Mon.May 10, 2021

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LA Companies Hop Aboard NFT Bandwagon

L.A. Business Journal

Akash Nigam, founder and chief executive of Venice-based Genies Inc., said he wasn’t entirely sure what a nonfungible token was until last summer when he met with Dapper Labs Inc. Chief Executive Roham Gharegozlou.

Geni 321
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6 Ways To Extend Creativity To All Areas Of Business

Startup Professionals Musings

Most aspiring entrepreneurs believe their initial idea and inspiration requires the most important creative thinking. Experienced entrepreneurs will tell you that the initial idea is the easy part, and it’s the later implementation, and the competitive business marketing that are the real creative challenges. There is a tough balance here to achieve, since a large portion of starting and running a business requires analytical, logical thinking.

Ideas 171
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High-Speed Las Vegas Rail Project May Be Back on Track

L.A. Business Journal

A planned high-speed rail project between Las Vegas and Southern California that stalled out last fall amid the pandemic now appears to be back on track.

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Former CEO Of Startup Pleads Guilty To Defrauding Tech Bank

socalTECH

The former CEO of a Southern California communications services company has plead guilty to charges that he fraudulently obtained $5 million in bank loans from one of Southern California's big startup and technology banks. According to the U.S. Attorney for the Central District of California, Richard Loren Lewis, 67, of La Quinta, pleaded guilty to a two-count information charging him with bank fraud and making a false statement to a financial institution.

Startup 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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Metro Approves $900 Million for Airport Connector Station

L.A. Business Journal

A direct rail connection to LAX has moved one step closer to reality, and Sylmar-based construction contractor Tutor Perini Corp. appears poised to deliver it.

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Procore Sets Initial Estimated IPO Pricing

socalTECH

Carpinteria-based construction management software developer Procore has set its estimated initial IPO pricing, saying in a filing today that it now expects an initial offering price of betweenn $60.00 and $65.00 per share. The company has applied to list on the NYSE under the symbol PCOR. Procore initially filed for an IPO back in November of 2020.

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Fisker Runs Afoul Of SPAC Warrants Accounting, Plans Restatement

socalTECH

Los Angeles-based electric car company Fisker Inc. has run afoul of warrant accounting issues related to the special purpose acquisition company (SPAC) transaction it was involved in, and will restate its 10-K for the year ended December 31, 2020. According to Fisker Inc., the restatement comes as a result of the April 12th Staff Statement by the U.S.

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AECOM Wins Portions of 2 Major Federal Contracts

L.A. Business Journal

Downtown-based infrastructure giant AECOM recently won portions of two major multiyear federal contracts.

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Yardi Launches Product In The UK

socalTECH

Santa Barbara-based property management software developer Yardi says it has launched a new product in the United Kingdom. According to Yardi, it has launched Yardi Breeze Premier for the UK property market, providing property management and accounting to small and medium-sized real estate landlords and property agencies. The company says its new software supports lettings and property management, property and corporate accounting, service charge management, turn over rent calculations, email co

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Nacelle Helps Retailers Ride Ecommerce Wave

L.A. Business Journal

Brian Anderson hated shopping on his phone.

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Trubify Launches Live Music Streaming App

socalTECH

Los Angeles-based Trubify said today that it has launched a new, livestreaming music app, aimed at helping musicians earn revenue from livestreaming. The company says it pays out two cents per unique livestream viewer and one cent per unique viewer for archived content. The new startup looks to be jumping on the growing popularity of livestreaming, driven by the popularity of live chat app Clubhouse.

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Science 37 Goes Public Via SPAC

socalTECH

Los Angeles-based Science 37, a developer of software used for managing clinical research projects, has gone public in a merger with LifeSci Acquisition II Corp., in a deal that values the company at approximately $1.05 billion. According to Science 37, the deal will provide it with a $250M balance sheet to fund its technology platform and extend into new markets.

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