Wed.Oct 09, 2019

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Pharrell Drives Latest XPRIZE Concept

socalTECH

Los Angeles-based nonprofit XPRIZE --which runs prize competitions to help advance technology and solutions to world problems--said on Tuesday that celebrity Pharrell Williams has won the top prize in its latest "Visioneering 2019" annual gathering. According to XPRIZE, the concept for a new XPRIZE--from the Charter Communities XPRIZE team--won the top prize among 50 XPRIZE designs that were proposed during the gathering.

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Canoo Sued for Gender Discrimination

L.A. Business Journal

Electric vehicle startup Canoo and Chief Executive Stefan Krause were sued for wrongful termination by former communications lead Christina Krause.

Startup 145
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Image Metrics Rolls Out New AR Platform

socalTECH

El Segundo-based Image Metrics , a developer of computer vision and facial analysis and tracking tools, has rolled out a new platform for implementing augmented reality (AR), which it calls LUNAR. According to Image Metrics, the new tool is aimed at marketers, helping them to implement augmented reality (AR) effects for marketing initiatives. The company said the new platform helps brands avoid the "cost prohibitive" tools from existing social media platforms like Snapchat and Facebook, as well

Metrics 140
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Five Years After Y Combinator First Admits Biotechs, They’re Dug In

Xconomy

Five years ago, the big tech incubator Y Combinator started to welcome life sciences companies into its sizable startup classes, which had previously nurtured entrepreneurs in information technology almost exclusively. That opening to biotech startups in 2014 was controversial at the time. Some observers simply wondered what kind of guidance a deeply tech-focused accelerator could offer to biology lab scientists messing with live cells and tissues, and facing lengthy development times for new me

Incubator 108
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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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Virgin Orbit Plans Mars Satellite Launch

socalTECH

Virgin Orbit , one of the space launch startups backed by The Virgin Group, is planning an effort to launch small satellites to Mars, the company said on Wednesday. Virgin Orbit, which is based in Mojave, says it has teamed up with a Poland-based satellite company called SatEvolution , to create a new consortium dedicated to launching a commercial small satellite mission to Mars.

Startup 113
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Thin Line Capital Raises First Fund, Backed by Wavemaker

L.A. Business Journal

Pasadena-based Thin Line Capital raised a $5 million seed-stage fund to support clean technology and eco-friendly startups.

Capital 100

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7 Strategies To Make You A Business Leader Role Model

Startup Professionals Musings

We are living in a new generation of business, where customers drive the experience, and highly engaged employees are required to keep up with customer expectations. Traditional business leadership practices, including autocratic, reactive, and narcissistic, aren’t good enough. Over 16 percent of workers are still actively disengaged , and half have left at least one job because they hated their boss.

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Disney Aims At Netflix With Discounted Plans

socalTECH

Burbank-based Disney is taking aim at streaming giant Netflix , with an aggressive effort to sign up people for its upcoming Disney+ service. According to the Orlando Sentinel , Disney has been offering up its Founders Circle members a steep discounted, subscription deal, where Disney+ will pay less than $5 per month for the streaming television and movie service.

Netflix 113
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Two Bit Circus Teams For New Immersive Music Event With AR, VR, Startups

socalTECH

Los Angeles-based Two Bit Circus , which operates a STEM-focused "micro amusement park" that combines entertainment, technology, and often STEM education in its site in Los Angeles, is teaming up with music festival operator Superfly , to launched a new immersive music event series. According to the two, the new Superbit series will combined virtual reality and augmented reality with its music, combined with the carnival entertainment that Two Bit Circus is known for.

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Aaron Fyke, Thin Line Capital: The Second Wave Of Cleantech Investing

socalTECH

There's a new opportunity in clean technology investments, according to venture capitalist Aaron Fyke , the head of a new, Pasadena-based venture capital investment fund, Thin Line Capital (www.thinlinecapital.com). Thin Line--formed in partnership with LA's Wavemaker Partners--is hoping to take advantage of the growth in the clean technology market to find startups able to tapping into those now established markets, without the huge investment requirements of those first wave of clean technolog

Invest 113