Sat.Jun 05, 2021 - Fri.Jun 11, 2021

Mythical Games raises $75M to build an NFT game engine

TechCrunch LA

Even as NFT sales dip below their most speculative highs, startups aiming to tap into their potential are still scoring big funding rounds from investors who believe there’s much more to crypto collectibles than the past few months of hype.

Hit the hardest issues first!

Berkonomics

Reorder your priorities for maximum impact. There are two reasons to consider reordering your priorities to attack your most critical issues first, before the easiest ones to knock off the list.

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Boring Co.’s Las Vegas Tunnel Opens to Public

L.A. Business Journal

Elon Musk’s Boring Co. is about to get its first real-world test as its 4-mile, $52.5 million tunnel loop opens to the public this week underneath the huge Las Vegas Convention Center campus

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7 Keys To The Best Internet Name For Your New Venture

Startup Professionals Musings

I’m sure you have all been frustrated at least once by not being able to get the Internet domain name you want for your company. Who owns all of these names, and should you ever buy one for a premium?

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.

TaskUs Surges In IPO

socalTECH

Santa Monica-based outsourcing provider TaskUs, founded by Bryce Maddock and Jaspar Weir, had a successful IPO on Friday, raising $304M in an IPO on the Nasdaq. The company was up around 30% in its IPO in trading on Friday, trading as TASK. The company priced its IPO last night at $23 per share, at the midpoint of its $22.00 to $24.00 initial estimated IPO range.

Long Beach Economic Partnership Quarterly Forum

SoCal Tech Calendar

Thursday, June 17, 2021 --.

More Trending

10 Hints That Now May Be The Time For A New Venture

Startup Professionals Musings

Many budding entrepreneurs struggle mightily with that first step – out of their comfort zone and into the unknown. They keep asking people like me whether the time is right, and the truth is that there’s never an ideal time to start your own business.

Restaurant365 Acquires Compeat

socalTECH

Irvine-based Restaurant365, which develops restaurant management software, has acquired Compeat, a developer of restaurant back office, workforce, and business intelligence esoftware. Financial details of the acquisition were not announced. Compeat was based in Austin, Texas. According to Compeat, the newly combined business will be led by Tony Smith, CEO of Restaurant365.

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Viterbi Startup Garage: Oceanside Chat: Thriving in Midst of Startup Uncertainty. Christopher Yang

SoCal Tech Calendar

Wednesday, June 16, 2021 --.

NuOrder to Be Acquired in $425 Million Deal

L.A. Business Journal

NuOrder Inc. is expected to be acquired by Lightspeed in an estimated $425 million deal

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6 Reasons Starting Another Dating Site May Be Tough

Startup Professionals Musings

Online dating sites usually fail because online dating usually fails. The simple reason is that everyone expects quick results, no one can make that happen, and users get very unhappy very quickly.

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Phase Four Finds $26M For Satellite Thrusters

socalTECH

El Segundo-based Phase Four, a space startup which is creating satellite thrusters which use radio-frequencies for propulsion, said it has raised $26M in a Series B funding round. The funding was led by New Science Ventures. Phase Four says it is developing Maxwell plasma propulsion engines, which are designed to steer satellites in space. The company says its technology has been launched on multiple, commercial small satellites. the company also said it is working with the u.S.

DigiMarCon West 2021 - Digital Marketing, Media and Advertising Conference and Exhibition

SoCal Tech Calendar

Wednesday, June 16, 2021 --.

NuOrder To Be Acquired In $425 Million Deal

L.A. Business Journal

NuOrder Inc. is expected to be acquired by Lightspeed in an estimated $425 million deal

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6 Keys To Reducing Team Pain From Market Uncertainty

Startup Professionals Musings

Over my years as an advisor to new businesses and startups, I have learned that the only certainty that I can offer entrepreneurs is the fact they will face many uncertainties. So my first advice is that if you can’t handle uncertainty, don’t even start down that road.

