Berkonomics

JULY 1, 2021

Here’s one that most small company founders and CEO’s miss until it may be too late. What is the role of a chief financial officer in growing and protecting the company? How about co-strategist? I recently coached a CFO in a small company to urge the CEO to stop working upon the operational issues and focus upon the future, even if that meant a pivot to protect the business as the world was changing in that industry at an accelerated rate.

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socalTECH

JULY 1, 2021

Richard Branson, the founder of space tourism company Virgin Galactic--which was started in Mojave--is planning to launch himself into space, just nine days before Amazon's Jeff Bezos. According to Virgin Galactic, Branson hopes to fly into space this month on the next test flight of Virgin Galactic's spaceship. Virgin Galactic said Branson will be one of six people on board the launch from New Mexico, currently aimed at happening on July 11th.

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socalTECH

JULY 1, 2021

nThrive, the healthcare revenue cycle management software developer which is owned by Santa Monica-based private equity investor Clearlake Capital, has both a new CEO and CFO, the companies said today. nThrive said it has named Hemant Goel as Ceo, and James Evans as CFO of the newly acquired company. Clearlake made an investment and carved out nThrive earlier this year.

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socalTECH

JULY 1, 2021

San Diego-based Accel Robotics, which develops automated checkout systems designed for retail stores, claims it is seeing growth and success at its first rollout of "Valet Market", an automated store its has deployed ata a luxury, San Diego apartment building. The company--which opened the store on Jun 11th--says that so far over two thirds of the building's 679 units have downloaded its apps, and about one third of all of its transactions being done by deliveries to residents' door.

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Advertiser: Aggregage

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.

Company

socalTECH

JULY 1, 2021

Los Angeles-based FightCamp, which develops an interactive, at-home training system for boxing and kickboxing, said on Wednesday that it has raised $90 in a venture capital funding round. The funding was led by NEA and Connect Ventures, and also included angel investors like Iikka Paananen (Supercell), Fritz Lanman (ClassPass), Usher, and Katheryn Winnick, as well as boxers Mike Tyson, Floyd Mayweather, Georges St-Pierre, and Francis Ngannou.

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socalTECH

JULY 1, 2021

A new, Los Angeles-based venture capital firm, Willow Growth Partners, said this week that it has raised $28M in its inaugural fund. According to the firm, the early stage venture capitl firm will invest in emerging consumer brands and supporting technologies. The fund said those investments will include beauty, health and wellness, apparel and accessories, and food and beverage.

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