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Hyundai taps EV startup Canoo to develop electric vehicles

TechCrunch LA

Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies. Canoo said it will provide engineering services to develop the electric platform.

Startup 310
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ABL Space Systems Sets Demo Flight For Q2 2021

socalTECH

El Segundo-based ABL Space Systems, which is developing low cost launch vehicles and launch systems, says it has signed up customer for its first launch. The company says it is targeting its first demonstration flight of its RS1 rocket in Q2 of 2021. Financial details of the launch agreement were not announced.

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8 Keys To Developing Exciting Business Relationships

Startup Professionals Musings

Yet I find that many entrepreneurs struggle and fail with that transition from personally developing an innovative new idea, to building all the relationships necessary to transform their idea into a successful business. These relationships include investors, an operational team , and customers. Together, anything is possible.

Develop 136
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Classy: More Than $1.1 Billion Raised For Nonprofits

socalTECH

San Diego-based nonprofit fundraising software developer Classy says that more than $1.1 billion was raised by its nonprofit customers on its platform in 2021. The company--which helps nonprofits reach out to donors--said about $30.8 million of that was in recurring donations on its platform.

San Diego 189
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LA’s Replicated looks to increase R&D and hiring for its operations management software after raising $25 million

TechCrunch LA

Replicated began as a developer of software security and management services for Docker containerized development tools, but as the market shifted to Kubernetes, the company shifted to service those applications. As developers embrace Kubernetes, Replicated launches tools to manage its deployments.

Software 224
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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? But it will be patiently deployed, waiting for a cohort of founders who aren’t artificially clinging to 2021 valuation metrics. By 2021 we had to write a $3.5m

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Manufacturing startup Divergent 3D reduces staff by one-third

TechCrunch LA

The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department. It was enough to get the attention of investors and at least two global OEMs as customers. Divergent can’t name the customers because of non-disclosure agreements.

Startup 251