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Fisker Automotive Burnt Through $1.4 Billion

socalTECH

billion dollars in private and public funds, according to Reuters. fisker automotive cleantech electric auto maker fiskerauto strategic merger acquisition layoff jobs employment bankruptcy' Anaheim-based Fisker Automotive , the troubled electric car maker, has now burnt through $1.4 READ MORE>>.

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BetterWorks Shutting Down On May 31st

socalTECH

Craig said that the shutdown came as a result of not being able to sustain a large enough market, relative ot the high cost of customer acquisition. BetterWorks had raised $10M in funding from Redpoint Ventures. BetterWorks--and Paige Craig--have been one of the companies driving the growth in Santa Monica's Silicon Beach.

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Sell when growth is high, even if cash flow is low.

Berkonomics

Dave’s note: Our guest author this week is John Huston, founder of the 300+ member Ohio TechAngel Funds and a past Chairman of both the Angel Capital Association and the Angel Resource Institute. . Until it is reached, survival still hinges on the kindness of outside funding sources. By John Huston.

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Report: NastyGal Facing Cram Down Round, Seeking Buyer

socalTECH

NastyGal--founded by Sophia Amorusa--had been facing some major headwinds over the last few years, which had resulted in Amorusa resigning as CEO and layoffs at the company. READ MORE>>.

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10 Strategies For Success Long-Term As Well As Today

Startup Professionals Musings

Distinguish growth opportunities from survival efforts, and make sure they are adequately funded, rewarded, and measured. You need to be constantly assessing mergers and acquisitions, as well as divestitures. Constantly scan the horizon for growth opportunities. Hone your process for due diligence and integrating these new elements.

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Interview with Greg Martin, LiquidStock

socalTECH

Our interview today is with Greg Martin , co-founder of LiquidStock (www.liquidstock.com), an investment fund which offers up a way for employees of private companies to exercise their stock options before an IPO or acquisition. Greg Martin: I raised a fund called LiquidStock, with three partners. Tell us what you're up to now?

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Bird Shuts Down Operations In Middle East

socalTECH

Bird acquired Circ in January as part of its expansion plans, raising $75M more in its Series D funding round for those efforts. According to those reports, as many as 10,000 of Circ's scooters have been sent for recycling, and around 100 employees laid off. READ MORE>>.