Fri.Jan 03, 2020

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Wag Wraps Year with More Layoffs

L.A. Business Journal

Dog-walking application developer Wag Labs Inc. closed out a turbulent 2019 with another round of layoffs, according to a filing with the California Employment Development Department.

Layoffs 147
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5 Questions To Qualify Advisors For Your New Venture

Startup Professionals Musings

Every startup needs a couple of advisors with deep experience and connections in your business domain or financial skills to complement your technical focus. Advisors need to be mentors, looking ahead and directing you on key actions to take or avoid. Unfortunately, many prefer the role of critic, looking backward to highlight your mistakes. These people don’t help you or your startup.

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Tech: SpaceX enters launch mode while telecoms look to dial up 5G

L.A. Business Journal

Home of L.A.’s most innovative technology companies made bold promises in 2019. Now investors and consumers will be watching closely to see if they can deliver in 2020.

SpaceX 130
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Illumina, Pacific Biosciences Call Off $1.2 Billion Merger

socalTECH

San Diego-based life sciences equipment maker Illumina , and Pacific Biosciences of California have called off a $1.2 billion merger and acquisition deal, where Illumina had sought to acquire Pacific Biosciences. The two had previously announced the merger and acquisition deal in November of 2018. According to the two, the cancellation came due to the "lengthy regulatory approval process the transaction has already been subject to and continued uncertainty of the ultimate outcome" of the deal.

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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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PE Firm LS Power Group Buys EVgo

L.A. Business Journal

Private equity firm LS Power Group, which invests in clean power and alternative energy sources across the country, has acquired a majority stake in EVgo Services.

Equity 130
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DICE Setting Up New LA Studio

socalTECH

DICE , a game studio owned by Electronic Arts, is setting up a new studio in Los Angeles , to be headed by game designer Vince Zampella, according to an interview with Zampella in the LA Times. Zampella was co-founder of Respawn Entertainment, known for its Titanfall title, and was at Infinity Ward working on the Call of Duty game franchise. Respawn Entertainment was acquired in 2017 by Electronic Arts.

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The Business Tech You Need in 2020

Tech.Co

The new year is officially here and, hopefully, your business is thriving. Customers are happy, clients are beaming, and the revenue just keeps rolling in. However, as a business owner, you know that resting on your laurels can be dangerous, which is why staying up to date with the latest business technology is a necessity. Companies of all shapes and sizes are now taking advantage of digital resources to help run everything from daily tasks to tedious data analysis.

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MADIA Meet-up

SoCal Tech Calendar

Wednesday, January 8, 2020 --.

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Bio Roundup: FDA Approvals, Intrexon’s Shift, Melinta Bankruptcy & More

Xconomy

In the week leading up to Christmas, six drugs won FDA approvals. The decisions covered insomnia, migraine, and several different forms of cancer. The FDA’s final tally for the year totaled 48 new drug approvals. If you’re keeping score, that compares with 59 approvals in 2018 and 46 in 2017. Most of the nods went to small molecule drugs and cancer drugs continued to represent a significant chunk of the new approved medicines.