Sat.Jul 06, 2019 - Fri.Jul 12, 2019

Nestlé Sells Gut-Health Test Maker Prometheus Labs, Layoffs Expected


Eight years after San Diego biotech Prometheus Laboratories was acquired by Nestlé Health Science , the diagnostic business has been sold again, this time to a little-known biotech called Precision IBD that plans to lay off approximately a quarter of Prometheus’s workforce.

Amazon Seeks To Challenge Starlink, Files With FCC For Satellite Network


Amazon is quickly moving forward on its plans to challenge Hawthorne-based SpaceX in the race to providing high speed Internet across the globe, saying in an FCC filing last week that it hopes to launch 3,236 satellites as part of its own satellite network. According to Amazon, its "Project Kuiper" project would connect tens of millions of people throughout the world.

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Doctours offers packaged medical tourism for U.S. customers

TechCrunch LA

Doctours , a Los Angeles-based online platform for booking trips and treatments for medical and dental care around the world, is expanding its services to 35 countries.

MomentFeed Chooses New Chief Executive

L.A. Business Journal

Santa Monica-based customer management software developer MomentFeed Inc. appointed Nick Hedges as its new chief executive July 9

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.

Are you a remote manager? A good one?


Are you a virtual manager? Can you be effective if you are a “virtual” manager, commuting from home or a home office and being with your employees only part time? Measuring your performance.

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Friday Video Interview: Minnie Ingersoll, TenOneTen Ventures


Our video interview today is with Minnie Ingersoll, a venture capitalist with TenOneTen Ventures (, a venture capital investment firm that invests in early stage startups, based in Los Angeles, California. Minnie founded, an online marketplace for automobiles.

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More Trending

NASA Awards SpaceX $50 Million Launch Contract

L.A. Business Journal

NASA awarded Hawthorne-based SpaceX a $50.3 million contract to launch three space telescopes in 2021

7 Wise Leadership Strategies When Smart is Not Enough

Startup Professionals Musings

Most of the entrepreneurs I have met are smart, but many are not always wise.

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Video Interview: Ian Chen, Discotech


For today's video interview, we spoke with Ian Chen , the co-founder and CEO of Discotech , a Los Angeles area startup which has developed a service for bottle service booking, discounted tickets and more to clubs and nightspots.

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Future of the Internet: What Scares Networking Pioneer Radia Perlman


[ Editor’s note: This is part of a series examining the internet’s first 50 years and predicting the next half century. Join Xconomy and World Frontiers Forum on July 16 for Net@50 , an event exploring the internet’s past and future. ]

3L Capital Raises $217 Million Fund to Invest in Local Startups

L.A. Business Journal

Westwood-based growth equity investment firm 3L Capital announced July 8 it raised a $217 million equity fund to continue investing in local companies

Equity 141

10 Challenging Insights From New Venture Innovators

Startup Professionals Musings

Most people agree that entrepreneurs have to think differently and take risks to have much chance of building a successful business.

Bird Expands In Paris, Plans To Hire 1,000 Employees At New Office


Santa Monica-based on-demand scooter company Bird is in an expansion in Europe, and has opened up an office in Paris, with plans to hire up to 1,000 people in the city, according to the company. Bird said that the new office will be its largest European hub, with employees there hadling operations, government partnerships, legal, marketing and communications. Bird said it hopes to hire those thousand employees in the next two years.

Why the Internet will be the next (and last) Silicon Valley

StartUp Beat

Headlines will have you believe the Silicon Valley of tomorrow is blossoming in the Midwest , Los Angeles or even Medellin , Colombia.

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Silicon Beach Report July 12: Behind the Scenes at Backstage Capital

L.A. Business Journal

Atom Tickets, Goldstar expand local business; Hulu to distribute Tastemade content; Backstage Capital targets the "underestimated

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6 Keys To Growing Your Career Through The Gig Economy

Startup Professionals Musings

While everyone agrees that the “ gig economy ” is really here, the practical realities, other than not counting on long-term employment, are not so obvious. In my role as a mentor to many business professionals, I still see some who have no idea how to adapt to the new realities.

Centercode Finds $4M In Ongoing Funding


Laguna Hills-based Centercode , a developer of software used for managing product and customer testing efforts, has raised $4M as part of an ongoing, $6M funding round, according to a regulatory filing by the company this week. Details on the funding have not yet been announced. The funding appears to include Parallax Capital Partners, FTV Capital, and HGGC, among others, with Richard Campbell of Parallax, James Hale of FTV, and Richard White of HGGC sitting on the company's board of directors.

So what's this app called TikTok?

SoCal Tech Calendar

Thursday, July 18, 2019 -- All about TikTok. Startup Coil. Do you know that the team behind its success works in your own backyard? Learn more about the TikTok team, our app, and how short-form vertical videos are changing the content ecosystem through a cross-functional panel of members of the TikTok team. See [link].

Special Report: Supplier Diversity

L.A. Business Journal

Ensuring contractor diversity on a major infrastructure project used to be straightforward: SEt a goal for the percentage of work that goes to minority-owned or women-owned businesses then find those businesses to encourage them to bid.

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8 Ways To Learn From Your Team And Succeed Together

Startup Professionals Musings

Starting and running a company is a team effort. Yes, it takes a leader (entrepreneur), but you can’t do it alone, without a team. Maybe only you and a co-founder comprise the team at first, to provide key skills, back you up, and test your ideas.

