May, 2018

Los Angeles Cleantech Incubator Launches Zero Emissions Transport Effort

socalTECH

The Los Angeles Cleantech Incubator (LACI), the non-profit which encourages clean technology startups in the City of Los Angeles, said it has launched a new effort to accelerate the electricification of regional transportation, in an effort to reach zero emissions in the area's movement of goods.

Massage-on-demand company, Soothe, raises $31 million

TechCrunch LA

The massage-on-demand service Soothe seems to be rubbing investors the right way with the close of a new $31 million round of funding. The Series C round from late stage and growth capital investment firm, The Riverside Company , caps a busy first quarter for the massage service.

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Verizon names Los Angeles as the second of four cities to receive 5G rollout before 2019

TechCrunch LA

My boss’ boss’ boss was on CNBC this morning touting Verizon ‘s new 5G services and naming Los Angeles as the second city in America to be treated to a commercial rollout of the new networking technology.

Remind Me Why I Love You? (Why “In Person” is Everything)

Both Sides of the Table

You had an amazing meeting with an investor. Your product demo crushed. The dialog was great. They told you how much they loved your space. The meeting was only supposed to last 45 minutes but you ran 90. The assistant tried to end the meeting twice but was shoooshed away.

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How can you let a talented employee go to pursue a new career?

Berkonomics

It is tough to lose your best employees wanting to advance their careers. Sometimes you can be the coach, helping them even if it means losing them.

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Silicon Beach Report: Uber to Test Air Taxis in Los Angeles

L.A. Business Journal

Uber to test air taxis in Los Angeles; Snapchat hosts Creators Summit; Arrowroot pours $38 million into ClickFox

More Trending

Silicon Beach Networking Mixer at The Room in Santa Monica (Complimentary Drinks)

SoCal Tech Calendar

Wednesday, May 30, 2018 -- Silicon Beach Networking Mixer at The Room in Santa Monica (Complimentary Drinks). Wednesday, May 30th Starting at 6pm! Complimentary Drinks, Presentations, and Networking! Meet new people and participate in lively discussions with outstanding names in the Silicon Beach community. Make sure to bring your business cards and be ready to make awesome connections with people across all industries. See [link] (more

Shared housing startups are taking off

TechCrunch LA

W hen young adults leave the parental nest, they often follow a predictable pattern. First, move in with roommates. Then graduate to a single or couple’s pad. After that comes the big purchase of a single-family home. A lawnmower might be next.

How to Improve Your Odds of Getting to Yes with a VC — “Land and Expand”

Both Sides of the Table

If you’ve read any of my ongoing series on fund raising from venture capitalist (episode 1?— ?controlling controlling your psychology ) you no doubt have heard me say that raising capital is a sales & marketing process.

You are your company’s moral compass.

Berkonomics

Here’s yet another story that you may identify with – or have yet to experience in your business life. It’s one of those that define your leadership for all to see, sometimes based upon decisions made in the moment – such as this one. A story of a CEO’s snap judgment call.

Openpath Launches with $7 Million Raise

L.A. Business Journal

Culver City-based office security tech firm Openpath launched May 22, helped by a $7 million funding round and helped by local funds

Greycroft Backs BlueCart In $5M Funding

socalTECH

Greycroft Ventures , which has a big presence in Los Angeles, has backed Silicon Valley-based BlueCart , a developer of machine learning software and other tools for the hospitality industry, to the tune of $5M. BlueCart said this week that it raised $5M in its Series B-1 funding, bringing its total raised to $22M.

Silicon Beach Crypto Happy Hour w/ Presentations at The Room in Santa Monica (Complimentary Drinks)

SoCal Tech Calendar

Thursday, May 24, 2018 -- Silicon Beach Crypto Happy Hour w/ Presentations at The Room in Santa Monica (Complimentary Drinks). Thursday, May 24th Starting at 6pm! Complimentary Drinks, Presentations, and Networking! Meet new people and participate in lively discussions with outstanding names in the Silicon Beach Crypto and Blockchain community. Make sure to bring your business cards and be ready to make awesome connections with amazing people in blockchain technology.

Nike debuts its most ambitious SNKRS stash drop for the Championship Tour featuring Kendrick Lamar and SZA

TechCrunch LA

On a mild Thursday night at the Los Angeles Forum , Nike’s public relations team and a group of journalists from some of the country’s leading lifestyle, tech, and general interest websites gathered to see the debut of Nike’s most ambitious SNKRS stash drop.

