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Welcome Tech , which has built a digital platform aimed at immigrants and their families, has raised $35 million in a Series B funding round co-led by TTV Capital, Owl Ventures and SoftBank Group Corp.’s SB Opportunity Fund. Crosscut Ventures, Mubadala Capital, Next Play Capital and Owl Capital also participated in the financing, which brings the Los Angeles-based company’s total raised to $50 million since its 2010 inception.
Entrepreneurs have to know when and how to say ‘no,’ and be good at delivering the message. All startup leaders are besieged with requests for their time, attention, talent, money, or influence, and sometimes even good requests won’t fit into the time and energy you have available. Startups require focus, so you need to say ‘no’ to some things, in order to do the important things well.
How we usually do this in our businesses. The best managers we all know are the ones who take the time to praise good work in public, before an employee’s peers. Most of us have a monthly award for the top person in a group of employees. And if we are big enough to formalize the process in a regular meeting, we make it a regular part of that meeting.
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.
Los Angeles-based Wemo, the home automation and Internet-of-Things (IoT) brand owned by Belkin International, says it has launched a new product, the Wemo Stage Scene Controller. The new device--which mounts on a wall--lets users manage and control "scenes" for lighting, entertainment, security, and temperature in their homes. The device connects to the HomeKit home control system, letting users active up to six customized HomeKit scenes (i.e. movie night, bedtime, energy saving), according to t
If your startup is great enough to get a term sheet from angel investors or a venture capitalist, the next step for the investor is to complete the dreaded due diligence process. This is the last step of the process, where surprises in the evaluation of the management team, documentation, and personnel problems can derail the investment. Some startups do nothing to prepare for the due diligence process, assuming the people and business plan documents will speak for themselves.
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If your startup is great enough to get a term sheet from angel investors or a venture capitalist, the next step for the investor is to complete the dreaded due diligence process. This is the last step of the process, where surprises in the evaluation of the management team, documentation, and personnel problems can derail the investment. Some startups do nothing to prepare for the due diligence process, assuming the people and business plan documents will speak for themselves.
Triller Network, the owner of the Triller social media app and several streaming businesses, announced April 14 that it had acquired live event and pay-per-view platform Fite and had reached an agreement to purchase software developer Truverse Inc., doing business as Amplify.ai.
With a growing number of Americans viewing television content through smart TVs and connected devices, newly formed startup TvScientific Inc. is creating new ways for advertisers to reach viewers and access valuable data to evaluate the success of campaigns.
Vana Technologies Inc. founder and Chief Executive Sheldon Owen saw that companies selling cannabis products would need technological tools to advertise in compliance with regulations.
Success in a startup is not possible as a “one-man show.” An entrepreneur has to engage with team members, partners, investors, vendors, and customers. In my experience, the joy of positive engagement is sometimes the only pay you get in an early startup. Amazingly, many successful startups are built on this basis alone, with almost no money. I will talk here primarily about building the internal team of a startup, but the same principles apply outside to your “extended team” and customers.
Carlsbad-based satellite communications company Viasat says it is in a collaboration with 19Labs, founded by former Apple, Samsung, and Qualcomm executives, on a new, telemedicine and remote patient monitoring solution. According to ViaSat, it is working with 19Labs to allow patients, clinicians and healthcare providers can securely connect and share healthcare information even in hard-to-reach communities.
Santa Monica-based advertising technology company GumGum Inc. announced a new $75 million investment April 13 from the growth equity division of Goldman Sachs Group Inc.
Hawke Ventures, a new, venture capital fund that is part of marketing company Hawke Media, said Friday that it has raised $5.6M for its first, venture capital fund. The new fund is being managed by Erik Huberman, Tony Delmercado, and Managing Partner Drew Leahy, along with angel investor Paige Craig. The company said it plans to write checks of between $100,000 and $250,000 in digital marketing startups.
Los Angeles-based Universal Hydrogen, a startup developing hardware to power airplans with hydrogen, has raised $20.5M in a Series A funding, the company said earlier this week. The company said the funding was led by Playground Global, and also included Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, JetBlue Technology Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.
Carpinteria-based construction management software unicorn Procore has named a new sales VP, saying this week that it has appointed Bill Crawford as the company's Senior Vice President of U.S. Sales. Crawford had previously served as Chief Value Officer at Ceridian, and Senior Vice President of Sales at ADP. Procore develops software used to manage construction projects, and is one of Southern California's highly valued unicorn startups.
Los Angeles-based videogame commerce technology developer Xsolla says it has acquired Slemma, a developer of data analytics and visualization and reporting software. Financial details of thea cquisition were not announced. According to Xsolla, it will integrate Slemma's product suite into its Publisher Account tool. The company said Slemma's web-based tools allow users to create simple, easy-to-use and dynamic data reports with customizable dashboards.
