Tue.Apr 26, 2016

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Why Misunderstanding Startup Metrics Can Cost You Your Business

Both Sides of the Table

There has been a lot of public debate over the past several weeks about whether it’s a good thing to be “gross margin positive” or not and commentary always reminds me that some people at startups don’t quite understand financial metrics or even how to think about which ones are healthy. When I publicly Tweeted that all companies should be gross margin positive many people pointed out that Amazon wasn’t profitable for many years.

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SpaceX Veterans Announce New Satellite Launch Firm, Vector Space Systems

socalTECH

A new, microsatellite launch firm--founded by veterans of SpaceX--said today that it has raised more than $1M to launch the startup. Vector Space Systems led by former SpaceX executive Jim Cantrell, said it raised $1M in an angel funding to develop a mirosatellite launch company. The company's co-founders include John Garvey (SpaceX), Ken Sunshine (Virgin Galactic, Moon Express, Orbital Science), and Eric Besnard (NASA, Air Force).

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AECX: Innovate + Integrate The Premier Tech Expo for AEC Professionals [ LOS ANGELES ]

Tech.Co

AECX will be a first of its kind event in the Los Angeles area, highlighting and starting discussions related to emerging technologies within the architecture, engineering and construction (AEC) realm. The event will consist of numerous exhibitor booths and a panelist round to showcase the technology and facilitate the conversation of how these companies are helping shape the future of the building industry.

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Resonant Completes $6M Private Placement

socalTECH

Goleta-based Resonant , which designs radio frequency front end filters, says it has completed its $6M private placement. The funding came from both institutional and individual accredited investors. The publicly held company had announced the deal for the private placement earlier. The placement was managed by National Securities Corporation and Drexel Hamilton.

Design 109
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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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Tech & Creative Job Fair [ LOS ANGELES ]

Tech.Co

Welcome to the first tech & creative job fair from Startup DTLA. A new quarterly series, looking to help local Angeleno’s (particularly Downtown’ers) to find local positions. One of the biggest myths about Downtown LA is that: 1) there aren’t many tech companies and. 2) there isn’t enough local talent. That couldn’t be further from the truth with names like: Hyperloop, Nasty Gal, Nation Builder, General Assembly, and more… Join for an evening of networking

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CTC Global Appoints Engineering VP

socalTECH

Irvine-based CTC Global , a developer of carbon composites used in high voltage power lines, said it has named Bill Webb as its new Vice President, Engineering. Webb has been at the company since 2014, and previously served at Cytec Engineering Materials, supporting the development of the Boeing 787 Dreamliner. Webb reports to CEO J.D. Sitton. READ MORE>>.

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Ceres Gets Two Crop Patents

socalTECH

Thousand Oaks-based agricultural biotechnology developer Ceres reports that it hs received two, U.S. patents on crop traits that it says it is looking to apply to such crops as corn, soybean, forage sorghum and cotton. The two patents are U.S. Patent No. 9,303,268 and U.S. Patent No. 9,309,573, and bring the company's total number of patents to approximately 90.

Patents 109
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VRLA Summer Expo 2016 [ LOS ANGELES ]

Tech.Co

VRLA is the world’s largest virtual and augmented reality expo, welcoming both consumers and industry professionals. The expo will feature cutting-edge demos of the most exciting projects in development for the Oculus Rift, HTC Vive, PlayStation VR, Google Cardboard, Samsung GearVR, and more! Each day will be stacked with a lineup of insightful presentations, panels, and announcements.

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Chrome River Wins Sonoco

socalTECH

Los Angeles-based cloud-based expense and invoice management software developer Chrome River Technologies has signed on Sonoco Products Company as a new customer, the company said today. Financial details of the customer win were not announced, however, Chrome River said the deployment has it supporting expense reports for 20,000 employees across 34 countries.

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Has Facebook Achieved What AOL Could Have A Generation Ago?

Tech Zulu Event

Facebook opens up Instant Articles to all publishers. If you don’t know, Instant Articles are Facebook’s new way to natively load articles within the app using an adapted RSS feed. These native articles, which have a lightning bolt in the top right corner, load in half a second—10x faster than if user was to click out to a website. From what I’ve seen so far, they really do load instantaneously and have a great layout and user experience.

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Finistere Ventures, International Farming Corporation Form New Venture Fund

socalTECH

San Diego-based Finistere Ventures , and farming giant International Farming Corporation (IFC) said today that they have launched a new venture fund, Willow Hill Ventures. According to the two, Willow Hill Ventures will focus on providing growth capital to help early agricultural technology startups scale into viable farming businesses. The company specifically said it is looking to "bridge the Series B funding gap.

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