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The Station: Via hits $2.25B valuation, letters from readers, layoffs in a time of COVID-19

TechCrunch LA

I will repeat my appeal from last week: Maybe you’re a startup founder, a safety driver at an autonomous vehicle developer, a venture capitalist, engineer or gig economy worker. This week, we’ll highlight Via’s Series E funding round that was led by Exor. metro area, San Diego and Santa Monica. Here’s one.

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Syndio, With Co-Founder In LA, Snags $7.5M

socalTECH

Syndio , a developer of software being used by companies to help fix pay inequities in the workplace--and whose co-founder is based in LA--has raised $7.5M in a Series A funding. The funding came from Voyager Capital and the Emerson Collective. The company's CEO is Maria Colacurcio. READ MORE>>.

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Should Startups Announce Their Funding?

Both Sides of the Table

Understanding “The Funding Angle” I sit at enough board meetings to hear conflicting advice given to entrepreneurs about how to handle PR and announcements at startups. Is Funding a Worthy Announcement? There are reasons you may delay funding announcement but rarely reasons not to announce. But trust me on this.

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Machinima Lays Off 42

socalTECH

Los Angeles-based online content developer Machinima said Thursday that it has laid off 42 people at the company, all from its sales force, as the company continues to struggle with low ad rates and the large chunk of revenues that are claimed by Google from multi-channel networks. READ MORE>>.

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Almost 25% of Laid-off Tech Workers Start Their Own Businesses

Tech.Co

A huge number of tech companies have made layoffs in 2022 , whilst others have taken advantage of video conferencing software and other remote collaboration tools to offer flexible working arrangements and retain the best talent. That’s even higher than “funding” (43%), “time” (41%), and “cash flow” (40%). Survey Says: Go Your Own Way.

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Angel Investing: Skill 3 – Relationships with VCs

Both Sides of the Table

This is the third article in a series on what it takes to be a great angel investor (and why this should matter to entrepreneurs). I’d rather be Roger Ehrenberg with a thesis around data-centric companies and base my investment decisions on the skills I’ve developed in my career. Obviously I agree.

Invest 284
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Manufacturing startup Divergent 3D reduces staff by one-third

TechCrunch LA

Divergent, the Los Angeles-based startup aiming to revolutionize vehicle manufacturing, has cut about one-third of its staff amid the COVID-19 pandemic that has upended startups and major corporations alike. Founder and CEO Kevin Czinger didn’t provide specific numbers. . The company’s No.

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