Sat.Apr 16, 2022 - Fri.Apr 22, 2022

How powerful has new media advertising become?

Berkonomics

We think of media advertising as either paid or free – placed by paying a fee or by a PR firm or by you at no placement cost, especially when you provide editorial content beneficial to the publisher. But now there’s new media….

10 Attributes Of The Perfect Partner For Your Startup

Startup Professionals Musings

As a long-time business advisor and angel investor, I’m a believer that “two heads are better than one” in building a new business. Very few entrepreneurs have the range of skills and experience to be the solution creator as well as business creator, or operational as well as sales leader.

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IDrive Adds Amazon S3 Compatible Storage

socalTECH

Los Angeles-based cloud storage provider IDrive Backup says that it has added new, Amazon S3 compatible storage, through a new sevice it calls IDrive e2. The company said the new service is free for the first 10GB of data, and additional storage starting at $0.004/GB/month. IDrive said it is aiming its service at hosting applications, media workflow, gaming assets, e-commerce resources, and other large volumes of data.

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Nowadays puts its spin on plant-based nuggets

TechCrunch

The alternative protein space is hot, hot, hot as evidenced by both the number of companies developing products and the venture capital going into the space.

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.

8 Aspects Of Team Well-Being Drive Business Results

Startup Professionals Musings

Every entrepreneur and business leader I know realizes that it takes a dedicated team to build and run a successful business, and nurturing that team is one of your most important priorities.

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8 Management Mistakes Which Will Defeat Your Business

Startup Professionals Musings

Even entrepreneurs who have built many startups, or sold their last one for millions of dollars, know they make occasional people leadership mistakes. They know leadership is all about managing their own complicated, illogical, and fallible human foibles, as well as the people they depend on.

More Trending

TrueCar Names Chief People Officer

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Santa Monica-based online new and used vehicle marketplace TrueCar says it has named a new Chief People Officer. According to the company, it has appointed Jill Angel as its new Chief People Officer, reporting to Mike Darrow, the President and CEO of the company.

5 Stages of Disruption Denial Cause A Startup Dilemma

Startup Professionals Musings

How many times have investors heard startups start their pitch by touting that their technology is “disruptive?”

Clearlake's Precisely Gets New Funding

socalTECH

Burlington, Mass-based Precisely, a developer of data integrity software, which is backed by Santa Monica-based private equity investor Clearlake Capital Group, has received new funding. According to the company, Insight Partners and Partners Group have joined Clearlake, TA Associates and Centerbridge Partners, to back the company in a strategic funding. The details of the strategic investment were not announced. Clearlake and TA Associates acquired Precisely in 2021.

Wallaby Medical Acquires Phenox

socalTECH

Laguna Hills-based medical technology company Wallaby Medical said on Thursday that it has acquired phenox GmbH, a German company developing technology in the neurovascular area. According to the company, it is paying approximately EUR 500 million for phenox. According to Wallaby, Prof. Dr.-Ing. Hermann Monstadt, Founder of phenox, will assume the role of Managing Director of phenox. Wallaby Medical is developing and commercializing neurovascular interventional products for treating stroke.

Foreclosures Hit Post Pandemic Highs

socalTECH

Irvine-based ATTOM, which provides foreclosure data and also runs RealtyTrac, says that U.S. foreclosure activity has set a new, post-pandemic high. According to the company, there were a total of 78,271 U.S. properties with a foreclosure filing during the first quarter of 2022, up 39 percent from the previous quarter and up 132 percent from a year ago.

Nuuve In MOU With DOE On Vehicle-to-Grid Efforts

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San Diego-based cleantech developer Nuvve Holding Corp., which is working on vehicle-to-grid (V2G) technology to store energy in things like bus fleets to help supply the grid in overnight hours with clean energy, said it has signed a Memorandum of Understanding (MOU) with the U.S. Department of Energy (DOE).

Peeq Names CFO

socalTECH

Los Angeles-based Peeq, a startup which helps creators and celebrities engage with their fans through one-on-one sessions with those celebrities, special content, and other experiences, says it has named Ommid Bavarian as the company's CFO. Bavarian previously was at such companies as Raytheon, Dover Corporation, Amcor, Orora, and Ernst & Young, as well as seven years in the private equity business. Peeq is led by CEO Pete Hayes. peeq executive creator celebrity fans ommid bavarian

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Vinohead Targets Millennials, Gen-Z Through Wine Drops

socalTECH

A new, Los Angeles startup, Vinohead, said on Wednesday that it has launched a new service which allows Millenials and Gen-Z to buy wine, direct, from single wineries through sales "drops". The startup said it has launched a beta for something it calls its "X-Drop", where it will offer up exclusive wines to consumers. The company said its first "drop" started yesterday, in a partnership with Chosen Family Wine to release its 2019 Willamette Valley Pinot Noir.

Chipotle Launches $50M Venture Fund, Cultivate Next

socalTECH

Newport Beach-based Chipotle has launched a new, $50M venture capital fund, which it says will make early-stage investments in seed to Series-B companies. The fast casual restaurant chain said the new "Cultivate Next" venture fund will be funded entirely by the restaurant chain, and initially focus on startups who are developing technology and innovation for its restaurants. The new venture unit was announced by Chipotle Chief Technology Officer Curt Garner.

Superjoi Takes $2.5M For Crowdfunding Creators

socalTECH

West Hollywood-based Superjoi, a new startup which operates a service to help creators raise money from their fans for projects, disclosed today that it has raised $2.5M in a pre-seed funding round. The funding included Ascension Ventures, QED Investors, Systema VC, Tomahawk and Modern Venture Partners. The startup is led by co-founder and CEO Chris Knight. superjoi venture capital crowdfunding creator hollywood

Camino Financial Names New VPs

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Los Angeles-based AI-powered fintech startup Camino Financial says it has appointed a new set of VPs this week, as it expands its executive team. According to Camino Financial, it has named Shaja Selvamani as Vice President of Data Science, and Richard Solomon as Vice President of Credit Risk and Portfolio Management.

