Sat.Feb 09, 2019 - Fri.Feb 15, 2019

Techstars and Starburst Aerospace are launching a space industry accelerator in Los Angeles

TechCrunch LA

With the help of NASA’s Jet Propulsion Lab, the U.S. Air Force, Lockheed Martin, Maxar Technologies, SAIC and the Israel Aerospace Industries company, Techstars and Starburst Aerospace are launching an accelerator focused on the space industry in Los Angeles.

Activision Blizzard To Slash Almost 800 Employees

socalTECH

Santa Monica-based game developer Activision Blizzard says it is slashing 8 percent of its staff, or nearly 800 employees, as a part of a restructuring effort at the company. The move comes even as Activions Blizzard reported record net revenues in 2018 of $7.50 bllion, up from the $7.02 billion it had in revenues for 2017.

Why Has Seed Investing Declined? And What Does this Mean for the Future?

Both Sides of the Table

Seed investments are down by any measure (funds, deals, dollars) over the past 3 years in deals < $1 million AND in deals between $1–5 million. What gives?

Invest 392

Study Finds Tech is Number One Industry for Workplace Drinking

Tech.Co

Workplaces and alcohol have a long and tipsy history together, from 60s-era Mad Men culture to a co-working space hot-button topic today.

Study 174

Former Snap employees are launching Forge Platform for Ethereum devs

TechCrunch LA

Chris Lorenz, Geoffrey Anderson, and James Borow may have spent their days over the past few years working at Snap, but on nights and weekends Anderson and Lorenz were laboring on a different project — improving Ethereum development tools. .

Once again: Is it the jockey or the horse?

Berkonomics

Early stage investors have been arguing over this for years. Do they bet on the entrepreneur (jockey) or the business idea and plan (the horse)? This is serious stuff.

More Trending

Tesla Adds Dog Mode – Because Twitter Asked

Tech.Co

Tesla has announced that a “dog mode” will be added to its cars as soon as this week. The reason? Someone asked Elon Musk for it on Twitter.

TigerConnect Rolls Out New Software Product

socalTECH

Santa Monica-based TigerConnect , the developer of healthcare communications software, has rolled out a new set of products and product enhancements, all aimed at communications between healthcare providers, patients, and health systems. According to the company, it has rolled out a new product called TigerTouch, which it says allows health systems to communicate directly with patients through video, voice, and text.

Once again: Is it the jockey or the horse?

Berkonomics

Early stage investors have been arguing over this for years. Do they bet on the entrepreneur (jockey) or the business idea and plan (the horse)? This is serious stuff.

10 Ways To Improvise, Thrive And Survive In A Startup

Startup Professionals Musings

As an entrepreneur, you have to improvise and adapt quickly to survive and thrive in the face of the unpredictable challenges of the market. But this improvisation a not a comedy, although there are some distinct correlations, in relation to reacting, adapting, and communicating.

Sharing Ownership

SoCal Tech Calendar

Tuesday, February 19, 2019 -- Sharing Ownership. CSULB Beach Incubator. Attorney Rick Citron. Mr. Citron is an attorney and entrepreneur specializing in business law, real estate, and succession planning. With over 40 years of experience in practicing law, Mr. Citron has contributed to the success stories of hundreds of companies, utilizing his experience and the synergy of a carefully nurtured network of professionals. See [link] (more

Rivian, With Operations In Irvine, Raises $700M From Amazon For Electric Pickups

socalTECH

Rivian , a developer of electric powered pickups and SUVs--which has significant operations in Irvine--has raised $700M in a funding round, the company announced Friday morning. The funding was led by Amazon. According to Rivian, its first two vehicles--the R1T and R1S--provide over 400 miles of range, and are expected to be delivered in late 2020. The company is led by founder and CEO RJ Scaringe.

Finding True Love Can Be Ruff, But This Startup Could Have Your Match

Xconomy

Too many people treat pet adoption like a one-night stand. You look at a dog, and see his eyes, and think he’s cute,” says Tama Lundquist, co-president of Houston PetSet, an organization that works with about 70 animal shelters in the Houston area.

Do’s and Don’ts For Entrepreneur Business Networking

Startup Professionals Musings

I often recommend business networking as the most effective way for a startup founder to find investors, advisors, and even key executive candidates. But what if you are an introvert, or new to this game, and don’t know where or how to start?

LAEDC Economic Forecast 2019

SoCal Tech Calendar

Wednesday, February 20, 2019 -- LAEDC Economic Forecast 2019. Panel discussion: Agents of Innovation: LA County Businesses Shaping The Future Economy. One of the first events of its kind in Los Angeles, The LAEDC's annual Economic Forecast has long been a lightning rod for cultivating meaningful economic advancement within our city.

