Silicon Beach 2021 Special Report
L.A. Business Journal
JUNE 28, 2021
After thriving during the pandemic, tech companies are poised for continued success. The Business Journal looks at where they go from here.
2021 Environmental Business Special Report
L.A. Business Journal
MARCH 1, 2021
Local private and public sector visionaries plan to answer the call for creating a broad and reliable EV infrastructure.
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Tetra Tech Reports Record Fiscal Year Earnings, Wins Part of $110M Contract
L.A. Business Journal
NOVEMBER 22, 2021
the largest engineering and infrastructure services firm in Los Angeles County now that AECOM has departed for Dallas — reported record fiscal 2021 earnings on Nov. Pasadena-based Tetra Tech Inc. —
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Faraday Future Delays Quarterly Filings After Short Seller Report
socalTECH
NOVEMBER 16, 2021
In an inauspicious start as a public company, Los Angeles-based electric vehicle developer Faraday Future says it is delaying its filing of its quarterly reports for the quarter ended September 30th, 2021, due to allegations of "inaccurate disclosures".
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Romeo Power Reports Win With PACCAR
socalTECH
APRIL 6, 2021
Los Angeles-based battery developer Romeo Power reports that it has scored a win with PACCAR, a manufacturer of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. The company said start of production is anticipated to begin after 2021. Financial details of the deal were not announced.
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Fire Reported At SpaceX Facility In Florida
socalTECH
JULY 8, 2019
SpaceX, which is based in the Los Angeles area, in Hawthorne, has said that it hopes to launch commercial missions on the Starship in 2021. A fire broke out this morning at a SpaceX facility in Florida, where SpaceX is working on its "Starship", reportedly causing around $650,000 in damage.
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Netflix employees stage a trans solidarity walkout, pose list of demands
TechCrunch LA
OCTOBER 21, 2021
When asked in an interview with the Hollywood Reporter , co-CEO Ted Sarandos didn’t say whether he would meet the group’s demands. I want to say that we are deeply committed to inclusion on screen and behind the camera and in our workplace,” Sarandos told the Hollywood Reporter. — Most (@Most) October 20, 2021.
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Crypto.com Cuts 20 Percent
socalTECH
JANUARY 13, 2023
Crypto.com bought the naming rights to what was the Staples Center, the home of the Lakers and the Sparks, back in 2021; the company agreed to pay $700M in that naming rights deal. reportedly impacted more than 2,000 people. Crypto.com blamed the collapse of FTX.
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Triller Eyes Public Markets Via Direct Listing
socalTECH
JUNE 15, 2021
The company is currently led by CEO Mahi de Silva, and reportedly is expecting revenues of more than $250M in 2021. Reuters, citing "people familiar with the matter" said Triller is looking to line up investors to raise $500M ahead of that direct listing, hoping to value to the company at more than $5 billion.
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113 Fisker Teases Design Of New Car, In Deal With Foxconn
socalTECH
MAY 14, 2021
Manufacturing is reported to be targeted at Q4 of 2023. Fisker #Love #EVs #ESG #freaking #innovation pic.twitter.com/TGjCCx8Utz— Henrik Fisker (@henrikfisker) May 13, 2021. Details on the new vehicle so far are light, but Fisker said that Foxconn is jointly investing in the vehicle, and will share the proceeds from sales.
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Borrego Selected For Utility Scale Solar In Montana, South Dakota
socalTECH
OCTOBER 28, 2021
San Diego-based renewable energy developer Borrego Solar Systems reported this morning that it has been selected for two, utility-scale solar power projects in Montana and South Dakota. The two projects are both slated for construction in Q4 of 2021, and are expected to be operational by December of 2022.
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Why 2020 Is Pivotal for Microbiome Drug R&D (Or Maybe 2021, Given COVID-19)
Xconomy
APRIL 22, 2020
Given the number of late-stage and mid-stage studies expected to report data in 2020—assuming they stay on track amid the COVID-19 pandemic—this could be a pivotal year for the field, said Isabelle de Cremoux, CEO and managing partner of Seventure Partners.
