February, 2020

Hyundai taps EV startup Canoo to develop electric vehicles

TechCrunch LA

Hyundai Motor Group said it will jointly develop an electric vehicle platform with Los Angeles-based startup Canoo, the latest startup tapped by the automaker as part of an $87 billion push to invest in electrification and other future technologies.

Warning: Contractors must really be independent!

Berkonomics

Our challenge is getting more difficult. How many of us have “hired” independent contractors over the years, a bit worried over the gray area between employee and contractor as defined by the IRS? Or separately the State of California?

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Why Meg Whitman is Betting on Quibi as“The Da Vinci Code of Content”

Both Sides of the Table

Every year, a personal Upfront Summit highlight is getting to sit down with experts in a field I care about.

BYD Delivers First Buses as Part of Anaheim Order

L.A. Business Journal

BYD Motors Inc., a downtown-based electric vehicle maker, delivered to Anaheim the first two electric buses of a previously announced 40-bus order, BYD announced Feb.

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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 Ways To Use An Advisory Board To Accelerate Success

Startup Professionals Musings

In my role as an angel investor to startups, I’m struck by the broad variety of advisor strategies I see in investor presentations and business plans that cross my desk. Some entrepreneurs are “lone rangers,” never mentioning any outside guidance, while others tout dozens of advisors.

Seqster Gets Investment From Takeda

socalTECH

San Diego-based Seqster , which develops software used f[link] health data management, said today that it has received an investment from Takeda Pharmaceuticals. Size of the investment was not announced. According to Seqster, it will use the new funding to accelerate adoption of its technology, which is used for managing clinical trials and patient engagement. Seqster is led by Ardy Arianpour.

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More Trending

Does your company have a “dirty cap table?”

Berkonomics

How it happens. When you seek professional investors, whether organized angels or venture capitalists, one of the early questions you are asked is “How have you financed the business so far?” Investors love to see entrepreneurs who have used their own money to ignite their businesses.

Amore Kitchen

Startup San Diego

We sat down with Chef Angela, owner of Amore Kitchen. Learn more about the challenges she's faced as she went from school teacher to business owner. The post Amore Kitchen appeared first on Startup San Diego. Startup Spotlight

Star Gazer

L.A. Business Journal

Steve Isakowitz is president and chief executive of Aerospace Corp., the nation’s only federally funded research and development center focused on aerospace

10 Timeless First Principles Of A Prosperous Business

Startup Professionals Musings

In this world of constant change, new technologies, and a thousand cultures, it’s evident and somehow comforting to me that the basic rules for business prosperity really haven’t changed in the last hundred years. Business success is still more about the people than the technology or idea involved.

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Amazon Eyes Alexa Team Hiring In Santa Barbara

socalTECH

Amazon is in a major expansion in Santa Barbara, with plans to hire as many as 300 people in a new, three story downtown location, all working as part of the Amazon Alexa team. Amazon's new space, at 1001 State Street, is expected to draw workers from UC Santa Barbara, Cal Poly San Luis Obispo, and other local universities, as well as from the region's existing supply of technology companies. Amazon's Alexa technology powers the many, voice-powered devices that connect into Amazon.

Bird is testing Bird Pay, which lets users purchase items from local businesses using its main app

TechCrunch LA

Another on-demand transport app is making a move into payments to expand the existing relationship with its customers (and subsequent margins that it makes from serving them).

CoronaVirus and small business: A discussion about economics

Berkonomics

By Harley Kaufman, guest author. Note from Dave: Harley is an old friend and avid reader of BERKONOMICS. With a background in management and technology, he gives us something to think about regarding today’s top-of-news subject. Addressing the issue to small and medium businesses.

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The Montgomery Summit

SoCal Tech Calendar

Thursday, March 5, 2020 --.

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AllVoices Harassment Reporting App Raises $3 Million

L.A. Business Journal

AllVoices, an app that enables employees to anonymously report harassment and other workplace issues, raised $3 million in seed funding

10 Manageable Risks That An Entrepreneur Should Take

Startup Professionals Musings

There is an old saying that good lawyers run away from risk, while good businessmen run towards risk. Entrepreneurs see “no risk” as meaning “no reward.” In reality, all risks are not the same.

Ingram Micro Grows Ecommerce Efforts In Canada

socalTECH

Irvine-based Ingram Micro , the big computer and technology distributor and provider of technology and supply chain services, said that its strategic business unit, Ingram micro Commerce & Lifecycle Services , is seeing record growth of its Canadian e-commerce business. The company said it saw an 87 percent increase in apparel/footwear orders and a 25 percent increase in consumer electronics in Canada in 2019.

Max Q: How to build a Starship

TechCrunch LA

Max Q is a new weekly newsletter all about space. Sign up here to receive it weekly on Sundays in your inbox. Busy week for SpaceX – across funding, space tourism, and next-gen spacecraft.

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How about personal guarantees for company debt?

Berkonomics

Is the guarantee still required today? More than ever, the banks and lenders today require personal guarantees from entrepreneurs, and even from CEO’s of angel or some VC funded businesses.

