Wed.Jul 01, 2020

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Science Inc. Backs Heavy Sound Labs

socalTECH

Santa Monica-based startup studio Science Inc. has backed a new company, looking to incubate startups from the music industry. According to Heavy Sound Labs , it is a music technology company looking for "today's next emerging stars" and helps them to develop themselves into creative entrepreneurs. The new venture is led by Jason Geter, a music industry veteran who co-founded Grand Hustle Records.

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SpaceX Launches Satellite for Space Force

L.A. Business Journal

SpaceX successfully launched the company's first mission for the U.S. Space Force.

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Scalefast Adds $22M For eCommerce Tools

socalTECH

Los Angeles-based Scalefast , a developer of direct-to-consumer, e-commerce software, has raised $22M in a Series B funding round. The funding came from Xplorer Capital, Stereo Capital, FJLabs, Benhamou Global Venture and Credit Mutuel Equity. According to Scalefast, it will use the new funding to expand its team, footprint, and product offering. Scalefast's software is specifically used by brands to scale direct-to-consumer sales.

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5 Challenges No Entrepreneur Anticipates In A Startup

Startup Professionals Musings

Every entrepreneur I know finds it a challenge to balance the joys of entrepreneurship against a set of frustrations they never anticipated. Of course, most of you expect that raising money will be difficult, as well as staving off competitors, and handling that occasional toxic customer. What you don’t expect is to feel out of control , or to always be fighting the many demands for your time.

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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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Arqlite Lands Investment From CEMEX Ventures

socalTECH

Santa Ana-based Arqlite SPC , a company which has developed a way to processes unrecyclable plastic waste into artificial gravel, has received an investment from CEMEX Ventures , the corporate venturing arm of the building materials giant. Size of the investment were not announced. According to CEMEX Ventures and Arqlite, Arqlite's artificial gravel avoids the use of natural quarry aggregates and boulders in the production of light concrete with a low CO2 footprint, and installs drainage beds fo

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J2 Global Target Of Short Seller

socalTECH

Los Angeles-based J2 Global , which operates a variety of Internet information and services businesses, appears to be the target of a short seller, saying late Wednesday night that a short seller has issued "false claims and distortions" about its business. J2 Global said that Hindenburg Research included the company in a short selling communications.

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