Thu.Jun 01, 2017

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Is your budget a forecast? When do you change mid-course?

Berkonomics

Hold it! These are confusing terms. When does a budget become obsolete? Do we rely upon constant changes and call it a forecast? So, let’s spend a few moments defining this sometimes-confusing set of terms. A budget should be created each year after a series of negotiations between departmental managers and their superiors all he way yup to the CEO, all in support of the next year’s tactics previously agreed upon (which in turn support the longer-term strategies leading to the next goal beyond)

Course 243
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Elon Musk To Cut Ties To Trump After Paris Decision

socalTECH

Technology billionaire Elon Musk said on Thursday that he is departing the President's various councils, after President Trump announced that the U.S. will leave the Paris Accord, the agreement among 143 countries to limit global temperature increases due to climate change to less than 2 degrees Celsius. Musk, who is behind such companies as SpaceX and Tesla Motors, had said earlier this week he would part ways with the President if the decision was made to leave the Paris Accord.

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Silicon Beach Report June 1: Musk Leaves Trump’s Advisory Councils

L.A. Business Journal

Musk leaves Trump’s advisory councils, uBeam demonstrates brick-sized wireless charger and acknowledges limitations, and League of Legends team valuation rise to at least $10 million.

Report 100
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Disney CEO Bob Iger Leaves Trump Council, Following Elon Musk

socalTECH

Disney CEO Bob Iger has resigned from President Trump's Business Advisory Council, as a result of Trump's withdrawl from the Paris Agreement. Iger said on Twitter that he was resigning "as a matter of principle", over the withdrawal. Iger joins Elon Musk, who also departed Trump's advisory group on Thursday after the move, which puts the United States among less than a handful of countries who have not signed on to help combat climate change.

Help 165
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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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ACG101's First Annual Emerging Growth Pitch Competition and Showcase

SoCal Tech Calendar

Wednesday, June 7, 2017 -- ACG101's First Annual Emerging Growth Pitch Competition and Showcase. On June 7th, we're showcasing 10 of Los Angeles's finest startups in an event you won't want to miss. These selected startups will pitch to attendees, guest judges (investors and seasoned entrepreneurs) in a showcase/demo table style presentation.

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LA Cleantech Incubator Gets $5M For New Program

socalTECH

The Los Angeles Cleantech Incubator (LACI) has just received $5M to fund a new initiative, called Energize California , to help boost clean technology startups. According to the LACI, the new effort is being funded with a $5M grant from the California Energy Commission, and will support new technologies and entrepreneurs in Santa Barbara, Ventura, Los Angeles, and Orange Counties.

Incubator 133

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March Capital Partners Backs SpyCloud

socalTECH

Los Angeles-based venture investor March Capital Partners is one of the investors in SpyCloud , a new startup in the cybersecurity market, focused on protecting businesses from data breaches. SpyCloud said this morning that it has raised $2.5M in a seed funding from Silverton Partners and March Capital Partners. The investment is one of several in the cybersecurity space for March Capital Partners, including investments in Crowdstrike and E8.

Capital 124
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A Venture Capitalist’s Take on Investing in Cannabis

Tech.Co

The cannabis industry has been filled with innovation and investment in recent years. With multiple states legalizing recreational and medical use across the country, investors big and small are hungry to get a piece of the action. However, federal laws still remain staunchly opposed to legal cannabis and there are more than enough politicians looking to keep cannabis from making an appearance in the market.

Invest 75
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SpaceX Scrubs ISS Launch Attempt, To Try Again Saturday

socalTECH

Hawthorne, California-based SpaceX scrubbed its resupply mission to the International Space Station on Thursday, due to weather, and will retry on Saturday, June 3rd. SpaceX had been attempting to launch the Commercial Resupply Services mission (CRS-11) for NASA at 5:55 p.m. EDT. The next launch time is Saturday, June 3 at 5:07 p.m. EDT (2:07 p.m. PT).

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Energy Leaders React to Trump’s Withdrawal From Paris Climate Accord

Xconomy

[ Updated 6/1/17, 3:47 pm PT. See below. ] President Donald Trump today announced the United States would withdraw from complying with what’s known as the Paris climate accord , a landmark international agreement to combat climate change. In December 2015, nearly all the countries in the world—195 of them—agreed to the pact, which aims to reduce emissions of greenhouse gases, which contribute to the warming of the planet.

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Donut Media Launches Agency, Donut Brand Studio

socalTECH

Los Angeles-based automotive, digital media publisher Donut Media said today that it has launched its own, internal content agency, called Donut Brand Studio. Donut Media said that Donut Brand Studio will provide full-scale, creative services operations to clients in the automotive sector, and will be led by its Chief Creative Officer, Ben Conrad, former GoPro head of motorsports media James Kirkham, and Jacob Agajanian and Andrew Laputka.

Media 113
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ViaSat Plans Satellite Launch Today

socalTECH

Carlsbad-based ViaSat said this morning that it is planning to launch a new satellite, the ViaSat-2 satellite, from Guiana today. The company said its satellite is scheduled for launch at 4:45 p.m. PDT. ViaSat's new Ka-band satellite will provide broadband services across North America, Central America, the Caribbean and a portion of northern South America, as well as the primary aeronautical and maritime routes across the Atlantic Ocean between North America and Europe.

Services 113
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Zenlayer Gets $10M For Software Defined Networking

socalTECH

Diamond Bar-based Zenlayer , a provider of software defined network and services, announced on Wednesday that it has raised $10M in a Series A funding round. The funding was led by F&G Venture, and also included NSFOCUS and other investors. Zenlayer, which is led by CEO and founder Joe Zhu, said the funding will to towards accelerating development of its platform and expanding its base of data centers, and in particular, towards hiring.