Mon.Aug 05, 2019

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Sunstone Backs Lucira Health In $15M Funding

socalTECH

Long Beach-based investor Sunstone Management is one of the investors in Emeryville, California-based Lucira Health , as part of a Series B funding rounding, the company said on Monday morning. The Series B funding was worth $15M, and was led by Seraph Group, and also included Eclipse Ventures, DCVC (Data Collective), Y Combinator and Sunstone Management and new backer ShangBay Capital.

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Romeo Power Raises $4 Million for Electric Battery Venture

L.A. Business Journal

Vernon-based manufacturer Romeo Systems Inc. said Aug. 5 it secured a $4 million investment from HG Ventures to further develop energy-efficient lithium ion batteries.

Vernon 127
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Eta Compute Names CEO

socalTECH

Westlake Village-based Eta Compute , a company developing machine learning software for embedded devices like mobile phones, has named Dr. Ted Tewkbury as its new CEO. Tewksbery was previously President and CEO of Entropic Communications, and previously also served as President and CEO of Integrated Device Technology, in addition to serving at AMI Semiconductor, Maxim Integrated, IBM Microelectronics and Analog Devices.

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7 Common Causes Of Failure To Communicate in Business

Startup Professionals Musings

Most business mentors tell me that the single biggest problem they have to deal with in small companies is the lack of open, honest, and effective communication, both from the top down and from the bottom up. Some entrepreneurs forget that talking is not communicating. Fortunately these skills can be learned, and the barriers to communication can be overcome one by one.

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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.

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Fair Boosts Executive Team

socalTECH

Santa Monica-based vehicle subscription startup Fair , led by longtime automobile and startup veteran Scott Painter, is boosting its executive team, saying on Monday that it has added three new executives to its team. The company said it added Jay Trinidad as the company's Chief Product Officer, Pat Wilkinson as its GM of Exclusive Uber Program, and John Pierantoni as SVP of Finance and Risk.

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Former Tinder Marketing Head Sues Match Group

socalTECH

The former marketing head of Los Angeles-based dating and hookup-app developer Tinder , Rosette Pambakian, has sued Tinder's parent company, Match Group , over wrongful termination. According to The Verge, the lawsuit alleges that former Tinder CEO Greg Blatt sexually assaulted her in 2016, and that Pambakian was later fired as a result of going public with the sexual assault allegations.

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Video Interview: Aaron Ross, Predictable Revenue

socalTECH

Our interview today is with Aaron Ross, the Co-CEO of Predictable Revenue (www.predictablerevenue.com), and author of the Predictable Revenue: Turn Your Business Into A Sales Machine With The $100M Best Practices of Salesforce.com, and From Impossible to Inevitable: How SaaS and Other Hyper-Growth Companies Create Predictable Revenue. Ross helped create the sales machine behind Salesforce.com, and he tells us his story and gives his tips to entrepreneurs.

SaaS 113
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Bird Boosts Battery, Other Scooter Features

socalTECH

Santa Monica-based on-demand, scooter startup Bird has rolled out an upgrade to its scooters, saying last week that it has launched the Bird Two , a new scooter that includes 50 percent more battery, self-reporting damage sensors, and other new features. According to Bird, the new scooter is designed to help provide "even greater" unit economics for the company.

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BlackLine Signs Harper Collins, Postmates, Others

socalTECH

Los Angeles-based financial automation software developer BlackLine is continuing to sign on brand name customers, saying late last week that it has added such new customers as Harper Collins, Lavazza, Nature's Bounty, Postmates and Take-Two Interactive during its Q2. The company--which develops software used by accounting departments to automate the financial close process--said its other new customers include Adventist Health, Harper Collins, Lavazza, Turner Construction, Bekaert, Kier Group,

Custom 113
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Report: Snap's New Chief Business Officer Turning Around Ad Business

socalTECH

What's behind the turnaround in the online ad business of Venice-based Snap ? According to a report from CNBC , a new Chief Business Officer--Jeremi Gorman--has completely changed Snap's advertising business. Gorman previously was an executive at Amazon, and was appointed to the position in October. Snapchat is expectedf to generate $1.36 billion in net worldwide ad revenue this year, a 30% increase over 2018, according to the CNBC report.

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Report: Using E-scooters Not So Green, Especially If You'd Be Walking Instead

socalTECH

The rise in on-demand, e-scooter companies--such as those from Bird , Wheels , Lime , and many others--has been heralded by companies as being good for the planet and cleaner than other options. However, a newly published study by researchers finds that greenhouse gas emissions associated with e-scooter use is actually higher in 65 percent of simulated cases, than the suites of modes of transportation those scooters are displacing--namely, things like walking, bicycling, and skateboarding to you

Study 113
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PlanetArt Buys Personal Creations From FTD For $18.1M

socalTECH

Calabasas-based PlanetArt , a provider of print-on-demand and personalized products, says it has acquired personalized gift company Personal Creations , from FTD Companies , in a deal worth $18.1M in cash. PlanetArt--which says it now has reached roughly $200M in revenues--said the acquisition came as part of FTD's court-supervised restructuring. PlanetArt said the deal will help it add a "new gifts dimension" to its product platform.

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Romeo Power Technology Finds $4M For EV Power Systems

socalTECH

Vernon, California-based Romeo Power Technology READ MORE>>.

Vernon 124