Startup Professionals Musings
FEBRUARY 10, 2021
We all know at least one entrepreneur who always gets things done, and appears unstoppable in his quest. All of you probably know many others who talk incessantly about their great ideas, but never seem to even get started, or they give up at the first obstacle. What are the attributes that make an entrepreneur unstoppable, and is it possible for people to learn to be unstoppable?
socalTECH
FEBRUARY 10, 2021
Irvine-based Viant, which develops advertising software, had a successful IPO on Wednesday, selling 10 million shares of its stock at $25 per share last night, above its initial estimated IPO price of $19.00 to $21.00 per share. The company jumped all the way to $47.72 per share in its first day of trading. Viant is led by technology veteran Tim Vanderhook, who founded Viant with brothers Chris and Russ.
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socalTECH
FEBRUARY 10, 2021
Los Angeles-based SoLo Funds, a startup which operates an online crowd-lending marketplace, letting users lend and borrow funds from each other, has raised $10M in a Series A round. The funding was led by ACME Capital, and also included Impact America Fund, Techstars, Endeavor Catalyst, CEAS Investments and others. The company says it has now raised a total of $12M in funding.
socalTECH
FEBRUARY 10, 2021
Errol Ginsberg, the co-founder of one of Ixia, one of Southern California's most successful startup-to-IPO network equipment manufacturers, has died at the age of 65, according to his obituary. Ginsberg was co-founder and CEO of Ixia, which he took to an IPO in 2000. Ixia was eventually acquired by Keysight Technologies for $1.6 billion in 2017. Ginsberg's family said he "peacefully passed away" surrounded by loved ones on January 25th at his home in Malibu.
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socalTECH
FEBRUARY 10, 2021
A new survey, by Los Angeles-based GoBankingRates, says that there have been "staggering effects" on Americans' financial well-being. The site said it recently ran a survey, which found that 40% of Americans now have less than $300 in savings, which is a drop compared to the pre-pandemic figure of $400 that the Federal Reserve had measured pre-pandemic.
socalTECH
FEBRUARY 10, 2021
Santa Monica-based auto buying program operator TrueCar announced this morning that it has inked a partnership with Los Angeles-based HyreCar, to power an online auto marketplace for HyreCar. Financial details of the partnership were not announced. HyreCar operates an online rental marketplace for ridesharing, food, and package delivery services. According to TrueCar, it is launching the HyreCar Auto Buying Program powered by TrueCar, which will both help HyreCar's customers find vehicles, as we
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