June, 2020

Anthos Capital and NBA All-Star Baron Davis back LA-based college tuition savings service, UNest

TechCrunch LA

UNest , a Los Angeles provider of financial planning and savings tools for parents including college savings plans and other beneficial investment vehicles for various life events, has raised $9 million in a new round of funding, the company said. . Its round will be used to speed up its growth through strategic hires and partnerships, according to UNest.

How to measure your power in the Internet marketplace.

Berkonomics

There are several key performance indicators that help new generation company management see more clearly their progress and corporate health. The old measures, including return on investment, percentage of profit against revenue or employee count, and more, obviously are still relevant. But businesses that expose their story to tens of millions of potential customers through the Internet need additional tools. Some of these are also applicable to non-Internet businesses.

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ClickUp Collects $35M

socalTECH

San Diego-based ClickUp , a startup which develops "remote work" software aimed at helping organizations collaborate on projects, has raised $35M in a Series A funding round. The funding was led by Craft Ventures, and also included Georgian Partners. As part of the funding, David Sacks has joined the board. According to ClickUp, its customers included Google, Nike, Uber, Airbnb, Netflix, and Ubisoft, where it helps replace or integrate workplace applications for employees.

Women’s Clubs Find a Way

L.A. Business Journal

Chief, a private executive organization designed to help women network their way into positions of power, had big plans to open a 13,000-square-foot, multiuse clubhouse on La Cienega Boulevard near Melrose Avenue this spring

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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.

7 Tips For Expediting The Scaling Of Your New Venture

Startup Professionals Musings

The military has long recognized that machine guns are force multipliers for rifles, but businesses have been slow to capitalize on this concept. Sometimes all the planning in the world isn’t enough for business survival, when things change as fast as they do today.

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Heath Tech and Innovation. General Assembly

SoCal Tech Calendar

Thursday, July 2, 2020 --.

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More Trending

Traditional marketing vs. social engagement

Berkonomics

Woe to those teaching yesterday’s methods. We all know that the world of marketing has turned upside down these past years through the power of the Internet. College professors teaching marketing must be having a real challenge keeping up with the new channels of communication, the relative values of advertising buys in this new world and explaining how to make the most out of these cheaper and more powerful channels. The new power model of marketing.

Bhavuk Kaul, How Gift a Plate Is Trying To Help Local Restaurants, Hungry

socalTECH

Recently, A new, nonprofit organization, Gift A Plate (www.giftaplate,org), launched effrts in Los Angeles, to allow people to donate to help both restaurants and families in need. The organization said it is looking to help aid restaurants and families who have been greatly impacted by COVID-19 in LA. The new nonprofit is was created by software company PlateIQ (www.plateiq.com), and is led by Bhavuk Kaul, who who chatted with about the new effort.

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Arch Shifts VFX Work to the Cloud

L.A. Business Journal

The coronavirus pandemic has slowed the visual effects industry, but Hollywood-based Arch Platform Technologies Inc. is helping to bring VFX artists back to their workstations, virtually

6 Entrepreneurship Advantages For Seniors In Business

Startup Professionals Musings

A popular myth that most of you probably believe is that startups are only for the younger generations. In fact, I see more and more evidence that new entrepreneurs are coming from the older age groups (age 45-64), and success rates move up with age. Is it possible that age and experience are more of an advantage in this business than young passion and fearlessness? Based on my own years of experience in big businesses, as well as startups, this is no surprise to me.

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Women in Tech Networking Hour (Virtual)

SoCal Tech Calendar

Tuesday, June 30, 2020 --.

Elementary Robotics is making its quality assurance robots commercially available

TechCrunch LA

Two years and more than $17 million after it first began working on its robots for quality assurance, the Los Angeles-based Elementary Robotics has finally made its products commercially available. The company already boasts a few very large initial customers in the automotive industry, consumer packaged goods and aerospace and defense, including Toyota, according to chief executive Arye Barnehama.

Economics 101: If water flows downhill, then why fight it?

Berkonomics

You’ll get the importance of this in a moment. Hang in there. Substitute the word “money” for “water” and we have an explanation for most all the reasons why successful products move from concept through early adopters through mass market. How money flows through the system. Money flows to the cheapest effective solution to a problem. Fighting this fact will just extend the misery of accepting a result with as product or marketing failure in the marketplace.

