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Press 156

Beyond Meat COO Reportedly Arrested Over Biting Incident


The Chief Operating Officer (COO) of El Segundo, California-based Beyond Meat has reportedly been arrested for biting a man's nose, according to Arkansas news reports. Doug Ramsey, was appointed COO of Beyond Meat in December of 2021, and previously had been an executive at Tyson Foods. beyond meat executive beyondmeat food arrest crime


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8 Reasons That Startups Need To Think Like An Invader

Startup Professionals Musings

Winning customers as an entrepreneur in a startup has many parallels to a young army trying to penetrate some formidable new and unfamiliar territory. You need a strategy as well as a goal, and you need to pick your battles well.

5 Reasons to go to the 10th Annual San Diego Startup Week

Startup San Diego

The post 5 Reasons to go to the 10th Annual San Diego Startup Week appeared first on Startup San Diego. Startup News Startup Week

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.

5 Key Initiatives Define The Ultimate Startup Leader

Startup Professionals Musings

Most aspiring entrepreneurs are convinced that the strength of their initial idea somehow defines them as a leader, as well as the success potential of their derivative business. In my experience, it’s a lot more complicated than that.

6 Marketing Accelerators For Boosting Business Growth

Startup Professionals Musings

The days of “ if we build it, they will come ” are gone. Great marketing is required to generate revenue and grow every business, especially new businesses which have no brand recognition nor loyal customer base.

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5 Keys To Achieving Memorable Competitive Distinction

Startup Professionals Musings

Every entrepreneur believes that their product or service is memorable, and that every customer will quickly see the advantage over competitors. Yet true product differentiation in the eye of the customer is rarely achieved.

Aadi Biosciences Finds $72.5M In Private Placement


Los Angeles-based Aadio Biosciences, a public biopharmaceutical company focused on therapy for cancer, said on Thursday that it has raised $72.5M in a private placement equity financing. The company said it agreed to issue and sell an aggregate of 3,373,526 shares of its common stock at a price of $12.50 per share, and pre-funded warrants to purchase up to an aggregate of 2,426,493 shares of Common Stock at a purchase price of $12.4999 per pre-funded warrant share.

Equity 109

RLH Equity Partners Sells Portfolio Firm To Accenture


Los Angeles-based private equity investor RLH Equity Partners said this week that it has sold one of its portfolio companies, Inspirage, to Accenture. Financial details of the deal were not announced. Inspirage provided consulting and implementation focused on Oracle's cloud-based supply chain management software, with a focus on enterprise customers in the industrial manufacturing, oil & gas, high tech, consumer products, and life sciences sectors. Inspirage was based in Bellevue, Washington.

Equity 109

Theorycraft Games Gets $50M


Los Angeles-based Theorycraft Games, an independent game studio, said this morning that it has raised an additional $50M in its Series B funding. The funding was led by Makers Fund and also included NEA and a16z. The company said it will use the funding to continue developing its first game, which it says is a team-based game focused on "adventure, creativity and high-stakes combat".

3D Printing Developer Sets Up San Diego Research, Development Center


A Boston-based, 3D printing technology developer, Boston Micro Fabrication (BMF) said today that it is opening up a brand new, research and development center in San Diego. According to BMF, the new BMF Research Institute is being formed specifically to develop and incubate end-product ideas that are uniquely enabled by its micro-3D printing platform. BMF says its 3D printers are specifically used in electronics, optics/photonics, medical devices, microfluidics and life sciences.

Alliance for SoCal Innovation Gets Sponsor For Venture Pipeline Program


The Alliance for SoCal Innovation, a nonprofit which is focused on boosting Southern California's startup community, said this week that it has inked a deal with Pacific Western Bank, to be the lead sponsor for its SoCal Venture Pipeline program. Details on the sponsorship deal were not announced. According to the Alliance, its program connects promising early stage startups with venture capital in order to improve access to institutional capital across the SoCal region.

SoCal 109

Former Broadcom Engineer Gets Eight Months For Stealing IP


A former engineer from Broadcom has been sentenced to eight months in prison for stealing trade secrets, according to the U.S. Department of Justice. Broadcom has significant operations in Southern California, particularly in Orange County.

IP 109

Group Hopes To Launch Entrepreneurship Center In South LA


A group is looking to raise $2M for a new, entrepreneurship center in South Los Angeles, which it says will focus on youth and workforce development technology and entrepreneurship center.

