Thu.Jun 13, 2019

Should a leader support constant change?

Berkonomics

The worrying that always precedes a change. When a new CEO or manager is hired into a company, for a while lots of energy flows from the top and new ideas seem to be generated daily.

Ideas 156

Silicon Beach Report June 13: Sure Raises $23 Million

L.A. Business Journal

Bird paid $25 million for Scoot; Sure raises $23 million; Disney Plus subscriber projections

Report 130

Atlazo Finds $3.4M For Healthcare IoT Technology

socalTECH

San Diego-based Atlazo , a startup developing systems-on-a-chip (SoC) semiconductors aimed at used in healthcare and Internet-of-Things (IoT) applications, has raised $3.4M in a seed funding round. The funding round was led by the Tech Coast Angels, and the TCA's San Diego chapter. According to the TCA, its angel network members invested $2.5M in the round.

Riot Games Under DFEH Investigation

L.A. Business Journal

California's Department of Fair Employment and Housing has launched an investigation into Sawtelle-based Riot Games for alleged gender bias and other discriminatory conduct

Spring Labs Finds $23M In Series A

socalTECH

Los Angeles-based Spring Labs , a startup developing a blockchain-based platform for sharing of financial information, has raised $23M in a Series A funding. According to Spring Labs, the funding was led by GreatPoint Ventures, and also included August Capital, as well as General Motors Ventures, the corporate venture capital arm of General Motors, RRE Ventures, Galaxy Digital, Multicoin Capital, The Pritzker Group, and CardWorks.

SoCal First Look Innovation Showcase 2019

SoCal Tech Calendar

Wednesday, June 19, 2019 -- SoCal First Look Innovation Showcase 2019. The SoCal First Look Innovation Showcase supports, nurtures and stimulates our unique innovation culture in Southern California and promotes its position as a vibrant hub for start-ups and emerging technology. In addition to the presenters, venture capitalists and early stage angel investors attend the event, along with local elected officials, business leaders and senior administrators from the universities. See [link] (mor

SoCal 100

More Trending

Your Tech Startup Is Probably Not Ready to Raise Money

Xconomy

I know, I don’t even know you. Here’s the thing. Let’s say Melanie is an early-stage investor. If she placed a bet blindly for every startup that thinks they’re ready to raise, her chips would fall on the “not ready to raise” words written in fancy script on the soft green felt of the betting table.

Report: Bird Picked Up Scoot For Bargain $25M

socalTECH

The acquisition by Santa Monica-based Bird of fellow on-demand, scooter service operator Scoot Networks , was worth a mere $25M , according to the WSJ. Bird--which announced the acquisition of Scoot on Wednesday--did not disclose financial details of the deal. However, the WSJ said "people familiar with the matter" said the deal only was worth $25M, significantly below the $70M valuation of Scoot Networks as of its last funding round.

Demand 108

Can AI Tools, $76M Lead BlackThorn to Targeted Pysch Drugs?

Xconomy

It’s notoriously tough for experimental psychiatric drugs to succeed in clinical tests. BlackThorn Therapeutics wants to show that an AI-driven, precision approach can make it easier, and today it’s added another $76 million to get the chance to prove it.

Tool 77

CerraCap Ventures Gets Strategic Investment

socalTECH

Costa Mesa-based CerraCap Ventures , a venture capital firm which invests in early stage technology companies, announced this morning that it has received a strategic investment, from a unit of IIFL Wealth Management Limited (IIFL Wealth), a large Indian private wealth management company. The investment went into CerraCap's second fund, CerraCap Ventures Fund II. Size of the investment was not announced.

Invest 108

Crowdstrike Surges In IPO Debut; CEO Kurtz Now A Billionaire

socalTECH

Crowdstrike , the cybersecurity software developer which was founded in Orange County, and which continues to have a healthy presence in Irvine, saw a huge surge in its IPO debut on Wednesday, making Crowdstrike CEO George Kurtz a billionaire. The company priced its IPO at $34.00 per share, well above its estimated initial IPO range of $28.00 to $30.00 per share, and opened up at $63.50 per share in its first trading on Wednesday morning. The company now is worth approximately $11.4

Seed&Spark Adds Former Kickstarter Exec to Team

socalTECH

Los Angeles-based Seed&Spark , a startup that operates an online, crowdfunding site for filmmakers and creators, has named former Kickstarter executive John Diamatos to its team. According to the startup--which focuses on films with a theme of diversity and inclusion--said that Dimatos was previously head of design and technology verticals at Kickstarter.

Sites 100