Startup Professionals Musings
JULY 8, 2020
Many startup founders I know avoid establishing a formal advisory board or board of directors for as long as possible, with the excuse that this is just another burden, or it has more risk than value to the founder. In my experience, just the opposite is true, since outside experts with the right experience can greatly reduce risk and improve the quality of your decisions in time of crisis.
socalTECH
JULY 8, 2020
Uber said on Wednesday that drivers in Southern California and Sacramento are now allowed to set their own price, as part of an effort by the company to show that its drivers are independent contractors and not employees. The move comes as a result of Assembly Bill 5 (AB5), which was passed last year that attempted to force "gig worker" companies to classify their workers as employees, not independent contractors.
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SoCal Tech Calendar
JULY 8, 2020
Monday, July 13, 2020 -- Entrepreneurship and innovation with Prof and Investor Steven Mednick, Join JJ Richa in a fireside chat with Steven Mednick. Whether you are an entrepreneur, corporate entrepreneur or aspire to make a difference in the world by creating something new out of nothing, we will revisit the fundamentals of an entrepreneurial journey, including: Why entrepreneurship?
socalTECH
JULY 8, 2020
Irvine-based electric auto maker Karma Automotive has picked up an additional $100M in funding, and also is looking to raise an additional $300M in funding , for its efforts to bring an EV to market, according to a report. Karma Automotive is majority owned by Wanxiang Group Corp. READ MORE>>.
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.
Xconomy
JULY 8, 2020
Dave Johnson has known UC San Diego physician and cancer reseacher Thomas Kipps for nearly 20 years. Now Johnson, CEO of San Diego-based cancer drug developer VelosBio, has secured $137 million to accelerate the company’s goal of developing targeted therapies based on an antibody program developed by Kipps that homes in on tumors with a specific genetic signature.
socalTECH
JULY 8, 2020
Santa Monica-based dating app developer Tinder says it has begun testing out a new "Face to Face" chat feature which will allow its users to video chat one on one with others on the service. The new service--which has been in the works since at least May--will be available in the U.S., Brazil, South Korea, and elsewhere. In the U.S., the new feature is currently only available in a few states, including Colorado, Virginia, Illinois, and Georgia.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
JULY 8, 2020
El Segundo-based artificial intelligence software developer CUJO AI said this morning that it has named a new General Counsel. The company said it has appointed Jeremy Otis to the position, with Otis joining from Wartsila Marine, where he was Legal Director fot he Americas. CUJO AI said Otis has been an in-house lawyer for a number of Finnish security companies during 25 years in Finland and the US.
socalTECH
JULY 8, 2020
Simi Valley-based unmanned aircraft systems developer Aerovironment says it has received a $21M contract option, from the U.S. Army, for radio frequency modifications for its Raven UAVs. According to AeroVironment, the award is part of the first of three options under a sole source, Flight Control Systems (FCS) small UAS contract, which it annoucned earlier.
socalTECH
JULY 8, 2020
San Diego-based biopharmaceuticals developer VelosBio says it has raised $137M in a Series B funding roudn, to go towards its oncology efforts. The funding was led by Matrix Capital and Surveyor Capital, and also included Adage Capital Management LP, Cormorant Asset Management, Farallon, Foresite Capital, Janus Henderson Investors, Logos Capital, OrbiMed, funds and accounts advised by T.
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