February, 2019

Techstars and Starburst Aerospace are launching a space industry accelerator in Los Angeles

TechCrunch LA

With the help of NASA’s Jet Propulsion Lab, the U.S. Air Force, Lockheed Martin, Maxar Technologies, SAIC and the Israel Aerospace Industries company, Techstars and Starburst Aerospace are launching an accelerator focused on the space industry in Los Angeles.

Inseego Ties With Ericsson On 5G Networking

socalTECH

San Diego-based Inseego , which develops wireless hotspots and other related technology, said it has partnered with Ericsson to bring new 5G NR (New Radio) products to the market. According to Inseego, it is launching a set of 5G NR products in 2019, which will provide high-performance 5G mmWave and sub-6GHz mobile and fixed wireless solutions for worldwide deployments. Financial details of the deal with Ericsson were not announced.

Why Has Seed Investing Declined? And What Does this Mean for the Future?

Both Sides of the Table

Seed investments are down by any measure (funds, deals, dollars) over the past 3 years in deals < $1 million AND in deals between $1–5 million. What gives?

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Would you sign a personal guarantee if you have investors?

Berkonomics

It’s a fact of life that a banker, lender or lessor will ask for a personal guarantee from the founder or entrepreneur most every time. But what if you’ve diluted your interest from 100% to something less than 50%? Should your investors expect you to carry 100% of the risk? The short answer is “yes.”

$190 Million in Cryptocurrency Missing Due to Lost Password

Tech.Co

Cryptocurrency is rarely out of the news, but the recent case involving Canadian currency exchange QuadrigaCX is a real show stopper. With the sudden death of its founder, Gerald Cotton, customers are owed an estimated $190 million due to a missing password only he knew.

10 Thinking Methods That Foster Business Innovation

Startup Professionals Musings

Innovation is the key to long-term business success, both in startups as well as established organizations. Yet every business and every entrepreneur I know struggles with this challenge, focused on hiring the right people and implementing the right process.

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Portfolium Acquired By Instructure

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San Diego-based Portfolium , a startup developing tools to allow students to showcase their achievements, projects, and other portfolio of academic work to potential employers, has been acquired by educational software provider Instructure , the two announced late Tuesday. Financial details of the acquisition were not announced. Portfolium was founded in 2014, and was led by founder and CEO Adam Markowitz.

High Functioning vs. Low Functioning Startup Boards

Both Sides of the Table

I’ve sat on many boards over the past 2 decades and seen my share of high-functioning boards and low-functioning boards.

Oh, go ahead and ask for a five-million-dollar investment in your startup.

Berkonomics

I cannot tell you how many times I have seen executive summaries of business plans in which the entrepreneur seeks $5,000,000 to build the business. Four reasons you should reconsider.

Study Finds Tech is Number One Industry for Workplace Drinking

Tech.Co

Workplaces and alcohol have a long and tipsy history together, from 60s-era Mad Men culture to a co-working space hot-button topic today.

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Viral Marketing And Word-of-Mouth Require Investment

Startup Professionals Musings

Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing.

Former Snap employees are launching Forge Platform for Ethereum devs

TechCrunch LA

Chris Lorenz, Geoffrey Anderson, and James Borow may have spent their days over the past few years working at Snap, but on nights and weekends Anderson and Lorenz were laboring on a different project — improving Ethereum development tools. .

TigerConnect Rolls Out New Software Product

socalTECH

Santa Monica-based TigerConnect , the developer of healthcare communications software, has rolled out a new set of products and product enhancements, all aimed at communications between healthcare providers, patients, and health systems. According to the company, it has rolled out a new product called TigerTouch, which it says allows health systems to communicate directly with patients through video, voice, and text.

A Deep Dive into What Has Really Changed in Venture Capital

Both Sides of the Table

I’ve heard a lot of people question whether there is too much money in venture capital chasing too few great deals. “We’re We’re in a new tech bubble!” some have pronounced. Valuations are out of control” is the mantra of others.

Once again: Is it the jockey or the horse?

Berkonomics

Early stage investors have been arguing over this for years. Do they bet on the entrepreneur (jockey) or the business idea and plan (the horse)? This is serious stuff.

