socalTECH
FEBRUARY 3, 2022
Goleta-based property management and real estate software developer Yardi said this week that it has been selected by investor services provider IQ-EQ as its international real estate fund management platform. Financial terms of the win were not announced. Yardi said it will be used across IQ-EQ's global operations.
Berkonomics
FEBRUARY 3, 2022
First, the implied promise: Taking money from professional investors such as angels or VCs usually requires that you agree to seek an exit for those investors in your plan, often targeting five to seven years as the ideal period for growth before a liquidity event. Of course, even though that is your contract with the investors, way over half of those implied contracts never work out that way.
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L.A. Business Journal
JANUARY 31, 2022
New digital technologies and advancements in business software have in recent years helped to expand the range of commonly offered employee benefits, making it easier for employers to include things like telehealth services and pet insurance in a company’s benefits package.
Startup Professionals Musings
JANUARY 30, 2022
Everyone in the business world has heard of the classic bestseller by Geoffrey A. Moore titled “ Crossing the Chasm ,” but most entrepreneurs have no idea how it relates to them. In fact, it’s all about the “focus” required to get early stage technology products across the deadly chasm from early adopters to mainstream customers. Most investors and startup professionals expand this concept of focus to apply to key issues of every aspect of strategic and tactical planning in a startup.
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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.
socalTECH
FEBRUARY 4, 2022
Los Angeles-based Triller, the social video sharing service, and online job recruiting site Job.com said on Friday that the two have partnered to allow Triller users to discover and apply for open positions with a video resume, rather than the traditional resume. According to the companies, they will use video transcription and AI matching to match Triller users to relevant jobs based on interests, skills, and desired roles.
SoCal Tech Calendar
FEBRUARY 1, 2022
Thursday, February 3, 2022 --.
Southern California Tech Central brings together the best content for technical professionals in Southern California from the widest variety of industry thought leaders.
Startup Professionals Musings
FEBRUARY 4, 2022
What sparks paradigm-shifting and disruptive innovation in any business? It’s a special mix of entrepreneur and company, regular in every respect except for having the courage and foresight to make an idea happen that was supposed to be impossible. As an entrepreneur in a startup, how do you know if you have this potential, and what are the steps to get from an innovation to a revolution?
socalTECH
FEBRUARY 1, 2022
Pasadena-based robot developer Miso Robotics, which develops kitchen assistance robots, says it is looking to raise another $40M more via crowdfunding, after just completing $50M in an equity crowdfunding push. The company said it is undergoing a "SEC review process" ahead of the new crowdfunding effort. Miso said it plans to use the new funding to grow its workforce and to "satisfy the product demand" it is seeing in the marketplace.
socalTECH
FEBRUARY 4, 2022
Colton, California-based ECOTEC, a manufacturer of methane emissions equipment, has received a strategic investment from Intrepid Investment Management LLC. Size of the investment was not announced. ECOTEC says that it helps companies manage and remediate their environmental footprint by accurately identifying and quantifying their greenhouse gas emissions.
socalTECH
FEBRUARY 4, 2022
San Diego-based Platform Science, which develops connected vehicle products, has raised $115M in a Series C funding. According to the company, the funding was led by SoftBank Vision Fund 2 and also included Chimera, plus existing investors 8VC, Daimler, Prologis, NextPlay, and Four More Capital. Platform Science is led by co-founder and Ceo Jack Kennedy; the company is developing a product which is aimed at commercial vehicle fleets, which ties together telematics, real-time vehicle data, third
socalTECH
FEBRUARY 3, 2022
San Diego-based biopharmaceuticals company Halozyme Therapeutics said on Wednesday afternoon that it has named Nicole LaBrosse as its new Senior Vice President and Chief Financial Office. LaBrosse has been at Halozyme since 2015, and was most recently Vice President, Finance and Accounting. She replaces Elaine Sun, who the company said is stepping down to "pursue another opportunity.".
