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Polestar to open first US stores in the second half of 2020

TechCrunch LA

retail stores will open in Los Angeles, New York City and two locations in San Francisco later this year — the latest milestone for the automaker as it gets closer to bringing its all-electric vehicle to market. The stores are expected to open in the second half of 2020. Polestar’s first U.S. and Florida.

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Just raises $8M in its effort to beat Root at the car insurance game

TechCrunch LA

Los Angeles-based Just says it uses telematics “to reward safe drivers and reduce insurer bias” by looking at factors such as how, when and where customers drive, rather than factors such as ZIP code or marital status as most traditional insurers do. For its part, MetroMile charges customers a base rate plus a per mile rate.

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Tesla Model Y orders are now open

TechCrunch LA

Customers can already place an order for the Tesla Model Y, a mid-sized crossover SUV that won’t go into production until 2020. ” Under that timeline, deliveries wouldn’t begin until late 2020 or possibly early 2021. .” To get the 7-seater configuration, customers have to pay an additional $3,000.

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With an ARR topping $250 million, LA’s vertical SAAS superstar ServiceTitan is now worth $8.3 billion

TechCrunch LA

That’s how much Los Angeles-based ServiceTitan , a startup founded just eight years ago is worth now, thanks to some massive tailwinds around homebuilding and energy efficiency that are serving to boost the company’s bottom line and netting it an unprecedented valuation for a vertical software company, according to bankers.

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Maestro nets $15 million for its interactive commerce, community and engagement tools for livestreams

TechCrunch LA

Making money on livestreams has never been easier thanks to a suite of tools from the Los Angeles-based startup Maestro , which just nabbed $15 million in financing to grow its business. But what started in the gaming world quickly spun out as the company slashed prices to $500 per month for its services.

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

<== Our conclusion was that this isn’t a temporary blip that will swiftly trend-back up in a V-shaped recovery of valuations but rather represented a new normal on how the market will price these companies somewhat permanently. We’ll just wait until companies that last raised in 2019 or 2020 come to market.”

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2U Adds Another Degree Program At USC

socalTECH

Online education operator 2U , which has offices in Los Angeles, has added another degree program at the University of Southern California, the company said this week. The new degree programs include a Master of Planning program, expected to launch in January of 2019, and a Master of Public Policy, expected to launch in 2020.

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