L.A. Business Journal
JANUARY 20, 2021
Space Exploration Technologies Corp. deployed another 60 satellites into space on Jan. 20 in support of the company’s ambitious Starlink global broadband project.
Berkonomics
JANUARY 21, 2021
Ask the important question first. When making a presentation to a new audience, the smart thing to do, if there is an opportunity, is to ask your audience by show of hands, if they have some knowledge of your industry or space. And if you are making a one-to-one presentation, don’t start without a conversation about the other person’s knowledge of your space.
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Startup Professionals Musings
JANUARY 22, 2021
How do you convince investors that your business model will really work, before you have a revenue stream that exceeds your expenses? Even if you are bootstrapping your business, and you are the only investor, you should be asking yourself the same question. Too many founders have learned that passion and free beta products do not imply a sustainable business.
socalTECH
JANUARY 19, 2021
Los Angeles-based GOAT, best known for its online marketplace for sneakers, but which now also has expanded into apparel and accessories, has received a strategic investment from Groupe Artemis. Groupe Artemis is owner of the Kering luxury fashion brand. Size of the investment was not announced. GOAT said the strategic investment follows its Series E funding announcned in September of 2020, which was worth $100M, valuing GOAT at $1.75 billion.
Advertiser: Aggregage
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.
L.A. Business Journal
JANUARY 18, 2021
With the inauguration of President-elect Joe Biden days away, local companies are preparing for an array of proposed policy changes.
L.A. Business Journal
JANUARY 18, 2021
The halls of the Las Vegas Convention Center were empty last week as the annual Consumer Electronics Show carried on in a virtual format.
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
JANUARY 18, 2021
Angel investors and venture capitalists are looking for startups with real products and a proven business model, ready to scale. Yet I still get too many business plans that clearly are looking for money to do research and development (R&D) on a new and unproven technology. If you need funding for these early stage activities, I have some suggestions on better strategies to follow.
L.A. Business Journal
JANUARY 18, 2021
Brace Software Inc., the Santa Monica-based developer of a digital mortgage servicing platform, announced Jan. 12 that it had raised $15.7 million in a Series B funding round.
Startup Professionals Musings
JANUARY 20, 2021
Based on my experience as a business advisor, I’m convinced that most startup investors invest in the entrepreneur, as much as a solution or product. In that context, I’ve long realized that some players seem to command real attention, even if their proposal sounds far-fetched or very risky. The attribute most often mentioned in this regard is supreme self-confidence or chutzpah.
L.A. Business Journal
JANUARY 21, 2021
Culver City-based company Open Drives Inc. has raised $20 million in a Series B funding round led by IAG Capital Partners.
L.A. Business Journal
JANUARY 18, 2021
With the inauguration of President-elect Joe Biden days away, local companies are preparing for an array of proposed policy changes.
socalTECH
JANUARY 22, 2021
La Jolla-based Avidity Biosciences, a biopharmaceuticals company which is developing oligonucleotide-based therapies, said this week that it as named W. Michael Flanagan, Ph.D., as its Chief Technical Officer. Dr. Flanagan was most recently Senior Director and Project Team Leader, Oncology and Immunology for Genentech, and also previously served at Sunesis Pharmaceuticals, Gilead Sciences, and Merck & Co.
socalTECH
JANUARY 22, 2021
Irvine-based smart television maker VIZIO is launching a set of free sports programming on its devices, saying this week that it has added NFL Channel, Pac-12 Insider, and beIN SPORTS XTRA, as well as the CBS Sports App to its VIZIO apps and free channels. The company said all of the three channels and the app are free to its SmartCast viewers. Terms of the content deal were not announced.
socalTECH
JANUARY 22, 2021
Elon Musk, the CEO and founder of Hawthorne, California-based companies SpaceX and The Boring Company said on Thursday that he is donating $100M to a new prize for the best carbon capture technology. Musk said more details would be announced next week. Musk has spoken in the past about the existential threat posed by climate change, and also runs Tesla--which makes electric cars, solar panels, and battery energy storage systems.
socalTECH
JANUARY 22, 2021
Los Angeles-based electric vehicle charging network operator EVgo said early on Friday morning that it will be going public, via an acquisition by a special-purpose acquisition company (SPAC). According to EVgo, it has entered into a definitive business combination agreement with Climate Change Crisis Real Impact I Acquisition Corporation, with the combined entity expected to trade under the new ticker symbol EVGO.
socalTECH
JANUARY 21, 2021
Los Angeles-based OpenDrives, a developer of network attached storage (NAS) products for the enterprise, said on Thursday that it has raised $20M in a Series B funding round. The funding was led by IAG Capital Partners. According to the company, the new funding will go to grow the company and accelerate product development. The company has now raised $30M in total.
socalTECH
JANUARY 21, 2021
Camarillo-based semiconductor developer Semtech announced another win for its LoRaWAN low power networking technology, this time in Australia, saying that Meshed Pty Ltd (Meshed IoT Integrators), an Australian provider of Internet of Things (IoT) solutions for smart cities, environment, water, energy, agriculture, and asset management, has adopted its technology for monitoring city public health.