Greycroft Leads $20M Funding For prezent.ai

socalTECH

Los Angeles-based venture capital investor Greycroft Partners is the lead investor in a Silicon Valley startup's Series A funding. According to prezent.ai, it raised $20M in a Series A funding round, which was led by Greycroft and also included WestWave Captial and Emergent Ventures. The company said it is developing an artificial intelligence powered "presentation productivity platform" for businesses. Greycroft's investment in prezent.ai

Beachbody Loses President, CFO

socalTECH

El Segundo-based subscription health and wellness company The Beachbody Company announced late Tuesday that its President and CFO, Sue Collyns, is leaving the company. According to Beachbody, Collyns will "transition to a new chapter of opportunities in both the for-profit and non-profit sectors." Collyns will be replaced by Marc Suidan, former Partner at PricewaterhouseCoopers. The company said that Collyns will provide advisory services to the company until May 31, 2023.

Report: Delta Testing Starlink For In-flight Internet

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Delta Air Lines is testing out Starlink, the satellite-based Internet service run by Hawthorne, California-based SpaceX, according to the WSJ. According to the report, Delta CEO Ed Bastian says that Delta has held talks with SpaceX, and has been conducting exploratory testing of Starlink for its planes. delta starlink satellite internet elon musk airlines aviation

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Viasat Expands In The UK

socalTECH

Carlsbad, California-based satellite communications provider Viasat says it is expanding in the United Kingdom, saying this morning that it has joined the Space Cluster on the Harwell Science and Innovation Campus in Farnborough, UK. According to Viasat, its new office will help it support new technology and research partnerships in the UK. Harwell is known as a location for aerospace companies, and is the home of the UK Space Agency and the European Space Agency.

Starburst Lauches $1M In Prizes For Space Health Challenge

socalTECH

El Segundo-base aerospace accelerator Starburst, along with partners Boryung and Axiom said they have launched a new challenge, which will offer up $1M in total prizes to be split between 10 startups working on technology to "optimize human health for space travel and habitation" or are manufactured in space to advance healthcare here on Earth.

Stem Finds $20M For Music Payments

socalTECH

Los Angeles-based Stem, a startup which provides independent record labels with tools to help manage payments to music artists, has raised $20M in a new funding round, the company disclosed late Monday. The funding was led by QED Investors, and also included Block, Slow Ventures, and Quality Control. The company says it has now raised around $40M. The startup is led by co-founder and CEO Milana Lewis. stem venture capital music payment record label fintech entertainment content

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European EV Battery Startup Founder Plans Effort In Imperial Valley

socalTECH

A founder of two, European electric vehicle battery startups, Lars Carlstrom, has announced a plan for a third, Lithium battery startup, this time located in the Imperial Valley. According to Carlstrom, who previously founded two EV battery companies--Britishvolt and Italvolt--he is launching a new startup called Statevolt, which plans to develop a 54GWh "gigafactory" to build Lithium batteries for the North American market.

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Trust Snags $30M In Equity, Debt

socalTECH

Los Angeles-based Trust, a fintech startup which helps emerging brands with extended payment terms and other services, said today that it has raised $30M, split between $25M in debt and $5M in equity. The $25M in debt funding came from Upper90, and the additional $5M in equity came from Sapphire Sport and Michael Vaughan (former COO of Venmo). Trust had previously raised equity from Lerer Hippeau, Lightspeed Venture Partners, Manta Ray, Sapphire Sport, Upfront Ventures, and Upper90.

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Crexi Rolls Out Android App

socalTECH

Los Angeles-based real estate marketplace Crexi said today that it has launched a new app for Android. According to the company, the app allows its users to discover commercial real estate properties for sale and lease nationally, and connect with the appropriate brokers instantly. The company already has an iOS app, which it launched a year ago; the company said that app has seen over 60,000 downloads. Crexi is led by founder and CEO Mike DeGiorgio.

HyperX Sponsors New Meta Entertainment

socalTECH

Los Angeles-based HyperX, which develops gaming accessories, says it has extended a sponsorship with New Meta Entertainment (NME). New Meta Entertainment runs esports companies Dignitas and new women in gaming media platform Raidiant. Financial details of the sponsorship were not announced. HyperX said the sponsorship expands its company's initiatives to uplift women gamers, with the compan becoming the official peripheral partner of Raidiant, with notable focus on desktop microphones.

Wavemaker 360 Adds New Venture Partner

socalTECH

Pasadena-based healthcare venture fund Wavemaker Three-Sixty Health says it has named a new venture partner to the firm. According to Wavemaker 360, it has added Monica Jain, M.D., as a venture partner, to add clinical expertise to its ranks. Jain is a surgeon and the urgical Innovation Officer at Cedars-Sinai Medical Center. Wavemaker 360 in vests in startups across the areas of health-tech, digital health, medical device, telehealth, pharma-tech, science and marketplaces.

CarParts.com Names New CTO

socalTECH

Torrance-based online auto parts e-commerce company CarParts.com says this morning that it has named Kals Subramanian as its Chief Technology Officer. Sabramanian was most recently Vice President of eCommerce Technology at Lowe's, and previously served at Best Buy and Target. CarParts.com said that the hire is the first by new CEO David Meniane. The company's prior CTO shifts to the role of Chief Information Officer. carparts executive kals subramanian ecommerce

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