Sat.May 23, 2020 - Fri.May 29, 2020

Framework Benchmarks Round 19

TechEmpower

Round 19 of the TechEmpower Framework Benchmarks project is now available! This project measures the high-water mark performance of server side web application frameworks and platforms using predominantly community-contributed test implementations.

As fashion has its metaverse moment, one app looks to bridge real and virtual worlds for sneakerheads

TechCrunch LA

Fashion is having its moment in the metaverse. A riot of luxury labels, music, and games are vying for attention in the virtual world. And as physical events and the entertainment industry that depends on them shuts down, virtual things have come to epitomize the popular culture of the pandemic.

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Should you cast your net where the big fish swim?

Berkonomics

This is one of those “My dad used to say” homilies. You’ve probably heard the accompanying “It takes just as much effort to sell a small deal as a big one,” over the years. It is not that simple in the business world. The truth of this is more nuanced.

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Best Alternatives to the Amazon Affiliate Program

Tech.Co

Jeff Bezos didn't get to be the world's richest man by writing a lot of checks, and one recent way to keep Amazon's profits healthy has been to cut its affiliate commissions scheme.

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.

How To Reinvent Yourself As A Business Startup Today

Startup Professionals Musings

The era of stable lifetime jobs for business professionals within a single company are gone. Companies are rightsized quickly now as markets change rapidly, and business professionals are quick to jump to new opportunities for growth and survival, with no ties to special benefits or pension plans.

Tapcart Gets a Big Boost for Its App

L.A. Business Journal

Santa Monica-based ecommerce startup Tapcart Inc. has raised $10 million in a Series A round led by San Francisco-based SignalFire

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Viacyte Adds $27M to Move Ahead Trio of Stem Cell Diabetes Treatments

Xconomy

Privately held biotech ViaCyte has banked $27 million, the majority an installment of cash from a tranched $80 million Series D financing round it closed in late 2018.

6 Strategies For Startup Exit That Investors Accept

Startup Professionals Musings

The last thing a new entrepreneur wants to think about for a new startup is how it will end. Yet one of the first things a potential equity investor asks about is your exit strategy.

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Crisis Speeds Growth Among Gaming Companies

L.A. Business Journal

Gaming companies, already a nimble bunch, are adapting and even thriving in a Covid-19 world

Two Bit Circus Foundation, Annenberg Offer Up Free STEAM Projects

socalTECH

Los Angeles-based Two Bit Circus Foundation , the nonprofit, educational organization associated with Two Bit Circus , says it is partnering with the Annenberg Foundation 's educational division, Annenberg Learner , to provide access to more than 150 hands-on science, arts, and tech projects. The projects--all focused on STEAM (science, technology, engineering, art, and math) content--are aimed at educators, parents, and children.

The Mindset of an Investor Today: Ben Narasin, Venture Partners, NEA

SoCal Tech Calendar

Wednesday, June 3, 2020 -- The Mindset of an Investor Today. Join Peter Cowen (Managing Director, Sutton Capital Partners) as we explore what SaaS investors are looking for in the current climate. Sutton Capital Partners and the Recurring Revenue Conference. 6/3/20 - Ben Narasin, Venture Partners, NEA. See [link] (more

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6 Keys To Startup Wins Without Disruptive Innovation

Startup Professionals Musings

As an investor, innovation is a term I certainly like to hear these days, but many of you entrepreneurs try to take it to the next level, by claiming to have a “ disruptive innovation.”

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Mayer Leaves Disney to Lead TikTok as CEO

L.A. Business Journal

Kevin Mayer, a longtime Walt Disney Co. executive, has left the company to become chief executive of TikTok, the rapidly growing short-video platform owned by Chinese startup ByteDance Ltd

Snap To Run Partner Summit Online

socalTECH

Santa Monica-based Snap Inc. said today--unsurprisingly--that it will run its annual partner summit online. Snap said its Snap Partner Summit will take place virtually on June 11th, and will features video keynotes as well as video breakout sessions. The company said those keynotes will feature Snap Inc. co-founders Evan Spiegel, Chief Executive Officer, and Bobby Murphy, Chief Technology Officer, along with others.

