Thu.Oct 29, 2020

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Gulfstream to Relocate Employees to Van Nuys Airport

L.A. Business Journal

Gulfstream Aerospace Corp. will move jobs to Van Nuys Airport from Long Beach as part of a streamlining and modernizing of its customer service.

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Gwyneth Paltrow, Rebel Wilson, Darren Criss, and Baron Davis are backing an LA-based weed soda company

TechCrunch LA

Celebrity investors including Gwyneth Paltrow, Rebel Wilson, Ruby Rose, Darren Criss, Baron Davis, Tove Lo, and Casey Neistat have come together to back the Los Angeles-based thc-infused drink company, Cann , the company said. It’s the latest in a string of deals that show the strength of the market for alternative intoxicants — at least in California.

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Slingshot Aerospace Finds $8M More

socalTECH

El Segundo, California- and Austin, Texas-based Slingshot Aerospace , a developer of situational awareness technology that brings together imagery and data from satellites, drones, airplanes, and other sensors, has raised $8M in its Series A funding, the company said this morning. Slingshot Aerospace said the funding was led by ATX Venture Partners, and also included Revolution's Rise of the Rest Seed Fund, Techstars Ventures, and Okapi Venture Capital, along with angel investors Keith Masback (

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Can you build a company, not just a product?

Berkonomics

Some businesses are built around a single idea. . And sometimes that idea is just too small a slice of the big picture to be interesting to investors. There was a recent investor event where I was keynote speaker, on stage only after several panels of experts had wowed the audience with their predictions and observations. One of the panelists made a point that resonated with me.

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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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Inphi Acquired By Marvell In $10 Billion Deal

socalTECH

Semiconductor maker Inphi , which develops high speed interconnect semiconductors--and which was started in Westlake Village, where it continues to have major operations--is being acquired by fellow semiconductor company Marvell. Marvell said it would pay $66 in cash and 2.323 shares of stock of the combined company for each Inphi share. Inphi has been a public company since 2010, trading as IPHI on the NYSE.

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MarketerHire Gets $3M

socalTECH

Los Angeles-based MarketerHire , a startup developing a talent marketplace and hiring platform aimed at providing remote, marketing talent to companies, has raised $3M in a funding round, the company said this morning. According to the company, the funding came from founders and senior executives at several leading digital brands, including Zillow, Thrive Market, FabFitFun, Seamless, Notion and others.

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Ontrak Acquires LifeDojo

socalTECH

Santa Monica-based virtual healthcare and telehealth provider Ontrak announced this morning that it has acquired LifeDojo , which provides an online behavior change platform. Financial details ofthe acquisition were not announced. According to OnTrak, LifeDojo's platform helps make "transformative life changes possible" for its member. Ontrak cited a Journal of the American Medical Association (JAMA) report. pointing at a possible "second wave" mental health surge as a result of the coronavirus