May, 2021

Playing the Long Game in Venture Capital

Both Sides of the Table

Silicon Valley and the media industry that surrounds it values youth. The culture is driven by the 20-something irreverent founder with huge technical chops who in a “David vs. Goliath” mythology take on the titans of industry and wins.

Cybersecurity Firm Britive Raises $10 Million

L.A. Business Journal

Britive Inc., a Glendale-based cloud cybersecurity company, has raised $10 million in Series A funding to continue to develop its security software

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Do you really need a board of directors?

Berkonomics

First, the short answer. No matter what your size, if you intend to grow your business into more than just a lifestyle workplace, you should create a board of directors. If you take money from knowledgeable investors, you will be required to create a board as a part of the investment process.

6 Steps To Personal Satisfaction As Well As Success

Startup Professionals Musings

It’s sad when the startup is “successful,” but the founder still feels totally unsatisfied. I see it happening all the time. The business is a winner, but the family or other relationships are broken by the stress.

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.

Park Place Payments Finds $1.5M

socalTECH

Los Angeles-based Park Place Payments, a fintech startup focused on payment processing, disclosed on Tuesday that it has raised $1.5M in a seed funding round. The funding was led by Curate Capital. Park Place is led by founder and CEO Samantha Ettus. The company's payment processing workforce is mostly women. park place parkplace payments payment processing venture capital

LA BEST - LA Bioscience Ecosystem Summit 2021

SoCal Tech Calendar

Thursday, May 27, 2021 -- LA BEST - LA Bioscience Ecosystem Summit 2021. The Los Angeles Bioscience Ecosystem Summit 2021 (LABEST) is the premier showcase for bioscience innovation in Los Angeles County. This event is a collaboration with colleagues from across the county to present promising academic research, entrepreneurial faculty investigators, as well as local start- up companies.

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LA Companies Hop Aboard NFT Bandwagon

L.A. Business Journal

Akash Nigam, founder and chief executive of Venice-based Genies Inc., said he wasn’t entirely sure what a nonfungible token was until last summer when he met with Dapper Labs Inc. Chief Executive Roham Gharegozlou

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Your time is as valuable as your money.

Berkonomics

Enterprise time as a measurable commodity. Let’s examine the challenges to a CEO in making use of enterprise time, one of your most valuable and often misused assets.

7 Ways Academic Connections Can Assist A New Venture

Startup Professionals Musings

An underutilized, but valuable resource, every startup should investigate is a formal or informal connection to your alma mater, including any local university.

Interview with Zeb Evans, ClickUp

socalTECH

For today's interview, we sat down and chatted with >Zeb Evans, the founder and CEO of San Diego-based ClickUp (www.clickup.com), the developer of a workplace productivity software platform which is based by such companies as Google, Airbnb, and Nike. ClickUp has raised $135M in venture capital so far. What is ClickUp? Zeb Evans: ClickUp is a workplace productivity platform, for putting all of your work in one place, including tasks, docs, goals, and chat.

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LA BEST - LA Bioscience Ecosystem Summit 2021

SoCal Tech Calendar

Wednesday, May 26, 2021 -- LA BEST - LA Bioscience Ecosystem Summit 2021. The Los Angeles Bioscience Ecosystem Summit 2021 (LABEST) is the premier showcase for bioscience innovation in Los Angeles County. This event is a collaboration with colleagues from across the county to present promising academic research, entrepreneurial faculty investigators, as well as local start- up companies.

Xbox teams up with Tencent’s Honor of Kings maker TiMi Studios

TechCrunch VR

TiMi Studios, one of the world’s most lucrative game makers and is part of Tencent’s gargantuan digital entertainment empire, said Thursday that it has struck a strategic partnership with Xbox.

LA Tech Companies Shake Up Real Estate Industry Norms

L.A. Business Journal

Lindsay McLean, founder and chief executive of Home-Lister Inc., said the idea for the company came to her after working with a real estate agent to sell her first home

Extending your Runway!

Berkonomics

Several years ago, I wrote a book entitled, Extending the Runway , using parallels to piloting a plane to equate to the process of creating and building a small company, making maximum use of resources to get to and beyond breakeven. It is worth revisiting the most.

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10 Tips For Entering The Startup Community This Year

Startup Professionals Musings

These days I see a surge of new startups as businesses seem to be recovering from the pandemic. If you are not starting one yourself, the next best thing is joining one as a partner, or as an early employee.

