Sat.Jul 20, 2019 - Fri.Jul 26, 2019

New THC and CBD infused beverage company, Cann, joins the race to replace booze

TechCrunch LA

Cann , a Los Angeles-based purveyor of CBD and THC-infused intoxicants, is rolling out its first major distribution through the venture-backed delivery service Eaze as it begins to hit the streets in California.

Signal Sciences Reports Revenue Growth, Headcount Expansion

socalTECH

Los Angeles-based web application security software developer Signal Sciences says that it is seeing strong revenue growth, as it grows its headcount by nearly 100 employees just in the past year. According to the startup, led by Andrew Peterson, the company has doubled its employee headcount annually since its inception, and has added another 10,000 square feet to its office space, as it continues its efforts at market expansion.

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Acadia Pharmaceuticals Drug Fails in Late-Stage Schizophrenia Trial

Xconomy

Acadia Pharmaceuticals’ treatment for Parkinson’s disease-related psychosis failed a Phase 3 trial that was studying use of the drug for schizophrenia patients who haven’t fully responded to existing therapies. The company announced the trial failure Monday after market close.

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Can your team overcome messy problems?

Berkonomics

Some problems seem impossible to surmount. Leaders and teams can be overwhelmed. We’ve all probably experienced this. Several big problems hit us at once. Or the system goes down, stranding everyone. Or worse yet, “We’ve been hacked.” Add the twist of ransomware? The inevitability of a big problem.

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.

Using Spotify and Netflix payments to build your credit score? Grow Credit has a service for that.

TechCrunch LA

Can subscriptions and everyday payments be used to help build or rebuild a credit score? The Los Angeles-based Grow Credit thinks so.

HyreCar Announces Pricing of Second Stock Offering

L.A. Business Journal

Downtown-based digital car-sharing marketplace HyreCar Inc. announced July 19 it will sell an additional 3.5 million shares to raise capital to expand its staff and technology offerings

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4 Laws Of Natural Selection Relate To Every Business

Startup Professionals Musings

The good news is that the latest Kauffman Early-Stage Entrepreneurship (KESE) Index shows the highest level of new business activity recorded in the last two decades, and the cost of entry at an all-time low.

India’s Haptik acqui-hires Los Angeles startup Convrg in international expansion push

TechCrunch LA

Mumbai-based Haptik, which operates a conversational AI platform , has already won several high profile clients in India. Now the five-year-old firm, with newly found significant capital in the bank , is attempting to replicate its success in international markets.

Chatbot Startup Convrg Joins Haptik

L.A. Business Journal

Chatbot developer Convrg is merging with Haptik, a New York-based artificial intelligence company

Nexa3D Expands North American Channel

socalTECH

Ventura-based Nexa3D , which develops 3D printers, says it is expanding its North American channel, with a new partnership with Dynamism. Dynamism is a provider of additive manufacturing solutions and services. According to Nexa3D, the addition of Dynamism will enable it to more rapidly expand its North American footprint. Nexa3D is a developer of industrial, 3D printing systems, which it says dramatically reduce 3D printing cycles of precision functional parts from hours to minutes. READ MORE>>.

7 Myths And Reality On Employees Thinking Like Owners

Startup Professionals Musings

Every startup lucky enough to get some traction gets to the point where they decide to hire some “regular employees” for sales, marketing, and administrative tasks. Then they are surprised to see productivity and creativity take a big dip.

Marcus Hutchins, malware researcher and ‘WannaCry hero,’ sentenced to supervised release

TechCrunch LA

Marcus Hutchins, the malware researcher who became known as an “accidental hero” for stopping the WannaCry ransomware attack in 2017, has been sentenced to supervised release for one year on charges of making and selling the Kronos banking malware. Presiding Judge J. Stadtmueller described Hutchins, 25, as a “talented” but “youthful offender” in remarks in federal court in Milwaukee Friday.

Signal Sciences Expands in Culver City

L.A. Business Journal

Web security firm Signal Sciences Corp. celebrates its fifth anniversary this year, and the startup has quickly grown from a six-person operation in a Venice apartment to a 150-strong workforce rapidly outgrowing office space

BQE Software Adds HR Module

socalTECH

Torrance-based BQE Software , a developer of accounting and project management software, says it has added a new module for managing human resources. According to BQE, it has launched Core HR, a new module of its BQE Core software that provides benefit tracking, salary history tracking, employee's journal and incident tracking, certification, awards, paid-time off and employee reviews. Pricing on the new module was not announced. READ MORE>>.

8 Self-Check Questions That Keep Leaders Up At Night

Startup Professionals Musings

Even entrepreneurs who have built many startups, or sold their last one for millions of dollars, know they make occasional people leadership mistakes. They know leadership is all about managing their own complicated, illogical, and fallible human foibles, as well as the people they depend on.

Postmates’ self-driving delivery rover will see with Ouster’s lidar

TechCrunch LA

Postmates’ cooler-inspired autonomous delivery robot, which will roll out commercially in Los Angeles later this year, will rely on lidar sensors from Ouster, a burgeoning two-year-old startup that recently raised $60 million in equity and debt funding. Postmates unveiled the first generation of its self-described “autonomous rover” — known as Serve — late last year.

