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The mayor of Los Angeles confirmed earlier reports that SpaceX will build its largest rocket, the BFR, at the Port of Los Angeles. The company intends to build a manufacturing facility on an 18-acre site at Berth 240 and use waterways to transport the massive rocket. SpaceX says the BFR is simply too big to be transported by roads. Announced last September SpaceX intends for the reusable BFR to eventually replace its Falcon 9 and Falcon 9 Heavy rockets.
Many people will write the history on why Ring became an enormously successful company and why it became a real-world unicorn in a world when many startups are anointed that merely on paper. Since I had a ringside seat to the company before it really existed all the way through the end I thought I’d offer my version and what I think it means for our future.
Reliam, a South Bay-based company that manages public cloud platforms for other businesses, announced it has acquired Stratalux, another South Bay-based cloud services company. Both Reliam and Stratalux work with Amazon Web Services and Reliam also works with Microsoft Azure.
I expect that you have a story about how insurance saved you lots of money in your past. As usual, I have a story to make your hair stand on end. But first: here’s a fact. Business insurance is one of the more poorly managed mitigation of risk in small and many medium sized corporations, often because of failure to assign the responsibility to an individual or department, and sometimes just from the willingness to bet against the event and save cash.
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.
Afraid of running into unexpected veterinary bills for that new puppy? A new, Los Angeles-based startup, Eusoh , is hoping to make it easier for people to handle unexpected veterinary costs, by banding people together in groups to help provide an alternative to traditional, insurance plans. The startup, led by CEO and founder Allen Kamrava, says it is backed by $2M in seed funding, which was raised back in September of 2017 through mostly friends and family.
A version of this article previously appeared in Forbes. I recently enjoyed John Covach’s History Of Rock Coursera course. In an early lecture, he explains how the Nazis’ desire to protect Hitler from assignation led to the invention of recording technology that was ultimately used by musicians to create multi-track recordings, such as the Beatles’ Sgt.
The city of Glendale, Calif. seems like an unlikely place to grow one of the next billion-dollar startups in the booming Los Angeles tech ecosystem. Located at the southeastern tip of the San Fernando Valley, the Los Angeles suburb counts its biggest employers as the adhesive manufacturer Avery Dennison; the Los Angeles industrial team for the real estate developer CBRE; the International House of Pancakes; Disney Consumer Products; DreamWorks Studios; Walt Disney Animation and Univision. “
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The city of Glendale, Calif. seems like an unlikely place to grow one of the next billion-dollar startups in the booming Los Angeles tech ecosystem. Located at the southeastern tip of the San Fernando Valley, the Los Angeles suburb counts its biggest employers as the adhesive manufacturer Avery Dennison; the Los Angeles industrial team for the real estate developer CBRE; the International House of Pancakes; Disney Consumer Products; DreamWorks Studios; Walt Disney Animation and Univision. “
Thursday, May 3, 2018 -- LA CEOs. The Entrepreneurial Operating System to Achieve Results Josh Holtzman will share simple, practical tools you and your leadership team can begin using right away to get better results. Josh is a fourth generation entrepreneur that helps people get what they want from their businesses. Since beginning his career during the first Santa Monica dot.com boom in 1999, Josh has built and sold his company twice, and along the way managed to pick up accolades such as beco
Money in the bank is like oil in the car. Certainly, you have many ways you are pulled every day, both tactical and strategic. But when money is the issue, your time, energy and focus are drained from other important areas of your life or business. Running out of money is not always synonymous with “going broke”. Many great businesses in their growth periods find themselves stretched for cash.
What is Startup Boost , and how is it looking to help early stage startups in Los Angeles? We recently sat down with Matt Stodder , Co-Director of Startup Boost/Los Angeles, and Blake Caldwell , Global Director of Startup Boost, to learn more about the program, what it offers up to startups. Explain what Startup Boost is? Blake Caldwell: This is our second cohort at Startup Boost, which is a preaccelerator.