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138 AeroVironment Wins $5.9M Contract For Unmanned Aircraft
socalTECH
MARCH 12, 2021
Simi Valley-based unmanned aircraft systems developer Aerovironment reported a $5.9M The unmanned aircraft are expected to be delivered by April of 2021. contract win this week, saying it signed a deal to deliver its Puma 3 AE aircraft systems to a European allied nation. According to the company, the contact came in the form of a U.S.
Bird Looks To Go Public Via $2.3 Billion SPAC
socalTECH
MAY 13, 2021
The company reported $95M in revenues in 2020, versus $151M in 2019, when the pandemic. The presentation says that Bird is estimating it will have $188M in 2021, and $401M in 2022 revenues.
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Bird Sees Record Results, Adds New E-Bike
socalTECH
AUGUST 19, 2021
Los Angeles-based micromobility provider Bird said this morning that it has seen record second quarter and first half fiscal 2021 financial results, with $60.0M in revenues in Q2, which was 36 percent above its expectations. Bird said the Q2 results are a 43 percent increase versus the same period in 2019.
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Cue Gets $481M For COVID-19 Tests
socalTECH
OCTOBER 14, 2020
San Diego-based Cue Health , which is developing COVID-19 testing products, reported late last night that it has received a $481M award from the. Department of Defense (DOD), on behalf of the U.S. Department of Health and Human Services (HHS), to expand domestic production capacity for its point-of-care COVID-19 tests.
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Teledyne Wins $20M F-35 Contract
socalTECH
MARCH 19, 2019
Teledyne Advanced Electronics Solutions (AES), a business unit of Thousand Oaks-based Teledyne , reports this morning that it has won a $20M contract related to its support of the F-35 aircraft program.
Etsy Is Boosting Seller Transaction Fees By 30%
Tech.Co
FEBRUARY 25, 2022
Etsy revealed the change in emails to sellers as well as a report to investors yesterday. It'll help the company invest in marketing, Etsy CEO Josh Silverman says: “We have demonstrated our ability to make improvements that directly translate into more sales for our sellers, as evidenced by record sales per seller in 2021.
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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US
TechCrunch LA
JUNE 10, 2021
To put that into context; Affirm’s financial report in May projected it would process $8.04 billion in volume for the entire fiscal year of 2021 and Afterpay is projecting $16 billion in volume for its entire fiscal year. . March 2021 also represented a record month for global shopping volume with $6.9
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Honey Acquired By PayPal For $4 Billion
socalTECH
NOVEMBER 21, 2019
According to PayPal, following the acquisition, Honey will continue to be headquartered in Los Angeles, and retain its brand, with Ruan and Hudson continuing to lead the team, reporting to PayPal's global consumer product and technology organization. READ MORE>>.
CoreLogic: Mortgage Delinquency Rates Climbing
socalTECH
AUGUST 11, 2020
According to the company, its Loan Performance Insights Report--which covers up to May--saw early stage and adverse deliquincy rates increasing, with all 50 states logged year-over-year increases in overall delinquencies this May. serious delinquency rate to quadruple by the end of 2021, pushing 3 million homeowners into serious delinquency.
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Food Rocket blasts off after securing funding, grocery delivery deal with Circle K parent
TechCrunch LA
APRIL 26, 2022
We first met the Chicago-based company and its founder and CEO Vitaly Alexandrov last year when we reported that Food Rocket launched in the Bay Area , going up against the likes of Amazon Fresh, DoorDash, Instacart and Gopuff, which is no easy feat given each of the company’s footprint.
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How the Tech Giants are Adjusting to Working From Home
Tech.Co
JULY 29, 2020
Google has announced that its staff will work from home until at least July 2021. Google has announced that its staff will work from home until at least July 2021. . In the short-term, Facebook employees can work from home until 2021, though offices reopened on 6th July for those who needed to come in.
