Snap Earnings Surge in Second Quarter
L.A. Business Journal
JULY 26, 2021
Snap Inc. continues to post impressive financial gains, logging a record 116% increase in year-over-year revenue for the second quarter.
Sat.Jul 24, 2021 - Fri.Jul 30, 2021
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Inspire Energy Capital Acquired By Shell
socalTECH
JULY 28, 2021
Santa Monica-based Inspire Energy Capital, a provider of renewable energy to the residential market, has been acquired by oil and gas giant Shell, the companies said Tuesday afternoon. According to the companies, Shell New Energies US LLC (Shell), a subsidiary of Royal Dutch Shell plc, has signed an agreement to buy 100% of the equity interests of Inspire Energy Capital LLC, which is jointly headquartered in Santa Monica and Philadelphia.
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Tech Giants Mandate Vaccines for Return to Work
Tech.Co
JULY 29, 2021
As the world slowlyachieves successful Covid vaccine rollouts, tech giants Netflix, Google, and Facebook are now seeking to keep their employees safe by imposing strict vaccine mandates within their US workplaces. Debate is raging across the US about the requirement for vaccines – not least on Facebook itself – but the tech trendsetters are insisting that their own staff are fully vaccinated before returning to work.
5 Strategies For Recognizing Early The Need To Change
Startup Professionals Musings
JULY 24, 2021
Every entrepreneur realizes that change is now the norm, and they have to adapt their business quickly to survive and prosper. In fact, the best entrepreneurs seem to see breakthrough changes coming even before they really happen, and are able to turn them into huge new opportunities. In the trade, this rare capability is called the ability to see around corners.
Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19
Advertiser: Aggregage
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.
Tetra Tech Lands $49 Million USAID Contract
L.A. Business Journal
JULY 26, 2021
Tetra Tech Inc. was awarded a $49 million contract to promote biodiversity conservation and climate resilience efforts in West Africa.
Are the “FIVE WHY’S” in your arsenal?
Berkonomics
JULY 29, 2021
This is a trick headline. . There can be three “whys” or twenty, depending upon the issue and the responses. To make the point, the word “why” has to be one of the more powerful words in your vocabulary. Asking the question forces the other person to think beyond the usual “what” that generated your first “why.”. It sure is a way to get to the bottom of an issue. .
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8 Entrepreneur Attributes Proven To Attract Investors
Startup Professionals Musings
JULY 28, 2021
As an angel investor in early-stage startups, I’ve long noticed my peers apparent bias toward the strength and character of the founding entrepreneurs, often overriding a strong solution to a painful problem with a big opportunity. In other words, the entrepreneur quality is more important than the idea -- in investor jargon, people invest in the jockey, and not the horse.
Investors Give Lift to Pet Care Company Front of the Pack
L.A. Business Journal
JULY 26, 2021
Christopher Wilkinson noticed that over the past few years dogs were going from “shed to bed” as more people started treating their pups like members of the family.
Viterbi Startup Garage Oceanside Chat
SoCal Tech Calendar
JULY 27, 2021
Wednesday, July 28, 2021 -- Viterbi Startup Garage Oceanside Chat. Crossing the fundability gap + Summer Smasher Student Showcase. Most startups come to early stage VCs and angels woefully unprepared for equity funding. What will successfully garner you non-dilutive financing is not the same as what makes a startup a venture fundable opportunity. Join Genevieve LeMarchal at the next Oceanside Chat at USC Viterbi Startup Garage to learn the most common areas that entrepreneurs overlook when seeki
CreatorIQ Names Customer Chief
socalTECH
JULY 30, 2021
Los Angeles-based influencer marketing software provider CreatorIQ said this week that it has named Max Powers as the company's new Chief Customer Officer. Powers was most recently SVP, Business Operations at TeleSign. Powers also previously served at General Manager of Vantage Media, where the company said she ran the Education division of the business, as well as building the company-wide Customer Success organization.
8 Keys To Being A First Responder To Market Changes
Startup Professionals Musings
JULY 30, 2021
The recent pandemic was a strong signal for change, and I see most of you entrepreneurs and business owners responding to the business changes required and new opportunities presented. Unfortunately, in my role as business advisor , I don’t see the same response to more common weak signals , like the move to phone texting instead of voice, or politics invading social media.
Numerade Labs Raises $26 Million for AI Ed Tech
L.A. Business Journal
JULY 26, 2021
Santa Monica-based education technology platform Numerade Labs Inc. raised $26 million in Series A funding for its artificial intelligence-driven tutoring platform.
Datacon LA Startup Showcase Deadline
SoCal Tech Calendar
JULY 24, 2021
Friday, July 30, 2021 -- Datacon LA Startup Showcase Deadline. Data Con LA, in partnership with TenOneTen Ventures, invites you to submit your startup pitch at our 2021 virtual Startup Showcase. Prizes awarded! The deadline for submission is July 30th. See [link].
