Sat.Oct 30, 2021 - Fri.Nov 05, 2021

Rocket Lab’s Peter Beck Shares Why He Keeps Things Complex

L.A. Business Journal

Peter Beck realized space flight was his dream while looking at the night sky as a toddler with his dad

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Five ways to make and execute a great plan

Berkonomics

It is all about execution. Waiting over a year to see results is too long, since your chance of mid-course correction is greatly reduced. To make the point, Harvard’s Robert Kaplan believes that less than 10% of corporate strategies are effectively executed. If that is true, we are tolerant bunch.

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6 Leadership Skills Every Entrepreneur Must Acquire

Startup Professionals Musings

Starting and building a company is all about leadership – formulating an idea, building a unique plan based on vision and experience, and forging a path over and through all obstacles.

Huckleberry Connects With $12.5M For Baby Sleep Advice App

socalTECH

Irvine-based Huckleberry, a developer of an artificial intelligence-driven app which helps parents with pediatric sleep advice, says it has raised $12.5M in a Series A funding. The funding was led by Morningside Ventures and also included Spero Ventures and Tamarisc VC. The company says the round brings its total raised to $16M. Huckleberry's app provides advice to new parents on how to manage the sleep patterns for newborns and even older children.

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.

Open Blends Mindfulness With Tech

L.A. Business Journal

After years of working with major companies and startups in the busy tech ecosystem of San Francisco, Raed Khawaja needed to take a deep breath

Latest Post-COVID Trends in the Telecom Sector

Southern California Edison Blog

Although the bulk of the COVID-19 pandemic has passed, lingering effects in the form of ongoing remote work and network usage will continue to influence how telecom operators operate.

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Model Medicines Takes $4.1M

socalTECH

San Diego-based Model Medicines, a company that is developing artificial intelligence and machine learning software for the drug discovery and development process, has raised $4.1M in a funding round. The funding came from 8VC, Irving Investors, Particle X and Nex Cubed. According to the company, it will use the funding to develop its therapeutic pipeline.

SunGreen Integrates Energy Management With Solar Installation for Commercial Customers

L.A. Business Journal

When it launched 12 years ago as a solar panel installation spin-off business, Pasadena-based SunGreen Systems Inc.could have tried to compete with major players in the residential solar rooftop market

Addressing Cyber Security Threats in the Telecom Industry

Southern California Edison Blog

Telecom operators face a variety of security-related vulnerabilities stemming from the overall complexity of their infrastructure, supply chain problems, network misconfigurations, and privacy concerns.

6 Ways To Turn Business Adversity Into a Step Forward

Startup Professionals Musings

Every entrepreneur and business owner I know has had more setbacks than they would like to admit, in this age of rapid change and constant surprises, like the current pandemic.

HyreCar Partners With AmeriDrive, Cogent Bank

socalTECH

Los Angeles-based automotive sharing marketplace HyreCar said this week that it has expanded its partnerships with AmeriDrive and Cogent Bank, to help increase its car supply. AmeriDrive Holdings is an automotive mobility fleet manager, and Cogent Bank is a provider of financing. Financial details of the partnership were not announced.

DwellWell Takes Mystery Out of Homebuying

L.A. Business Journal

For Samantha Carow, purchasing a house seemed like a mystery

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Precellerator Program Virtual Demo Day

SoCal Tech Calendar

Thursday, November 4, 2021 --.

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Factual Data On Popular New Venture Success Timelines

Startup Professionals Musings

Every startup founder knows implicitly that startup success is a long hard road. Yet we always dream that we are the exception to the rule. So once in a while it’s good to look at some facts to temper our imagination.

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Vivera Pharmaceuticals Names Legal Head

socalTECH

Newport Beach-based Vivera Pharmaceuticals said this week that it has named Sahar S. Pugh as the company's General Counsel and Vice President of Legal Affairs. The pharmaceuticals company said that Pugh previously was at Milstein, Jackson, Fairchild & Wade, LLP, and that she has nearly two decades of experience in practicing law. Vivera says it holds patents for a sublingual drug delivery system for pharmaceutical use, as well as patents on a smart dose-controlled medical device.

