Sat.Apr 25, 2020 - Fri.May 01, 2020

Electric charging gets more juice as Soros Fund Management makes a bet on Amply Power

TechCrunch LA

Even as oil companies are getting crushed by the collapse of demand for energy in the wake of international shutdowns responding to the global pandemic, investors representing one of the world’s savviest financiers are placing a small bet on electric charging as the future of transportation.

Have you lost (some) enthusiasm for the job?

Berkonomics

So, you’ve been at this for years through thick and thin, great days and days in which you’ve had better times. Much of your job has become routine. But it feels good to see your “baby” grow and others buy into your vision. That daily routine.

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Oil Price Drop Hits Businesses

L.A. Business Journal

The sudden collapse in oil prices has roiled the local oil industry, prompting producers to start shutting down wells, oil well service companies to lay off staff and refineries to reduce operations

Elon Musk Goes Off Rails On Earnings Call

socalTECH

Elon Musk , the founder of Hawthorne-based SpaceX , in addition to Tesla , appeared to go off script and off the rails on the Tesla earnings call on Wednesday. Musk--while answering questions about when Tesla might resume production in the Bay Area--suddenly called the Bay Area's "shelter in place" order "fascist" and said that is "not why people came to America or pulled this country--what the f**k?".

Google Cloud opens its Las Vegas region

TechCrunch LA

Google Cloud today announced the official opening of its Las Vegas data center region. With this, Google Cloud now operates four regions in the western U.S., with Las Vegas complementing Google Cloud’s existing data centers in Los Angeles, Calif.; The Dalles, Ore.

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8 Keys To Real Innovation Outside of Silicon Valley

Startup Professionals Musings

In my experience, the Silicon Valley startup model, focused on disrupting established industries, has treated the USA well and created some great global businesses.

Miso Seeking $30M Round

L.A. Business Journal

Miso Robotics Inc., a Pasadena-based robotics and artificial intelligence company, is seeking to raise a $30 million Series C through crowdfunding on the SeedInvest platform

More Trending

Bio Roundup: Remdesivir Data, Erasca’s $200M, a New FDA Nod & More

Xconomy

Remdesivir, the investigational Gilead Sciences antiviral drug, looks more likely than ever to become the first treatment authorized by the FDA to treat patients with COVID-19.

6 Leadership Requirements For Every Startup Business

Startup Professionals Musings

Almost every entrepreneur starts their journey by developing a solution, based on their idea of a new technology or required service. These idea and developer skills are necessary, but not sufficient, to build a business.

Snap Planning $750 Million Offering

L.A. Business Journal

Snap Inc. announced a $750 million debt offering the day after reporting a jump in first-quarter earnings and daily active users

HyperX Links With Music's HIT COMMAND

socalTECH

Fountain Valley-based gaming products brand HyperX says it is in a collaboration with HIT COMMAND , a subsidiary of Red Light Management, to bring music and entertainment celebrities from HIT COMMAND to the world of gaming and esports. According to the two companies, they are "creating a new experience that merges entertainment and gaming." The two said that HyperX will become the "Preferred Peripherals Partner" for several live and online events in development between the two companies.

Neurocrine Gets FDA Nod for Once-Daily “Add-On” Parkinson’s Pill

Xconomy

Many patients with Parkinson’s disease take a combination medication called levodopa/carbidopa to control their symptoms, but over time, experience “off” episodes in which the tremor, slowed movement, and difficulty walking that characterize the disorder occur.

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10 Strategies To Make You A Lucky Winner In Business

Startup Professionals Musings

Did you ever wonder why some entrepreneurs always seem to have all the luck and success, while others never seem to catch a break?

Miso Seeking $30 Million Round

L.A. Business Journal

Miso Robotics Inc., a Pasadena-based robotics and artificial intelligence company, is seeking to raise a $30 million Series C through crowdfunding on the SeedInvest platform

Ford Cancels Rivian Electric SUV Plans

socalTECH

Ford has cancelled an electric SUV it had planned to develop using technology from electric truck developer Rivian , as the automaker has gone into survival mode due to a massive impact from the ongoing pandemic. According to Ford's Lincoln arm, "Lincoln and Rivian have decided not to pursue development of a fully electric vehicle based on Rivian's skateboard platform," although Lincoln said they will continue to work together on other projects.

