Sat.Apr 27, 2019 - Fri.May 03, 2019

Beyond Meat’s IPO Bags $241M to Make Plant-Based Burgers Mainstream

Xconomy

A Beyond Meat burger is coming to a location near you—and soon. The food technology company’s upsized IPO has raised $241 million to finance plans to bring its plant-based “meat” to more grocery stores and restaurants across the country.

Struggling EV firm Faraday Future gets another financial lifeline with new $225M investment

TechCrunch LA

Editor’s note: This post originally appeared on TechNode , an editorial partner of TechCrunch based in China. It may have lost its original founding team , but the wheels are still rolling for embattled electric vehicle (EV) maker Faraday Future.

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SpaceX Gets FCC Approval On Massive Satellite Constellation

socalTECH

Hawthorne-based SpaceX has received approval from the Federal Communications Commission (FCC), to launch its massive constellation of 1,500 satellites into space, for its planned "Starlink" Internet service. According to SpaceX, its Starlink satellite constellation is aimed a providing "reliable and affordable" broadband service to people around the world.

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How much time do you spend “outside the box?”

Berkonomics

So, you’re managing all that work, all those interruptions, all those texts and pesky emails. You get home at some reasonable hour, kind of tired, and needing a recharge. Sound familiar?

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Lime Scooters Being Hacked in Australia

Tech.Co

Pranksters in Brisbane, Australia, have hacked the audio files on rentable scooters owned by transportation startup Lime. At least eight scooters had their messages switched.

Why It Pays To Focus Your Business On A Narrow Niche

Startup Professionals Musings

Image via Picpedia Everyone in the business world has heard of the old bestseller by Geoffrey A. Moore titled “ Crossing the Chasm ,” but most entrepreneurs have no idea how it relates to them.

NEXT Hires Trio Of New Execs, As It Eyes Major Expansion

socalTECH

Lynwood, California-based NEXT , the developer of trucking and shipping logistics technology led by CEO Lidia Yan, has hired a trio of new executives--and says it is planning to add over 200 employees this year in a major expansion. The company, which helps match truckers with freight loads, said it has named. Jim Patterson has joined the company as Chief Product Officer, Bobby Napiltonia joined as Chief Revenue Officer, and Lyndal Larkin joined as Head of People.

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CalArts Expo 2019

SoCal Tech Calendar

Thursday, May 9, 2019 --.

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6 Reasons To Overcome Your Fear of Talking Publicly

Startup Professionals Musings

Image via Wikipedia As a mentor for aspiring and early-stage entrepreneurs, I talk to a fair number who may have a great vision and a strong engineering background, but have a negative interest in the role of public speaking in business.

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PhoenixET Finds Funding For Smart Building Management Software

socalTECH

Aliso Viejo-based PhoenixET , a developer of Internet-of-Things (IoT) products for the smart building market, has raised a round of funding in what it says is a growth capital funding. The funding was led by Spring Lake Equity Partners and Energy Innovation Capital (EIC), and also included existing shareholder Duke Energy. The size of the investment round was not announced by the company.

Exosomes Head to Wall Street As Codiak Biosciences Lines Up IPO

Xconomy

Do Wall Street investors believe that exosomes, the tiny bubbles once thought to be just cellular garbage bins, may be the key to treating a slew of potential diseases? The coming IPO for Codiak Biosciences will present a test case.

The Original Mixer

SoCal Tech Calendar

Thursday, May 9, 2019 -- The Original Mixer. The Original Mixer is one of the premier networking events in Southern California, attracting hundreds of professionals from as far as San Diego, Las Vegas, and San Francisco. This event has been produced for more than a decade resulting in tens of closed deals and thousands of new connections. See [link] (more

8 Key Disciplines Are Essential To Scale Any Business

Startup Professionals Musings

Image via Pixabay As a mentor to many small business owners, I always caution them that you can never relax completely, just because your initial solution or product set appears to be getting traction, and the market buzz is positive.

AdColony Rolls Out $5M In Incentives For App Monetization

socalTECH

Los Angeles-based AdColony has launched a new, $5M fund to encourage mobile app publishers to adopt its in-app monetization tools, the company said on Thursday. According to the firm, its new Advanced Monetization Program (AMP) will provide incentives to encourage the company to adopt its in-app monetization technology.

