Sat.Nov 21, 2020 - Fri.Nov 27, 2020

Is it your brilliant plan or your execution?

Berkonomics

Mike Tyson: brilliant business savant. Everybody’s got a plan – until they are punched in the face,” famously stated boxer Mike Tyson.

Tech Companies Continue to Bulk Up in LA, Driving Job Growth

L.A. Business Journal

Tech jobs are growing at a rapid clip in Los Angeles, fueled by an increasing appetite from local companies as well as industry leaders that are expanding their presence here

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6 Tips For Combining Passion And Purpose To Stand Out

Startup Professionals Musings

Finding your sweet spot as an entrepreneur needs to start with a meaningful personal purpose that is also a business opportunity.

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LA-based Boulevard raises $27 million for its spa management software

TechCrunch

Boulevard , a spa management and payment platform, has raised $27 million in a new round of funding despite a business slowdown caused by the COVID0-19 pandemic.

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.

Snap Launches TikTok Rival, Spotlight

socalTECH

Venice-based Snapchat launched a new feature on Monday morning, called Spotlight/a> , which encourages its users to share their own, user-created videos.

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For SpaceX, Latest Launch Is a Big Leap

L.A. Business Journal

Space Exploration Technologies Corp. launched one of the highest-profile missions in the company’s nearly two-decade history on Nov. 15, sending four astronauts to the International Space Station

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More Trending

HMBradley raises $18.25 million planting a flag as LA’s entrant into the challenger bank business

TechCrunch

With $90 million in deposits and $18.25 million in new financing, HMBradley is making moves as the Los Angeles-based entrant into the challenger bank competition. LA is home to a growing community of financial services startups and HMBradley is quickly taking its place among the leaders with a novel twist on the banking business. Unlike most banking startups that woo customers with easy credit and savvy online user interfaces, HMBradley is pitching a better savings account.

Relativity Space Confirms $500M Funding

socalTECH

Los Angeles-based 3D printed rocket developer Relativity Space has closed $500M in Series D funding, the company disclosed Monday morning, saying it will use the new funding to accelerate commercialization, production scaling, and its long term development.

Vurbl Wants to Outdo Spotify. Can It Become the YouTube of Audio?

L.A. Business Journal

There’s no shortage of audio streaming apps, but Santa Monica-based startup Vurbl Media Inc. is betting that its newly launched player can compete with established platforms like Spotify

6 Business Practices That Will Verify You As A Leader

Startup Professionals Musings

In these difficult days of the pandemic, the visibility of leadership in business, as well as politics, seems to be at an all-time low.

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COVID-19 Safety Guide For Reopening Businesses in LA

AllTopStartups

With cases of Covid-19 reaching the 1 million mark milestone in California and showing no signs of slowing, businesses which have remained closed during the pandemic may be looking to… The post COVID-19 Safety Guide For Reopening Businesses in LA appeared first on AllTopStartups.

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Omniome Names CEO

socalTECH

San Diego-based Omniome , a startup developing DNA sequencing technology, announced this morning that it has named Robert Wicke as the company's CEO and member of the board. Wicke was most recently CEO of Halo Labs, and also has served at ForteBio, Pall Corporation, Molecular Devices and Axon Instruments. READ MORE>>. omniome executive robert wicke sequencing

Tech Companies Continue to Bulk Up in LA, Driving Job Growth

L.A. Business Journal

Tech jobs are growing at a rapid clip in Los Angeles, fueled by an increasing appetite from local companies as well as industry leaders that are expanding their presence here

5 Equity Crowdfunding Reflections Before You Sign Up

Startup Professionals Musings

With the advent and growth of crowdfunding over the past few years, many entrepreneurs have predicted the demise of those demanding angel investment groups and venture capital organizations.

4 Reasons Why Organizations Should Leverage Fiber Optic Cable Wavelength Services

Southern California Edison Blog

Fiber optic cable wavelengths allow organizations to streamline data transfers and increase bandwidth speed, helping them plan for future growth.