Tesla Adds Dog Mode – Because Twitter Asked

Tech.Co

Tesla has announced that a “dog mode” will be added to its cars as soon as this week. The reason? Someone asked Elon Musk for it on Twitter.

7 Action Items Build A Sustainable Innovation Culture

Startup Professionals Musings

Every business founder knows the need for a culture that promotes continuous innovation, an entrepreneurial spirit, and one that creates sustainable value across all functions in the business. Yet most don’t really know how to create that environment, or assess when they have achieved it.

Timing and why we’re all VCs

TechCrunch LA

Timing is the single most valuable skill of the modern economy, but I would argue its’s the least understood and also the least practiced. Capitalism is fundamentally about timing, since market competition is about finding opportunities before others. When should you start a company?

Tapatalk Turn To Blockchain To Monetize Forum Content

socalTECH

Santa Monica-based Tapatalk , which develops a popular mobile application to allow users to access and read online forums, is turning to Blockchain in an attempt to reward content creators. According to Tapatalk, its "Gold Points" reward system--which rewards forum content creators based on pageview or ad impressions--will now be powered by blockchain technology. Tapatalk said its adoption of blockchain will make "micro-payments" more feasible.

The One Thing That Great Leaders Understand

Both Sides of the Table

One Thing That Great Leaders Understand I was scanning Twitter this past week and I came across these great Tweets by Michael Seibel at Y Combinator. When I was young I thought management was about distribution/delegation of responsibilities.

Once again: Is it the jockey or the horse?

Berkonomics

Early stage investors have been arguing over this for years. Do they bet on the entrepreneur (jockey) or the business idea and plan (the horse)? This is serious stuff.

Gimlet Media and Anchor: What Spotify’s Acquisitions Mean for Podcasts

Tech.Co

After a deal that just closed this week, Spotify is stretching its streaming wings beyond music and into podcasts.

The Sharing Economy Is Changing The Rules Of Business

Startup Professionals Musings

The pervasive ability and need to communicate constantly and globally through the Internet and smartphones is incenting everyone to get more out of their own assets and time, and capitalize on the idle resources of others.

Verified Expert Lawyer: Andrew Erskine

TechCrunch LA

Andrew Erskine has developed his legal career along with the rise of the tech startup scene in Los Angeles. Today, as a partner at Orrick in its Santa Monica office, he works with companies large and small in the area and beyond.

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Interview With Jamie Montgomery, March Capital Partners On The Firm's New Fund

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Santa Monica-based venture investor March Capital Partners (www.marchcp.com) announced last week that it has raised a second fund, worth $300M. To learn about the new fund, we sat down with Jamie Montgomery , one of the fund's co-founders, to hear about March Capital's strategy and the new fund. Tell us a little bit about the new fund? Jamie Montgomery: It's interesting, as you grow, you get bigger and more focused. We found out what we're really good at, and we're drilling into those areas.

This is the Dumbest Op Ed I’ve Read in a While

Both Sides of the Table

I understand that Adam Grant is a fairly popular professor at Wharton and has a book that some people loved called “Originals” (for me it interesting but not mind blowing, and I have some first-hand knowledge of some of its inaccuracies).

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Can you become a master negotiator?

Berkonomics

Think you don’t use negotiation most every day of your life? From the time we learn to manipulate our parents from the crib to today, we learn to negotiate to obtain our wants and needs. As we grow, we negotiate constantly with our parents, then with our peers.

7 Entrepreneurial Lessons From Tyler The Creator

InfoChachkie

A version of this article previously appeared Forbes. In my capacity as a Professor of Practice at UC Santa Barbara , I was asked by the Student Association if I would consider interviewing rapper, fashion designer and entrepreneur Tyler The Creator.

8 Strategies For Winning As A Freelancer Or Employee

Startup Professionals Musings

A big trend in business these days is hiring freelancers or contract personnel for the duration of a project, rather than permanent staff. According to a recent poll , contractors and freelancers could make up half of the American workforce within a decade.

With a $3.5 million haul, Dray Alliance joins a booming logistics startup scene in LA

TechCrunch LA

With an angle on a long-neglected part of the shipping industry — the short-haul movement of cargo from docks to logistics centers — Dray Alliance is joining a growing startup scene for logistics businesses based in Los Angeles.