Sat.Aug 27, 2022 - Fri.Sep 02, 2022

Is ‘servant leadership’ too soft for you?

Berkonomics

First, what is “servant leadership?”. It’s a term rooted in ancient philosophy. Robert Greenleaf may have been the first to resurrect the concept in his book published in 1970.

5 Ways The Right Leadership Culture Benefits Business

Startup Professionals Musings

Many entrepreneurs still don’t understand that building a business culture today of doing good, like helping people (society) and planet (sustainability), is also a key to maximizing profit. Employees and customers alike are looking for meaning, not simply employment and commodity prices.

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RemotePC Adds Chromebook, Android Support

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Los Angeles-based remote desktop service RemotePC, which is run by iDrive, said on Wednesday afternoon that it has added support for Chromebook and Android hosts. The company said RemotePC Host allows users to securely view and manage their Android devices or Chromebooks from any mobile device, desktop, or the web. The company said consumer plans for its service start at $19.50 per year, with small business plans starting at $79.50 for 10 computers. idrive remotepc chromebook android

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Star-studded digital avatar startup Genies launches NFT fashion marketplace

TechCrunch

Digital avatar startup Genies , known its for high-profile partnerships with celebrities such as Justin Bieber, Migos and Cardi B, has just released its long-anticipated NFT storefront, “The Warehouse.”

Geni 91

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.

7 Strategies To Cultivate Next Generation Leadership

Startup Professionals Musings

Millennials have come a long way in business since I started writing about them over ten years ago. They started out as that spoiled generation of kids, born between about 1982 and 2004, who had everything, and could care less about business.

8 Organizational Cultures Boost Output And Cut Costs

Startup Professionals Musings

The new era of highly connected and interactive technology is changing not only how business employees interact with customers, but also how they interact with each other, and with their company.

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10 Ways To Prepare Your Team For Business Leadership

Startup Professionals Musings

The largest and most successful businesses of the past have been traditionally driven by autocratic and powerful leaders who managed a highly structured organization of subordinates.

Seismic Taps Salesforce Exec As CFO

socalTECH

San Diego-based sales and marketing software unicorn Seismic has tapped a former Salesforce executive as its Chief Financial Officer, the company said recently. According to Seismic, it has appointed Evan Goldstein to the CFO position, to oversee finance and legal functions at the company. The company--last valued at $3 billion--said the company now exceeds $300M in annual revenue run rate.

NFT Genius Raises $10.5M For NFT Marketplace Tech

socalTECH

Los Angeles-based startup NFT Genius said last week that it has raised $10.5M in a Series A funding round, for its NFT marketplace technology. The company said that its funding was led by Dapper Labs, Spartan Labs, Commonwealth Asset Management (CWAM), and Fundamental Labs, plus Spartan, One Football, and Unibanco. NFT Genius was founded by Jeremy Born, Kurt Braget, and Karl Meier.

Phase Four Taps Former NASA Chief For Board

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El Segundo-based satellite propulsion technology developer Phase Four has tapped former NASA Administrator Jim Bridenstine for its board of directors, the company said this week. According to the company, Bridenstine--who also served as a Member of Congress from Oklahoma--will join its board to bring his industry experience to the company. Phase Four is developing RF-powered thrusters for use on satellites. phase four phase4 satellite propulation executive space spaceflight bridenstine nasa

Rocket Lab Has Successful Reused Rocket Engine Test

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Long Beach-based Rocket Lab USA says it has successfully tested one of its Rutherford Engines, which was previously flown on one of its satellite launch missions. The test firing is the next step in being able to re-use the company's rocket engines, which would significantly reduce the company's cost in satellite launches. The company said its test fired the reused Rutherford Engine, which was launched on a mission in May of 2022, and caught by helicopter.

Manufactured Finds $13M In Debt, Equity

socalTECH

Culver City-based Manufactured which says it provides manufacturing, finance, and distribution for consumer brands, has raised $13M in a combination of debt and equity, the company said Thursday. According to the company, the funding came from Tenacity Venture Capital and TriplePoint Capital. The company did not say what portion of the funding was equity, and what portion was debt. The company said it has now raised $16M in total. Manufactured (MFD) is led by CEO and Founder Pranay Srinivasan.

