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

TechCrunch LA

The remaining $200 million came from new investors Macquarie Capital, Mori Building and Shell, as well as existing investors 83North, Broadscale Group, Ervington Investments, Hearst Ventures, Planven Ventures, Pitango and RiverPark Ventures. Via isn’t the only company shifting its attention to emergency services.

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Struggling EV firm Faraday Future gets another financial lifeline with new $225M investment

TechCrunch LA

billion capital raise that the company believes it can close before the end of this year. Both companies will own 50 percent of the JV — The9 provided $600 million in capital to secure its share. The company’s financing troubles began in 2017 but a new crisis emerged last year after a fallout with Evergrande.

Invest 143
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Latest Post-COVID Trends in the Telecom Sector

Southern California Edison Blog

Telecom operators looking to stay profitable and successful in the new normal need to invest in network infrastructure, research, and development to best capitalize on new technologies, such as 5G and the Internet of Things. Strategies for Carrier Success in the Post-COVID Environment. Offer Greater Service Flexibility.

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Manufacturing startup Divergent 3D reduces staff by one-third

TechCrunch LA

It was enough to get the attention of investors and at least two global OEMs as customers. Divergent can’t name the customers because of non-disclosure agreements.

Startup 251
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Entrepreneurship Is A Compulsion, Not A Choice

InfoChachkie

As described in Advice For Emerging Entrepreneurs , let the BDC train you and grant you opportunities to make mistakes on their time, on their dime. In your own startup, you might experience lean times, but you never will be crushed in a stampede, like a middle-manager in a corporate layoff. Do not leave The Herd as a calf.

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