Mon.May 25, 2020

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Mayer Leaves Disney to Lead TikTok as CEO

L.A. Business Journal

Kevin Mayer, a longtime Walt Disney Co. executive, has left the company to become chief executive of TikTok, the rapidly growing short-video platform owned by Chinese startup ByteDance Ltd.

Platform 130
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6 Strategies For Startup Exit That Investors Accept

Startup Professionals Musings

The last thing a new entrepreneur wants to think about for a new startup is how it will end. Yet one of the first things a potential equity investor asks about is your exit strategy. The answer you give can make or break your ability to get an investment, so you need to have the right answer ready before anyone asks. Here are three important reasons for the question: Good investment paybacks normally require an exit event.

Startup 150
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Motiv Rolls Out Robotic Space Arms

L.A. Business Journal

Motiv Space Systems Inc., a Pasadena-based space motion control and robotics company, has developed a modular robotic arm system that can perform on-orbit assembly and satellite servicing tasks.

Pasadena 130
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UpKeep Technologies Hits $49 Million in Funding

L.A. Business Journal

UpKeep Technologies Inc., the Westwood-based work-order management software developer, said it has raised $36 million in a Series B, bringing the company’s total funding to $48.8 million.

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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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Mayer Leaves Disney to Lead TikTok as CEO

L.A. Business Journal

Kevin Mayer, a longtime Walt Disney Co. executive, has left the company to become chief executive of TikTok, the rapidly growing short-video platform owned by Chinese startup ByteDance Ltd.

Platform 130
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Tapcart Gets a Big Boost for Its App

L.A. Business Journal

Santa Monica-based ecommerce startup Tapcart Inc. has raised $10 million in a Series A round led by San Francisco-based SignalFire.

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Crisis Speeds Growth Among Gaming Companies

L.A. Business Journal

Gaming companies, already a nimble bunch, are adapting and even thriving in a Covid-19 world.

Company 147