Sat.Sep 12, 2020 - Fri.Sep 18, 2020

Darkstore launches FastAF app for same-day product delivery

TechCrunch LA

Darkstore, the tech-driven fulfillment solution to enable e-commerce companies to offer same-day delivery, has just released a consumer-facing app called FastAF. Right now, the app is only available in Los Angeles.

Entrepreneurs do not easily retire.

Berkonomics

So, you’ve successfully sold your business and have received enough money from the sale to become financially independent, no longer having to work for a living. That is a comfortable place to be, and it is one experienced by more and more people, especially in technology-based businesses.

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LA’s Burgeoning Agtech Industry Sees Green Acres Ahead

L.A. Business Journal

While plenty of tech companies are interested in filling up consumers’ feeds, some are more interested in feeding consumers

7 Types Of People Who Get Results With Minimal Motion

Startup Professionals Musings

Isn’t it amazing that some people you know always seem to be working hard, but never seem to get anything done? As an entrepreneur, you need to avoid partnering with these people, or hiring them into your startup. The challenge is to find people who get things done, as well as work hard.

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.

Beyond Meat is introducing pre-packaged meatballs at stores across America

TechCrunch LA

Indulging in American food companies’ favorite pastime of marketing innovations that no one needs but potentially everyone wants, Beyond Meat is launching Beyond Meatballs in grocery stores nationwide this week.

8minute Solar Energy Opens New 67 Megawatt Solar Farm

socalTECH

Los Angeles-based solar power developer 8minute Solar Energy said on Wednesday that it has opened up a new, 67 megawatt solar farm in Madera County, which will power more than 12,000 households. According to the company, the Lotus Solar Farm is supplying power to the area via a 20-year, power purchase agreement (PPA) with Southern California Edison. 8minute Solar Energy did not say how much that PPA is worth.

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A Fearless Leader’s Mindset Will Conquer Any Obstacle

Startup Professionals Musings

The cost of entry to the entrepreneur lifestyle is at an all-time low, but the challenge of winning and success is at an all-time high. Anyone can build a new web site, or publish a smartphone app for a few thousand dollars, but getting market penetration requires a lot more.

Dyne’s Upsized IPO Brings In $233M for Muscle Disorders Drug R&D

Xconomy

Dyne Therapeutics, a company developing genetic medicines for rare muscular disorders, has raised $233 million in an IPO that topped the preclinical-stage biotech’s projections. Late Wednesday, Dyne priced its offering of about 12.3 million shares at $19 each.

QualityWorks Offers Up Free Bootcamp For BIPOC Community

socalTECH

Los Angeles-based software company QualityWorks said this week that it is offering up a free, bootcamp for people in the BIPOC (Black, Indigenous, People of Color) community, to learn about software testing. According to QualityWorks, it is running a free, six-week Agile Testing Bootcamp aimed at helping individuals with non-technical backgrounds gain high-paying, high-demand technical jobs in software test.

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TikTok Rejects Microsoft, Partners With Oracle

L.A. Business Journal

TikTok’s parent company, Beijing-based ByteDance Ltd., has rejected the acquisition proposal from Microsoft Corp. and reportedly accepted a bid from Oracle Corp

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7 Keys To Being Willing To Risk Your Neck In Business

Startup Professionals Musings

Willingness to take a risk is the hallmark of a serious entrepreneur. That’s why one of the first questions that potential investors ask is “How much of your own money, and friends and family, have you put into the new business?” If you won’t risk yours, you won’t get investors to risk theirs.

Moderna CMO Talks COVID-19 Vaccine at Xcelerate Next Week

Xconomy

The Xcelerate Keynote Series has added Moderna CMO Tal Zaks to the expert lineup of speakers set to present next Monday, Sept.

Nuvve Connects Into Grid Balancing Efforts

socalTECH

San Diego-based green energy technology developer Nuvve , which is developing vehicle-to-grid load balancing technology, says it has started participating in California's wholesale energy markets, via an effort with the University of California San Diego. Nuvve said it has begun delivering power to San Diego Gas & Electric (SDG&E) and the electrical grid, using a large, stationary battery which is installed on the UC San Diego campus migrogrid.

