socalTECH

APRIL 10, 2014

Los Angeles-based Zumbox , a startup which had been looking to store and deliver information which normally would be delivered via mail in a digital form, is shutting down its services, as of next Monday, April 14th. zumbox postal delivery mail shutdown employment jobs layoff' READ MORE>>.

Zumbox 157

Zumbox Layoffs Los Angeles Invest 157

Both Sides of the Table

SEPTEMBER 14, 2010

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). But I prefer a certain naive optimism in founders but I can’t see that this extends to angel investors. Either scenario requires angel deals to be funded further. Not everybody agreed.

Invest 152

Invest Angel Venture Capital Startup 152

TechCrunch LA

JANUARY 26, 2022

“[W]e are shifting our technology strategy to leverage external partners for parts of our platform that we’re currently maintaining internally,” Weiss wrote in the email announcing the layoffs to staff. The tech team layoffs are notable for a beauty retailer that has often described itself as a technology company.

CTO Hire 197

CTO Hire Layoffs Commerce Email 197

TechCrunch LA

APRIL 6, 2020

As part of the program, up to 30-minute rides will be free for members of critical workforces through April 30 in Austin, Denver, Los Angeles, the Washington D.C. Spin, which began offering this on April 1, is making this available in Baltimore, Denver, Detroit, Los Angeles, Portland, San Francisco, Tampa and Washington, D.C.

Layoffs 136

Layoffs Startup Newsletter Santa Monica 136

socalTECH

MAY 7, 2009

Los Angeles-based 60Frames , an online entertainment studio developing professionally produced, online content, has reportedly shut down , according to The Hollywood Reporter. in funding in 2007, from Tudor Investment Corporation and the Pilot Group, and was apparently unable to raise a second round of financing. READ MORE>>.

Layoffs 113

Layoffs Hollywood Entertainment Incubator 113

socalTECH

MARCH 1, 2019

A new report says that there are now a total of 11 lawsuits filed against troubled Los Angeles-based electric car maker Faraday Future , as it struggles to restart its operations after massive layoffs after its main investor, Evergrande Health, pulled its support from the firm. READ MORE>>.

Report 113

Report Layoffs Los Angeles Funding 113

socalTECH

MAY 15, 2020

in a Series A funding. The funding came from Voyager Capital and the Emerson Collective. Syndio's headquarters are in Seattle, but co-founder and Chief Data Scientist Zev Eigen is based in Los Angeles. The company's CEO is Maria Colacurcio.

Layoffs 113

Layoffs Equity Los Angeles Software 113

socalTECH

FEBRUARY 23, 2015

Los Angeles-based YouTube network Machinima revealed last week that it has raised $24M in a funding round from Warner Bros., However, the company also made some big cuts in its staff on Friday, following the funding round. The company has now raised nearly $100M in funding over its lifetime. READ MORE>>.

Layoffs 100

Layoffs Redpoint Hollywood Report 100

socalTECH

FEBRUARY 27, 2015

Los Angeles-based online fashion retailer Nasty Gal has raised $12.7M, as part of an ongoing venture funding targeted at $16M, according to a regulatory filing by the firm this week. Source of the new funding was not announced. The new funding brings the company''s total raised to $61.7M. READ MORE>>.

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Layoffs Venture Capital Los Angeles Funding 100

socalTECH

OCTOBER 12, 2016

Los Angeles-based fashion website NastyGal is apparently in the midst of a "cram down" round--a round where the current shareholders in a company essentially reset the equity structure of a company that usually forces non-participating investors to lose most, if not all of their stake in the company. READ MORE>>.

Report 100

Report Layoffs Equity Los Angeles 100

Tech.Co

OCTOBER 31, 2022

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.

Layoffs 126

Layoffs Report Tool Software 126

TechCrunch LA

APRIL 30, 2019

Faraday was previously said to be in talks with EVAIO Blockchain over a possible $900 million in funding last November. The company has yet to enter mass production five years after its launch, mainly as a result of a series of financial issues that have ended in layoffs, unpaid wages, furloughs, property selloffs and much more.

Invest 143

Invest Layoffs Los Angeles Product 143

Berkonomics

SEPTEMBER 24, 2015

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.

Layoffs 120

Layoffs Sales Acquisition Startup 120

TechCrunch LA

APRIL 24, 2020

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. It was enough to get the attention of investors and at least two global OEMs as customers.

Startup 251

Startup Technical Review Outsource Development Platform 251

socalTECH

JUNE 21, 2019

We write checks from $500K to a million dollars, and we like to fund engineers turned entrepreneurs. We had to do a reduction-in-force and layoff early in our career, and I thought we were done. What's the hardest part of being a startup entrepreneur? Minnie Ingersoll: We do early stage investing. That's not any one thing.

Southern California 133

Southern California Startup Layoffs Venture Capital 133

socalTECH

NOVEMBER 25, 2008

High Tower was backed by Falcon Fund, Hallador Venture Fund, INROADS Capital Partners, J.F. Shea, Kinship Partners, Liberty Partners, Merrill Lynch Ventures, and the Tech Coast Angels. The firm had raised at least $24M in funding, and was founded in 1999.

Software 124

Software Tech Coast Angels SoCalTech Funding 124

socalTECH

DECEMBER 9, 2019

Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, and is now seeking a sale, according to CNBC. The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund.

Demand 100

Demand Sales Los Angeles Invest 100

socalTECH

DECEMBER 9, 2019

Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, according to CNBC. The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund.

Demand 100

Demand Los Angeles Sales Invest 100

socalTECH

FEBRUARY 17, 2017

He eventually founded and sold consumer health firm ViSalus to a public company and is now back making investments, in technology companies, as a venture capitalist here at Los Angeles-based HashtagOne (www.hashtagone.com). Ryan Blair: The theme around the fund is pretty simple. So where is the fund now?

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Venture Capital Entrepreneur Technical Review Software Review 100

TechCrunch LA

JUNE 18, 2022

Last week, we talked about layoffs and the Winklevoss rock gods. Molecule , a platform where DAOs can back medical research projects, secured $13 million in seed funding led by Northpond Ventures. Decentralized trading infrastructure startup Orderly Network raised $20 million in Series A funding from investors including ??Three

Newsletter 278

Newsletter Platform Capital Marketing 278

socalTECH

JULY 18, 2012

Seal Beach-based photovoltaic power firm Amonix has shut its Las Vegas factory, according to a report from the Los Angeles Review-Journal, some further bad news for the heavily backed solar panel manufacturer. The firm has had a series of layoffs since then. Amonix--which had raised $129.4M

Report 124

Report Layoffs Journal News 124

socalTECH

JANUARY 30, 2009

For more on the economy, Janine Davis, a guest contributor and recruiter in Los Angeles, talks about The State of Technical Recruiting in Los Angeles in our Insights and Opinions section. In other funding new, Slacker has apparently raised a bridge financing worth $5M--no comment yet from the firm's investors.

Southern California 100

Southern California Layoffs Mixergy News 100

Xconomy

JULY 15, 2016

” —Company funding news: Tesaro (NASDAQ: TSRO ) of Waltham, MA, said it took advantage of positive Phase 3 data to raise $409 million in a secondary stock sale…Protagonist Therapeutics, based in Milpitas, CA, has filed for a $75 million initial public offering. million in funding, according to a regulatory filing.

News 40

News Technical Review San Diego Startup 40