Sat.Sep 05, 2020 - Fri.Sep 11, 2020

Pitching access management on the fly, Los Angeles-based Britive raises $5.4 million

TechCrunch LA

It seems Los Angeles is becoming an enterprise software hotspot. LA saw its first big enterprise exit in recent memory with the recent acquisition of Signal Sciences for $775 million, and less than a month later a hometown startup, Britive has raised $5.4

Shareholders and founders: The muted thrill of the deal closing.


Now you have worked for months to get this deal to the closing, anticipating the wire transfers to the shareholders that will come any minute. This could change your lifestyle and give you that much needed pause in your life you have been looking forward to. How it happens today.

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Restrictions by China Narrow Options for TikTok

L.A. Business Journal

Already facing limited options amid pressure from the White House, any deal for the U.S. operations of TikTok may now encounter opposition from the Chinese government


Accelerators Have Resources To KickStart Your Startup

Startup Professionals Musings

One of the reasons that now is the time to be an entrepreneur is the explosion of startup assistance organizations, usually called incubators or accelerators.

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.

The Shed is a startup out of Virginia trying to revive the rental-for-everything business

TechCrunch LA

Reducing consumption by expanding the notion of the rental economy and giving people access to tools and equipment has been something of a startup holy grail for some time.

OpenX Names New CFO


Los Angeles-based advertising technology and ad exchange operator OpenX announced on Wednesday that it has named Mark Liao as the company's new Chief Financial Offier. Liao was previously at Amobee, where he had served as CFO for over three years. He previously had also served at Turn, iSocket, and Yahoo!, where he had been VP of Business Operations and VP of Operations Finance for the Yahoo! Americas business.

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7 Startup Proposals That May Raise Investor Red Flags

Startup Professionals Musings

If you aren’t willing to take some risk as an entrepreneur, then don’t expect any gain. Yet everyone has limits, and every investor implicitly has similar limits on what makes a startup investable, or one to avoid at all costs.

Imran Khan’s Verishop adds Verified Shops, a way for emerging brands to set up shop in its digital mall

TechCrunch LA

Verishop , the Los Angeles online retailer founded by former Snap executive Imran Khan, launched a little over a year ago to change the way people shop online.

VertueLab Launches Climate Impact Fund With Donation From LA Philanthropists


A new, climate-focused investment fund--the VertueLab Climate Impact Fund --said it launched yesterday afternoon, fueled by a donation from a couple of Los Angeles area philanthropists. Portland-based VertueLab said it launched its $5M, Climate Impact Fund with the first close of $525,000 from the Woka Foundation, ImpactAssets, Vanguard Charitable and a number of individuals. The Woka Foundation was co-founded by Barbara Karplus and her husband Rob Womer, two philanthropists from Ventura County.

SpaceX Hits Another Milestone With Launches

L.A. Business Journal

Space Exploration Technologies Corp. conducted two launches last week using its Falcon 9 rockets, including one mission that marked another milestone for the Hawthorne-based aerospace company

7 Negative Reactions To New Ideas And How To Prevail

Startup Professionals Musings

In business, and in your personal life, the ability to anticipate and overcome criticism is one of the biggest differentiators between leaders, who make things happen, and followers, who may have great ideas but never seem to get things to go their way.

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Urban Tech Connect 2020 // Forward

SoCal Tech Calendar

Tuesday, September 15, 2020 -- We believe that diverse ideas from all walks of life can help expand the realm of possibility for the entire world. The Urban Tech Connect // Forward Conference is helping bridge the gap of diverse ideation in technology.

Esri Acquires nFrames


Redlands-based geographical information systems (GIS) giant Esri announced this morning that it has acquired nFrames , a company that develops imagery and lidar 3D surface reconstruction software. Financial terms of the acquisition were not announced. According to Esri, the addition of nFrames will help its users capture and analyze 3D data from aerial, drone, and ground-based sensors. nFrames is known for SURE, a tool which helps with 3D data creation.

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Rocket Lab Deploys First In-House Satellite

L.A. Business Journal

Long Beach-based Rocket Lab USA Inc. made a successful return to flight on Aug. 30, rebounding from a July mission where the company lost its launch vehicle and client payloads

7 Strategies To Solve Your Business Problems Faster

Startup Professionals Musings

Problem solving is a full-time task in business. Whether you own the business, or have only a small role in daily operations, making decisions and solving problems is a key part of your job.

