Thu.Mar 25, 2021

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Closing on $103M, MaC VC is changing the face of venture capital

TechCrunch LA

The partners at MaC Venture Capital , the Los Angeles-based investment firm that has just closed on $103 million for its inaugural fund, have spent the bulk of their careers breaking barriers. Formed when M Ventures (a firm founded by former Washington DC mayor Adrian Fenty); the first Black talent agency partner in the history of Hollywood, Charles D.

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Switching costs: A competitive advantage?

Berkonomics

We know that one of the ways we hold onto our customers is if there are high switching costs to move away to a competitor. But how about the other side of the coin? Do you have an estimate of the cost for a potential customer to switch to your side? And are you prepared to help with concessions if needed? Here’s important homework for your marketing effort.

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MaC Venture Capital Launches $103M Seed Fund

socalTECH

Los Angeles- and Palo Alto-based MaC Venture Capital has launched a new, $103M seed stage investment fund today, saying it plans to invest in technology startups across the fintech, e-commerce and marketplaces, interactive media, connectivity, enterprise SaaS, space and aerospace, logistics, and other sectors. The firm said it is majority Black-owned, and will employ cultural investment framework, using business and consumer trend research to identify companies that are "leveraging shifts in cul

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7 Tough Leadership Challenges Gauge Your CEO Ability

Startup Professionals Musings

As a business advisor, I often talk to business professionals who are critical of their CEO, and are convinced that they could do the job better. Yet I suspect that few of you have seriously thought about the scope of problems that every CEO must face, and what capabilities are the key to success, whether your company is a small startup, or a multi-billion multi-national conglomerate.

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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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R/GA Launches Coalition Venture Studio

socalTECH

R/GA, the firm that was behind the Dodgers Accelerator, has launched a new startup venture studio aimed at helping Black-led and Black-owned startups, the firm said on Thursday. R/GA said the new Coalition Venture Studio will support Black founders with expertise, resources, funding, connections, and education. The effort is being supported by the Dodgers and Elysian Park, as well as Andreessen Horowitz's TxO Initiative, Harlem Capital, Collab Capital, Ohub, Mac Venture Capital and Gingerbread C

Education 113
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Small Luxury Homes: How to Afford Your Dream Home

AllTopStartups

When you imagine your dream home, what does it look like? Is it a modern and rustic mansion nestled amongst the cliffs? A massive brick estate with a pool and… The post Small Luxury Homes: How to Afford Your Dream Home appeared first on AllTopStartups.

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Pepperdine University Most Fundable Companies Competition

SoCal Tech Calendar

Wednesday, March 31, 2021 --.

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Bagover Targets Luxury Handbag Resales

socalTECH

Calabasas-based Bagover has launched a new, e-commerce website for selling and buying used luxury handbags, saying that it will offer up a curated line of what it calls "pre-loved and vintage" handbags. The new startup, led by founder Sara David, says it will offer a new way for luxury handbag fanatics to shop with a purpose. Bagover says it will donate a minimum of 2 percent of its profits to women's shelters across America.

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BQE Software Scores Private Equity Funding

socalTECH

Torrance-based BQE said on Wednesday that it has received a "significant investment" from private equity investor Serent Capital. Financial details of the investment were not announced. Serent Capital is a private equity investor that invests in technology and tech-enabled software companies. BQE develops time billing and project management software for engineering and professional firms, including the architecture industry.

Equity 113
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Chipotle Invests In Autonomous Delivery Robot Maker Nuro

socalTECH

Newport Beach-based Chipotle Mexican Grill said this morning that it is making an investment in autonomous delivery robot maker Nuro, as part of Nuro's Series C funding round. Chipotle did not say how much it is investing in Nuro. According to Chipotle, the investment is the first significant investment in a third-party technology company it has made since Chairman and CEO Brian Niccol was appointed in 2018.

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