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EcoFlow Hits $200M In Sales

socalTECH

Los Angeles-based EcoFlow, the developer of portable power stations, says it reached $200M in annual revenues in 2021, up 275% from the year before. The company is backed by Sequoia's China Fund, Hillhouse, and CICC, and received $100M in a Series B investment back in June of 2021.

Sales 113
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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. Hyundai Motor Group has committed to invest $87 billion over the next five years.

Startup 310
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Nothing negative about Positive Food’s meal expansion plan after $7M investment

TechCrunch LA

The company also has a proprietary “Monte Carlo Simulation” to plug in point-of-sale data to manage its inventory levels at stores and reduce food waste. He said the company has been growing in double-digits month over month, had zero churn and produced five times as much food this year versus the same time period in 2021. “We

Invest 175
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7 Keys To Scaling Your Startup To Be The Next Unicorn

Startup Professionals Musings

Startups usually think in terms of a million to 10 million dollar infusions, but aspiring unicorns usually need to seek financial investments of hundreds of millions, or even a billion dollars. Then there is the pressure to go public ( IPO ), and open your investment to thousands, maybe millions, of small investors.

Startup 151
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Ghost appears with new funding, marketplace to match buyers with unsold products

TechCrunch LA

It also handles the back end as well by automating the posting, sale and shipment of unsold inventory while offering immediate payment to creditworthy sellers. Ghost is not alone in developing technology focused on inventory. to develop some sweet inventory-planning software. Last week, Syrup Tech raised $6.3

Product 191
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7 Ways To Highlight Your Personal Value To Investors

Startup Professionals Musings

You need to work just as hard to convince investors that you are the best person to take your idea from a dream to a successful business, and provide an impressive return on their investment at the same time. Develop a personal story as a visionary and learner. Offer an attractive and viable investment equation.

Ideas 140
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6 Ways To Improve Your Odds Of New Business Success

Startup Professionals Musings

I recommend a trial run with an experiment or MVP (minimum viable product), at full price and cost, before the big bang launch, risking your investment money and a major time commitment. I once met with an entrepreneur who had developed a new algae strain to cure world hunger and make him rich.