Thu.Jan 09, 2020

Can your employees recruit from a customer or supplier?


The recruitment traps. It has happened to all of us who have been leaders in business long enough. One of your employees is approached by an employee of a customer or of a supplier, stating that “It sure would be great to work in your company.”

Lime Retreats From San Diego


E-scooter company Lime is retreating from San Diego--as well as eleven other markets--in what appears to be a shift in the winds for the micro-mobility market startup world. Lime--which competes against such local startups as Bird and Wheels-- said that it is shutting down in "select communities throughout the world where micromobility has evolved more slowly". The company said it made the decision to retreat from those markets as it has "shifted our primary focus to profitability".

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Empirico Raises $17M, Inks 3-Year Antisense Collaboration with Ionis


Empirico, a biotech that has developed tools to analyze genomics data and use those insights to identify potential therapeutic targets, has signed a collaboration deal with antisense drug developer Ionis Pharmaceuticals that includes a $10 million equity investment.

Quibi Finds $400M, Details Short Form Mobile Video Plans


Los Angeles-based Quibi , the previously stealth-mode mobile video startup founded by Jeffrey Katzenberg and Meg Whitman, said at CES that it has raised $400M in a funding round. The company--which unveiled a website and announced its plans to roll out 175 short form video series specificaly created for smartphones, tablets, and other mobile devices--was previously known as NewTV. Quibi renamed itself in October of 2018, but has been mum about its plans in the content world.

Mobile 100

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.

DTx Pharma Raises $10.6M to Advance New Way to Deliver RNA Drugs


RNA medicines can treat some diseases by hitting targets otherwise considered “undruggable” by small molecules and biologics, but protecting the nucleic acids from degradation and getting the therapies to where they are needed in the body can be difficult. San Diego startup DTx Pharma has raised $10.6

Whitmor/Wirenetics Acquired By BJG Electronics Group


Valencia-based Whitmor/Wirenetics , a value added manufacturer and distributor of wire and cable products for the aerospace, defense, space and industrial markets, has been acquired by BJG Electronics Group. Financial terms of the acquisition were not announced. BJG Electronics Group said the deal came alongside another acquisition, of Intro Corporation, a distributor of connectors, contacts and accessories to the commercial aviation and aerospace industry.

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Omniome Gets $60M For Gene Sequencing


San Diego-based Omniome , a startup developing a DNA sequencing platform, says it has raised $60M in a Series C financing round, bringing the company's total raised to $145M. The new funding was led by Madrone Capital Partners, and also included ARCH Venture Partners, Decheng Capital, Domain Associates, Biomatics Capital Partners, Altitude Life Sciences Ventures, Nan Fung Life Sciences and others.

AI Startup Gets Win With Warner Bros. For Greenlighting Films


Los Angeles-based Cinelytic , a developer of artificial intelligence software, says it has signed a deal with Warner Bros. Pictures International (WBPI), where Warner Bros. will use its AI-driven project management software. According to Cinelytic, the AI software will be used to help drive decision making as part of the greenlight process for film studios, and to inform decision making around content and talent valuation to support release strategies.