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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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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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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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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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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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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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Bio Roundup: Theranos Cuts, Alnylam Stops, Nobel Eats Its Own & More

Xconomy

military’s high-tech think tank DARPA described Safe Genes, a new program to fund safety measures that can be built into genome editing technology or counter its potential wayward effects. The funding could be as much as $100 million, and the first grants will be announced in 2017. Shares immediately fell more than 40 percent.