February, 2022

Brightline Firms Up Vegas High Speed Rail Line Connection to Metrolink Rail Network

L.A. Business Journal

Brightline West, the affiliate of Miami-based Brightline Holdings that is planning to build a high-speed rail line from Las Vegas to Southern California, is close to solidifying the planned line’s connection to the Metrolink rail system, allowing passengers to travel by rail from Las Vegas to downtown Los Angeles’ Union Station.

The lion and the ant: A managerial lesson

Berkonomics

This story has turned out to be one of the most enduring posts ever for me, well worth repeating. And what a lesson for us all. I confess that our research cannot find its source.

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How long can Zuckerberg afford to bankroll the AR/VR market?

TechCrunch LA

Hello friends, and welcome back to Week in Review ! Last week, we talked about about the “de-stonkifying” of the market. This week, we’re looking at a wounded Facebook/Meta that finds itself backed into a corner.

6 Essential Elements For Kickstarting Your Business

Startup Professionals Musings

Your marketing launch is the most important element of startup success these days, to get customer attention in this world of information overload. Yet it is the one element that too many entrepreneurs focus on only as an afterthought.

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.

Fama Finds $10M More

socalTECH

Los Angeles-based Fama, which is developing social media background screening services, says it has raised $10M in a Series B funding round. The company said the round was led by Silverton Partners, and also included Bullpen Capital, Crosscut, Navigate VC, Gaingels, and angels. The company said it will use the new funding round to scale its offering.

Etsy Is Boosting Seller Transaction Fees By 30%

Tech.Co

Ecommerce company Etsy is hiking its transaction fees for sellers for the first time since 2018. Starting on April 11th, fees will rise from 5% to 6.5% for each sale. The decision comes after a record fourth quarter in which Etsy gained $717.1

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More Trending

How credible are you to others?

Berkonomics

How do you define credibility in business? A friend of mine recently told me his story of how his very career rests on his credibility with his major supplier–partners.

News 156

Stradling Presents Free Zoom Panel Discussion: Debunking the Exit Myths, Part I

SoCal Tech Calendar

Thursday, February 3, 2022 --.

SoCal 100

5 Key Points Of Focus For Every Scalable New Venture

Startup Professionals Musings

I see more and more entrepreneurs who seem to have everything going for them – vision, motivation, passion, even a good business plan, product, and money, and yet they can’t close customers.

Cue Health To Provide Tests To Johns Hopkins

socalTECH

San Diego-based healthcare technology developer Cue Health said it is providing its molecular COVID-19 tests to Johns Hopkins Medicine (JHM), to help Johns Hopkins manage health and well-being among its employees. Financial details of the deal were not announced. Cue Health says its technology uses molecular nucleic acid amplification technology (NAAT), and provides its results to connected mobile devices in 20 minutes.

US Postal Service Launches Next-Day Shipping for Local Businesses

Tech.Co

Do you run a small business that ships products locally? You're in luck. The US Postal Service has just launched a delivery service for you.

Anti-Drone Directed Energy System Maker Epirus Raises $200M

L.A. Business Journal

Torrance-based Epirus Inc., which makes a microwave technology-based system to take out drones, announced Feb. 15 that it had raised $200 million in Series C funding, money that it intends to use to expand and to explore commercial power management applications for its technology

Finding “stinky clauses” in legal investment documents

Berkonomics

Here’s the problem: Investors sometimes join into investment rounds that have been pre–negotiated by others, receiving the paperwork already created by attorneys from that negotiation.

Invest 156

What if you and your investors don’t agree on an exit?

Berkonomics

First, the implied promise: Taking money from professional investors such as angels or VCs usually requires that you agree to seek an exit for those investors in your plan, often targeting five to seven years as the ideal period for growth before a liquidity event.

Equity 156

NVISIONx Raises $4.6 Million for Cybersecurity Platform

L.A. Business Journal

The cybersecurity industry has advanced significantly over the last decade, but data breaches and ransomware attacks at large corporations continue to occur relatively frequently

Fintech OpenNode Eyes Cryptocurrency Future

L.A. Business Journal

If Super Bowl ads are any indication, public interest in cryptocurrency is reaching new heights, meaning merchants large and small may be investigating the possibility of accepting payments in digital currencies like Bitcoin

Abundant Robots Aims to Automate Apple Picking

L.A. Business Journal

To many city dwellers, the idea of apple picking might bring to mind a pleasant fall activity

Heliogen to Build Manufacturing Plant in Long Beach

L.A. Business Journal

Pasadena-based solar energy technology company Heliogen Inc. announced Feb. 22 that it is building its first full-scale manufacturing facility in Long Beach, with production lines expected to start operation in the third quarter

8 Keys To A Multi-Generation Team Culture That Works

Startup Professionals Musings

It’s a whole new world out there in the workplace. Millennials want work that matters, and don’t care for hierarchies. Boomers are coming back to work, but because of their experience, they may be insulted by constant feedback.