socalTECH
JANUARY 21, 2021
San Diego- and New Jersey-based OncoSec Medical, a publicly traded biotechnology company focused on treatment of cancer, said today that it is raising $42.0M in a public offering of its common stock. The company said it is offering of 7,711,284 shares of its common stock at a price of $5.45, with an expected close on January 25th. The company said the new funds will go towards clinical, regulatory, manufacturing and, if and when approved, potential commercial activities of its product candidates
socalTECH
JANUARY 21, 2021
Los Angeles-based Cloudbreak Health, a provider of telehealth and video remote interpretation for the healthcare market, said Wednesday that it has partnered with Extended Care LLC, a healthcare technology software provider. According to the two companies, they will integrate Martti, Cloudbreak's video remote interpretation (VRI) service, and the ExtendedCare Telehealth virtual care platform.
socalTECH
JANUARY 21, 2021
San Diego-based Plexium, a biotech startup focused on discovering and developing protein degrading therapeutics directed towards historically challenging drug targets, announced this morning that it has raised $35M in a financing round. The funding is an extension of the company's October 2019 Series A round. The funding was led by Lux Capital and Pivotal BioVentures, and also The Column Group, DCVC Bio and other curren tinvestors.
socalTECH
JANUARY 21, 2021
San Diego-based Decipher Biosciences, a provider of genomic testing for urological cancer, has filed for an IPO, saying it is looking to raise up to $100M in an offering on the Nasdaq Global Market. The IPO is being underwritten by Evercore ISI, Wells Fargo Securities, Canaccord Genuity, and BTIG. The company has received funing from Yonghua International, CRG Partners, Tekla Capital, and UnitedHealth Group.
socalTECH
JANUARY 20, 2021
Culver City-based PacketFabric, a network connectivity provider backed by NantWorks and Digital Alpha Advisors, said it has launched a new product called Cloud router. The company said its new product is aimed at enterprises and small businesses, and provides connectivity to multiple cloud providers. The company says its product can be used for data transfer, disaster recovery, distributed cloud applications and managed Layer 3 connectivity.
socalTECH
JANUARY 20, 2021
San Diego-based EDF Renewables North America has completed two solar projects, according to the company. According to EDF Renewables, it has completed the Maverick 1 (173.4 MWdc) and Maverick 4 (135.9 MWdc) Solar Project, both part of the Panel Solar project in Riverside County. The company said Maverick 1 is providing electricity to Southern California Edison on a 15-year Power Purchase Agreement (PPA), and Maverick 4 is providing energy to Shell Energy North America (US), L.P.
socalTECH
JANUARY 20, 2021
Lake Forest-based Higher Ground Education, which operates a network of Montessori schools in the US and China, says it has acquired software developer Altitude Learning LMS. According to Higher Ground, it has acquired the Altitude Learning LMS technology, along with Altitude's product and engineering teams. Financial terms of the buy were not announced.
socalTECH
JANUARY 20, 2021
Santa Monica-based Happy Returns, a startup which helps e-commerce companies manage their returns process, has partnered with omnichannel logistics services company Port Logistics Group, the two announced this morning. The two said that Happy Returns has become part of Port Logistics Group's Whiplash partner integration network. Whiplash Merchandising, owned by PLG, is an ecommerce technology company providing integration, order management system (OMS) and warehouse management system (WMS) capab
socalTECH
JANUARY 19, 2021
San Diego-based Mosaic, a fintech startup developing software to help CFOs make financial decisions, said last week that it has raised $18.5M in its Series A funding. The funding was led by General Catalyst, and also included Felicis Ventures, Village Global and XYZ Ventures. The startup said the new funding brings its total raised to $21M. The company said it will use the funding to accelerate product development and for growing its team.
socalTECH
JANUARY 19, 2021
Los Angeles-based electric vehicle developer Canoo says it has named a new VP of Investor Relations. The company--which recently went public via a reverse merger--said it has named former Cars.com Director of Investor Relations, Kamal Hamid, to the post. Hamid has previously also served at Solera Holdings, in addition to experience in the sell-side equity research and corporate finance areas.
socalTECH
JANUARY 19, 2021
Mojave-based Virgin Orbit, which is developing space launch technology which uses a modified 747 to launch rocket payloads into space, successfully launched its first rocket into space from the Southern California coast on Sunday. The company's LauncherDemo2 mission--which took off from Mojave, before launching a rocket off the coast of Santa Cruz Island--carried 9 CubeSat satellites into Low Earth Orbit.
socalTECH
JANUARY 19, 2021
Aliso Viejo-based utility-scale energy storage project developer esVolta has received an investment from Macquarie's Green Investment Group (GIG), Macquarie announced this morning. Size of the investment was not announced. According to Macquarie, the investment will support the continued North American expansion of esVolta and finance its portfolio of over 600 MWh of contracted energy storage projects, plus an additional pipeline of more than 2 GWh of projects.
Startup Professionals Musings
JANUARY 16, 2021
Being an entrepreneur seems to be one of the most popular lifestyle aspirations these days. According to most definitions, anyone who starts a business is an entrepreneur , but most people don’t realize there are many startup types out there, and picking the wrong one can be just as disastrous as being stuck in a cubicle at work, or doing things with no interest and no skills.
L.A. Business Journal
JANUARY 18, 2021
Santa Monica-based startup Nacelle Inc. has raised in $18 million in Series A funding led by Inovia Capital.
Startup Professionals Musings
JANUARY 17, 2021
A common challenge faced by every entrepreneur is that they don’t have the bandwidth, interest or skills to do everything that is required to build their startup. Of course, they can outsource part of the work or hire employees, but that approach means more time and money to manage the work, which they don’t have. The right answer is to find a co-founder with complementary skills.
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