Sat.Mar 28, 2020 - Fri.Apr 03, 2020

Have you fallen into the buggy whip trap?

Berkonomics

Surely, you’ve heard the buggy whip analogy. A business making those necessary items ignored the signs of progress and found itself without a market. Perhaps that happened to sword smiths upon the invention of the rifle, and certainly to the makers of cassette tapes upon the dawn of the CD.

Press 170

Virgin Orbit to Make Ventilators for Covid-19 Patients

L.A. Business Journal

Virgin Orbit will start making a "bridge ventilator" for partially recovered Covid-19 patients at its Long Beach manufacturing facility

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Hard Decisions Require Empathy

Both Sides of the Table

In the past two weeks we have entered perhaps to most surreal experience in any of our lives. I think intuitively many of us believe it may be a more lasting impact than just “60 days at home,” which is why we almost have a nervous laughter when we call (Zoom!) somebody we haven’t spoken to since before the crisis and acknowledge how bizarre we all feel right now.

Guide 198

Tim Draper’s Los Angeles-based blockchain-focused venture studio adds a venture partner

TechCrunch LA

The Los Angeles-based venture capital studio focused on blockchain and fintech startups which longtime venture investor Tim Draper now calls home has added a new venture partner to its team.

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Virgin Orbit Develops Ventilator For Pandemic Response

socalTECH

Long Beach-based space launch company Virgin Orbit has temporarily shifted its attention from developing rockets and its satellite launch systems, and applied its engineering skills to developing a new ventilator, designed to help in the battle against the COVID-19 coronavirus pandemic.

Safe at Home

L.A. Business Journal

Ring is one of the most recognized brands and most widely used technologies in a smart-home market that’s expected to total $101.1 billion in 2020

How To Change Your Perspective And Create Innovation

Startup Professionals Musings

In today’s fast moving world of business startups, learning trumps knowing every time. What established businesses know through experience keeps them from looking for the new and innovative ways to do what they do better, cheaper, and faster.

More Trending

AristaMD Finds $18M In Series B Funding

socalTECH

San Diego-based AristaMD , a developer of telehealth software, which allows primary care providers to conduct and document electronic medical consultations, has raised $18M in a Series B funding round. The funding was led by Cigna Ventures and MemorialCare Innovation Fund (MCIF), and also included Avalon Ventures, CU Healthcare Innovation Fund and Stanford Health Care. The company said the funding will go to towards accelerating expansion of its platform across the country.

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Burke to Remain CEO at AECOM

L.A. Business Journal

Michael Burke, who had been expected to step down as chief executive at Century City-based engineering company AECOM at the end of March, will remain at the helm of the company for the foreseeable future

5 Steps To Get Ahead With The Entrepreneur Lifestyle

Startup Professionals Musings

According to Gallup surveys , job satisfaction for employees is at an all-time low. Only 13 percent of workers are fully engaged in their job. The sad part is that is seems to be getting worse, rather than better. One obvious alternative is to become an entrepreneur.

A Baby’s Milestones and the Next Steps for Novartis in Gene Therapy

Xconomy

Cameron Hewitt’s family celebrates the anniversary of her life not once, but twice yearly: Besides her September birthday, they commemorate a day in March—the anniversary of two-year-old Cameron receiving the gene therapy that gave her a new shot at life.

HireRight Adds Social Media Screening

socalTECH

Irvine-based HireRight , which provides employment background checks, drug testing, education verification, and other services, says it has added new social media screening, via a partnership with Fama Technologies. Financial details of the deal were not announced.

Saucey Reports a Spike in Demand

L.A. Business Journal

For Saucey Inc. Chief Executive Chris Vaughn, the signs pointing to a spike in demand for the company's alcohol delivery app came well ahead of the stay-at-home order

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10 Startup Practices With A Proven Record Of Failure

Startup Professionals Musings

Unfortunately, many entrepreneurs seem to prefer to fail their way to the top, rather than do some research and learn from the successes and mistakes of others. It seems to be part of the “fail fast, fail often” mantra often heard in Silicon Valley.

