Mon.Apr 19, 2021

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Triller Makes Two Acquisitions, Appoints New CEO

L.A. Business Journal

Triller Network, the owner of the Triller social media app and several streaming businesses, announced April 14 that it had acquired live event and pay-per-view platform Fite and had reached an agreement to purchase software developer Truverse Inc., doing business as Amplify.ai.

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6 New Venture Funding Rejections And How To Recover

Startup Professionals Musings

New entrepreneurs often seem to confuse viability with fundability. Certainly a non-viable business should be not fundable, but many viable businesses are also not fundable. Thus when an investor declines your funding request, you need to curb your anger and understand the real reason for this outcome. In my experience, here are the most common issues that cause funding requests for potentially viable businesses to be rejected, in priority order: Inadequate business plan.

Funding 171
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Bespoke Financial Raises $8 Million for Cannabis Lending Platform

L.A. Business Journal

Santa Monica-based Bespoke Financial Inc., has raised $8 million to expand its financial offerings for businesses in the cannabis industry.

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VIZIO Expands With New Office In Denver

socalTECH

Irvine-based smart television maker VIZIO is looking to tap into a new talent pool, saying last week that it has opened up a new office in Denver, Colorado. According to VIZIO, it plans to hire more than 100 full time team members there in the new location by the end of 2022. The company said the new "Tech Innovation Office" will help develop its products.

Help 113
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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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Playbook Five Brings Virtual Reality to Football

L.A. Business Journal

Virtual reality has made its way into sports, and Playbook Five Inc. is helping the technology find its stride on the football field.

Help 246
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BlackLine Adds Diversity Exec To Board

socalTECH

Los Angeles-based accounting automation software developer BlackLine announced this morning that it has added Barbara Whye, an inclusion and diversity executive, to its board of directors. Whye is currently Vice President of Inclusion and Diversity at Apple. Whye also previously was Chief Diversity and Inclusion Officer at Intel, in addition to serving at BellSouth and NCR in engineering roles.

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SpaceX Selected To Land Astronauts On The Moon

socalTECH

Hawthorne-based SpaceX has scored a groundbreaking contract to help land two American astronauts on the moon, according to NASA. NASA said Friday that it has selected SpaceX to continue development of the first commercial human lander on the Moon. The contract is worth $2.89 billion. NASA said that the Space Launch System rocket will launch four astronauts aboard the Orion spacecraft for their multi-day journey to lunar orbit.

SpaceX 113
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Parabol Aids Businesses With Hybrid Work Environments

L.A. Business Journal

Over the last year, the need for software tools to aid teams of remote employees has become obvious for most businesses.

Tool 246
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GoodRx Acquires HealthiNation

socalTECH

Santa Monica-based GoodRx said it has acquired video content provider HealthiNation. Financial terms of the acquisition were not announced. HealthiNation provides a library of videos of a wide range of health topics, which it uses to help pharmaceutical manufacturers reach consumers. GoodRx said the addition of HealthiNation's video content will provide a new avenue for manufacturers to reach target audiences through its service.

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Local Aerospace Companies Play Major Roles in NASA’s Moon Missions

L.A. Business Journal

Later this year, Long Beach-based rocket manufacturer Rocket Lab USA Inc. will attempt its first mission to the moon.

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SDG&E Aims At Net Zero Greenhouse Gas Emissions By 2045

socalTECH

San Diego Gas & Electric (SDG&E), the electric and gas utility which serves the San Diego region, says it is pledging to reach net zero greenhouse gas (GHG) emissions by 2045. According to the company, as part of that effort, it is developing two new hydrogen pilot projects, has nearly completed an additional battery storage facility, and is piloting a program to use electric school buses for vehicle-to-grid efforts.

.Net 100
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Tech Company Vana Helps Cannabis Companies Build Their Brands

L.A. Business Journal

Vana Technologies Inc. founder and Chief Executive Sheldon Owen saw that companies selling cannabis products would need technological tools to advertise in compliance with regulations.

Company 147
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GumGum Lands $75 Million Investment From Goldman Sachs

L.A. Business Journal

Santa Monica-based advertising technology company GumGum Inc. announced a new $75 million investment April 13 from the growth equity division of Goldman Sachs Group Inc.

Invest 130