Chatmeter Finds Private Equity Funding


San Diego-based Chatmeter , a provider of local search marketing and reputation management services for multi-location businesses, has raised a round of investment from private equity investor Providence Strategic Growth (PSG). Financial details of the investment were not announced. Providence Strategic Growth is the growth equity fund of Providence Equity Partners. According to Chatmeter, the deal will help it accelerate its growth.

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El Segundo Tech and Aerospace Networking

SoCal Tech Calendar

Wednesday, July 17, 2019 -- El Segundo Tech and Aerospace Networking @ Smoky Hollow Tasting and Taproom. Join us for South Bay Tech and Aerospace Happy Hour in Hermosa Beach! We are building Aerospace and Tech community in the South Bay. See [link].

Silicon Beach Report July 11: Bird Seeks More Cash as Revenue Falls

L.A. Business Journal

LauncherOne test successful; Lions Gate links with TF1; Bird raising additional $300 million

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How To Ensure Results From All Business Conversations

Startup Professionals Musings

Whether you are trying to motivate your team, close a deal with a customer, or get funding from an investor, a casual conversation is usually a waste of your valuable time. These result is a founder who is always “too busy,” but never seems to get the business done and the team moving.

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Semtech Gets Design Win In China


Camarillo-based Semtech , which develops analog and mixed signal semiconductors, has scored another design win for its LoRa wireless technology. According to Semtech, Hangzhou Water Meter Co. HWM), Ltd. has incorporated its LoRa technology into a "smart water metering" product. Shipment volumes and financial impacts of the win were not announced.

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Framework Benchmarks Round 18


Round 18 of the TechEmpower Framework Benchmarks project is now available! When we posted the previous round in late 2018, the project had processed about 3,250 pull requests. Today, with Round 18 just concluded, the project is closing in on 4,000 pull requests. We are repeatedly surprised and delighted by the contributions and interest from the community. The project is immensely fun and useful for us and we're happy it is useful for so many others as well! Notable for Round 18.

Silicon Beach Report July 10: Snap's Yellow Accelerator Welcomes New Startups

L.A. Business Journal

Yellow accelerator welcomes new startups; Tinder targets Asia expansion; LauncherOne schedules drop test

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Record Exit Value for VC-Backed Startups Could Fuel Investment


More than a third of the companies that went public in the first half of this year were backed by venture capital. That, plus robust merger and acquisition activity, set a record for venture-backed exit value—$165.2

MomentFeed Names Tech Veteran Nick Hedges As CEO


Santa Monica-based MomentFeed , which develops software that helps national brands keep information on their stores up to date across mapping and mobile services, has named Nick Hedges as CEO of the company, MomentFeed said this morning. Hedges is a longtime Southern California technology veteran, who was most recently President and CEO of Velocify. Hedges served in that position until its recent acquisition by Ellie Mae.

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Silicon Beach Report July 9: LA County Health Services Hacked

L.A. Business Journal

WarnerMedia launches HBO Max; Netflix offering more Chinese content; LADHS victim of data breach

Silicon Beach Report July 8: 3L Capital Raises $217 Million

L.A. Business Journal

3L Capital gains $217 million; SpaceX Starlink rivaled by Amazon; BBC invests in Quibi

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3L Capital Raises $217M For New Investments


Los Angeles- and New York-based 3L Capital , a new venture capital investment fund co-founded by former Demand Media CEO Shawn Colo, has raised $217M in a new investment round, the firm said today. The startup investor has already been busy making investments in Los Angeles area startups, and already has investments ChowNow , TYT , SnackNation , along with TheRealReal, 101 Commerce, Wheels, and others.

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Bird's CEO Attacks Report On Losses, Profitability


The CEO of Santa Monica-based Bird has gone on the offensive, following a report that said the company was seeking $300M and making only around $15M in yearly revenues. In a series of tweets , VanderZanden called the report from The Information "(fake) news" and referred to the site as "DisInformation" and claimed Bird is making $1.75 on every ride on the new Bird Zero scooters, which it says are now 75 percent of its fleet. READ MORE>>.

MomentFeed Names Chief Marketing Officer


Santa Monica-based MomentFeed , which develops software that helps national brands manage their location-based information, such as information about their network of retail stores, has named Jim D'Arcangelo as its new Chief Marketing Officer (CMO) and Head of Business Development. D'Arcangelo was already serving on MomentFeed's board of directors. MomentFeed said that D'Arcangelo has been working in local marketing for more than 25 years.

Atom Tickets, Goldstar To Expand Local Activity Coverage


Two, Los Angeles area companies-- Atom Tickets and Goldstar , say they have teamed up to help Atom Tickets expand its local event coverage. According to Atom tickets, it is expanding its Atom Events' list of local activities across multiple cities, including Atlanta, Boston, and Los Angeles, through the link with Goldstar.

ZestFinance Wins Credit Underwriting Deal In Brazil


Los Angeles-based ZestFinance , a startup which develops artificial intelligence (AI) software for credit underwriting, has scored a win in Brazil, with Brazilian retailer Via Varejo. According to ZestFinance, it is in a partnership with Via Varejo to power credit underwriting for point-of-sale microfinancing for the retailer. The financial impact of the deal was not announced.