Thu.Apr 15, 2021

Do you “over-welcome” your new employees?

Berkonomics

A story of a CEO attuned to creating great company culture. A CEO friend of mine who managed her one-hundred-person remote workforce as a virtual company told me her story of how she welcomed new employees as she grew her firm. Strike that. She over-welcomed her new employees.

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Therabody Acquires PowerDot for $34 Million

L.A. Business Journal

Health and fitness technology company Theragun Inc., doing business as Therabody, has acquired PowerDot Inc. for $34 million

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FloQast Names Chief Marketing Officer

socalTECH

Los Angeles-based FloQast, which develops workflow automation software for the accounting industry, says it has named a new Chief Marketing Officer. According to the company, it has named Edward (Ed) Brice to the position, reporting to CEO mike Whitmire. Birce was most recently Chief Marketing Officer at Vendavo, and prior to that was at Lumension Security. FloQast has been in expansion mode.

Saltbox raises $10.6M to help booming e-commerce stores store their goods

TechCrunch

E-commerce is booming, but among the biggest challenges for entrepreneurs of online businesses are finding a place to store the items they are selling and dealing with the logistics of operating. Tyler Scriven, Maxwell Bonnie and Paul D’Arrigo co-founded Saltbox in an effort to solve that problem.

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.

Molecular Assemblies Picks Up $24M For DNA Synthesis

socalTECH

San Diego-based Molecular Assemblies said this morning that it has raised $24M in a Series A funding round, which came from Agilent Technologies, iSelect Fund, Codexis, Alexandria Venture Investments, and Argonautic Ventures, as well as LYFE Capital. According to the company, it will use the funding to advance the company's proprietary enzymatic DNA synthesis technology toward early commercialization efforts. Molecular Assemblies is led by President and CEO, Michael J. Kamdar.

UTA Ventures Names Clinton Foy As General Partner

socalTECH

Los Angeles-based talent and entertainment giant UTA said this week that Clinton Foy will join the company's venture capital arm, UTA Ventures, as General Partner. Foy is a longtime fixture in the Los Angeles startup world, having most recently served as General Partner and Managing Director at Crosscut Ventures. At Crosscut, he was lead investors in such companies Streamlabs, PlayVS, FitOn, plus esports franchises Immortals and IGC.gg. He also had served as COO of Square Enix.

Triller Buys Two Companies

socalTECH

Los Angeles-based TrillerNet, the parent company of social video app developer Triller, has acquired two companies, including a live event and pay-per-view (PPV) company, and a conversational artificial intelligence (AI) company. According to TrillerNet, it acquired FITE, a global live-event and Pay-Per-View, SVOD and AVOD and streaming platform for sports and entertainment, and separately, also acquired Amplify.ai, a developer of conversational AI tools for brands and others.