June, 2021

What Mistakes Do VCs Make When Fundraising?

Both Sides of the Table

A few weeks ago, I had the pleasure of talking to Samir Kaji on the Venture Unlocked podcast about a wide range of topics that we as venture capitalists think about everyday, including: How to build a generational firm?—?retaining

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Triller Looks Toward IPO in July

L.A. Business Journal

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

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Mythical Games raises $75M to build an NFT game engine

TechCrunch LA

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.

Here are five TACTICAL skills of a great leader.

Berkonomics

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.

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.

10 Hints That Now May Be The Time For A New Venture

Startup Professionals Musings

Many budding entrepreneurs struggle mightily with that first step – out of their comfort zone and into the unknown. They keep asking people like me whether the time is right, and the truth is that there’s never an ideal time to start your own business.

Ankona Capital Raises $66M For New Venture Capital Fund

socalTECH

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.

More Trending

Heliogen Raises $108 Million for Solar Energy Technology

L.A. Business Journal

Pasadena-based energy technology company Heliogen Inc. has raised a total of $108 million in two funding rounds to help develop its industrial solar energy technology, the company announced June 15

Apple is opening a store in downtown LA’s nearly 100-year-old Tower Theatre

TechCrunch LA

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.

Three qualities of a great leader

Berkonomics

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.

7 Ways To Raise Your Visibility As A Business Leader

Startup Professionals Musings

By definition, all of you entrepreneurs are leaders, by taking the initiative to start a new company. Yet I have learned over the years as a startup advisor that all business leaders are not the same.

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Lead Edge Capital Raises $150M Fund

socalTECH

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. Lead Edge Capital said the new fund came from both new and existing limited partners.

On Funding?—?Shots on Goal

Both Sides of the Table

On Funding?—?Shots

Boring Co.’s Las Vegas Tunnel Opens to Public

L.A. Business Journal

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

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Shopify Plots Amazon Affiliate Marketing Attack

Tech.Co

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.

Hit the hardest issues first!

Berkonomics

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.

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8 Reasons To Initiate A Startup While Career Probing

Startup Professionals Musings

If you are one of the many professionals still trapped between jobs by circumstances outside your control, or are about to dump the loser job you have now, you should be actively defining and starting your own business, in parallel with looking for that ideal job.

Mentor 118

Revolution Prep Gets Growth Funding From Apax

socalTECH

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.

4 Reasons to Use a Local Managed Network Services Provider

Southern California Edison Blog

Enterprises trying to manage their own network often face challenges related to unreliable service, a lack of in-house expertise, and time-consuming maintenance.

LiveXLive Acquires Artist Development Firm Gramophone Media

L.A. Business Journal

Beverly Hills-based livestreaming platform LiveXLive Media Inc. will acquire New York-based artist development company Gramophone Media Inc. by the end of June

Tech Startup Culture May Have Changed For Good

Tech.Co

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.

Coach 148

Can you stretch the truth to make your point?

Berkonomics

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.

5 Ways To Turn Business Connections Into New Ventures

Startup Professionals Musings

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.

Ideas 118

Alliance For SoCal Innovation Aims To Connect Startups, Venture Capital

socalTECH

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.

SoCal 161

Which Enterprise-Level Managed Network Services Best Address Connectivity Challenges?

Southern California Edison Blog

Enterprises rely heavily on their networks to support day-to-day operations as they continue to innovate and grow their business. As they expand, they require a network with the necessary capacity, speed, security, and scalability to support their short and long-term objectives.

VR Company Specular Theory Lands $4.5 Million Air Force Contract

L.A. Business Journal

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

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Shopify Reveals Generous New Scheme for App Developers

Tech.Co

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.

Understanding How WiFi Networks Actually Work in Practice

AllTopStartups

Not that long ago, “WiFi” was a funny sound that tech professionals would throw around that no one else would understand.

8 Ways To Ensure Customer Interactions Are Memorable

Startup Professionals Musings

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.

Former Avast CEO Steckler Dies Unexpectedly In Irvine

socalTECH

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

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Plug and Play Downtown Los Angeles Launch

SoCal Tech Calendar

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.

K1 Invests $21 Million in Eltropy

L.A. Business Journal

Manhattan Beach-based private equity firm K1 Investment Management is making a $21 million investment in software company Eltropy Inc

PayPal Pumps Up Processing Fees

Tech.Co

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.

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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

TechCrunch

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.

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Entrepreneurs Are Needed To Make Web Searches Smarter

Startup Professionals Musings

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?"

Web 113

XPRIZE Awards Winner In $5M IBM Watson AI Prize

socalTECH

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. Zzapp gets $3M, Aifred gets $1M, and $500k goes to Marinus.

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Long Beach Small Business Online Networking Event

SoCal Tech Calendar

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].