Thu.Feb 20, 2020

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How about personal guarantees for company debt?

Berkonomics

Is the guarantee still required today? More than ever, the banks and lenders today require personal guarantees from entrepreneurs, and even from CEO’s of angel or some VC funded businesses. Starting and running a small or growing business can be a challenge to the most confident and optimistic entrepreneur. And the process of borrowing money or financing asset purchases can be an eye-opener for those who are not used to today’s lender and seller aversion to grant easy credit.

Company 156
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SpaceX alumni are helping build LA’s startup ecosystem

TechCrunch LA

During the days when Snapchat’s popularity was booming, investors thought the company would become the anchor for a new Los Angeles technology scene. Snapchat, they hoped, would spin-off entrepreneurs and angel investors who would reinvest in the local ecosystem and create new companies that would in turn foster more wealth, establishing LA as a hub for tech talent and venture dollars on par with New York and Boston.

SpaceX 173
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Uber Closes Downtown Office, Lays Off 80

L.A. Business Journal

Ride-hailing company Uber Technologies Inc. closed a customer support office downtown and laid off roughly 80 employees.

Custom 147
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Amazon Starts Selling Used Bird Scooters

socalTECH

Tired of using public, on-demand scooters? Want your own Bird scooter? Amazon has apparently started selling used Bird scooters on its website today, through the "Amazon Renewed" program. The scooters--Bird's ES1-300--are also available new, however, the used versions are being sold for just $289.99. A new, "Bird One" scooter purchased directly through Bird will set users back by $1299.00.

Demand 113
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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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SoCal Startup Day

SoCal Tech Calendar

Wednesday, February 26, 2020 -- SoCal Startup Day. We are proud to announce the first annual SoCal Startup Day. We will have a jam packed day of festivities, exhibitors, investors, keynotes, fireside chats, activites, food trucks and cocktails, and the biggest startup event Orange County has ever seen! If you are looking to network and connect with Southern California's top startups, seeking funding, or just curious about the startup community, this is the event for you.

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Tocagen, Forte Biosciences In Merger

socalTECH

San Diego-based Tocagen , which develops cancer-selective gene therapy aimted at treatking skin cancer, and Torrance-based Forte Biosciences , a biopharmaceuticals firm developing a live biotherapeutic for the treatment of inflammatory skin diseases, said on Wednesday that the two are in an agreement where Tocagen will merge with Forte in an all-stock transaction.

Torrance 113

More Trending

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SmartBug Media Gets Private Equity Investment

socalTECH

Irvine-based SmartBug Media , a marketing agency which helps businesses with lead generation, has received a private equity investment from American Discovery Capital (ADC). Financial details of that investment were not announced. According to SmartBug Media, the two have formed a strategic partnership, and will use the funding to accelerate its growth.

Equity 113
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ServiceTitan Links With Garage Door Manufacturer

socalTECH

Los Angeles-based ServiceTitan is providing integration of its platform with garage door manufacturer and supplier Clopay, the company said this week. According to ServiceTitan, the integration allows garage door sales and service technicians to easily configure and present quotes and track and process Clopay doors. Financial impact of the win was not announced.

Sales 100