Sat.May 21, 2022 - Fri.May 27, 2022

How to “reel them in” to a trade show booth

Berkonomics

We seem to be back to 2019 in the trade show world. Shows that shuttered during COVID have reopened, even if traffic and attendance seems smaller so far, but rising. So, let’s spend a cycle on trade shows for the first time in years.

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Niantic transcends Discord to build Campfire, an AR social app, and unveils Lightship VPS

TechCrunch LA

Since the launch of Pokémon Go in 2016, players have been coordinating meetups, in-game raids and battles on platforms like Reddit and Discord. This summer, parent company Niantic is unveiling Campfire, a social app designed to help mobile augmented reality (AR) gamers connect.

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7 Keys To Business Transformation To Meet Competition

Startup Professionals Musings

In my experience as a business advisor, most organizations, large and small, struggle to keep up with the pace of change and competitive forces today.

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Romeo Power Gets Aftermarket Powertrain Provider Win

socalTECH

Los Angeles-based electric battery developer Romeo Power reported a win this week, with what it called a "leader in powertrain performance products". Financial details of the win, and name of the customer, was not announced. The company said the move is in the aftermarket solutions area, where it will provide its batteries. romeo power battery cleantech lithium automotive

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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.

Balance Your Marketing Spending Between Free and Fee

Startup Professionals Musings

The power and influence of paid media advertising, including print ads, TV commercials, radio, and even online digital campaigns is waning, in favor of unpaid earned and owned messaging from your website, social media, key market influencers, and existing customer word-of-mouth.

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6 Due Diligence Goals When Vetting Business Partners

Startup Professionals Musings

Business partners can be co-founders in a startup, multiple owners of an existing business, or a joint venture. In every case, a partner can be an asset, bringing new skills and perspectives to the business; or a burden, making every decision more difficult, and taxing your lifestyle satisfaction.

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More Trending

7 New Venture Leader Attributes That Excite Investors

Startup Professionals Musings

In the beginning all businesses are just people playing out an idea. It’s never the other way around – there is no idea so big that it doesn’t need people to make it succeed. Investors know this, hence the saying “Bet on the jockey (founder), not the horse (idea).”

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Elevation Semiconductor Launches Gallium Nitride Power ICs

socalTECH

Irvine-based Elevation Semiconductor, a new semiconductor company, says it has launched several new, high-efficient power ICs, used for high voltage power conversion. The company--which says it started in 2021--says its devices are gallium nitride (GaN) and are used for switched-mode power supplies. David Nam is CEO of Elevation Semiconductor. elevation semiconductor gallium nitride power integrated circuit

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Stratolaunch Details New Test Vehicle

socalTECH

Mojave-based Stratolaunch has debuts a new test vehicle, the Talon-A (TA-0), which it says will be used to test and validate the release system on its Roc vehicle. According to Stratolaunch, the new Talon-A test vehicle will initially not be powered in flight, but future iterations will be designed to carry payloads at speeds above Mach-5.

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NASA Backs Space Companies In Southern California

socalTECH

NASA said on Thursday that it has awarded nearly $50M to 333 proposals from 257 small businesses and 41 research institutions to help drive the future of space exploration, including a significant number of Southern California companies. The NASA Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) awards include dozens of grants to local companies. nasa space aerospace grant sbir sttr

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AstroForge Finds $13M For Asteroid Mining

socalTECH

Huntington Beach-based AstroForge said this week that it has raised $13M, and come out of stealth mode, saying it is working to mine platinum and other related metals from asteroid. The startup--founded by CEO Matt Gialich--said it has already booked a ride on a SpaceX Falcon 9 rocket to test its technology for processing asteroid materials in space. The funding was led by Initialized Capital, and also included Seven Seven Six, EarthRise, Aera VC, Liquid 2 and Soma.

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Rael Raises $35M For Feminine Care

socalTECH

Buena Park-based Rael, a feminine care and beauty brand which offers up organic cotton feminine pads, said this week that it has raised $35M in a Series B funding round. The funding came from Colopl Next and Signite Partners (part of Shinsegae Group), along with Aarden Partners, ST Capital, Mirae Asset, and Unilever Ventures. The company was founded by three, Korean-American women, and is led by CEO Yanghee Paik. The company has now raised $59M in total.

