Sat.Sep 28, 2019 - Fri.Oct 04, 2019

Relativity, a new star in the space race, raises $140 million for its 3-D printed rockets

TechCrunch LA

With $140 million in new financing, Relativity Space is now one step closer to fulfilling its founders’ vision of making the first rockets on Mars.

Soylent's Brilliant New Marketing Campaign: Soylent Is Plants, Not People

socalTECH

For years, Los Angeles-based Soylent (www.soylent.com)--which makes all-in-one meal replacement drinks, bars, and other productsdanced around the origins of the name, which is tied to a dystopian 1973 science fiction film, Soylent Green , featuring Charlton Heston.

SpaceX Receives Funding from NASA to Aid Moon, Mars Missions

L.A. Business Journal

SpaceX is one of 14 companies awarded grants from NASA to boost the agency's mission to return to the Moon and to eventually land on Mars

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We’re Beginning to Realize the Cloud’s Full Potential at the Edge

Xconomy

Amazon Web Services (AWS), the first “public cloud” offering third-party data storage and compute services, launched in March 2006, and by 2012, there were multiple credible competitors. The hype was strong. Back then, cloud evangelists were predicting that essentially everything in the enterprise data center would migrate to one of just a few public clouds.

Bird Raises $275 Million Series D

L.A. Business Journal

Electric scooter operator Bird secured $275 million in Series D funding led by CDPQ and Sequoia Capital

Upstart banking company Dave is now worth $1 billion, as Norwest puts in $50 million

TechCrunch LA

Two years after the Los Angeles-based fintech startup Dave launched with a suite of money management tools to save consumers from overdraft fees , the company is now worth $1 billion thanks to a nascent banking practice that had investors lining up.

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Great Entrepreneurs Rush To Embrace The Right Risks

Startup Professionals Musings

Outside of dreams, there is no real business opportunity without risk. Serious entrepreneurs know that, but too many “wannabes” still fall for that elusive get-rich-quick scheme with no risk.

Relativity Secures $140M Series C

L.A. Business Journal

Relativity Space raises $140 million, will use it to advance 3D-printing technology

Video Interview: Cynthia Vincent, BAACAL

socalTECH

For our video interview this Friday, we have a chat with Cynthia Vincent , serial entrepreneur, fashion designer, and founder of fashion company BAACAL (www.baacal.com), who was at the TuesdayNights IMPACT Conference last week. READ MORE>>.

After Brain Cancer Drug Fails, Tocagen to Cut More Than Half of Staff

Xconomy

Following the late-stage failure of its lead program, an experimental gene therapy treatment for the most aggressive form of brain cancer, Tocagen will reduce its workforce by 65 percent, the company said Thursday.

7 Characteristics Of People Who Drive Global Change

Startup Professionals Musings

By most definitions of the term, an entrepreneur is someone who starts a new business, incorporating innovative changes to existing products, services, business models, and creating new markets.

Finance App Dave Inc. Raises $50 Million

L.A. Business Journal

Financial management app developer Dave Inc. raised $50 million from Palo Alto-based growth equity investors Norwest Venture Partners

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Video Interview: Morgan Sacco, Athena LA

socalTECH

Our video interview today is with Morgan Sacco , the founder of Athena.LA (www.athena.la), a networking group aimed at women in Los Angeles. READ MORE>>. morgan sacco video athenala networking losangeles women female

Bio Roundup: PARP Progress, A New Commish, IPO-Palooza & More

Xconomy

It’s been a strange up and down ride for PARP inhibitors, a relatively new class of cancer drugs.

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6 Ways The Business Social Media Players Are Changing

Startup Professionals Musings

Isn’t it frustrating to think you finally understand something in business, like marketing with social media, only to realize that the landscape changed while you were looking at other priorities?

Tokr Tees Up Deliveries

L.A. Business Journal

Startup Tokr teams up with dispensary The Pottery to offer sales and delivery services

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Video: Advice For First Time Entrepeneurs, Matt Crowley

socalTECH

What are some of the biggest issues that brand new, first time entrepreneurs run into in starting their companies?

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Viscient Bio Proposes Organovo Merger to Tackle NASH and Go Beyond

Xconomy

Organovo, a company developing technology to 3D print human tissue, announced two months ago that its dwindling cash is leading it to explore options that include merging with another firm. The San Diego biotech now has an offer from a familiar face close to home.

Base Your New Venture On These New Technology Trends

Startup Professionals Musings

A common request I get while mentoring entrepreneurs is for a copy of the startup checklist they need to follow, in order to build a successful new business. I wish it was that easy.