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Podcast: How San Diego is Building a Biotech Ecosystem – Genomics & Precision Medicine Experts Weigh in

Xconomy

Miss the event or want to revisit the insightful content? Our new podcast packages the highlights from the recent Xcelerating Life Sciences San Diego: Biomedical Breakthroughs in Precision Medicine & Genomics forum. Listen today.

5 Tips To Keep Your Startup Productive, Not Just Busy

Startup Professionals Musings

If you want to make a great first impression on a startup investor or an advisor like me, don’t try to convince me or show me how busy you are. For some reason, too many aspiring entrepreneurs I know seem to focus on “actions” rather than “results.”

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Boost Connects Buyers With Sellers

L.A. Business Journal

Boost Inc., a Calabasas-based ecommerce startup, is trying to reach modern shoppers using a new approach that employs some familiar technology

Scopely Acquires PierPlay, Developer Of Scrabble Go

socalTECH

Los Angeles-based mobile games developer Scopely PierPlay , the mobile game developer behind the popular game "Scrabble Go". Financial terms of the acquisition were not announced. Scrabble Go launched in March, and is based on the Scrabble title, which was licensed from Hasbro and Mattel. Scrabble Go is PierPlay's first title. Scopely was the publisher on Scrabble Go. READ MORE>>. scrabble scrabblego pierplay merger acquisition scopely videogame mobile

Erasca Lands $200M Mega-Round to Move Cancer Programs to the Clinic

Xconomy

Serial biotech entrepreneur Jonathan Lim has raised a whopping $200 million to advance multiple candidates at his latest cancer drug development venture, Erasca, into human testing. Lim (pictured) sold his previous company, Ignyta, to Roche for $1.7 billion.

10 Keys To Limiting Your Startup Story To Ten Minutes

Startup Professionals Musings

The average length of a funding pitch to angel investors is ten minutes. Even if you have booked an hour with a VC, you should plan to talk only for the first fifteen minutes.

Boost Connects Buyers With Sellers

L.A. Business Journal

Boost Inc., a Calabasas-based ecommerce startup, is trying to reach modern shoppers using a new approach that employs some familiar technology

Embodied Rolls Out Companion Robot, Moxie

socalTECH

Pasadena-based robotics developer Embodied , led by Paolo Pirjanian, the former CTO of iRobot, said this morning that it has launched Moxie , the company's first product. The company said Moxie is an "animate companion" aimed at helping to promote social, emotional, and cognitive learning for children.

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Snap Planning $750M Offering

L.A. Business Journal

Snap Inc. announced a $750 million debt offering the day after reporting a jump in first-quarter earnings and daily active users

Lead Inclusively Finds $1.5M

socalTECH

San Diego-based Lead Inclusively , a consulting firm which provides technology-enabled services around diversity, equity, and inclusion, said last week that it has raised $1.5M in a funding round. The funding came from angel investors Christopher Craig and Fran Craig. Lead Inclusively said the new funding will go towards further developing its software-as-a-service platform, which is says is focused on "the science of behavior change and habit formation."

CalAmp Teams With Mexican Insurer

socalTECH

Irvine-fleet tracking and stolen vehicle recovery systems developer CalAmp said on Thursday that it has partnered with Mexican insurance provider GNP Seguros , to provide its stolen vehicle recovery systems in Mexico. According to CalAmp, its subsidiary, LoJack Mexico, will begin installing its technology in both new and pre-owned vehicles insured by GNP at Michelin Car Centers and auto dealers across Mexico. Financial details of the deal were not announced.

Vital Data Technology Names Chief Medical Officer

socalTECH

Newport Beach-based Vital Data Technology , a developer of artificial intelligence software for the clinical informatics area, said this week that it has named Alan Spiro as its new Chief Medical Officer in Residence. Vital Data said that Spiro was most recently head of Blue Health Intelligence's development of new data services, and also previously served at Anthem and Medica, in addition to founding Accolade, which developed products for benefit management. READ MORE>>.

