Thu.Jul 23, 2020

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Selling your company for less than expected?

Berkonomics

How about outside investors? Sometimes the end game or sale of the company is not a happy event. Especially when outside investors, venture capitalists, or angels, have put in substantial money and the sales price is less than the value of their investment. Most all experienced VC and angel investors have found themselves in such a situation, since it is the unfortunate truth that half of their investments fail, on average, within the first several years of the investment.

Company 156
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Sidecar Health Picks Up $20M

socalTECH

Los Angeles-based Sidecar Health , a startup which is developing health insurance technology, says it has raised $20M in a new funding round. The round was led by Cathay Innovation, and included Comcast Ventures, Kauffman Fellows, and Anne Wojcicki (co-founder and CEO of 23andMe). Prior investors GreatPoint Ventures and Morpheus Ventures also participated.

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Bird Loses Paris

socalTECH

Santa Monica-based on-demand scooter company Bird has failed to obtain a contract to deploy its scooters in Paris , in what is a high profile loss for Bird. According to Paris, it selected Lime, Tier, and Dott as the scooter companies for the city, which will result in deployment of 15,000 scooters in total through the city. The failure to win a contract with Paris comes despite a big push by Bird to set up shop in the city, where it had planned to hire "thousands" at a new European hub.

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NOM Names CEO

socalTECH

Los Angeles-based NOM , a developer of tools to ensure that advertisement for brands reach the right YouTube, video and social audiences, said on Thursday that it has named Brian Atwood as its CEO. Atwood previously served at Zefr, dataxu, iHeart Radio and AOL, and was a member of the board at the Mobile Marketing Association (MMA). NOM says it uses both machine learning and human intervention to help ensure that clients' ads show up in places that reflect a brand's values.

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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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Seragon Pharmaceuticals Says AI Platform Predicts Aging

socalTECH

Irvine-based biopharmaceuticals company Seragon Pharmaceuticals announced on Wednesday that it has launched a new, artificial intelligence platform it says can predict an individuals' aging speed, and assess aspects of physiological funtions. The company said its new GenomeScore platform uses epigenetic and transcriptome analysis for its predictions, using a "neural network-trained algorithm".

Platform 113
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Vive Organic Gets $13M

socalTECH

Venice, California-based Vive Organic , an organic "wellness" drink brand, said today that it has raised $13M in a Series B funding round. The funding was led by Monogram Capital, and also included Cambridge SPG and Powerplant Ventures. Vive's beverage brand focuses on "cold-pressed wellness shots" which it claims boost the immune system. According to Vive Organic, it will use the new funding to expand its digital footprint, for its pipline, and to make it products more accessible to consumers n