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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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.

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.

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.

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

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.

Westlake, Nowcom Create Fintech Company

L.A. Business Journal

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

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.

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.,

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

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.

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.

Meeting Software Company Oblong Raises $12 Million

L.A. Business Journal

Remote meeting technology developer Oblong has raised $12 million in a direct offering with institutional investors

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.

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

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.

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

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.

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.

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

Location Marketing Company MomentFeed Is Acquired by Uberall

L.A. Business Journal

Palms-based location marketing software company MomentFeed Inc. has been acquired by Berlin-based software company Uberall, the companies announced June 15

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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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.

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

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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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.

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

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.

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

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?

Food Tech Companies Look to Build on Pandemic Boost

L.A. Business Journal

A host of local startups have been instrumental in changing the way hungry customers shop for groceries, order takeout and sample food from multiple restaurants

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BayWa r.e. Launches New Brand For Acquired Company

socalTECH

The new company is focused on solar and battery energy storage systems for the U.S. and other Pacific islands, with the company's most recent project a 47 MW solar/135 MWh storage utility project on the big island of Hawaii. Irvine-based BayWa r.e., a renewable energy developer and services provider, says it has launched a new brand, BayWa r.e. Power Solutions Inc. The new brand is a new name for Enable Energy Inc., which BayWa r.e. acquired in September.

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

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

Investors Give Lift to Pet Care Company Front of the Pack

L.A. Business Journal

Christopher Wilkinson noticed that over the past few years dogs were going from “shed to bed” as more people started treating their pups like members of the family

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

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