Fri.Jan 29, 2021

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7 Reasons A Good Team Merits Priority Over Procedure

Startup Professionals Musings

Every one of you business leaders I know struggles with the competing demands of finding and keeping employees motivated and satisfied, versus building and enforcing a set of repeatable processes that work. Obviously, both are required for a company to stay healthy and growing. In my experience, providing people leadership is the tougher challenge, but the more critical one.

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HyreCar Partners With Auto Fleet Manager AmeriDrive

socalTECH

Los Angeles-based HyreCar, which operates a carsharing marketplace aimed at the ridesharing, and food and package delivery services market, says it has partnered with automotive mobility fleet manager AmeriDrive, to create a national network to provide vehicle supply and fleet operations. The companies also said the deal includes a debt arrangement with Cogent Bank's Specialty Lending Unit to provide working capital and certain vehicle acquisition support.

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Romeo Power In Strategic Alliance With Trash Hauler Republic Services

socalTECH

Los Angeles-based electric vehicle and power technology developer Romeo Power and recycling and solid waste hauler Republic Services said earlier this week that the two are in a strategic alliance. According to the two, they have agreed to collaborate on the development of Romeo Power's battery technology for use in Republic's electric garbage trucks.

Services 113
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HG Insights Names New Sales Head

socalTECH

Santa Barbara-based HG Insights, which offers up information on technology and IT adoption to technology vendors, said this week that it has named Mark Richards as its new Chief Revenue Officer. Richards was most recently CRO at Nintex, a provider of process management and workflow automation tools. He also previously served as Vice President of Mid-Market, Inside Sales & Renewals at Symantec.

Sales 113
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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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SimpliPhi Launches Effort To Promote Clean Energy Access

socalTECH

Oxnard-based energy storage equipment developer SimpliPhi Power announced this week that it is extending something that it ihas been doing for the last ten years--committing 1% of its annual revenue every year to help provide energy access to communities. The company said the new effort, which it is calling IDEA, challenges its partners and other companies to work with nonprofit partners to provide electrification worldwide.

Ideas 113
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Encodia Gets $75M In Series C

socalTECH

San Diego-based Encodia, a biotech company which is focused on proteomics research, has raised $75M in a Series C funding round, the company said this week. The funding was led by Northpond Ventures and Deerfield Management, and also included GV, Alexandria Venture Investments, plus ARCH Venture Partners, Biomatics Capital, Decheng Capital, Tao Capital Partners, and Nan Fung Life Sciences.

San Diego 113