L.A. Business Journal
JUNE 21, 2021
Century City-based TrillerNet, the owner of short-form video platform Triller, is preparing to file a confidential direct listing with the Securities and Exchange Commission in July that values the company at more than $5 billion, according to a source familiar with the plans.
TechCrunch LA
JUNE 9, 2021
Even as NFT sales dip below their most speculative highs, startups aiming to tap into their potential are still scoring big funding rounds from investors who believe there’s much more to crypto collectibles than the past few months of hype. Mythical Games , an NFT games startup based out of Los Angeles, has banked a $75 million raise from new and existing investors betting on the startup’s aim to expand the ambitions of their first title and locate a substantial platform opportunity
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Both Sides of the Table
JUNE 28, 2021
On Funding?—?The Denominator Effect I recently wrote a post about funding for investors to think about having a diversified portfolio , which I called “shots on goal.” The thesis is that before investing in an early-stage startup it is close to impossible to know which of the deals you did will break out to the upside. It’s therefore important to have enough deals in your program to allow for the 15–20% of amazing deals to emerge.
socalTECH
JUNE 28, 2021
Newport Beach-based Ankona Capital, a new, venture capital company founded by Josh Harmsen, Brian Mesic, Newth Morris, and Jared Smith, has raised $66M in its first, venture capital fund. The company says it invests between $5M to $10M in early, growth-stage B2B software companies which are already generating $5M to $15M in recurring revenues. Ankona says its portfolio companies already include several companies, including Canopy, Cordial, GoSite, SOCi, VideoAmp, and Zingle.
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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
JUNE 22, 2021
Shopify is planning to strike a blow at Amazon by entering the affiliate marketing space. An ecommerce giant with huge clout in bricks-and-mortar store retail, too, Shopify can boast to having more than one million retailers using its platform. Now, Shopify has apparently approached major publishers including Complex and Vox Media as well as getting Buzzfeed to sign on to the new program.
Startup Professionals Musings
JUNE 20, 2021
I often hear the popular notion that successful entrepreneurs are built from a single heroic insight or a single innovation. This is just plain wrong. The business world is a symphony of players and elements that only works when everything interconnects harmoniously. Continuous innovation and continuous learning are required for any sustained connection and success.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
TechCrunch LA
JUNE 22, 2021
This Thursday, Apple will mark the opening of a new store in downtown Los Angeles. The space occupies the newly renovated Tower Theatre, which opened in DTLA’s Broadway Theater District in 1927. Among other milestones, the 900-seat theater was the first in LA to be wired for the talkies, hosting a premier of “The Jazz Singer” that same year.
Both Sides of the Table
JUNE 27, 2021
On Funding?—?Shots on Goal Being great as a startup technology investor of course requires a lot of things to come together: You need to have strong insights into where technology markets are heading and where value in the future will be created and sustained You need be perfect with your market timing. Being too early is the same as being wrong. Being too late and you back an “also ran” You also need to be right about the team.
socalTECH
JUNE 16, 2021
Santa Barbara- and New York-based Lead Edge Capital, a private equity investor which focuses on growth stage investments in technology companies, said on Wednesday that it has raised $150M in a new fund. According to the company, the new fund will be used for public equity investments. Lead Edge Capital said the new fund brings the company's total capital under management to over $3 billion.
Tech.Co
JUNE 29, 2021
You know what a startup is, right? Or at least you have an idea of what a startup is like to work in? Long hours in co-working offices with CEOs fresh from university with big ideas and a lot of vague, nebulous chat about platforms. Don't forget the pizza parties and deskside beers funded by a seemingly endless stream of venture capitalist money, either.
Berkonomics
JUNE 24, 2021
It is hard to coach or teach leadership in a few paragraphs. But let’s try by limiting this short insight to a list of the five principal tactical skills of a great leader. These are not the strategic visionary skills, like leading companies through risky product launches, or steering the course through economic storms where leaders become oversized personalities for their superhuman efforts.
L.A. Business Journal
JUNE 7, 2021
Elon Musk’s Boring Co. is about to get its first real-world test as its 4-mile, $52.5 million tunnel loop opens to the public this week underneath the huge Las Vegas Convention Center campus.
