Sat.Mar 27, 2021 - Fri.Apr 02, 2021

When to pivot from your original plan?

Berkonomics

Plans do not often work as devised. . We are not always smart about the market or the product. We may miss the context of the times and come to market too soon or too late. We might not have researched the market diligently or used a focus group or other market research.

With an ARR topping $250 million, LA’s vertical SAAS superstar ServiceTitan is now worth $8.3 billion

TechCrunch LA

Who knew building a vertical software as a service toolkit focused on home heating and cooling could be worth $8.3 billion?

SaaS 220
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

ServiceTitan Secures $500 Million

L.A. Business Journal

Glendale-based ServiceTitan Inc. is quickly becoming one of the most valuable startups in the Los Angeles area

In Your Business, You Can’t Learn If You Don’t Listen

Startup Professionals Musings

When you are not presenting to investors or your team, try to spend more time listening than talking. You can’t learn anything new while you’re talking, yet many entrepreneurs seem to never stop.

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.

Chipotle Launches Bitcoin Giveaway

socalTECH

Newport Beach-based Chipotle is jumping into the Bitcoin craze, saying today that it is launching a promotion where it will give away $100,000 in Bitcoin, plus another $100,000 in free burritos, as part of a "National Burrito Day" on April 1st. According to Chipotle, the promotion focuses on attempting to guess a valid, six-digit code for a chance to win a free burrito or up to $25,000 in Bitcoin.

131
131

Google promises better 3D maps

TechCrunch LA

Google is announcing a handful of major updates to Google Maps today that range from bringing its Live View AR directions indoors to adding weather data to its maps, but the most tantalizing news — which in typical Google fashion doesn’t have an ETA just yet — is that Google plans to bring a vastly improved 3D layer to Google maps.

Google 177

More Trending

5 Benefits Of Business Leadership By Asking Questions

Startup Professionals Musings

I’m a big fan of the old adage "There are no stupid questions, only stupid answers."

K2 Insurance Services Buys Software Company Loss Run Pro

socalTECH

San Diego-based K2 Insurance Services, which owns a number of insurance services companies, said it has acquired software developer Loss Run Pro. Loss Run Pro develops subscription-based software that helps request, track, and manage loss runs. Financial details of the acquisition were not announced. Loss Run Pro is based in Missoula, Montana, and was only founded in early 2020. Loss Run Pro apparently was part of a startup accelerator call the BrokerTech Ventures' (BTV) 2020 Accelerator.

USC Viterbi Startup Garage Deadline

SoCal Tech Calendar

Friday, April 2, 2021 -- USC Viterbi Startup Garage Deadline. USC Viterbi Startup Garage (VSG) is hosting an open call for early-stage technology startups for their Spring Cohort kicking off late-April. VSG is an incubation space in the heart of Silicon Beach to stimulate the growth of technology-based ventures and support the USC innovation network.

USC 100

Live Audio App Locker Room Acquired by Spotify

L.A. Business Journal

Betty Labs Inc., the mid-Wilshire-based creator of live audio app Locker Room, has been acquired by Spotify

141
141

5 New Marketing Rules For Today’s Customer Generation

Startup Professionals Musings

As a business consultant, I often have to remind small business owners that their marketing needs to be more interactive, versus the traditional “ push ” model, where you broadcast your message to as many people as possible.

HyperloopTT Unveils Designs For Commercial Hyperloop

socalTECH

Los Angeles-based "hyperloop" transportation systems company HyperloopTT said on Tuesday that it has unveiled completed designs for a fully functioning commercial hyperloop system, which it developed with engineering company Dar Al-Handasah. The company claimed that the design goes "beyond any rendering or concepts" which have been shown by other hyperloop companies.

Design 116

ChargerHelp raises $2.75M to keep EV chargers working

TechCrunch

The coming wave of electric vehicles will require more than thousands of charging stations. In addition to being installed, they also need to work — and today, that isn’t happening.

Live Audio App Locker Room Acquired by Spotify

L.A. Business Journal

Betty Labs Inc., the mid-Wilshire-based creator of live audio app Locker Room, has been acquired by Spotify

141
141

6 Ways Dedicated New Ventures Have Mastered Hardship

Startup Professionals Musings

We all know entrepreneurs who have overcome adversity, like the current pandemic or personal setbacks, and achieved success. There are famous people like Walt Disney and Nelson Rockefeller, who overcame learning disabilities, and people like J. Penney and J.

Citadel Defense Lands New DoD Contract, Worth $5M

socalTECH

San Diego-based drone security systems developer Citadel Defense reported on Tuesday that it has snagged a new contract, from the U.S. Department of Defense, worth $5M. According to the company, it received the new contract award as an urgent, follow-on award to protect servicemen and servicewomen from small drone threats. Other details on the contract were not announced.

Startups have about $1 trillion worth of reasons to love the Biden infrastructure plan

TechCrunch

The sweeping infrastructure package put forward today by President Joe Biden comes with a price tag of roughly $2 trillion (and hefty tax hikes) but gives startups and the broader tech industry about $1 trillion worth of reasons to support it.

Counterpart Raises $10 Million for Insurance Tech Platform

L.A. Business Journal

Insurance technology company Counterpart Inc. announced March 23 that it had raised $10 million in funding to support the growth of its management liability insurance platform for small businesses

7 Reasons Many Owners Fail To Focus On Systemization

Startup Professionals Musings

In my experience, one of the biggest mistakes I see you make as a startup or new business owner is to create a business that is totally dependent on you. That means you are the only one who knows how the business works, you make all decisions, and progress grinds to a halt when you are away.

