYSE has accepted the company''s plans to regain compliance with listing standards on the exchange. The company apparently has been having issues completing its fiscal 2014 audit. READ MORE>>.

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TouchCommerce Plans Hiring, Growth In Agoura

socalTECH

Agoura Hills-based TouchCommerce , which helps provide brands with online software and services for helping better connect with their customers and potential customers, said today that it is planning growth and hiring at a new headquarters in Agoura Hills. The company did not say how many people it hopes to hire at the new location.

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ServiceNow Buys DxContinuum

socalTECH

ServiceNow , the developer of cloud-based, enterprise software for service management which has a big office San Diego, announced this morning that it has acquired DxContinuum , a developer of machine learning software. Financial details of the all-cash deal were not announced. READ MORE>>.

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Pledgeling's James Citron: Every Business Should Be A Social Enterprise

socalTECH

Citron previously founded and sold Mogreet, a developer of mobile marketing software, among other ventures. If you see all of the examples, like Salesforce, Warby Parker, the companies that do good outperform all of their peers. How did you decide to get into this as a company? What is Pledgeling? I'm thinking, this is crazy.

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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. Now following a $62 million round of funding led by Battery Ventures last month, the company is worth roughly $800 million, according to people with knowledge of the investment, and is on its way to becoming Los Angeles’ next billion-dollar business.

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Social Media Faking It – Cheaper Than You May Think, But Still Not Worth It

InfoChachkie

How much will social media fame cost you in 2014? He noted that, " Throughout the year I review my Twitter followers looking for bots, accounts that have been abandoned, or that are tweeting links with viruses and I remove them. For instance, Yelp calls out establishments which attempt to manipulate their reviews.