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.

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.

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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

Westlake, Nowcom Create Fintech Company

L.A. Business Journal

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

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.

Haystack Helps Companies Manage Remote Workers

L.A. Business Journal

For large companies with hundreds — or even thousands — of employees, managing human resources functions and communicating with workers can be a challenge

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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

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.

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.

Ecommerce Logistics Company Flowspace Raises $31 Million

L.A. Business Journal

Flowspace Inc., the Del Rey-based developer of a software platform built to manage warehouse and shipping logistics, announced March 17 that it had raised $31 million in a Series B funding

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.

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

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.

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.

Ecommerce Logistics Company Flowspace Raises $31 Million

L.A. Business Journal

Flowspace Inc., the Del Rey-based developer of a software platform built to manage warehouse and shipping logistics, announced March 17 that it had raised $31 million in a Series B funding

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.

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.

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.

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.

J2 Global Buys One Company, Sells Two

socalTECH

Los Angeles-based J2 Global said this morning that it has acquired one company, and divested two. According to the company, it acquired HowLongtoBeat, and divested City Numbers and Callstream. HowLongtoBeat is an online website that lets videogame players track the playtimes of their games. City Numbers and Callstream are both part of J2 Global's UK cloud services business. Financial details of the acquisition and divestitures were not announced.

What is your biggest error in company planning?

Berkonomics

Most entrepreneurs quote a resource for market size but fail to then take the next step to eliminate all parts of that market unreachable by the company or product. But many decisions were made within my company walls, and surely by competitors, based upon those numbers.

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

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?

Pepperdine Names Most Fundable Companies

L.A. Business Journal

Pepperdine’s Graziadio Business School announced the winners of its second annual Most Fundable Companies competition

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.

Water Tech Companies Are Springing Up in LA

L.A. Business Journal

In many areas of the world, there may be no more precious commodity than water — and that’s especially true in Los Angeles

Support.com In Merger With Bitcoin Mining Company

socalTECH

Support.com, a publicly led outsourcing company led by Los Angeles resident Lance Rosenzweig, who serves as President and Chief Executive Officer, says it has merged with a bitcoin mining company, Bitcoin Miner Greenidge Generation Holdings Inc. Acording to the company, the merger will create the first, publicly traded bitcoin mining company that owns its own power plant.

NantHealth Acquires Data Company OpenNMS

L.A. Business Journal

Billionaire Patrick Soon-Shiong’s NantHealth Inc., which uses data analysis and artificial intelligence technology to assist physicians and improve patient outcomes, is going even more high tech

LA Companies Prep for CES

L.A. Business Journal

Although it takes place at the Las Vegas Convention Center, the 2020 Consumer Electronics Show is a key event for technology companies and startups based in Los Angeles

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

Pacific Defense Acquires Military Tech Company

L.A. Business Journal

has acquired military tech company Spear Research Recently formed El Segundo-based Pacific Defense Strategies Inc.

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

LA Companies Gear Up for Virtual CES

L.A. Business Journal

For the Consumer Technology Association, the show must go on

Startups Spawned By Big Companies Have Extra Hurdles

Startup Professionals Musings

“Intrapreneurs” are entrepreneurs inside big companies, who do corporate spin-offs. A spin-off is merely a startup spawned by a mature parent (company), and conventional logic would dictate that it has a survival advantage over the lowly startup.

Local Tech Companies Work to Get Out the Vote

L.A. Business Journal

Social platforms and media content creators in Los Angeles are leveraging their influence to encourage voting by Gen Z and millennial audiences as registration deadlines approach

LA Tech Companies Give Mindfulness Apps the Stress Test

L.A. Business Journal

s tech sector grows, a cluster of companies is taking meditation and mindfulness into a virtual space As L.A.'s

Hologram Company PORTL Gets $3 Million

L.A. Business Journal

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

Software Security Company Replicated Raises $25 Million

L.A. Business Journal

Replicated, a Culver City-based company that provides security and operations services to software vendors, closed a $25 million Series B funding round

Pepperdine University Most Fundable Companies Competition

SoCal Tech Calendar

Wednesday, March 31, 2021 --.

Local Aerospace Companies Play Major Roles in NASA’s Moon Missions

L.A. Business Journal

Later this year, Long Beach-based rocket manufacturer Rocket Lab USA Inc. will attempt its first mission to the moon

Does your company have a “dirty cap table?”

Berkonomics

The problem in taking such money rests in the legality of taking money from non-accredited investors, people who do not meet the SEC standard for making non-public company investments. Does issuing a PPM insulate the company? How it happens.

AI Company Beyond Limits Raises $113 Million

L.A. Business Journal

Glendale-based artificial intelligence company Beyond Limits Inc. has raised $113 million in a Series C funding round with another roughly $20 million committed

Boring Company's Vegas Loop Won't Meet Passenger Goals, Says Report

socalTECH

A report, published Friday, says that the Las Vegas hyperloop system being built under the Las Vegas Convention Center by Los Angeles-based The Boring Company will will not meet passenger throughput requirements of the contract. The report said that only 800 passengers an hour are allowed on the company's Convention Center Loop per station, which would dramatically limit how many passengers could be transported through the system.