The Egg Wants to Make Entrepreneurship More Accessible For Students

AllTopStartups

Just months ago, COVID-19 began to disrupt society and business in more ways than we could have ever anticipated.

7 Reasons To Avoid Stealth Mode For Your New Venture

Startup Professionals Musings

It’s still popular these days for startup founders to operate in stealth mode, meaning no details about the idea or progress are shared with anyone until the big reveal and rollout. The common reason given is that this prevents any competitor from stealing their idea and beating them to market.

Tapcart Gets a Big Boost for Its App

L.A. Business Journal

Santa Monica-based ecommerce startup Tapcart Inc. has raised $10 million in a Series A round led by San Francisco-based SignalFire

Fernish Finds $15M For Furniture Rentals

socalTECH

Los Angeles-based Fernish , a direct-to-consumer furniture rental company, said on Wednesday that it has raised $15M in a Series A funding round.

AbbVie Wins First FDA Approval of Drug to Treat Uterine Fibroid Bleeds

Xconomy

An AbbVie drug that treats pain in the uterus has notched an additional FDA approval for addressing heavy menstrual bleeding associated with uterine fibroids.

9 Subscription Model Variations To JumpStart Growth

Startup Professionals Musings

Every new business quickly realizes that revenue coming in every period on a committed basis is the Holy Grail to survival and growth. Based on traditional research, getting new customers is five to ten times harder than getting additional revenue from existing customers.

Motiv Rolls Out Robotic Space Arms

L.A. Business Journal

Motiv Space Systems Inc., a Pasadena-based space motion control and robotics company, has developed a modular robotic arm system that can perform on-orbit assembly and satellite servicing tasks

Platform Science Picks Up $42M For Fleet Management

socalTECH

La Jolla-based Platform Science , a developer of fleet management software and technology, has raised $42M in a Series B funding, the company disclosed recently. The funding was led by Prologis, and also include Daimler Trucks AG, 8VC, NewRoad Capital Partners, Schematic Ventures, and Cambridge Capital. Platform Science had announced a partnership with Daimler Trucks North America, along with Daimler's participation in its Series B, at the beginning of May.

4 Ways to Increase your Enterprise’s Network Reliability

Southern California Edison Blog

According to Gartner, downtimes cost enterprises an average of $5,600 per minute or $336,000 per hour 1. To prevent this, enterprises require strong network setups and access to the right expertise to promote network reliability. .

New webinars: Simple Signaling Reporter Assays & Reducing Attrition From Drug-induced Liver Injury

Xconomy

Xconomy Insight is excited to offer two special webinars to our community this June. Sponsored by Eurofins, registration is free to all.

UpKeep Technologies Hits $49 Million in Funding

L.A. Business Journal

UpKeep Technologies Inc., the Westwood-based work-order management software developer, said it has raised $36 million in a Series B, bringing the company’s total funding to $48.8 million

Qualigen In Reverse Merger, Raises $4M In Private Placement

socalTECH

Carlsbad-base Qualigen , a developer of products for the treatment of cancer and infectious diseases, said this morning that it has completed its merger with publicly traded Ritter Pharmaceuticals (RTTR). The companies said the newly merged company will operate under the name Qualigen Therapeutics, Inc., and the newly merged company will begin trading on the Nasdaq Capital Market today under the symbol QLGN.

Mayer Leaves Disney to Lead TikTok as CEO

L.A. Business Journal

Kevin Mayer, a longtime Walt Disney Co. executive, has left the company to become chief executive of TikTok, the rapidly growing short-video platform owned by Chinese startup ByteDance Ltd

Apeel Sciences Snags Massive $250M Funding

socalTECH

Goleta-based Apeel Sciencs , a startup developing technology which coats fresh fruit and vegetables with what it calls an "extra peel" to help preserve fruit for longer, has raised a huge, $250M funding round, the company said on Tuesday. The funding was led by GIC. The funding--which values the company at over one billion dollars--adds the company to Southern California's list of "unicorn" companies.

