socalTECH

MARCH 20, 2019

The report says Faraday Future is leasing back the headquarters, which it sold to real estate investor Atlas Capital, for around $10M. Faraday Future has been facing financial issues due to a dispute with its lead investor, which has resulted in layoffs at the company, numerous lawsuits from vendors, and executive departures.

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Report Layoffs Los Angeles Capital 113

socalTECH

SEPTEMBER 18, 2013

The company said the layoffs come as part of an "increased commitment to premium programming". The layoff is not the first for Machinima, which also cut around 10 percent of its staff back in December. machinima venture capital content youtube network hollywood layoff jobs employment' READ MORE>>. READ MORE>>.

Layoffs 133

Layoffs Hollywood Venture Capital Content 133

socalTECH

JUNE 17, 2013

The amount of capital invested in Fisker makes the company the highest profile flameout ever in Southern California''s startup history, far surpassing the mere $375M in venture capital raised of of prior record holder Amp''d Mobile from back in 2007. billion dollars in private and public funds, according to Reuters. READ MORE>>.

Layoffs 170

Layoffs Southern California Venture Capital Acquisition 170

socalTECH

APRIL 10, 2014

According to a message from the company-- first posted by Infotrends --the company said the "time and cost" required to deliver on its concept of "digital postal mail" is "more than the market is prepared to invest." zumbox postal delivery mail shutdown employment jobs layoff' READ MORE>>.

Zumbox 157

Zumbox Layoffs Los Angeles Invest 157

socalTECH

FEBRUARY 23, 2015

along with Redpoint Ventures, MK Capital, Coffin Capital and Allen DeBevoise. 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. The company has now raised nearly $100M in funding over its lifetime.

Layoffs 100

Layoffs Redpoint Hollywood Report 100

socalTECH

NOVEMBER 12, 2013

Costa Mesa-based Emulex said Monday that it is launching a cost cutting effort, a $200M stock buyback, and that Executive Chairman Jim McCluney will exit the company''s board in February. The move comes as Emulex has been looking for a private equity buyer to take the company private. READ MORE>>.

Layoffs 147

Layoffs Equity Acquisition Capital 147

socalTECH

FEBRUARY 27, 2015

The new funding brings the company''s total raised to $61.7M. Nasty Gal founder Sophia Amoruso recently stepped down as CEO , and the company had some major layoffs last September. nastygal fashion executive retailer venture capital' Source of the new funding was not announced. READ MORE>>.

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Layoffs Venture Capital Los Angeles Funding 100

TechCrunch LA

JUNE 18, 2022

Last week, we talked about layoffs and the Winklevoss rock gods. This week, we saw the interconnectedness of major institutions as crypto lending protocol Celsius stuttered and brought down Ethereum prices with it as investors feared a price collapse brought on by reportedly over-leveraged players like 3 Arrows Capital. crash redux.

Newsletter 278

Newsletter Platform Capital Marketing 278

socalTECH

JUNE 21, 2019

Minnie Ingersoll: A few things, but most recently I started by own company, in 2013. Why did you decide to move to venture capital? Sometimes what I say, is if brand is your moat, and you're a direct-to-consumer company, versus where you really have some technology, and you have some IP, that's the side of the spectrum we play on.

Southern California 133

Southern California Startup Layoffs Venture Capital 133

TechCrunch LA

APRIL 30, 2019

The company, famous for lavish promotions but little substance , has received yet another financial lifeline in the wake of a dispute with key investor Evergrande. billion capital raise that the company believes it can close before the end of this year. That sum is apparently part of a larger $1.25 billion, it claimed.

Invest 143

Invest Layoffs Los Angeles Product 143

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

Startup Professionals Musings

OCTOBER 21, 2020

With a concentrated point of focus, your company might be well positioned for growth this year. Past layoffs at big companies usually means more great employees on the market now for newer companies. to capitalize on hard times. Look for operations that are hogging resources without generating significant revenue.

Geni 172

Geni Layoffs Entrepreneur Outsource 172

TechCrunch LA

OCTOBER 19, 2019

Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab. It echoes the same message from Kik’s chief executive Tim Livingston last week when he rebuffed earlier reports that the company would shut down amid an ongoing battle with the U.S.

