Mon.Oct 29, 2018

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Loot Crate To Debut New Subscription Box On Amazon

socalTECH

Los Angeles-based subscription box service Loot Crate has inked a deal to bring a new subscription box to Amazon's Subscription Box Store , the company said last week. According to Loot Crate, it will debut a new subscription box for pop culture fans on Amazon, beginning in November. Amazon said its curated collection of "fan-favorite TV shows, movies, and games" will feature more than four items, and has over a $45 value.

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Silicon Beach Report October 29: Hyperloop Plans Abu Dhabi Track

L.A. Business Journal

Axiomatic gets Jordan investment; Hyperloop Transportation Technologies sets 2019 construction target; $2 million for Santa Monica solar firm

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Yardi Wins Canadian Property Owner

socalTECH

Santa Barbara-based property management software developer Yardi has signed up Canadian property owner Mainstreet Equity Corp., the company said last week, to help Mainstreet Equity manage its multifamily properties across Western Canada. Financial details of the win were not announced. According to Yardi, Mainstreet Equity Corp. will use Yardi Voyager for property management and accounting, and its Yardi Multifamily Suite for marketing, leasing, maintenance, procurement and invoice and payment

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No Pipeline Problem: Backstage Capital’s Detroit Plans Spark Excitement

Xconomy

In September, Backstage Capital , a venture investment firm seeding early-stage startups led by women, people of color, and members of the LGBTQ community, launched a $36 million fund to help support black women founders. At the same time, managing partner Arlan Hamilton said the Los Angeles-based firm would run accelerators in four cities: London, Philadelphia, Los Angeles, and a fourth city that would be determined by a public vote.

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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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Genoptix Acquired By NeoGenomics

socalTECH

San Diego-based Genoptix , a clinical oncology laboratory that specializes in. hematology and solid tumor testing was acquired by Florida-based NeoGenomics , the firms said last week. The deal was worth $125M in cash plus 1 million shares of NeoGenomics common stock, or approximately $139M. NeoGenomics is a provider of genetic testing services, focused on cancer diagnostics.

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Stantt CEO Thinks Its Approach to Selling Men’s Wear Fits Just Right

Xconomy

Stantt wants to make standard sizing anything but. “Traditional sizing only fits 15 percent of guys,” says Matt Hornbuckle, the startup’s founder and co-CEO. “Twins come in and get different sizes.” To connect guys with a shirt that fits well, the men’s wear startup created a database of “tens of thousands” of body scans. That information was then used to develop a proprietary algorithm called DataFit that has resulted in 99 different shirt sizes.

Startup 56

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Effective Marketing Today Begins With A Conversation

Startup Professionals Musings

As a long-time advisor to small businesses and startups, I still find many who think marketing is still primarily broadcasting your message to as many customers as possible, hitting them again and again, until it sticks. They don’t realize that customers today are looking for relationships, meaning two-way conversations with your business. They ignore all else as just plain noise.

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HyreCar Names COO

socalTECH

Los Angeles-based car sharing marketplace HyreCar , which focuses on providing vehicles to drivers in the on-demand transportation and rideshare market, announced this morning that it has named a new COO. According to the company, it has named Henry Park as its Chief Operating Officer, focused on improving its end-to-end user funnel, streamlinining its rideshare insurance claims process and optimize customer service.

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Montrose Environmental Group Gets Funding From Oaktree

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Irvine-based environmental services company Montrose Environmental Group said Friday that it has received an investment from private equity investor Oaktree Capital Management. Size of the investment was not disclosed by the company. According to Montrose Environmental, Oaktree will provide the company with strategic support and capital, to expand its footprint.

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eHarmony Acquired By ProSiebenSat.1

socalTECH

Los Angeles-based online matchmaking site eHarmony has been acquired by German company ProSiebenSat.1 , ia an acquisition by ProSiebenSat.1 subsidiaries The NuCom Group (NCG) and PARSHIP ELITE Group (PEG). According to ProSiebenSat.1, the acquisition of eHarmony will help it expand its Commerce segment internationally. Financial details of the acquisition were not announced by the companies.

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