Stamps.com Chief Executive Steps Down After 20 Years, Names Replacement

L.A. Business Journal

Ken McBride will remain on Stamps.com's board and will assist incoming Chief Executive Nathan Jones with the transition through the end of the year

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Tech And Remote Work: Four Things You Need To Know About Tech Salaries

AllTopStartups

In 2021, the new normal has forced organizations to implement new strategies and policies. Tech professionals are in-demand and have helped organizations to survive.

10 Ways To Get Tagged As High-Potential In A Startup

Startup Professionals Musings

Everyone knows that startups are risky, but they also expect that the job will be exciting and potentially very lucrative (think early employees at Facebook and Google).

REAL Aims Platform At Creators

socalTECH

A new, Los Angeles-based startup, REAL says it has launched a new, online platform that lets creators offer up exclusive content to their fans, using their own currency. The startup said it lets creators sell their own "coin" to fans, which will give fans access to special content. The startup is led by CEO and founder Ian McLoughlin, who previously founded LiquidSky.tv, and edge cloud computing service acquired by Walmart.

Hofy Equips Remote Workers

L.A. Business Journal

At the start of 2020, Sami Bouremoum was working on a micromobility startup for short commutes

AKUA lands $3.2M to turn kelp into burgers

TechCrunch

The global meat substitute market was valued at $4.51 billion two years ago and is expected to double by 2027, attracting startups, like alternative meat food tech company AKUA , that aim to solidify a prominent place in the up-and-coming industry.

Snap Stock Falls 22% After Announcing $1B Third Quarter Earnings

L.A. Business Journal

Snap Inc. announced earnings of more than $1 billion for the third quarter in its quarterly report on Oct. 21, but new Apple Inc. data collection rules and the company’s acknowledgment of supply chain issues that carry industrywide repercussions prompted its stock prices to fall

TrueCar Revenues Hit By Vehicle Inventory, Semiconductor Shortage

socalTECH

Los Angeles-based automotive marketplace operator TrueCar released a highlight of its results last night, saying that the firm's revenues were down 28.8% year-over-year, and 16.4% sequentially, due to what the company said was limited new vehicle inventory from the ongoing automobile semiconductor shortage. TrueCar said it had a net loss of $6.8 million compared to net income of $11.6M in the third quarter of 2020.

Biolinq Adds $100M for Glucose Monitoring Sensors

socalTECH

San Diego-based Biolinq, a developer of continuous glucose monitoring sensors, said earlier this week that it has raised $100M in a Series B funding round.

Section 32 Raises $740M For Fourth Venture Fund

socalTECH

San Diego-based venture capital investment firm Section 32, led by former Google Ventures founder Bill Maris, has raised $740M in its fourth venture capital fund, the company said this morning. According to Section 32, the new fund included investors from philanthropic and non-profit organizations, educational endowments and foundations, and leaders from the technology and healthcare sectors.

Afterparty Snags $3M For NFT Creation Platform

socalTECH

Los Angeles-based Afterparty, which is developing an platform which the company says helps creators launch their own NFTs, says it has raised $3M in a seed funding round. The funding was led by Acrew Capital and TenOneTen Ventures with participation from Palm Tree Crew, Act One Ventures, Hex Capital, Red Light Management, plus angels Dylan & Brandon Lee, Louis Beryl, Dave Bonanno, Craig Clemens, Reade Seiff and Alex Kassan.

Electrical Grid Monitoring Snags $17.5M

socalTECH

Electrical Grid Monitoring (EGM), an Israeli developer of electric grid monitoring products which has its U.S. headquarters in Los Angeles, says it has raised $17.5M in a funding round. The funding was led by Energy Growth Momentum. According to Electrical Grid Monitoring, it will use the funding to launch its entry into the utility grid modernization market in the US. EGM's efforts in the US are being run by Dr. Alex Levran, who serves as CEO of EGM, Inc.

