Sat.Sep 03, 2022 - Fri.Sep 09, 2022

Kim Kardashian becomes a private equity dealmaker in collab with ex-Carlyle partner

TechCrunch LA

America’s favorite reality star is leveling up her repertoire and levering up businesses. Kim Kardashian, who passed the “baby bar” exam in preparation to become a lawyer last year, just added another job title to her lineup — private equity investor.

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Finding a strategic partner, investor or buyer

Berkonomics

Get organized. Finding your strategic partner, investor or business buyer is not something you do haphazardly. There are many steps to take, each closer to assuring a success. Research is paramount, and sources are everywhere, especially for public companies and large investment firms.

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8 Tactics For Leading Your Business Through Adversity

Startup Professionals Musings

As a business owner in this age of rapid technological change, with the surge of worldwide competitors, setbacks and adversity are virtually guaranteed.

Google Boosts Two LA Venture Capital Firms

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Google said today that it has backed two, Los Angeles area venture capital firms, as part of a bigger effort to invest in Black-led venture capital firms. According to Google, it has made investments in seven, Black-led venture capital firms, including two Los Angeles venture investors--Collide Capital and Share Ventures.

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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.

10 Ways To Move From “Thinking Different” To Success

Startup Professionals Musings

Every culture and community puts pressure on its members to follow the norms. Even young people who start out wanting to be different are called “freaks,” and most are slowly bent back into the norm by the time they “grow up.”

7 Strategies To Prepare For Tough Business Challenges

Startup Professionals Musings

Providing business leadership is a challenge under the best of circumstances, but it is especially difficult in times of market and customer crises.

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10 New Venture Myths To Avoid Despite The Temptations

Startup Professionals Musings

Starting a new business is a serious undertaking. Yet many aspiring entrepreneurs I know approach it as a fun project, get-rich quick scheme, or perhaps an expensive hobby.

UBIX Labs Signs UK Partner

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Orange County-based UBIX Labs, a developer of analytics software, said this week that it has partnered with Sapphire, a UK- and US-based provider of digital operations transformation software and services. Financial details of the partnership were not announced. The companies said the partnership will make UBIX products to Sapphire's customers, who include SAP, ServiceNow, HxGN EAM, Infor SunSystems, and Automation Anywhere. ubix partnership analytics software international partner

Cue Health Names Chief Medical Officer

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San Diego-based Cue Health, a developer of healthcare software and technology, said on Thursday that it has named David Tsay, MD, as the company's Chief Medical Officer. Tsay was most recently at Apple, leading the Apple Health clinical team, according to Cue Health.

SoCalGas, UCI In Hydrogen Gas Project

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Southern California Gas (SoCalGas) and the University of California, Irvine (UCI), said this morning that the two are in a "proposed collaboration" around clean, renewable hydrogen can be blended into the campus natural gas system.

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Brian Lee, Derek Jeter Launch New Venture, Arena Club, Backed By $9M

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Longtime, Los Angeles area serial entrepreneur Brian Lee--the co-founder of such companies as LegalZoom, ShoeDazzle, and The Honest Company--along with sports figure Derek Jeter--have founded a new, Los Angeles-based startup called Arena Club. The new venture has raised $9M in funding, and is backed by Lightspeed Venture Partners, Defy.vc, and BAM Ventures.

Mercedes-Benz, Rivian Team On Electric Van Production

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Mercedes-Benz and Rivian are in a Memorandum of Understanding (MOU) to work together on production of Rivian's vans, Mercedes-Benz said this morning. According to Mercedes-Benz, the planned joint venture will produce bespoke large electric vans for Mercedes‑Benz and for Rivian. According to Mercedes-Benz, the companies will look to leverage shared investments, shared costs and will pursue "operational synergies" to rapidly scale electric van production.

