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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. The feature was developed to turn unused vehicle fleets into an on-demand solution to get essential workers to their destination. Here’s one.

Layoffs 136
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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. Survey Says: Go Your Own Way. Challenges for New Businesses.

Layoffs 142
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RealD Cuts Staff, Downsizes Facilities

socalTECH

Los Angeles-based 3D movie project technology developer RealD said this morning that it has cut its headcount, and will be downsizing its facilities, as part of a expense reduction move. According to RealD, the cuts include the elimination of certain sales and marketing and research and development expenditures.

Layoffs 147
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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. Divergent 3D made Blade — which was on the auto show circuit in 2016 — to demonstrate the technology platform.

Startup 251
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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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Rentech Chops 65, Shuts Alternative Energy R&D Unit

socalTECH

Los Angeles-based Rentech , a developer of clean energy and synthetic fuels technology, said this morning that it will eliminate 65 employees and contractors as its alternative energy segment, close its R&D unit in Commerce City, CO, and attempt to sell its facilities there along with land in Natchez, MS. READ MORE>>.

Commerce 133
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CyberDefender's Guseinov Steps Down, Firm Chops Staff

socalTECH

Los Angeles-based CyberDefender , the developer of Internet security software and remote technical support, said Tuesday that Chairman and CEO Gary Guseinov has resigned. Reason for the resignation was not disclosed, however, the firm said it has implemented a "strategic plan" to achieve profitability at the publicly held firm.