July, 2019

Fortnite World Cup has handed out $30 million in prizes, and cemented its spot in the culture

TechCrunch LA

The Fortnite phenomenon — the wildly popular battle royale game from Epic Games — has manifested itself in concerned articles , cultural shoutouts and now has sealed its place in the cultural firmament by wrapping up its first “World Cup” which saw the company give away $30 million in prizes. Congrats to all of our winners this weekend at the #FortniteWorldCup Finals.

With $17M, Illumina Ties, Prenatal Tests Firm Cradle Genomics Debuts

Xconomy

Another company headed by former Illumina executives has launched, fueled with a $17 million Series A round from investors including a local venture capital firm. The new firm, Cradle Genomics, is seeking to commercialize improved non-invasive prenatal tests, which analyze blood from a pregnant person to determine whether a fetus will be born with an atypical genetic makeup. Such tests can, for example, detect an extra copy of chromosome 21, which causes Down syndrome.

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Video Interview: Len Lanzi, LAVA on How To Get Your Startup Funded

socalTECH

Len Lanzi is Executive Director of the Los Angeles Venture Association (LAVA) (www.lava.org), which helps startup entrepreneurs get their companies funded. Len gave some advice to startups on how best to get the attention of venture capital and other investors, at the recent First Look SoCal Showcase. READ MORE>>. lanzi angeles venture association interview startup entrepreneur funding capital investment

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New THC and CBD infused beverage company, Cann, joins the race to replace booze

TechCrunch LA

Cann , a Los Angeles-based purveyor of CBD and THC-infused intoxicants, is rolling out its first major distribution through the venture-backed delivery service Eaze as it begins to hit the streets in California. The company founded by two former Bain consultants is the latest to take on the growing market for non-alcoholic intoxicants that use a combination of chemicals traditionally found in the marijuana plant to make their drinks.

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.

Record Exit Value for VC-Backed Startups Could Fuel Investment

Xconomy

More than a third of the companies that went public in the first half of this year were backed by venture capital. That, plus robust merger and acquisition activity, set a record for venture-backed exit value—$165.2 billion in money returned to investors—that’s already topped all other full-year totals, according to the latest VentureMonitor, the quarterly report on venture capital investment complied by the National Venture Capital Association and PitchBook.

Can you name the two most powerful words for business?

Berkonomics

Here’s a puzzle where the answer come first. Help me.”. Over the years I have heard many stories from entrepreneurs, students, news reporters, even my children, all telling me that they could not get someone’s attention they wanted or needed until they used the words, “Help me.” The simple request is disarming, enlarging the object of the request to a status of importance in respect to the questioner that is difficult to ignore. The teacher in all of us.

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More Than 50 E-Scooters Pulled From Portland River

Tech.Co

The e-scooter vandalism pandemic continues, as Portland authorities have reportedly hauled more than 50 e-scooters out of a Portland river last week. E-scooters have begun taking over US cities in recent months, with Chicago being the latest to implement the technology just last month.

Pasadena's ArtCenter College Of Design, 3D Avatar Site IMVU Team

socalTECH

The ArtCenter College of Design , based in Pasadena, and social networking and 3D avatar site IMVU announced on Tuesday that the two have launched a new "studio partnership", which will let students in a course design their own, 3D experience in the IMVU world. According to the two, students in an "Online Avatars & Digital Landscapes" course will help address "business challenges associated with motivating communication in a mixed-reality world."

Marcus Hutchins, malware researcher and ‘WannaCry hero,’ sentenced to supervised release

TechCrunch LA

Marcus Hutchins, the malware researcher who became known as an “accidental hero” for stopping the WannaCry ransomware attack in 2017, has been sentenced to supervised release for one year on charges of making and selling the Kronos banking malware. Presiding Judge J. Stadtmueller described Hutchins, 25, as a “talented” but “youthful offender” in remarks in federal court in Milwaukee Friday.

Tech in the Sun: Summer Networking Party

SoCal Tech Calendar

Saturday, July 20, 2019 -- Tech in the Sun: Summer Networking Party. StartOut LA and Podshare present "Tech in the Sun: Summer Networking Party" a intergenerational networking event for new and seasoned entrepreneurs. Join us for our summer networking party as we help both new and seasoned entrepreneurs build business relationships in the Los Angeles Technology Ecosystem. You won't want to miss! link].

