Thu.Jan 16, 2020

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The dangerous game: Hiring from a competitor

Berkonomics

Sometimes it is the first thought you or your managers have when in need of skilled talent, especially for sales or product development. It is not hard to find and observe the best employees of a good competitor at work, skillfully moving the competitor forward in a visible way. Two slices of the pie for one price. And it is a tempting slice of pie – two slices for one price – to take a critically needed employee from a competitor, damaging that firm while building yours.

Pricing 156
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Wavemaker Three-Sixty Health Completes Fundraising Efforts

socalTECH

Pasadena-based Wavemaker Three-Sixty Health , the seed-stage healthcare investment fund run by John Nackel, Jay Goss, Eric Marton and Kwame Ulmer, says it had the sixth and final close on its fund on December 31st. The firm said it now has more than 80 Limited Partners in the fund, with the majority being senior level healthcare executives across the US healthcare system.

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Event Announcement: Xcelerating Life Sciences San Diego

Xconomy

We’re excited to announce the first in Xconomy’s new Xcelerating Life Sciences event series convening local communities of innovators, executives, rising pioneers, entrepreneurs, investors, and scientists: Xcelerating Life Sciences San Diego will help you stay at the forefront of San Diego’s genomic trends and technologies that are fueling today’s biotech investment and partnership opportunities.

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FabFitFun Names Chief Marketing Officer

socalTECH

Los Angeles-based FabFitFun , which offers up a seasonal "box" with a collection of products in the beauty, fashion, fitness, wellness, home, and tech areas, has named its very first Chief Marketing Officer. The company said that that Louisa Wee has joined the company to help oversee strategy and execution of the company's marketing initiatives, plus brand, content and creative programming.

Marketing 100
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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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SpinLaunch Finds $35M For Orbital Launch Systems, Expansion In Long Beach

socalTECH

Long Beach-based SpinLaumch , a space startup working on oribal launch systems which use a kinetic launch system to deliver payloads into space from the ground using a mass acceleration system, has raised $35M more, the company said on Thursday afternoon. The company said the funding came from Airbus Ventures, GV, KPCB, Catapult Ventures, Lauder Partners, John Doerr and Byers Family.

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Factual Rolls Out New Data Product

socalTECH

Los Angeles-based location data provider Factual rolled out a new product, Data Enrichment , which the company said allows businesses to "enrich first-party customer data" with its own, real-world visitation data. According to Factual, the product will help businesses to better understand their customers, and to improve audience modeling based on real-world behavior.

Product 100

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Emburse Swallows Up Chrome River, Launches New Unified Company

socalTECH

A new, Los Angeles-based company, Emburse , launched today, out of the acquisition of six different expense and accounts payable (AP) automation companies, including LA-based Chrome River. Emburse said this morning that it has created a single, unified entity, emcompassing companies Abacus, Captio, Certify, Chrome River, Nexonia, and Tallie. All of those companies had provided some aspect of expense management.

Company 100
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March Capital Partners Leads $32M Investment In ActionIQ

socalTECH

Los Angeles-based March Capital Partners is the lead investor in a big, $32M funding round for ActionIQ , a startup which provides personalization software to enterprise customers. ActionIQ said this week that it raised $32M in its Series C funding, which was led by March Capital Partners, and also included Sequoia Capital, Andreessen Horowitz, and FirstMark Capital.

Capital 100