Mentor 117

7 Ways To Solidify The Confidence You Need To Succeed

Startup Professionals Musings

You can’t win as an entrepreneur or business owner without full confidence in your own ability, as well as in your solution and business model. As an angel investor in startups, I always look for this self-confidence, no matter how innovative the solution.

10 Qualities That Will Make You Stand Out In Business

Startup Professionals Musings

To be successful starting a business, you don’t have to be a fabulous person, but it helps. Some people, and some entrepreneurs, have that something extra that you can’t quite put your finger on, like the judges are searching for on American Idol.

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Yardi Wins Investor Services Customer

socalTECH

Goleta-based property management and real estate software developer Yardi said this week that it has been selected by investor services provider IQ-EQ as its international real estate fund management platform. Financial terms of the win were not announced. Yardi said it will be used across IQ-EQ's global operations. yardi property management software iqeq international global realestate

5 Questions To Consider When Contemplating Advisors

Startup Professionals Musings

Many entrepreneurs I know are confused by the definition and need for an Advisory Board versus a Board of Directors.

8 Ways Entrepreneurs Find Disruptive New Technologies

Startup Professionals Musings

What sparks paradigm-shifting and disruptive innovation in any business? It’s a special mix of entrepreneur and company, regular in every respect except for having the courage and foresight to make an idea happen that was supposed to be impossible.

10 Ways To Highlight Your Startup Leadership Ability

Startup Professionals Musings

Based on my years of experience as a new business advisor, I always find leadership to be more important to business success than any new technology or innovative solution. The challenge is to adequately define leadership in terms of everyday activities.

6 Ways To Reinforce Team Behavior For Startup Success

Startup Professionals Musings

In my consulting work, when I ask team members in startups and small businesses how they know whether they are doing a good job, the typical response I get is “Nobody has yelled at me today,” or “No news is good news.”

Mentor 106

5 Ways To Break Out Of Linear Thinking And Leap Ahead

Startup Professionals Musings

It’s time for more entrepreneurs to reset their focus, and shift their thinking to completely different ways of doing things.

6 Strategies For Removing Drudgery and Dread At Work

Startup Professionals Musings

It’s time to take the drudgery and dread out of work at your business. You don’t like it, millennials won’t put up with it, and current productivity levels at work continue to decline. Only 34 percent of American workers are even engaged at work today.

Coach 105

5 Listening Practices That Ensure Team Understanding

Startup Professionals Musings

In my many years of consulting with business leaders and entrepreneurs, I have found that all of them realize the value of communication , in spreading the outbound message of mission and goals to their team and constituents.

6 Demands Of Today’s Me-Centric Customers On Startups

Startup Professionals Musings

I’m sure you have all noticed how today’s customers have changed the way they shop, but I still find, as an advisor and consultant, that many of you aren’t sure how to deal with the new mode, or are still waiting for things to get back to the old normal.

Demand 100

5 Strategies From The Military For Tackling Investors

Startup Professionals Musings

Don’t charge the hill until you are “ready.” This probably seems obvious to military types, but I see entrepreneurs violating this rule all the time.

Slides 101

8 Tips For Startups Preparing For The Media Spotlight

Startup Professionals Musings

Not so long ago, training to meet the press and television reporters was a realm reserved for top business executives only. Now, even the earliest stage startup can rise to visibility or be forever lost by their first media spotlight, so it behooves us all to know the rules early.

Tips 96

7 Ways To Foster A Team Culture Responsive To Change

Startup Professionals Musings

Many startups and entrepreneurs I advise still default to growing their business via the traditional top-down, order-taking culture. I’m convinced that you can’t stay competitive that way with today’s customers, and today’s employees.

7 Leadership Opportunities Founders Must Never Ignore

Startup Professionals Musings

I hear too often from business owners and entrepreneurs that they are bombarded by so many requests and problems, that they have trouble sorting out the daily crises from opportunities with a major payback for the business.

Coach 96

6 Initiatives To Prep Your Startup For The Road Ahead

Startup Professionals Musings

Change is about the only thing constant in the world of startups. Despite their own focus on changing the world, they often forget that they too have to change rapidly and often as the market evolves. Too many find that out too late, and are left chasing a rabbit that is long gone.

6 Ways To Find Courage For Uncomfortable Discussions

Startup Professionals Musings

As a mentor to many entrepreneurs and business owners, I find that many of you have a real fear of uncomfortable interaction situations with individuals on your team, and often delay these discussions endlessly until a crisis occurs.