September, 2018

VCs say Silicon Valley isn’t the gold mine it used to be

TechCrunch LA

In the days leading up to TechCrunch Disrupt SF 2018, The Economist published the cover story, ‘Why Startups Are Leaving Silicon Valley.’ ’ The author outlined reasons why the Valley has “peaked.”

Selling your business? Find the emotional buyer

Berkonomics

This is one of my favorite insights, since I lived this one in a positive exit from my computer business. Types of business buyers expanded. Most people will tell you that there are two kinds of eventual buyers for your business: financial and strategic.

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OK, So Maybe Not ALL MBA Entrepreneurs Are Oxymorons

InfoChachkie

A version of this article previously appeared in Forbes. “As much as possible, avoid hiring MBA’s. MBA programs don’t teach people how to create companies … our position is that we hire someone in spite of an MBA, not because of one.”

Miso Robotics' Robot Chef Continues Work at Dodger Stadium

L.A. Business Journal

A Pasadena robotics and artificial intelligence outfit that’s been using a robot to fry chicken tenders at Dodger Stadium just gave the bots an upgrade to include the frying skill

Keep A Real Job Until Your New Venture Shows Traction

Startup Professionals Musings

One of the big decisions every aspiring entrepreneur has to make is when to quit your current job to devote yourself fulltime to your new startup. Some of you are so committed to the new passion that you quit your day job early, and dedicate all your time and resources to the new venture.

Port Of San Diego Hit By Ransomware Attack, Systems Offline

socalTECH

The Port of San Diego says it has been hit by a ransomware attack, which has disrupted the port's information technology systems--although it says that ships and boats are able to continue to access the port at the moment. According to the Port of San Diego, an unknown group is holding the port's IT systems hostage, requesting a payment in Bitcoin.

VC firms of Kevin Durant and Snoop Dogg back Dutchie, a new cannabis delivery service

TechCrunch LA

Ross Lipson, the chief executive officer and co-founder of the on-demand marijuana and cannabis delivery service, Dutchie, had thought he was done with the online delivery business.

More Trending

Guerilla Marketing: An Empty UPS Envelope Doubled This Company’s Sales

InfoChachkie

A version of this article previously appeared in The Wall Street Journal. What would you do if you opened a UPS envelope and there was nothing inside? A scrappy startup inadvertently answered this question when they accidentally mailed several hundred empty UPS envelopes.

Los Angeles Convention Center Installs Permanent 5G Network

L.A. Business Journal

The Los Angeles Convention Center just added 5G capabilities to its growing list of offerings designed to draw business to downtown

7 Attributes Of People With An Entrepreneur Mindset

Startup Professionals Musings

As an angel investor and a mentor to aspiring entrepreneurs, I’m always disappointed to see founders who seem stressed out most of the time, and more annoyed than energized by the abundance of challenges they see in building their startup.

ObEN Shows Off Singing, Talking AI Personality

socalTECH

Pasadena-based artificial intelligence software developer ObEN has rolled out a new, singing and talking "AI personality" based on Chinese singing group SNH48 , the company said today. The company said it has created the "world's first celebrity personal AI" based on one of the members of the Chinese music group, Aijia. ObEN's AI personality sang a duet with her real-life counterpart at a conference in China this week.

Announcing the agenda for TC Sessions: AR/VR in LA on October 18

TechCrunch LA

TechCrunch is heading to UCLA on October 18 and we’ve assembled some of the AR/VR industry’s most prescient founders, investors and executives to chat about the startups and trends driving virtual and augmented reality in 2018.

Can you list ten buyers for your business?

Berkonomics

Most entrepreneurs and certainly all investors would like to see “a positive liquidity event” (a good sale of the business) someday.

Big Pharma Seeks More Partnerships, Evidence in Digital Therapeutics

Xconomy

“Digital therapeutics” startups are starting to win more respect—and investment dollars—from pharmaceutical giants.

Momentum IoT Lands $3.1 Million

L.A. Business Journal

Long Beach-based mixed fleet management software developer Momentum IoT announced Sept. 10 it raised $3.1 million

Growing A Services Business Requires Selling Yourself

Startup Professionals Musings

The critical success factors for a product business are well known, starting with selling every unit with a gross margin of 50 percent or more, building a patent and other intellectual property, and continuous product improvement.

Drinks Picks Up $15M Funding Round

socalTECH

Los Angeles-based Drinks , which operates a number of subscription, direct-to-consumer wine delivery services, has raised $15M in a Series B funding round, according to the company. The funding was led by Beverly Pacific and also included Shea Ventures and others. The company was founded by Zac Brandenberg, and operates the Wine Insiders wine delivery club and the Martha Stewart Win Co.

Canters restaurant royalty raises $9.5 million for Ordermark, a takeout order management service

TechCrunch LA

Alex Canter knows the restaurant business. The scion of Los Angeles’ famous first family of the deli business — the owners of the eponymous Canters restaurant — Canter has been in the food business longer than many seasoned restauranteurs twice his age.

