Motive Companies Backs GenXComm In Strategic Investment

socalTECH

Fountain Valley-based Motive Companies, which provides renewable energy and infrastructure products, says it has made a strategic investment in GenXComm, a developer of dynamic filtering and Radio Frequency (RF)-photonics systems. GenXComm said it has raised $20M in its Series B funding round, which was led by Motive Companies, along with Raine Next-Gen Communications and BMW iVentures. motive companies genxcomm venture capital strategic investment radio frequency cleantech

Boring Company Raises $675M, But Bails On LA

socalTECH

The Boring Company, the tunneling and hyperloop transportation company run by Elon Musk, has raised $675M, but has moved its headquarters and operations out of Los Angeles. According to The Boring Company, it raised $675M in a Series C funding, which values the company at $5.675 billion. The Boring Company is now headquartered in Austin, and--based on the company's job listings--has pulled out of LA's technology jobs market.

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Are you killing innovation in your company?

Berkonomics

Here’s one for executives of any company with next generation products in mind. In many companies, there are quiet geniuses, wanting to work on projects outside of the daily focus of the department or company. Technology companies are prime targets for this problem. .

Planning 500,000 charging points for EVs by 2025, Shell becomes the latest company swept up in EV charging boom

TechCrunch LA

Since the beginning of the year, three companies have been acquired by special purpose acquisition vehicles and are on a path to go public, while a third has raised tens of millions from some of the biggest names in private equity investing for its own path to commercial viability.

Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

Westlake, Nowcom Create Fintech Company

L.A. Business Journal

Westlake Technology Holdings and sister company Nowcom Corp. have joined to create NowLake Technology

The Boring Company Gets Nod On Las Vegas Transportation System

socalTECH

Los Angeles-based The Boring Company has just received approval from Clark County, Nevada, for its plans to create an underground transportation system that will connect the Las Vegas Strip, Allegiant Stadium, and the University of Nevada, Las Vegas. vegas boring company underground transportation tesla elon musk tunnel

Micromobility Companies Are Ready to Roll Again

L.A. Business Journal

A year later, local micromobility companies are optimistic Going into 2020, the micromobility industry was already experiencing some growing pains.

LA Companies Hop Aboard NFT Bandwagon

L.A. Business Journal

Akash Nigam, founder and chief executive of Venice-based Genies Inc., said he wasn’t entirely sure what a nonfungible token was until last summer when he met with Dapper Labs Inc. Chief Executive Roham Gharegozlou

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Netradyne Wins Bulk Transport Company

socalTECH

San Diego-based driver and fleet safety products developer Netradyne announced a customer win on Tuesday, with J&M Tank Lines, a provider of dry bulk transport. Financial details of the deal were not announced. Netradyne said J&M Tank Lines will deploy it artificial intelligence (AI) powered safety cameras throughout its fleet. Netradyne is venture backed by SoftBank Vision Fund 2, Point72 Ventures and M12, and has raised over $197 million.

Energica CEO plots her Italian EV company’s reboot from lockdown

TechCrunch LA

The CEO of the high-performance Italian motorcycle manufacturer offered that point of optimism, as her Modena based EV company remains closed by government decree. The company — that has has a California office and U.S. MotoE riders use the company’s EGO model as their base bike.

Tech Company Vana Helps Cannabis Companies Build Their Brands

L.A. Business Journal

founder and Chief Executive Sheldon Owen saw that companies selling cannabis products would need technological tools to advertise in compliance with regulations Vana Technologies Inc.

An economics lesson for growing companies

Berkonomics

Growing companies usually require more working capital during their periods of rapid growth. The problem is that few small, growing companies seem to be attractive to most banks for traditional unsecured or asset-backed loans. Catching up from past insights.

The Honest Company Names Two To Board

socalTECH

Los Angeles-based personal care, beauty, baby, and household products brand The Honest Company says it has named two new members to its board of directors. According to the company, it has named James White and Susan Gentile to the company's board, effective upon the company becoming a public company. White has previously served at Safeway, The Gillette Company, and Setle S.A.; The Honest Company is led by Ceo Nick Vlahos.

