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Welcome back to Chain Reaction. Last week, we talked about layoffs and the Winklevoss rock gods. This week, we’re looking at a new layer of crypto doom and gloom. Get this newsletter in your inbox every Thursday by subscribing on TechCrunch’s newsletter page. crash redux.

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EV Connect Acquired By Schneider Electric


El Segundo-based EV Connect, which builds and installs electric vehicle charging stations, has been acquired by Schneider Electric, the companies said today. Financial details of the acquisition were not announced. According to the companies, EV Connect CEO and foudner Jordan Ramer will continue to lead EV Connect's operations. EV Connect's customers inlude GM, Avista Utilities, Love's Travel Stops, Verizon, Marriott, Hilton, Western Digital, ADP, New York Power Authority, and others.

5 Keys To Taking An Idea From A Vision To A Solution

Startup Professionals Musings

A popular approach for aspiring entrepreneurs these days seems to be to corner anyone who will listen, with a pitch on their current “million dollar idea.” The initial monologue usually ends with the question “How much money do you think this is worth?”

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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.

Tech Companies Are Hiring Staff… Then Rescinding the Offers


A number of tech companies have made the headlines this week for hiring new members of staff, only to rescind such offers before they start.

10 Strategies For Reducing Your Business Load At Work

Startup Professionals Musings

One of the most common complaints I hear from entrepreneurs is that they are overwhelmed by the workload and stress of starting their company. Then there are the additional challenges of balancing the demands of family and friends. Having too much on your plate can turn your dream into a nightmare.

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More Trending

7 Ways To Find And Nurture Future Leaders In Business

Startup Professionals Musings

Every business owner I know wishes that all team members were leaders, to proactively tackle the challenges of growth , interact effectively with customers on their needs, and eventually step into your role.

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8 Signals That It’s Time for Change In Your Business

Startup Professionals Musings

When the economy struggles as it is doing now, that’s a strong signal that things have to change, and it’s hard to miss. But most of us in business have to deal most of the time with weak signals, or change that is happening in a far more subtle way.

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ViewSonic Jumps On Metaverse Bandwagon With Education Product


Brea-based ViewSonic said it is launching a metaverse for education, called UNIVERSE, which it says will provide a 3D virtual environment for education including virtual learning spaces such as classrooms, lecture halls, and collaborative spaces. According to ViewSonic, the virtual learning site includes such features as private and group chats, emojis, and true-to-life spatialized audio, screen sharing, pop quizzes, and more.

San Diego To Deploy Eight Microgrids


The City of San Diego is deploying eight "microgrids", individual power generating sites located at recreation centers, fire stations, and police stations, according to renewable energy contractor Industria Power. According to Industria Power, it is building eight microgrids for the City of San Diego, which are scheduled to be installed by December 2022.

System 9 Scores $5.7M


Los Angeles-based System 9, a startup in the crypto token market, says it has raised $5.7M in a funding round. The funding was led by Capital6 Eagle (C6E), plus Kronos Asset Management, C2 Ventures, Gate Ventures, Ascendex Ventures, along with others. System 9 says it is providing software-based trading services to token issuers and digital asset exchanges, and is led by co-founder and CEO Peter Sokolow. system9 crypto market marketplace venture capital

SpaceX, Dish Scuffle Over Frequency Usage


Hawthorne-based SpaceX and satellite television operator DISH are in scuffle over 5G frequency usage at the FCC, with SpaceX saying that Dish's play for 5G expansion would "severely impact" Starlink. According to SpaceX, its customers "will experience harmful interference more than 77 percent of the time and total outage of service 74 percent of the time, rendering Starlink unusable for most Americans" if Dish is allowed to use the 12Ghz signals it is requesting for use.

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VIZIO Connects Smart TVs With TikTok


Irvine-based smart TV maker VIZIO said today that it has connected its VIZIO Smart TVs with the popular video sharing service TikTok. social hardware television sharing smart vizio tiktok

KinderSystems Merges With NoHo Software


Escondido-based software developer KinderSystems, which develops software-as-a-service for child care providers and Head Start programs and agencies, says it has merged with NoHo Software. Financial details of the merger were not announced. KinderSystems was known, until last month, as Controltec, Inc. Noho Software was founded in 1995. The newly merged company says it provides subsidized child care software in California to over 245 child care agencies.

Venture Valley In College Partnership On Entrepreneurship Game


Los Angeles-based Venture Valley, the developer of a multiplayer video game where players take on the role of an entrepreneur against others, says it has partnered with the Collegiate Entrepreneurs' Organization, to promote its business strategy game. According to Venture Valley, the two will collaborate on such things as online tournaments, highlighted appearances at conferences, and marketing activities. Financial details of the deal were not announced.

