Sat.Nov 02, 2019 - Fri.Nov 08, 2019

8minute Solar Energy Wins City of Los Angeles

socalTECH

Los Angeles-based utility-scale solar power project developer 8minute Solar Energy says it is in a partnership with the Los Angeles Department of Water and Power (LADWP), to build a new, 4000MW solar energy plant near California City. According to 8minute, the project also includes up to 300MW/1200MWh (megawatt hours) of battery storage, which can be used to provide power when the sun is not shining.

Elon Musk will reveal Tesla’s ‘Cybertruck’ all-electric pickup on Nov. 21

TechCrunch LA

Tesla CEO Elon Musk said Wednesday that the company will unveil its all-electric “cyber truck” Nov. 21 in Los Angeles near the serial entrepreneur’s other company SpaceX. The date just so happens to coincide with the LA Auto Show. However, this is a Tesla event and not associated with the auto show in downtown Los Angeles. Cybertruck unveil on Nov 21 in LA near SpaceX rocket factory. — Elon Musk (@elonmusk) November 6, 2019.

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Activision Exceeds Earnings Expectations

L.A. Business Journal

Santa Monica-based Activision Blizzard Inc. reported third-quarter revenue of $1.2 billion

Annual reviews or constant feedback?

Berkonomics

Here comes a controversial subject. How often do you take the time to rate your direct reports? Is it worth the time and effort when measured from the perspective of the company and of the employee? In terms of time, this can be expensive and disruptive to you and your direct reports. In terms of value…well let’s examine that. What metrics will you use to fairly evaluate each direct report?

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.

Interview with Anthony Citrano, Acquicent

socalTECH

Our interview this morning with an entrepreneur is with Anthony Citrano , the founder of Los Angeles-based Acquicent (www.acquicent.com), a startup which wants to make it as easy for you to invest in museum-grade collectibles such as classic cars and art, without having to invest millions of dollars in those assets. Anthony previously was a VP at Verizon and EdgeCast. Tell us a bit about your new startup?

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Venture capitalists ‘like and subscribe’ to influencers

TechCrunch LA

Danielle Bernstein is just 27 years old, but she’s been running her own business for 10 years. First it was street-style photography, then came the launch of her popular fashion blog WeWoreWhat. Next she took to Instagram, a new social media platform that quickly became the most effective tool in a blogger’s toolkit. With new followers — today her account, @weworewhat , has 2.2 million — came opportunities to monetize her influence.

More Trending

Edison Preps $4B Nuclear Project

L.A. Business Journal

Southern California Edison announces start date for AECOM-led project to decommission the San Onofre nuclear power plant

Parabol Picks Up $4M For Software Tools

socalTECH

Los Angeles-based Parabol , a startup developing software management tools, used to manage the efforts of development teams, has raised $4M in a funding round, the company said this morning. The funding came from CRV, Haystack, and the SlackFund. The company--which moved here from Brooklyn, New York, but is mostly virtual--is led by founder and CEO Jordan Husney. The company's software helps development teams manage their processes, and is focused on Agile development processes.

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Scanwell Health launches smartphone tests for UTIs in partnership with Lemonaid Health

TechCrunch LA

Companies continue to refine digital diagnostic tools for in-home healthcare at a rapid clip. The latest to launch is an at-home test for urinary tract infections from the Los Angeles-based startup Scanwell Health. The company was founded by Stephen Chen, who literally grew up in the diagnostics testing business.

10 Ways To Enhance The Legacy You Leave From Business

Startup Professionals Musings

Every entrepreneur and business leader waits too long before really working on the legacy that he wants to leave to society and his family.

Guide 76

HyreCar Increases Revenue, Losses in Third Quarter

L.A. Business Journal

Santa Monica-based car rental startup HyreCar Inc. reported third-quarter revenue of $3.7 million

Kajabi Gets Funding From Spectrum Equity

socalTECH

Irvine-based Kajabi , which develops a platform that helps both individuals, as well as small- and mid-sized businesses monetize online courses, training materials, and other content, has receive an investment from private equity investor Spectrum Equity. Financial details of the minority growth investment were not announced. Kajabi said the funding is its first institutional funding since it launched in 2010.

