Mon.Aug 03, 2020

AltaSea Signs Agreement to Work With Scripps, UCSD

L.A. Business Journal

AltaSea at the Port of Los Angeles, a nonprofit company focused on the ocean economy, announced Aug. 3 that it has signed a memorandum of understanding with Scripps Institution of Oceanography at the UC San Diego to share resources to support the development of ocean-related projects at both institutions

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Transphorm Hits Public Markets Via OTC

socalTECH

Goleta-based gallium nitride (GaN) power semiconductor developer Transphorm announced this morning that it has launched into the public markets, via the Over-The-Counter (OTC) market. Transphorm said it received from FINRA for its common stock to be listed and quoted on the Over-the-Counter (OTC) market, and will trade on the OTCQB under the symbolt TGAN, as of market open today. The move is somewhat unusual for a technology startup here, where the OTC market is mostly eyed with suspicion.

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7 Success Factors When Your People Are The Solution

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement. If your forte is a service, like consulting or web site design, it’s harder to find guidance on what will get you funded, and how you can scale your business.

Interview wth Deevee Kashi, HelpWih Black Equity and Deed

socalTECH

A few weeks ago, Help With Black Equity (www.helpwithblackequity.com) launched an effort to help connect volunteers with efforts to help with addressing racial disparities, including here in Southern California.

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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.

Gemist Helps Consumers Create Customized Jewelry

L.A. Business Journal

Gemist Inc. wants to bring the bling direct to consumers

Help 109

EVgo, GM Link To Expand EV Fast Charger Network

socalTECH

Los Angeles-based electric vehicle charging network operator EVgo has inked a deal with General Motors , to build out its network of electric vehicle (EV) fast chargers, the two said late last week. According to the two companies, they will build more than 2,700 new fast chargers over the next five years over the United States. The move will triple EVgo's network of fast chargers. Financial details of the deal were not announced.

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GoodRx Plans IPO, Says Report

socalTECH

Santa Monica-based online healthcare marketplace operator GoodRx has reportedly filed for an IPO, according to a report. Reuters--citing "people familiar with the matter"--said GoodRx submitted paperwork with the SEC last week on a potential IPO, and is only now in the process of hiring advisers for that IPO effort. GoodRx is owned by private equity firm Silver Lake.

NantHealth Acquires Data Company OpenNMS

L.A. Business Journal

Billionaire Patrick Soon-Shiong’s NantHealth Inc., which uses data analysis and artificial intelligence technology to assist physicians and improve patient outcomes, is going even more high tech

Kayne Anderson Launches Renewable Infrastructure Fund

socalTECH

Los Angeles-based private equity investor Kayne Anderson Capital Advisors, LP says it has launched a new, renewable energy fund, the Kayne Anderson Renewable infrastructure Fund (KARIX).

Eyeglass Maker Fitz Frames Delivers Thanks to 3D Technology

L.A. Business Journal

Heidi Hertel found inspiration close to home when she decided to launch Fitz Frames Inc

MaxLinear Completes Buy Of Intel's Home Gateway Platform Division

socalTECH

Carlsbad-based MaxLinear said this morning that it has completed its acquisition of Intel's Home Gateway Platform Division. According to MaxLinear, it has raised its revenue expections from the acquisition to $80M to $90M in the first full quarter post close, up from an earlier guidance of $60M to $70M. The two had announced the acquisition on April 6th. The all cash deal was worth $150M.

Popl Provides New Ways to Trade Social Info

L.A. Business Journal

When in-person business events and social gatherings resume, Sawtelle-based Popl Co plans to be ready

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SpaceX Crew Dragon Successfully Splashes Down In Gulf

socalTECH

Hawthorne, California-based SpaceX successfully splashed down off the coast of Pensacola, Florida on Sunday, returning two astronauts--Bob Behnken and Doug Hurley--to earth, the first successful launch and return of astronauts to and from the United States since the retirement of the Space Shuttle. The Crew Dragon capsule splashed down at 2:48p.m. ETD, bringing a successful end to the Demo-2 mission to the International Space Station.

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Eyeglass Maker Fitz Frames Delivers Thanks to 3D Technology

L.A. Business Journal

Heidi Hertel found inspiration close to home when she decided to launch Fitz Frames Inc

Interview wth Deevee Kashi, HelpWith Black Equity and Deed

socalTECH

A few weeks ago, Help With Black Equity (www.helpwithblackequity.com) launched an effort to help connect volunteers with efforts to help with addressing racial disparities, including here in Southern California.

Equity 100

Tinder Taps Former CBS Exec Lanzone as CEO

L.A. Business Journal

Dating app owner Match Group Inc. has named Jim Lanzone, the former president and chief executive of CBS Interactive, as the new chief executive of West Hollywood-based Tinder, effective Aug.