CropSwap App Connects Local Farmers, Consumers

L.A. Business Journal

Silver Lake-based CropSwap Inc. is trying to move farmers markets onto a mobile app

8 Strategies To Satisfy Investors You Are Accountable

Startup Professionals Musings

Maybe it’s just me, but I sometimes feel that accountability is a rare talent in business today. In big businesses, people are quick to defer with “that’s not my department,” and even startup founders too often blame failures on the economy or the lack of investors.

Bio Roundup: SeaGen Scores, Dyne’s Debut, Microbiome Moves & More

Xconomy

Gilead Sciences CEO Daniel O’Day has spoken openly about acquisitions as a way to build up the company’s drug pipeline. This week, it made its biggest buy yet. The $21 billion Immunomedics acquisition brings to Gilead a cancer drug that many analysts project will become a blockbuster seller.

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Veritone Wins $1.3M In Air Force Subcontracts

socalTECH

Costa Mesa-based artificial intelligence software developer Veritone says it has been awarded $1.3M in subcontracts from a U.S. Air Force program, where its software will support an effort to enhance satellite imagery analysis. Veritone said it was awarded the $1.3M for software license and technology development services in support of the Air Force's innovation unit's (AFWERX) Small Business Innovation Research (SBIR) program. The prime contractor on the contract is alYnmnt.

Graze Makes the Cut with Robotic Mowers

L.A. Business Journal

Santa Monica-based Future Labs V Inc., which does business as Graze, wants to revolutionize the landscape industry with its robotic lawn mowers

6 Ways To Make Customers Remember You As Exceptional

Startup Professionals Musings

For decades, efforts to satisfy customers have been built around demographics – capitalizing on race, ethnicity, gender, income, and other attributes. Today, in this age of pervasive social media and two-way communication, the focus needs to get beyond demographics into personalities.

Join Xconomy Next Week at the Virtual Xcelerate Keynote Series at Biotech Week Boston

Xconomy

Presented by Xconomy, the online Xcelerate Keynote Series at Biotech Week Boston on Monday, Sept. 21 places a spotlight on life science leaders who are breaking new ground with methods and solutions in R&D, planning, and production that are improving patient outcomes.

Stemson Therapeutics Finds $7.5M For Hair Loss Cure

socalTECH

San Diego-based Stemson Therapeutics , a startup working on therapies to cure hair loss, has raised $7.5M in a seed funding round. The funding came from Allergan Aethetics and Fortunis Capital. According to the company, the new funding will go to advance development of its therapeutic solution to cure hair loss. The funding from Fortunis Capital came out of its Impact Fund.

Million Girls Moonshot Aims At STEM Learning For Girls

socalTECH

A new effort, out of San Diego, the Million Girls Moonshot , launched this morning, backed by The Intel Foundation and the Gordon and Betty Moore Foundation plus the STEM Next Opportunity Fund and the Charles Stewart Mott Foundation.

SnackNation Becomes Caroo, Shifts Focus To Remote Work Support

socalTECH

Los Angeles-based SnackNation , which got its start delivering healthy snacks to vending machines and employee lunchrooms, says it has rebranded itself as Caroo , and expanded beyond snacks. According to Caroo, it is now providing "employee care and gifting" to "keep teams inspired and connected", no matter where they happen to be. According to Caroo, it curates healthier snacks, premium gifts, and "team building experiences" which it is delivering via its own software and technology platform.

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HyperX Rolls Out Eyewear Line

socalTECH

Fountain Valley-based HyperX , the developer of gaming accessories which is part of Kington Technology, says it has launched a new set of eyewear specifically for "blue light blocking". According to HyperX, its new collection of eyewear is aimed at gamers, students, and professionals, to help reduce eyestrain by blocking blue light. The company says its glasses provide both blue light and UV protection.

Report: Scopely Seeking $200M More

socalTECH

Los Angeles-based mobile game developer Scopely is reported to be seeking to raise $200M in a new funding round, which would value the company at around $3 billion, according to a report. The report, from Bloomberg, said the valuation of the company is up from an earlier $1.9 billion valuation as of March. The report cites "people familiar with the matter". It's unclear who is leading the new investment.

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Esri Rolls Out Air Quality Mapping App

socalTECH

Redlands, California-based mapping software maker Esri said this week that it has rolled out a new app, Air Quality Aware , which helps people understand the air quality in their area. The new all uses data from the EPA's AirNow program and the NOAA's National Weather Service, along with the American Community Survey.