Alteryx Expands Partnership With PwC
socalTECH
JULY 30, 2021
Irvine-based analytics software developer Alteryx is expanding an existing relationship it has with accounting and consulting giant PwC, saying Thursday that the two are in a global expansion of a partnership they announced in February of 2020. Alteryx said the deal brings its analytics and data science automation tied into PwC's services and technologies.
6 Keys To Positioning Your Disruptive Solution Today
Startup Professionals Musings
JULY 25, 2021
Every entrepreneur with a new technology tells me that his innovation will be industry-disrupting, meaning that it will render the existing technology obsolete, and create a new market. Yet truly disruptive innovations, like the smartphone from Apple and the rise of the Internet, are very rare, and are generally unpredicted. So why would any investor ever believe any of these claims?
Openpath Is Acquired by Motorola for Mobile Security Technology
L.A. Business Journal
JULY 26, 2021
Openpath Security Inc., a cloud-based mobile access control provider based in Culver City, has been acquired by telecommunications giant Motorola Solutions Inc.
Is Paid Search Advertising Worth It for Businesses?
AllTopStartups
JULY 30, 2021
As of 2021, an astounding 2.14 billion people shop online. That’s an incredible 900 million more digital shoppers than there were in 2020. The US alone boasts 230 million online… The post Is Paid Search Advertising Worth It for Businesses? appeared first on AllTopStartups.
TuSimple Links Autonomous Trucking Efforts With Ryder
socalTECH
JULY 30, 2021
San Diego-based TuSimple, which is developing a fleet of autonomous trucks, says it has linked with Ryder, where the two will look to leverage Ryder's fleet maintenance facilities as terminals for TuSimple's fleet of autonomous vehicles. TuSimple says that at the moment, it has more than 50 autonomous trucks which are moving freight across Arizona, New Mexico, and Texas.
6 Strategies To Maintain A Spotlight In Your Business
Startup Professionals Musings
JULY 26, 2021
Intuitively, many entrepreneurs and businesses believe that the key to faster growth and success is more products, features, and markets. Since we all have limited resources, and can’t add more hours to the day, the result is usually more things done poorly, rather than a few key things done better than anyone else. Every advisor and investor will tell you to keep your focus or spotlight.
After Fast Start, Social App Poparazzi Sees Slowdown
L.A. Business Journal
JULY 26, 2021
Poparazzi, a photo sharing app developed by Marina del Rey-based TTYL Inc., is among this year’s most hyped social media startups.
How Much Does It Cost to Start a Business? A Complete Guide
AllTopStartups
JULY 27, 2021
One of the first and most daunting questions every entrepreneur faces is “how much does it cost to start a business?” And the truth is, there’s no one-size-fits-all answer. Every… The post How Much Does It Cost to Start a Business? A Complete Guide appeared first on AllTopStartups.
Fisker Makes Investment In European Charging Network
socalTECH
JULY 30, 2021
Los Angeles-based electric vehicle maker Fisker Inc. says it will be making a $10M investment in a European electric vehicle charging network operator, Allego B.V., as part of a special purpose acquisition company (SPAC) merger between Allego and Spartan Acquisition Corp. III. According to Fisker, it will invest $10M in the PIPE. Allego operates more than 26,000 public EV charging ports across 12,000 public and private locations in 12 European countries.
SOCi Acquires Brandify
socalTECH
JULY 29, 2021
San Diego-based marketing software developer SOCi annoucned on Thursday that it has acquired Brandify, a provider of location-based digital marketing. Financial terms of the deal were not announced. According to SOCi, the deal will add additional functionality to its platform. SOCi is led by CEO Afif Khoury, and is backed by JMI Equity. The company recently raised $80 From JMI Equity.
Rocket Lab Successfully Launches Military Satellite
socalTECH
JULY 29, 2021
Long Beach-based Rocket Lab has successfully launched a military satellite back into space, on a quick recovery from a failed mission in May. The launch--for the U.S. Space Force--launched at 6pm NZ time from New Zealand. The satellite, called "Monolith", is an experiment designed to see if a large, deployable sensor which is a "substantial fraction of the total mass of the spacecraft" can be used to maintain spacecraft attitude control.
Headspace Names New CTO
socalTECH
JULY 29, 2021
Santa Monica-based mindfulness and meditation app developer Headspace said on Wednesday thati thas named Krithika Swaminathan as its new Chief Technology Officer. Swaminathan was most recently Vice President for Artificial Intelligence at Intuit. She also previously served as Vice President of Platform Engineering for the Consumer Group (TurboTax, Turbo, Mint), and Vice President for Site Reliability, Security and Quality Engineering for Intuit Platform.
