January, 2023

article thumbnail

Recurring revenues: Oil or glue?

Berkonomics

Some types of businesses generate more and more recurring revenues over time, often growing to a size where recurring revenues pay all of the overhead of the company – an enviable position. The surprising recurring revenue trap.

.Net 296
article thumbnail

Hackers claim ransomware attack on Los Angeles housing authority

TechCrunch LA

The Housing Authority of the City of Los Angeles, or HACLA, has confirmed it is investigating a cybersecurity incident shortly after the LockBit ransomware gang claimed responsibility for a cyberattack on the agency.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

6 Startup Lessons Learned By Passionate Entrepreneurs

Startup Professionals Musings

Over my many years of mentoring aspiring entrepreneurs and business professionals, I often hear a desire to start a new business, with a big hesitation while waiting for that perfect idea and perfect alignment of the stars.

article thumbnail

Personal.ai Raises $7.8M

socalTECH

La Jolla-based Personal AI, which is developing artificial intelligence software to help users draft personal messages, retain, and recall personal information, has raised $7.8M in a seed funding round. The funding came from Supernode Global, Differential Ventures, BBG Ventures, Beni VC, Village Global, Keshif Ventures, and Good Friends (founders of Warby Parker, Harry's, and Allbirds).

article thumbnail

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.

article thumbnail

Building Bridges with the Tijuana & San Diego Startup Community

Startup San Diego

The post Building Bridges with the Tijuana & San Diego Startup Community appeared first on Startup San Diego. Startup News

article thumbnail

Can you get to the right person when you need to?

Berkonomics

Can your contact solve real-world issues? I recently experienced an amazing effort of outreach by a vice president of a large national customer asking for a meeting with the product development team of a critical supplier, one of “my” companies.

Customer 156

More Trending

article thumbnail

Looking to be acquired? Think the 10/40 or 20/20 rules.

Berkonomics

Public companies looking to acquire your growing enterprise usually have a few financial measures that help them weed out those candidates that will be too expensive in terms of effort or of too little financial attractiveness.

.Net 156
article thumbnail

10 Ways To Make Your Funding Pitch More Hard-Hitting

Startup Professionals Musings

The average length of a funding pitch to angel investors is ten minutes. Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes.

Slides 144
article thumbnail

9 Point Checklist For Success In People Communication

Startup Professionals Musings

Every business professional and entrepreneur believes they are good communicators, but how do they know? It’s really the perception of the recipients that counts, and poor communicators are almost always poor listeners, so they don’t hear the shortcomings.

Class 140
article thumbnail

5 Pitfalls to Avoid When Transforming Your Business

Startup Professionals Musings

No matter how well your business seems to have worked for you up to this point, you can be certain that it will need to be heavily transformed for tomorrow’s new world-wide economy and no industry sector boundaries.

Outsource 136
article thumbnail

8 Strategies To Capitalize On Untapped Global Markets

Startup Professionals Musings

In my experience, the Silicon Valley startup model, focused on disrupting established industries, has treated the USA well and created some great global businesses.

Capital 134
article thumbnail

10 Tips To Ensure That Your New Venture Is Investable

Startup Professionals Musings

Investors will tell you that they love to put money into startups that are scalable, and ready to become the next unicorn. But what does that really mean? Simply stated, it means that your business has the potential to multiply revenue with minimal incremental cost.

Tips 132
article thumbnail

4 Initiatives To Escape The Perils Of Linear Thinking

Startup Professionals Musings

Why do a few entrepreneurs, like Steve Jobs and Elon Musk, seem to come up with all the real innovations, while the majority of business leaders seem stuck in the rut of linear thinking?

Tool 124
article thumbnail

6 Mistakes Often Made By Entrepreneurs Due To Passion

Startup Professionals Musings

As an entrepreneur mentor and startup investor, I see with sadness the 50 to 90 percent that fail. If you ask them for a reason, most will insist that they couldn’t get funding, or they ran out of money too early. But I’m not convinced that it’s as simple as that.

article thumbnail

7 Tips On Written Communications To Startup Investors

Startup Professionals Musings

Even in this age of videos and text messages, the quickest way to kill your startup dream with investors, business partners, or even customers, is embarrassingly poor writing.

Tips 119
article thumbnail

10 Obstacles To Creative Responses For Market Growth

Startup Professionals Musings

Successful entrepreneurs are the ones who think the most creatively, not only in their initial product or service, but more importantly all through the stages of growth from startup to maturity.

Marketing 116
article thumbnail

10 Keys To More Satisfaction In Your Business In 2023

Startup Professionals Musings

Welcome to another challenging new year ahead! You’ve probably already made your resolutions for 2023, but if not, I suggest a renewed commitment to finding happiness and satisfaction in your chosen business lifestyle.

article thumbnail

6 Startup Challenges That Can Be Mitigated With Focus

Startup Professionals Musings

Many passionate entrepreneurs fight to add more features into their new products and services, assuming that more function will make the solution more appealing to more customers. In reality, more features will more likely make the product confusing and less usable to all.

IBM 111
article thumbnail

6 Due Diligence Concerns Before Outside Contracting

Startup Professionals Musings

If you have a software development background like mine, I’m sure you often get questions about when to outsource, versus building the solution in-house. The same applies to manufacturing and almost any process these days.

Offshore 110
article thumbnail

6 Ways To Develop A Business To Support Your Solution

Startup Professionals Musings

Almost every entrepreneur starts their journey by developing a solution, based on their idea of a new technology or required service. These idea and developer skills are necessary, but not sufficient, to build a business.

