Mon.Jun 07, 2021

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Boring Co.’s Las Vegas Tunnel Opens to Public

L.A. Business Journal

Elon Musk’s Boring Co. is about to get its first real-world test as its 4-mile, $52.5 million tunnel loop opens to the public this week underneath the huge Las Vegas Convention Center campus.

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Viasat Satellite In Integration, Testing

socalTECH

Carlsbad-based communications satellite operator Viasat reports that the first satellite in a new satellite constellation being developed by the company is now in final spacecraft integration and testing. According to ViaSat, the first satellite in its ViaSat-3 global constellation was recently shipped to the Boeing Satellite Systems facility in El Segundo, and is now targeted for launch in early calendar year 2022.

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7 Keys To The Best Internet Name For Your New Venture

Startup Professionals Musings

I’m sure you have all been frustrated at least once by not being able to get the Internet domain name you want for your company. Who owns all of these names, and should you ever buy one for a premium? The simple answer is that if you want to be found on the Web, the perfect domain name can be well worth a few thousand dollars, but don’t pay a fortune for one.

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Apple Expands Testflight To MacOS

socalTECH

Apple announced on Monday at WWDC 2021 that it will be extending its Testflight beta testing service to the Mac and the MacOS platform. The software--which was previously only available on iOS--was originally developed in Southern California. Burstly, the developer behind Testflight, was acquired by Apple back in 2014.

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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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Fisker Plans Climate Neutral Vehicle by 2027

L.A. Business Journal

Electric vehicle maker Fisker Inc. plans to manufacture a climate-neutral vehicle by 2027.

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Foundry Takes On Commercial Real Estate CRM

socalTECH

A new, Los Angeles-based startup, Foundry, said today that it has launched to offer up commercial real estate customer relationship management (CRM) tools. The company was founded by CEO Rick Pelz, who the company said spent nearly twenty years at the Chief Information Officer of commercial real estate brank Marcus & Millichap. The company said it offers up deal, property, CRM, and prospect management, and is sold not as a service or subscription, but through outright purchase.

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Fisker Attempts Delivery Of Full, Climate Neutral Vehicles By 2027

socalTECH

Los Angeles-based electric vehicle developer Fisker Inc. said this morning that it is targeting delivery of a full, climate-neutral vehicle--where even all the components that make up the vehicle are "climate neutral"--by 2027. According to the EV maker, it will attempt to produce a climate neutral vehicle by 2027, without purchasing climate offsets to achieve the goal.

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Dave Plans To Hit Public Markets Via SPAC

socalTECH

Los Angeles-based banking app developer Dave said this morning that it is going public, via a merger with VPC Impact Acquisition Holdings III, Inc., a special purpose acquisition company (SPAC) sponsred by Victory Park Capital. According to the company, the deal will take the company public under the ticker symbol DAVE, and give it a pro forma, fully-diluted equity value of approximately $4 billion.

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LegalZoom Files For IPO

socalTECH

Glendale-based LegalZoom has filed for an IPO, saying in a filing that it is looking to raise up to $100M in an IPO on the Nasdaq. The company says it is looking to trade under the symbol LZ. The IPO is being underwritten by J.P. Morgan, Morgan Stanley, Barclays, BofA Securities, Citigroup, Credit Suisse, Jefferies, JMP Securities, Raymond James, and William Blair.

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