Rick Fox Sues Echo Fox Business Partners

L.A. Business Journal

Rick Fox, owner of Beverly Hills-based esports organization Echo Fox, sued several of his business partners for fraud and mismanagement of company funds

Jaunt Acquired By Verizon

socalTECH

Jaunt , a developer of virtual reality technology, software, and apps--which previously had its virtual reality content development efforts based here in Los Angeles--has been acquired by Verizon , the companies said today. Financial terms of the acquisition were not announced. According to Jaunt, Verizon has acquired Jaunt's software and technology, among other assets. Jaunt was founded in 2013.

ESMO 2019: PARP and Prostate, SeaGen’s Win, KRAS Update & More

Xconomy

The European Society for Medical Oncology meeting has wrapped up in Barcelona, the last major clinical cancer conference until December’s annual ASH meeting for blood diseases. We’ve highlighted a few top stories for you. Amid all the fuss over cell, gene, and immunotherapies these days, an old-fashioned small-molecule class of drug called PARP inhibitors have steadily made progress in tough-to-treat cancers.

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How To Manage Online Reviews and Business Reputation

Startup Professionals Musings

Since most small business owners are justifiably proud of the service they deliver, they don’t even anticipate a negative online review or threat to their reputation, until it happens. Unfortunately, trying to recover after the fact is tough.

GoGuardian Expands Into New Offices

socalTECH

El Segundo-based GoGuardian , which develops software for the education market, has expanded into new offices in El Segundo, at the former Raytheon site. According to GoGuardian, the new office is in Raytheon's building R23, an industrial warehouse that previously had held engineering design and prototyping for Raytheon. GoGuardian said the new, 30,000 square foot office space includes such features as open seating, white noise speakers, and a community art wall.

Anduril Launches Anti-Drone Weapon, The Interceptor

socalTECH

Irvine-based Anduril , a new startup co-founded by controversial Oculus founder Palmer Luckey, announced on Thursday that it has launched a new, drone weapon--called the Interceptor--which is designed to "detect and interdict" unmanned aircraft or autonomous drone systems. The company revealed its technology, which uses another, unmanned aerial vehicle (UAV) to ram and take down either rotary or fixed wing threats.

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X1 Finds $5.1M More For Ediscovery Efforts

socalTECH

Pasadena-based e-discovery software developer X1 has raised $5.1M more in a Series B funding round, the company said Wednesday, in a round led by Palisades Growth Capital. The round also included angel investor George Kadifa, the former head of HP Software. According to X1, the new funding will go to hire aggressively in development and sales. X1 is led by CEO Craig Carpenter and CTO Brent Botta. X1 says it now has more than 600,000 users in 20,000 different organizations using its products.

MemComputing Selected By Chevron Technology Ventures

socalTECH

San Diego-based MemComputing , a startup developing high performance computing (HPC) technology, has been selected by Chevron Technology Ventures (CTV), for CTV's Catalyst Program, which supports early stage companies focused on the oil and gas industry. MemComputing did not say if the selection for participation included an investment from CTV. According to MemComputing, its technology has shown the ability to reduce compute times from hours to seconds for challenging computational problems.

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Dave Finds $50M For Mobile Money Management

socalTECH

Los Angeles-based Dave , a fintech startup which offers up tools that helps users track their spending and avoid overdraft fees, has raised $50M more in a funding round, according to the company. The funding apparently values Dave at $1 billion. The new funding came from Norwest Venture Partners. Dave--which is led by co-founder and CEO Jason Wilk--offers up a range of financial tools which run on the company's platform to help consumers with saving money.

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Second Sight Medical Gets $2.4M From NIH

socalTECH

Los Angeles-based medical implant maker Second Sight Medical said today that it has been chosen for a $2.4M, four-year grant from the National Institutes of Health (NIH). According to Second Sight Medical, the four year grant will go to help develop spatial localization and mapping technology, and for integration of that technology into its implantable visual prosthetics. Second Sight Medical's products are used to provide an artificial "vision" for blind individuals.

Molecular Assemblies Finds $12.2M in Series A Funding

socalTECH

San Diego-based Molecular Assemblies , a developer of enzymatic DNA synthesis technology, has raised $12.2M in its Series A funding round, the company said this morning. According to the company, the financing was led by iSelect Fund, and also included Agilent Technologies, Alexandria Venture Investments, and Keshif Ventures, all existing investors in the company.