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Virgin Galactic Chairman Cuts Personal Stake

socalTECH

Palihapitiya has yet to comment on the sale. Virgin Galactic went public via a reverse merger, using a Special Purpose Acquisition Company (SPAC) in October of 2019, despite having yet to launch any tourists to space.

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

TechCrunch LA

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. general manager ( Stefano Benatti ) — filled more orders in the first two months of 2020 than all its sales for 2019, according to Cevolini.

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TCVN Execution Program #4: Scaling

SoCal Tech Calendar

Thursday, April 25, 2019 -- TCVN Event on Growth and Scaling. He brings a wealth of expertise with strengths in areas such as business strategy, operational management, program management, business development, sales and marketing, mergers and acquisitions (MandA) and integration. See [link] (more)

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Cubic Buys GRIDSMART For $87M

socalTECH

Cubic said GRIDMSART is expected to add $35M in sales and $8M in Adjusted EBITDA for the 2019 calendar year. GRIDSMART develops video detection technology, which uses image processing, computer vision modeling, and machine learning to track the movement of both people and traffic through street intersections. READ MORE>>.

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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. Seismic, a sales software company, raised $100M and became a unicorn. Nonetheless, I expect that in 2019 the VC market will shift toward demanding profit.

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Cubic Buys Trafficware For $235.7M

socalTECH

Trafficware will add approximately $50M in sales and $14M to $15M in adjusted EBITDA in Cubic's fiscal 2019 year, according to the company. According to Cubic, Trafficware will become part of its Cubic Transportation Systems (CTS) unit. READ MORE>>.

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7 Key Strategies To Ensure Long-Term Customer Growth

Startup Professionals Musings

Expand into key new sales and delivery channels. Today the Internet is the best example of a new sales and delivery channel that has transformed many businesses, and killed others. This were done in a complementary fashion to provide support and education, and not undermine sales. Standing still is actually falling behind.

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