June, 2020

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.

8minute Solar to Build Plant

L.A. Business Journal

Mid-Wilshire-based 8minute Solar Energy has signed a contract to develop a 250-megawatt solar energy and storage project in Kern County

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5 Stages Of The Market Lifecycle Gate Startup Success

Startup Professionals Musings

As a frequent advisor to new entrepreneurs and startups, I often hear your frustration with being treated differently from other startups by investors, on expectations for valuation , traction, and market size.

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. .

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.

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.

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.

Study 102

More Trending

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

Design 152

5 Strategies For Balancing Revenue Versus User Growth

Startup Professionals Musings

Some analysts argue that revenue drives growth, while others say user growth drives revenue. Both have worked. Google reached $1B in revenue within five years of incorporation, and now has a market capitalization of over $1 trillion.

.Net 136

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.

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.

Help 148

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.

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.

.Net 156

HyreCar Leans Into Deliveries

L.A. Business Journal

HyreCar Inc., the digital car-sharing marketplace, has set its first partnership with a car manufacturer

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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.

Coach 135

HBCUvc founder Hadiyah Mujhid on one way investors can advance racial equity

TechCrunch LA

In response to VCs’ sudden rush to invest in more Black founders , Black venture capitalists and entrepreneurs have penned a bunch of advice on the best way to tap into talent. Among the strategies? Team up with Black firms already doing the work.

Equity 181

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.

Roche Gets FDA OK for Injectable Version of Breast Cancer Drug

Xconomy

A new version of a combination drug marketed by Roche for early-stage and metastatic breast cancer with a specific genetic signature received FDA approval Monday for a formulation that can be delivered in minutes rather than an hour or more.

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.

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

7 Ways Your Day-To-Day Routine Drives Startup Success

Startup Professionals Musings

Most of the young entrepreneurs I know are classic proof of the old adage that people tend to overestimate what they can do in a short period, and underestimate what they can do over a long period.

Relativity Space gains new customer in Iridium and new launch site at Vandenberg

TechCrunch LA

Relativity Space has a new customer for its 3D-printed rockets: Established satellite maker and operator Iridium, which has picked the company for launches in 2023.

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.

Help 125

Artiva Bio Raises $78M to Broaden Access to Cancer Cell Therapies

Xconomy

Creating cell therapies for cancer is a complex process. The business case for them has proven tricky, too.

Heath Tech and Innovation. General Assembly

SoCal Tech Calendar

Thursday, July 2, 2020 --.

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Headspace Adds $48 Million to Series C

L.A. Business Journal

Headspace Inc., the Santa Monica-based meditation app developer, has raised an additional $47.7 million in equity from 10 investors for its Series C funding round

10 Key Business Plan Elements Not In A Product Spec

Startup Professionals Musings

As an advisor to new hardware entrepreneurs, I often hear the myth that a business plan is no longer required to find an investor, if your idea is good enough. You may have heard that venture capitalists in Silicon Valley no longer read business plans.

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.

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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Bio Roundup: Gilead’s Pionyr Grab, Relay to IPO, Unicorn Sana & More

Xconomy

Uncertainty related to the continued spread of the pandemic continued to consume most of the oxygen in the room this week, but life sciences news outside of that arena continued apace.

Women in Tech Networking Hour (Virtual)

SoCal Tech Calendar

Tuesday, June 30, 2020 --.

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

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.

Ideas 108

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.

Fralock Acquires Career Technologies USA

socalTECH

Valencia-based Fralock , which designs and manufactures specialty components for the aerospace, electronics, industrial life science, medical, satellite, and semiconductor equipment manufacturing industries, has acquired Chatsworth-based Career Technologies USA READ MORE>>. fralock career technologies semiconductor electronics manufacturing merger acquisition private equity

La Jolla Pharma Steps In With Better Offer, Wins Tetraphase Bidding War

Xconomy

It’s common for antibiotics developers to run into financial trouble these days but what’s unusual is seeing a bidding war erupt for one of them. The competition for Tetraphase Pharmaceuticals now has a new winner : La Jolla Pharmaceutical.

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