Silicon Beach Report July 22: Blizzard Co-Founder Departs Company

L.A. Business Journal

Hulu CFO leaves for Amazon; Frank Pearce retires from Blizzard; SpaceX picks hyperloop competition winner

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SpaceX To Attempt 18th Resupply Mission To ISS Today

socalTECH

Hawthorne-based SpaceX is planning to launch another resupply rocket to the International Space Station (ISS) today--its eighteenth--in a launch from Cape Canaveral Air Force Station in Florida, later this evening. According to SpaceX, its eighteenth Commercial Resupply Services mission (CRS-18) is targeted for launch at 6:24 p.m. EDT, from Space Launch Complex 40 (SLC-40).

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10 Elements of a Coaching Culture and Why You Need It

Startup Professionals Musings

Every entrepreneur and business person I know wishes he had more time for coaching all the members of his team. I often hear the excuse that coaching takes more time than simply diving in and doing the job for the other person, but is that really true?

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Ford-owned Spin is bringing a tougher electric scooter to dozens of cities

TechCrunch LA

Spin, the electric scooter company acquired by a Ford subsidiary for around $100 million , is launching a new electric scooter with a sturdier frame, improved braking system, bigger tires and longer-range battery. In short, this third-generation product is built to handle the kind of abuse that a shared dockless scooter is subjected to on a daily basis. It’s also designed to be more secure. The company has added custom security screws that were developed to thwart vandalism and tampering.

Silicon Beach Report July 24: Bryant Stibel Backs Tile

L.A. Business Journal

Snap stock on the upswing; Tile gains $45 million; FanDragon raises seed round

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The Trade Desk Plans Expansion In Ventura

socalTECH

The Trade Desk , the programmatic advertising platform developer led by technology veteran Jeff Green--and which got its start at the Ventura Venture Technology Center, the incubator behind Ventura's city hall--is planning a major expansion in Ventura , according to the company. The company--which had a successful IPO in 2016--is planning to move back to 505 Poli Street, for a combined 20,376 square feet in the same office building where it got its start. READ MORE>>.

No Co-Founder? Y Combinator Offers Matchmaking at Startup School

Xconomy

From the moment Talia Frenkel resolved to found a company after a kitchen-table talk with her parents, the odds were against her.

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Startup Weekend Girl Scouts of Greater Los Angeles

SoCal Tech Calendar

Sunday, July 28, 2019 --.

Snap Beats Earnings Expectations Again

L.A. Business Journal

Snap Inc. posted second quarter earnings today, continuing its trend of beating analyst expectations for revenue and trimming losses

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Bryant Stibel Backs Tile In New Funding

socalTECH

Bryant Stibel , the Los Angeles area venture capital investment firm of Kobe Bryant and Jeff Stibel, has backed item tracking startup Tile in a new, $45M funding round. The growth equity funding was led by Francisco Partners, and also included GGV Capital, Bessemer Venture Partners, plus new investors Bryan Stibel and SVB Financial Group. Tile is best known for its wireless-enabled tags which allow users to track all kinds of items, from their keys, wallet, luggage, and anything else.

Duchenne Advocates Start Casimir, Aiming to Capture Missing Data

Xconomy

Three years ago, the FDA made one of the most polarizing decisions in its history. It approved a drug for the rare genetic disease Duchenne muscular dystrophy on the slimmest of evidence, a watershed moment that caused a highly publicized rift within the agency.

Startup Weekend Girl Scouts of Greater Los Angeles

SoCal Tech Calendar

Saturday, July 27, 2019 --.

Silicon Beach Report July 23: Revenue Rises at Snap

L.A. Business Journal

SpaceX resupplies International Space Station; WeRecover uses apps to treat addiction; Snap beats expectations in Q2

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German Team Wins SpaceX Hyperloop Pod Competition

socalTECH

A German team has won the fourth annual SpaceX Hyperloop Pod Competition on Sunday, taking its pod up to 288 mph (463 km/h), as SpaceX continues to push development of technology for the high tech, futuristic transportation technology cooked up by Elon Musk. The German team, from the Technical University of Munich (TUM), was also a previous winner in the Hyperloop Pod Competition, and came close to that record speed last year.

Freenome Snags $160M to Boost Blood Test for Early Cancer Detection

Xconomy

Freenome , one of the rivals racing to detect the earliest signs of cancer through blood tests, announced Wednesday it has raised $160 million in a Series B funding round. The money boosts Freenome’s fundraising total to $238 million.

Startup Weekend Girl Scouts of Greater Los Angeles

SoCal Tech Calendar

Friday, July 26, 2019 --.

Tapcart Raises $4 Million Seed Round, Led by Greycroft

L.A. Business Journal

Software developer Tapcart Inc., based in Santa Monica, announced it completed a $4 million seed round led by venture firm Greycroft

Corent Technology Expands Efforts In Europe

socalTECH

Aliso Viejo-based Corent Technology , which develops cloud migration technology, is expanding its efforts in Europe, saying this morning that it has partnered with UniSystems , a provider of services in the European market. Financial details of the cooperation agreement were not announced. According to the two companies, the two are working together on cloud migration to Microsoft Azure. Corent's software helps companies move traditional software applications into the cloud.

The Entrepreneurial Potential of Cannabis

Xconomy

Recreational marijuana is now legal here in Massachusetts and it seems that everywhere you look, people are excited to create business ventures around it.

9 Ways to Use Pull Marketing When Push Doesn’t Work

Startup Professionals Musings

More and more customers these days are doing their own marketing research, scanning internet reviews and feedback from friends, rather than trusting messages that you push out through advertising.