Social Network 153

Social Network Los Angeles Social Media Blogging 153

Both Sides of the Table

FEBRUARY 25, 2019

Here are some observations I have from this exposure: If a company moves from strength-to-strength with predictable outcomes, easy financings, low staff turn-over, limited competitive threats then the composition of the board probably doesn’t matter as much. In the best cases boards come together to help the company get through its trough?—?in

Startup 269

Startup Venture Capital Layoffs Resource 269

socalTECH

APRIL 13, 2020

Our interview today is with Greg Martin , co-founder of LiquidStock (www.liquidstock.com), an investment fund which offers up a way for employees of private companies to exercise their stock options before an IPO or acquisition. We raised $160M, and our core limited partners are Goldman Sachs, Morgan Stanley, and Coller Capital.

Startup 113

Startup Paramount Invest Capital 113

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. . There are only two types of companies -those which have achieved positive cash flow and those which have not. By John Huston.

Layoffs 120

Layoffs Sales Acquisition Startup 120

socalTECH

MARCH 19, 2009

According to Cortex, it has reduced its personnel by approximately 50 percent, because of the "continuing uncertainty in the capital markets" and the economy. Cortex said it will "evaluate all options for raising cash" to fund the company, including licensing, partners, and other strategic options.

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Layoffs Research Capital Funding 100

socalTECH

SEPTEMBER 26, 2008

Autobytel said it has hired RBC Capital Markets to explore "strategic alternatives" at the firm, which usually indicates that a company is looking for a buyer. The firm said it expects to save $10M annually as a result of the layoffs and elimination of other expenses. Autobytel provides marketing services for automotive dealers.

Layoffs 100

Layoffs Invest Marketing Capital 100

Both Sides of the Table

APRIL 6, 2020

There is so much confusion and misinformation out there about the government sponsored “payroll protection plan” loans to companies that the heads of every small business CEO in the country must be spinning. If you do massive layoffs (RIFs) you can assume that you will need to repay your loan since the intent of the loan is to protect jobs.

Venture Capital 279

Venture Capital Startup Technical Review Doc 279

socalTECH

DECEMBER 12, 2008

Autobytel said that the move affects approximately 40 employees at the company, and will save the company approximately $5.2M Coats has been named the company's President and CEO, replacing current CEO Jeff Riesenbach. in the fourth quarter for the layoffs, including severance for Riesenbach. annually in costs.

Layoffs 100

Layoffs Sales Invest Capital 100

socalTECH

MARCH 5, 2009

We've transition from that early-stage startup, where a company uses investment capital--to being one very business minded, and thoughtful about how we spend our money--where we bring in more on a monthly basis than we spend.". Tags: jobs employment layoff video comerica content maniatv shutdown.

Layoffs 100

Layoffs SoCalTech Content Web 100

Startup Professionals Musings

JULY 7, 2019

With entrepreneurial thinking, this can be a win-win, with you getting more control, and good for companies, who want the more flexible staffing. I’m not looking for a personal guess, but some real homework done via networking and the Internet to see what other companies pay for the same role.

Artificial Inteligence 96

Artificial Inteligence Startup Social Media Training 96

TechCrunch LA

APRIL 24, 2020

The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department. The company’s No. “This was about making the company as totally weatherproof as possible,” Czinger said. The company’s No.

Startup 251

Startup Technical Review Outsource Development Platform 251

socalTECH

DECEMBER 9, 2019

According to a memo leaked from Wag's new CEO, Garrett Smallwood, the company is also laying of a number of employees as it looks to have a capital base that is "right-sized to the needs of our business and strategy". Update: According to a spokesperson for Wag, who reached out to this publication, the company "is not seeking a buyer".

Demand 100

Demand Los Angeles Sales Invest 100

socalTECH

DECEMBER 9, 2019

According to a memo leaked from Wag's new CEO, Garrett Smallwood, the company is also laying of a number of employees as it loks to have a capital base that is "right-sized to the needs of our business and strategy". The company also is now seeking a buyer. Smallwood was named CEO of Wag at the end of November. READ MORE>>.