Dimer In Deal With Partnership For Airplane Disinfection

socalTECH

Los Angeles-based Dimer LLC , the maker of the "GermFalcon" germicidal lighting, has entered into a strategic partnership with Honeywell to the aviation market, the company said on Wednesday. According to Dimer, Honeywell will sell the GermFalcon as the Honeywell UV Cabin System for "airline recovery". Dimer's system uses ultraviolet light for disinfection of surfaces, something which has been used in the healthcare industry for years.

AECOM Names New CEO

L.A. Business Journal

Century City-based AECOM has named Troy Rudd to become its new chief executive, replacing longtime CEO Michael Burke

8 Indications Of A Real Entrepreneur Versus A Hacker

Startup Professionals Musings

As a startup investor, I often see business proposals looking for funding that really look like expensive hobbies looking for donations. I recognize that entrepreneurs tend to substitute vision and passion for formal processes, but using no discipline or process in building something new is a sure way to spend money, rather than see any return and build a self-sustaining business.

Virtual Tech Happy Hour

SoCal Tech Calendar

Thursday, June 25, 2020 -- Startup Coil Tech Happy Hour. Welcome to Virtual Tech Happy Hour. After brief announcements and updates from community leaders, we'll break up the community into smaller breakout groups and reshuffle every 10-20 minutes with different discussion topics. See [link] (more

Cities are wrestling with a potential new exodus in the COVID-19 era, but Urban-X still believes in their future

TechCrunch LA

Embodying the tensions that cities across the world face as they wrestle with controlling a pandemic in dense, urban environments, Urban-X , the accelerator for technology startups focused on the problems cities face, has launched its eighth, fully remote, cohort.

How much is that one additional unit worth?

Berkonomics

Most college econ courses teach marginal economics. So, not to scare those who didn’t take econ, here is a simple explanation. Let’s use breakeven as our test. Let’s say that your company is exactly at breakeven. Here’s the importance of that event and how it affects every productive move you make after that moment. There is amazing leverage in high gross profit margins once a company is past breakeven.

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Slingshot Aerospace Creates Online Mapping Tool For Food Help

socalTECH

Los Angeles-based Slingshot Aerospace , a startup which normally develops situational intelligence software, is helping to address some of the major issues to emerge out of the global COVID-19 pandemic, by helping to create an online mapping tool for finding food help.

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QR Codes Facilitate Contactless Ordering

L.A. Business Journal

Diners might soon find QR codes popping up on tables as local restaurants reopen under new health and safety guidelines designed to prevent the spread of Covid-19

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9 Different Approaches For Motivating A Startup Team

Startup Professionals Musings

Entrepreneurs inherently understand that they have to be the initial leader of their startup, but often they don’t have the experience or the training to know where their leadership competencies lie, or how to build a leadership team. For new entrepreneurs, leadership development efforts may be more valuable for achieving startup success than business skills development.

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Inclusive Startup Pitch Competition

SoCal Tech Calendar

Thursday, June 25, 2020 -- Inclusive Startup Pitch Competition by Startup Coil. Entrepreneurs and Seed Stage Startups pitch live to a panel of investor judges. We all get the future we build together. Entrepreneurs can have outsize impact on how societies and economies develop and evolve. Startup Coil is committed to supporting equity and inclusivity in search of a future that's brighter for all us.

Investors based in San Francisco? That’s so 2019

TechCrunch LA

As coronavirus keeps offices closed, wealthy venture capitalists are moving out of apartments in San Francisco and New York and decamping to other vacation-friendly zip codes. In San Francisco, a city known for high housing costs, rates for a one-bedroom apartment have dropped 9% from a year ago. As one investor said to me the other day: Will Lake Tahoe’s seed ecosystem have a resurgence?

Biotech Roundup: BIO on Racism, AbbVie Antibodies, IPO Surge & More

Xconomy

At the start of 2020 thousands of biotechies anticipated spending the second week of June in San Diego, hobnobbing at the annual conference hosted by the Biotechnology Innovation Organization. Instead, attendees from 64 countries spanning 28 times zones convened online this week for the first-ever virtual BIO International Convention. There, topics once as unanticipated as the remote nature of the meeting shared top billing: COVID-19 and racism.