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SMA Moment: Will Gene Therapy Shift Treatment, Costs of Muscle Disease?

Xconomy

This is a big moment for people diagnosed with spinal muscular atrophy, or SMA, a rare and potentially lethal genetic disorder that destroys muscles. For decades, there was no way to change the trajectory of their disease.

CLU New Venture Fair

SoCal Tech Calendar

Wednesday, May 8, 2019 -- CLU New Venture Fair. The New Venture Fair (NVF) is a valuable part of Cal Lutheran's entrepreneur education experience, in which student teams share their innovative startup projects in a competitive environment. The NVF is a dynamic and exciting evening where the community gets its first look at Cal Lutheran's exceptional student entrepreneurs.

8 Ways Blogging Can Supercharge Your Business Website

Startup Professionals Musings

Image via Pixabay Now that the number of websites on the Internet worldwide approaches two billion, how do you expect anyone to find yours?

USC Marshall Combines MBA, STEM

socalTECH

The University of Southern California (USC) Marshall School of Business is hoping to make its MBA students more attractive to the marketplace--and help its international students--by adding a new "STEM specialization" option for its full time MBA students, the company announced on Wednesday.

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New VC Firm Blueprint Equity Puts $6M into Florida Software Company

Xconomy

A new venture capital firm, which in November marked its launch by raising a $53 million-plus fund to invest in startups, has made its first investment.

Customer Discovery and Product Market Fit with Eric P. Rose, NPDP, MBA

SoCal Tech Calendar

Wednesday, May 8, 2019 -- Customer Discovery and Product Market Fit with Eric P. Rose, NPDP, MBA. Precellerator. This talk will cover the preliminary market research work of Customer Discovery, that is to discover who would most value your proposed new product. It will also cover the tough decisions to then tailor your product in a way that the market values the most and yields the best return on its development investment. See [link] (more

5 Ways To Kickstart Your Business Coaching Reputation

Startup Professionals Musings

Image via Pixabay I’ve always been a bit confused about the difference in a business context between a coach and a mentor. According to many pundits , a mentor shows you the right way based on experience, while a coach brings out the best in you, then let’s you find your own way. Based on my own experience on both sides of the fence, we can all benefit from either, and need the best of both.

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ISSQUARED Buys Network Computing Architects

socalTECH

Los Angeles-base information technology services provider ISSQUARED , which provides security, hybrid cloud infrastructure, networking, and software services, said this morning it has acquired Network Computing Architects (NCA), a provider of IT services to the small and mid-sized business market. Financial details of the buy were not announced. ISSQUARED said the buy will help it extend its coverage with local offices in Washington, Oregon, Texas and California.

At Big Neuro Meeting, Migraine Drug Competitors to Make Oral Arguments

Xconomy

The first new class of migraine drugs in decades won FDA approval last year.

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SoCalBio Innovation Catalyst Program (May 3rd, 2019)

SoCal Tech Calendar

Friday, May 3, 2019 -- SoCalBio Innovation Catalyst Program. During this meeting, emerging companies will make presentations to the SoCalBio Company Screening and Mentoring Committee. This meeting is one of numerous company screening sessions organized by the Southern California Biomedical Council (SoCalBio) in preparation for the 21st Annual SoCalBio Conference to be held on September. See [link] (more

LegalZoom Founder Brian Liu Talks About His New Legal Startup, BizCounsel

socalTECH

What's the best way to get legal advice, if you're a small business? Brian Liu , the co-founder and CEO of a new startup, BizCounsel , was the co-founder of LegalZoom, and thinks there can be a new way that every business owner can get access to dedicated business attorneys for legal work. The startup offers up legal advice for just $59 per month for small business owners, matching them with business attorneys for legal work and one-on-one advice.

Amgen In Precision Medicine Deal With Syapse

socalTECH

Thousand Oaks-based biotechnology giant Amgen has entered into a new collaboration effort, with precision medicine developer Syapse. According to the two companies, they will develop observational research analytics to assess treatment outcomes for areas of unmet need in oncology.