Aspen Neuro Adds $70M to Test Parkinson’s Cell Therapy in the Clinic

Xconomy

Parkinson’s disease patients experience progressive breakdown of their neurons, cells essential to movement and mental function.

Amazon Employees At 6 Southern California Warehouses Now Positive For Virus

socalTECH

Employees at six, Amazon Fulfillment Centers across Southern California have now tested positive for COVID-19, with centers in San Bernardino, Rialto, Hawthorne, and Glassell Park, including four all tested in the last 24 hours. According to a number of reports , the four latest cases were at Amazon's ONT2 fulfillment center in San Bernardino; LGB8 in Rialto; DLA8 in Hawthorne, and also an Amazon Prime warehouse in Glassell Park. READ MORE>>.

RCT Studio Raises $10 Million

L.A. Business Journal

RCT Studio, a Burbank-based developer of interactive games, announced it has raised $10 million in Series A funding

8 Brand Models To Attract Your Perfect Fit Customer

Startup Professionals Musings

Attracting the right customers is the key to success in business, whether you have a new startup or a mature enterprise.

Fate Inks $100M Deal With Janssen for Stem Cell-Derived Cancer Therapies

Xconomy

Fate Therapeutics has signed an agreement with Janssen Biotech to develop new cancer cell therapies that are derived from stem cells and landed $100 million up front as part of the global collaboration deal.

Fujitsu Frontech North America Buys Fulcrum Biometrics

socalTECH

Foothill Ranch, California-based Fujitsu Frontech North America , which is a subsidiary of Fujitsu which provides technology and IT solutions, said it has acquired Texas-based Fulcrum Biometrics , a developer of biometric hardware, software, and solutions. Financial terms of the acquisition were not announced. Fujitsu Frontech said the move will help it boost its biometric authentication and access management solutions business.

Robin Games Raises $7 Million Round

L.A. Business Journal

Mobile-game developer Robin Games Inc., which was founded by former Jam City Inc. executive Jill Wilson, has raised $7 million in a seed round

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7 Key Culture Elements That Drive Value In A Startup

Startup Professionals Musings

As an entrepreneur, it’s never too early to set the culture you need for a thriving business, as well as thriving employees, customers, partners, and vendors.

Bio Roundup: Biotech Billions, COVID-19 R&D, Zolgensma’s Path & More

Xconomy

The coronavirus pandemic has shaken the global economy, but three life sciences venture capital firms this week announced new funds totaling nearly $3 billion. ARCH Venture Partners led the pack, adding two funds totaling $1.46 billion to its war chest. Flagship Pioneering bagged $1.1

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SteadyMD Picks Up $6M For Telehealth Efforts

socalTECH

Los Angeles- and St. Louis, Missouri-based SteadyMD , a developer of an online telehealth service which matches up people with their own, personal doctors they can access via video, text, and phone, has raised $6M in a Series A funding round, the company said this morning.

Ranker Sets Viewing App

L.A. Business Journal

Digital media company Ranker Inc. has rolled out a new app to help consumers search for and discover shows across a range of streaming platforms

Omnidya Names CTO

socalTECH

Los Angeles-based artificial intelligence software developer Omnidya announced this morning that it has named Akshay "Ed" Vachhani as its Chief Technology Officer. Vachhani previously had served as Executive Director of Data and Analytics at Morgan Stanley. Vachhani also previously served at Morgan Stanley and Credit Suisse. Omnidya says it is using artificial intelligence to develop an IoT product used for home and auto insurance. READ MORE>>.

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LA Startups Launch Effort To Buy N-95s For Local Hospitals

socalTECH

A number of Los Angeles area startups--including GOAT , Scopely , Honey , Factual , TotSquad , and others--has launched a new effort to buy N-95 protective masks for local Los Angeles area hospitals. The effort, being led by Jiake Lu, has a goal of raising $160,000, and so far has raised over $68,000 in donations from the local community. The group says it is looking to buy 30,000 face masks which it has already ordered from a supplier in China.

