Berkonomics
NOVEMBER 19, 2020
Remember when? Back when we were all trying to figure out the real value of traffic on the web, investors – and acquiring companies – got a bit crazy with metrics used to value acquisitions and investments. Since in most cases, there was no revenue in many of these companies, all trying to gain market share at any cost, we had to invent the metric to use.
socalTECH
NOVEMBER 19, 2020
Los Angeles-based virtual reality startup Wave has scoreds an investment from Chinese company Tencent Holdings , as part of a partnership to bring Wave's animated concert technology to companies in China, the two said on Thursday. Financial details of the minority investment were not announced. According to the companies, Tencent Music will gain the right to air Wave's concerts, which allows avatars to interact with those concerts, and which also stream to YouTube, Twice, Facebook, TikTok, and T
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socalTECH
NOVEMBER 19, 2020
Calabasas-based audio technology developer DTS , which is a subsidiary of Xperi Holding Corporation, said today that it has added song lyrics from LyricFind to its DTS Connect Radio service. Financial details of the deal were not announced. The DTS Connected Radio service provides both over-the-air radio and in-vehicle content, and offers up the ability for lyrics display and search, synchronized lyrics for what it calls "in-cabin sing-along", translation of lyrics, and more; those services are
socalTECH
NOVEMBER 19, 2020
Pasadena-based Green Dot is powering a new banking offering from Google Pay , called Plex Accounts , which will allow Google Pay customers to open up and manage a FDIC-insured digital bank account through the app, the company said today. Financial details of the deal were not announced. According to Green Dot, the new Google Pay offering will roll out sometime in 2021.
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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.
socalTECH
NOVEMBER 19, 2020
Long Beach-based Rocket Lab is attempting another launch today, at 5:44pm PST, from its launch site in New Zealand. The mission, "Return to Sender", will include the first attempt to recover the first stage booster of the company's rocket, which would enable it to lower the costs of launching payloads. The company is webcasting the launch online. Only SpaceX has the capability to re-use its rockets today, allowing SpaceX to significantly undercut the traditional costs of getting a payload to orb
socalTECH
NOVEMBER 19, 2020
Los Angeles-based online electronics retailer Newegg is teaming up with a group to make it easier for people to donate their gently used items to charity. According to Newegg, it has launched a partnership with Give Back Box , so that its customers can repack their Newegg shipping boxes with household products they no longer need, and ship them to a local charity free of charge.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
NOVEMBER 19, 2020
Culver City-based Encantos , an edtech startup which helps kids with literacy, learning skills, and life skills, has raised $5.7M in a new funding round, the company announced this morning. The funding was led by Precursor Ventures, and also included Angeles Ventures, Concrete Rose Capital, Metrodora Ventures, Next Play Ventures, Portfolia's Rising America Fund, and Revolution's Rise of the Rest Seed Fund, along with angels Patty Arvielo (New American Funding), Spencer Rascoff (former Zillow CEO
socalTECH
NOVEMBER 19, 2020
Los Angeles-based Sound Ventures , the venture capital fund run by Ashton Kutcher and Guy Oseary, is looking to raise a third fund, worth $150M, according to a regulatory filing by the company. According to the filing, the fund's managing directors are Effie Epstein, Ashton Kutcher, and Guy Oseary, and so far has no limited partners signed up for the new fund.
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