Hawthorne, California-based SpaceX has successfully launched four more astronauts towards the International Space Station, in a launch for a href="[link] first time that a re-used Crew Dragon spacecraft and Falcon 9 rocket have been used on a crew mission. SpaceX launched NASA astronauts Shane Kimbrough and Megan McArthur, along with JAXA (Japan Aerospace Exploration Agency) astronaut Akihiko Hoshide and ESA (European Space Agency) astronaut Thomas Pesquet into space at 5
San Diego-based Kandji, a startup which develops Apple device management software, says it has raised $60M in a Series B funding round. The funding was led by Felicis Ventures, and also included SVB Capital, Greycroft and Okta Ventures, as well as The Spruce House Partnership, and First Round Capital. Kandji now has raised $88.5M. The company also raised $21M in a Series A funding in October, and two earlier seed funding round.
Los Angeles-based Allset is hoping to attract restaurant operators tired of the major drag on their orders from commission-based restaurant ordering apps, saying it has launched a new, commission-free plan. According to the company, the new subscription plan lets restaurants accept online orders through their own channels, at no commission. The company says it charges only $49 a month for its system, after a 30 day free trial.
Irvine-based online automotive information site Kelley Blue Book is expanding its online resources for car shoppers, saying this morning that it has expanded its information on electric vehicle (EV) tax credits. According to the company, it has added a new section called How Do Electric Car Tax Credits Work? which spells out the details of available tax credits for EV owners.
Newport Beach-based Professional Sports Authenticator, a company that provides rading card, autograph and memorabilia authentication and grading services, said yesterday that it has acquired software developer Genamint, which develops technology to automatically grade trading cards. Financial terms of the acquisition were not announced. Genamint's technology automatically analyzes trading cards, providing diagnostics, measurements, and detect alterations or other changes made to a card's surface
San Diego-based Seqster PDM, a developer of healthcare data tools, said this morning that it has raised $12M in a Series A funding round. The funding was led by OmniHealth Holdings LLC, and also included Takeda Digital Ventures and 23andMe CEO and founder Anne Wojcicki. Seqster develops tools that integrate various electronic health record (EHR), pharmacy lab, lab data, genomic data/DNA, fitness wearables data, and other information into a single place.
Los Angeles-based Welcome Tech, which is developing a financial inclusion platform aimed at the multigenerational, immigrant community, said this week that it has raised $35M in a Series B funding round. The fundinc ame from TTV Capital, Owl Ventures and SoftBank along with Crosscut Ventures, Mubadala Capital, Next Play Capital and Owl Capital. According to the company, it is developing financial services, including a debit card and bilingual mobile app.
Los Angeles-based Seed Health, a company focused on probiotics, says it has raised $40M in its Series A funding round. The funding was led by The Craftory, and also included ARTIS Ventures, GISEV, Foudners Fund, and 8VC. The company said it is developing a "broad spectrum probiotic" to help treat patients with irritable bowel syndrome (IBS). The company's co-founders and co-CEOs are Ara Katz and Raja Dhir.
Los Angeles-based music licensing marketplace operator Songtradr says it has acquired Pretzl, a provider of stream-safe music for livestreamers. Financial terms of the acquisition were not announced. According to Songtradr, Pretzel offers rights holders such as artists and labels exposure to millions of new, highly engaged listeners through live broadcasts.
Serverfarm, a developer and operator of data center space, says it has purchased a new facility in El Segundo, which will provide 117,500 square feet and 22MVA to hyperscale, transportation, healthcare and government tenants. Financial details of the acquisition were not announced. According to Serverfarm, its long term partner in the effort is NantWorks.
Los Angeles-based Zefr, which provides services to help monitor brand safety and other services for online videos, particularly on YouTube, has named a new sales VP. According to Zefr, it has named Kelsey Garigan as Executive Vice President, Head of North American Sales. Garigan was previously Director of Sales West for DoubleVerify, and also previously had been at Pricegrabber.com.
Los Angeles-based electronics e-commerce retailer Newegg has jumped on the Dogecoin bandwagon, saying late Monday that it now accepts Dogecoin as an official payment method on its website. According to the company, its customers can pay with Dogecoin by selecting BitPay as its payment method in the checkout page. Newegg has been an early adopter in accepting cryptocurrency, having been one of the first major online retailers to accept Bitcoin, back in 2014.
Los Angeles-based XPRIZE says it has named two winners in its $20M, NRG COSIA Carbon XPRIZE competition. The competition challenged teams to convert CO2 emissions into valuable products. According to XPRIZE, it has awarded two companies--CarbonCure Technologies and CarbonBuilt, both working on ways to decarbonize concrete. CarbonCure Technologies, the Alberta track winner from Canada, demonstrated a technology which enabled the production of concrete with a reduced water and carbon footprint wit
Santa Monica-based Wills.com said this week that it has launched a new, online estate planning service, which lets users create their own wills and digital estate plans. According to the company, new laws that allow some states for notaries to conduct remote notarization makes it possible for some of its users to sign and notarize their documents electronically, dramatically reducing the time it takes to make a legal will.
Los Angeles-based J2 Global, which operates a large number of Internet related businesses--both Internet services and Internet publishing--says it plans to split itself into two separate, public companies. According to J2 GLobal, it plans to separate into two companies, J2 Global and Consensus. According to J2 GLobal, it plans to spint=off at least 80.1 percent of the new company, Consensus, to existing J2 shareholders.
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