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Down bad
TechCrunch LA
JUNE 18, 2022
Few companies have to deal with the stressed of both crypto and public markets like Coinbase which laid off more than 1,100 people this week, but plenty of startups raised mega-rounds in 2021 to theoretically future-proof their companies. As Celsius accelerates the crypto sell-off, who pays the price?
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Nowadays puts its spin on plant-based nuggets
TechCrunch LA
APRIL 18, 2022
Investment into alternative proteins, for example, plant-based meats and dairy substitutes was $5 billion in 2021, according to both the Good Food Institute and Crunchbase data. This includes a $2 million pre-seed round from 2021. The round was led by Stray Dog Capital, with additional strategic support from Standard Meat Co.,
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What Is Claude AI and Anthropic? ChatGPT’s Rival Explained
Tech.Co
OCTOBER 27, 2023
It comes courtesy of Google and Amazon-backed startup Anthropic, which was only founded in 2021. It was founded in 2021 by Dario and Daniela Amodei, and now has more than 150 employees. However, another highly capable chatbot burst onto the scene earlier this year called Claude. Turbo has a context window of 4,097 tokens, while GPT-3.5-16K
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7 Keys To An Engaging Framework For Social Media Mktg
Startup Professionals Musings
JANUARY 9, 2022
Start by reviewing current statistics, like the recent Social Media Marketing Benchmark Report 2022 , to learn which social media sites are most popular, which features drive the most impact today, and how other social media marketers have maximized their efforts and seen the greatest ROI.
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TikTok Hopes Startups Can Breathe Life Into Its Shopping Struggles
Tech.Co
NOVEMBER 28, 2022
The paper also reports “around 200 new customer complaints” were being recorded daily during the summer, all related to users having shipping issues and long delivery delays. Should Tech Giants Stop Trying to Make Social Commerce Happen? By some metrics, certainly not.
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How long can Zuckerberg afford to bankroll the AR/VR market?
TechCrunch LA
FEBRUARY 6, 2022
The Facebook parent-company saw its stock price get bludgeoned after a bad earnings report showcased that Apple’s ad-blocking changes are shaving billions off its books and the company’s crown jewel — the Facebook platform — has stopped growing and actually shrank this quarter. Image Credits: Facebook. the big thing.
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Customer Trust Is An Opportunity With A Huge Payback
Startup Professionals Musings
MARCH 14, 2022
With the ITRC 2021 End-of-Year Data Breach Report revealing a 68 percent increase in stolen sensitive personal information, there is a growing population out there worried about all the people intent on hurting them. Internet users need to start watching out for themselves, like looking both ways before you cross the street.
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Buy Now, Pay Later Service Affirm Is Teaming Up With Stripe
Tech.Co
MAY 31, 2022
of US consumers reported having used this type of payment service, a percentage up from 37.65% in the summer of 2020. billion valuation in 2021. ” In addition, Sophie Sakellariadis, Payments Product Lead at Stripe, cited the need to keep up with changing consumer preferences in her statement discussing the deal.
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7 Keys To Scaling Your Startup To Be The Next Unicorn
Startup Professionals Musings
AUGUST 21, 2021
That requires work and risk to comply with reporting requirements of the SEC, including the additional accounting and reporting processes. Marty Zwilling First published on Inc.com on 08/04/2021. Then there is the pressure to go public ( IPO ), and open your investment to thousands, maybe millions, of small investors.
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8 New Business Keys To Success For Real Entrepreneurs
Startup Professionals Musings
SEPTEMBER 16, 2023
In my view, starting a new business has never been easier, and according to reports from the Kauffman Foundation , the numbers are here to show it. The rate of new entrepreneurs increased between 2013 and 2021, from 280 to 360 out of 100,000 of the adult population.