Jobot Expands In Irvine

socalTECH

Irvine-based Jobot , a recruiting startup which says it combines artificial intelligence with human recruiters, says it is expanding in Irvine, and has moved into a new headquarters at The Boardwalk. The startup, led by Heidi Golledge, says it already has 30 employees, and has moved into a space for more than 100 reruiters. Gollege previously was CEO of CyberCoders, and also is CEO and "Chief Happiness Officer" of CareerBliss.

Nimble Adds Sync Features for Microsoft Dynamics 365

socalTECH

Santa Monica-based customer relationship management software developer Nimble is further enhancing its integration with the suite of products from Microsoft, saying on Thursday that it has added automated data synchronization and "data enrichment" for Microsoft Dynamics 365 Business Central, as well as Office 365.

Alorica Opens Office In India

socalTECH

Irvine-based business process outsourcer Alorica said late Thursday evening that it has opened up an office in India, and esablished a new "innovation lab" in the country. According to Alorica, the new innovation lab will be based in Bengaluru, which it will call its "Digital Center of Excellence". Alorica said it will use the new facility to be able to utilize India's talent pool.

Clearlake Capital Buys Operations Management Software Developer

socalTECH

Santa Monica-based private equity investor Clearlake Capital has acquired a Cary, North Carolina-based developer of operations management software, Dude Solutions. According to Clearlake Capital, it acquired Dude Solutions from its prior, private equity investor, Warburg Pincus. Financial details of the transaction were not announced.

Tinder Rolls Out Festival Mode Feature

socalTECH

Los Angeles-based dating app developer Tinder is making it easier to hook up with a "special friend" at music festivals this summer, saying it has launched a new in-app feature called Festival Mode. According to Tinder, the new feature will let its users "connect" with other music fans ahead of music festivals, including AEG's Hangout Fest, All Points East, Firefly and British Summer Time, among others.

BlackLine Expands Customer Base

socalTECH

Los Angeles-based financial software developer BlackLine said on Thursday that it has expanded its customer base, adding such notable customers as Volvo, Waymo, AstraZeneca, the operator of Applebee's, and many others to its list of 2,700 companies who are using its products.

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LA's Beyond Meat Sees Huge Pop In IPO Debut

socalTECH

Beyond Meat , the developer of plant-based, meat alternatives--including a popular, ground burger-like product--saw a huge pop on its IPO debut on Thursday, closing up 163 percent, at $65.75 per share in its first day of trading. The company's stock is continuing to rise in after-hours trading after it debuted on the Nasdaq Global Select Market as BYND. The company--which priced at $25.00

Beyond Meat Soars In IPO Debut, Now Worth Over $3.3 Billion

socalTECH

Los Angeles-based Beyond Meat , the developer of plant-based, meat alternatives, has soared in its IPO debut, trading as high as $58.90, or 135.6 percent over its IPO price of $25.00 per share. The company's first trades on Thursday morning were at $46.00 per share. The company is now valued at over $3.383 billion. Beyond Meat priced well above its initial $19.00 to $21.00 IPO pricing range. Beyond Meat's IPO was underwritten by Goldman Sachs & Co. LLC, J.P.

SpaceX Confirms Crew Dragon Destroyed In Testing Mishap

socalTECH

Hawthorne-based SpaceX confirmed on Thursday that its Crew Dragon capsule, designed to carry astronauts into space, was destroyed in the accident last month during testing. Videos of the destruction of the capsule were leaked , apparently by either a NASA employee or a NASA contractor last week. SpaceX said the accident occurred during an activation of the capsule's escape system thrusters, which are designed to bring the Crew Dragon back to earth in the case of an accident.

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Hulu Ups Subscribers To 26.8M Paid Subscribers, Bingeing Drives Ad Dollars

socalTECH

Los Angeles-based streaming television service Hulu says it has upped its total number of customers to 28 million in total, with 26.8 million of those being paid subscribers. The company shared the subscriber numbers as part of a presentation at its annual "Hulu Upfront" event in New York City. According to Hulu, it is also seeing increasing average time per subscriber, with an increase of more than 20% in 2018.

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Trovata.io Finds $5.5M For Automating Cash Management

socalTECH

San Diego-based fintech startup Trovata.io , which is developing software to automate cash management, has raised $5.5M in a seed funding round, the company said this week. The funding was co-lead by FINTOP Capital and JPMorgan Chase. According to Trovata.io, the funding will go towards ramping sales and accelerating product development for its treasury management software.