Berkonomics
JANUARY 20, 2022
Dave’s note: This is a reprint of a 2015 insight that seems to have struck a chord with investors and entrepreneurs. None of this advice has changed… Let me tell you a few short hair–raising stories of entrepreneurs who have raised money and regretted it later. Here are some rules that entrepreneurs almost always ignore to their future peril.
L.A. Business Journal
JANUARY 3, 2022
A West Hollywood-based fintech announced the launch of a banking program Dec. 20 aimed at building Hispanic wealth through stakes in the crypto sector.
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TechCrunch LA
JANUARY 25, 2022
Starship Technologies , one of the bigger names in the world of autonomous delivery robots — those little caboose-like, boxy delivery vehicles that self-drive around cities — has been on a roll during Covid-19, providing extra (unmanned) horsepower to distribute food and other goods between stores or restaurants and consumers, at a time when consumers were either reluctant or being ordered to stay at home to minimize the spread of the virus.
socalTECH
JANUARY 20, 2022
Camarillo-based ImmPACT Bio, a company developing cancer therapies, said this week that it has raised $111M in a Series B financing round. The funding was led by venBio Partners, along with Foresite Capital and Decheng Capital, plus Surveyor Capital (a Citadel company), OrbiMed, Novartis Venture Fund, RM Global Partners (RMGP), and Bukwang Pharmaceutical.
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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.
Tech.Co
JANUARY 3, 2022
Well, another year has come and gone, and while we're yet to leave the pandemic behind, it has led to a record number of small businesses starting up. With all these businesses forming, it's possible that some future household names are finding their footing as we speak. Many of these businesses will take a while to gain some momentum, but there are already some fresh faces on the tech scene that are worth keeping your eyes on as the next year progresses.
Startup Professionals Musings
JANUARY 10, 2022
As a long-time mentor and advisor to new business owners, I can attest to both the need for mentoring, and the satisfaction that comes from watching an aspiring but tentative entrepreneur grow into someone capable of changing the world. Business is not rocket science, and one-on-one guidance face-to-face, with a real project, trumps the classroom and mistakes every time.
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L.A. Business Journal
JANUARY 3, 2022
As the clock was running out on 2021, L.A. County was poised to get another publicly traded company: Pasadena-based solar technology firm Heliogen Inc.
TechCrunch LA
JANUARY 26, 2022
Glossier, the popular beauty brand led by former blogger Emily Weiss, let go of 80 of its corporate employees today, according to an internal email obtained by Modern Retail. The cuts, which amount to around one-third of Glossier’s corporate workforce, will primarily impact the company’s technology team. “[W]e are shifting our technology strategy to leverage external partners for parts of our platform that we’re currently maintaining internally,” Weiss wrote in the email announcing the layoffs t
socalTECH
JANUARY 3, 2022
San Diego-based autonomous driving company TuSimple reports that it has sent its first, fully autonomous semi--without even a safety driver in the truck--80 miles, going from Tucson, Arizona to Phoenix. According to TuSimple, its truck made its 80 mile run on December 22nd, traveling from a railyard in Tucson, navigating surface streets and a highway at night, and arrived at a high volume distribution center in Phoenix.
StartUp Beat
JANUARY 21, 2022
One could say that 2021 taught us many things, but it could be argued that one of its most interesting lessons was how valuable the art of going viral is—giving people the capacity to reach millions from their at-home wifi […]. The post LINK Agency: Utilizing TikTok to Skyrocket Brand Awareness appeared first on StartUp Beat.
Startup Professionals Musings
JANUARY 2, 2022
Fundraising is brutal. Actually, according to Paul Graham of Y-Combinator fame, “Raising money is the second hardest part of starting a startup. The hardest part is making something people want.” More startups may fail for that reason, but a close second is the difficulty of raising money. Quite a while back, I outlined “ The 10 Best Sources of Cash to Start Your Business ” for startups, listing angel investors as alternative six.
Berkonomics
JANUARY 13, 2022
How might you view your successful exit from the company you have spent so much effort to build? You’ve worked hard for years to reach the payoff, and the money sure looks good as you contemplate the wire transfer to come, and then watch your bank account fill to a level you only dreamed of during those rough cash flow years. You might even allow yourself to admit that you almost lost it all several times during this long run, and that only you knew how close you came to the abyss.
L.A. Business Journal
JANUARY 24, 2022
Construction began earlier this month on a $25 million project to reconstruct a major taxiway at Long Beach Airport, according to an announcement from city of Long Beach, which runs the airport.
TechCrunch LA
JANUARY 27, 2022
Gaming has been one of the most popular entertainment categories in the last two years of pandemic living. Now, a gaming startup that’s building a new kind of platform that it thinks will be a — wait for it — game changer in the category is announcing some funding as to ride that wave of attention. PortalOne , which is building an immersive gaming platform that describes itself as hybrid in more ways than one — it mixes games with a game show/talk show format, and it̵
socalTECH
JANUARY 6, 2022
San Diego- and Galway, Ireland-based ONK Therapeutics announced today that it has raised $21.5M in its Series A funding. The funding was led by Acorn Bioventures and ALSHC, plus Cormorant Asset Management. The startup says it is developing optimally engineered natural killer (NK) cell therapies. ONK said the new funding will go to drive multiple, pre-clinical programs through IND-enabling studies, and also go towards GMP manufacturing capability.
AllTopStartups
JANUARY 19, 2022
Real estate investments are among some of the riskiest investments, but they’re also one of few investments that yield higher returns. One of the things that makes real estate so… The post Is Real Estate a Good Investment? The Pros & Cons of Real Estate Investing appeared first on AllTopStartups.