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The surprisingly boring road to self-driving cars

TechCrunch LA

At last, it is here ! The truly self-driving car, no human behind the wheel! For the public! …A few hundred of them, in a closed beta, in a small corner of sun-drenched (never snow-drenched, almost never water-drenched) suburban Phoenix, five years later than some people were predicting six years ago. Few new technologies have ever been more anticipated and more predicted than the self-driving car. Anyone who drives cannot help but imagine not having to drive any more.

10 Ways To Trample And Smother Business Innovation

Startup Professionals Musings

Success in any business these days requires a constant flow of new and innovative solutions, to keep up with changes in the market, competition, and to attract new customers. Yet in my role as a small business advisor, I still see a singular focus on achieving repeatable processes and “cookie-cutter” manufacturing. I don’t believe these two objectives have to be mutually exclusive.

Salon App Boulevard Makes the Cut

L.A. Business Journal

Salon booking service Boulevard raised $11 million in Series A funding, the company announced Nov.

Valence Connects With $2.5M For Black Social Networking

socalTECH

Los Angeles-based Valence , which is developing a social network specifically for black professionals, has raised $2.5M in funding, the company said this week. The funding was led by Upfront Ventures, and also included funding from Sinai Ventures, Human Ventures, High Alpha and angels Paul Judge, Peggy Alford and Willie Alford. The company was co-founded by Upfront's Kobie Fuller, along with La Mer Walker and Emily Slade.

As developers embrace Kubernetes, Replicated launches tools to manage its deployments

TechCrunch LA

Five years ago, when the Los Angeles-based enterprise software startup Replicated first launched, it was one of a number of contenders looking to bring containerized software development tools to businesses. The company initially hitched its star to containerized software development toolkit, Docker, but over time developers began to migrate to another containerized software development platform — Kubernetes.

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6 Steps To Move From Inspiration To Business Reality

Startup Professionals Musings

As a new business advisor and occasional investor, I get approached regularly by people who have a dream or a new business idea, and are looking for support and money to make it a reality. They are usually short on specifics required for execution , so I have to tell them that the idea is the easy part – and the real challenge is execution, even if someone gives you the money.

Flood Control Project Set

L.A. Business Journal

Army Corps of Engineers awards Tetra Tech a contract worth up to $40 million

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Bal Seal Engineering Acquired By Kaman For $330M

socalTECH

Foothill Ranch-based Bal Seal Engineering , a manufacturer of springs, seals, contacts, as well as other products for the medical, aerospace and defense, and industrial market, has been acquired by Connecticut-based Kaman Corporation , in a deal worth $330M in cash. Acording to Kaman, the acquisition will significantly expand and diversity its portfolio of products, and help it reach into high-growth and high-margin medical and industrial end markets.

Wrench’s on-demand vehicle repair and maintenance service picks up $20 million

TechCrunch LA

Wrench , the Seattle-based on demand vehicle maintenance and repair service for consumers and fleets, has raised $20 million in its latest round of financing. The company’s round was led by Vulcan Capital with additional participation from Madrona Venture Group, Tenaya Capital and Marubeni Corp.

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Masters of Game Design Speaker Series w/ Voldi Way

SoCal Tech Calendar

Thursday, November 14, 2019 -- Masters of Game Design Speaker Series w/ Voldi Way. Join WayForward's "Tyrannical Overlord" Voldi Way (Shantae series, Adventure Time, Duck Tales Remastered, TMNT, Aliens Infestation, Mighty Switch Force!, A Boy and his Blob and many, many more!) in a chat with NYFA's Scott Rogers (God of War, author of Level Up! The Guide to Great Game Design) as they discuss Voldi's career running one of the longest lasting independent game studios.

Plugging Away

L.A. Business Journal

Los Angeles’ electric vehicle companies keep plugging along despite setbacks

A2 Biotherapeutics, Founded By Amgen Vets, Gets $57M For Cell Therapies

socalTECH

Agoura Hills-based A2 Biotherapeutics , a biotechnology firm started by veterans of Amgen which is developing cell therapies for cancer patients, has raised $57M in a Series A funding round, the company said this week. The startup was founded by Scott Foraker and Alexander Kamb. The funding came from The Column Group, Vida Ventures, Samsara BioCapital and Nextech Invest. Kamb was formerly SVP of Research at Amgen.

How To Change The Course Of Your Business Gracefully

Startup Professionals Musings

You will be pivoting your business in your lifetime, whether you are a new startup, or a mature company like Motorola or IBM. You can count on it and plan for it, or you wait for the next survival crisis brought your way by this rapidly changing world. You can even give it a more elegant name, like “market-focused reinvention,” but it won’t be graceful if you don’t take the lead. Pivoting” is changing a fundamental part of your business model.

