Sat.Oct 23, 2021 - Fri.Oct 29, 2021

How LA’s EV Hub Is Charging Ahead With Manufacturing, Innovation

L.A. Business Journal

Few industries are primed for quicker growth over the next decade than the electric vehicle sector

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How big is your ocean? A lesson in TAM, SAM & SOM

Berkonomics

Is this a problem or an opportunity? This insight is like a Hans Christian Anderson parable, but aimed at you and your business… There are big fish and small fish, potential customers, all swimming in the sea that is your potential marketplace.

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eyko Raises $2.5M For Data Software

socalTECH

Santa Barbara-based Eyko, a new startup focused on "data preparation, blending, and streaming", says it has raised $2.5M in a Seed funding round, the company announced this morning. The company said the funding came from InReach Ventures and Taggia Investments, the personal investment vehicle of former Balderton Capital founder Barry Maloney. The startup is led by co-founder and CEO Paul Yarwood.

5 Rules Of Relevancy That Set Your New Venture Apart

Startup Professionals Musings

Some investors seem to focus wholly on the strengths of the management team, or a sustainable competitive advantage, and in reality these are the core attributes for every funding equation.

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.

GoGuardian Leads Edtech Growth, Industry to Reach $80B by 2028

L.A. Business Journal

In grade school, Advait Shinde never felt he was truly learning

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Inside the Realms of Ruin

TechCrunch LA

“The Ruin stirs, and the Five Realms rumble,” a now-archived web announcement read on Thursday morning.

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8 Portfolio Assets Are Key To Your Startup Valuation

Startup Professionals Musings

A large portion of your competitive advantage and your potential value to investors is the size of your intellectual property portfolio. When someone says Intellectual Property (IP), most entrepreneurs think only of patents.

Endpoint Raises $150 Million for Escrow Tech

L.A. Business Journal

El Segundo-based Endpoint Closing Inc., a digital title and settlement services company, scored $150 million in funding from First American Financial Corp., its parent company

AdMedia Explains How Contextual Targeting Advertising Can Enhance Your Company’s Prospects Online

AllTopStartups

Contextual Targeting Advertising such as that offered by the Los Angeles, CA company AdMedia is coming to the forefront of the online advertising world.

Activision Blizzard's Kotick: Zero Tolerance, $250M For Diversity

socalTECH

Santa Monica-based Activision Blizzard is on the defensive after facing a number of lawsuits and investigations of the company for discrimination and sexual harassment, saying in a letter to employees released by the company to the public that it will have zero tolerance for harassment reported to the firm.

8 Strides For Balanced Business Thinking And Delivery

Startup Professionals Musings

Based on my own experience in business, the best results come from a balance of vision and creativity, combined with a clear focus on logical problem solving and results. This balance is rare and often called “ whole-brain ” thinking, versus the traditional right-brain or left-brain orientation.

VideoAmp Reaches $1.4 Billion Valuation

L.A. Business Journal

VideoAmp Inc. announced that it closed a $275 million Series F funding round

Grand Theft Auto: San Andreas is in development for Oculus Quest 2

TechCrunch VR

During its big VR and AR-focused event Thursday, Facebook founder and CEO Mark Zuckerberg announced a major new title headed to its VR platform that should turn a few heads. Grand Theft Auto: San Andreas is on the way to the Oculus Quest 2.

ClickUp Collects $400M

socalTECH

San Diego-based productivity software developer ClickUp said this morning that it has raised a huge, $400M Series C funding round, which gives it a valuation of $4 billion. The Series C funding was co-led by co-led by Andreessen Horowitz and Tiger Global, with participation from Lightspeed Venture Partners and Meritech Capital Partners. ClickUp is led by Founder and CEO Zeb Evans.

The Demographics Of New Venture Founders Are Changing

Startup Professionals Musings

Contrary to what you might guess, the highest rate of small business and entrepreneurial growth over the last few years is not Gen-Y upstarts, but Boomers over the age of 50, now called encore entrepreneurs.

