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Sundae snags $36M to build out its distressed property marketplace

TechCrunch LA

He did note that in the four markets where the company has gone live since launching its business in January 2019 — San Diego, Los Angeles, the Inland Empire , and Sacramento — has yielded an annualized revenue run rate of over $400 million in gross merchandise value (the total value of home sales transacted on its platform).

Sales 282
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GrubMarket raises $60M as food delivery stays center stage

TechCrunch LA

“The only success criteria of my startup career is whether GrubMarket can eventually make $100 billion of annual sales,” he said to me over both email and in a phone conversation. Its opportunity comes in the form of disruption and a gap in the market. ” I don’t doubt that he means it.

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Reflections on 2018: Rob Freelen, Silicon Valley Bank

socalTECH

Here, we have the thoughts of Rob Freelen , Los Angeles Market Manager for Silicon Valley Bank (www.svb.com). Given SVBs market position, that is great news. The Playa Vista company is aggressively taking market share and could go public. Seismic, a sales software company, raised $100M and became a unicorn.

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Interview with Eugene Cho, Echo Laboratories

socalTECH

Eugene Cho is CEO of San Diego-based Echo Laboratories (www.discover-echo.com), a startup which is developing a new kind of microscope. My background is I was a sales rep in this industry for fourteen years, with Nikon. We basically built a few prototypes, sold a few, and saw that there was really a market need there.

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Interview with Eugene Cho, Echo

socalTECH

Eugene Cho is CEO of San Diego-based Echo (www.discover-echo.com), a startup which is developing a new kind of microscope. My background is I was a sales rep in this industry for fourteen years, with Nikon. I saw the market opportunity, and after being in the industry for fourteen years, thought: what can we do next?

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Illumina Cuts Forecasts As Consumer Tests, Genomics Initiatives Lag

Xconomy

About this time last year, DNA sequencing giant Illumina upped its financial projections, estimating its sales would grow 20 percent year-over-year. On Monday, Illumina (NASDAQ: ILMN ) informed the markets that it had overshot the mark with its 2019 estimates. It exceeded that goal, with revenue rising 21 percent to $3.33

Study 59
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Eight Repeat Entrepreneurs To Watch In SoCal

socalTECH

Demand Media / Richard Rosenblatt / Los Angeles - Rosenblatt's last big win: MySpace, where he was Chairman, brokering its sale to News Corp. Getting lots of notice--and controversy--at Demand Media for its use of writers to create content specifically to attract web traffic.