Scratchpay Gets $35M


Pasadena-based Scratchpay, which originally provided pet health insurance, but now is expanding into healthcare in general, has raised $35M in its Series C funding, the company disclosed this morning. The Series C funding round was led by Norwest Venture Partners, and also included Alumni Ventures, Companion Fund, Struck Capital, SWS Venture Capital, TTV Capital, and others. The company says it has now raised over $108M in total. Scratchpay is led by founder and CEO John Keatley.

ImmunoScape Finds $24M From Amgen, Others


San Diego-based ImmunoScape, a biotech company which says it is focused on discovery and development of next-generation TCR-T-cell therapeutics, has raised $14M in a funding round. The funding was led by Anzu Partners, and also included Amgen Ventures and Singapore's EDBI. The company said it is focused on discovery and in-depth characterization of rare cancer-specific T-cells at high resolution, to help develop TCR-T-celll therapies for treatment of solid cancer tumors.

Cypress Creek Renewables Plans 45MW Worth Of Community Solar In Illinois


Santa Monica-based renewable energy developer Cypress Creek Renewables said this morning that it has agreed to develop and sell 45MW of community solar projects in Illinois to community solar operator Nexamp. Cypress Creek Renewables said the 45MW of Illinois solar projects are scheduled to be operational by Fall of 2023. The company did not say how much it will cost to build those solar projects.

Renogy Enters Home Energy Storage Market


Anaheim-based solar equipment provider Renogy says it is expanding beyond solar panels and inverters, and into the home energy storage market. According to the company, it has rolled out a number of home energy storage products, including the Lycan Power Box PRO, which offers 4.8kWh of energy storage and a 5,000 watt inverter, which can work either with or without solar power; and the Aura Hybrid Home Battery System, a modular whole home solar battery system.

Humankind Finds $4.2M For Personalized Shopping Recommendations


A new, Los Angeles-based startup, Humankind, announced this morning that it has raised $4.2M in a seed stage funding. The company said the funding was co-led by High Alpha Capital and Strand Equity. Humankind said it connects online shoppers with real life product experts via SMS, to help provide personalized shopping recommendations.

Avantus Claims 50 Gigawatt Pipeline


Los Angeles- and San Francisco-based clean energy developer Avantus (formerly known as 8minute), says it now has 50 gigawatts of clean energy projects in its pipeline, worth $70 billion. According to the company, that pipeline includes 42 GW of solar and 78 GWh of energy storage, which is enough power to provide power for 30 million people. Avantus says that pipeline is split over more than 90, utility-scale projects through California, Texas, and the Southwest.

Banc of California Acquires Deepstack Technologies


Santa Ana-based Banc of California said late last week that it has acquired Deepstack Technologies, a developer of software for merchant processing, payments acceptance and disbursement, virtual accounts, chargeback management, and more. The company said it paid $24M in cash for Deepstack Technologies, which is headquartered in Jupiter, Florida, and with a team in Southern California.

Viasat, Inmarsat Get Merger Nod From UK


Carlsbad-based satellite communications company Viasat, and fellow satellite communications company Inmarsat said Friday that the two companies have gotten approval of their proposed combination of businesses from the UK Government, under that country's National Security & Investment Act. The approval is one of the hurdles along the way to the completion of the $7.3 billion merger announced by the two companies in November of 2021. viasat merger acquisition satellite communications

Invest 109

Spotter Claims $600M In YouTube Investments


Los Angeles-based Spotter, a company which provides cash payouts to YouTube creators for rights to existing and future content, claims it has deployed $600M in capital to YouTube creators. The company says it pays cash to creators for their catalogs, through licensing their existing videos or future video uploads, allowing those creators to spend, invest, or spend those funds any way they wish; the company said its payments are not a loan and it does not take equity for those payments.

Invest 109

SpinLaunch Lands $71M For Satellite Launch System


Long Beach-based SpinLaunch, which is developing low cost, satellite launch systems based on mass accelerators, says it has raised $71M in a Series B funding round. According to the company, the funding was led by ATW Partners, and includes Kleiner Perkins, GV, ATMA Capital, ONA Capital, Lauder Partners, McKinley Capital, Tyche Partners, as well as John Doerr, Brook Byers, Asher Delug, Chuck Brady, Andrew Farkas, and Greg McAdoo.