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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 while I prefer a certain naive optimism in founders I can’t see the logic that this extends to angel investors. Either downside scenario requires angel deals to be funded further.
The Huffington Post is abandoning its video effort, HuffPo Live , in Los Angeles, according to a report today, and is laying off around 20 staffers from its office here. The move apparently came as HuffingtonPOst is shifting its HuffPo Live focus to international markets. READ MORE>>.
A report today from PandoDaily said that Santa Monica-based BetterWorks has terminated all of its sales and marketing staff, and half of its operations team. The move is an abrupt shift from feast to famine for BetterWorks, the high profile employee fringe benefits startup headed by prolific angel investor Paige Craig.
In a major Los Angeles area layoff, daily deals and offers service LivingSocial is closing a sales facility in Torrance, and cutting 400 employees throughout the company, as part of a restructuring. livingsocial torrance layoff jobs employment daily deals restructuring marketing' READ MORE>>.
The announcement Monday that Zynga is cutting 18 percent of its workforce is throwing a lot of talent onto the market, to the benefit of the company''s competitors. Although the layoff at Zynga does put a lot of talent on the market, Dewolfe said that it won''t be accelerating its rate of hiring. READ MORE>>.
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.
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>>.
“[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.
Boulder Electric Vehicles had been developing medium- and light-duty electric trucks, aimed at the corporate and municial market READ MORE>>. boulder electric vehicles shutdown angeles cleantech truck auto transportation layoff'
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. READ MORE>>.
There were, of course, those who used the opportunity to make a marketing push or pitch a story. 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. ” Layoffs in a time of COVID-19. The company said T.
Los Angeles- and San Diego-based Veoh (www.veoh.com), an online video sharing site, has laid off 20 people, or roughly 18-20 percent of the firm's employees. Veoh said that the firm, although doing well financially, could not predict how soft the online advertising market will become, given the economic challenges of today.
If you’re a very early stage startup that just raised your first angel money it is very possible that the funding announcement will be your first big tech news. If you believe you have a market-leading position in your product space I would worry a bit less about it. So you’ve taken two stories and collapsed them into one.
Los Angeles-based MySpace reported this morning that the firm intends to restructure the firm's international operations, and will cut 300 employees from the division. In a statement, new MySpace CEO Owen Van Natta said that the firm's international staffing had become "too big and cumbersome to be sustainable in current market conditions."
asset management firm Birch Lake Associates and it is aimed at bringing Faraday’s flagship FF91 SUV to market. This new financing comes hot on the heels of a joint venture (JV) with once-popular Chinese gaming company The9, which will bring Faraday’s V9 EV — a vehicle based on the FF91 — to market in China.
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. . By John Huston. There are only two types of companies -those which have achieved positive cash flow and those which have not.
Bird is in a battle with a large number of "last-mile" scooter companies, including Lime, and which now also includes Uber, Lyft, and even scooter manufacturer Razor, which launched its own scooter rental service in December in Los Angeles. READ MORE>>.
Marketing that our tickets are on sale is a huge problem and in the live entertainment/sport industry, that’s just bad. One of our biggest challenges, in a marketing perspective is, is telling people we sell tickets below retail price, no service fees, free delivery, and it’s all guaranteed without a catch. Tell us more about it.
Singapore-based Crypto.com--the cryptocurrency company which owns the naming rights to the Crypto.com Arena in Los Angeles--has cut 20 percent of its staff, citing "economic headwinds" and "unforeseeable" events in the crypto industry. reportedly impacted more than 2,000 people. Crypto.com blamed the collapse of FTX.
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.
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.
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: When I first had invested in Visalus, I was at SkyPipeline.
This is a huge deal to a half a billion dollar industry market that our tickets are on sale. One of our biggest challenges, from a marketing perspective, is educating people that every ticket we sell is below retail price, we charge you no fees, free delivery, and everything is guaranteed. Marketing our brand is one challenge.
Last week, we talked about layoffs and the Winklevoss rock gods. Things have already plunged so quickly at the signal of a recession that insiders fear a lengthy bear market could hit crypto far more brutally than expected — tearing tokens to lows far below the highs of the 2017 bull run. Welcome back to Chain Reaction. crash redux.
Layoffs will hit two New Jersey sites and one in Pennsylvania, resulting in a loss of less than 10 percent of its “discovery, preclinical and early development” staff, a spokeswoman said via e-mail. —Enough good trial news. —In other Merck news, U.K. . Korean life science equipment distributor SeouLin Bioscience Co.
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