Zappos Founder Tony Hsieh Dead At 46

socalTECH

Tony Hsieh , the founder of Zappos--and a big angel investor in Southern California startups-- has died, at the age of 46 , according to Las Vegas media. Details on the death have not been released. Hsieh had made investments in such local Southern California companies as Combatant Gentleman, uBeam, Stir, Quarterly Co., Ecomom, JetSuite, and many others, and was well known among Southern California's high tech, venture capital, and angel community.

Snap Takes on TikTok With New Spotlight Video Feature

L.A. Business Journal

Snap Inc. rolled out a new feature for its Snapchat app that will showcase user-made videos and provide financial rewards for creators of viral content

6 Tips On Where And When To Look For Startup Funding

Startup Professionals Musings

One of the biggest myths I have found in the entrepreneur community is that every startup needs one or more outside investors for credibility and success, and perhaps is even entitled to at least one.

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TikTok Gets Another Extension for US Sale

L.A. Business Journal

The Treasury Department has reportedly pushed back TikTok’s sell-by date once again, giving the company until Dec. 4 to complete a deal

Sales 141

Bobacino Brings Automation to Trendy Bubble Tea

L.A. Business Journal

As the restaurant industry embraces new forms of high-tech automation, a local startup is applying robotic technology to the trendy bubble tea business

Aerospace Incubator Starburst Is Lifting Industry in LA

L.A. Business Journal

In the five years since French space and defense technology accelerator Starburst Aerospace announced plans to open its first American office in El Segundo, the aerospace industry has grown rapidly in Los Angeles County

For SpaceX, Latest Launch Is a Big Leap

L.A. Business Journal

Space Exploration Technologies Corp. launched one of the highest-profile missions in the company’s nearly two-decade history on Nov. 15, sending four astronauts to the International Space Station

SpaceX 130

Parallel Agile Rolls Out Object Oriented Coding App, CodeBot UX

socalTECH

Los Angeles-based Parallel Agile , a developer of software focused on the Agile coding market, says it has rolled out a new product, CodeBot UX. The company says the new software helps create user interface software, generating database schema, API documentation, server-side code, client-side code including domain classes, CRUD functions and usage examples all from object oriented modeling (UML). The company said the software is now available to early access users.

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Faraday Future Joins New Electric Vehicle Group

socalTECH

Los Angeles-based electric vehicle manufacturer Faraday Future has joined as the founding member of a new group that is looking to accelerate the transition to electric vehicles. According to Faraday Future, it has joined the Zero Emission Transportation Association (ZETA) , as a founding member, joining 29 other companies as part of the new group, which is pushing for 100 percent electric vehicle sales by 2030. Tesla, Uber, and EVgo are also co-founders of the new group.

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Clearlake's Zywave Buys Insurance Technologies Corporation

socalTECH

Santa Monica-based private equity investor Clearlake Capital Group said this morning that one of its portfolio firms, Zywave , has acquired Insurance Technologies Corporation (ITC). Insurance Technologies Corporation is a provider of marketing, rating, and agency management software for the insurance industry. ITC was previously owned by another, private equity investor, Accel-KKR. Financial details of the acquisition were not dislosed by the companies. ITC is based in Carrollton, Texas.

Credit Key Gets $33.85M

socalTECH

Los Angeles-based Credit Key , a startup which helps e-commerce merchants offer up instant point-of-sale financing to customers, has raised $33.85M in its Series A funding. The funding came from Greycroft, Bonfire Ventures, Loeb.nyc, and other investors. The startup--led by startup veteran John Tomich--integrates with e-commerce payment systems, appearing as a payment option at checkout.

Quid Connects With $320M For Private Liquidity Fund

socalTECH

Santa Monica-based Quid , which offers up a way for private company employees to gain liquidity even before their startups are purchased or have an initial public offering, said on Monday that it has raised $320M in a second fund. According to the company, the new fund will go to provide liquidity and option exercise loans for private company employes.

