August, 2020

Uber CEO says service faces temporary shutdown in California over worker reclassification ruling

TechCrunch LA

Uber could be forced to shut down its ride-hailing app in California for several months if a court doesn’t overturn a recent ruling that classifies its drivers as full-time employees, CEO Dara Khosrowshahi said in an interview with MSNBC.

How Valence Aims to Provide Better Access and Funding for Black Founders & Executives

Both Sides of the Table

“I gotta say it was a good day.” I’m so fricking pumped today. Really, truly. Yeah, Valence announced > $5 million in funding led by GGV and Upfront. That IS a big deal, but I’ll get to that. But Kamala Harris was picked to be the Vice Presidential candidate for the Democratic Party.

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A million things can kill the deal.

Berkonomics

So, you’ve found the buyer, received a letter of interest, signed it, and exclusively tied your company up for a period to complete the deal. Everyone on the board is anxious to close this. You’ve committed time to do whatever is needed.

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Post-Breakup Apps Help Women Move On

L.A. Business Journal

After going through a difficult breakup, Elle Huerta created what she thought she and others in her situation needed: an app for women who had recently split from their partners

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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.

5 Keys To Negotiating Your Fair Share Of Any Startup

Startup Professionals Musings

I always tell entrepreneurs that two heads are better than one, so the first task in many startups is finding a co-founder or two. You need to find the skills or experience you don’t have in business, technology, or money.

Formsense Part Of $2.4M Grant Award

socalTECH

San Diego-based Formsense , a startup developing wearables and "smart apparel", says it has been chosen as a technology partner for a $2.4M grant from the National Institutes of Health (NIH). According to the company, it is part of a team from Umass Amherst, which is looking to deploy and test a new mobile health system--based on its wearables--to monitor and encourage movement and activity in the weak upper limb of stroke survivors in an ambulatory setting.

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National Business Plan Competition Deadline/Pismo Ventures

SoCal Tech Calendar

Sunday, September 6, 2020 -- National Business Plan Competition Deadline/Pismo Ventures. Pismo Ventures presents the National Venture Plan Competition (NVPC). The NVPC is a business plan competition offering startups and entrepreneurs, across the United State, a unique opportunity to present their plans to experienced investors, screen in front of multiple investor groups nationwide, win cash and in-kind prizes, and participate in an array of invaluable webinars.

What’s a “data room” and how do you use it?

Berkonomics

First, what’s a “deal book?”. Maybe you have not heard the term, “deal book.” That’s a comprehensive piece on a company for use by a buyer in determining fit.

AltaSea Signs Agreement to Work With Scripps, UCSD

L.A. Business Journal

AltaSea at the Port of Los Angeles, a nonprofit company focused on the ocean economy, announced Aug.

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7 Critical Resources For A Thriving Startup Community

Startup Professionals Musings

As a mentor to aspiring entrepreneurs, I often feel the frustration of someone trying to build a startup in the wrong place and time, and wrongly attributing their struggle to personal limitations.

EDF Renewables Partners With Masdar On Energy Projects

socalTECH

San Diego-based renewable energy developer EDF Renewables North America has partnered with Abu Dhabi-based Masdar , a subsidiary of Mubadala Investment Company, on a series of eight renewable energy projects in the United States. Financial details of the deal were not announced. According to the two companies, Masdar will acquire a 50 percent stake in a 1.6-gigawatt (GW) clean energy portfolio.

As it adds Jeremy Milken to the partnership, Watertower Ventures nears $50 million close for its new fund

TechCrunch LA

Derek Norton and Jeremy Milken have known each other for twenty years. Over their longtime personal and professional relationship, the two Los Angeles-based serial entrepreneurs have invested in each other’s companies and investment firms, but never worked together until now.

11th Annual Women In Green Forum

SoCal Tech Calendar

Thursday, August 27, 2020 --.

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Decoding and learning from a business failure

Berkonomics

Have you experienced a business failure? Are you currently at risk due to events you cannot control? Not all companies are successful. Your end game could be a failure of the business.

TikTok Remains Active While Weighing Its Options

L.A. Business Journal

The clock is ticking for TikTok

7 Characteristics Of Startup Founders Who Enjoy Life

Startup Professionals Musings

As an angel investor and a mentor to aspiring entrepreneurs, I’m always disappointed to see founders who seem stressed out most of the time, and more annoyed than energized by the abundance of challenges they see in building their startup.

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FASHIONPHILE Finds $38.5M For Luxury E-Commerce

socalTECH

Carlsbad-based FASHIONPHILE , and e-commerce company which sells pre-owned luxury handbags, watches, and fine jewelry, has raised $38.5M in a Series B funding round. The funding was led by private equity firm NewSpring Growth. The company is also backed by Neiman Marcus. FASHIONPHILE was founded in 1999.

LA gets a big SaaS exit as Fastly nabs the Culver City-based Signal Sciences for $775M

TechCrunch LA

Los Angeles was always more than a one-industry town, even when it comes to technology startups, as media and entertainment (and social networking) were always the big draws in Tinseltown.