Rivian Nears IPO, Eyes $55 Billion Valuation

socalTECH

Irvine-based electric vehicle maker Rivian is nearing its IPO, saying in a filing this week that it plans to offer up 135 million shares of its stock at between $57 to $62 per share. The company is expected to potentially hit the market next week. The pricing gives Rivian a valuation of as much as $54.6M, with the IPO bringing in as much as $9.6 billion in cpiatl from the company. Rivian has applied to list on the Nasdaq as RIVN.

SecureAuth Acquires Acceptto

socalTECH

Irvine-based SecureAuth, a developer of identity and access management software, said today that it has acquired Acceptto, a developer of passwordless authentication and behavioral modeling software. Financial terms of the acquisition were not announced. Both companies are involved in the area of "passwordless login" which continually authenticates users based on artificial intelligence software. SecureAuth is led by CEO and Executive Chairman Ravi Khatod. Acceptto is based in Portland, Oregon.

Spartan Race Teams With FAST Studios For Streaming Channels

socalTECH

Los Angeles-based companies Spartan Race, the sport and wellness brand, and venture studio FAST Studios said on Monday that the two are launching a new, linear streaming channel called SpartanTV. FAST Studios is a venture studio co-founded by Michael Montgomery, Stuart McLean, Rocco Benetton, Alex Ramlie, Charlie Windisch-Graetz, and Leigh Radford. The two said that their new, 24/7 ad-supported free streaming channel is being sponsored by Air Force Special Warfare.

The Beachbody Company Names International Partnership Head

socalTECH

Santa Monica-based subscription health and wellness service The Beachbody Company said Monday that it has named Jean-Michel Fournier as President, Global Partnerships and Corporate Development. According to the company, Fournier will lead its global partnership and international development efforts. Fournier previously was CEO of Les Mills Media.

Miso Robotics Launches Next Generation Robot

socalTECH

Pasadena-based robot developer Miso Robotics, which develops robots designed for use in assisting in preparing food in quick server restaurants, says it has introduced its next generation product, Flippy 2. According to the company, the updated version of its robot was developed based on feedback from its partner, White Castle.

Shoreline Biosciences Finds $140M

socalTECH

San Diego-based Shoreline Biosciences, a developer of cell immunotherapies for treating solid tumors and hematologic malignancies, has raised $140M in a financing round, the company said today. The funding was led by Ally Bridge Group, and also included new investors Eventide Asset Management, BeiGene, Irving Investors, Kingdon, NS Investment, Piper Heartland Healthcare Capital, and Superstring, along with current investors Boxer Capital, BVF Partners, L.P.,

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DGene Snags $20M For Film Restoration Software

socalTECH

DGene, a content creation company which has a team in Los Angeles, but is based in San Jose, says it has raised $20M in a Series A funding. The company said it is building software "to expand creativity and redefine virtual production and immersive entertainment". The funding was led by Alibaba Group. DGene says it is using artificial intelligence for content creation and restoration.

Type:A Brands Gets Investment From NBA Star, Wife

socalTECH

Los Angeles-based Type:A Brands, a maker of sweat free deodarant and other body care products, has scored an investment from NBA player Chris Paul and his wife Jada Paul. Sizeo f the investment was not announced. According to the company, the investment came from "Jada's passion and desire to get involved with the brand in a deeper way". Jada Paul will become a strategic advisor to the company.

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Fender Music Buys Presonus Audio

socalTECH

Hollywood-based musical instrument manufacturer Fender Musical Instruments Corporation says it has acquired PreSonus Audio Electronics, a Baton Rouge, Louisiana-based brand which designs and manufactures recording and live sound hardware and software. Financial details of the acquisition were not announced. PreSonus was founded in 1995 by Jim Odom and Brian Smith.