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104 EV subscription startup Canoo, co-founder sued for alleged harassment
TechCrunch LA
OCTOBER 8, 2019
The lawsuit, which was filed by Christina Krause, the company’s former head of communications and Stefan Krause’s wife, was first reported by The Verge. The first cars are slated to appear on the road by 2021. A Canoo spokesperson said the company doesn’t comment on pending litigation.
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New markets emerge for carbon accounting businesses as cities like LA push proposals
TechCrunch LA
MARCH 19, 2021
In Los Angeles, the city council tasked the Los Angeles Bureau of Sanitation and Chief Legislative Analyst to report back on the feasibility of developing or buying technology to provide a more accurate accounting of the city’s carbon footprint.
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Human Capital: Moving away from ‘master/slave’ terminology
TechCrunch LA
SEPTEMBER 25, 2020
Meanwhile, Twitter began taking steps to replace those terms earlier this year and hopes to finish replacing that terminology by the end of 2021, according to CNET. . Then, in 2018, programming language Python ditched the racist terminology. What’s wild is that these terms ever existed in the first place and are just now being addressed.
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Canoo takes the covers off of its debut electric vehicle
TechCrunch LA
SEPTEMBER 24, 2019
The first cars are slated to appear on the road by 2021, according to the company’s current leader, Ulrich Kranz. ” The plan for 2021 is to launch in Los Angeles and have another eight cities account for the company’s U.S. “We will roll out city-by-city,” he says. “After the launch in the U.S.
Backed by Will Smith and FabFitFun, OurPlace brings cookware and dinnerware direct to consumers
TechCrunch LA
NOVEMBER 1, 2019
By 2021, the cookware and dinnerware market is projected to be $12.7 billion, according to a study by Freedonia Focus Reports. By comparison, mattresses are about a $14 billion market in the U.S. And it’s a market that Amir Tehrani knows well.
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6 Keys To Finding The Right People For A Winning Team
Startup Professionals Musings
APRIL 9, 2021
Recent articles report that companies where everyone is focused on the big picture can increase their returns by up to 400 percent. Marty Zwilling First published on Inc.com on 03/26/2021. That level of impact is enough reason for you to spend the time up front, and along the way, to select the right people.
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8 Organizational Cultures Boost Output And Cut Costs
Startup Professionals Musings
AUGUST 29, 2022
I am happy to see reports that young companies are leading the way in these trends, on both the customer and the employee side. 58 million workers identified themselves as freelancers in 2021, up 5 million since 2014. Both are required to stay competitive. In the U.S., Freelancers now make up 36% of U.S.
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10 Ways To Build The Trust You Need To Lead A Company
Startup Professionals Musings
MAY 26, 2021
Report progress and proactively explain delays. Marty Zwilling First published on Inc.com on 05/11/2021. A paper trail is very important to assure trust in formal business dealings, partner arrangements, and all customer transactions. For internal measurements, the metrics should always be written and clear.
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5 Keys To Sustaining A Positive Attitude In Your Team
Startup Professionals Musings
SEPTEMBER 29, 2021
This means highlighting positive contributions to the whole team, as well as in performance reviews and bonus reports. Marty Zwilling First published on Inc.com on 09/14/2021. As a leader, publicly reward positive feedback. They may really want to change.
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5 Reasons To Enlist Outside Advisors For Your Startup
Startup Professionals Musings
FEBRUARY 8, 2021
An early Advisory Board is the best way to evaluate candidates for this formal Board, to be your boss, and accountable for business reporting. Marty Zwilling First published on Inc.com on 01/25/2021. Once your business is mature, and you are contemplating going public, you legally must establish a Board of Directors.
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6 Ways To Improve Your Odds Of New Business Success
Startup Professionals Musings
APRIL 28, 2021
You need advisors and a board of directors, but they require regular communication and reporting, a strategic plan, and discipline. Marty Zwilling First published on Inc.com on 04/15/2021. You need the funding and support, but venture capitalists can be very demanding, and set high targets.
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