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Janux Therapeutics Prices IPO, Hits Nasdaq Today

socalTECH

La Jolla-based biopharmaceuticals startup Janux Therapeutics said early this morning that it has priced its IPO, offering up 11,400,000 shares of its common stock at $17.00 per share. The company begins trading this morning on the Nasdaq Global market under the ticker symbol JANX. According to the company, the gross proceeds from the effort are expected to be $193.8M. Janux Therapeutics is developing T cell engager immunotherapies.

Viterbi Startup Garage: Oceanside Chat: Avoiding The Top Mistakes Made In Productland

SoCal Tech Calendar

Wednesday, June 9, 2021 -- Viterbi Startup Garage: Oceanside Chat: Avoiding The Top Mistakes Made In Productland. Dave Cole (Founder and CEO of Open Raven) What: Dave will draw from his 20+ years building products for companies of various shapes and sizes to explore the many ways things can go sideways when building a new product and how to avoid such missteps. See [link] (more

Fisker Plans Climate Neutral Vehicle by 2027

L.A. Business Journal

Electric vehicle maker Fisker Inc. plans to manufacture a climate-neutral vehicle by 2027

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6 Keys To Recognizing Business Bubbles Ready To Burst

Startup Professionals Musings

In finance, a bubble is too much money chasing assets, greater asset production and a herd mentality.

Former BMW, Faraday Future, Canoo Exec Heads To Apple

socalTECH

Ulrich Kranz, the Los Angeles area auto executive who has served at BMW, Faraday Future, and Canoo, has joined Apple to head up its automotive team, according to Bloomberg. Kranz was at BMW for 30 years, and headed up the team behind the BMW i3 electric vehicle. Kranz then became Chief Technical Officer (CTO) at Faraday Future, before it ran into financial issues, and then went on to co-found another Los Angeles EV maker, Canoo.

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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

TechCrunch

Just over three months after its last funding round, European fintech giant Klarna is announcing today that it has raised another $639 million at a staggering post-money valuation of $45.6 billion. Rumors swirled in recent weeks that Klarna had raised more money at a valuation north of $40 billion. But the Swedish buy now, pay later behemoth and upstart bank declined to comment until now.

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Overcome Small-to Medium-Sized Company IT Infrastructure Challenges with Managed Network Solutions

Southern California Edison Blog

Small- to medium-sized businesses may lack the resources and IT expertise to manage, protect, and upgrade their networks effectively compared to larger, more enterprise-level companies.

Top Ways to Determine Your ROI When You Use SEO Techniques

AllTopStartups

There are various ways to determine and report ROI (return on investment) after providing SEO services. A marketing company that offers such services can take this data from their past… The post Top Ways to Determine Your ROI When You Use SEO Techniques appeared first on AllTopStartups.

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Mythical Games Lands $75M For NFT Games

socalTECH

Los Angeles-based Mythical Games said this week that it has raised $75M for its NFT gaming startup efforts. The startup--which says its founders are from Activision, Oculus, EA and Zynga, plus Stubhub and Charles Schwab--said the funding was led by WestCap. The round also included 01 Advisors and Gary Vaynerchuk's VaynerFund, along with Galaxy Digital, Javelin Venture Partners, Alumni Ventures, and Struck Capital.

HCAP Partners Backs TCS Healthcare Technologies In Acquisition Deal

socalTECH

San Diego-based private equity investor HCAP Partners announced today that it has provided a follow-on investment in TCS Healthcare Technologies, a provider of managed care softare, as part of an acquisition effort by TCS. According to HCAP Partners, the investment went to support the acquisition of DataSmart Solutions, LLC, a predictive risk analytics software company. Financial details of the acquisition and investment were not announced by HCAP Partners.

Sempra Energy Links With NREL On Net-Zero Energy Systems

socalTECH

San Diego-based electricity and energy provider Sempra Energy announced this morning that it is in a Memorandum of Understanding (MOU) with the U.S. Department of Energy's (DOE's) National Renewable Energy Laboratory (NREL). Financial details of the deal were not announced, however, Sempra Energy said the two will continue current work researching and developing "innovative solutions" to help shape a lower-carbon future. Sempra Energy is the parent company of San Diego Gas & Electric CO. SDG&E).