Upfront's Valence Acquired By Greenwood


Los Angeles-based Valence, the Black professional networking site created by Upfront's Kobie Fuller, has been acquired by Atlanta-based Greenwood, Greenwood announced on Wednesday. Financial details of the acquisition were not announced. Greenwood operates a digital banking platform for Black and Latino individuals.

Rently Integrates With


Los Angeles-based Rently, which operates a marketplace for self-guided, self-service home tours, says it has integrated its platform with The company said renters can now schedule self-guided tours available on Rently through Rently's technology allows renters to tour properties without a manager or agent. rently apartments self guided home tour platform

Activision Blizzard Approve Transparency Efforts, But No Employee Seat


Shareholders at Santa Monica-based Activision Blizzard approved a proposal by New York State Comptroller Thomas DiNapoli to publicly report on efforts to stop workplace discrimination and harassment, but rejected a bid by employees for a seat on the board. The company has been under siege for gender harassment and other issues at the company. activision blizzard sexual harassment discrimination lawsuit

Viasat Rolls Out Cheaper, Home Satellite Internet


Carlsbad-based Viasat has rolled out new, lower-priced home satellite Internet plans, as the company has begun to see competition from SpaceX's Starlink satellite service. According to Viasat, it will offer up "New Choice" home internet plans, starting at $49.99 per month, with download speeds up to 25Mbps and 150Mbps in select areas. The company is targeting residential customers, particularly in rural areas.

Vamstar Connects With $9.5M


Los Angeles- and London-based Vamstar, a startup developing artificial intelligence (AI) software for matching medical supplies and pharmaceuticals to buyers, has raised $9.5M in a Series A funding, the company said today. The funding was led by Alpha Intelligence Capital and Dutch Founders Fund, and also included BTOV Partners and Antler. The company is led by co-founder and CEO Praful Mehta.

Helio Health Becomes Helio Genomics


Irvine-based Helio Health. helio health genomics blood diagnostic detection cancer lifescience

Amgen Commits $30M For Virtual Science Education


Thousand Oaks-based The Amgen Foundation, the charitable arm of Amgen, said Monday that it has committed $30M to LabXChange, an online science education platform. According to Amgen, it is the founding and lead sponsor of the effort, which it is a collaboration with Harvard's Vice Provost of Advances in Learning. Amgen had previously donated $13M to the effort.

TuSimple Shuffles Exec Staff, CFO Leaves


San Diego-based autonomous trucking company TuSimple said this morning that its CFO has left the company, and it has promoted two of its executives. According to TuSimple, its Chief Financial Officer, Patrick Dillon, has left the company to "pursue other opportunities". Eric Tapia, the company's Global Controller and Principal Accounting Officer, will temporarily serve as CFO while the company searches for a new CFO.

Supply Change Capital Gets Backing From Bank Of America


A new, venture capital investment firm focused on early-stage food technology businesses, Supply Change Capital, announced that it has received an equity investment from Bank of America. The new venture capital firm--led by Noramay Cadena and Shayna Harris--said the commitment will go towards its $40M fund goal. Supply Change Capital said its fund is investing in diverse founders across the supply chain in technology, sustainable ingredients, and culture-first brands.

SteadyMD Acquires BlocHealth


Los Angeles-based SteadyMD, which provides B2B telehealth infrastructure, says it has acquired BlockHealth, a clinician licensing, credentialing, and payer enrollment platform. Financial details of the acquisition were not announced. SteadyMD is backed by Lux Capital, Pelion Venture Partners, NEXT VENTŪRES, Acrew Capital, Draper Associates, Sound Ventures, and Anne Wojcicki.

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Musk: Tesla Factories Are Gigantic Money Furnaces


Elon Musk, the tech billionaire behind many companies, including LA's SpaceX, called Tesla's factories in Berlin and Austin "gigantic money furnaces", saying in an interview released on Wednesday that Tesla's car factories are losing billions of dolars due to supply chain disruptions and issues with battery manufacturing. The revelation comes as week after Musk warned that his competitors Lucid and Rivian are on track for bankruptcy.

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Activision Blizzard Approves Transparency Efforts, But No Employee Seat


Shareholders at Santa Monica-based Activision Blizzard approved a proposal by New York State Comptroller Thomas DiNapoli to publicly report on efforts to stop workplace discrimination and harassment, but rejected a bid by employees for a seat on the board. The company has been under siege for gender harassment and other issues at the company. lawsuit discrimination harassment sexual blizzard activision