Activision Blizzard Pledges $250 Million, Sets Diversity Hiring Goals

L.A. Business Journal

CEO Bobby Kotick will take a significant pay cut until the company’s “gender-related goals” are achieved

OneRoof raises $1.25M to build a hyper-localized Nextdoor

TechCrunch

As urban rental markets recover and people flock back to cities, people are once again finding themselves with plenty of new neighbors in communities which are trying to embrace a renewed vibrancy of post-lockdown life. OneRoof is building a social network for residential buildings.

ZmBIZI Launches Smartphone, Telecom Service Aimed At Small Businesses

socalTECH

A new, Santa Monica-based startup, ZmBIZI is launching a new, smartphone aimed at small businesses, creators, and entrepreneurs. According to the company, it is launching a smartphone with a built-in point of sale (POS) terminal, aimed at helping small business owners, and tied into a merchant account. The startup says its phone service allows its users to accept payments by physically tapping their contactless enabled cards or Apple Pay and Google pay wallets on the back of its smartphone.

7 Workplace Culture Dynamics That You Need to Support

Startup Professionals Musings

Even before the recent pandemic, when more people began working remotely , I noticed the dynamics changing in many workplaces, both between employee interaction with peers, and interactions with customers.

Ontario International Airport Gets $15M Federal Grant for Taxiway Improvements

L.A. Business Journal

More airfield improvements are on the way at Ontario International Airport, thanks to a $15.2 million infrastructure grant from the Federal Aviation Administration

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Creadev seasons Salted with new funding for its QSR brands

TechCrunch

Salted , a Los Angeles-based startup creating digitally native quick-service restaurant brands, brought in a new round of $16 million in Series A funding to continue its nationwide expansion.

Newegg Links With NASCAR's Ryan Vargas

socalTECH

Los Angeles-based e-commerce retailer Newegg Commerce said this morning that it has teamed up with NASCAR driver Ryan Vargas to promote its new automotive storefront, Newegg Auto. According to Newegg, it is partnering with Vargas at the Dead On Tools 250 at Martinsville Speedway in Marinsville, VA. Financial details of the sponsorship deal were not announced. Newegg said its branding will be featured prominently on the Ryan Vargas No. 6 Swann Security Chevrolet Camaro.

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Why Company Culture Should be Your #1 Priority

Frank Addante

(disclaimer: in restarting FounderBlog.com – I promised to err on the side of sharing more and more often vs. perfect posts – so I do not proofread my posts for typos! ).

Tetra Tech Nabs Trio of Federal Contracts Worth $67M

L.A. Business Journal

Pasadena-based consulting and engineering services firm Tetra Tech Inc. announced it has received three new contracts from the Agency for International Development and a task order under an existing contract with the Labor Department

Up.Partners Launches $230 Million Fund

L.A. Business Journal

Santa Monica-based early stage venture fund UP.Partners launched its inaugural $230 million fund focused on mobility technology, the company announced on Oct.

Armata Pharmaceuticals Gets $7.0M Investment

socalTECH

Marina Del Rey-based Armata Pharamceuticals, a biotechnology company developing therapeutics for antibiotic-resistant and difficult-to-treat bacterial infections, said it has received $3.0M in an equity investment from the Cystic Fibrosis Foundation (CF Foundation). According to Armata Pharmaceuticals, it was also receive $4.0 million from Innoviva Strategic Opportunities LLC, a wholly-owned subsidiary of Innoviva.

C3 Links With Robot Delivery Service Coco

socalTECH

Los Angeles-based C3 (Creating Culinary Communities), the "ghost kitchen" company founded by Sam Nazarian, said it is partnering with robot delivery service Coco. According to C3, it is now delivering food from its virtual restaurant brands within two miles of its kitchens on Broadway and Main Street in Santa Monica, The Grove in West Hollywood, and in Los Feliz. Financial details of the deal between the companies were not announced.

