Sat.Sep 14, 2019 - Fri.Sep 20, 2019

Impossible Foods will debut in SoCal grocery stores on Friday as first step in phased national rollout

TechCrunch LA

Congratulations Southern California Gelsons store shoppers, you’re getting Impossible Foods on your grocery shelves. The meatless ground meat substitute will be appearing in stores across the Southern California as the first step in a phased nationwide rollout on Friday.

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Los Angeles Approves Deal For Massive Solar, Battery Plant In Mojave

socalTECH

The City of Los Angeles has approved a massive, solar-and-battery in the Mojave Desert, which is expected to meet 6 to 7 percent of the city's electricity needs--including being able to supply power for four hours each night from a massive bank of batteries. The new project, which was approved last week , will supply the Los Angeles Department of Water and Power with up to 400MW of clean energy, with enough capacity to store 300MW/1200Mwh of energy at night.

Automated Trucking Company TuSimple Adds $120M More From Investors

Xconomy

UPS, the global package delivery giant, took a minority stake this summer in TuSimple, a self-driving trucking company, but didn’t reveal financial details. On Tuesday, the San Diego startup revealed that investment was part of an extended Series D financing round that now totals $215 million. In February, the company said it had raised $95 million in a round led by Sina (NASDAQ: SINA ), the Chinese tech company that runs the social media site Weibo, which is analogous to Twitter.

Most of your big problems start as small problems.

Berkonomics

Let’s talk about surprises. And whether to warn your superiors or your boards about these unraveling events early. You have a dashboard or KPI’s, don’t you?

Amplyx Inks Novartis Deal for Another Compromised-Immune System Drug

Xconomy

Amplyx Pharmaceuticals, which is testing a new type of drug against life-threatening infections acquired by patients with compromised immune systems, has acquired the rights to another drug that could also be of use in treating those with limited ability to fight off sickness.

Boundless Bio Gets $46M For Treating Aggressive Cancers

socalTECH

San Diego-based Boundless Bio , a startup that is developing treatments for aggressive cancers, has raised $46.4M in a Series A funding round. The funding was co-led by ARCH Venture Partners and City Hill Ventures, and also included Vertex Ventures, GT Healthcare Capital Partners, Boxer Capital of the Tavistock Group, Alexandria Venture Investments, and other undisclosed investors.

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Eying “Extra” DNA As Cancer Driver, Boundless Bio Debuts With $46M

Xconomy

In the nucleus of human cells sit our chromosomes, comprised mainly of tightly wound DNA.

Clutter Acquires The Storage Fox For $152M

socalTECH

Culver City-based Clutter , which operates a technology-enabled, self storage service which picks up, stores, and retrieves your excess stuff on demand, has acquired an operator of self storage services in the New York market, The Storage Fox. According to Clutter, it paid $152M for the portfolio of The Storage Fox, which has four properties in New York, in Long Island City, Brooklyn, White Plains and Yonkers.

Why Menlo Ventures Backed Its First Construction Tech Firm

Xconomy

Fieldwire , whose mobile app helps builders and construction crews coordinate their work, announced today it has lined up a total of $33.5 million across two newly disclosed fundraising rounds. The San Francisco-based construction tech company says it raised $8.5 million in a Series B funding round in 2017, and it has just added another $25 million from a Series C funding round led by veteran Silicon Valley venture capital firm Menlo Ventures.

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With its third fund, Revolution Ventures stays true to its mission

TechCrunch LA

Most of the venture capital firms covered in TechCrunch and other tech publications compete for a spot on the cap table of the hottest Bay Area, New York or Los Angeles companies of the moment. Few seek out companies in Indianapolis, Milwaukee or Tampa.

Fair Obtains $500 Million Credit Facility

L.A. Business Journal

Car leasing startup Fair secured a $500 million loan from Mizuho Bank in the company's third line of credit since July

8 Strategies To Avoid The Entrepreneur Arrogance Trap

Startup Professionals Musings

In my years of mentoring entrepreneurs, a problem I have seen too often is low self-esteem, and over-compensating through arrogance and ego. These entrepreneurs find it hard to respect customers or team members, and their ventures usually fail.

City of Los Angeles, Goren Holm To Invest In Blockchain Startup

socalTECH

The City of Los Angeles and investment firm Goren Holm Ventures --the new Blockchain investment firm of Alon Goren and Josef Holm--said they will be funding a blockchain pitch contest at the upcoming CIS blockchain conference.

