Thu.May 13, 2021

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Extending your Runway!

Berkonomics

Several years ago, I wrote a book entitled, Extending the Runway , using parallels to piloting a plane to equate to the process of creating and building a small company, making maximum use of resources to get to and beyond breakeven. It is worth revisiting the most. Extending the Runway book available at Amazon. important point of that book, which was written to prompt discussion between entrepreneurs, professional managers, and their boards of directors about issues that could unite them or s

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Xbox teams up with Tencent’s Honor of Kings maker TiMi Studios

TechCrunch LA

TiMi Studios, one of the world’s most lucrative game makers and is part of Tencent’s gargantuan digital entertainment empire, said Thursday that it has struck a strategic partnership with Xbox. The succinct announcement did not mention whether the tie-up is for content development or Xbox’s console distribution in China but said more details will be unveiled for the “deep partnership” by the end of this year.

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Happy Returns Acquired By PayPal

socalTECH

Santa Monica-based Happy Returns, which operates a business which makes it easier for consumers to returns items they have purchased at e-commerce startups--and also handles all the logistics in processing those returns--has been acquired by PayPal. Financial terms of the buy were not announced. Happy Returns was venture backed by U.S. Venture Partners and Upfront Ventures, and also had previously raised strategic funding from PayPal itself.

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Cartwheel Collects $1M From Portillo's, Others For On-Demand Delivery

socalTECH

Los Angeles-based Cartwheel, a startup that develops on-demand delivery management software, says it has raised $1M in a seed funding round, which came from TenOneTen Ventures, Act One Ventures, as well as famed hot dog restaurant chain Portillo's Hot Dogs, along with other angels. Cartwheel said the funding will go towards product development, partnership integrations, and team expansion.

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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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Curio Gains $7M For NFTs

socalTECH

Los Angeles-based Curio, which says it is partnering with collectible brands to product NFTs ("non fungible tokens"), has raised $7M in a seed funding round. Curio says it has partnered with trading card brand Topps to produce NFTs from iconoclastic, cult classic Mars Attacks!, and previously has produced NFTs from American Gods television series produced by Fremantle, the Concrete Park graphic novel series published by Dark Horse Comics, and Universal Pictures' Scott Pilgrim vs. the World.

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Bird Looks To Go Public Via $2.3 Billion SPAC

socalTECH

Santa Monica-based Bird is looking to go public via a $2.3 billion special purpose acquisition (SPAC) transaction, as the company starts to see a recovery from the COVID-19 pandemic. According to an investor presentation from Bird, the company is finally seeing an uptick after major impacts on its business last year when much of the world shut down due to the pandemic.