On a sunny spring afternoon, William Henry Gates III strolled into the Harvard University science center. Several hundred students and invited guests were waiting for him in the auditorium. Security was tight, but not overly so (he’s used to it). Gates was there Thursday for a conversation with Frank Doyle, Harvard’s dean of engineering and applied sciences (pictured on the left with Gates), and to take questions from students on a variety of topics: his time at Harvard, his advice to young peop
Brud , the actual company behind one of Instagram’s most popular virtual influencers (it’s a thing), has raised millions of dollars from Silicon Valley investors because this is 2018 and everything is awful. Last week, the Los Angeles-based startup led by Trevor McFedries , outed itself as the collective consciousness behind the virtual celebrity Lil Miquela and her less well known contemporaries Blawko22 and BermudaisBae in a choreographed melodrama worthy of Los Angeles’ bes
Tuesday, May 1, 2018 -- Strategic Partnerships and Business Development Tactics. Join us as Stuart Halperin, founder of Hollywood Online (now Hollywood.com), discusses tactics for business development and strategic partnership creation when building your early stage startup company.
Amazon.com Inc. didn’t waste any time dropping the price of Ring Inc.’s video doorbell to $99.99 from the prior retail price of $149.99. The announcement came on April 12 at the same time Amazon and Ring officially closed the $1 billion acquisition.
Small companies most often scrape by with borrowed or invested funds, doing everything possible to grow and prosper with limited resources. So, it is like a punch in the gut when an employee makes a claim against the company for a perceived or actual but unintentional violation of a law or regulation. Or when a former employee strikes out with a suit claiming discrimination for one of a thousand causes.
Redlands-based Esri , the developer of geographical information systems (GIS) software and related products, has inked a collaborative agreement with Chinese Internet giant Alibaba Group , via Alibaba's cloud computing arm, Alibaba Cloud. According to the two, the deal will help customers who are seeking to implement Esri technology on Alibaba Cloud.
View the Slideshow With the first quarter in the books, it’s time to step back and lay out Xconomy’s editorial map for the rest of the year. As readers know, we strive to cover a wide range of innovation sectors, from tech and life sciences to healthcare and education—all with a mix of on-the-ground reporting, daily news stories, in-depth features and analysis, and events and conferences.
In an inspiring poem written by Erik Qualman , he recalled a question asked by his father, “What footprints do you want to leave in the sand?” While this metaphor didn’t have much meaning as an adolescent, today his digital leadership has helped brands, organizations, and individuals achieve their best digital legacy. Qualman is a top technology and motivational speaker, bestselling author, futurist, and chairman of Equalman Studios, which has produced film and animation projects for glob
Santa Monica-based consumer Internet company Leaf Group --the owner of such online properties as Saatchi Art, Livestrong.com, Society6, and Hunker--has named a new General Counsel and Executive Vice President. According to the company, Adam Wergeles joined the company to serve as General Counsel and Executive Vice President, joining the company from Serviz, where he had been Executive Vice President, Business and Legal Affairs, and General Counsel.
Los Angeles-based KEYPR , the venture-backed startup developing hospitality technology, says that it has added the former CEO of Sony Interactive Entertainment, Andrew House, to its Advisory Board. House worked on the Sony PlayStation 4 and the PlayStation Network. KEYPR is backed by Karlani Capital, plus a number of hospitality industry executives.
Santa Barbara-based HG Data , which develops software for the B2B technology sales and marketing area, said this morning that it has named Elizabeth Cholawsky as its new CEO. Cholawsky replaces founder Craig Harris, who has transitioned to research and development, and will remain a Director and Chairman of the Board of the company. Cholawsky was previously President and CEO of Support.com, and also had been General Manager at Citrix, leading that firm's GoToMyPC and GoToAssist businesses.
Los Angeles-based Maverick , a new startup launching a social network for girls, has raised $2.7M in a seed funding round, as it prepares to launch its service. Maverick, founded by Brooke Chaffin and Catherine Connors--both former Disney executives--said the seed funding came from Matt Robinson of Heroic Ventures plus Susan Lyne and Nisha Dua of BBG Ventures and Jeff Weiner, CEO of LinkedIn.