Demand 100

Demand Sales Los Angeles Invest 100

Both Sides of the Table

SEPTEMBER 15, 2010

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. In the latter cases many companies (Flickr, Delicious, Blogger, Writely in 05-08 and lately Invite Media, Aardvark, Dodgeball, etc.) So where are we now? It’s hard to say.

Invest 284

Invest Angel Venture Capital Startup 284

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). After we sold it to that public company, I founded HashtagOne. What's the theme of your investments?

Venture Capital 100

Venture Capital Entrepreneur Technical Review Software Review 100

socalTECH

DECEMBER 19, 2016

The company did not say how many people it laid off in the move. The company said it is now "considering various measures to preserve cash" and looking to "maximize the value of its assets."

San Diego 100

San Diego Education Sales Capital 100

socalTECH

MAY 25, 2016

Size of the cuts were not announced by the company. According to the company, it has realigned its business to focus on what it calls its "Solar 2.0" The company said it is moving away from the more traditional, door-to-door and other aggressive sales tactics that are being used in the solar market. READ MORE>>.

San Diego 113

San Diego Sales Invest Services 113

Startup Professionals Musings

MAY 1, 2013

With a concentrated point of focus, your company might be well positioned for growth this year. Past layoffs at big companies usually means more great employees on the market now for newer companies. to capitalize on the recession. Snap up top talent. Examine your pool of higher-paid contractors and freelancers.

Startup 98

Startup Geni Entrepreneur Layoffs 98

Both Sides of the Table

SEPTEMBER 14, 2010

I’d rather be Roger Ehrenberg with a thesis around data-centric companies and base my investment decisions on my background. In the latter case many companies (Flickr, Delicious, Blogger, Writely, etc.) This is cheaper for them than waiting for big competitors and buying companies at big prices.

Invest 152

Invest Angel Venture Capital Startup 152

Both Sides of the Table

NOVEMBER 29, 2009

I recently got a phone call from an entrepreneur whom I respect and who runs a company that I hope will do great things one day. He had pitched me in the past and I told him that for a variety of reasons his company was too early stage for me but that I would happily keep track of their progress. Leave them wanting more.

Venture Capital 291

Venture Capital Press News Startup 291

Startup Professionals Musings

APRIL 4, 2012

With a concentrated point of focus, your company might be well positioned for growth this year. Past layoffs at big companies mean that there's a surplus of great employees on the market now. to capitalize on the recession. Look for operations that are hogging resources without generating significant revenue.

Entrepreneur 93

Entrepreneur Geni Layoffs Outsource 93

Xconomy

JULY 15, 2016

There were other goodbyes: Peter DiLaura said so long to Second Genome, the microbiome company he led for six years. —The federal group that runs Medicare and Medicaid banned Theranos CEO Elizabeth Holmes from running a lab for two years, throwing into question the viability of the company. —In other Merck news, U.K.

News 40

News Technical Review San Diego Startup 40

socalTECH

NOVEMBER 3, 2008

According to Spot Runner, the 115 represents about 30 percent of the company. A spokeperson for the firm told socalTECH that the change was due to an "unprecedented change in the economic environment." READ MORE>>

SoCalTech 113

SoCalTech Advertising Venture Capital Resource 113

Tech Zulu Event

JULY 6, 2013

Adam sat down with us to talk about startups, the LA scene, and his company ScoreBig. We had companies come knocking on our doors to tell us a solution to our empty seat problems. We have great access to capital. I am so proud of this company. TechZulu: Where did you get the idea to start ScoreBig?

Startup 79

Startup Pricing Entertainment Sales 79

socalTECH

OCTOBER 22, 2008

The cuts will give the company runway past 2012. and Sequoia Capital, and provides human-edited search pages and news summaries. According to Calacanis, the firm is "fairly certain" that advertising for the next two years will be "severely depressed." Mahalo is venture backed by Burda Digital Ventures, CBS, News Corp., READ MORE>>

Mahalo 100

Mahalo Santa Monica News Summary 100