MedMen Restructuring Brings $37 Million in Savings
L.A. Business Journal
DECEMBER 12, 2019
MedMen has received $37 million in gross cash proceeds for the sale of various businesses since Nov. 26.
Thu.Dec 12, 2019
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Let’s talk about your banking relationship
Berkonomics
DECEMBER 12, 2019
The warning is real. You’ve heard the old one – that a banker always seems willing to offer a loan when you don’t need it. For small businesses, there is such truth in that statement that you can trust the story to be based as fact from experience. Exceptions and good reasons to work on them. There are great exceptions for growing businesses and for businesses that have a track record with a banker.
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Rocket Lab Sets Up First US Launch Site
socalTECH
DECEMBER 12, 2019
Huntington Beach-based Rocket Lab , the satellite rocket launch developer, has set up its first U.S. launch site, at the Mid-Atlantic Regional Spaceport on Wallops Island in Virginia. The launch site, which is it second, is in addition to an existing launch complex the company has in New Zealand. At a press conference at Wallops Island on Thursday, Rocket Lab said construction on its Launch Complex 2 started in February.
Aspen Neuro Bags $6.5M to Test Parkinson’s Disease Stem Cell Therapy
Xconomy
DECEMBER 12, 2019
Nearly nine years ago Jeanne Loring and her colleagues at Scripps Research debuted a test that leveraged advances in genomics and data science to determine, without testing in animals, whether human stem cells were “pluripotent,” or able to become any type of cell in the body. Being able to prove that has become increasingly important as scientists look to induced pluripotent stem cells (iPSCs)—mature, specialized cells that have been reprogrammed as immature cells, regaining the capabilit
Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19
Advertiser: Aggregage
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.
Report: Angel Investors Gain From Investing In Every Deal
socalTECH
DECEMBER 12, 2019
A new report, from AngelList, says that angel investors at the see stage would increase their expected return by broadly indexing into every credible deal they see. AngelList claimed in its report, Startup Growth and Venture Returns, that someone who "blindly invests in every credible deal" would do better than an angel investor who happened to miss "the best-performing seed investment".
Lyft Launches Car Rentals In LA
socalTECH
DECEMBER 12, 2019
Lyft said on Thursday that it has launched a new car rental service in Los Angeles, as part of an expansion of its services. According to Lyft, the new service--which is currently only available in LA and the Bay Area--is aimed at providing a vehicle to people who need to go longer distances. Lyft said it would rent cars for weekend getaways, business trips, and to run errands, all from its app.
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Ring: No Breach In Ring Security
socalTECH
DECEMBER 12, 2019
Santa Monica-based Ring says that the widely publicized video this morning of a hacker taking over a Ring security camera and terrorizing an 8-year old is "no way related to a breach or compromise of Ring's security." The video--shown by NBC News--shows someone talking through a Ring camera at a terrified 8-year old. The 8-year old's parents apparently had installed a Ring camera in order to monitor their daughter's bedroom.
CurtCo, Founded By Former Robb Report Owner, Launches Podcasting Venture
socalTECH
DECEMBER 12, 2019
Malibu-based CurtCo a new startup founded by a veteran of the magazine business, is taking on the podcasting market, and has launched what it says is a new "podcast platform". The startup, led by William (Bill) Curtis, says it has launched six original series, and will be introducing several more focused on such areas as politics, medicine, Hollywood filmmakers, luxury cars, wines as well as engaging scripted narratives and comedies.
CrowdStrike Adds New Managed Security Provider
socalTECH
DECEMBER 12, 2019
CrowdStrike , the provider of endpoint protection software which has major operations in Irvine, has added a new managed security provider covering the U.S., Europe, Middle East, and Latin America. CrowdStrike said it added managed security service provider ElevenPaths, Telefnica's Cybersecurity Unit, as part of its partnership program. CrowdStrike's software uses artificial intelligence for endpoint protection, malware detection, cyber threat intelligence, and other efforts.
NextGen Healthcare Acquires OTTO Health
socalTECH
DECEMBER 12, 2019
Irvine-based NextGen Healthcare , which provides practice management software for the medical, behavioral and dental providers, has made another acquisition, saying today that it has agreed to acquire OTTO Health , a provider of software used for virtual visits. Financial terms of the acquisition were not announced. According to NextGen Healthcare, OTTO Health's virtual visit software is used in rural areas where access to health care is often lacking.
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