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Dear Media Finds $8M

socalTECH

West Hollywood-based Dear Media , which is developing a podcasting network focused on female voices, said on Thursday that it has raised $8M in a funding round. The funding came from private equity investor Magnet Companies. Dear Media is led by CEO Michael Bosstick, and the company was co-founded with Raina Penchansky. The company is focused on millennial and Gen-Z women. READ MORE>>. dear media podcasting female venture capital investment magnet

NASA Selects SpaceX For Moon Landing System

socalTECH

Hawthorne-based SpaceX is one of three companies which was selected by NASA today to develop lunar landers to land astronauts on the Moon, according to NASA. According to NASA, SpaceX is one of the companies selected to design and develop human landing systems (HLS) for the agency's Artemis program.

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Progenity Names New CIO

socalTECH

San Diego-based molecular testing technology developer Progenity said this morning that it has named Troy Seelye as its new Chief Information Officer (CIO). Seelye was most recently at Teradata, and also served at Illumina, and Amgen. Seelye had spent 17 years of his career with Amgen. According to Progenity, Seeyle will help to strengthen the company's technology and data strategy. READ MORE>>. progenity molecular testing troy seelye executive

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Newegg Expands Logistics Effort

socalTECH

Los Angeles-based online electronics retailer Newegg says it has "dramatically increased" its logistics capabilities, as a result of the ongoing coronavirus pandemic. Newegg said its third-party logistics (3PL) operation has both increased production and made "significant hires" across the U.S. The company did not say how many people it has hired as a result of that expansion.

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RIVIT TV Pauses Service Due To Pandemic

socalTECH

Hollywood-based streaming television service Rivit TV , which recently launched a streaming television service which had allowed audiences to choose which series they wanted to support, says it will "pause" its service due to the COVID-19 pandemic. The company--which just launched on March 24th--blamed the "difficult current climate faced by audiences" and said it plans to restart in the Fall. The company had just launched three, original drama titles on March 24th.

Two Bit Circus Launches Virtual Cardboard Challenge

socalTECH

Los Angeles-based Two Bit Circus Foundation , the nonprofit, educational arm of Two Bit Circus, says it is launching a new online "virtual Cardboard Challenge", a competition that encourages the worldwide STEAM community to create projects using cardboard at home. According to Two Bit Circus Foundation, the effort is aimed at getting people to embrace creativity and inspire the next generation of inventors.

3Diligent Rolls Out New Software For Machine Shops

socalTECH

El Segundo-based 3Diligent , which provides CAD/CAM-based fabrication services such as 3D printing, machining, casting, and injection molding, said on Tuesday that it has launched new machine shop management software. The company said its new product, 3Diligent Shopsight, a set of tools aimed at streamlining digital manufacturing. 3Diligent said the new software works with its procurement service, ProdEX. 3Diligent is led by CEO Cullen Hilkene. READ MORE>>.

Palisades Growth Capital Sells Stake In Docupace

socalTECH

Los Angeles-based private equity investor Palisades Growth Capital announced this morning that it has sold off its ownership interest Los Angeles-based L Docupace , a developer of software for the wealth management industry. Financial terms of the sale were not announced. Palisades said it sold its interests in Docupace to another private equity investor, FTV Capital. Docupace is led by CEO Mark Tapling; the company also is backed by San Diego-based TVC Capital.

Medata Launches New Medical Pricing Tool

socalTECH

Irvine-based Medata , which develops bill review software for group health, workers' compensation and auto liability companies, says it has rolled out a new tool for medical services pricing called Lookup. The company said the new service--which starts at $25 for individual users--is aimed at smaller insurance carriers, Medicare Set-Aside companies, life care planners, law offices, nurse case managers, hospitals and doctors' offices.

Denovo Biopharma Acquires Tocagen's Replicating Gene Therapy Platform

socalTECH

San Diego-based Denovo Biopharma said this morning that it has acquired the entire replicating gene therapy platform from Tocagen. Financial details of the acquisition were not announced.