Thu.May 25, 2017

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Here’s the test: Can you create 5 strategies and 5 tactics to achieve your goal?

Berkonomics

In past weeks, we explored the need for a tangible goal and strategies that are measurable as steps toward achievement of your goal. Today, we explore how to create tactics to accompany each strategy, and even suggest a number of tactics to consider for each strategy. Tactics support strategies and are more short term and procedural than the strategies they support.

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Vinny Smith's Toba Capital Gets Exit At Codenvy

socalTECH

Toba Capital , the venture capital investment firm founded by Quest Software's Vinny Smith, has scored another exit, this time at San Francisco-based cloud applications tool developer Codenvy. Red Hat said this morning that it has acquired Codenvy, but did not disclosed financial details of the acquisition. Codenvy was backed by both Auriga Partners and Toba Capital, and had raised less than $10M in funding since it was founded in 2013.

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Silicon Beach Report May 25: Faraday Future Said to Plan $1 Billion Fundraising Effort

L.A. Business Journal

Faraday Future said to plan $1 billion fundraising effort, Chef’d raises $10 million, and Disney CEO Bob Iger says hacker threat to release stolen movie was a hoax.

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Maxwell Shuffles Board Chair

socalTECH

an Diego-based Maxwell Technologies , which develops capacitive energy storage and other related products, said that its Chairman, David Schlotterbeck, has decided to resign. The company said Scholtterbeck resigned "for personal reasons", and the Chairman role has been given to Steven Bilodeau. READ MORE>>.

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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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Amid Budget Concerns, NIH Preps Beta Test for Precision Medicine Plan

Xconomy

An ambitious plan to recruit 1 million U.S. volunteers and amass a treasure trove of their health information will start next week with a “beta test” that health officials hope to eventually expand nationwide. National Institutes of Health director Francis Collins said Wednesday that the Precision Medicine Initiative will begin in Pittsburgh, where the agency aims to enroll up to 15,000 participants by the end of summer.

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Wemo To Connect To Apple HomeKit

socalTECH

Playa Vista-based Wemo , the smart home products brand which is owned by Belkin International, announced this morning that it will be connecting its products to Apple's HomeKit. The connection allows Wemo users to control their systems using Siri on their iPhone, iPad, or Apple Watch. According to Belkin, the new connection will come via the Wemo Bridge for HomeKit, which it says will ship in the fall.

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Rocket Lab Reaches Space

socalTECH

Huntington Beach-basd Rocket Lab , a startup developing small satellite launch vehicles, says it successfully launched its first Electron rocket into space. The company said it reached space a 16:23 New Zeland time, after a launch from a location on the Mahia Peninsula in New Zealand. Rocket Labs, led by CEO and co-founder Peter Beck, has been building a small rocket specifically for use as a private orbital launch vehicle.

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Faraday Future Seeking $1 Billion

socalTECH

Los Angeles-based electric vehicle maker Faraday Future is looking to raise $1 billion in new capital, as its main backer--billionaire Jia Yueting--apparently has run out of capital to invest in the company, according to a report from Bloomberg today. The report says Faraday Future has been talking with sovereign wealth funds in hopes of raising that billion dollars, as Yueting, the founder of troubled television maker LeEco, has run into a major cash crunch.

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Chef'D Gets $10M From Campbell's Soup For Meal Kits

socalTECH

El Segundo-based Chef'D , which provides over 500 different meal kits for delivery to consumers, without a subscription, has raised $10M in a Series B funding, the company disclosed this week. The funding came from m Campbell's Soup Co. and FreshDirect. Chef'D send personalized recommendations on meals, based on a questionnaire and personal needs, and sends those ingredients pre-portioned in an insulated box to users for cooking at home.