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XPRIZE Launches Rapid Covid Testing Competition

socalTECH

Los Angeles-based XPRIZE , the organization which creates competitions to help encourage the advancement of technology to solve some of the world's biggest challenges, says it has launched a new prize, aimed at the rapid testing issue with COVID-19. READ MORE>>.

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NASA moves forward with 17 companies as part of bid to transform urban aerial transportation

TechCrunch LA

NASA and a clutch of startup and established companies are moving forward with plans to transform mobility in urban environments through the Urban Air Mobility Grand Challenge. The Grand Challenge series brings together companies developing new transportation or airspace management technologies, the Agency said. AirMap, Inc.,

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Why More Sales And Less Competition Is Not Sufficient

Startup Professionals Musings

Certainly that has been the strategy of many companies, and has worked in the past, but today’s customers and workers are looking for more. With the pervasive and instant communication of social media and the Internet, businesses can no longer hide behind the mask of their own hype, either inside the company or outside.

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8 Work Trends Driven By New Ventures And Competition

Startup Professionals Musings

The new era of highly connected and interactive technology is changing not only how business employees interact with customers, but also how they interact with each other, and with their company. I am happy to see reports that young companies are leading the way in these trends, on both the customer and the employee side.

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Upstart banking company Dave is now worth $1 billion, as Norwest puts in $50 million

TechCrunch LA

Two years after the Los Angeles-based fintech startup Dave launched with a suite of money management tools to save consumers from overdraft fees , the company is now worth $1 billion thanks to a nascent banking practice that had investors lining up. “We think the company is quite a bit more valuable than [$1 billion]. .

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XPRIZE Backs Forest Health Effort

socalTECH

Los Angeles-based XPRIZE , the nonprofit which runs competitions to encourage the development of new technology to solve some of the world's problems, has put its efforts behind forest health, saying it has put together an outline of potential breakthroughs required for healthier forest ecosystems. READ MORE>>.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

But what IS the right amount of burn for a company? Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Conversely if you’re burning $600,000 per month (yes, some companies do) then you only have 5 months of cash left. Gross Burn vs. Net Burn.

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