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.

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.

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.

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.

Chatbot Startup Convrg Joins Haptik

L.A. Business Journal

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

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>>.

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.

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.

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

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.

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 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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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.

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 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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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.

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.

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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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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LA's Fifth Wall Ventures Finds $503M For Real Estate Technology Fund

socalTECH

Los Angeles-based Fifth Wall Ventures , an investor in real estate-related technology, says it has raised $503M for its second fund, Fifth Wall Ventures II. The fund--which has been raising the fund since June of 2018--makes invests in companies related to real estate, and its LPs include a large number of real estate owners, operators, and developers. The firm is led by Brendan Wallace, Grade Greiwe, and Andriy Mykhaylovskyy.

Startup Weekend Girl Scouts of Greater Los Angeles

SoCal Tech Calendar

Sunday, July 28, 2019 --.

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.

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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Interview with Matt Kozlov, Techstars Space Accelerator

socalTECH

This morning's interview is with Matt Kozlov , the Managing Director of the new Techstars Starburst Space Accelerator , which just got started in Los Angeles. The Techstars Starburst Space Accelerator just announced ten companies that have joined its program last week. What are you doing at the Techstars Space Accelerator?

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