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They didn't feel they had visibility into timelines and costs for development of their software. In three of the cases, the founder was finding that the software teams (1 in-house, 2 outsourced) were delivering relatively well in the short-run. My belief is that you shouldn't sign that contract.
Most often at the earliest point in the life of a startup, the dominant need is certainly to produce product to get something in the market, get funding, etc. What worries me a bit is how often I read that startups should hire a developer / hands-on lead developer. How can I control costs but effectively get stuff developed?
Hiring seems to be the preferred use of seed funds (by investors and founders), whereas I'd prefer a focus on customer acquisition. And in most cases they are not ready to hire developers either. Using my StartupRoar as a radar, I came across a great post by Gabriel Weinberg Do you really need a full-time hire for that?
San Diego-based Science Applications International Corporation (SAIC), a provider of engineering and other services, announced today that it has signed a $300M, five year contract with the U.S. Department of Education. SAIC has approximately 44,000 employees serving both the Federal Government and some commercial customers.
Carlsbad- and London-based DNA Electronics , a developer of a semiconductor-based, DNA sequencing technology, says it has received $51.9M in a contract from the U.S. DNAe said the funding goes towards developing its platform for the rapid diagnosis of antimicrobial resistant infections and influenza.
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.
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>>.
Westlake Village-based Cynvenio Biosystems , which is developing molecular diagnostics systems for cancer, announced this morning that it has received $2.0M in financing, plus scored two Small Business Innovative Research (SBIR) contracts from the National Cancer Institute (NCI). The funding came from the company's existing investors.
contract from the Army Armament Research, Development and Engineering Center (ARDEC), the firm said Friday afternoon, in additional funding as part of a research program. Tanner said the funding is part of the firm's development of technology to intercept rocket, artillery, and mortar threats for ARDEC.
Carlsbad-based ViaSat , the satellite communications operator and developer, reported a $34M contract win this morning. The win came from the Space and Naval Warfare Systems Command (SPAWAR), and will go towards developing a crytographic module used for satellite communications by the Navy, Marines Corps, and Army.
Carlsbad-based Ostendo Technologies , a developer of solid state lighting and display technology, reported this morning that it has scored a $58.3M contract from the Air Force Research Laboratory. Ostendo says it is working on a project to create high performance, holographic 3D workstation display systems, viewable by multiple people.
San Diego-based Maxwell Technologies reports this morning that it has received a $7.01M contract from the U.S. Advanced Battery Consortium (USABC), to develop advanced energy storage systems for power assist hybrid electric vehicles. DOE grants. DOE grants. READ MORE>>.
In return, I said, I would give them more time than originally contracted for, and certainly would treat the relationship as special from that moment on. I sometimes counsel CEOs to consider consulting to their prospective customers or in their industry while they are simultaneously developing their product for market. Raising money'
Soraa , the LED lighting technolgoy developers which was spun out of U.C. Santa Barbara, reported today that it has been awarded several million dollars in funding from the Department of Energy''s Advanced Research Projects Agency Energy (ARPA-E). According to the company, the funding comes as part of a four year, $3.2M
Los Angeles-based CoreObjects Software , a provider of software development to both startups and other firms, has been acquired. Symphony Services said the buy expands its offerings in product development and embedded product development. The company said CoreObjects has 55 active client contracts in the US, Europe, and India.
For starters we’re an LA-based venture fund who invests nationally (and sometimes internationally, but less so). Having been at Battery Ventures for 5 years earlier in her career has given her the investor vantage point and years of seeing booming markets and contracting ones. And the contractions always come back.
San Diego-based Althea Technologies , a provider of contractdevelopment and manufacturing for the life sciences market, has raised $17M in debt funding, according to financing provider Hercules Technology Growth Capital. Use for the funding was not disclosed. Althea is venture backed by Telegraph Hill Partners.
Carlsbad, California- and Alachua, Florida-based Banyan Biomarkers has raised $6M in a Series A funding, to go towards development of a diagnostic test for traumatic brain injury (TBI). Source of the funding was not disclosed. The firm said it is currently in the midst of a 2,000 patient, clinical trail funded via a $26.3M
in a bid to accelerate the company''s development of a treatment for Ebola, the U.S. in an 18-month contract with Mapp Biopharmaceutical, with a possible extension of the contract to up to $42.3M. That funding will go towards supporting the government repsonse to the Ebola outbreak in West Africa. READ MORE>>.
But while universities are developing online content they are not fundamentally disrupting leaning because the method of delivery is not a new business model. But “on capital employed” encourages companies to push more off balance sheet and thus into offshore & outsourced situations. I don’t believe it.
Los Angeles-based CoreObjects , a provider of outsourced product development services to the venture-backed technology community, has raised $2.0M in a equity funding round, according to a regulatory filing by the firm today. Details on the funding have not yet been released by the company. READ MORE>>.