Bio Roundup: COVID-19 Pact, Gavreto Approval, Generative Biology & More


COVID-19 research efforts are often described as a race between companies, a description that reflects the urgency to develop a vaccine for the novel coronavirus. The description is not quite right.

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Greycroft Backs Chartable In $2.25M Funding


Los Angeles-based venture investment firm Greycroft Partners is one of the backers in a $2.25M funding round for Chartable , an online service which provides statistics for podcast downloads. According to Chartable, it raised $2.25M in its seed funding, which was led by Initialized Capital, and also included Naval Ravikant, Greycroft Partners, The Fund, Weekend Fund, Jim Young and Lukas Biewald. Chartable is an "all-remote" startup, although its founders are based in New York City.

Tech Titans See Gains as Industry Becomes Even More Essential

L.A. Business Journal

While many industries have struggled in the face of Covid-19, companies in the nimble tech sector have adapted quickly and, in many cases, even thrived

8 People And Process Talents Every Entrepreneur Needs

Startup Professionals Musings

In my experience in large businesses as well as years of advising startups, I see far too much focus on product skills, and too little on people and process skills.

Final Agenda Released for the Sept. 21 Xcelerate Keynote Series at Biotech Week Boston


Presented by Xconomy, the online Xcelerate Keynote Series at Biotech Week Boston on Monday, Sept. 21 places a spotlight on life science leaders who are breaking new ground with methods and solutions in R&D, planning, and production that are improving patient outcomes.

Final Draft Names President


Burbank-based Final Draft --which is owned by software developer Cast & Crew --says it has named Shelly Mellot as President of the company. Final Draft is a developer of screenwriting software. According to Cast& Crew, Mellott has been at Final Draft for 14 years, having joined the company in 2006. Mellot was most recently Vice President of Sales and Marketing for the company. Final Draft's software is used by scriptwriters, and automatically formats scripts to industry standards.

8minute Solar Energy Signs Big Solar Plus Storage Project


Los Angeles-based solar power developer 8minute Solar Energy and Southern California's Clean Power Alliance announced on Thursday that the Clean Power Alliance has signed a 15-year, power purchase agreement (PPA) for a 400 megawatt solar power plant, with 180MW/540MwH energy storage project in Tulare County. According to the two, the Rexford 1 Solar & Storage Center will be the largest solar-plus-storage effort for a community choice aggregator.

ProSciento Finds Funding For Clinical Research


San Diego-based ProSciento , a clinical research organization (CRO) which focuses on non-alcoholic steatohepatitis (NASH), diabetes, obesity, and related metabolic diseases, has raised a round of funding, the company said this week. Size of the funding was not announced. According to ProSciento, the growth financing came from 1315 Capital. The company said it was advised by SVB Leerink in the transaction. ProSciento is led by Dr. Marcus Hompesch.

Bonfire Ventures Closes Second Fund, Bonfire II


Los Angeles-based Bonfire Ventures has closed its second fund, Bonfire Ventures II , at $100M. According to the firm, the new fund was oversubscribed. The fund is a boost from the firm's last fund, which closed in January of 2017 at $63M. Bonfire says it plans to invest in 25 to 30 companies over a three year investment period, focused on the seed stage of investing.

Seismic Names VP


San Diego-based sales enablement and marketing software developer Seismic said this morning that it has named Heather Cole as the company Vice President, Market Growth. Cole was previously VP and Research Director at Forrester-SiriusDecisions. According to Seismic, Cole has over 20 years of expertise and leadership in the area, and also had served at Wolters Kluwer, Ricoh, IKON and Pitney Bowes. Seismic is venture backed by Lightspeed Venture Partners, T.

RepairSmith Offers Up $250K in Free Repairs To Nonprofits


Los Angeles-based on-demand, mobile automotive repair service RepairSmith announced this week that it will provide up to $250,000 in free repair service to nonprofits focused on advancing socioeconomic, racial and ethnic equality, in the company's service area. According to the company, Jump Start , its new program, will allow any non-profit which meets its program criteria to apply for up to $10,000 in free services for its passenger and light duty vehicles.

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UNest Acquires Littlefund


North Hollywood-based UNest , which operates a mobile app which helps parents set up saving plans for their children's college, has acquired Littlefund , an app and service which helps parents with collecting gifts, and tracking and saving towards a child's goals. According to UNest, the acquisition will help it expand its product offerings. Financial details of the acquisition were not announced. UNest said it will integrate features, including gifting, into its iOS and Android apps.