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ConsejoSano Gets Impact Funding

socalTECH

North Hollywood-based ConsejoSano , a developer of patient experience and engagement software, aimed at payers, providers, and health care systems, has scored a round of "impact" funding, the company said this week. According to the company, it received an equity investment from the Bernard J. Tyson Impact Fund, which is administered by the American Heart Association. Size of that investment was not announced. According to the two, The Bernard J.

Fair Adds Traditional 2-Year, 3-Year Leases

socalTECH

Santa Monica-based Fair , the used car leasing company, said this week that it is adding longer, 2-year and 3-year leases to its menu of options, as a complement to the firm's month-to-month car options. According to Fair, the new lease options will offer up monthly savings to customers who want to keep their cars longer, with customers saving $40 per month on a 2-year Fair lease, and $70 a month on a 3 year lease.

Emergent Microgrid Acquired By Electriq Power

socalTECH

Santa Barbara-based Emergent Microgrid , a developer of community microgrids in Santa Barbara and Montecito, in an apparent acquisition deal with smart home battery manufacturer Electriq Power. According to the companies, Emergent Micro's portfolio "will be toassigned to Electriq Power" and Emergent's co-founders, Stephen Honikman and Henry Meyer, will become SVP of Project Finance and Structure, and SVP of Services at Electriq.

ringDNA Launches AI Sales Software

socalTECH

Los Angeles-based ringDNA , which develops sales engagement software, says it has launched a new, artificial intelligence (AI) product, which it says helps recommend actions for sales reps, to increase success. According to the company, its new product, Guided Selling, uses data learned from billions of sales interactions to prioritize the next best actions--whether that is whom to contact, when and how to contact them, and what to say.

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Endera Deploys EV Shuttles At San Diego International Airport

socalTECH

San Diego-based commercial electric vehicle developer Endera announced this week that it has delivered 18, all-electric passenger shuttles for use at San Diego International Airport, which it says is the largest deployment of electric shuttles at a U.S. airport so far. The company said the shuttles--which are going to be used by ACE Parking--are the first of a total of 29 all-electric vehicles planned for the site.

Cornerstone Names New Chief Product Officer

socalTECH

Santa Monica-based Cornerstone OnDemand said on Wednesday that it has named Ajay Awatramani as its new Chief Product Officer. Awatramani has previously served at such companies as Adobe, Marketo, Oracle, and Siebel, and was most recently Head of Product and GTM at Adobe; he had joined Adobe after the company acquired Marketo in 2018. Cornerstone said that Awatramani will lead its product strategy, management, and design. READ MORE>>.

Clearlake Capital Buys Zywave

socalTECH

Santa Monica-based private equity investor Clearlake Capital announced this morning that it has entered into a deal to acquire Zywave , a developer of software-as-a-service for the insurance industry, from another private equity investor, Aurora Capital Partners. Financial terms of the buy were not announced. Zywave is based in Milwaukee. Zywae develops cloud-based insurance distribution software, which it provides to insurance brokerages and insurance firms.

Sootchy Dangles $40K For College

socalTECH

Los Angeles-based college savings app developer Sootchy/a> , which is developing a way for families to save money for their children's education through 529 savings plans, says it will give away $40,000 to one winner for use in a college savings, K-12 education expense, or to pay off existing student loans.

Greenfield Groves Buys Telehealth Software Platform

socalTECH

Irvine-based Greenfield Groves ,, a telehealth and wellness company, said it is acquiring a proprietary telehealth software platform developed by Healthcare Technologies LLC. Financial details of the acquisition were not announced. According to Greenfield Groves, it will use the acquisition to help accelerate its speed to market. Greenfield Groves is led by founder and CEO Lindsay Giguiere; Healthcare Technologies LLC was founded by Dr. Tony Ganem.

YAPI Finds Funding For Dental Software

socalTECH

North Hollywood-based Yapi , a provider of paperless communications and account management software for dental practices, says it has raised a round of growth investment from M33 Growth. Financial details of that investment were not announced. According to YAPI, it will use the new funding to build out its account management, customer success, and R&D teams, plus bolster existing sales and marketing. YAPI's software allows dental practices to automate administrative tasks.