Does your company culture encourage employee curiosity?

Berkonomics

Some of the world’s best companies to work for are those that encourage employees to spend time following their own paths of curiosity toward development of new products or services. Every company has hidden talent, creative thinkers that are not in a position to demonstrate their talents.

Cadiz Shares Plunge as Company Reconfigures Water Transfer Plan

L.A. Business Journal

It’s been a rough and perplexing six weeks for shareholders of downtown-based water infrastructure development company Cadiz Inc

Selling your company for less than expected?

Berkonomics

Sometimes the end game or sale of the company is not a happy event. And yet, VCs sometimes bravely put in more money near the end of the life of a company to bridge the company to a sale of assets in an attempt to recover some or all of the original investment.

The Honest Company Sets Anticipated IPO Range

socalTECH

Los Angeles-based The Honest Company has set its anticipated IPO range, saying in a filing on Monday morning that it is now expecting to price its IPO at between $14.00 The company has applied to list on the Nasdaq Global Select Market as HNST. The Honest Company said it is offering up 6,451,613 shares of its common stock in the offering, which is being underwritten by Morgan Stanley, J.P. honest company jessica alba merger acquisition consumer products honestco

LA Companies Give Renters More Ways to Charge EVs

L.A. Business Journal

Electric vehicles are touted as the future, especially in Los Angeles where the city’s climate goals call for 80% of vehicles sold to be electric by 2028 — seven years ahead of the state’s 2035 cutoff for gasoline-powered auto sales

LA Tech Companies Shake Up Real Estate Industry Norms

L.A. Business Journal

said the idea for the company came to her after working with a real estate agent to sell her first home Lindsay McLean, founder and chief executive of Home-Lister Inc.,

Can you build a company, not just a product?

Berkonomics

She stated that she had rejected the investment being discussed, because in her mind the entire company was “just a button, on a feature, in an app.” If you have invented a game that will be marketed as a new app in the app store, have you created enough of a model to create an ongoing company, or just another app that will compete with the millions already in the store? The post Can you build a company, not just a product?

Triller Buys Two Companies

socalTECH

Los Angeles-based TrillerNet, the parent company of social video app developer Triller, has acquired two companies, including a live event and pay-per-view (PPV) company, and a conversational artificial intelligence (AI) company.

San Diego Angel Conference Backs Five Companies

socalTECH

The San Diego Angel Conference, an angel investing effort which is run by the University of San Diego (USD) School of Business, says it has made investments in five companies at its conference this year, worth a total of $500,000. ucsd investment capital venture company angel diego

How about personal guarantees for company debt?

Berkonomics

As a rule of thumb, a company with a majority owner in control will be required to provide such a guarantee for most any borrowing of significant size in relation to assets. A win-win for the investor and entrepreneur assuming the company does grow and have a liquidity event someday.

Bird Buys Berlin Company

L.A. Business Journal

acquired Circ, an electric scooter company headquartered in Berlin, in a bid to expand the Santa Monica-based company’s European operations Electric scooter operator Bird Rides Inc.

Why document your company’s tribal knowledge?

Berkonomics

It is not common for the CEO of a rapidly growing company to think of slowing down the furious pace enough to have each manager (including the CEO) document the job process managed, as well as see to the documentation for each process managed below.

Meet the Tech Companies Keeping LA’s Music Industry Humming

L.A. Business Journal

The music industry in Los Angeles has grown to encompass far more than just production

Could you be your company’s bottleneck?

Berkonomics

So many tasks; so little time. As a manager, you have a number of critical tasks that are general to your position as opposed to specific to your industry.