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GuRu Powering Wireless Charging For Motorola

socalTECH

Pasadena-based GuRu Wireless, a developer of wireless power charging technology, is powering a new effort to bring wireless charging to Motorola, the two companies said this morning. According to the two, Motorola and GuRu will work together to bring over-the-air wireless power to Motorola's smartphones. GuRu claims its technology allows for delivery of watts of power over meters. GuRu is led by CEO and co-founder Florian Bohn.

LA BEST - LA Bioscience Ecosystem Summit 2021

SoCal Tech Calendar

Tuesday, May 25, 2021 -- LA BEST - LA Bioscience Ecosystem Summit 2021. The Los Angeles Bioscience Ecosystem Summit 2021 (LABEST) is the premier showcase for bioscience innovation in Los Angeles County. This event is a collaboration with colleagues from across the county to present promising academic research, entrepreneurial faculty investigators, as well as local start- up companies.

Micromobility Companies Are Ready to Roll Again

L.A. Business Journal

Going into 2020, the micromobility industry was already experiencing some growing pains. A year later, local micromobility companies are optimistic

USC to Build New Computer Science Hub

L.A. Business Journal

USC officials will break ground May 6 on a new building that could become a key center for technological advancement in Los Angeles

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Topia Raises $5 Million For Virtual Reality Meetups

L.A. Business Journal

Topia Interactive Inc., which develops virtual meeting places where members can join “worlds” created by artists and designers, raised $5 million

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Snap Accelerator Boosts Startups

L.A. Business Journal

Launching a startup is like jumping off a cliff and building a hang glider on your way down, according to Nicole Emrani Green, who co-founded ecommerce gifting startup Givingli Inc

High-Speed Las Vegas Rail Project May Be Back on Track

L.A. Business Journal

A planned high-speed rail project between Las Vegas and Southern California that stalled out last fall amid the pandemic now appears to be back on track

The tender issue of stealing time

Berkonomics

It’s a big issue within any company. . With easy access to Internet shopping, games, social networks and more, employees can find many ways to focus on personal issues while at work, detracting from productivity and demonstrating a disrespect for the time paid for by their employer.

LA Startups Take Advantage of Booming Pet Care Industry

L.A. Business Journal

Owners are increasingly giving their dogs and cats the luxury treatment, which is leading to strong growth for the pet care industry in Los Angeles

Metro Approves $900 Million for Airport Connector Station

L.A. Business Journal

A direct rail connection to LAX has moved one step closer to reality, and Sylmar-based construction contractor Tutor Perini Corp. appears poised to deliver it

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Miso Robotics Releases Cooking Software for Restaurants

L.A. Business Journal

Miso Robotics Inc. will make the software behind its kitchen automation technology available to foodservice businesses as a standalone product

Whatnot Raises $50 Million

L.A. Business Journal

Marina Del Rey-based Whatnot Inc. raised $50 million in Series B funding to grow its staff and expand its marketplace of collectible fan memorabilia

AECOM Wins Portions of 2 Major Federal Contracts

L.A. Business Journal

Downtown-based infrastructure giant AECOM recently won portions of two major multiyear federal contracts

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Metro Approves $900 Million for Airport Connector Station

L.A. Business Journal

A direct rail connection to LAX has moved one step closer to reality, and Sylmar-based construction contractor Tutor Perini Corp. appears poised to deliver it

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Snap Posts First Positive Cash Flow

L.A. Business Journal

Snap Inc. recorded positive free cash flow in the first quarter of 2021, the first time the company has done so since going public in 2017

Nacelle Helps Retailers Ride Ecommerce Wave

L.A. Business Journal

Brian Anderson hated shopping on his phone

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Arcturus Studios’ Software Powers Holographic Videos

L.A. Business Journal

Augmented reality and holographic technology exist largely as a novelty for most Americans. But as smartphone cameras evolve and 5G networks come online, many investors and businesses are betting that the technology will become commonplace

Robotics Company Embodied Acquires Conversational AI Business

L.A. Business Journal

Pasadena-based Embodied Inc. released a product last year called Moxie, an artificial-intelligence-enabled robotic companion for young children

6 Ways To Extend Creativity To All Areas Of Business

Startup Professionals Musings

Most aspiring entrepreneurs believe their initial idea and inspiration requires the most important creative thinking.

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7 New Venture Strategies Improve The Odds Of Survival

Startup Professionals Musings

I’m always looking for evidence of early startup characteristics that might be predictors of long-term success. Every investor has his own list, usually based on his own very small sample, or simply his gut feeling.

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10 Ways To Build The Trust You Need To Lead A Company

Startup Professionals Musings

Based on my experience with startups, trust is the most valuable asset you can have, especially when asking people to step into the unknown by funding your innovation, by joining your team, or just buying your new product as an early customer.