Fri.Apr 28, 2017

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Musk Reveals Multistoried Tunnel System Concept in Video

L.A. Business Journal

Elon Musk revealed a conceptual video of a multistoried tunnel system under the city of Los Angeles, which he aims to build with his startup Boring Co., at a TED conference in Vancouver, Canada, on Friday.

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Epic Sciences Raises $40M In Series D Funding

socalTECH

San Diego-based Epic Sciences has raised $40M in a Series D funding, for its cancer testing technology, the company announced Friday morning. According to Epic Sciences, the funding was led by Hermed Capital, and also included Altos Capital Partners, Domain Associates, Genomic Health, Pagoda Investment, Reach Tone Limited, RMI Partners, Sabby Capital and VI Ventures.

Funding 153
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Silicon Beach Report April 28: Musk Reveals Multistoried Tunnel System Concept in Video

L.A. Business Journal

Musk reveals multistoried tunnel system concept in video, Virgin Galactic’s Richard Branson noncommittal on SpaceShipTwo launch dates, and blue collar online job marketplace Work Today raises $1.1 million.

Report 113
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Qualcomm Expects Hit In Earnings From Issues With Apple

socalTECH

San Diego-based Qualcomm says that Apple is continuing to "improperly interfere" with its business, saying that Apple has been withholding payments to its contract manufacturers for royalties those manufacturers owe to Qualcomm, and has indicated that it will continue to do so until it resolves its dispute with Qualcomm. As a result of that action, Qualcomm revised its Q3 FY17 Estimates down from an earlier $5.3 billion to $6.1 billion in revenues, to a new estimate of $4.8 billion to $5.6 billi

San Diego 133
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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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LA CEOs presents: Drones ? Today, Tomorrow, The Future

SoCal Tech Calendar

Thursday, May 4, 2017 -- LA CEOs presents: Drones – Today, Tomorrow, The Future. This CEO and CFO only breakfast will focus on Drones and led by Dan Burton Founder and CEO of DroneBase, the world's leading drone services company with 15,000+ commercial drone flights in over 40 countries. Dan was an early user of military and commercial drone systems, serving as a Marine Infantry Officer in Iraq and Afghanistan and building / piloting commercial drones starting in 2012.

Services 100
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Work Today Finds $1.1M For Labor Marketplace

socalTECH

Santa Monica-based Work Today , a startup that has launched an online, labor marketplace targeted at blue collar workers, has raised $1.1M in a seed funding round, the company is announcing this morning. The funding came from Mucker Capital, Social Capital, Hone Capital (formerly CSC Venture Capital), E-Merge, and GAN Ventures. Work Today is led by Joe Nigro, who previously had been at HomeHero and Handy.

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Mashable: Soylent Needs A Rebrand, Fast

socalTECH

Los Angeles-based Soylent , which is developing alternative nutrition products aimed at eliminating the need to eat normal food--and which is a favorite of techies and gamers-- is in need of a rebrand , according to Mashable. The call for a rebrand comes as the company faces yet another recall on its products, this one a major safety recall involving accidental inclusion of whey in what should be a dairy-free product--a potentially life threatening issue for those allergic to dairy products.

High Tech 100
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Ethnic Banks Say Tech Now Speaks to Customers

L.A. Business Journal

Ethnic banks once focused on immigrant customers invest in connecting with the next generation.

Custom 100
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Del Mar Electronics and Manufacturing Show

SoCal Tech Calendar

Thursday, May 4, 2017 -- Del Mar Electronics and Manufacturing Show.

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7 Key Steps From a Million Dollar Idea To a Business

Startup Professionals Musings

Based on my own experience as a startup investor, and feedback from like-minded friends, we all get pitches for at least ten startup ideas for every one new business plan. New business founders need to remember that investors fund business implementations, not ideas. In fact, investors will tell you that ideas are worth nothing, outside the context of a real team with a real plan.

Ideas 74
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Bio Roundup: Trumpcare Flails, Spinraza Sales, Batten OK & More

Xconomy

To judge the first 100 days of a new administration is, as many pundits have pointed out, an odd vestige of history, more convenient than significant. Which is why we’ll start this week’s roundup with our 99-day evaluation of the Trump administration—at least when it comes to healthcare and the life sciences. In healthcare, nothing the administration has done is starker than its failure so far to repeal and replace the Affordable Care Act, a.k.a.

Sales 59