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BIO Shifts San Diego Convention Online

socalTECH

The Biotechnology Innovation Organization (BIO), the biotechnology community group which had planned its big, annual convention for June 8th through 11th in San Diego, has shifted its convention to a digital-only conference, saying that it made the decision based on the impact of COVID-19, the safety of the attendees and global health recommendations regarding large, in-person gatherings. BIO had expected more than 17,000 attendees to its conference in June in San Diego.

Cornerstone OnDemand Helps K-12 Teachers With Move Online

socalTECH

Santa Monica-based Cornerstone OnDemand , which develops online employee training and development tools, says it is offering up its exertise to help K-12 teachers with their shift to online learning.

Amazon Employee In LA Positive For Virus

socalTECH

An Amazon Fulfillment Center employee in Los Angeles, in Glassell Park has tested positive for COVID-19, according to a report on Thursday. The employee reportedly is in self quarantine at home. The report is the first in the Southern California area, but is not for Amazon, which has had a number of employees tested positive for the virus across its warehouses nationwide. The particular Amazon warehouse in this case is the one at 3334 N. San Fernando Road, Building E, according to the report.

QUID Offers Cash Advance To Pre-IPO Employees During Pandemic

socalTECH

Santa Monica-based fintech startup Quid says it is offering up a way for users of pre-IPO companies who are in need of cash, or who have just been laid off, allowing them to access as much as 30% of the cash value of their private shares. According to the company, it charges 7 percent fix interest plus other fees to those employees for a cash advance. The company said it has been working with employees of such pre-IPO technology companies like Uber, Airbnb, Lyft, and Flexport.

Inseego Sees Demand Jump For Hotspots

socalTECH

San Diego-based Inseego , the provider of 5G and IoT products, said this week that it is seeing "unprecedented" demand for its hotspots, as a result of the wholesale move to employees, students, and others connecting from home. The company--which just a few years ago was trying to sell off its hotspot business--said it is ramping up production of its 4G and 5G MiFi mobile hotspots and other wireless connectivity devices.

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Tot Squad's Baby Gear Cleaning Service Acquired By BabyQuip

socalTECH

Los Angeles-based TotSquad , which operates a marketplace that connects new parents with various services, has sold its baby gear cleaning services to San Francisco-based BabyQuip. Financial terms of the acquisition were not announced.

Strategic Wireless Acquires Cell Tower In Oregon

socalTECH

Costa Mesa-based Strategic Wireless Infrastructure Funds Management said Tuesday that it has acquired a cell phone tower in La Grande, Oregon. Financial details of the acquisition were not announced. The companys said it acquired the Snake River Tower, which was constructed in 2012.

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Rubicon Project, Telaria Complete Merger

socalTECH

Los Angeles-based online advertising exchange Rubicon Project nd New York-baesd Telaria said this morning that the two companies have completed their previously announced merger. The two said the merged company is now the world's largest independent sell-side advertising platform. The new company will continue to trade on the New York Stock Exchange as RUBI; the combined company said it will be launching with a new name in the coming months. The merged company is being led by CEO Michael Barrett.

Aspen Neuroscience Gets $70M

socalTECH

San Diego-based Aspen Neuroscience , a biotechnology company developing treatments for Parkinson disease, said it has raised $70M in a Series A funding round. The funding was led by OrbiMed, and also included ARCH Venture Partners, Frazier Healthcare Partners, Domain Associates, Section 32, and Sam Altman.

Overwatch League Tosses In The Towel, And Shifts Fullly Online

socalTECH

The Overwatch League , the e-sports league run by Blizzard Entertainment based on its popular game, has decided to shift to an entirely online format , in light of the ongoing COVID-19 pandemic. The move--not a surprise--will move all of the League's events from weeks 14-27 to a "fully online" competition and broadcast format. The League said it will make a decision later about playoffs and its Grand Finals.