socalTECH
FEBRUARY 3, 2022
Irvine-based semiconductor developer Skyworks Solutions said late Wednesday that it has named Suzanne McBride to its board of directors. McBride is the current Chief Operations Officer for satellite communications provider Iridium Communications. She also has served at Motorola, General Dynamics, and OneWeb. Skyworks says McBride has 25 years of experience in the wireless technologies area.
socalTECH
FEBRUARY 3, 2022
Los Angeles-based micromobility provider Bird said on Wednesday that it is expanding access to its scooters in a private-public partnership with Nashville's local transportation agency. According to Bird Global and WeGo Public Transit, Nashville's public transit agency, the two will enable access to Bird's e-scooters in locations such as Nolensville Pike, Gallatin Pike and Murfreesboro Pike, which will allow individuals to use Bird scooters rather than cars to reach their final destination.
socalTECH
FEBRUARY 2, 2022
Los Angeles-based private equity investor Levine Leichtman announced this morning that one of its portfolio companies, BigHand Ltd, has acquired legal software developer Iridium Technology from private equity investor Polaris Growth Fund. Financial details of the deal were not announced. Iridum Technology was founded in 2009, and develops legal business intelligence and analytics software for law firms.
socalTECH
FEBRUARY 2, 2022
Los Angeles-based Plug In South LA, a startup accelerator operator, says it is launching a third, tech accelerator program for the Black and Latinx communities. According to the accelerator, based in South LA, says it is looking for start-up founders focused on healthcare technology, climate and sustainability, digital media, and edtech. The program, led by founder Derek Smith, said the accelerator benefits include potential grants of up to $40K, possible seed investments, and pilot partnerships
socalTECH
FEBRUARY 1, 2022
San Diego-based permission-based advertising technology developer Permission.io announced this morning that it has named Lauren Griewski as the company's Chief Revenue Officer. The company said Griewski was most recently founder and CEO of Soul Expressed, LLC, and also previously led the development of Facebook's B2B advertising business, in addition to serving at Roblox, VEVO, and Viacom.
socalTECH
FEBRUARY 1, 2022
Los Angeles- and Seattle-based Unlock Venture Partners, a seed-stage venture capital investor, says it has raised $60M in a second fund, the company said on Monday. The company is primarily focused on Seattle, but says it is now looking at investing in Los Angeles. The fund previously had raised $25M in its first fund in 2018. The company's existing investments include such startups as U-Nest, Bamboo, Continuum Space Systems, Gen.G, and others.
socalTECH
JANUARY 31, 2022
Irvine-based asset tracking technology provider CalAmp said late last week that it has named Mark Gaydos as its Chief Marketing Officer (CMO). Gaydos was previously CMO at Nlyte Software, and also was Senior Vice President of Marketing at Engine Yard, in addition to serving at Oracle and SAP America. The company said Gaydos will lead worldwide marketing strategy, go-to-market execution, branding and demand creation.
socalTECH
JANUARY 31, 2022
Santa Monica-based Arrive, a developer of a technology and reverse logistics services, says it has added resales to its enterprise rental platform. The company's product is focused on what the company says is roughly 25% of e-commerce orders are returned which cannot be resold full--price. Arrive says it refurbishes, cleans, and grades those returns to be re-sold directly on branded, re-sale e-commerce sites.
socalTECH
JANUARY 31, 2022
Los Angeles-based Silent Arrow, a developer of autonomous systems for guiding cargo dropped off C-130 aircraft, said today that it has had its first overseas deployment of its systems, delivering 1,026 lbs. of cargo using two of its drone-based systems for the air force of a U.S. allied government in the Middle East. The company said that its delivery--part of a $1.5M operational evaluation contract--was deployed at an undisclosed desert test range, with a cargo load of 1,026 lbs inside the fuse
socalTECH
JANUARY 31, 2022
In an investment a bit farther afield than usual, Los Angeles-based Greycroft Ventures is one of the lead investors in a Nigerian startup, Bamboo, as part of a $15M funding round. According to reports, the Series A was led by Greycroft and Tiger Global, and also included Ventures, Saison Capital, Chrysalis Capital and Y-Combinator CEO Michael Seibel.
