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Resonant Reports Contract Win

socalTECH

Goleta-based Resonant , which develops technology used for filters for radio frequency (RF) front ends, reported a win in Europe, via its Swiss subsidiary, GVR Trade SA. The company said that it signed a contract with EuroStars to fund a multi-year project for the development of sensors for new medical applications.

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Hiring Developers Before Product/Market Fit?

SoCal CTO

Hiring seems to be the preferred use of seed funds (by investors and founders), whereas I'd prefer a focus on customer acquisition. And that should be the focus of the founders -- to find the special fit that will make your company take off. These companies are very early-stage and definitely have not shown product/market fit.

CTO Hire 205
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Diversis Capital Raises $675M Fund

socalTECH

Los Angeles-based private equity investor Diversis Capital Management said this morning that it has raised a new, $675M fund. The company said its new fund, Diversis Capital Partners II, exceeded its target of $500M. The company said it reached the $675M in commitments just three months after its formal launch.

Capital 113
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SpinLaunch, Backed By Google And Kleiner Perkins, Gets DOD Contract

socalTECH

Long Beach-based SpinLaunch , a space launch services provider which recently relocated from Silicon Valley to Long Beach, reported on Wednesday that it has been awarded a launch prototype contract from the Department of Defense (DOD). Size of that new contract was not announced. READ MORE>>.

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Startup CTO or Developer

SoCal CTO

I’ve been having discussions with several people recently about the role of the CTO (Chief Technology Officer) in very early stage companies. I used an image from Roger Smith that describes the varying roles of a CTO as the company matures. I’ll address the specifics of what this Founder Developer Gap looks like below.

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MaintenanceNet Gets Private Equity Funding

socalTECH

Carlsbad-based MaintenanceNet , which develops software used to manage maintenance and service contracts, announced Wednesday that it has raised a round of growth equity from private equity company Kayne Anderson Capital Advisors. Size of the funding round was not announced. The firm is led by Scott Herron. READ MORE>>.

Equity 168
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5 Startup Funding Models That Depend On The Consumer

Startup Professionals Musings

Even if you ignore all the hype around crowdfunding, there can be no doubt that it is a real alternative for entrepreneurs to achieve visibility and funding today. Of course, there are thousands of other companies that don’t achieve their minimum goal, requiring all contributions to be returned. Donation good-cause model.

Funding 141