How to Talk About Valuation When a VC Asks

Both Sides of the Table

One of the hardest things about the fund-raising process for entrepreneurs is that you’re trying to raise money from people who have “asymmetric information.”

Have you been celebrating each victory?

Berkonomics

Here comes another story. Of course. This one may be like one or more you have experienced in your company. It is a story about focus upon the customer, first.

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Silicon Beach Report May 21: SpaceX Readies for Dual Payload Launch

L.A. Business Journal

SpaceX Readies Next Falcon 9 Launch; More Competition for Bird; Core Innovation Backs $8 Million Crypto Raise

Founder of RYSE UP, NearWoo Jason Crilly Passes Away

socalTECH

One of Southern California's promising startup entrepreneurs, Jason G. Crilly --the co-founder of RYSE UP and co-founder of NearWoo--has passed away, according to friends and families. Crilly passed away last weekend. According to posts on his now-memorialized Facebook page, Crilly took his own life, which some attributed to the stress of startup life, along with other factors.

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SoCal Tech Calendar - Untitled Article

SoCal Tech Calendar

Wednesday, May 23, 2018 --.

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Esports Overwatch League heads to hipster Brooklyn for its finals

TechCrunch LA

What could be more perfect than moving the inaugural championship finals for an esports league from its Los Angeles home to Brooklyn?

How Many Investors Should You Talk to in a VC Fund Raise? And How Do You Prioritize?

Both Sides of the Table

This is part of a series of advice for founders who need to raise money from venture capitalists. The first in the series is “ Lemons Ripen Early ,” which also has a link to other posts.

Here’s a rule for companies with outstanding loans

Berkonomics

Here is one that is so important to the continued health of a growing company that it cannot be overstated. It’s a bit complex for novices. But hang in there as I explain a bit about accounting classification of assets and liabilities. Differences between types of assets and liabilities.

Snap Names New Chief Financial Officer

L.A. Business Journal

Snap Inc. is changing chief financial officers from Drew Vollero to Tim Stone, a move that comes as the app company’s stock price is in sharp decline

How Eusoh Wants To Fix Insurance With Technology, With Allen Kamrava

socalTECH

The insurance industry is an old industry, with a lot of contradictions--it's one where the more claims insurers pay to help customers, the less money the insurers make--and it's also one that hasn't been disrupted much yet by technology. Is it possible to use technology to replace the age-old system currently in use in insurance? That's what Los Angeles-based Eusoh (www.eusoh.com) is hoping to do.

The IT Summit Los Angeles

SoCal Tech Calendar

Wednesday, May 23, 2018 -- The IT Summit Los Angeles. The IT Summit is the executive technology conference series returning to Los Angeles for our twelfth annual event on Wednesday, May 23rd, 2018. The purpose of the summit is to provide educational and networking resources for the IT leaders in Southern California. The conference is driven by an Executive Board of regional IT professionals that directs the content of the conference.

Location-based virtual reality is increasing its footprint in the U.S.

TechCrunch LA

Earlier this year, in a small, grey-walled storefront inside a very large mall in Torrance, Calif. just past the AMC Center) , the virtual reality game-maker Survios planted its first flag in the market for location-based gaming.

How Much Should You Raise in Your VC Round? And What is a VC Looking at in Your Model?

Both Sides of the Table

There’s a quick litmus-test conversation any early-stage VC will have with the founder and it’s one that you should be as prepared for as your elevator pitch. It goes something like this … VC: “How much money are you raising?” Founder: “$8–10 million” VC: “What’s your current burn rate?”

Have you made the mistake of hiring too soon?

Berkonomics

Well, you may not be alone. Many executives and managers have made the mistake of using the financial and sales forecast to plan and execute hiring of new employees – so that they could be trained and up to speed when the demand arrives. The balance between preparedness and cost.

Silicon Beach Report May 4: Google Partners with Fandango

L.A. Business Journal

Google partners with Fandango; Layoffs at Uproxx Media Group; lawmakers call for diversity in tech

j2 Global Revenues Increase To $280.6M For Q1

socalTECH

Los Angeles-based j2 Global , the online services and publishing giant, reported on Monday that its Q1 2018 quarterly revenues grew to $280.6 million, a 10.2 percent increase over Q1 of last year. According to j2 Global, it ended the quarter with approximately $400M in cash and investments, after spending around $100M for acquisition and its regular quarterly dividend.