Mon.Dec 20, 2021

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5 Practices For Developing A World-Class Startup Team

Startup Professionals Musings

It takes an effective team to attract and serve a community in business these days. With real-time online reviews and feedback via the Internet, and instant relationships via social media, a voice from the top that is inconsistent with what is heard from the firing line defines a dysfunctional and noncompetitive company for today’s customer. Thus team makeup is the critical success factor.

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SkySafe Gains $30M More For Drone Defense

socalTECH

San Diego-based SkySafe, which develops drone defense and airspace security systems, has raised $30M in a Series B funding round, according to the company. The round was led by Kingfisher Investment Advisors, and also included Gaingels, Castor Ventures, plus Andreessen Horowitz. The company says it has now raised $45M in total. The company will use the funding for hiring, R&D, and expanded production.

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Yardi Acquires 42Floors.com

socalTECH

Santa Barbara-based Yardi announced this morning that it has acquired 42Floors.com, an online marketing platform for tenants and brokers. Financial details of the acquisition were not announced. Yardi announced that it has redsigned 42Floors to include a new, commercial property search engine featuring more than 320,000 listings nationwide across multiple verticals. 42Floors will become part of Yardi's CommercialEdge network of marketplaces.

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TeleSign To Go Public Via SPAC

socalTECH

Los Angeles-based TeleSign, which provides two factor authentication and other related services to businesses--which has been running as a unit of Belgian telecom firm Proximus--is going public via a SPAC, the companies said on Friday. The two said that TeleSign will be acquired by North Atlantic Acquisition Corporation (NAAC), in a deal worth $487M.

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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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Solotech Buys XR Studios For Virtual Reality

socalTECH

Los Angeles-based XR Studios, an agency specializing in augmented and virtual reality production, has been acquired by Solotech, a provider of audio, video, lighting, rigging, soft goods, control and collaboration solutions and services for the entertainment industry. Financial details of the acquisition were not annoucned. Solotech said it will use the acquisition to expand its virtual production services in LA, with a dedicated campus for "extended reality" efforts.

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Viasat Wins Contracts With US Navy

socalTECH

Carlsbad-based satellite communications services provider Viasat says it received two new contracts wih the U.S. Navy this morning. According to Viasat, the contracts came from the Navy Exchange Service Command (NEXCOM), to provide Wi-Fi, voice, and TV in Guam plus managed Wi-Fi in Poland. The win is an expansion of existing work that Viasat provides for Unaccompanied Housing (UH), Morale, Welfare and Recreation (MWR) facilities and Navy lodging facilities.

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