Thu.May 21, 2020

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Aspiration, the LA-based fintech focused on conscious consumerism, raises $135 million

TechCrunch LA

When former Bill Clinton speechwriter and political wunderkind Andrei Cherny launched Aspiration four years ago , the upstart fintech startup was one of Los Angeles’ early entrants into a financial services market dominated by players from Europe and the financial capital of the U.S. in New York City. Fast forward four years and the big New York fintechs are still around, but Cherny’s Aspiration remains undimmed and has today disclosed a $153 million funding round to get even bigger

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Let’s talk about whistle-blowers

Berkonomics

Assuming that a corporate whistle-blower is not tooting about you individually, such a class of people have been granted protections under the law and serve a function that needs to be acknowledged. Motive of the whistle-blower. First, the assumption is that such a person is not making his or her gesture for personal profit, but to give proper notice that there is something illegal going on within the company that the person cannot accept and must tell someone about.

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Saalex Acquires Arctic MSP

socalTECH

Camarillo-based Saalex Information Technology (SaalexIT), a provider of managed services, says it has acquired Eugene, Oregon-based Arctic MSP. Financial terms of the acquisition were not announced. Saalex said the deal will expand its footprint in its western region. SaalexIT said it also recently acquired Scottsdale, Arizona-based Valeo Networks. Arctic MSP offers up cybersecurity, cloud, and compliance services; SaaletIT said that it will continue to run Arctic MSP as its own brand, based out

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CARES Act w/Moss Adams

SoCal Tech Calendar

Wednesday, May 27, 2020 -- CARES Act w/Moss Adams. CONNECT. Get key information regarding the Coronavirus Aid, Relief, and Economic Security (CARES) Act in this Webinar presented by Moss Adams Partner in Charge, Gerardo Godinez and Tax Senior Manager, Desiree Klassen. See [link].

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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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Section 32 Names New Execs

socalTECH

San Diego-based venture capital fund Sectoin 32 says it has made a number of key appointments, as it expands its human resources, staffing, and communications efforts. According to Section 32, it has named Sarah Larson as Chief People Officer; Alice Cheung as Head of Talent; Kenzo Fong Hing as Advisor; Claire Stapleton as Writer in Residence; Kimberly Shih as Talent Specialist; and Anna Bullard as Executive Assistant.

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The Mindset of an Investor Today: A Webinar Series with Arlan Hamilton

SoCal Tech Calendar

Wednesday, May 27, 2020 -- The Mindset of an Investor Today: A Webinar Series with Arlan Hamilton, Founder and Managing Partner, Backstage Capital. Join Peter Cowen (Managing Director, Sutton Capital Partners) as we explore what investors are looking for in the current climate. Presented by Sutton Capital Partners and the Recurring Revenue Conference.

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Modern Trust Launches Online Estate Planning Service

socalTECH

Los Angeles-based Modern Trust said this morning that it has launched a new online site to help people create and maintain living trust and estate planning documents. The startup, led by Daniel Hales, said it is tackling the time-consuming, tedious and expensive process of creating a trust and dealing with estate planning, which the company says has traditionally involved numerous in-person meetings with lawyers, advisors and lots of paperwork and paper documents.

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K1 Investment Management Sells San Diego's FMG Suite

socalTECH

Los Angeles-based private equity investor K1 Investment Management said this morning that it has entered into an agreement to sell San Diego-based FMG Suite to another private equity ivnestor, Aurora Capital Partners. Financial terms of the deal were not announced. FMG Suite is a developer of cloud-based marketing automation software specifically for financial services professionals and advisors.

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Virgin Orbit Plans Demonstration Mission This Weekend

socalTECH

Long Beach-based Virgin Orbit is planning a demonstration launch of its small satellite delivery vehicle this weekend, saying it is hoping to launch a satellite into space on Sunday, May 24th at 10 AM PT. The launch--which will be made from the Mojave Air and Space Port is intended to put the LauncherOne rocket into space, launched from Virgin Orbit's modified 747 launch platform.