Develop 107
article thumbnail

6 Keys To Competitive Advantage By Memorable Service

Startup Professionals Musings

Customer service has traditionally been focused on the resolution of complaints , primarily after a transaction.

article thumbnail

Recognize And Capitalize On Business Team Superstars

Startup Professionals Musings

Every startup founder rightfully starts out as the single leader of the startup, but as the business grows, many entrepreneurs struggle with relinquishing any control, or fail to recognize and allow other leaders to emerge.

Capital 104
article thumbnail

6 Tactics To Ensure Your Team Is Happy And Productive

Startup Professionals Musings

Whether you are an entrepreneur managing a startup, or a corporate executive with thousands of employees, it’s hard to ignore the evidence of big value from happy employees.

Product 107
article thumbnail

10 Reasons To Market Globally While Selling Locally

Startup Professionals Musings

The world of marketing is changing faster than technology these days. Winning entrepreneurs have long since supplemented conventional print and video “push” marketing with digital online interactive “pull” marketing, and a while back added social-local-mobile ( SoLoMo ) to the mix.

Marketing 104
article thumbnail

10 Keys To Winning Your Career And Startup Challenges

Startup Professionals Musings

In business, you can never win every battle, but you must win the critical ones for your own longevity and the success of your business. Picking the right ones is more than half the battle.

article thumbnail

5 Principles For Learning From Practice In Business

Startup Professionals Musings

After years of working in small businesses as well as large ones, I’m convinced that you shouldn’t expect to get it all right the first time , and learning how to run any business is more a result of practice and experience than just academics.

Guide 98
article thumbnail

10 Ways To Boost Online Power In Building A Business

Startup Professionals Musings

Successful entrepreneurs often start with a “random” idea, but they quickly focus their efforts and follow a “system” to organize their startup and maximize the clout of their activities.

Writing 92
article thumbnail

CARI Health Connects With $2.3M

socalTECH

San Diego-based CARI Health, which is developing a wearable, real-time mediation monitor, said on Tuesday that it has raised $2.3M in a seed funding round. The funding came from the San Diego Angel Conference, NuFund Venture Group, Cove Fund, Chemical Angel Fund, Medical Devices of Tomorrow, along with other individual investors. The company said the funding will go towards in-patient clinical studies. The company said it plans to seek its next round of financing in the second half of 2023.

San Diego 133
article thumbnail

Virgin Orbit Mission Fails

socalTECH

Mojave, California-based Virgin Orbit reported on Monday that its first attempted launch of a payload from the United Kingdom "fell short of reaching its target orbit". The company, which launched the rocket from its customized 747, the Cosmic Girl, said that at some point after launching its rocket, the "system experienced an anomaly", "ending the mission prematurely". The launch had been the company's attempt to demonstrate that a space launch is possible from UK soil.

Report 113
article thumbnail

8 Tips For Success In Turning A Dream Into A Business

Startup Professionals Musings

As an advisor to business professionals and entrepreneurs, I often hear about an innovative new solution that could lead to business growth or a new business. Unfortunately, in my experience, it takes much more than an innovative idea to launch a successful business today.

Tips 78
article thumbnail

Stratolaunch Completes New Test Flight

socalTECH

Mojave-based Stratolaunch, the aerospace development firm which originally was founded by late Microsoft co-founder Paul G. Allen, said late last week that it has completed its second "captive carry" flight with a test vehicle.

Develop 100
article thumbnail

Semtech Completes Sierra Wireless Buy

socalTECH

Camarillo-based Semtech said late Thursday afternoon that it has completed its acquisition of Vancouver, British Columbia-based Sierra Wireless. The deal was worth approximately $1.2 billion, and was an all-cash transaction. According to Semtech, the deal is expected to add approximately $100M of high-margin IoT cloud services to its recurring revenues. Semtech is the developer of LoRa low-powered wide area networking semiconductors. semiconductor acquisition merger wireless sierra semtech

article thumbnail

EVgo Plans Charging Station Revamp

socalTECH

Los Angeles-based electric vehicle charging network operator EVgo said this week that it is launching a program to "replace, upgrade" and even "retire" hundreds of its stations. According to the company, the move will go to enhance its charger availability and will help with "building range confidence" for EV drivers. EVgo said said it has been installing its charging stations fore more than a decade. The company is calling its infrastructure upgrade "EVgo ReNew".

article thumbnail

Crypto.com Cuts 20 Percent

socalTECH

Singapore-based Crypto.com--the cryptocurrency company which owns the naming rights to the Crypto.com Arena in Los Angeles--has cut 20 percent of its staff, citing "economic headwinds" and "unforeseeable" events in the crypto industry. The cuts. reportedly impacted more than 2,000 people. Crypto.com blamed the collapse of FTX.

Report 100
article thumbnail

COSM Acquires C360

socalTECH

Los Angeles-base Cosm, which develops immersive media, said on Thursday that it has acquired C360, a developer of immersive video products based in Pittsburgh, PA. Financial details of the acquisition were not announced. According to Cosm, C360's client included sports media companies and leagues, plus various governmental agencies. Cosm said it was the lead investor in an early 2022 round of investment in C360. c360 cosm merger acquisition video immersive content

Media 100
article thumbnail

National Resilience Gets Investments From Mubadala

socalTECH

San Diego-based National Resilience, a provider of biopharmaceuticals manufacturing, said on Tuesday that it has received an equity investment from adala Investment Company PJSC (Mubadala), one of Abu Dhabi's sovereign investment funds. Financial details of the investment were not announced. National Resilience said it will construct a new manufacturing facility in Abu Dhabi, UAE, as a result of the investment.

Invest 100