Mon.Apr 26, 2021

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J2 Global to Spin Off Cloud Fax Business

L.A. Business Journal

Downtown-based internet services company J2 Global Inc. announced April 19 that it will separate into two publicly traded companies.

Services 130
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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 and $17.00 per share. 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.

Company 113
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9 Crucial Elements Of Every New Venture Funding Pitch

Startup Professionals Musings

As a long-time advisor to entrepreneurs and occasional angel investor, I often see and hear innovative product pitches that sound exciting, but are missing one or more of the key business elements that investors deem critical for funding consideration. We all hate to see your proposal rejected , when a bit more effort and homework could expedite your startup funding and rollout.

Funding 132
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Snap Buys Pixel8earth

socalTECH

Venice, California-based Snap, the parent company of Snapchat, has acquired 3D image acquisition company Pixel8earth. The deal was reportedly worth $7.6M. Pixel8earth develops a crowdsourced, 3D imagery acquisition service, which allows people to help build out a an open, 3D map of the world--mapping into 3D space. Snap is reportedly incorporating the startup into its augmented reality efforts.

Snapchat 113
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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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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. James White is former Chairman, President and Chief Executive Officer of Jamba, Inc., and Susan Gentile is Chief Financial and Administrative Officer of H.I.G.

Company 113
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ZipRecruiter Files For IPO

socalTECH

Los Angeles-based ZipRecruiter, a provider of recruiting tools for companies, has filed for an IPO, saying it is looking to raise as much as $100M in a public offering. The company, led by founder and CEO Ian Siegel, plans to list on the New York Stock Exchange under the symbol ZIP. The company reported net income of 86.0M on revenues of 418.14M for the year ended December 31, 2020.

.Net 113
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CareRev Connects With $50M

socalTECH

Venice, California-based.

Venice 113