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Trousdale Ventures Seeds Preamble's AI Tools

socalTECH

Los Angeles-based venture investor Trousdale Ventures announced this morning that it has made an investment in Preamble, a startup offering up "ethical artificial intelligence" moderation to social networks. Size of the seed funding round was not announced. Trousdale said that the seed funding will go to further develop Preamble's platform, as well as for collaboration with non-profits. The company said that Preamble's software is used to help prevent amplification of harmful content.

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K1 Investment Management Backs ComplySci With $120M

socalTECH

Los Angeles-basd private equity investor K1 Investment Management has made a $120M investment in New York- and London-based >ComplySci, the two companies said this morning. ComplySci is a developer of regulatory and compliance software for the financial services sector. According to ComplySci, it will use the new funding to support new and enhanced solutions for its customers.

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Onchilles Pharma Finds $7M For Cancer Drugs

socalTECH

San Diego-based Onchilles Pharma said this morning that it has raised $7M in a Series A funding round. The funding came from LYZZ Capital, and also included $500K from the University of Chicago's Startup Investment Fund. According to the company, it is working on an anti-cancer protein released by human neutrophils that activates cell death pathways specifically in cancer cells. The company said the funding will go to advance its first drug candidate through preclinical proo-of-concept. Court R.

ViaCyte Scores $45M For Stem Cell Therapy

socalTECH

San Diego-based ViaCyte, a company which is using stem cell technology to develop treatments for Type 1 Diabetes, says it has raised $45M in an extension of its Series D funding round. The funding brings its Series D funding to more than $115M. The funding came from existing investors Bain Capital Life Sciences, TPG Capital, RA Capital Management, Sanderling Ventures, plus new investors Adage Capital Partners, Invus Group, Asymmetry Ventures, and Artis Ventures.

SmartBug Media Acquires Worth eCommerce

socalTECH

Irvine-basd marketing agency SmartBug Media said today that it has acquired Worth eCommerce, a digital marketing agency which provides email and SMS marketing campaign services to the e-commerce industry. Financial details of the acquisition were not announced. Worth eCommerce is based in Portland, Oregon. According to SmartBug Media, it will continue to operate Worth eCommerce under its own name. The acquisition is the first for SmartBug, according to the company.

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Luxury Travel Hackers Gets Seed Funding For Travel Technology

socalTECH

Santa Monica-based Luxury Travel Hackers said today that it has launched a new company, focused on helping the "mobile millennial" book "influencer-curated" trips via social media, with a seed funding. The company says it developing recommended vacations, using social media and "story-driven" content, and curated to the interests and budget of a traveler. Size of the funding was not announced. According to Luxury Travel Hackers, the funding was led by Thomas B.

Enevate Inks New Battery Production Licensing Deal

socalTECH

Irvine-based battery developer Enevate announced on Tuesday that it has inked a new, production licensing agreement, with EnerTech International. According to the company, EnerTech International will commercialize its battery technology in the transportation, mobility, and reserve power markets. Financial details of the deal were not announced.

Relativity Space Raises $650M More For 3D Printed Rockets

socalTECH

Long Beach-based 3D, printed rocket developer Relativity Space said on Tuesday that it has raised another round of funding--worth $650M--to go towards production of its first rocket. According to the company, the round was led by Fidelity Management and Research. The Series E funding brings the company's total raised to more than $1.9 billion. Relativity is in the process of developing 3D printed rockets, which the company claims will be much easier to build and reuse.

Evite Names Two Execs

socalTECH

Los Angeles-based Evite has named two executives, saying today that it has named James Woo as President and David Grant as Vice President of Product. Woo previously served at such companies at Next Generation Esports, where he served as President and CEO, as wlel as Nomad Financial, and Marsh McLennan. Grant previously was Senior Director of Product at Activision Blizzard Media, and also served at Study.com and Dynamic Signal.

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Onramp Joins Visa Fintech Program

socalTECH

San Diego-based Onramp, which is developing a platform to help financial advisors provide access to cryptocurrency, says it has joined Visa's Fintech Fast Track program. According to the company, it gains access to Visa's full suite of technology, resources, and partners to expand its footprint in the financial services and technology area. Onramp says its service helps financial advisors to research, model, invest, and securely manage their clients' cryptoassets.