Press 100

Avetta Merges With BROWZ

socalTECH

Irvine-based Avetta , a provider of supply chain management software, has merged with another supply chain risk management company, BROWZ , the companies said this week. Avetta is owned by private equity investor Welsh Carson Anderson & Stowe. The combined firm says it has more than 85,000 customers in over 100 countries. Financial terms of the merger were not announced. The combined company will be led by John Herr, the CEO of Avetta.

Carson 122

“Stigma is Going Away”: Cannabis IP is Thorny, But Not Impossible

Xconomy

No longer solely the provenance of hippie or outlaw types, the U.S. cannabis industry has become more sophisticated and tech-enabled as it has come out of the shadows over the past decade.

IP 91

Do You Know A “Downer” Who Is Killing Your Business?

Startup Professionals Musings

A “downer” is defined here as someone who seems to dwell on the negatives of every business challenge, and loves to highlight bad news or potential problems. No matter how smart or experienced this person may otherwise be, things must change or they will kill your startup.

Tech Acquisitions: Digital Strategies for Corporations and Exit Strategies for Startups - MIT Enterprise Forum of the Central Coast

SoCal Tech Calendar

Wednesday, February 20, 2019 --.

TrueCar Buys Stake In Accu-Trade

socalTECH

Santa Monica-based TrueCar announced late Thursday that it has acquired a 20 percent stake in Accu-Trade , a provider of vehicle apparisal technology. Financial terms of the deal were not annoucned. Accu-Trade, which is based in Manheim, Pennsylvania, and provides a mobile app which offers up vehicle appraisals and valuations for dealers and consumers.

How Businesses Can Find Scalable Ethernet Services in Southern California

Southern California Edison Blog

California boasts one of the most impressive economies in the United States. Southern California alone has a gross domestic product larger than countries including Mexico and Turkey. And, since 2012, just six counties in SoCal have seen their gross domestic product increase from $992 billion to $1.26

SoCal 61

Businesses Without A Website Are The “Walking Dead”

Startup Professionals Musings

These days, if your startup does not have an Internet home base up and running, you are not ready for business or potential investors.

Web 82

Unconscious Bias and Diversity

SoCal Tech Calendar

Wednesday, February 20, 2019 --.

100
100

TuSimple Takes $95M For Autonomous Trucking Technology

socalTECH

TuSimple , a developer of autonomous trucking technology which has offices in San Diego and in China, said on Wednesday that it has raised $95M in a Series D funding round. The funding came from Chinese investors SINA Corp. and Composite Capital. TuSimple says it has now raised a total of $178M. The new funding values the company at $1 billion. The company was founded in 2015.

Qualcomm Sells Medical Device Connectivity Business to PE Firm

Xconomy

Francisco Partners, a San Francisco-based private equity firm, said Monday it has acquired Qualcomm Life, a subsidiary of the San Diego chipmaker that focuses on connecting medical devices to software applications installed at hospitals and other healthcare organizations.

TigerConnect Teams With OpenTempo

socalTECH

Santa Monica-based healthcare communications software developer TigerConnect has inked a partnership with physician scheduling and labor analytics software developer OpenTempo , the two announced today in a deal which will provide closer integration between their tools. Financial details of the deal were not announced.

Amazon Lockers Head To Coachella

socalTECH

Need something for the annual music festival at Coachella ? Amazon is looking to cater to the crowd of tech-savvy visitors to the popular festival, and said on Tuesday that it will be offering up its Lockers at on-site locations at Coachella during the two weekends of the festival in April.

Sites 122

Greylock-backed Robotics Startup Nuro Snags Big $940M Funding Round

socalTECH

Nuro , a self-driving, delivery robot developer backed by Los Angeles-based venture investor Greylock Partners, has raised a huge, $940M funding round from SoftBank Vision Fund, the company said on Monday. Nuro said the new funding brings its total raised to more than $1 billion. Other investors in Nuro include Greylock Partners and Gaorong Capital.

HyperX Signs Pittsburgh Knights

socalTECH

Fountain Valley-based gaming accessories maker HyperX said this morning that it has become an official sponsor of the Pittsburgh Knights , the esports team that is associated with the Pitssburgh Steelers. According to HyperX, which is the gaming division of Kingston Technology, it will become the "Exclusive Peripherals Sponsors" of the Knights, providing gaming headsets, keyboards, mice, mousepads and internal memory products to the team. Financial details of the arrangement were not announced.

Virgin Galactic Donates Rocket Motor To Smithsonian

socalTECH

Virgin Galactic and its sister company, The Spaceship Company (TSC), said last week that it has donated a rocket motor to the Smithsonian Air & Space Museum , for the Smithsonian's efforts to create a new gallery focused on commercial space flight. The hybrid rocket motor was used on SpaceShipTwo, VSS Unity last year. The rocket motor was designed and built by TSC. The 3,000 pound motor is what is used to send Virgin Galactic's SpaceShipTwo spacecraft into space.

Design 122