December, 2019

Domio raises $100M in equity and debt to take on Airbnb and hotels with its curated apartments

TechCrunch LA

Airbnb has well and truly disrupted the world of travel accommodation, changing the conversation not just around how people discover and book places to stay, but what they expect when they get there, and what they expect to pay.

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Are you a consensus leader or dictator?

Berkonomics

It’s a good bet that you’ve been exposed to articles, courses and lectures about various styles of management, and how each is appropriate for some companies and for some levels of organization and at various times. When should the dictator in you emerge?

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LA Companies Prep for CES

L.A. Business Journal

Although it takes place at the Las Vegas Convention Center, the 2020 Consumer Electronics Show is a key event for technology companies and startups based in Los Angeles

5 Ways To Engage The Right People In Your New Venture

Startup Professionals Musings

In my work with new and aspiring entrepreneurs, I find that most struggle with putting together a written business plan, often pointing out that someone they know started a business without anything written down.

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.

The Station: Canoo hits the road, Coup shutters and Samsung shifts

TechCrunch LA

Welcome back to The Station, the go-to newsletter for keeping up-to-date on what the heck is going on in the world of transportation. I’m your host, Kirsten Korosec, senior transportation reporter at TechCrunch.

How to undermine or reinforce your corporate culture

Berkonomics

Ever had a manager who hung those motivational posters around the office, spoke of “pushing together,” or “you’re empowered to give great service” – and then acted at least once in complete disregard of those statements? You don’t want to be caught even once.

More Trending

Amazon, Ring Sued Over Security Camera Hacking

socalTECH

Amazon and Ring , the Santa Monica company now owned by Amazon, are the targets of a new class action lawsuit filed in Alabama by a man who claims Amazon and Ring have filed to do enough to secure their systems against hacking. The lawsuit still needs to be approved for class action status.

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Biogen Strikes Alzheimer’s Deal, Paying $45M for Ionis Tau Drug Rights

Xconomy

When it comes to Alzheimer’s disease, Biogen isn’t putting all of its eggs in the same basket.

Solve, the startup creating an interactive “Law & Order” for social media, raises $20 million

TechCrunch LA

When “Law and Order” ended its twenty-year run in 2010, it had already cemented its place as one of the longest-running television dramas in history. Its success was a testament to the enduring popularity of a good mystery. Mining that same well of a demand for whodunnits, a roughly one-year-old Los Angeles-based startup called Solve has raised $20 million in financing to update the genre for a new generation of media consumers.

Wavemaker, Launch Back Seed Round for Balloon

L.A. Business Journal

Wavemaker Partners and Launch co-led a $2.1 million seed funding round for software company Balloon

Let’s talk about your banking relationship

Berkonomics

The warning is real. You’ve heard the old one – that a banker always seems willing to offer a loan when you don’t need it. For small businesses, there is such truth in that statement that you can trust the story to be based as fact from experience. Exceptions and good reasons to work on them.

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7 Questions To Test Your Potential As An Entrepreneur

Startup Professionals Musings

As a mentor to aspiring entrepreneurs, the most common question I get is, “I want to be an entrepreneur -- how do I start?” The obvious answer is that you need an idea first, but I’ve come to realize that the process is really much more complex than that.

Reflections on 2019: Greg Monterrosa, Startup Community Leader

socalTECH

Every year, at the end of the year, we share some reflections on the past year from our readers, entrepreneurs, venture capitalists, sponsors, and others in the local technology community. Today, we share the thoughts of Greg Monterrosa ,a startup community leader who is currently Startup Weekend organizer, facilitator, and mentor and was a former Founder of MyLLC.com and Hub101. What was the biggest news for you/your company this year? The continued growth of startup communities in Los Angeles.

LAVA Healthcare Presents: The ins-and-outs of celebrity partnerships and how it can increase your company's value.

SoCal Tech Calendar

Tuesday, December 17, 2019 -- LAVA Healthcare Presents: The ins-and-outs of celebrity partnerships and how it can increase your company's value. Brand endorsements from celebrities and athletes have been proven to have a powerful economic impact on stock prices (Forbes 2016). With the advent of social media, these partnerships have become more accessible to even small businesses.

LAVA 100

ProducePay nabs $190 million debt financing to lend to farmers

TechCrunch LA

Los Angeles-based ProducePay has inked a $190 million debt facility from Coventure and TCM Capital, to expand its lending business and marketplace for farmers.

MedMen Restructuring Brings $37 Million in Savings

L.A. Business Journal

MedMen has received $37 million in gross cash proceeds for the sale of various businesses since Nov.

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How do you handle your cash reserves?

Berkonomics

Here comes some advice for all of us to use in business or in our personal lives. But to understand it, we need to delve into the short-and long-term sources and uses of cash. Good cash strategies to remember.

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7 Ways To Jeopardize Key Startup People Relationships

Startup Professionals Musings

Relationships are the key to survival and success for entrepreneurs, and first impressions usually turn into lasting impressions.

Interview with Clint Brauer, Greenfield Robotics

socalTECH

How do you reduce or eliminate the huge amount of chemicals farmers need today in farming for crops such as corn, soybean, or milo -- and help overcome the growing resistance of weeds to those chemicals? Greenfield Robotics (greenfieldrobotics.com), is a startup, split between Los Angeles and Kanasas, which is working on robotic systems which make it possible for farmers to remove their reliance on chemical sprays.

