Thu.Jan 20, 2022

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The best advice startups will never follow

Berkonomics

Dave’s note: This is a reprint of a 2015 insight that seems to have struck a chord with investors and entrepreneurs. None of this advice has changed… Let me tell you a few short hair–raising stories of entrepreneurs who have raised money and regretted it later. Here are some rules that entrepreneurs almost always ignore to their future peril.

Startup 317
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ImmPACT Bio Lands $111M For Cancer Therapy

socalTECH

Camarillo-based ImmPACT Bio, a company developing cancer therapies, said this week that it has raised $111M in a Series B financing round. The funding was led by venBio Partners, along with Foresite Capital and Decheng Capital, plus Surveyor Capital (a Citadel company), OrbiMed, Novartis Venture Fund, RM Global Partners (RMGP), and Bukwang Pharmaceutical.

Capital 203
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BioTheryX Names Chief Business Officer

socalTECH

San Diego-based biopharmaceuticals company BioTheryX said today that it has named Sahm Nasseri as Chief Business Officer. Nasseri was previously CEO of PYC Therapeutics, an RNA therapeutics company based in the United States and Australia. In addition, Nasseri served at Merck & Co., serving as interim Vice President and Global Product Leader for Merck's HPV Vaccines, and also was at McKinsey & Company.

San Diego 113
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Nativo Names CFO

socalTECH

Los Angeles-based Nativo said this week that it has appointed technology veteran Rob Leff as the company's new Chief Financial Officer. Leff was most recently at VideoAmp, and also was CFO at OpenX, CFO at Fandango, and previously served at Countrywide Financial Corporation (purchased by Bank of America), Tanner & Haley Resorts, Intel and America West Airlines.

OpenX 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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Tom Brady, Richard Rosenblatt Get $170M More For NFT Venture

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Autograph, the NFT ageny which was co-founded by longtime Los Angeles technology veteran Richard Rosenblatt, alongside NFL quarterback Tom Brady, has raised $170M mor follow up investments from 01A and investments from LIghtpeed Partner e in its Series B funding, according to the company. The funding was led by a16z and Kleiner Perkins, as well as a fund run by Nicole Quinn of Lightspeed Venture Partners and Katie Haun.

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Untapped Ventures Launches Early Stage VC Fund

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Los Angeles-based Untapped Ventures said on Wednesday that it has launched a new, early-stage venture capital fund, which it says invests in companies that "help people live the best version of themselves, personally and professionally." The size of the new fund was not announced. The venture capital fund is led by Founding General Partner George Bandarian.