Netflix To Require Vaccination For Production
socalTECH
JULY 29, 2021
In a sign of growing concern over lagging vaccination rates driving a new surge of COVID-19 cases in the United States, Netflix said this week that it will now require actors and others on productions to be vaccinaed. The news apparently will make netflix the first Hollywood studio to put in place broad vaccination requirements. The move comes as Twitter has delayed return to its offices in San Francisco and New York again due to the spiking case rate, and Google--which also has substantial oper
That's No Moon Entertainment Takes $100M
socalTECH
JULY 29, 2021
Playa Del Rey-based gaming studio That's No Moon Entertainment--created by game designers from Sony, Naughty Dog, and Activision--has raised $100M in an investment round, the company said this week. The funding came from Smilegate, a South Korean gaming company knokwn for the title "CROSSFIRE". The founders of the company include Taylor Kurosaki and Jacob Minhoff, both of whom have served at Infinity Ward and Naughty Dog.
InVia Robotics Scores $30M More In Series C
socalTECH
JULY 29, 2021
Westlake Village-based warehouse robot developer inVia Robotics, which is led by Lior Elazary, says that it has raised $30M in a Series C funding round. The funding came from Microsoft's venture capital fund, M12, as well as Qualcomm Ventures, Hitachi Ventures, the corporate venture arm of Hitachi, Ltd., and prior investors Point 72, Upfront, and Embark.
Rivian Plans To Spent $5 Billion On Second EV Plant
socalTECH
JULY 28, 2021
Electric vehicle maker Rivian is planning to spend $5 billion on a second, electric vehicle plant, according to a report from Reuters, based on a leaked document. According to the report, Mesa, Arizona might be under consideration for the plant. Plans for the new plant have not been confirmed by Rivian, which was started and has significant operations in the Irvine area.
Rocket Lab Plans Space Force Launch On Thursday
socalTECH
JULY 28, 2021
Long Beach-based Rocket Lab is getting set for a launch for the U.S. Space Force (USSF), in a few short hours, on Thursday in New Zealand, according to the company. The company said it is launching a research and development satellite into low Earth orbit (LEO) from its launch complex in New Zealand. The company said the Monolith demonstration satellite will explore and demonstrate the use of a deployable sensor, where the sensor's mass is a substantial fraction of the total mass of the spacecra
Amgen Acquires Teneobio For $900M
socalTECH
JULY 28, 2021
Thousand Oaks-based Amgen said on Tuesday that it will pay $900M for Teneobio, a biopharmaceuticals company which is developing treatments for patients with cancer. According to Amgen, the all cash $900M deal also includes future contingent milestone payments worth up to an additional $1.6 billion in cash. Teneobio has a variety of early-stage oncology assets, including a Phase I bispecific antibody for patients with advanced prostate cancer, according to Amgen.
Blizzard Employees Plan Walkout
socalTECH
JULY 28, 2021
Employees of Los Angeles-based Activision Blizzard as planning a walkout today, in protest of what they say is the company's history of sexual harassment, and its poor handling of the situation. According to the employee group, it is holding a walkout to "improve conditions for employees at the company, especially women, and in particular women of color and transgender women, nonbinary people, and other marginalized groups.
Adway Drives Up With $6M For Car Advertising
socalTECH
JULY 27, 2021
Santa Monica-based car advertising technology developer Adway recently announced it has raised $6M in funding for a new, hardware-driven car advertising network, which uses images projected on the sides of a driver's car to gain exposure for advertisers. The funding was led by Upfront Ventures, and also included Revel Ventures, Watertower Ventures, Inflection Capital, and others.
Replicated Raises $50M In Series C
socalTECH
JULY 27, 2021
Culver City-based Replicated, a developer of a container-based platform which makes it easier for software vendors to deploy cloud native applications inside customers' environments, has raised $50M in its Series C funding, the company said Tuesday. The funding was led by Owl Rock, a division of Blue Owl Capital, and also included Lead Edge Capital, Headline and existing investors including Two Sigma Ventures, Amplify Partners, BoldStart, Ridgeline, and Heavybit.
8minute Solar Energy Names General Counsel
socalTECH
JULY 27, 2021
Los Angeles-based solar power developer 8minute Solar Energy, which develops solar power and battery storage plants, said yesterday that it has named Jennifer Arasimowicz as the company's new General Counsel. Arasimowicz was previously Executive Vice President, General Counsel, Chief Administrative Officer, and Corporate Secretary at FuelCell Energy, and also has served at Total Energy and Shipman & Goodwin, LLP. 8minute Solar Energy says it has so far put 2 GW of solar projects in operation and
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