Mon.Aug 12, 2019

Loot Crate Files Bankruptcy, Plans to Sell Assets

L.A. Business Journal

Loot Crate Inc., which sells subscription boxes of pop culture apparel and collectibles, filed for Chapter 11 bankruptcy protection Monday

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Video Interview: Brand Caso, Meshcandy

socalTECH

Our interview todays is with Brand Caso , the Chief Technology Officer and Co-founder of Meshcandy (meshcandy.com) developing mesh devices specifically for the health care industry, used for automate the measuring information at health care sites. READ MORE>>.

6 Keys To Convince Investors Of Your Competitive Edge

Startup Professionals Musings

Most entrepreneurs are quick to assert to potential investors that their product or solution will kill the competition, but unfortunately your opinion alone is not enough to convince most experienced investors.

GroundMetrics Gets $7.5M More In Funding

socalTECH

San Diego-based GroundMetrics , a startup that develops electromagnetic oil and gas surveying technology, has raised nearly $7.5M in a funding round, with a target of $8.45M, according to a regulatory filing from the firm. According to the filing, approximately $6.9M of the funding was related to conversion of debt into shares of capital stock. Details on the funding have not yet been announced.

SuperMoney Reaches $2 Billion In Loan Requests

socalTECH

Santa Ana-based SuperMoney , a startup which lets users evaluate loans and financial services, has just reached $2 billion in loan requests, according to the company. SuperMoney, led by founder and CEO Miron Lulic, says it just reached $2 billion in loan requests through its multi-lender marketplace. SuperMoney's online site provides content about everything from mortgages to credit cards, to debt and refinancing.

Interview with Vanessa Dawson, The Vinetta Project

socalTECH

The Vinetta Project (www.vinettaproject.com), a group which is focused on helping to accelerate the growth of female-led startups, announced a few weeks ago that it is working with P&G Ventures, the internal "startup studio" of Procter and Gamble on an effort to help female-led companies in Los Angeles. We caught up with Vanessa Dawson , the CEO of The Vinetta Project, to learn more about the group and what it's doing with P&G Ventures. What is The Vinetta Project?

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TP-Link Abandons HomeKit Plans For Kasa Smart Plug Mini

socalTECH

Brea-based electronics manufacturer TP Link has abandoned plans to support Apple HomeKit it its Kasa Smart Plug Mini, its "smart plug" which can turn on-and-off outlets in your home remotely. The change in plans was reported by a user on Reddit , who discovered the change in a company support FAQ. Details on the change in plans have not been announced by TP-Link. The company announced it would support HomeKit in January at CES.

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Skyworks Gets Design Win With Nordic Semiconductor

socalTECH

Irvine-based analog semiconductor developer Skyworks has scored a design win with Nordic Semiconductor , a developer of wireless communications products, the company announced this morning. Skyworks said its family of fully-integrated front-ends, plus their multi-protocol system-on-chip (SoC) for Bluetooth Low Energy (LE) and Bluetooth 5 are being used by Nordic for its internet-of-things (IoT) devices. Shipment volumes and financial impact of the win were not announced. READ MORE>>.

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Biovie Looks To NASDAQ

socalTECH

Los Angeles-based BioVie , a biotech company developing treatments for liver cirrhosis, is looking to a public offering on the NASDAQ Capital Market, saying that it is offering up 1,311,189 shares of its stock on the NASDAQ Capital Market as BIVI. The company previously traded over-the-counter (OTC). The company's offering is being managed by ThinkEquity.

Report: Ring Encouraged Users To Report Their Neighbors For Free Stuff

socalTECH

Los Angeles-based Ring , the developer of Internet-connected doorbells and security cameras, reportedly told people to report "suspicious activity" in their neighborhood in exchange for free "swag bags", according to Motherboard. Motherboard--citing an internal company slide presentation from Ring--said people were encouraged to report on their neighbors in exchange for discount codes and "swag" from Ring, after creating a new "Digital Neighborhood Watch" program.

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