Smooth Podcasting Acquires Outcomes Rocket

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San Diego-based Outcomes Rocket, a podcasting company which focuses on healthcare content, said earlier this week that it has been acquired by Smooth Podcasting. Financial details of the acquisition were not announced. According to the companies, the move will expand Smooth Podcasting's healthcare podcast network and audience reach. smooth podcasting outcomes rocket healthcare content

Trailblazer Venture Studio, Backed By LA Dodgers, Launches Accelerator

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The Trailblazer Venture Studio, a new startup studio/accelerator backed by the Los Angeles Dodgers, R/GA Ventures, Billie Jean King Enterprises, and Elysian Park Ventures, says it has launched a new "venture studio" focused on women and sports.

Mindbody Partners With Fitness Center Management Firm

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San Luis Obispo-based wellness industry software developer Mindbody says it has partnered with a fitness center management firm, Corporate Sports Unlimited. According to Mindbody, Corporate Sports Unlimited will use its technology to manage its customers' fitness and wellness facilities. Financial impact of the win was not announced. mindbody fitness center management corporate sports unlimited

Kim Kardashian Launches LA's Newest Celebrity Driven Investment Firm

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In the long tradition of Los Angeles area celebrities launching themselves into venture capital and private equity, Kim Kardashian has launched a new, private equity firm, alongside a private equity investor, Jay Sammons. According to the new private equity firm, SKKY Partners, it will invest in "large scale consumer and media businesses", leveraging "Kardashian's global reach and unrivaled social influence".

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Sensate Finds $1M In Crowdfunding

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Los Angeles-based Sensate, a startup which says it is building a "relaxation device", says it has raised more than $1M via a crowdfunding effort on Wedfunder. The company says it has developed "infrasonic therapy to help the body's nervous system recover from daily stresses". The company's CEO is Anna Gudmundson, and the company says it also has raised traditional venture capital from TenOneTen, Unlock Venture Partners, and Expert Dojo.

Yardi Boosts Nature Conservancy

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Santa Barbara-based software developer Yardi says it is making a "significant" donation to the Nature Conservancy of Canada (NCC), to go towards protecting and caring for biodiversity in Ontario. The amount of the donation was not announced. The donation goes towards the Nature Conservancy's Boreal Wildlands project in northern Ontario, which is preserving more than 1,450 square kilometers of land in Ontario. Yardi is a developer of investment and property management software.

Optimis Services, Kareo In Integration Deal

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Two, Los Angeles-based cloud software companies in the healthcare space, Optimis Services and Kareo, said this morning that they are in an integration deal. According to the two, they are in a software integration and channel partnership intended for private practice rehab clinics. Financial details of the partnership deal were not announced.

Dave Names CTO

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Los Angeles-based banking app developer Dave announced this morning that it ahs appointed Chien-Liang Chou as the company's Chief Technology Officer. Chou was previously the company's Executive Vice President of Engineering. Prior to Dave, Chou was Vice President of Engineering with Flexport, and he also served at VP, Technology at LendingClub, in addition to serving at such companies as Stockpile, LOYAL3, Salesforce.com, and FirstRain. dave executive banking fintech financial

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TikTok Denies Security Breach

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Social app developer TikTok is denying that it has seen a security breach, after hackers claimed that they have compromised the company's source code and the account details of "billions" of people. The company--which has operations in Los Angeles--said in a statement that it found "no evidence of a security breach". tiktok security cybersecurity social media cyber

Techstars Relaunching Healthcare Accelerator In LA

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Startup accelerator operator Techstars said that it is re-launching its healthcare program in Los Angeles. According to Techstars, it is working with Cedars-Sinai, Point32Health, UCI Health, and UnitedHealthcare to relaunch its accelerator, Techstars Healthcare. Techstars said the program will be based in Los Angeles, and will select 12, high-growth startups to participate in a 13-week program. The re-launched accelerator will be led by Techstars' veteran Matt Kozlov.

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Bitwarden Takes $100M For Password Management Software

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Santa Barbara-based Bitwarden, which develops open source password management software, says it has raised $100M in a minority growth investment. The funding came from private equity investor PSG, along with existing investor Battery Ventures. The company said it will use the funding for accelerated product expansion. The company offers up its software both to individuals and enterprises, in both paid and free versions. Bitwarden's CEO is Michael Crandell.