Preccelerator Workshop: Term Sheets w/ Caroline Cherkassky and Kelly Laffey

SoCal Tech Calendar

Tuesday, December 17, 2019 -- Preccelerator Workshop: Term Sheets w/ Caroline Cherkassky and Kelly Laffey. Topics that will be covered include: Type of financing: convertible notes vs SAFEs vs priced equity rounds Convertible notes and SAFEs: caps, discounts, and other key terms Priced equity rounds: economic provisions, voting rights, and other key terms. See [link] (more

Equity 100

Burst adds a super high-tech dental floss to its dental care offerings

TechCrunch LA

Burst , the subscription dental care service, with the pretty, pretty toothbrushes, has now added a sleek dental floss product to its monthly kits.

ProducePay Raises $205 Million Debt Financing

L.A. Business Journal

Glendale-based ProducePay Inc. raised a $205 million debt financing round Dec.

3 Internet Solutions to Improve Network Uptime

Southern California Edison Blog

According to Gartner researcher, Andrew Lerner, the average cost of network downtime is approximately $300,000 an hour. But that’s just the average.

8 Strategy Lessons For Establishing A New Business

Startup Professionals Musings

Winning customers as an entrepreneur in a startup has many parallels to a young army trying to penetrate some formidable new and unfamiliar territory. You need a strategy as well as a goal, and you need to pick your battles well.

Reflections on 2019: Anthony Citrano, Acquicient

socalTECH

Every year, at the end of the year, we share some reflections on the past year from our readers, entrepreneurs, venture capitalists, sponsors, and others in the local technology community. Today, we share the thoughts of Anthony Citrano , the founder and CEO of Acquicient (www.acquicient.com). We'll be featuring contributions all through the holiday season. What was the biggest news for you/your company this year? The birth of our company!

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LAVA Holiday Party and Global LAVA Relaunch

SoCal Tech Calendar

Thursday, December 12, 2019 -- LAVA Holiday Party and Global LAVA Relaunch. LAVA Holiday Party and Global LAVA Relaunch! Join us for a celebration of the season and the success of 2019! A special Holiday Party and relaunch of Global LAVA. Special Venue is Delair Studios in Hollywood. Come visit with LAVA members and Friends. Also featured is the Delair Studio Screening Room and a special screening using a new cinematic projection and audio system. See [link] (more

LAVA 100

Snagging Pearson’s AR assets and $1 million in cash, GIGXR is ready for its close up

TechCrunch LA

Meet GIGXR , the new owner of all of the assets of Pearson Immersive Learning Group , a subsidiary of the education and media publishing giant, Pearson. Formed specifically to roll up Pearson’s virtual and augmented reality assets, GIGXR is helmed by David King Lassman, the founder of streaming media company Vyclone and the Southern Californian venture capital firm White Hart Ventures.

VC Draper Moves into LA

L.A. Business Journal

Timothy Draper has a history of funding some of the technology sector’s most prolific startups and now the venture capitalist is bringing his money to Los Angeles

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Veracyte Aims to Expand Diagnostics Reach With $50M NanoString Deal

Xconomy

Veracyte, a company whose tests help physicians make treatment decisions, is adding technology from NanoString to the fold to expand its diagnostic capabilities.

10 Positive Signs For Starting Your Own Business Now

Startup Professionals Musings

With the current strong economy I’m seeing a continued resurgence of entrepreneurial spirit, and more startup activity than ever before.

Video Interview: Brad Rice, Homepie

socalTECH

Our video interview today is with Brad Rice , the CEO and founder of Homepie (www.homepie.com), a very early stage startup working on a marketplace to buy and sell homes, without an agent. READ MORE>>. homepie brad rice interview marketplace realestate home homes selling mortgage

Preccelerator Workshop: Employment Contracts and Alternative Compensation for Startups with Louis Wharton

SoCal Tech Calendar

Tuesday, December 10, 2019 --.

7 Benefits of Using Switched Ethernet Services

Southern California Edison Blog

Switched Ethernet enables organizations to meet bandwidth needs by leveraging the support of numerous dedicated station segments to maximize the efficiency of the available cable. An extremely reliable network solution that boasts high-quality.

BAM Ventures Makes Its Mark

L.A. Business Journal

After several years of investing quietly, BAM Ventures is making some noise, generating headlines in November with its largest exit to date when Mid-Wilshire-based ecommerce software developer Honey Science Corp. was sold to Paypal Holdings Inc. for $4 billion

Acadia Looks to Expand Drug Beyond Parkinson’s Disease Psychosis

Xconomy

Acadia Pharmaceuticals revealed late-stage clinical data this week that could support bringing its drug for psychosis to a broader group of patients. The Acadia (NASDAQ: ACAD ) drug pimavanserin (Nuplazid) is currently approved for treating psychosis associated with Parkinson’s disease.

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10 Financing Alternatives For Your Next New Venture

Startup Professionals Musings

The “valley of death” is a common term in the startup world, referring to the difficulty of covering the negative cash flow in the early stages of a startup, before their new product or service is bringing in revenue from real customers.