L.A. Business Journal
AUGUST 30, 2021
In an unprecedented move, the Los Angeles County Metropolitan Transportation Authority has issued notices to two competing contract bidding teams to proceed on design and other preliminary work for a rail transit project through the Sepulveda Pass.
Startup Professionals Musings
AUGUST 30, 2021
Making the decision to start your own business is a major commitment, with huge implications for skills and lifestyle. Yet there is no standardized testing or certification required or available anywhere to help you decide if you are a good fit for entrepreneurship, or founding a business is right for you. An MBA or other academic credentials just don’t do it.
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L.A. Business Journal
AUGUST 30, 2021
Southern California Edison executives were generally pleased with the state’s decision in early August to allow the utility to tap ratepayers to raise $6.9 billion in revenue this year, even though that was $730 million short of what Edison requested.
socalTECH
AUGUST 30, 2021
Los Angeles-based Flip, which develops an app that lets people shop for beauty products through video reviews, content, a community, and more, has raised $28M in a Series A funding, the company said on Monday. The funding was led by Streamlined Ventures, and also included Mubadala Capital Ventures, BDMI, plus angels Ruby Lu, an early investor in Kuaishou.
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.
L.A. Business Journal
AUGUST 30, 2021
For those Wealthiest Angelenos whose fortunes are tied to technology, the pandemic brought big gains in net worth over the past year.
socalTECH
AUGUST 30, 2021
Los Angeles-based Flip, which develops an app that lets people shop for beauty products through video reviews, content, a community, and more, has raised $28M in a Series A funding, the company said on Monday. The funding was led by Streamlined Ventures, and also included Mubadala Capital Ventures, BDMI, plus angels Ruby Lu, an early investor in Kuaishou.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
socalTECH
AUGUST 30, 2021
Irvine-based property information provider CoreLogic said this morning that it estimates that 941,392 homes are threatened by severe wind, storm surge, and extended heavy rainfall damage due to Hurricane Ida, which made landfall yesterday in Louisiana, with as much as $220 billion in damages possible. The company said it calculated the combined reconstruction cost value (RCV) of $220.37 billion based on the homes in Louisiana, Alabama, and Mississippi within the impact zone of the storm.
L.A. Business Journal
AUGUST 30, 2021
Santa Monica-based mental wellness company Headspace Inc. will merge with San Francisco-based Ginger.io Inc., an on-demand mental health support platform.
socalTECH
AUGUST 30, 2021
Los Angeles-based Sugar, which develops software to help manage apartment and residential living, has raised $2.5M in a seed funding round, according to the company. The funding included MetaProp, Agya Ventures, Concrete Rose, Debut Capital, The Community Fund, Consonance Capital, Lightspeed Scout Fund, and Jason Calacanis' LAUNCH syndicate, along with angels Wasserstrum and Diran Otegbade, Oleksiy Ignatyev, Claire Cormier Thielke, and Ben Zises.
socalTECH
AUGUST 30, 2021
Electric vehicle maker Rivian said Friday that it has filed confidentially for an IPO, and is looking to have an IPO around Thanksgiving. Bloomberg said that Rivian is looking for a valuation of up to $80 billion. Rivian has significant operations in Irvine. The company is developing an electric pick-up and SUV, and has a deal with Amazon for electric delivery vehicles.
socalTECH
AUGUST 30, 2021
San Diego-based oncology drug developer Boundless Bio said this morning that it has aappointed Jessica Oien as its new General Counsel and Corporate Secretary. Oien was previously General Counsel and Corporate Secretary at the public biotechnology company Cidara Therapeutics, and also has served at Otonomy, Inc., Pernix Therapeutics, Somaxon Pharmaceuticals, Verus Pharmaceuticals, and Elan Corporation, in addition to serving at Brobeck, Phleger & Harrison and Milbank, Tweed, Hadley & McCloy.
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