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Acorns To Go Public Via SPAC

socalTECH

Irvine-based savings and investing app developer Acorns said today that it will be going public, via a special purpose acquisition company (SPAC) merger with Pioneer Merger Corp., The transaction will give the company a fully diluted equity value of $2.2 and will trade under the symbol OAKS on the Nasdaq Capital Market.

Equity 113
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Ghost appears with new funding, marketplace to match buyers with unsold products

TechCrunch LA

Josh Kaplan and Dee Murthy, both founder and co-CEO of the Los Angeles–based company, started Ghost in 2021 after previously working together at Four Five Group, a men’s apparel business. Ghost is not alone in developing technology focused on inventory. to develop some sweet inventory-planning software.

Product 191
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Faraday Future Gets $225M In Bridge Loan

socalTECH

Los Angeles-based electric vehicle developer Faraday Future (FF) says it has received a new, $225M Senior Bridge Financing, from Birch Lake Fund Management, LP, ahead of a $1.25 billion equity capital raise it is running with Stifel Nicolaus & Co.

Equity 113
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6 New Venture Funding Realities To Guide Your Efforts

Startup Professionals Musings

Based on the best evidence I can find, the genesis of this trend and the advantages come from several evolutionary changes in the startup investment industry, and some innovations driven by the recession several years ago and the recent pandemic: Venture capital funds are regaining momentum. Marty Zwilling.

Guide 136
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How long can Zuckerberg afford to bankroll the AR/VR market?

TechCrunch LA

This writeup from industry analyst Karl Guttag showcases how Magic Leap has turned away from several of the key technologies it raised billions of dollars to develop with its latest hardware which he nevertheless believes will “blow away” the HoloLens 2 in image quality. “ Crypto investment starts 2022 with a roar.

Marketing 246
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7 Keys To Scaling Your Startup To Be The Next Unicorn

Startup Professionals Musings

In my experience, here are some of the key elements of that “second-stage” of entrepreneurship: Move from small investors to major venture capital. Of course, that means a mindset willing to give up much more equity, and taking on a whole new level of risk. Switch your focus from product development to sales.

Startup 151
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6 Key Rules To Stay Competitive In The Digital World

Startup Professionals Musings

Apple pulled ahead of other mobile phones in its early days largely because it cultivated an ecosystem of software developers who created iPhone apps to meet every consumer niche and need. Marty Zwilling First published on Inc.com on 05/20/2021. You need to be part of a larger ecosystem. These tolerate negative cash flows for growth.