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.
million from investors Trucks VC, Kapor Capital, JFF, Energy Impact Partners and The Fund. The funds will be used to build out its platform, hire beyond its 27-person workforce and expand its service area. ChargerHelp takes a workforce-development approach to finding employees. The company said it has raised $2.75
Publicly traded sensor technology developer, FLIR Systems , is investing in a strategic round of funding for the outsourced drone imaging company, DroneBase. Through FLIR’s Infrared Training Center, FLIR and DroneBase will develop a specialized training program that will be certified exclusively by DroneBase.
My rationale is simple: everything goes wrong and only great teams can respond to competitors, markets, funding environments, staff departures, PR disasters and the like. I am fond of quoting that about 70% of my investment decision of an early-stage company is the team. Final startup grind from msuster.
The company, which employed about 160 people, laid off 57 workers, according to documents filed with the California Employment Development Department. Structures such as chassis components and subframes, for which Divergent has supply contracts, are going through various testing and validation stages, depending on the program.
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 new fund is led by Managing Partners Ron Nayot and Kevin Ma.
Rather than directly explaining their value proposition with all the passion and heartfelt stridency that only an entrepreneur can deliver, they outsource this communication to a Public Relations (PR) firm. Beyond PR, such roles include: Sales, Product Development, Strategic Planning and Fund Raising. Thought not.
San Diego-based pharmaceuticals contract manufacturer Althea Technologies said today that it has been acquired by Japanese company Ajinomoto Co. Althea Technologies provides biopharmaceutical development and manufacturing services. The two said the buy will give Ajinomoto entry into the contractdevelopment and manufacturing market.
In the initial phases of any new market you’re developing a product (hopefully with a minimal set of features), getting feedback from customers, refining your product based on user feedback and then re-launching your product. Markets develop for a complex set of factors that are often beyond all of our control.
Los angeles-based Silvus Technologies, a startup developing radio frequency (RF) spectrum scanning technology, has scored $1M from a Phase Three DARPA contract, the company said today. Silvus said its technology provides "extremely fast" spectrum scanning in a form factor the size of an iPhone.
First Principles. Steve Blank , January 25, 2010 10 Tips for Adding Game Mechanics to a Non-Gaming Service - ReadWriteStart , September 21, 2010 Startups & VCs: Learn How to Design, Market, & Eat Your Own. -
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. These sites often sponsor pitch contests with small cash prizes for funding, as well as other valuable services to support entrepreneurs. Marty Zwilling.
It's a story you hear too many times: a venture or angel funded firm just can't figure out its business, runs low on cash, can't get another round of funding, and soon all that's left is a few chairs and servers. In terms of tactics, we went from 20-odd people at the company to just three people, myself and two developers.
Sorrento Valley-based AgileNano, which is developing technology for minimizing military and sports injuries, has raised a Series A funding from the Tech Coast Angels, the TCA said today. Amount of the financing was not disclosed.
Monrovia-based Aerovironment , which develops both electric charging stations and unmanned aerial vehicles, has scored a big win in Oregon, saying that it has installed the first phase of a project to make it possible to drive electric vehicles (EVs) from Canada to Mexico.
Los Angeles-based FilmTrack , a developer of contracts and rights management software for the media and entertainment industry, has raised $10M in a Series B funding, and also acquired Dashbox, a developer of cloud-based music asset and metadata management software. Goldberg also is the CEO of SurveyMonkey.
It all looked good at the time: oil company Exxon needed to develop a more earth-friendly way to produce oil, and San Diego startup Synthetic Genomics needed funding to get its technology off the ground. But then, ExxonMobil cut back its original investment--worth up to $600M--in Synthetic Genomics. What happened? READ MORE>>.
Monrovia-based Tanner Research , which provides technology research, electronic design automation (EDA) software, and other products and services, said Tuesday that it has been awarded a SBIR Phase I contract worth $100,000 from the Army Research Office. Tags: tanner research army sbir grant contract software sensors.
Irvine-based Mavenlink , a developer of software tools for managing projects with clients, contracts, and consultants, has raised $3.9M in funding from Quest Software and Madden Capital Partners, according to the firm today. socalTECH had first uncovered the funding in September. READ MORE>>.
PICS Auditing , a software-as-a-service developer which provides contractor screening and credentialing software, has raised $35M in a funding round, the firm sai dtoday. The minority funding came from Norwest Venture Partners. PICS said the new funding will go towards expansion into new sectors and geographies.
We’re staring to get the hang of how to divide the show up into talking about deals but also talking about issues for entrepreneurs during funding. Next Wednesday we’ll have Dana Settle of Greycroft Partners, a New York / LA early-stage venture capital fund. short answer: very, very rarely. But it does happen.
Irvine-based WiSpry , a developer of RF semiconductors, said today that it is a part of a team that has won an $8M contract being funded by Denmark's High Technology Foundation. As part of the win, the firm said it will establish a technical presence in Aalborg, Denmark. READ MORE>>.
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