Wed.Dec 18, 2019

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5 Pivotal Decisions That Define A Great Entrepreneur

Startup Professionals Musings

Most aspiring entrepreneurs are convinced that the strength of their initial idea somehow defines them as a leader, as well as the success potential of their derivative business. In my experience, it’s a lot more complicated than that. It takes leadership ability, as well as a good idea, to make a successful entrepreneur, and great leaders evolve from key leadership decisions along the way.

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Snagging Pearson’s AR assets and $1 million in cash, GIGXR is ready for its close up

TechCrunch LA

Meet GIGXR , the new owner of all of the assets of Pearson Immersive Learning Group , a subsidiary of the education and media publishing giant, Pearson. Formed specifically to roll up Pearson’s virtual and augmented reality assets, GIGXR is helmed by David King Lassman, the founder of streaming media company Vyclone and the Southern Californian venture capital firm White Hart Ventures.

Training 100
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Sony's Michael Lynton Backs Jumpstart

socalTECH

Michael Lynton , the LA-based angel who is Chairman and CEO at Sony Pictures, and also chairman of Snap, Inc., is one of the backers in a new startup focused on workforce diversity. According to Jumpstart , it raised $8.5M in a Series A funding round, which was led by Sequoia Capital, and also included Lynton and Joshua Steiner (Castleton Commodities International).

Capital 100
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Orbiting Organoids: Research in Space to Unveil New Neurodegeneration Insight

Xconomy

More than 250 miles above the Earth’s surface aboard the International Space Station, a first-in-kind study of neurodegenerative disease is expected to reveal never-before-seen cell interactions. The National Stem Cell Foundation (NSCF) is funding the study, which is the result of a bi-coastal collaboration between the New York Stem Cell Foundation (NYSCF) Research Institute and Aspen Neuroscience, a San Diego startup developing personalized cell therapies for Parkinson’s disease.

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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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Beyond Meat Extends To Breakfast At Carl's Jr. And Hardee's

socalTECH

El Segundo-based Beyond Meat , which develops plant-based burgers and protein, is extending its deal with CKE , the parent company of Carl's Jr. and Hardee's , to offer up new offerings for breakfast. According to the companies, Carl's Jr. and Harde's will now offer up plant-based Beyond Meat options for breakfast, lunch, and dinner. Beyond Meat's burgers have been featured at Carl's Jr. now for a little less than a year, something with CKE attributes to "an uptick of new customers" at the quick

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FTC Challenges PacBio Acquisition, Says Illumina is a “Monopolist”

Xconomy

About one year ago Illumina agreed to splash out $1.2 billion on Pacific Biosciences, a rival maker of DNA sequencing technology. Now the Federal Trade Commission is looking to block the deal, and says it was meant to steamroll a competitor and maintain Illumina’s “monopolist” position atop the industry. The San Diego-based genomics giant (NASDAQ: ILMN ) dominates the market when it comes to technology for sequencing, or “reading,” the genetic code.

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Xencor Names New Chief Medical Officer

socalTECH

Monrovia-based biopharmaceuticals developer Xencor announced this morning that it has named Allen Yang, M.D., Ph.D., as its new Senior Vice President and Chief Medical Officer. Yang was most recently Senior Vice President, Head of Clinical Development, and acting Chief Medical Officer at Jazz Pharmaceuticals. The company said that Yang will be responsible for leading clinical development strategy and overseeing clinical operations for Xencor's portfolio of XmAb antibody drug candidates, includin

Monrovia 100
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LA Bioscience Hub Joins HATCHspaces

socalTECH

LA Bioscience HUB , a nonprofit which advocates for the bioscience industry in East Los Angeles, has joined forces HATCHspaces , a group developing real estate for emerging life science companies. According to the two, LA Bioscience Hub will help HATCHlabs become a "more active participant" in the effort to develop the bioscience industry, particularly in El Sereno.

Incubator 100
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FDH Makes Another Acquisition, Of BTC Electronic Components

socalTECH

El Segundo-based FDH , hardware and replacement parts to commercial and defense aircraft manufacturers, subcontractors, and others, has announced another acquisition--its second this week--of BTC Electronic Components. BTC Electronic Components is a Wake Forest, North Carolina-based distributor of connectors and accessories focused on aerospace, military and industrial end markets.

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GIGXR Acquires Assets Of Pearson Immersive Learning Group, Finds $1M

socalTECH

Venice, California-based GIGXR , a new startup, has acquired the assets of Pearson Immersive Learning Group , a unit of publishing firm Pearson, and raised $1M in a seed funding round, the company disclosed today. Financial terms of the acquisition were not announced. GIGXR is led by CEO David King Lassman, who previously founded Vyclone. Pearson's Immersive Learning Group develops two virtual reality titles based on Microsoft's Hololens, which are used for VR and AR training in hospitals, nursi