TechCrunch LA
JUNE 10, 2021
Just over three months after its last funding round, European fintech giant Klarna is announcing today that it has raised another $639 million at a staggering post-money valuation of $45.6 billion. Rumors swirled in recent weeks that Klarna had raised more money at a valuation north of $40 billion. But the Swedish buy now, pay later behemoth and upstart bank declined to comment until now.
Startup Professionals Musings
JUNE 4, 2021
Probably every one of you who has a business and a website have been approached through email or personal contact, and asked to spend money on paid search results (appear on the first page of search results, despite low SEO rank). What most people don’t realize is, according to recent statistics , despite top positioning, only a quarter of sites selected comes from paid search.
socalTECH
JUNE 25, 2021
Santa Monica-based Revolution Prep, an academic testing and tutoring preparation company, has scored private equity funding from Apax Digital Fund. Size of the funding was not announced. According to Apax Digital, the new funding will go to expand Revolution Prep's offering and to increase access to its online tutoring services. The companies said that Revolution Prep has been in the business for over 20 years, and has served more than 1 million families.
Tech.Co
JUNE 30, 2021
Shopify has announced a new scheme for all of its App Store developers. Developers will not pay any commission on the first $1 million that they make in a given year. This scheme starts on August 1st of 2021. Before this scheme, Shopify used to charge 20% on every sale made through its service, but now, smaller businesses will take the whole value of the sale, with Shopify's cut of 15% only kicking in once the annual $1 million threshold has been passed.
Berkonomics
JUNE 17, 2021
There are lots of ways to measure a great leader. Here are three that should resonate with you as leader and with those who follow you. These qualities are applicable whether you are leading your company, a board, or a group of people – and certainly are aspiration targets for you if you are measuring yourself against the best. The first quality in a great leader is to have laser focus. .
L.A. Business Journal
JUNE 14, 2021
Beverly Hills-based livestreaming platform LiveXLive Media Inc. will acquire New York-based artist development company Gramophone Media Inc. by the end of June.
SoCal Tech Calendar
JUNE 28, 2021
Tuesday, June 29, 2021 -- Plug and Play Downtown Los Angeles Launch. Plug and Play has partnered with the LA Area Chamber, Alliance for SoCal Innovation and Downtown Center Business Improvement District to turn Downtown LA into the next urban innovation hub. Plug and Play will be opening their Los Angeles location at the TENTEN Wilshire building which innovated on the live, work, play all-in-one-place lifestyle.
Startup Professionals Musings
JUNE 12, 2021
Soon you should be able to ask your browser or smart phone context-specific questions like "Where should I take my wife for a good movie and dinner?" Your browser would consult its intelligence of what you and she like and dislike, take into account your current location, and then suggest the right movies and restaurants. If you are the first to deliver this, your startup might be the next Google!
socalTECH
JUNE 17, 2021
The Alliance for Southern California Innovation said on Thursday that it is launching a new program, the SoCal Venture Pipeline. According to the company, the new program will provide companies that have demonstrated clear market traction and provides targeted introductions to venture funds. The program is being funded by Silicon Valley Bank, with additional program support from Wilson Sonsini Goodrich & Rosati and KPPB, LP.
Tech.Co
JUNE 22, 2021
PayPal has announced price hikes for some of its merchant fees. The new changes, which take effect in August, will see fees rise from 2.9% to as much as 3.49% for some PayPal Digital Payments. These changes could have big impacts on some small businesses. However, it's not all bad news, as charity transactions will drop below 2%. Here's a closer look at the fees and the changes that PayPal will be making.
Berkonomics
JUNE 10, 2021
Reorder your priorities for maximum impact. There are two reasons to consider reordering your priorities to attack your most critical issues first, before the easiest ones to knock off the list. First, you are fresher at the start of a day, and your best efforts should come when you are best prepared to address these issues. Remember how easy it is to put off those final decisions at the end of a tiring and long day?
L.A. Business Journal
JUNE 14, 2021
Venice-based virtual reality software company Specular Theory Inc. secured a $4.5 million contract with the Defense Department to expand development of its training products for the Air Force.
