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

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

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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. .

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

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.

8 Brand Strategy Rules From Elite Consumer Companies

Startup Professionals Musings

In fact, only 100 of the 10,000 multimillion-dollar consumer companies around the world can claim to be an “apostle brand” – one that inspires enduring trust, loyalty, and endorsement. Boston Consulting Group brand building consumer companies rules

Westlake, Nowcom Create Fintech Company

L.A. Business Journal

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

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.

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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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

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

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.

Cloud Network Company PacketFabric Acquires RSTOR

L.A. Business Journal

PacketFabric will not retain RSTOR’s Saratoga headquarters

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.

Wealth Management Tech Company Docupace Acquires PreciseFP

L.A. Business Journal

PreciseFP’s eight employees will join Docupace

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 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.,

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

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Robotics Company Embodied Acquires Conversational AI Business

L.A. Business Journal

Pasadena-based Embodied Inc. released a product last year called Moxie, an artificial-intelligence-enabled robotic companion for young children

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.

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

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.

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.

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?

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

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

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

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.

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.

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.

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

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.

Tech Companies Pave the Way for Post-Pandemic Workplaces

L.A. Business Journal

Of all the industries in Los Angeles, the tech sector was among the quickest to adapt to the pandemic

Ghost Kitchen Software Company Acelerate Assists Restaurants

L.A. Business Journal

George Jacobs’ restaurant journey started with his father, the owner of Georgee’s Pizza in La Cañada Flintridge

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.

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

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

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.

6 Work Myths To Ignore To Enhance Your Company Career

Startup Professionals Musings

Yet, in my role as advisor to small businesses, I find many people who still believe some old myths that work should never be fun, and create a self-fulfilling prophecy that takes down their sense of well-being , as well as their company results.

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.