Newegg Aims Sale At Those Stuck Inside

socalTECH

Holiday sales? Summer vacation sales? In a sign of the times, instead of the more traditional sales, Los Angeles-based online electronics retailer Newegg is aiming its next sale at people who are preparing to spend more time stuck at home this summer due to the pandemic, saying it has launched a new "Big Sale for Those Inside". The company said it will run its four day promotion starting June 22nd, with a variety of gaming products.

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Furniture Rental Startup Fernished Raises $15 Million

L.A. Business Journal

Beverly Grove-based furniture startup Fernished Inc. has raised a $15 million Series A, bringing its total funding to $45 million

5 Reasons Two Founders As A Team Are Better Than One

Startup Professionals Musings

It seems like every entrepreneur I meet these days is quick to proclaim themselves a visionary, expecting that will give more credibility to their startup idea, and improve their odds with investors. In reality, I’m one of the majority of investors who believe that startup success is more about the execution than the idea. Thus, unless the visionary highlights a cofounder who can take the vision and execute, I assume the worst.

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TechFire x DLA Piper: Bessemer Venture Partners' Ethan Kurzweil

SoCal Tech Calendar

Wednesday, June 24, 2020 -- TechFire x DLA Piper: Bessemer Venture Partners' Ethan Kurzweil, Join TechFire, and presenting sponsor DLA Piper to hear from a top Silicon Valley VC, Ethan Kurzweil of Bessemer Venture Partners! See [link] (more

Los Angeles-based childcare and co-working startup Bümo adds more virtual classes for kids at home

TechCrunch LA

When Bümo co-founders Joan Nguyen and Chriselle Lim began planning for the rollout of their business, a combination daycare and co-working space for professional women on the go, they never expected to be offering daycare services virtually. But in the face of a global pandemic, every company has had to improvise and in the few months since its launch in 2019, that’s just what Bümo did. Both Nguyen and Lim are serial entrepreneurs.

Reneo Readies for Global Test of Drug for Rare Mitochondrial Disease

Xconomy

Reneo Pharmaceuticals has encouraging results from an early trial of a compound it is advancing for rare diseases characterized by impaired mitochondria—our cells’ energy generators—and the company says it is now designing a large global study of its drug candidate.

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Aegis Technology Selected For NASA Grant

socalTECH

Santa Ana-based Aegis Technology , a developer of materials technology, has been selected for a $125,000 grant from NASA , to help develop low cost lithium-ion batteries with more desirable performance, including longer lifespans, NASA said on Tuesday. Aegis--one of a large number of companies selected for NASA SBIR and STTR grants this week--was highlighted as part of the announcement of $51M in awards for US small businesses.

Furniture Rental Startup Fernished Raises $15 Million

L.A. Business Journal

Beverly Grove-based furniture startup Fernished Inc. has raised a $15 million Series A, bringing its total funding to $45 million

8 Learning Principles To Keep You Ahead Of The Game

Startup Professionals Musings

Aspiring entrepreneurs who rely only on traditional learning vehicles (teachers, classrooms, and risk-free practice) are doomed to failure in anticipating change today. Either they are never really ready to commit, study an opportunity until it has passed, or fail with tools and techniques from a bygone business era. The Internet and the current information wave have changed everything.

TECHSPO Los Angeles 2020

SoCal Tech Calendar

Thursday, June 11, 2020 -- TECHSPO Los Angeles Technology Expo - June 10-11, 2020 - Los Angeles, CA. See [link] (more

DroneBase nabs $7.5 million in a slight down round to double down on its work in renewable energy

TechCrunch LA

DroneBase , a Los Angeles-based provider of drone pilots for industrial services companies, has raised $7.5 million during the pandemic to double down on its work with renewable energy companies. While chief executive Dan Burton acknowledged that the company was fundraising prior to the pandemic, the industrial lockdown actually accelerated demand for the company’s services. Even with the increased demand, the company had to make some changes.