L.A. Business Journal

NOVEMBER 8, 2021

When Roger Caneda discovered Whatnot Inc. in January, selling trading cards was just a side hustle.

278

278

Startup Professionals Musings

NOVEMBER 8, 2021

Until the recession a decade ago, market research indicated that as many as 90 percent of the roughly 20 million American small business owners were motivated more by lifestyle than growth and money. More recently, the desire for extra income has become the key driver in new startups, according to the popular press. It seems that more people are focused on money today.

Entrepreneur 148

Entrepreneur Startup Equity Course 148

L.A. Business Journal

NOVEMBER 8, 2021

Santa Monica-based PatientPop Inc. will merge with health care IT firm Kareo Inc., forming a new company called Tebra.

Santa Monica 147

Santa Monica Company Companies 147

socalTECH

NOVEMBER 8, 2021

Carpinteria-based Procore Technologies, which develops construction management software, said last week that it has completed its previously announced acquisition of Levelset. Procore paid approximately $500 million, consisting of approximately $425 million in cash, subject to customary adjustments for working capital, transaction expenses, cash and indebtedness, and approximately $75 million in Procore common stock for Levelset.

Acquisition 113

Acquisition Software Capital Technology 113

Advertiser: Aggregage

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.

Company

socalTECH

NOVEMBER 8, 2021

Santa Monica-based Bird, which provides micro-mobility services based on both scooters and bicycles, is now trading publicly on the NYSE, after a merger with a special purpose acquisition company (SPAC) on Friday. Bird is now trading as BRDS. The company closed out its first day of trading on Friday at $8.40 per share. Bird merged with Switchback II in its SPAC effort.

Santa Monica 113

Santa Monica Acquisition Mobile Services 113

socalTECH

NOVEMBER 8, 2021

Irvine-based physical therapy device maker Hyperice, which develops a therapeutic device aimed at athletes, says it has added a slew of new celebrity athletes to its list of investors this morning. According to the company professional golfer Rory McIlroy, Formula One (F1) driver Daniel Ricciardo, NHL player Connor McDavid, NBA player Klay Thompson and NBA player Jayson Tatum have joined its slate of investors.

Invest 113

Invest Develop Development Company 113

socalTECH

NOVEMBER 8, 2021

Santa Barbara-based manufacturing and supply chain software maker QAD is now officially a private company again, after an acquisition by private equity investor Thoma Bravo. According to Thoma Bravo, the deal was worth approximately $2 billion in cash. The go-private deal was originally announced on June 28th. Thoma Bravo is paying $87.50 per share of QAD stock to shareholders, with the deal pulling QAD off the Nasdaq.

Acquisition 100

Acquisition Santa Barbara Equity Software 100