Thu.Feb 21, 2019

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Should All of Management Attend Board Meetings?

Both Sides of the Table

Should All of Your Management Team Attend Board Meetings? The age old question for every startup is whom to involve in the board meeting. The reality is that there are some board meetings in which having a broad set of management present is a great idea and there are some meetings where in can be a hindrance. Photo by rawpixel on Unsplash The goal of the best run boards ought to be to balance information dissemination with using the brain trust of the company to guide critical decisions.

Startup 161
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TaskUs Names Two New Executives

socalTECH

Los Angeles-based customer experience and business process outsourcing provider TaskUs is expanding its executive team, saying this morning that it has named Robert Hayes as its new Chief Delivery Officer (CDO), and Curt Gooden as its new Chief Information Officer (CIO). TaskUs said that Hayes will lead its global client operations, but did not say where Hayes had previously worked, only saying he had lead "large, global teams" within the industry.

CIO 147
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Oh, go ahead and ask for a five-million-dollar investment in your startup.

Berkonomics

I cannot tell you how many times I have seen executive summaries of business plans in which the entrepreneur seeks $5,000,000 to build the business. Four reasons you should reconsider. First, few startups can use that much money today with all the virtual services available and increasingly inexpensive methods of development, prototyping and marketing.

Startup 120
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Loop Media Buys ScreenPlay

socalTECH

Burbank-based streaming video startup Loop Media announced on Thursday that it has acquired ScreenPlay , a video service provider which licenses videos for use in such locations as Hard Rock Cafes, Norwegian Cruise Line, Yard House, Buffalo Wild Wings and Margaritaville. Financial details of the cash-and-stock deal were not announced. Loop Media said the deal will provide it with a "deep library" and licensing rights to over 200,000 music videos and film, game, and TV trailers.

Media 145
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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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Cause Investing and Social Impact

SoCal Tech Calendar

Tuesday, February 26, 2019 --.

Invest 100
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Arrowroot Backs ParkHub In $13M Funding

socalTECH

Santa Monica-based private equity investor Arrowroot Capital is the lead investor in a funding round for parking technology developer ParkHub , in ParkHub's first instituional funding. ParkHub said it raised $13M in a series B funding round, which was led by ArrowRoot Capital, and which will go towards sales and marketing, plus product development. According to the company, the funding is its first institutional funding round.

Funding 133

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JMI Equity Leads $35M Investment In Lytics

socalTECH

San Diego-based private equity investor JMI Equity is the lead investor in Lytics , a developer of marketing personalization software, in a $35M, Series C investment announced by Lytics on Thursday. Lytics--which is based in Portland, Oregon--said the funding was led by JMI Equity, and also included existing investors Comcast Ventures, Two Sigma Ventures, Rembrandt Venture Partners and Voyager Capital.

Equity 113
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Clearlake's Perforce Completes Acquisition Of Rogue Wave Software

socalTECH

Software development tools maker Perforce , which is owned by Los Angeles-based private equity investor Clearlake Capital , has completed its acquisition of Rogue Wave Software , another developer of software development tools. Financial terms of the acquisition, which were first announced in January , have not been disclosed. Rogue Wave was based in Louisville, Colorado, and develops software used for open source development, API management, Java development, and other areas.

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Locked On Podcast Expands Sport Podcasting Episodes

socalTECH

Los Angeles- and Park City, Utah-based Locked On Podcast , which produces local sports podcasts for NBA, NFL, MLB, college, and other sports teams, says it now is producing 450 episodes weekly for its listeners, who are turning to the company for ports fans. According to the company, it is now delivering local professional and college sport podcasts in nearly sixty major metro markets in the US and Canada.

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Beyond Meat Adds Celebrity Investors

socalTECH

El Segundo-based Beyond Meat , which develops plant-based burger products, says it has added a long list of celebrities as investors in the company. According to Beyond Meat, its investors now include Kyrie Irving, Shaquille O'Neal, Chris Paul, DeAndre Hopkins, Victor Oladipo, Lindsey Vonn, DeAndre Jordan, JaVale McGee, Harrison Barnes, Malcolm Jenkins, Derrick & Charity Morgan, Alex Honnold, Shaun White, and Luke Walton, in additino to existing investors JJ Redick, Tony Gonzales, Leonardo D