Los Angeles-based software developer FloQast said today that it has named Amit Nayar as its new Vice President of Engineering. FloQast, which develops close management software for accountants, said Nayar was most recently Vice President and Head of Technology at ConsumerTrack, and also had served as Vice President of Engineering at GoDaddy, Director of Cloud Architecture at American Apparel, and Director of Software Engineering at Quark Software.
In a study which belies the opt-cited preference for "young" entrepreneurs in the startup and venture capital industry, a new study from the Massachusetts Institute of Technology find that the mean age of the founders of the 1,000 fastest growing new ventures in the U.S. is actually 45.0. The study found that, rather than youth, the prior experience in the specific industry predicts much greater rates of entrepreneurial success.
Los Angeles-based Soylent , the maker of the meal replacement drink of the same name, is now being being sold at Walmart , as the company extends its distribution efforts to the mainstream market. Soylent is venture backed by GV (formerly Google Ventures), Tao Capital Partners, Lerer Hippeau Ventures and Andreessen Horowitz. READ MORE>>.
The University of Southern California's Marshall Greif Incubator said on Wednesday that it is accepting application for its next class of startups, which must have at least one founder who is a student, alum, faculty or staff member of USC. According to the startup incubator, it has had more than 70 companies participate in its program over the last three years, with seven joining funded accelerators, another seven running successful crowdfunding campaigns, and another 30 which raised money, and
Seed stage investments in Los Angeles area startups was up, year-to-year, according to the Q1 2018 LA Seed Deal Report from investor Amplify LA. According to the report from Amplify, 23 LA startups raised a total of $52.9M in seed funding in Q1, which was up 2.5 percent from Q1 of 2017. That said, the quarter-to-quarter results were down 21 percent from what had been an extremely robust Q4.
Los Angeles-based NI0 , a new startup in the sports and nutrition vertical, is gearing up for launch, backed by $500,000 in seed funding from a number of tech investors. The startup is aiming at the athletic training and recovery market, with a new sports tape which incorporates supplements. NI0 says its seed investors include Tim Chen of HTC, Trill Ventures (which has invested in Jarvish and 23 and Me); Eddy Chan (an investor in PayPal and SpaceX), Charles Huang (founder of Red Octane, the comp
Mojave-based Virgin Galactic has returned to supersonic flight, saying that its SpaceShipTwo VSS Unity safely completed its first, supersonic rocket flight on Thursday. The flight is the first rocket powered flight for Virgin Galactic since the 2014 crash of its SpaceShipTwo during similar testing. According to Virgin Galactic, the Unity is the first vehicle built for Virgin Galactic by its sister company, The Spaceship Company.
San Diego-based business intelligence software developer VizExplorer announced this morning that it has raised a round of strategic funding from Morgan Stanley Expansion Capital. Size of the new investment was not announced. VizExplorer said that it was previously owned by Endeavor, which will continue to have a minority investment in the company. Morgan Stanley Expansion Capital is part of Morgan Stanley Investment Management focused on private equity investments.
Getaround , the developer of a peer-to-peer car sharing service, said it has officially launched in the greater Los Angeles area. Getaround said that car owners in LA can make their automobiles available to others. The San Francisco company's service works through something called Getaround Connect, technology which allows renters to locate and unlock a car using an iOS or Android smartphone app.
The Young Turks , the online political news and video site led by Cenk Uygur, said this morning that it has rolled out what is its first, native mobile app, called TYT Plus. The new app, for iOS, allows users to view all of TYT's content, including video, podcasts, live shows, and members-only features. The company said that its members--with memberships that start at $10 a month--get access to ad-free videos and podcasts.
Hawthorne-based SpaceX is getting set to launch yet another payload into space for NASA, saying all systems and weather are go for the 6:51 p.m. EDT launch of the NASA Transiting Exoplanet Survey Satellite (TESS) mission. SpaceX is launching the payload on a Falcon 9 from Space Launch Complex 40 (SLC-40) at Cape Canaveral Air Force Station, Florida.
Los Angeles-based digital marketing software developer SRAX said this morning that it has launched into a new vertical, the auto industry, with a new product called SRAXauto. According to the company, the new tool is aimed at auto manufacturers and dealers, and helps them to target and reach buyers at dealerships, auto shows, or desktop and mobile platforms.
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