Entrada Ventures Raises $1.6M In SPV

socalTECH

Santa Barbara-based Entrada Ventures, a venture capital firm led by Alexander Fang, the former co-founder of Aurrion (acquired by Juniper Networks), has raised $1.6M in a special purpose venture investment fund. Details on the use of that fund and any other details on any linked investment were not announced. The SPV was disclosed through a regulatory filing.

What setups are best for secure network design?

Southern California Edison Blog

Modern networks require secure setups to ensure mission-critical data and sensitive communications are private and protected from outside parties looking to steal or access information being transmitted.

Investors Step Away From Dispo After Sexual Assault Allegations

L.A. Business Journal

Investors are backing away from social media app Dispo Inc. in light of sexual assault allegations against an associate of co-founder and YouTube celebrity David Dobrik

What the Recent Ransomware Attacks Mean for Cybersecurity

AllTopStartups

Did you know that experts say there was a 715% increase in ransomware attacks in 2020? Today’s world brings unprecedented opportunities for business and collaboration.

Curri Collects $6M For Construction Deliveries

socalTECH

Los Angeles-based Curri, which provides delivery of construction materials via car, truck, flatbed, box truck, and other means through its own network of contractors, has raised $6M in a funding round, the company said this week. The funding was led by Brick & Mortar Ventures, and also included Rainfall Ventures and Initialized Capital.

Google spinoff Cartken and REEF Technology launch Miami’s first delivery robots

TechCrunch

Self-driving and robotics startup Cartken has partnered with REEF Technology, a startup that operates parking lots and neighborhood hubs, to bring self-driving delivery robots to the streets of downtown Miami. With this announcement, Cartken officially comes out of stealth mode.

Orca Security Hauls in $210 Million for Cloud Security Product

L.A. Business Journal

It has been a big year for cybersecurity company Orca Security Ltd. In just the last 12 months, Orca has completed three funding rounds, bringing in nearly $300 million to fund the rapid expansion of its business

Mirati Therapeutics Names New Board Member

socalTECH

San Diego-based Mirati Therapeutics said this week that it has added Ms. Shalini Sharp as a new independent director at the targeted oncology company. Sharp was most recently Chief Financial Officer (CFO) at Ultragenyx, and also served at Agenus, McKinsey & Company, and Goldman Sachs. She also serves on the boards of Neurocrine Biosciences, Precision Biosciences, Sutro Biopharma and TB Alliance. mirati therapeutics executive board shalini sharp biotech lifescience

Blackline Launches Accounts Receivable Software

socalTECH

Los Angeles-based accounting automation software developer Blackline says it has launched a new product targeting the accounts receivable market. According to Blackline, the new product, Blackline AR Intelligence, offers up sales and payment performance data, ability to track and measure payment terms, outstanding balances, cash collected, and debt positions, and much more. Pricing on the new software was not announced. blackline accounts receiveable software automation accounting

Teledyne Clears Two Antitrust Reviews For FLIR Acquisition

socalTECH

Thousand Oaks-based Teledyne Technologies Incorporated says it has cleared antitrust reviews in both Canada and Canada for its ongoing acquisition of FLIR Systems. According to the company, it received a No-Action Letter regarding the proposed acquisition from the Competition Bureau of the Government of Canada on Wednesday, and a similar one from the Federal Cartel Office in Germany.

Piestro Partners With PopID

socalTECH

Santa Monica-based Piestro, a startup which is taking aim at automating the process of making pizzas, using robot technology, said this week that it has partnered with PopID, a developer of facial recognition payments technology. According to the companies, the partnership will let consumers pay with their face at Piestro's planned automated pizzeria locations. Piestro has developed a robot that makes pizza, which it is in the midst of developing.

Spotify Acquires Betty Labs

socalTECH

Music streaming service Spotify said on Tuesday that it has acquired Los Angeles-based Betty Labs, a developer of an app which lets sports fans and insiders chat about games. Financial terms of the acquisition were not announced, however, reports said the deal was worth "tens of millions" of dollars.

Viasat Taps NASA's Bridenstine For Board

socalTECH

Carlsbad-based satellite communications provider Viasat said this morning that it has named former National Aeronautics and Space Administration (NASA) Chief James "Jim" Bridenstine to the company's board of directors. According to Viasat, it now has eight members of its board.

GoGuardian Offers Up Free Mental Health Services To Schools

socalTECH

Los Angeles-based GoGuardian, which offers up software which helps protect students from harmful and distracting content, as well as manage mental health, says it will offer up its student mental health offering for free to school districts through the remainder of the school year. The company said the product--GoGuardian Beacon, helps identify students who are at risk of suicide or self-harm and will alert those who can help. goguardian mental health services suicide alert education school

Call of Duty League, Zenni Link In Sponsorship Deal

socalTECH

The Call of Duty League, the e-sports league run by Santa Monica-based Blizzard Activision, has signed up eyewear brand Zenni in a partnership deal, the two said on Wednesday. According to the two, Zenni is now the Official Eyewear of the Call of Duty League. Financial details of the deal were not announced. The two said that the partnership will feature Zenni's Blokz blue-blocker lenses, which are designed to reduce eye strain by blocking blue light from digital screens.

Erasca Adds Two To Board

socalTECH

San Diego-based Erasca, which is working on treatments for cancer--backed by more than $320 million in financing from ARCH Venture Partners, City Hill Ventures and Cormorant Asset Management, along with others--said it has added two members to its board of directors. The company said it added Bihua Chen and Julie Hambleton, M.D., to board.

Ascent Funding Targets Coding Bootcamps With Skills Fund Acquisition

socalTECH

San Diego-based Ascent Funding, a provider of student loans, says it is targeting the coding bootcamp market, with a new set of loans for those programs. The company said it is aiming to provde those loans to underserved students to give them access to higher education. Coding bootcamps--which offer short term training on technical skills, such as software development--have become popular in recent years to gain practical experience in technical fields.