SCALE 18x

SoCal Tech Calendar

Thursday, March 5, 2020 -- SCALE is North America's leading open source community conference. Held annually in the greater Los Angeles area the conference draws over 3500 attendees from around the globe. See [link] (more

Media Draws a Crowd in Silicon Beach

L.A. Business Journal

As digital media continues to evolve, and as entertainment plays an increasingly crucial role in the category, Silicon Beach has developed into an essential location for big and ambitious companies

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7 Tips To Keep Your Team Ahead Of “Business As Usual”

Startup Professionals Musings

Most small businesses have now forgotten the last recession, and are back to “business as usual.” They don’t realize that business as usual is gone forever. With social media and smart phone apps, real product information spreads at astounding speeds.

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GumGum Gets $22M More For Advertising AI Software

socalTECH

Santa Monica-based GumGum , which develops artificial intelligence software for the advertising and media market, has raised $22M more in a funding round, the company said on Thursday. According to the firm, the new $22M funding came from Morgan Stanley Expansion Capital, NewView Capital, and Upfront Ventures. All three of those investors are existing investors in the company. GumGum is led by CEO Phil Schaeder.

SpaceX alumni are helping build LA’s startup ecosystem

TechCrunch LA

During the days when Snapchat’s popularity was booming, investors thought the company would become the anchor for a new Los Angeles technology scene. Snapchat, they hoped, would spin-off entrepreneurs and angel investors who would reinvest in the local ecosystem and create new companies that would in turn foster more wealth, establishing LA as a hub for tech talent and venture dollars on par with New York and Boston.

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Some thoughts about office politics

Berkonomics

Where’s the threat? It is hard to separate this kind of advice from economic lessons in running a business, when office politics can threaten a business in ways that are subtle, but sometimes just as devastating as economic shocks or continuing poor management. Examining the petri dish.

The Montgomery Summit

SoCal Tech Calendar

Wednesday, March 4, 2020 --.

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Silicon Beach Bash

L.A. Business Journal

While Silicon Valley remains home for many technology industry heavyweights, Los Angeles is rapidly gaining ground as a hub for both startups and established firms

7 Ways Growing Companies Drift From Startup Thinking

Startup Professionals Musings

Every new venture that survives the first five years starts to drift away from their entrepreneurial thinking, and assumes they have achieved the path to longevity.

ringDNA Acquires Sales Podcast, Hires Podcaster As Head Evangelist

socalTECH

Los Angeles-based ringDNA , the venture-backed startup which is developing artificial intelligence tools to help sales teams, says it has acquired a popular podcast focused on sales. According to the company, it has acquired the sales podcast "Accelerate!", which is run by Andy Paul, and will appoint Paul as its new Head of Revenue Performance Evangelism.

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Los Angeles-based ‘deep tech’ investment firm Riot Ventures is raising a $75M fund

TechCrunch LA

Riot Ventures , the Los Angeles-based, early-stage and deep technology investment firm is going out to market to raise a $75 million second fund to finance the development of startups in LA and beyond, according to fundraising documents viewed by TechCrunch.

Where’s your sense of urgency?

Berkonomics

It is human nature to start in a new position with enthusiasm, lofty goals, new ideas, and a heightened awareness of those around us and their ideas for the business. After time in our job positions.

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SoCal Startup Day

SoCal Tech Calendar

Wednesday, February 26, 2020 -- SoCal Startup Day. We are proud to announce the first annual SoCal Startup Day. We will have a jam packed day of festivities, exhibitors, investors, keynotes, fireside chats, activites, food trucks and cocktails, and the biggest startup event Orange County has ever seen! If you are looking to network and connect with Southern California's top startups, seeking funding, or just curious about the startup community, this is the event for you. See [link] (more

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Parsons Opens Satellite Facility Near Torrance

L.A. Business Journal

Parsons Corp., the multibillion-dollar engineering and infrastructure firm, is opening a new facility in L.A. County to pursue the rapidly expanding space satellite business

7 Startup Risks That Come With Other People’s Money

Startup Professionals Musings

One of the myths I often hear as an advisor to many entrepreneurs is that their lifestyle would somehow be better if they could more easily find other people’s money to build their startup.

Amazon's Bezos Spends $165M For Beverly Hills Mansion

socalTECH

In the latest move by a tech billionaire into the neighborhood, Jeff Bezos , the founder of Amazon , has paid a record $165M for a mansion in Beverly Hills. The mansion had previously been owned by David Geffen, who had owned the property since 1990.

With cinnamon, fruit and mint-flavored nicotine gum, is LA’s Lucy Goods the next Juul?

TechCrunch LA

David Renteln, the Los Angeles-based co-founder of Soylent and the co-founder and chief executive of new nicotine gum manufacturer Lucy Goods , thinks there should be a better-tasting, less-medicinal offering for people looking to quit smoking. That’s why he founded Lucy Goods, and that’s why investors, including RRE Ventures, Vice Ventures and FundRX joined previous investors YCombinator and Greycroft in backing the company with $10 million in new funding.