Sat.Oct 05, 2019 - Fri.Oct 11, 2019

Waymo is creating 3D maps of Los Angeles to better understand traffic congestion

TechCrunch LA

Waymo, the autonomous vehicle company under Alphabet, has started creating 3D maps in some heavily trafficked sections of Los Angeles to better understand congestion there and determine if its self-driving vehicles would be a good fit in the city.

Canoo Sued for Gender Discrimination

L.A. Business Journal

Electric vehicle startup Canoo and Chief Executive Stefan Krause were sued for wrongful termination by former communications lead Christina Krause

Image Metrics Rolls Out New AR Platform

socalTECH

El Segundo-based Image Metrics , a developer of computer vision and facial analysis and tracking tools, has rolled out a new platform for implementing augmented reality (AR), which it calls LUNAR. According to Image Metrics, the new tool is aimed at marketers, helping them to implement augmented reality (AR) effects for marketing initiatives.

Do people follow when you (think you) lead?

Berkonomics

Let’s get personal. Do you think you’re much better than a marginal leader? Well, here are a few tests for you to help come to an answer. And a few tips for you if you fall a bit short. Why do people follow their leader? Dictators are not great leaders in the long run.

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EV subscription startup Canoo, co-founder sued for alleged harassment

TechCrunch LA

Just weeks after Canoo took the wraps off of its electric vehicle , the Los Angeles-based startup and co-founder Stefan Krause has been accused of gender and marital discrimination, harassment, breach of contract, and wrongful termination in a lawsuit filed Tuesday.

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10 Signals That You Can Be A Trusted Business Leader

Startup Professionals Musings

Every entrepreneur and business leader believes that he or she has the full trust of their team and their customers, and in fact most do in the beginning. In my experience, most business professionals still believe in the old proverb, “ trust but verify.”

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Video Interview: Michael McCrary, PureSpectrum

socalTECH

Our video interview today is with Michael McCrary, CEO and founder of PureSpectrum , a Westlake Village-based startup in the survey and sampling industry. Michael tells us about how he founded the company, and gives some hints and tips on entrepreneurship. READ MORE>>.

Via is launching an on-demand public transit network in the city of Cupertino

TechCrunch LA

Shuttle startup Via and the city of Cupertino are launching an on-demand public transportation network, the latest example of municipalities trying out alternatives to traditional buses.

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If These Quotes Could Be You, Don’t Try A New Startup

Startup Professionals Musings

Some people are not cut out to be entrepreneurs. This is a good thing, or the business world would be chaos, with everyone trying to do their own thing. So what about you?

Upfront Ventures Leads $6 Million Series A for Nexkey

L.A. Business Journal

Smart lock technology company Nexkey raised a $6 million Series A led by Santa Monica-based Upfront Ventures

Linksys Launches Motion Sensing WiFi Technology

socalTECH

Los Angeles-based Linksys , the connect home and networking division of Belkin , has rolled out a new, in-home motion sensing technology, which will alert users of motion in their home--without the installation of other hardware. The new system appears to use the variation in Wi-Fi signals to detect when there is motion within the range of the Linksys mesh network.

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LabFellows Looks to Become “Operating System” For Life Sciences Cos.

Xconomy

Scientists, no matter how sexy the research they’re conducting, aren’t immune from the administrative minutiae of office life. Such tasks steal time away from researchers’ main objectives. However, that wasn’t the problem San Diego startup LabFellows was looking to solve when it launched in 2014.

7 Strategies To Make You A Business Leader Role Model

Startup Professionals Musings

We are living in a new generation of business, where customers drive the experience, and highly engaged employees are required to keep up with customer expectations. Traditional business leadership practices, including autocratic, reactive, and narcissistic, aren’t good enough.

MedMen Terminates PharmaCann Purchase, CFO

L.A. Business Journal

Cannabis retailer MedMen Enterprises Inc. terminated an agreement to acquire pot cultivator PharmaCann

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The Trade Desk Names Chief Data, Trust Officer

socalTECH

Ventura-based The Trade Desk announced this morning that it has named Sandeep Swadia as its new Executive Vice President, Chief Data and Trust Officer. Swadia was most recently CEO of White Ops, a company in the digital advertising fraud prevention area, and according to The Trade Desk, has more than 20 years of experience in the technology and media industry. Swadia will be based in The Trade Desks's New York offices. Swadia reports to The Trade Desk's founder and CEO, Jeff Green.