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Japa Health Raises $1.245M For Personalized Health

socalTECH

Laguna Niguel-based Japa Health announced on Wednesday that it has raised $1.245M in a seed funding round. The company said the funding was led by Arcsync Co., Ltd, a subsidiary of smart appliance company, Vesync Co., According to Japa Health, the funding comes alongside a deal to power a health tracking application for VeSync. Japa Health said it is led by founder and CEO Sheryl Utal.

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Faraday Future Sees Only 401 Preorders For FF 91

socalTECH

Los Angeles-based electric car maker Faraday Future recently reported quarterly earnings, revealing that it only has 401 preorders for its first production car, the FF 91. According to the now public company, it had 401 preorders for its vehicles as of March 31st. The company's preorders require either a $1,500 deposit for its "FF 91 Futurist" model or $5,000 for its "FF 91 Futurist Alliance Edition".

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DreamStart Labs, KEIPhone Partner On Phone Effort In Africa

socalTECH

San Diego-based digital banking service developer DreamStart Labs, and free smartphone provider KEIPhone said this morning that the two companies are partnering to offer up free, fintech-enabled smartphones to unbanked women in Africa. DreamStart Labs said its app will be pre-installed on every phone distributed by KEIPhone. DreamStart Labs said its app will offer up a way for unbanked women to save, invest, and access loans from the convenience of their phone.

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Broadcom Acquires VMware For $61 Billion

socalTECH

Semiconductor giant Broadcom--which still has extensive operations in Orange County--said this morning that it will pay $61 billion in cash and stock for VMware, the developer of enterprise virtualization software. According to Broadcom, the acquisition will help it accelerate its software scale and growth opportunities. Broadcom's existing Software Group will be rebranded and operate as VMware. Broadcom said the acquisition will add $8.5

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XPRIZE Names Finalists In $10M ANA AVATAR XPRIZE

socalTECH

Los Angeles-based XPRIZE says it has named 20 finalists in its $10M ANA AVATAR XPRIZE, a competition to develop robotic telepresence robots, with finals to be held in Long Beach in November. According to XPRIZE, it has invited 20 teams from 11 countries to ompete for its $8M, grand prize purse at a public event at the Long Beach COnvention Center laster this year.

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H2U Names Chief Commercial Officer

socalTECH

Los Angeles-based cH2U Technologies, a developer of "green" hydrogen prodution technology based on technology developed at Caltech, says it has named David Martin as the company's Chief Commercial Officer. The company said Martin previously served at such companies as Ballard Europe, Electric Hydrogen and Stuart Energy Systems, and has worked on commercializing early-stage water and energy technology.

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EvoNexus Expands Silicon Valley FinTech Incubator Effort

socalTECH

EvoNexus, the startup incubator effort which originally had focused on attracting startups to San Diego and Orange County, is expanding its efforts in Silicon Valley, saying that it is looking for new, early-stage start-up applicants for its Silicon Valley FinTech Incubator. The company said the incubator is being backed by Royal Bank of Canada and Franklin Templeton, and so far has had 17 fintech startups involved in incubation efforts.

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Activision Blizzard Employees Push Further Anti-Discrimination Efforts

socalTECH

A group of employees at Santa Monica-based Activision Blizzard have formed a new committee to push for further anti-discrimination efforts at the company, according to the WaPo. According to the report, the group feels that "more action is needed" from the game publisher, blaming "inaction of leadership" at the company. discrimination harassment sexual legal lawsuit blizzard activision

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BuildOps Raises $43M

socalTECH

Los Angeles-based BuildOps, which develops management software for commercial contractors, said on Tuesday afternoon that it has raised $43M in a Series A funding round. The funding was led by Next47, and also included Founders Fund, StepStone Group, Fika Ventures, Global Founders Capital, MetaProp VC, 1984 Ventures, L2 Ventures, NBA all-star Metta World Peace, Boost Mobile CEO Stephen Stokols, and others. Next47 is backed by Siemens.

