Berkonomics

APRIL 16, 2020

Most of us are affected by this current crisis. Many businesses threatened with closure forever. Small businesses are the most vulnerable, even though most have furloughed employees. Rent and other fixed costs continue, even when revenues have dried up – a fatal combination. So, here are three urgent questions for you. FINANCIAL: Do you have twelve to eighteen months of cash to cover your “burn rate” now and as you recover?

Layoffs 218

Layoffs Sales News Marketing 218

socalTECH

APRIL 16, 2020

On-demand delivery service Instacart said on Thursday that it has expanded what had been a multi-store pilot in Southern California for prescription delivery from Costco. Instacart said it is delivering prescriptions from Costco from nearly 200 Costco pharmacies, across seven states and Washington D.C. The company said the expansion of the delivery comes as a result of online delivery demand amid the COVID-19 pandemic.

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Southern California Demand Services Company 113

socalTECH

APRIL 16, 2020

Los Angeles-based Riot Games , which publishes League of Legends, said on Thursday that it has acquired Hypixel Studios , the developer of Hytale , a block-based game which combines a Minecraft-like environment with roleplaying elements. Financial terms of the acquisition were not announced. Hypixel Studios is based in Derry-Londonderry, North Ireland.

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Riot Games Acquisition Los Angeles Angel 113

socalTECH

APRIL 16, 2020

El Segundo-based Stamps.com , which allows people to print their own postage at home--but mostly focuses on businesses--says it is waiving its normal monthly fee for U.S. senior citizens, age 65 or over. The online postage service provider normally charges $17.99 a month to use its tools. According to Stamps.com, it hopes the waived fee will allow senior citizens to ship letters and packages without leaving their own homes.

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Advertiser: Aggregage

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.

Company

socalTECH

APRIL 16, 2020

Los Angeles-based venture investor Casa Verde Capital --the cannabis investment fund founded by Snoop Dogg--has co-led a $23M, Series B funding round for San Jose-based Greenbits , which develops software for managing cannabis businesses. According to Greenbits, its Series B funding was co-led by Tiger Global and Casa Verde, and also included DNS Capital, along with others.

Los Angeles 113

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socalTECH

APRIL 16, 2020

Los Angeles-based The Collaborative , a plant-based yogurt and dessert brand, said late Wednesday that it has raised $7M in a Series A investment, from PowerPlant Ventures. According to the company, it also has named Meiky Tollman as its new CEO. Tollman was most recently GM, COO, and EVP International for 15 years at Sabra Dipping Company. The Collaborative--formerly known as The Coconut Collaborative--said its products are currently available at "select" retailers nationwide, and will be avail

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