Can your team overcome messy problems?

Berkonomics

Some problems seem impossible to surmount. Leaders and teams can be overwhelmed. We’ve all probably experienced this. Several big problems hit us at once. Or the system goes down, stranding everyone. Or worse yet, “We’ve been hacked.” Add the twist of ransomware? The inevitability of a big problem. As we grow our businesses, we inevitably run into problems that seem for a time impossible to overcome.

Social Networking Startup MeWe Raises $4.5 Million

L.A. Business Journal

Culver City-based social networking startup Sgrouples Inc., doing business as MeWe, announced it raised $4.5 million in a venture round, bringing its total funding to $15 million since launching in 2012

9 Elements Of Every New Venture That Investors Expect

Startup Professionals Musings

New entrepreneurs are always looking for a shortcut in getting their venture story and plan across to investors, and closing on the funding they need. An effective tool I see used more and more, as a prelude to a more detailed business plan, is the Business Model Canvas , first introduced by Alexander Osterwalder back in 2008. It forces you to bridge the gap between idea and execution.

Thinkful Offers Up Stipends For LA Technology Students

socalTECH

Looking to boost your skills and get a job in the technology industry? Thinkful , a New York company, says it has started accepting applications from people in Los Angeles for its "living stipend" program, which pays students $1500 a month to pay for things like rent, gas, and food while they take the company's technology training--in exchange for a portion of their salaries when they graduate.

Doctours offers packaged medical tourism for U.S. customers

TechCrunch LA

Doctours , a Los Angeles-based online platform for booking trips and treatments for medical and dental care around the world, is expanding its services to 35 countries. Founded by serial travel entrepreneur Katelyn O’Shaughnessy, whose last company TripScope was acquired by Travefy, Doctours aims to connect patients with doctors to receive access to quality, affordable healthcare around the world. The cost of care in the U.S.

What Your Car Says About You

AllTopStartups

Cars are more than just the things you drive. They’re a part of who you are and tend to reflect your personality. Think about it. When you shop for a… The post What Your Car Says About You appeared first on AllTopStartups. LIFE HACKS car

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Hire for your core. Partner for the rest.

Berkonomics

A trend for businesses large and small. There is a major trend shaping up that is worldwide, already identified by hundreds of thousands of startup and small business CEO’s.

Loot Crate Closes Warehouse, Lays off 150 Workers

L.A. Business Journal

Lincoln Heights-based retailer Loot Crate Inc., which sells subscription boxes of apparel and collectibles, closed down its Vernon warehouse and laid off the facility's 150 workers this month

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7 Wise Leadership Strategies When Smart is Not Enough

Startup Professionals Musings

Most of the entrepreneurs I have met are smart, but many are not always wise. That means they may show great insights into a new technology that has marginal business value, their passion may motivate team members more than customers, or they may allow themselves to be pulled over the ethical line in their success drive. Wise leaders are authentic, timeless, and enduring. Of course, experience is the ultimate teacher of the differences between smart and wise.

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Nexa3D Expands North American Channel

socalTECH

Ventura-based Nexa3D , which develops 3D printers, says it is expanding its North American channel, with a new partnership with Dynamism. Dynamism is a provider of additive manufacturing solutions and services. According to Nexa3D, the addition of Dynamism will enable it to more rapidly expand its North American footprint. Nexa3D is a developer of industrial, 3D printing systems, which it says dramatically reduce 3D printing cycles of precision functional parts from hours to minutes. READ MORE>>.

Postmates’ self-driving delivery rover will see with Ouster’s lidar

TechCrunch LA

Postmates’ cooler-inspired autonomous delivery robot, which will roll out commercially in Los Angeles later this year, will rely on lidar sensors from Ouster, a burgeoning two-year-old startup that recently raised $60 million in equity and debt funding. Postmates unveiled the first generation of its self-described “autonomous rover” — known as Serve — late last year.

Startup Weekend Girl Scouts of Greater Los Angeles

SoCal Tech Calendar

Sunday, July 28, 2019 --.

Are you a remote manager? A good one?

