Thu.Aug 13, 2020

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Decoding and learning from a business failure

Berkonomics

Have you experienced a business failure? Are you currently at risk due to events you cannot control? Not all companies are successful. Your end game could be a failure of the business. In fact, many angel investors or venture capitalists look for and respect the lessons learned by entrepreneurs that have survived a failed business. The key question is: Why did an entrepreneur fail?

Startup 156
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ViewSonic Donates 300 Raspberry Pi Clients To Boys and Girls Clubs

socalTECH

Brea-based display products manufacturer ViewSonic has donated 300, Raspberry Pi thin clients to the Los Angeles County Alliance for Boys and Girls Clubs, the company said this week. According to the company, the donation is aimed at providing technology resources for programs such as STEM and STEAM labs, SCALE-UP classrooms, robotics workshops and esports clubs.

Resource 124
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Micronoma Finds $3M For Early Cancer Detection

socalTECH

San Diego-based Micronoma , a startup working on early cancer detection, announced this morning that it has raised $3M in a seed financing round. The funding was led by SymBiosis, LLc. According to the company, it will use the funding to further advance its cancer detection technology. Micronoma said it is working on developing and commercializing a minimally invasive, microbiome-based method of early cancer detection.

San Diego 124
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Watertower Ventures Raises $50M More

socalTECH

Los Angeles-based venture investment firm Watertower Ventures disclosed on Thursday that it has raised $50M in a funding round, for the firm's second fund. The firm is led by Derek Norton and Jeremy Milken. The second fund is a large boost from the firm's initial fund, which was only $5M. Watertower Ventures had raised that last fund back in March of 2017.

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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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Lyft Joins Uber In Threat To Suspend Operations

socalTECH

On demand ride service Lyft has joined Uber , in saying it may be forced to suspend its operations in California, after a judge ruled that both Uber and Lyft must abide by Assembly Bill 5 (AB5). According to Lyft President Josh Zimmerman on its earnings call on Wednesday , Lyft would have "no choice" but to suspend its California operations, saying that California voters can "vote yes on Prop 22".

Demand 113
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Omaze Raises $30M In Series B

socalTECH

Los Angeles-based Omaze , which operates an online fundraising platform for charities, has raised $30M in a Series B funding round. The funding was led by FirstMark Capital, and also included Causeway Media Partners, BDMI, Tusk Ventures, Inherent Group, Gaingels, Penni Thow's Copper and Guy Oseary. According to Omaze, it will use the funding to expand its "experience categories" and accelerate international growth.

.Net 113
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Sesh Gets $1.6M

socalTECH

Beverly Hills-based Sesh , a startup which is developing artificial intelligence software, said on Wednesday that it has raised $1.6M in a funding round. The "pre-seed" funding came from angel investors, including Behzad Kianmahd, co-founder of TAU Ventures and Kyle Schlotman, Connetic Ventures and Radest Ventures. The company says it is uses artificial inteligence to understand the emotions of people on video.