Startup Professionals Musings
JANUARY 28, 2022
Is it possible to be successful in business and not fulfilled? The answer is a resounding yes today, and I’m convinced that it will be even more true tomorrow, as young idealistic entrepreneurs try to adapt to the long-standing business culture if success is only measured in the money you make for yourself and your business. That isn’t very fulfilling to the growing number of entrepreneurs whose vision and satisfaction comes from making the world a better place, and enjoying a leisurely lifestyl
Berkonomics
JANUARY 6, 2022
First, the marginal exit event: Sometimes the end game or sale of the company is not a happy event for the early investors, including the entrepreneur or the founders. Especially when outside investors, venture capitalists or angels have put in substantial money, and the sales price is not enough to give them a reasonable return for the time and money invested, these investors can be – in a word – greedy.
L.A. Business Journal
JANUARY 24, 2022
Westwood-based Concrete-AI Inc., a UCLA spinout with technology to enable more efficient use of concrete, announced January 13th that it has raised $2 million in a seed financing round led by Boston-based Grantham Foundation for the Protection of the Environment.
L.A. Business Journal
JANUARY 3, 2022
There’s a new local entrant in the global decarbonization race: Culver City-based cleantech startup Mote Inc.
L.A. Business Journal
JANUARY 24, 2022
Last month, Southern California Edison, the electric utility subsidiary of Rosemead-based Edison International, announced two major moves to reduce reliance on greenhouse gases (GHG).
L.A. Business Journal
JANUARY 3, 2022
Peter Dohm’s list of top places to build an ice curling facility in 2019 did not include Vernon.
socalTECH
JANUARY 7, 2022
San Diego-based Chronos Tech said this week that it has named Ali Farhang as CEO of the company. Farhang also will join the company's board of directors. Farhang was most recently Corporate Vice President at Micron Technology, and also served 26 years at Intel. Chronos Tech is developing technology for systems-on-a-chip (SoC) in the cloud computing, AI, mobile, automotive, and other areas.
socalTECH
JANUARY 6, 2022
San Diego-based nonprofit fundraising software developer Classy says that more than $1.1 billion was raised by its nonprofit customers on its platform in 2021. The company--which helps nonprofits reach out to donors--said about $30.8 million of that was in recurring donations on its platform. The company has been developing tools to help nonprofits move donors to give on a recurring basis--more like a subscription--rather than just provide on-time donations.
socalTECH
JANUARY 11, 2022
Los Angeles-based AmazeVR has raised $15M more in a new funding, from Partners Investment and Murex Partners, plus Smilegate Investment, Quantum Ventures Korea, ABC Partners, Everrich Group, GS Futures, We Ventures, Base Investment, Duname&Partners, Mirae Asset Venture Investment, Mirae Asset Capital, Partners Investment and Timewise Investment. The company offers up a way for artists to hold concerts in augmented reality.
L.A. Business Journal
JANUARY 3, 2022
Westlake-based RBB Bancorp announced its entry into the San Francisco Bay Area Dec. 28 with the purchase of Gateway Bank F.S.B. in Oakland, a deal valued at approximately $22.9 million.
socalTECH
JANUARY 7, 2022
Beverly Hills-based Launch House, which hosts month-long, live-in startup programs in Los Angeles and elsewhere, is looking to raised $10M in a new venture capital fund, according to a regulatory filing from the company. The filing said the company is raising $10M to invests in startups. The company started originally during the pandemic, when its founders rented a home in Mexico to work on startup projects and fight off social isolation.
L.A. Business Journal
JANUARY 31, 2022
New digital technologies and advancements in business software have in recent years helped to expand the range of commonly offered employee benefits, making it easier for employers to include things like telehealth services and pet insurance in a company’s benefits package.
L.A. Business Journal
JANUARY 24, 2022
Mid-Wilshire-based 8minute Solar Energy on January 19th announced that it closed $400 million in financing from Washington, D.C.-based EIG Global Energy Partners, which specializes in investments in global energy and infrastructure.
L.A. Business Journal
JANUARY 24, 2022
The Long Beach-based tech platform creator iTrustCapital Inc. secured a $125 million Series A equity raise for its Crypto IRA software platform, the company announced on January 19th, with a post-funding valuation exceeding $1.3 billion.
L.A. Business Journal
JANUARY 17, 2022
Beverly Hills-based LiveOne Inc., the owner of streaming services like Slacker Radio, LiveXLive and PodcastOne, is making a foray into the gaming business with a newly launched subsidiary called GamifyOne.
L.A. Business Journal
JANUARY 17, 2022
Most casual internet users probably haven’t heard of TeleSign Corp., but if they browse the web using their phones, there’s a good chance they interact with the company’s technology on a regular basis.
L.A. Business Journal
JANUARY 3, 2022
Dave Inc., a West Hollywood-based fintech and banking app company aimed at “leveling the financial playing field,” will go public on the Nasdaq under the tickers DAVE and DAVEW in early 2022.
L.A. Business Journal
JANUARY 31, 2022
Millions of kids around the world participate in youth sports, but few have access to personalized instruction from professional coaches.
socalTECH
JANUARY 14, 2022
Los Angeles-based cloud storage provider IDrive said this week that it has added cloud backup support for Linux machines on its IDrive 360 product. The company said the support allows IT admins to schedule and automate backups for all of their organizational Linux data into a single account through a unified web console. The product is aimed at businesses, and starts at $29.50 per year per computer.
socalTECH
JANUARY 21, 2022
Santa Monica-based NextCar Holding Company (NXCR), the vehicle subscription company led by auto- and tech-veterans Scott Painter and George Bauer, said late Thursday that the company has launched a new, Tesla Model 3 EV subscription program through its new, consumer brand called Autonomy. NextCar recently made an $83M acquisition of the Autonomy brand, Autonomy.com, and related trademarks and brand IP.
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