Startup Professionals Musings
FEBRUARY 2, 2022
In my many years of consulting with business leaders and entrepreneurs, I have found that all of them realize the value of communication , in spreading the outbound message of mission and goals to their team and constituents. Yet, in their urgency to get things done, many forget to focus on really listening to input as an equally important part of their leadership role and image.
Startup Professionals Musings
JANUARY 29, 2022
I know entrepreneurs who have suffered from premature execution often associated with the ready-fire-aim quick-to-market approach. Yet I believe that many more have benefited from this approach, especially in early startup stages. If your product is highly innovative, and speed to market is critical, you won’t get it right the first time anyway, no matter how cautiously you plan.
socalTECH
FEBRUARY 4, 2022
San Diego-based autonomous freight shipping technology developer TuSimple says it has inked a deal with Union Paciic Railroad, where the company will move freight on a fully-automated trucking route between the Tucson and Phoenix, Arizona. Financial details of the deal were not announced, but TuSimple said it will carry freight for Union Pacific via its wholly owned subsidiary, Loup Logistics.
socalTECH
FEBRUARY 3, 2022
ICEYE, the remote sensing satellite startup which has major operations in Irvine, has raised $136M in a Series D funding round, the company announced this morning. The company said it has now raised $304M in total. ICEYE is deploying a constellation of synthetic aperture radar (SAR) satellites, which can see through clouds, and are particularly good and detecting things like ships, planes, and buildings.
socalTECH
FEBRUARY 2, 2022
Aliso Viejo-based cybersecurity and IT operations management developer Quest Software is now owned by Santa Monica-based private equity investor Clearlake Capital, Clearlake Capital said today. Financial details of the transaction were not announced. Clearlake Capital acquired Quest Software from another, private equity investor, Francisco Partners.
socalTECH
FEBRUARY 2, 2022
Los Angeles-based space launch and satellite service provider SpaceX is rolling out a new, premium version of its Starlink satellite Internet service, called Starlink Premium. The new service will cost $500 per month, rather than the $99 per month that SpaceX charges for its normal Internet service. Equipment for the service will cost $2500. SpaceX offers up satellite-based Internet service, which uses thousands of low earth orbit (LEO) satellites to provide Internet service across the globe.
socalTECH
FEBRUARY 2, 2022
Irvine-based Kajabi, which develops online tools that helps entrepreneurs and creators with marketing and selling their products and services, says it has tapped Sean Kim, the former Head of Product at TikTok as its new President and Chief Product Officer. Kajabi said that Kim set the strategic direction and led teams responsible for developing and growing TikTok's product, and also had served at Global Head of Proudct at Amazon Prime.
socalTECH
FEBRUARY 1, 2022
Westlake Village-based gravity energy storage technology developer Energy Vault announced this morning that it is in a $100M transaction with two companies, Atlas Renewable and China Tianying, which involves a $50M investment subscription and an expansion of a PIPE agreement from $150M to $200M. Energy Vault--which is developing technology to store energy via massive bricks made from coal combustion residuals, mine tailings, waste fiberglass and concrete debris--said the deal is tied into its ef
socalTECH
FEBRUARY 1, 2022
Santa Monica-based Activision Blizzard is fighting unionization efforts, attempting to convince its employees to vote against an effort to unionize by its Q&A testers, according to Slack messages leaked from the company. Workers at Activision's Raven Software recently launched a plan to unionize.
socalTECH
JANUARY 31, 2022
Los Angeles-based gay dating app Grindr has been booted from China's app stores, according to a report from Bloomberg. Bloomberg said the move comes as Beijing said it is renewing its efforts to police online content. Grindr is owned by a Chinese investment group, Beijing Kunlun Tech.
Startup Professionals Musings
JANUARY 31, 2022
As a mentor for aspiring and early-stage entrepreneurs, I talk to a fair number who may have a great vision and a strong engineering background, but have a negative interest in the role of public speaking in business. In fact, they often claim to be part of the survey group that fears public speaking more than death, but I’m not sure how anyone could validate that survey.
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