Berkonomics

Are you a virtual manager? Can you be effective if you are a “virtual” manager, commuting from home or a home office and being with your employees only part time? Measuring your performance. In a virtual environment, people measure you mostly by your actions, and remember only the most recent good work you’ve done for them and for the organization. The typical scenario for a virtual manager. Today, many companies hire great managerial talent who commute from a remote home location.

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HyreCar Announces Pricing of Second Stock Offering

L.A. Business Journal

Downtown-based digital car-sharing marketplace HyreCar Inc. announced July 19 it will sell an additional 3.5 million shares to raise capital to expand its staff and technology offerings

6 Keys To Growing Your Career Through The Gig Economy

Startup Professionals Musings

While everyone agrees that the “ gig economy ” is really here, the practical realities, other than not counting on long-term employment, are not so obvious. In my role as a mentor to many business professionals, I still see some who have no idea how to adapt to the new realities. The simple answer is that we all have to start thinking like entrepreneurs, rather than entitled employees.

TenOneTen Launches New Podcast, LA Venture

socalTECH

Los Angeles-based venture capital investment firm TenOneTen Ventures has launched a new podcast, to highlight Los Angeles area venture capital funds, the fir is announcing today. The new podcast is run by Minnie Ingersoll and David Waxman, partners at TenOneTen, and it intended to help entrepreneurs get to know LA-based funds and the people behind them, according to Waxman.

The future of car ownership: Cars-as-a-service

TechCrunch LA

Car shoppers now have several new options to avoid long-term debt and commitments. Automakers and startups alike are increasingly offering services that give buyers new opportunities and greater flexibility around owning and using vehicles. Cars-as-a-Service. In the first part of this feature , we explored the different startups attempting to change car buying. But not everyone wants to buy a car. After all, a vehicle traditionally loses its value at a dramatic rate.

Startup Weekend Girl Scouts of Greater Los Angeles

SoCal Tech Calendar

Saturday, July 27, 2019 --.

Framework Benchmarks Round 18

TechEmpower

Round 18 of the TechEmpower Framework Benchmarks project is now available! When we posted the previous round in late 2018, the project had processed about 3,250 pull requests. Today, with Round 18 just concluded, the project is closing in on 4,000 pull requests. We are repeatedly surprised and delighted by the contributions and interest from the community. The project is immensely fun and useful for us and we're happy it is useful for so many others as well! Notable for Round 18.

SpaceX Fuels Industry’s Rebirth

L.A. Business Journal

Alumni of SpaceX are leading a renaissance in aerospace

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10 Challenging Insights From New Venture Innovators

Startup Professionals Musings

Most people agree that entrepreneurs have to think differently and take risks to have much chance of building a successful business. Yet I have found that serious entrepreneurs usually go way beyond these platitudes in their actions and thinking, and often won’t volunteer their real views, for fear of alienating “regular” people, and being branded a fanatic. In the classic book “ The Entrepreneur Mind ,” from serial entrepreneur Kevin D.

SpaceX Plans First Commercial Flights Of Starship In 2021

socalTECH

Hawthorne-based SpaceX is hoping to launch the very first, commercial missions for its Starship spacecraft--designed to deliver passengers to Mars--in 2021, according to the company , and is currently in talks with three companies on those missions. All three of those customers would use the new platform to send satellites into orbit. Starship and its Super Heavy launch system are eventually aimed at delivering passengers into space and an eventual mission to Mars.

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Mobile messaging financial advisory service, Stackin, adds banking features and raises cash

TechCrunch LA

When Stackin initially pitched itself as part of Techstars Los Angeles accelerator program two years ago, the company was a video platform for financial advice targeting a millennial audience too savvy for traditional advisory services. Now, nearly two years later, the company has pivoted from video to text-based financial advice for its millennial audience and is offering a new spin on lead generation for digital banks.

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Startup Weekend Girl Scouts of Greater Los Angeles

SoCal Tech Calendar

Friday, July 26, 2019 --.

No Co-Founder? Y Combinator Offers Matchmaking at Startup School

Xconomy

From the moment Talia Frenkel resolved to found a company after a kitchen-table talk with her parents, the odds were against her. There were a host of reasons—she wasn’t a software engineer, she had no product development experience, and she wanted to launch a consumer item that was already sold widely by established enterprises.

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LA Firms Lead VidCon

L.A. Business Journal

Fullscreen, Snap, UTA highlight conference lineup