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SpaceX Launches Starlink For RVs

socalTECH

In a move which will make many a nomadic tech worker happy, Hawthorne, California-based SpaceX has launched a new Starlink product specifically aimed at RVs and those on the go. The new service includes features that let users pause and unpause service--so they are not billed all the time--but also is deprioritized in areas with heavy congestion. The new service is immediately available, with the service costing $135 a month. spacex starlink internet access satellite

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Pilotly Names Chief Revenue Officer

socalTECH

Los Angeles-based Pilotly, a company which provides research for creative content, says it has named Bryon Schafer as its Chief Revenue Officer. Schafer was most recently SVP at Vevo, and also previously served at Hulu, Warner Bros., and Otter Media.

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OpenX Gets Carbon Neutral Certification

socalTECH

Pasadena-based advertising technology developer OpenX said it has been certified as "carbon neutral". According to Openx, that makes it the first ad exchange to be independently certified as carbon neutral, as part of the company's effort to a "more sustainable future."

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Snap Misses Targets, Punished On Wall Street

socalTECH

Santa Monica-based Snap was down almost 40% in morning trading on this morning, after reporting that it will miss this quarter's revenue goals. According to a statement from Snap, the miss comes because the "macroeconomic environment has deteriorated further and faster than anticipated." The company's declining fortunes reportedly come as a result of a slowdown in advertising revenue. snap snapchat earnings wall street

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EVgo Bolsters Board

socalTECH

Los Angeles-based public EV fast charging network operator EVgo said this morning that it has added two new board members. According to the company, it has named Katherine Motlagh and Badar Khan to the body. Motlagh is currently Executiv Vice President and Chief Financial Offier of CyrusOne LLC. Khan is currently U.S. President of National Grid. EVgo says it now has over 850 charging locations, spread across 60 metropolitan areas in more than 30 states.

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Capstone Wins Deals In California

socalTECH

Van Nuys-based Capstone Green Energy Corporation, a manufacturer of microturbines for energy generation, says it has scored a win for six of its C65 microturbines in California. Financial details of the win were not announced. The company said the turbines will be installed for customers in the agriculture, oil and gas, and hospitality industries. Capstone's microturbines are used to generate power using natural gas, on-site at customer locations.

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Element Biosciences Sets Chief Commercial Officer

socalTECH

San Diego-based Element Biosciences, which is developing a new, DNA sequencing platform, said it has named Mark Aitkenhead, PhD, as Chief Commercial Officer. Aitkenhead was most recently General Manager for Cellular Analysis Instrumentation and Global Commercial Leader for the Clinical Next Generation Sequencing (NGS) Division at Thermo Fisher Scientific, where he had been since 2003. Element is backed by Fidelity Management & Research Company, JS Capital, Foresite Capital and Venrock.

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Polygon Gets $3.6M For ADHD Diagnosis

socalTECH

Santa Monica-based Polygon, a startup which provides remote evaluation and support for dyslexia, ADHD, and other conditions, has raised $3.6M in a seed funding round. The funding was led by Spark Capital, and also included Pear VC. As part of the funding, Spark Capital's Natalie Sandman has joined the company's board. Polygon was founded by CEO Jack Rolo and CTO Meryll Dindin. polygon venture capital adhd dyslexia seed funding lifesciences medical

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Stratolaunch Shifts Aim To Defense, Not Space

socalTECH

Mojave-based Stratolaunch, the space rocket venture of late Microsoft mogul Paul Allen, seemed to be at the brink of shutdown after Allen's death, but--at the last moment--was acquired by a private equity investor. Wired took a look at what's going on at Stratolaunch, which has pivoted itself to providing supersonic testing services for the defense industry. stratolaunch defense military space spacecraft hypersonic testing aerospace

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Near Launches New Product

socalTECH

Pasadena-based Near, which provides location-based intelligence and tracking of people and data, says it has launched a new produt. According to the company, it has launched Near Pinnacle, a product which helps its customers understand places and consumer behavior through a visual user interface. Pricing on the new product was not announced.

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ServiceTitan Names Execs

socalTECH

Los Angeles-based ServiceTitan, which develops software used by trade businesses for managing their operations, has named two executives, the company announced this morning. The company said it has named Olive Huang as General Counsel and Secretary of the Board, and Doug Myers as Senior Vice President of Operations. Huang was most recently General Counsel at Nutanix, and previously worked at SanDisk and Latham & Watkins.

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