Five Years After Y Combinator First Admits Biotechs, They’re Dug In

Xconomy

Five years ago, the big tech incubator Y Combinator started to welcome life sciences companies into its sizable startup classes, which had previously nurtured entrepreneurs in information technology almost exclusively. That opening to biotech startups in 2014 was controversial at the time.

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How To Check Your Ethics Before A Business Decision

Startup Professionals Musings

Most business leaders I know clearly understand the difference between legal and illegal activities, but often are not so clear on the line between ethical and unethical. Unfortunately, there is no universal code of business ethics , written down and enforced by some external governing body.

Triumph Aerospace to Close L.A. Facilities, Lay Off 250

L.A. Business Journal

Triumph Aerospace will close two factories in Hawthorne and Torrance and lay off 250 employees beginning in December

Thin Line Capital Launches New Energy, Sustainability Fund

socalTECH

Pasadena-based Thin Line Capital announced this morning that it has launched a brand new, energey and sustainability fund, which will invest in cleantech investing. The new firm, led by serial entrepnd investor Aaron Fyke, said its seed stage fund has had its first close of over $5 million. Fyke previously had been CEO of multiple companies for Idealab, and also was a cleantech investor at Starfish Ventures in Australia.

The Placebo Effect Is Hobbling New Psychiatric Drugs. What Can Stop It?

Xconomy

Sixteen years ago, Kim Witczak’s husband died by his own hand, turning her world upside down. He had just begun taking an antidepressant off-label for insomnia, and she believes an undisclosed side effect of the drug drove him to suicide.

6 Lessons For Business Leaders From Military Training

Startup Professionals Musings

You have to be extra tough mentally to start a new business venture.

Thin Line Capital Raises First Fund, Backed by Wavemaker

L.A. Business Journal

Pasadena-based Thin Line Capital raised a $5 million seed-stage fund to support clean technology and eco-friendly startups

The OIX Names Laurence Sotsky As CEO

socalTECH

El Segundo-based The OIX , a fintech company that is developing tax credit and incentives management software, has named technology startup veteran Laurence Sotsky as its new CEO, according to the company. Sotsky was most recently head of venture-backed, mobile application development startup Hopscotch. According to The OIX, Sotsky was selected after an extensive search in Los Angeles. Brett Markinson is Chairman of The OIX board of directors and Managing Director of Innovent Capital.

LAVA Meet the VC

SoCal Tech Calendar

Wednesday, October 16, 2019 --.

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Nobel Prize in Medicine Goes to 3 Who Showed How Cells Sense Oxygen Levels

Xconomy

Oxygen’s importance in cellular processes has long been known. But the work to understand how cells sense and adapt to changes in oxygen levels has led to medical insights and potential treatments for anemia, cancer, and more—and today, it has turned into the 2019 Nobel Prize in Medicine.

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M13 Leads $3 Million Seed Round for Doorstead

L.A. Business Journal

Santa Monica-based M13 led a $3.3 million seed round for property rental startup Doorstead

The OIX Names Laurece Sotsky As CEO

socalTECH

El Segundo-based The OIX , a fintech company that is developing tax credit and incentives management software, has named technology startup veteran Laurence Sotsky as its new CEO, according to the company. Sotsky was most recently head of venture-backed, mobile application development startup Hopscotch. According to The OIX, Sotsky was selected after an extensive search in Los Angeles. Brett Markinson is Chairman of The OIX board of directors and Managing Director of Innovent Capital.

Two Bit Circus Foundation Anti-Gala

SoCal Tech Calendar

Monday, October 14, 2019 --.

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Precision IBD Rebrands as Prometheus and Strikes R&D Deal With Takeda

Xconomy

This summer Nestlé Health Science sold Prometheus Laboratories , a gastrointestinal disease diagnostics unit it had acquired eight years prior, to a low-profile San Diego biotech called Precision IBD. About a month ago, Precision—a drug and diagnostic developer that’s focused, as its name suggests, on inflammatory bowel disease (IBD)—changed its name to Prometheus Biosciences and tapped a former Salix Pharmaceuticals executive as its new CEO.

Exploding Kittens Lands $30M More

socalTECH

Los Angeles-based Exploding Kittens , the developer of the popular card game of the same name, has raised another $30M in funding, the company said on Thursday. Exploding Kittens said the funding came from TCG Capital Management, which is an affiliate of The Chernin Group. The company said the financing will help finance continued growth. The company--founded by Elan Lee and Matthew Inman--initially had crowdfunded the card game, only later raising additional capital.

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