Everything you do adds or reduces company value

Berkonomics

Each decision you make to commit resources – your money or your use of corporate or personal time – affects the future value of your business.

BOOST Sales Performance with Carrie Lauby

SoCal Tech Calendar

Wednesday, October 3, 2018 --.

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Fighting Suicide With Software

L.A. Business Journal

Adolescent suicides – and preventing them –is in the crosshairs of a software firm

7 Tips For Building The Right People Relationships

Startup Professionals Musings

In big business, as well as startups, I have found that your effectiveness can be highly correlated to your ability to build and maintain people relationships, often more so than hard work, or how many hours you give.

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SpaceX To Deliver Robots To The Moon

socalTECH

Hawthorne, California-based SpaceX has just signed a deal to deliver two robot payloads to the moon for a small Japanese company, ispace , ispace said this morning. According to ispace, it has signed a contract with SpaceX for two flights to land two lunar orbiters on the moon.

Uppercase raises $3.5M to help e-tailers open brick-and-mortar stores

TechCrunch LA

People like to say that brick-and-mortar retail is dead, but direct-to-consumer businesses continue to dabble with physical stores all the same.

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How Groups are Closing the Security Skills Gap, Boosting Diversity

Xconomy

Today, there is a massive shortage of cybersecurity talent across the globe. According to a 2015 study from Frost & Sullivan and the (ISC)² Foundation, there could be more than 1.5 million unfilled cybersecurity positions globally by 2020.

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2018 Hollywood Entertainment Technology Festival

SoCal Tech Calendar

Wednesday, October 3, 2018 -- 2018 Hollywood Entertainment Technology Festival. The Hollywood Entertainment Technology Festival (HETF) is an exciting international event bridging the US and China, with expert speakers and panel discussions on trends in entertainment technology, cross-border opportunities, and investments.

Soon-Shiong’s NantWorks Invests in Daybreak Games

L.A. Business Journal

Wilshire-based NantWorks, a diversified holding company run by Patrick Soon-Shiong, announced Sept. 6 it invested an undisclosed sum into Daybreak Game Co., creating through the investment a joint venture titled NantG Mobile

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Grant Applications Often Provide Early-Stage Funding

Startup Professionals Musings

A critical stage for most first-time entrepreneurs is getting their idea developed into at least a prototype to validate their technology.

Bonfire Ventures Aims To Raise New, $20M Fund, Bonfire Ventures Select I

socalTECH

Los Angeles-based venture investor Bonfire Ventures , the venture capital fund led by SoCal VC veterans Jim Andelman and Mark Mullen, has launched a fundraising effort for a new fund, Bonfire Ventures Select I , according to a regulatory filing from the firm this week. Details on the new fund have not been announced by the investment fund. The regulatory filing indicates the first sale in the fund has yet to occur.

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Popbase helps YouTube stars build closer relationships with their fans

TechCrunch LA

Entertainment has changed. New platforms led by YouTube have emerged to change the dynamic of broadcast media — once dominated by the rigid programming of TV — while the internet has enabled new media stars to engage with their audiences in new, high-touch ways.

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Six Life Science Firms Close Q3 with an IPO, More Are on the Way

Xconomy

The window for life science IPOs is still open, and five biotechs and one medical device company chose the last week of the third quarter to make their stock market debuts. Gritstone Oncology (NASDAQ: GRTS ) closed out the week by raising $100 million in an upsized IPO.

Keys to Driving Innovation Success

SoCal Tech Calendar

Thursday, September 27, 2018 --.

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Local Energy Firm Executive Forms Project Financing Company

L.A. Business Journal

The chief executive of Arensis Corp., a downtown provider of micro waste-to-energy systems, has formed a separate project financing company that will use blockchain and smart-meter technology to better target potential customers, Arensis announced Sept.

6 Steps To Creating A Business Legacy That You Love

Startup Professionals Musings

Before you start down the long hard road of an entrepreneur, it pays to look inside yourself to see what you love to do, and what would fit your definition of success. For some, it’s all about the chance to run your own show, or advance a cause that you are passionate about.

Bird Planning Massive International Expansion

socalTECH

Santa Monica-based on-demand scooter rental service Bird is planning a massive, international expansion, and has been hiring in dozens of cities overseas , according to the Financial Times. The paper says that Bird's hiring plans include dozens of cities across both Asia and Latin America, including such cities as Mumbai, Mexico City, Hong Kong, and elsewhere. READ MORE>>. bird scooter ondemand international expansion rental smartphone

FabFitFun expands its video reach with a new experiment in live programming

TechCrunch LA

The Los Angeles-based women’s subscription box and media business FabFitFun is expanding its video catalog with the launch of new live programming set to coincide with the launch of its latest seasonal box.

Where Can Influential Companies Go to Meet Exceptional Black VCs?

Xconomy

Culture Shifting Weekend —a November 1-3 invitation-only summit, presented by Culture Shift Labs (CSL)—will offer a rare opportunity for leading companies and investors to meet, vet, and fund the fast-growing ecosystem of Black venture capitalists and VC firms.