Inseego Rolls New 5G Hotspot For Verizon


San Diego-based wireless hardware maker Inseego has rolled out a new, wireless hotspots for Verizon today, sayin git has launched a second-generation, 5G hotspots for Verizon's 5G Utra Wideband network. According to Inseego, its new Inseego MiFi M2100 5G UW mobile hotspot is now available from Verizon. The company said the new hardware is aimed at use by remote workers, first responders, for AR/VR, telemedecine, gaming, and other applications.

Monkey Knife Fight Teams With Texas Rangers


Los Angeles-based fantasy sports site Monkey Knife Fight said this week that it has partnered with the Texas Rangers , on a promotion where the company will donate a minimum of $50,000 to the Texas Rangers Baseball Foundation. The promotion involves placing cutouts of their logo, "Furious George" in the left field seating area, and donating $10,000 to the Texas Rangers Baseball Foundation each time a ball from either the Rangers or the opposing team hits one of the cutouts.

BayWa r.e. Acquires Enable Energy


BayWa r.e. , a renewable energy developer and distributor with its U.S. office in Irvine, says it has acquired Enable Energy , a solar and energy storage solutions provider. Financial terms of the acquisition were not announced. BayWa r.e. says it will expand its solar and storage capabilities with the acquisition. Enable Energy provides engineering, procurement and construction (EPC) and operations and maintenance (O&M) support, according to BayWa r.e. BayWa r.e.

VueXR Launches Augmented Reality, VR Publishing Tool


Los Angeles- and India-based VueXR , a developer of augmented reality, virtual reality, and mixed reality publishing tools, said it has launched a new platform to help publish content via iOS and Android smartphones. According to the company, its free tool can be used to share XR emojis, send XR wishes, showcase animated XR movie trailers, share XR game trailers, and more. The ocmpany said it was founded in Gujarat, India, by Ankit Patel and Sanket Kale. READ MORE>>.

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VideoAmp Names EVP


Los Angeles-based VideoAmp , which measures advertising impact across multiple mediums--including linear TV, OTT, and digital--says it has named Jonathan Steuer as its EVP of TV Strategy and Currency. Steuer was most recently Chief Research Officer at Omnicom Media Group (OMG). The company says Steuer has been in media research and audience-based media planning for nearly two decades. VideoAmp is backed by Raine Group, Ankona Capital, Mediaocean, and RTL Group. READ MORE>>.

Hollywood Studios To Collect $9.9M From VidAngel


A group of Hollywood studios will collect $9.9M from bankrupt "movie sanitizing" service VidAngel , and VidAngel will drop a appeal of a $62.4M copyright infringement suit award, as part of an agreement between VidAngel and the studios. Disney, Warner Bros., 20th Century Fox and others had sued VidAngel in 2016, in order to stop the company from editing movies and streaming them to its customers. VidAngel--based in Utah--filed for bankruptcy in October of 2017, in order to avoid paying the $62.4M

Strategic Data Center Gets $200M Credit Facility For Data Center Acquisitions


Costa Mesa-based Strategic Data Center Fund Manager , which acquires data center real estate, says it has secured $200M in a credit facility, from Sunflower Bank. The company said the credit line--initially worth $25M--will allow it to continue acquiring and developing its portfolio of data center real estate assets. Strategic Data Center said the first $25M of the line of credit will go to facilitate the acquisition of a data center property. Bryan Marsh is CEO of Strategic Data Center.

The List Completes Startup Academy, Competes For Investment Dollars


El Segundo-based The List , a startup which operates a matchmaking service for business professionals, is one of four, female-led startups which is part of Beta Boom , a startup accelerator focused on training traditionally overlooked founders, such as women and people of color.

Ensysce Biosciences Names New Board Member


San Diego-based Ensysce Biosciences , which is developing opioid pain medication, says it has named Steven R. Martin to its board of directors. Martin is Senior VP and Chief Financial Officer of Aramata Pharmaceuticals. Ensysce said the expansion will help move its new opioid drug glasses, TAAP and MPAR, through clinical development. Ensysce says it is developing 2 new classes of opioid pain medication with abuse and overdose protection. READ MORE>>.

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