L.A. Business Journal

FEBRUARY 5, 2021

Ladera Heights-based defense contractor LinQuest Corp. received a five-year contract from U.S. Space Force worth $500 million.

299

299

socalTECH

FEBRUARY 5, 2021

San Diego-based Launch Factory a new "venture studio" which is looking to recruit entrepeneurs to help it launch vetted business concepts, recently raised $2.5M in funding, according to the group. The funding came from a number of angels, including Broadway Angels, San Diego Venture Partners, and TI Platform Management. According to the startup studio it plans to use the funding to launch four new startups in San Diego, investing $300K in seed capital in each of those companies.

San Diego 145

San Diego Incubator Funding Platform 145

Startup Professionals Musings

FEBRUARY 5, 2021

Most aspiring entrepreneurs understand that you can’t build a business if you won’t commit to delivering a product or service, but many are hesitant or refuse to commit to any financial forecasts. Yet every business requires revenue and volumes, as certainly as it requires a product to sell. Thus, financial projections for up to five years are a necessary element in every business plan.

Startup 147

Startup Pricing Sales Statistics 147

socalTECH

FEBRUARY 5, 2021

Universal Music Group has pulled all of the music from its catalog from Los Angeles-based social app developer Triller, claiming that Triller has withheld payments owed to the label's artists, and refuses to negotiate a license with the company. Universal Music Group represents a large number of artists, including such artists as Eminem, Drake, and others.

Los Angeles 113

Los Angeles Platform Report Angel 113

Advertiser: Aggregage

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.

Company

socalTECH

FEBRUARY 5, 2021

Santa Monica-based Cornerstone OnDemand, which provides employee development tools and online learning management, says it has integrated with Microsoft's new Viva software. Viva, Microsoft's new "employee experience" software, is aimed at connecting remote workforces with communications, learning, knowledge sharing, and other features. According to Cornerstone OnDemand, both Cornerstone Learning and Saba Cloud will be integrated in the new Microsoft Viva Learning app.

Cornerstone OnDemand 113

Cornerstone OnDemand Software Santa Monica Course 113

socalTECH

FEBRUARY 5, 2021

Los Angeles-based car sharing marketplace HyreCar, which provides access to cars for drivers int he ridesharing, food, and package delivery services business, says it expects to raise $25.85M in a public offering of the company's stock, which priced on Wednesday evening. The publicly traded company, which trades as HYRE on the NASDAQ, said it was offering up 2,200,000 shares of its company at $11.75 per share.

Pricing 113

Pricing Los Angeles Sales Capital 113

socalTECH

FEBRUARY 5, 2021

Pasadena-based Green Dot Corporation, the operator of prepaid Mastercard, online and mobile banking, and other related businesses, has named Gyorgy Tomso as the company's Chief Technology Officer. Tomso was most recently Chief Operations Officer for fintech payments technology provider PayU. Prior to that, he served at Sia Central Europe. He also served at Euronet Worldwide, where he was for 14 years, serving as Chief Information Officer.

Chief Technology Officer 113

Chief Technology Officer Pasadena Mobile Technology 113

socalTECH

FEBRUARY 5, 2021

Los angeles-based sell-side advertising platform operator Magnite announced this morning that it has agreed to acquire SpotX, a video advertising platform provider, in a deal worth $1.17 billion in cash and stock. Magnite is acquiring SpotX from RTL Group. Magnite says the combined companies would have a full year, 2020 non-GAAP net revenue of $350 million.

Electronic Arts 100

Electronic Arts Hulu Advertising .Net 100