SoCal Tech Calendar
JUNE 23, 2021
Tuesday, June 29, 2021 -- Long Beach Small Business Online Networking Event. The Long Beach SBDC is hosting a virtual networking event on Tues. 29/6/2021 at 4:30pm PDT for business owners interested in exchanging ideas. See [link].
Startup Professionals Musings
JUNE 11, 2021
Over my years as an advisor to new businesses and startups, I have learned that the only certainty that I can offer entrepreneurs is the fact they will face many uncertainties. So my first advice is that if you can’t handle uncertainty, don’t even start down that road. On the other hand, entrepreneurs have a reputation for being one of the happiest and healthiest career paths around.
socalTECH
JUNE 18, 2021
Vince Steckler, the former CEO of cybersecurity software developer Avast, has unexpectedly died in a car accident in Irvine, according to the software developer. According to Avast, Steckler passed away in a tragic car accident in Irvine, California, on June 15, 2021, at the age of 62. Steckler was active in the Orange County community, having recently donated $10.4M to the University of California, Irvine, with $5M going to the Center for Responsible, Ethical and Accessible Technologies within
Tech.Co
JUNE 28, 2021
Startup tech businesses used to land on the scene with big ideas about how their tech could change the world. Facebook, for example, decided in 2008 that its mission was to “help you connect and share with the people in your life.” The vision was grand and amorphous, with no clear indication of how or why Facebook would carry out its mission.
Berkonomics
JUNE 3, 2021
How easily it happens…. Sometimes it is easy for someone to make a statement that, in the enthusiasm of the moment or to make a point, crosses the line between fact and fiction. Sometimes it seems to you to be just an unimportant little stretch of the facts. An estimate of the number of customers, of the amount of traffic to your website, of the numbers of products sold or hours spent in development – there are thousands of areas where a number sounds better when it is larger.
L.A. Business Journal
JUNE 16, 2021
Manhattan Beach-based private equity firm K1 Investment Management is making a $21 million investment in software company Eltropy Inc.
SoCal Tech Calendar
JUNE 17, 2021
Wednesday, June 23, 2021 -- Viterbi Startup Garage: Oceanside Chat: Cleantech 2.0: What Every Entrepreneur Needs To Know. Who: Aaron Fyke (Founder and Managing Partner of Thin Line Capital). What: Energy/Sustainability, Greentech, Cleantech, Climatetech - these are all names attempting to group together the multi-trillion dollar opportunities that deal with our energy system, our built infrastructure, and our global economy, as it moves to a low-carbon and more sustainable future.
Startup Professionals Musings
JUNE 23, 2021
As a consumer, I rarely pay attention to your marketing pitch, but I certainly always remember a exceptionally positive total experience with your team, based on a memorable set of interactions from first contact to discussions with friends. Yet, as a business consultant, I often find minimal focus on improving employee engagement and assessing their customer-facing performance.
socalTECH
JUNE 24, 2021
Los Angeles-based XPRIZE, which operates a number of competitions aimed at encouraging advancement in key technology areas, says a Grand Prize Winner has been named in the IBM Watson AI XPRIZE Competition. According to the organization, the prize--first launched in 2016--goes to Zzapp Malaria, with second place going to Aifred Health, and a runner up prize to Marinus Analytics.
Southern California Edison Blog
JUNE 30, 2021
Enterprises trying to manage their own network often face challenges related to unreliable service, a lack of in-house expertise, and time-consuming maintenance. Local managed network services providers (MNSP) understand the communities they serve and their clients’ individual problems, promoting their business objectives by providing network solutions they can depend on. .
AllTopStartups
JUNE 16, 2021
Not that long ago, “WiFi” was a funny sound that tech professionals would throw around that no one else would understand. Now, it’s something that you’re likely to hear multiple… The post Understanding How WiFi Networks Actually Work in Practice appeared first on AllTopStartups.
L.A. Business Journal
JUNE 14, 2021
OneOf Inc., a company dedicated to releasing and minting nonfungible tokens, isn’t even a month old, and it already has plans to partner with celebrity artists like John Legend, H.E.R. and G-Eazy.
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