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Ring Rolls Out New Ring Intercom Kit

socalTECH

Santa Monica-based Ring, the maker of smart doorbell and camera products, has rolled out a new smart intercom kit called Ring Intercom. The new device is specifically designed for European apartment buildings, and only provides audio--not video--with the primary advantage being that people can answer that intercom anywhere they are, rather than just in their apartment or flat. ring intercom camera doorbell europe product security

Activision: Microsoft Deal Continues, But Will Be A Slow Process

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Santa Monica-based Activision Blizzard released a letter it had sent to its employees today, where CEO Bobby Kotick said that the merger continues to be a "long process". Activision said it expects the deal to likely close in Microsoft's fisal year ending June of next year. The release came as it appears that the United Kingdom is going to send the deal for further review on concerns of the deal's impact on competition in the video gaming market.

Snap's Startup Accelerator, Yellow, Casualty Of Cuts

socalTECH

Yellow, the startup accelerator that was run by Venice, California-based Snap, has fallen on the chopping block, as a result of the cuts this week by Snap. According to an email from the director of Yellow to supporters, Snap would be "sunsetting" the program, as a result of the "efforts to increase focus" at Snap. Snap announced major cuts at the company, including slashing 20% of its employees.

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Qualcomm Sued By ARM Over Trademark Infringement

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San Diego-based Qualcomm has been sued by ARM, alleging trademark infringement and breach of license agreements. The lawsuit is related to Qualcomm's acquisition of Nuvia, a developer of custom processor cores. qualcomm trademark infringement legal processor nuvia

FaZe Clan, McDonalds In Partnership Renewal

socalTECH

Los Angeles-based gaming lifestyle and media company FaZe Clan announced today that it has renewed a partnership it has with McDonald's. Financial detail of the partnership deal were not announced.

Report: Snap Planning 20 Percent Layoff

socalTECH

A report from The Verge says that Venice, California-based Snap is planning to lay off approximately 20 percent of its employees. According to the report, the layoffs are expected to start today, and will hit the copany's hardware division, mini-app development, Zenly, and other teams particularly hard. Before the layoffs, Snap had around 6,400 employees. snap snapchat employment layoff jobs

Illumina Opens First Chinese Manufacturing Plant

socalTECH

San Diego-based Illumina said today that it has opened up its first manufacturing site in China, in Shanghai. According to the company, the new facility will allow it to localize production of its gene sequencing instruments and consumables, and is expected to become its third largest production operation globally. illumina manufacturing shanghai china

Optimal Acquires Effective Spend

socalTECH

New York- and Los Angeles-based Optimad Media, a performance marketing company which is renaming itself Optimal, said last week that it has acquired Effective Spend, an Austin, Texas-based that provides paid search, social media advertising, search engine optimization, and Amazon marketing services. Financial terms of the acquisition were not announced. Optimal is led by CEO Michael Bassik. optimal effectivespend effective spend merger acquisition paid search social media

Yotta Energy Gets $1.23M For Solar/Storage Project

socalTECH

Santa Ana-based Yotta Energy, a developer of energy storage technology, says it has received a $1.23M award from the California Energy Commission (CEC), to develop a storage and storage system in Santa Ana.

Fair Square Medicare Gets $15M

socalTECH

San Diego-based Fair Square Medicare, a startup that helps seniors find Medicare coverage, said late last week that it raised $15M in its Series A funding round. The funding was led by Define Ventures and also included Slow Ventures, YCombinator (YC) and angel investors. The company says it has now raised $19M in total. Daniel Petkevich is Founder and CEO of Fair Square Medicare. fair square medicare venture capital lifescience senior insurance

The Good Face Project Gets $5.65M For Beauty Startup

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San Diego-based The Good Face Project, a startup focused on providing data and technology around personal care products, including maintaining a database of ingredient-level data, said last week that it raised $5.65M in a seed funding. The funding was led by VMG Catalyst, and also included Spark Growth Ventures, REDO Ventures, Capsum, and angels, including John Heffner (Summer Fridays, Drybar), Romain Gaillard (The Detox Market), plus Andy Ballester (GoFundMe).

Virgin Hyperloop Moves To New HQ

socalTECH

Los Angeles-based transportation technology developer Virgin Hyperloop said this morning that it has moved its headquarters to a new, 49,862-square-foot office space in the ROW in downtown Los Angeles. The company said it signed a four-year lease on the new office. The new location is at 777 S. Alameda Street.

Outpost Lands $7.1M For Reusable Satellites

socalTECH

Santa Monica-based Outpost, a developer of what it says are "reusable" satellites, has raised $7.1M in a seed funding. According to the company, the funding came from Moonshots Capital, with participation from Draper Associates, Starlight Ventures, Kittyhawk Ventures, AIR Capital, Starburst Ventures, Shasta Ventures and others.

Draper 100

MEDU takes in $4M to develop reusable personal protective equipment

TechCrunch

In otherwise normal times, hospitals generate more than 5 million tons of waste each year, according to Greenhealth.