LAVA Digital Media: The Military and Digital Media: Comrades in Arms

SoCal Tech Calendar

Thursday, November 14, 2019 --.

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AstraZeneca Chooses China for R&D and AI Centers, $1B Biotech Fund

Xconomy

AstraZeneca says it will establish centers for drug research and artificial intelligence development in China. The pharmaceutical giant has also set up a $1 billion fund to foster biotech innovation in that country. The move – which was announced at the China International Import Expo this week – will see the AstraZeneca found a global R&D center in Shanghai’s central Jing’an district.

Ordermark, Uber Eats In Partnership, Technology Integration Deal

socalTECH

Los Angeles-based Ordermark , the restaurant software and services developer spawned out of LA's iconic Canter's Deli, has inked a technology and technology integration deal with Uber Eats , Uber's food delivery service, the two said on wednesday. According to the two, the partnership and technology integration will push Uber Eats orders to the Ordermark Dashboard, making it easier for restaurants to use Uber Eats and manage off-premise orders.

Why Dedicated Internet Access is the Best Fit for Enterprises

Southern California Edison Blog

In the world of business, network downtime delays employee productivity, which negatively impacts revenue streams. While it might be tempting to cut costs and use an inexpensive, shared network option, businesses will profit from investing in a private, network option. Dedicated Internet Access (DIA) is a high-bandwidth connectivity option that provides organizations with a reliable and secure internet connection dedicated to its needs via a private circuit direct to the internet.

Pitch and Learn With Investors

SoCal Tech Calendar

Thursday, November 14, 2019 --.

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GE Healthcare Opens Startup Labs at Former AstraZeneca UK R&D Site

Xconomy

The doors have opened at a GE Healthcare-supported open-access lab for startups at AstraZeneca’s former global center for oncology research and development at Alderley Park, the largest bioscience research campus in the UK. The AstraZeneca (NYSE: AZN ) site in Macclesfield, UK, housed 3,500 staff and was instrumental in developing a number of its cancer drugs including tamoxifen (Nolvadex), goserelin (Zoladex), bicalutamide (Casodex), anastrozole (Arimidex), and gefitinib (Iressa).

Q-CTRL Sets Up US Headquarters In LA

socalTECH

Q-CTRL , a quantum computing startup started in Sydney, Australia, says it has set up a new, U.S. headquarters in Los Angeles. According to the company, it is looking to recruit quantum computing technologists as well as software engineers experienced in AI and machine learning here at its new location, where it says it will help serve its based of industrial and academic clients here in the United States.

Miso Robotics Looks Towards Crowdfunding For $30M

socalTECH

Pasadena-based robot developer Miso Robotics is turning towards equity crowdfunding for its next fundraise, the company said this week. Miso--known for its kitchen assistant robot, Flippy--says it has started opening up reservations for a new equity crowdfunding round. The funding is also being supported by Wavemaker Labs, the "startup studio" arm of investment firm Wavemaker Ventures. Miso Robotics is led by CEO and co-founder Buck Jordan, and already has raised $15M in earlier round of funding.

Chrome River Wins TIBCO

socalTECH

Los Angeles-based expense and invoice management software developer Chrome River has signed on a big new customer, enterprise software developer TIBCO Software. According to Chrome River, TIBCO will deploy its Chrome River EXPENSE software across its organization, replace an existing expense management solution. Financial impact of the customer win was not announced.

Teradata Swizzles CEO

socalTECH

San Diego-based Teradata , a provider of cloud-based data analytics software for the business market, has swapped its CEO, saying Thursday afternoon that its former CEO, Oliver Ratzesberger, is no longer its President and CEO, and also has resigned from Teradata's board. The reasons for the abrupt departure of Ratzesberger were not given. According to Teradata, it has named Victor Lund, currently executive Chairman of Teradata's board of diretors as Interim President and Chief Executive Officer.

LA's ECMC Foundation Backs Female Entrepreneurs

socalTECH

Los Angeles-based ECMC Foundation , a foundation that provides funding to both nonprofit and for-profit ventures focused on college success and career readiness, has helped backed two female entrepreneurs, along with investment firm Chloe Capital. According to ECMC and Chloe Capital, they made an investment in Inscribe , the developer of an app used to help students succeed through community support.