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National Technical Systems Gets $14M In PIPE

socalTECH

Calabasas-based National Technical Systems , which provides testing and engineering services, said today that it has raised $14M in a private placement. The firm said the new funding will go towards one or more future acquisitions by the company. The firm said it was advised by B. Riley & Co. in the financing.

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7 Secrets To Bank Equity Funding Without Collateral

Startup Professionals Musings

Show focus and your understanding that your company is something more than just a good idea. A winning product or service. Provide a simple yet complete description of your product or service and its competitive marketplace. If you don't have a team on staff, then a banker is going to want to hear about outsourcing and advisors.

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6 Tips For A Marketing Focus To Match Your Solution

Startup Professionals Musings

Getting customer attention often takes more innovation today than solving the tough technical problems. As a business adviser, I still see too many new venture founders who skimp on their marketing focus, or start too late. Networking is all about marketing yourself and your company.

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7 Tips To Getting A Bank Interested In Your Startup

Startup Professionals Musings

Show focus and your understanding that your company is something more than just a good idea. A winning product or service. Provide a simple yet complete description of your product or service and its competitive marketplace. If you don't have a team on staff, then a banker is going to want to hear about outsourcing and advisors.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

But what IS the right amount of burn for a company? Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Conversely if you’re burning $600,000 per month (yes, some companies do) then you only have 5 months of cash left. Gross Burn vs. Net Burn.

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Interview with Erik Rannala, MuckerLab

socalTECH

Erik Rannala: MuckerLab is a new startup accelerator, focused on incubation stage Internet, software, services, and media businesses here in LA. First and foremost, we're focused on making companies become successful. How much are you investing in the companies who are part of the program?

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Interview with Julie Novack, PartySlate

socalTECH

She told us about why so many Los Angeles investors are supporting the company and gave us an overview of what PartySlate is all about. I tapped my co-founder, John Haro, who I worked for at Agency.com, and at another mobile marketing company, and we talked about the idea, ideated, and I brought him on as co-founder.