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LiveXLive Acquires E-Commerce Company For $6M

socalTECH

Los Angeles-based LiveXLive Media , which operates a livestreaming and on-demand audio, video, and podcasting service, says it has signed an agreement to acquire Custom Personalization Solutions, LLC , in a deal worth up to $6M. LiveXLive said that CPS had approximately $19M in revenue in 2019. READ MORE>>.

Commerce 113
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Energica CEO plots her Italian EV company’s reboot from lockdown

TechCrunch LA

There could be more demand for electric vehicles post COVID-19 crisis, believes Energica founder Livia Cevolini. From lockdown in her Northern Italy home, Cevolini shared perspective on the future of motorcycling, acquisition offers and plans to recharge her company when the COVID-19 crisis subsides.

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Gimlet Media and Anchor: What Spotify’s Acquisitions Mean for Podcasts

Tech.Co

It’s the biggest podcast industry acquisition ever, and Spotify isn’t done. Here’s what the podcast acquisitions mean for Spotify, for the entire podcast industry, and for all the tiny underdog podcasters out there. That’s because the acquisitions make Spotify a publisher, as well as platform.

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Bird launches Scoot Mopeds in Austin ahead of SXSW

TechCrunch LA

The Scoot Moped — an electric moped born out of Bird’s acquisition of Scoot — will launch in Austin five months after unveiling the shared micromobility vehicle. Bird first unveiled the Scoot Moped in October following its acquisition of Scoot. Initially the mopeds were piloted in Los Angeles, according to Bird. ”

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LA’s consumer goods rental service, Joymode, sells to the NYC retail investment firm, XRC Labs

TechCrunch LA

The relationship with XRC Labs’ Pano Anthos began after a small pilot integration between Joymode and Walmart launched in late 2019. “ If we had cracked user acquisition in LA we would have rolled it out in a bunch of places.” “All the accessories that made the event even better,” said Fernandez.

Invest 263
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Reflections on 2018: Rob Freelen, Silicon Valley Bank

socalTECH

If you measure success by exits, the Ring acquisition by Amazon and Cylance acquisition by Blackberry, each for $1 billion, were among the biggest stories of 2018. Nonetheless, I expect that in 2019 the VC market will shift toward demanding profit. Given SVBs market position, that is great news.

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Illumina Cuts Forecasts As Consumer Tests, Genomics Initiatives Lag

Xconomy

On Monday, Illumina (NASDAQ: ILMN ) informed the markets that it had overshot the mark with its 2019 estimates. The news reflects a slowdown in the demand for mail-in genetic testing kits and a lag in the rollout of some of the government-led population studies for which Illumina provides DNA sequencing tools.

Study 59