AMAOC Marketing Tech Summit

SoCal Tech Calendar

Saturday, September 21, 2019 -- AMAOC Marketing Tech Summit. The AMAOC is hosting their 2nd annual Marketing Tech Summit at UCI. Keynote: MarTech in the Era of Customer Journey by Annette Franz Four tracks focused on marketing technology, customer journey and career advancement. See [link] (more

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PlayVS Raises $50 Million

L.A. Business Journal

Esports league organizer PlayVS announced Sept. 19 it raised a $50 million Series C to hire more staff and further its reach into amateur esports competitions

10 Key Components Of Every New Venture Strategic Plan

Startup Professionals Musings

Deciding to be an entrepreneur is a lifestyle move, and should be part of a long-term strategic plan. You shouldn’t be making this decision just because you are mad at your boss, or you would like to be rich, or someone else thinks you have a good idea.

CLU Launches Cybersecurity Program

socalTECH

California Lutheran University (CLU), in Thousand Oaks, says it has launched a new graduate program to help fill roles in the growing cybersecurity industry, providing a Masters of Science in Information Technology (MSIT). CLU--which announced the new program on Friday--said the program is aimed at helping filling the growing demand for filling cybersecurity teams.

Pelosi, Dems Unveil Price Plan: Are 25 Drugs Enough for Negotiation?

Xconomy

With the 2020 election just over a year away, House Speaker Nancy Pelosi (D-CA) has unveiled the Democratic Party’s answer to public discontent over high prescription drug prices. A preview of the plan was leaked last week. Today’s announcement doesn’t stray far.

Fair Obtains $500 Million Credit Facility

L.A. Business Journal

Car leasing startup Fair secured a $500 million loan from Mizuho Bank in the company's third line of credit since July

8 Change Triggers Every Entrepreneur Must Spot Early

Startup Professionals Musings

When the economy tanks as it did in the last recession, that’s a strong signal that things have to change, and it’s hard to miss. But most of us in business have to deal most of the time with weak signals, or change that is happening in a far more subtle way.

Steereo Finds Funding For Ridesharing Music Discovery

socalTECH

Los Angeles-based Steereo , which pays ridesharing drivers to stream new music to their riders, has raised a round of funding, which came from Moonshots Capital, Halogen Ventures, Moving Capital, Quake Capital, AET Fund, Beresford Partners, Fall Creek Capital, and Hawke Ventures. Financial details of the funding were not announced. Steereo was co-founded by Anne Kavanaugh and Jennifer Cullen. Steereo's mobile music platform helps connect music fans with new music.

Bio Roundup: Pelosi’s Reveal, Alder’s Deal, Biogen’s Fails & More

Xconomy

Boston, San Francisco, and a few other metro areas might dominate the US life sciences, but some weeks, all bio-related eyes are on the nation’s capital. Health concerns about vaping continue to mount, and the feds could get involved. Meanwhile, try to find someone in the federal government who isn’t involved in the drug-price debate.

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Hospitality Startup AvantStay Raises $20 Million

L.A. Business Journal

3L Capital led the Series A financing round, which AvantStay will use to advance its rental technologies and acquire more properties for clients to rent

10 Tips On Managing An Overwhelming Business Workload

Startup Professionals Musings

One of the most common complaints I hear from entrepreneurs is that they are overwhelmed by the workload and stress of starting their company. Then there are the additional challenges of balancing the demands of family and friends. Having too much on your plate can turn your dream into a nightmare.

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Citadel Defense Wins Contract From U.S. Air Force

socalTECH

San Diego-based Citadel Defense , which develops counter-drone technology for the military, government, and commercial market, reported today that it has scored a contract from the U.S. Air Force (USAF), where its technology will be used to detect and adaptively jam any drone swarms. Financial details of that contract were not announced. Citadel says its counter drone technology was "extensively validated" over 18 months by the The U.S. Department of Defense and Department of Homeland Security.

Q&A: New Rady Dean Ordóñez on School’s Growth, Startups, Ethics & More

Xconomy

Under Bob Sullivan, the Rady School of Management at UC San Diego matured into its teenage years. Sullivan became Rady’s founding dean in 2003, ahead of the fall 2004 enrollment of the school’s charter MBA class. Rady School is marking its sweet sixteen under a new leader, Lisa Ordóñez. Most recently vice dean of academic programs at the University of Arizona’s Eller School of Management, Ordóñez started as the Rady School’s new dean this month.

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Database Looks to Ease Bid Access

L.A. Business Journal

Los Angeles Area Chamber of Commerce spearheads an effort to create a unified database of contract bid opportunities for local small businesses

Wealthiest Angelenos: Leader of the Pack

L.A. Business Journal

The Business Journal’s annual look at the Wealthiest Angelenos features big dollars and big changes

Kitchen United Raises $40 Million Series B

L.A. Business Journal

Pasadena-based Kitchen United, which operates remote kitchen facilities for restaurants, finalized a $40 million Series B raise Sept.

Carmaker Canoo Feels Need for Speed

L.A. Business Journal

Electric vehicle-maker Canoo Inc. is preparing to reveal its first prototype

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