Hologram Company PORTL Gets $3 Million

L.A. Business Journal

Holographic technology startup PORTL Inc. announced $3 million in seed funding

PlayVS Acquires Canadian Esports Company

L.A. Business Journal

Play Versus Inc., the Sawtelle-based organizer of high school and college esports programs reached a deal to acquire Vancouver-based GameSeta Esports Inc

Boring Company Sets Up Shop In Austin

socalTECH

Los Angeles-based Boring Company , the tunneling-and-Hyperloop-transportation company founded by Elon Musk, is setting up shop in Austin, Texas, saying on Monday that it is hiring in the city. The company listed jobs in Electrical Engineering, Mechanical Engineering, Accounting, Business Development, and other areas. link] — The Boring Company (@boringcompany) November 9, 2020. boring company austin expansion texas elon musk hyperloop transportation

VR Company Specular Theory Lands $4.5 Million Air Force Contract

L.A. Business Journal

Venice-based virtual reality software company Specular Theory Inc. secured a $4.5 million contract with the Defense Department to expand development of its training products for the Air Force

Venice 216

You are your company’s moral compass.

Berkonomics

Years ago, when I was CEO of my record manufacturing company in Hollywood, I happened to walk around the plant into the press room just as Bobby, one of the employees’ favorite coworkers, was offering stolen merchandise to his fellow pressmen from a bag he was carrying. How your decisions affect your company. How you comport yourself in these situations is absolutely the litmus test for how your company culture will reflect your actions.

Tinder's Parent Company, Match, Suing Google Over App Payments

socalTECH

Match Group, the parent company of Los Angeles-based dating app developer Tinder has filed a lawsuit against Google, claiming the Internet giant has too much control over payments in its Google Play app marketplace. The lawsuit revolves around Google's 30 percent cut of payments on Google Play, and Google's attempt to ban apps from using alternative payment services. tinder match google lawsuit legal payment monopoly antitrust

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LA Companies Play Leading Role in Rising AR, VR Industry

L.A. Business Journal

It may seem redundant to say that a company focused on creating virtual reality experiences is ahead of the curve, but that’s precisely the case for West Adams-based Survios Inc

AR Combat Training Company Red 6 Moves To Miami

L.A. Business Journal

Red Six Aerospace, which creates AR combat training for the military, has moved it headquarters to Miami

LA Companies Gear Up for Virtual CES

L.A. Business Journal

For the Consumer Technology Association, the show must go on. The three-day virtual version of the trade show is scheduled to run from Jan. 12 through Jan.

Austin Capital Aims At Fintech Companies

socalTECH

The company's founder is David J. The new fund specifically says it is looking at fintech automation companies. Irvine-based Austin Capital--not to be confused with venerable Texas-based Austin Ventures--said today that it is making fintech investments from a $125M fund, venture studio, and "digital alternative investment platform". austin capital venture ventures

Elon Musk's Boring Company Looks Towards Freight Tunnels

socalTECH

Elon Musk and his tunnel drilling company, The Boring Company, appears to be pitching the idea of using its tunnels for freight, according to pitch materials leaked from the company. According to Bloomberg, The Boring Company is now pitching wide tunnels, 21 feet across, which would be able to move two shipping containers side-by-side, with battery-powered freight carriers. boring company elon musk freight tunnel

Solar Energy Company Heliogen Set for New Year’s Eve Debut on NYSE

L.A. Business Journal

County was poised to get another publicly traded company: Pasadena-based solar technology firm Heliogen Inc As the clock was running out on 2021, L.A.

Local EV Companies Expect Jumpstart From Biden Administration

L.A. Business Journal

With the inauguration of President-elect Joe Biden days away, local companies are preparing for an array of proposed policy changes

HONK Wins Insurance Company

socalTECH

According to HONK, it has signed up Wawanesa Insurance, and will manage the roadside assistance program for the insurance company. HONK says that Wawanesa is ranked the number one insurance company in California for customer satisfaction, according to J.D. Los Angeles-based HONK Technologies , which is developing an app that helps provide roadside assistance to users, has signed up an insurance firm as a customer.

SmartDrive Wins Paving Company

socalTECH

San Diego-based driving safety and monitoring systems provider SmartDrive Systems announced this morning that it has signed up Superior Paving, a large asphalt paving company on the East Coast, as a new customer. smartdrive paving company driver safety fleet auto automotive transportation