Wed.Oct 14, 2020

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Jared Leto, Scooter Braun and Troy Carter are backing Moment House, a startup recreating live events… digitally

TechCrunch LA

A pitch to offer artists a way to give geo-fenced, live events to fans around the world has brought the new Los Angeles startup Moment House $1.5 million in seed funding. The money came from heavy hitters in the Los Angeles entertainment and investment scene including Scooter Braun, Troy Carter, Kygo’s Palm Tree Crew and Jared Leto. Patreon chief executive Jack Conte and Sequoia Capital partner Jess Lee also participated in the round.

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Virgin Orbit Seeks Funds Ahead of Launch

L.A. Business Journal

Long Beach-based satellite launch company Virgin Orbit, looking to rebound from a failed test flight in May, is seeking to raise funds ahead of a second launch.

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Cue Gets $481M For COVID-19 Tests

socalTECH

San Diego-based Cue Health , which is developing COVID-19 testing products, reported late last night that it has received a $481M award from the. Department of Defense (DOD), on behalf of the U.S. Department of Health and Human Services (HHS), to expand domestic production capacity for its point-of-care COVID-19 tests. The company said the award is aimed at helping it deploy deploy six million molecular, point-of-care Cue COVID-19 Tests by March 2021, for a program run by the DOD's Joint Program

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10 Key Principles For Managing Your Time In Business

Startup Professionals Musings

Every startup founder feels the pressure of the thousands of things that need to get done, all seemingly at the same time. There is just not enough time! The real solution is better time management to put you back in control of your life. We all know someone who always professes to be stressed out and “so busy” that they never have time for anything – yet they never seem to get things done.

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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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Virgin Galactic Planning First SpaceFlight From New Mexico

socalTECH

Virgin Galactic , the commercial space tourism operation backed by Sir Richard Branson, says it is preparing for its first spaceflight from Spaceport America in New Mexico. The company--which has been developing its spacecraft in Mojave, California--says it plans the first launch later this fall, with the intent to carry several research payloads in the cabin of its spacecraft, the VSS Unity.

Research 100
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Plenty Unlimited Raises $140M, Plans To Set Up Farm In Compton

socalTECH

Plenty , a Bay Area startup developing vertical farming technology, said this week that it has raised $140M in a new funding round, and will build a new farm in Compton. The startup--backed by Softbank Vision Fund and strawberry farming giant Driscolls--has raised more than $500M in total for its vertical farming efforts. Plenty is developing vertical, indoor farming technology, and currently growing greens such as lettuce, arugula, and kale for grocery stores.

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Lassogen Snags $4.5M Seed Funding

socalTECH

San Diego-based Lassogen , a startup developing therapeutics for disease treatment, said yesterday that it has raised $4.5M in a seed funding round. The funding was led by Playground Global with participation from Better Ventures, First In Ventures, Tsingyuan Ventures, as well as others. The comapny says it has now raised $5.1M in total funding. Lassogen said it is focused on "developing lasso peptides as an entirely new therapeutic modality", saying they may be useful for treating serious human

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Lead Edge Capital Raises Fifth Fund, Worth $950 Million

socalTECH

Santa Barbara- and New York-based Lead Edge Capital , a growth focused, technology investment fund, announced this morning that it has raised $950M in a new fund, Lead Edge Capital V, LP. The company said the funding came from over 500 existing and new limited partners, and was oversubscribed and closed at its hard cap. The firm now has now raised more than $3 billion across all of its funds.

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