Sonendo Prices IPO, Starts Trading Today

socalTECH

Laguna Hills-based dental technology developer Sonendo priced its IPO late last night, saying that it will sell 7,800,000 shares of its common stock at $12.00 per share, which will provide the company total gross proceeds of $93.6M. The company is expected to start trading today on the New York Stock Exchange as SONX. The IPO was underwritten by BofA Securities, Goldman Sachs & Co. LLC and Piper Sandler & Co., along with Stifel, Nicolaus & Company, Incorporated.

Salted Scores $16M For Virtual Restaurant Brands

socalTECH

Los Angeles-based Salted, which creates what it calls "digitally native" quick serve restaurant brands, says it has raised $16M in a Series A funding. The company says the funding came from Creadev, along with Proof Ventures and B. Riley Financial. The company has now raised $20M in total. The company said it runs six brands, including moonbowls, Califlower Pizza and lulubowls, which are delivered via food delivery.

Borrego Selected For Utility Scale Solar In Montana, South Dakota

socalTECH

San Diego-based renewable energy developer Borrego Solar Systems reported this morning that it has been selected for two, utility-scale solar power projects in Montana and South Dakota. According to the company, it was selected by Greenbacker Renewable Energy Company LLC (GREC) for two projects, the first for the company in the two states.

Skyryse Finds $200M For Pilot Automation Software

socalTECH

Los Angeles-based Skyryse, a startup which is developing software to automate piloting of aircraft, has raised $200M in a Series B funding round, according to the company.

Wavemaker Launches Climate, Sustainability Fund

socalTECH

Wavemaker Partners, the investment firm which has oeprations both in Los Angeles as well as Singapore, has launched a new climate and sustainability fund, Wavemaker Impact. According to the new fund, it is currently raising $25M for its new fund, which will focus on startups which are looking at climate technology and sustainability. The new fund is based in Singapore, and is led by Quentin Vaquette, Doug Parker, Marie Cheong, Paul Santos, and Steve Melhuish.

Daring Foods Snags $65M More

socalTECH

Los Angeles-based Daring Foods disclosed on Tuesday that it has raised $65M in a funding round, which came from Founders Fund, D1 Capital, and also included a number of celebrities, including DJ Steve Aoki, the NFL's Cameron Newton, tennis star Naomi Osaka, plus Tiger Global's Chase Coleman. Daring Foods makes a meat alternative, a soy-based chicken product which it calls "Vegan Chicken". The company says it has now raised more than $120M. daring foods venture capital chicken consumer

Panda Express Expands Deal With Beyond Meat

socalTECH

Rosemead, California-based Asian food chain Panda Express said this morning that it is expanding an effort it has with El Segundo-based Beyond Meat. According to Panda Express, it will expand its new Beyond The Original Orange Chicken across 70 locations nationwide, after a pilot in New York City and Southern California. The dish uses Beyond's meat alternatives, instead of chicken. Panda Express said the expanded availability of the disk will be for a "limited time".

LA Mixers Co-Founder Michael Pilla Dies

socalTECH

One of the founders of the Los Angeles technology networking group, LA Mixers, and co-founder of the New Media Vault monthly networking event, Michael Pilla, has died, according to the Los Angeles Times. Pilla was 58. A cause of death was not given. Pilla was extremely active in the Los Angeles technology world, and was most recently Senior Counsel to TikTok (ByteDance). Pilla's clients had included such companies as TrueCar, CitySearch (IAC), and other local technology startups.

Cameo Buys Represent

socalTECH

Los Angeles-based Cameo, which lets people pay for personalized celebrity videos and endorsements, has acquired another, Los Angeles company, Represent. Financial details of the buy were not announced. Represent operates e-commerce sites for celebrity clients, and counts such clients as Arnold Schwarzenegger, Leonardo DiCaprio, Ed Sheeran, Jennifer Lopez, and Kendall Jenner, among many others. Represent was founded in 2014.