What do investors want to see before they write that check?

SoCal Tech Calendar

Monday, August 17, 2020 -- What do investors want to see before they write that check? Pismo Ventures. Join JJ Richa in fireside chat with Kathie Priebe and Roland Schumann about what investors look for. For first-time and experienced entrepreneurs, the lingering question is the same: How do I get an investor to write a check? Sometimes the process of raising money seems more like a mystery novel that takes months to unfold and concludes with disappointing results.

What’s your personal-business end game?

Berkonomics

Remembering our original vision. When we start a business, we are optimistic that we will succeed and dream of riches to follow when the company is sold or even getting all the way to an IPO.

Canoo to Go Public in $600 Million SPAC Deal

L.A. Business Journal

Torrance-based electric vehicle developer Canoo Inc. has announced plans to go public through a reverse merger in a deal designed to provide $600 million in total capital

6 Ways To Pull In Customers Without Push Marketing

Startup Professionals Musings

Entrepreneurs have always believed that their product or service must show real value to customers, but today the smart ones are even able to make their marketing valuable. The days are gone when marketing was all “pushing product.”

SoCalGas Gets $7.1M for Zero and Near-Zero Emissions Vehicle Technology Research

socalTECH

Southern California Gas Co. , the primary supplier of natural gas to customers in Southern California, reports that it has received over $7M in funding from the U.S. Department of Energy (DOE), to advance its work on zero- and near-zero emissiosn vehicle technology. The company said $7.1M in funding from the DOE will go towards projects led by Cummins, Inc.,

Earn the best backlinks with high-quality content and digital PR

TechCrunch LA

Amanda Milligan. Contributor. Share on Twitter. Amanda Milligan is the marketing director at Fractl , a prominent growth marketing agency that’s helped Fortune 500 companies and boutique businesses alike earn quality media coverage, backlinks, awareness and authority. More posts by this contributor.

Valuation Trends and Insights with John Harbison, Chairman Emeritus of TCA

SoCal Tech Calendar

Monday, August 10, 2020 -- JoiValuation Trends and Insights with John Harbison, Chairman Emeritus of TCA. JJ Richa of Pismo Ventures in a fireside chat with John Harbison to discuss valuations and their trends. Valuation is a mysterious black box that ultimately determines whether there is sufficient demand among investors to get a company adequately funded.

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Biotech Roundup: FDA Culpa, Tricida Trips, Freenome’s Funding & More

Xconomy

Among the casualties of the COVID-19 pandemic: the credibility of government agencies entrusted with protecting public health. The FDA this week granted emergency use authorization for convalescent plasma as a treatment for infection by the novel coronavirus.

Miso Robotics Names Bell as Chief Executive

L.A. Business Journal

Miso Robotics Inc., the Pasadena-based robotics and artificial intelligence company, has appointed tech veteran Michael Bell as its new chief executive

5 Keys To Reducing Startup Risk By Building On Trends

Startup Professionals Musings

It may not be as sexy, but starting a new business which builds on an existing technology or business model is usually less risky than introducing that ultimate new disruptive technology.

Chatmeter Names Trio Of Executives

socalTECH

San Diego-based Chatmeter , a provider of local search marketing and reputation management services, said it has hired three new executives on Thursday. The company said it has hired Dan Cunningham as Chief Technology Officer; Nichole Peterson as Vice President of Finance; and Kathleen Titano as Director of People & Culture. Cunningham was previously CTO and co-founder of ReadyTalk. Peterson was previously Corporate Controller at Mapp Digital, and also served at Verve.

Getting an ROI on Your Digital Assets

Steve Reich

Bankers have a huge asset on their balance sheet that they are not managing: the traffic that flows daily to desktop and mobile Digital banking platforms.

10 Strategies That Work Best For Serial Entrepreneurs

Startup Professionals Musings

Entrepreneurs who experience success with their first startup are often amazed to realize that the risks and fears of doing it right the second time go up, rather than down.

7 Due Diligence Checks On Your Idea To Save Some Pain

Startup Professionals Musings

In my experience, consummate entrepreneurs tend come up with more startup ideas than they can ever implement, and some of the ideas may not even make business sense. But how does any entrepreneur know which ideas to implement, and which ones are best left behind?

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5 Ways To Build Startup Resilience And Avoid Failure

Startup Professionals Musings

One of the characteristics that every good investor looks for in an aspiring entrepreneur is resilience , or the ability to learn from and bounce back after a failure.

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8 Keys To Success In Your Next New Business Interview

Startup Professionals Musings

Startups and small businesses are different worlds from big enterprises, so the qualities you need to get a job in a new venture are different.

10 Alternative Funding Sources For Your New Venture

Startup Professionals Musings

One of the most frequent questions I get as a mentor to entrepreneurs is “How do I find the money to start my business?”

6 Keys To Translating Technology Into Business Value

Startup Professionals Musings

Young entrepreneurs often are so excited by new technology or their latest invention that they forget to translate it into a value proposition that their customers or potential investors can understand and relate to.