Thu.Jun 17, 2021

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Alliance For SoCal Innovation Aims To Connect Startups, Venture Capital

socalTECH

The Alliance for Southern California Innovation said on Thursday that it is launching a new program, the SoCal Venture Pipeline. According to the company, the new program will provide companies that have demonstrated clear market traction and provides targeted introductions to venture funds. The program is being funded by Silicon Valley Bank, with additional program support from Wilson Sonsini Goodrich & Rosati and KPPB, LP.

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Three qualities of a great leader

Berkonomics

There are lots of ways to measure a great leader. Here are three that should resonate with you as leader and with those who follow you. These qualities are applicable whether you are leading your company, a board, or a group of people – and certainly are aspiration targets for you if you are measuring yourself against the best. The first quality in a great leader is to have laser focus. .

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Snapchat Drops Speed Filter

socalTECH

Venice-based Snap, the parent company of Snapchat, has pulled a controversial filter, which had been accused of encouraging reckless driving. The "speed filter" had allowed users to capture how fast they were moving. The company has faced a number of lawsuits from families of users who had been injured or killed in car crashes, claiming the filter had resulted in those accidents.

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Viterbi Startup Garage: Oceanside Chat: CleantViterbi Startup Garage: Oceanside Chat: Cleantech 2.0ech 2.0

SoCal Tech Calendar

Wednesday, June 23, 2021 -- Viterbi Startup Garage: Oceanside Chat: Cleantech 2.0: What Every Entrepreneur Needs To Know. Who: Aaron Fyke (Founder and Managing Partner of Thin Line Capital). What: Energy/Sustainability, Greentech, Cleantech, Climatetech - these are all names attempting to group together the multi-trillion dollar opportunities that deal with our energy system, our built infrastructure, and our global economy, as it moves to a low-carbon and more sustainable future.

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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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Canoo Plans EV Factory in Oklahoma

socalTECH

Los Angeles-based Canoo, which is developing electric vehicles, says it plans to build a factory in Oklahoma. The company says it expects to employ up to 2000 workers at the location. The plans were disclosed in a presentation to investors by Canoo CEO Tony Aquila. Canoo--which has yet to deliver any vehicles--recently went public via a merger with a special purpose acquisition company (SPAC).

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Tyvak Satellite Starts Delivering Images

socalTECH

Irvine-based satellite developer Tyvak said this morning tht its Tyvak-0130 satellite has been successfully been delivering thousands of images taken from orbit. According to the company, the satellite--launched as a rideshare on May 15th on a SpaceX Starlink mission--the company has completed in-orbit system checkout and commissioning of its Tyvak-0130 satellite, and has transmitted over 4,000 pictures back to earth.

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Clearlake Capital Buys Confluence Technologies

socalTECH

Santa Monica-based private equity investor Clearlake Capital said this morning that it is acquiring Confluence Technologies, a developer of software which is used by the investment industry to automate business processes at asset managers and service providers. Financial details of the acquisition were not announced. Confluence Technologies was owned by another private equity investor, TA Associates.

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Hydrosat Scores $5M

socalTECH

Hydrosat, a space startup which got its start out of the Techstars Starburst Space Accelerator in Los Angeles, has raised $5M in a funding round, the company disclosed this morning. The funding was led by Cultivation Capital's Geospatial Technologies Fund, and also included Freeflow Ventures, the Yield Lab, Expon Capital, Techstars, Industrious Ventures, Synovia Capital, and the University of Michigan.