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Morse Micro Connects With $13M More

socalTECH

Irvine, California- and Sydney, Australia-based Morse Micro , which is developing Wi-Fi chips aimed for use in Internet of Things (IoT), has raised $13M more in a funding round, the company said very late Monday evening. The startup said the funding came from Blackbird Ventures, Main Sequence Ventures, Clean Energy Innovation Fund, Skip Capital, and Ray Stata. The $13M is part of an existing Series A funding, bringing the total raised by the company in that round to $30M.

HMBradley Earns $18.25M For Online Banking Service

socalTECH

Los Angeles-based fintech startup HMBradley , which offers up online, digital bank accounts which pay interest based not on a user's balance, but on what percentage of their direct deposits they are saving, has raised $18.25M in a Series A funding. The funding was led by Acrew Capital. The company offers up 3 percent APY for depositors who save at least 20% of their direct deposits to the bank, down to just 0.5% for those saving 5%. The startup is led by co-founder and CEO Zach Bruhnke.

WELL Health Gets $45M

socalTECH

Santa Barbara-based WELL Health , a startup which offers up patient communications tools to healthcare providers, payers, and others, has raised $45M more in a SEries C funding round, the company said this week.

Newegg Launches Black Friday Sales

socalTECH

Los Angeles-based electronic products retailer Newegg said on Monday that it is kicking off its Black Friday deals today, through midnight on Cyber Monday a further indication of how the holiday shopping season has blurred into a continuous stream of promotions that now start, in many cases, in October. Newegg says it will offer up savings on its "most sought-after" tech gifts for eigh days. Newegg already had been offering up special "Black Friday" deals since November 1st. READ MORE>>.

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MeUndies Snags $40M For Underwear Brand

socalTECH

Los Angeles-based online underwear, sleepwear, and loungewear brand MeUndies has scored a big, $40M funding round, the company announced on Monday, from private equity investor Provenance. According to MeUndies, the new funding will go to expand product design, production, and distribution, as well as building its online customer community and expansion.

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Boulevard Finds $27M More For Salon Software

socalTECH

Los Angeles-based Boulevard , which develops software to help salons manage their business operations, has raised $27M more in a Series B funding, the company announced on Monday. The funding was co-led by Index Ventures and Toba Capital, and also include VMG Partners, Bonfire Ventures, Ludlow Ventures, and BoxGroup. According to Boulevard, it will use the funding to expand its team and platform. Boulevard is five years old, and was founded by Matt Danna and Sean Stavropoulos. READ MORE>>.

TP-Link Rolls Out New Routers At Costco

socalTECH

Brea-based networking products maker TP-Link said today that it has rolled out two new Wi-fi routing products at Costco. According to TP-Link, its new Deco X5700 Tri-Band Mesh Wi-Fi 6 System and the Archer AX3200 Wi-Fi 6 Tri-Band MU-MIMO Router are exclusive to Costco, and offer up high speed Wi-Fi 6 support; The Deco X5700 provides "mesh" support to help eliminate WiFi dead spots in a home, for coverage of up to 6000 square feet.

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Snap Buys Voisey

socalTECH

Venice, California-based Snap , the parent company of Snapchat has reported acquired Voisey , the developer of an app which lets users overlay their voice on top of existing music tracks. Financial terms of the acquisition were not announced, and so far, Snap and Voisey have not made any comments on the acquisition, which were uncovered in business filings by Business Insider. Voisey is based in the United Kingdom. READ MORE>>. snap snapchat voisey music entertainment smartphone social

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Maravai Lifesciences Sees Successful IPO

socalTECH

San Diego-based Maravai Lifesciences , a provider of life sciences reagents and services to the biotech industry, saw a successful IPO last week, raising $1.62 billion in its IPO on the NASDAQ Global Market. The company--which now trades as MRVI--was backed by private equity investor GTCR. The company's stock rose more than 18% in its IPO debut on Friday, even after a debut of $27.00 per share, at the top end of its already increased IPO estimated range of $24.00 to $27.00.