SpaceX Starship Explodes During Test Firing

socalTECH

Hawthorne-based SpaceX has seen another setback in their efforts to develop its next generation Starship, after a full size prototype of the SpaceX Starship exploded after a test firing of its Raptor engines. Videos show the Starship exploding at SpaceX's test site at Boca Chica, Texas at 1:49 p.m. CDT, with debris falling all around the test site. The Starship is intended to eventually replace the Falcon 9 and Dragon, and is expected to be the basis for SpaceX's plan to deliver humans to Mars.

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Maple Media Acquires NOAA Hi-Def Radar App

socalTECH

Los Angeles-based mobile app developer Maple Media says it has acquired the mobile application NOAA Hi-Def Radar , which provides weather information, from The E.W. Scripps Company. Financial terms of the acquisition were not announced. NOAA Hi-Def Radar had been acquired by Scripps in 2014, after Scripps acquired WeatherSphere. According to Maple Media, NOAA Hi-Def Radar is one of the highest grossing weathers apps on the App Store, and provides radar, forecasts, and alerts.

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Workspace Gets Funding From ASG

socalTECH

Newport Beach-based WorkSpace , a developer of software used by commercial real estate teams to manage their operations, has received funding from ASG , a backer of software-as-a-service companies. Size and terms of the investment were not announced. According to Workspace, the additional capital also comes as it has hired a new President, Chief Operating Officer, VP of Sales, and VP of Engineering. WorkSpace was founded by Alan Bedekar.

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Morse Micro Sets US HQ, Names Broadcom Vet As COO

socalTECH

Morse Micro , an Australian developer of low power, Wi-Fi integrated circuits, says it has set up a new U.S. headquarters in Irvine, and named longtime Broadcom veteran Vahid Manian as the company's Chief Operating Officer (COO). According to Morse Micro, the company plans to grow its team at its new Irvine headquarter, along with in Sydney Australia. Morse Micro says Manian will let its key sales, marketing, applications, and operation s teams.

Loop Media Partners With Drone TV

socalTECH

Glendale-based Loop Media , which develops short-form video for online and app streaming, says it has partnered with Drone TV, a streaming channel for aerial videos from around the globe. Financial terms of the partnership were not announced. Loop Media said it will provide access to Drone TV's high quality drone-recorded videos, both for its business and consumer platform. Loop Media is a wholly owned subsidiary of Interlink Plus, Inc. READ MORE>>. loop media video streaming aerial content

Stackin' Picks Up $12.6M

socalTECH

Los Angeles-based Stackin' , which operates a text-based, financial messaging platform which provides information to subscribers on how to save money, reduce debt, and start investing, has raised $12.6M in a funding round, the company said this morning. The funding was led by Octopus Ventures, and also included Experian Ventures, Cherry Tree Investments, Dig Ventures, Mucker Capital, Unlock Venture Partners, TechStars and Wavemaker Partners.

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SpaceX's Next Attempt On Saturday, After Flight Scrubbed Wednesday

socalTECH

Hawthorne-based SpaceX and NASA will re-attempt the first launch of satellites into space on the SpaceX Crew Dragon and a Falcon 9 on Saturday, after being forced to scrub their Wednesday launch. Inclement weather, including nearby thunderstorms and rain, forced SpaceX to halt its launch efforts 16 minutes before launch. There is also another possible launch window on Sunday, in case of any additional issues for the launch on Saturday. The mission will take two NASA astronauts, Col.

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Newegg Ramps Vendor Services To Include Direct-to-Consumer Marketing

socalTECH

Los Angeles-based online e-commerce retailer Newegg says it is expanding its services to help its vendors, with a new "Direct-to-Consumer" initiative. According to Newegg, the effort helps its vendor partners "maximize their reach" within the Newegg platform. Newegg said it will provide everything from marketing to merchandising to logistics for those vendor partners. Pricing on the new service were not announced.

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