Mon.Apr 27, 2020

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Oil Price Drop Hits Businesses

L.A. Business Journal

The sudden collapse in oil prices has roiled the local oil industry, prompting producers to start shutting down wells, oil well service companies to lay off staff and refineries to reduce operations.

Pricing 237
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Lead Inclusively Finds $1.5M

socalTECH

San Diego-based Lead Inclusively , a consulting firm which provides technology-enabled services around diversity, equity, and inclusion, said last week that it has raised $1.5M in a funding round. The funding came from angel investors Christopher Craig and Fran Craig. Lead Inclusively said the new funding will go towards further developing its software-as-a-service platform, which is says is focused on "the science of behavior change and habit formation.

San Diego 124
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Miso Seeking $30M Round

L.A. Business Journal

Miso Robotics Inc., a Pasadena-based robotics and artificial intelligence company, is seeking to raise a $30 million Series C through crowdfunding on the SeedInvest platform.

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League Of Legends Cancels Mid Season Tournament

socalTECH

The Legaue of Legends mid-season tournament was finally cancelled , after an initial plan to delay the tournament to July, in continued fallout to in-person events due to the COVID-19 pandemic. The League of Legends Mid-Season Invitational (MSI) tournament--which is run by Santa Monica-based Riot Games--was held in Taiwan last year. The e-sports industry--like every other industry reliant on in-person attendance--has been dramatically altered in the post COVID-19 pandemic world, with pretty much

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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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Miso Seeking $30 Million Round

L.A. Business Journal

Miso Robotics Inc., a Pasadena-based robotics and artificial intelligence company, is seeking to raise a $30 million Series C through crowdfunding on the SeedInvest platform.

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Saviynt Expands Advisory Board

socalTECH

Los Angeles-based software developer Saviynt has boosted its board of advisors, saying this morning that it has added Elissa Fink, former Chief Marketing Officer of Tableau Software, and Bobby Morrison, Chief Revenue Officer of Intuit, to its board of advisors. Fink also previously served at IXI Corporation, Tele Atlas, Top Tier Software, and Nielsen/Claritas.

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8minute Solar Energy Adds 3 Gigawatts Of Solar Projects To Pipeline

socalTECH

Los Angeles-based solar power developer 8minute Solar Energy says it has added another 3 gigawatts (GW) of solar projects to its development pipeline, bringing its total number of projects to 18 gigawatts. According to the company, the projects are being supported by development capital from J.P. Morgan Asset Management and Upper Bay Infrastructure Partners, its joint venture partners, and it also said that the University of California (UC) Office of the Chief Investment Officer of the Regents i

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Boost Connects Buyers With Sellers

L.A. Business Journal

Boost Inc., a Calabasas-based ecommerce startup, is trying to reach modern shoppers using a new approach that employs some familiar technology.

Calabasas 130
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Evofem Biosciences Gains $25M In Convertible Note

socalTECH

San Diego-based biopharmaceuticals developer Evofem Biosciences , a publicly held developer of biopharmaceuticals aimed at contraception, says it has received $25M in a convertible note financing. The company says it has received $15M of that amount, with remaining $10M to be funded at its investor's discretion. Source of the funding was not announced.

San Diego 113
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Boost Connects Buyers With Sellers

L.A. Business Journal

Boost Inc., a Calabasas-based ecommerce startup, is trying to reach modern shoppers using a new approach that employs some familiar technology.

Calabasas 130
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5 Tips To Keep Your Startup Productive, Not Just Busy

Startup Professionals Musings

If you want to make a great first impression on a startup investor or an advisor like me, don’t try to convince me or show me how busy you are. For some reason, too many aspiring entrepreneurs I know seem to focus on “actions” rather than “results.” Based on my experience, survival and success are both about doing the right things , and not about doing everything.

Product 123
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Snap Planning $750M Offering

L.A. Business Journal

Snap Inc. announced a $750 million debt offering the day after reporting a jump in first-quarter earnings and daily active users.

Activity 130
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Neurocrine Gets FDA Nod for Once-Daily “Add-On” Parkinson’s Pill

Xconomy

Many patients with Parkinson’s disease take a combination medication called levodopa/carbidopa to control their symptoms, but over time, experience “off” episodes in which the tremor, slowed movement, and difficulty walking that characterize the disorder occur. Now the FDA has approved a Neurocrine Biosciences (NASDAQ: NBIX ) drug intended to be taken along with levodopa/carbidopa to extend the therapy’s “on” time for patients.

Class 90
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Erasca Lands $200M Mega-Round to Move Cancer Programs to the Clinic

Xconomy

Serial biotech entrepreneur Jonathan Lim has raised a whopping $200 million to advance multiple candidates at his latest cancer drug development venture, Erasca, into human testing. Lim (pictured) sold his previous company, Ignyta, to Roche for $1.7 billion. On Monday Erasca—a portmanteau of “erase” and “cancer”— announced it had completed a Series B financing round jointly led by Arch Venture Partners and Cormorant Asset Management.