Sat.Aug 10, 2019 - Fri.Aug 16, 2019

UPS Takes Minority Stake in Self-Driving Truck Startup TuSimple

Xconomy

TuSimple, an autonomous trucking company, has been conducting test drives for UPS between the Arizona cities of Phoenix and Tucson since May. Now the corporate venture arm of the global package delivery giant says it has taken a minority stake in the San Diego startup, which believes its technology can reduce the costs of shipping goods via tractor-trailer by 30 percent. Financial terms of the deal, announced Thursday, weren’t disclosed.

Loot Crate Files Bankruptcy, Plans to Sell Assets

L.A. Business Journal

Loot Crate Inc., which sells subscription boxes of pop culture apparel and collectibles, filed for Chapter 11 bankruptcy protection Monday

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Within Rolls Out New Augmented Reality Story

socalTECH

Los Angeles-based Within , a venture-backed startup which is developing augmented reality software, said this week that it has relased another, augmented reality title on its app, Wonderscope.

Fractional CTO

SoCal CTO

Since the early 1990s, I’ve been a part of 50+ startup companies in various roles, and have informally advised 100s of other startups.

CTO 304

Let your board help with “what” and “why” – but rarely “how.”

Berkonomics

I am sure you can argue with this one. Sometimes a board member is valuable in teaching the “how” to get things done inside the company.

Help 156

Driving Your Team With Fear Has Negative Consequences

Startup Professionals Musings

Trying to be a business leader by instilling fear in your employees and partners is never a good approach, but it is particularly devastating in a startup.

More Trending

Echo Fox Exits Riot Games Championship League

L.A. Business Journal

Esports team owner Echo Fox has forfeited its role as a competitor in Riot Games Inc.’s s lucrative “League of Legends” League Championship Series after failing to sell the spot to another bidder

Los Angeles VC Panel and LAVA Annual Membership Meeting

SoCal Tech Calendar

Tuesday, August 20, 2019 -- Los Angeles VC Panel and LAVA Annual Membership Meeting. Come meet three of the most active Venture Capital funds in Los Angeles. Meet the top VCs who are investing in Southern California. Find out what they are looking to invest in. Find out what does it take to secure Venture Capital for your company. Learn about the hottest trends and the mistakes NOT to make. Panel includes: Evan Richter, Smash Ventures; Adam Corey, Global Village; Chris Wadden , Pasadena Angels.

10 Startup Quandaries That May Redefine Your Business

Startup Professionals Musings

Most entrepreneurs struggle with many startup founders quandaries in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle.

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Amazon Maisel Day Goes Wrong In Santa Monica

socalTECH

A promotion by Amazon went awry in Santa Monica on Thursday, after the Santa Monica Police had to shut down a promotion at a local Chevron for causing major traffic woes. As part of the promotion, Amazon had offered up 1959 pricing on gasoline (30 cents a gallon) to Amazon Prime members. The promotion had included deals that featured 1959 prices for food, movie tickets, hotel tickets, and other purchases to promote the original Amazon Prime series "The Marvelous Mrs. Maisel".

SoftBank Vision Fund Invests $110 Million in Idea Lab's Energy Vault

L.A. Business Journal

Renewable energy storage firm Energy Vault, a portfolio company of Pasadena's Idea Lab, received a $110 million investment from SoftBank Vision Fund to scale its operations and expand into international markets

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Preccelerator Workshop: UX Primer for Entrepreneurs w/ Rich Abronson

SoCal Tech Calendar

Tuesday, August 20, 2019 -- Preccelerator Workshop: UX Primer for Entrepreneurs w/ Rich Abronson. This session will discuss: What UX is (and isn't) and why it's important UX costs and how to incorporate it into your strategy The UX process including brainstorming, feature prioritization, and usability testing. See [link] (more

8 Keys To Delivering Exceptional Customer Experiences

Startup Professionals Musings

Most businesses spend big money testing their brand logo, catchy marketing phrases, and demographics, but spend little time training and validating that their employees can and do deliver exceptional experiences to their customers.

GroundMetrics Gets $7.5M More In Funding

socalTECH

San Diego-based GroundMetrics , a startup that develops electromagnetic oil and gas surveying technology, has raised nearly $7.5M in a funding round, with a target of $8.45M, according to a regulatory filing from the firm. According to the filing, approximately $6.9M of the funding was related to conversion of debt into shares of capital stock. Details on the funding have not yet been announced.

March Capital Leads $51 Million Funding Round in AI Company Uniphore

L.A. Business Journal

Santa Monica-based venture investors March Capital Partners led a $51 million Series C round for conversational artificial intelligence developers Uniphore Software Systems Private Ltd

Data Con LA 2019

SoCal Tech Calendar

Saturday, August 17, 2019 --.

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6 Keys To Convince Investors Of Your Competitive Edge

Startup Professionals Musings

Most entrepreneurs are quick to assert to potential investors that their product or solution will kill the competition, but unfortunately your opinion alone is not enough to convince most experienced investors.

SimpliPhi Power Dangles Further Discounts For Energy Storage Batteries

socalTECH

Oxnard-based SimpliPhi Power , a developer of lithium ferro phosphate (LFP) battery technology, said this morning that it is offering up steep discounts on its 3.8 KWh, 48V batteries, as part of its effort to cater to both Californians preparing for Public Safety Power Shutoffs (PSPS), as well as globally for other climate change-related events, including wildfires, extreme heat, and hurricanes.

Advertising Tech Firm Lucidity Raises $5 Million

L.A. Business Journal

Marina del Rey advertising technology outfit Lucidity has raised a $5 million Series A round of funding to invest in engineering, product development and customer support

Will Porsche Fans Ever Live in a Driverless World? Porsche Says No.

Xconomy

Imagine the transportation future 20 years from now. Here’s one way things could roll on a weekday: Many of us get picked up at home by a sturdy, standardized, driverless car that will also scoop up a few of our neighbors who work at other businesses near ours.

10 Keys To Your New Venture Success And Satisfaction

Startup Professionals Musings

As the economy flourishes after some tough economic times, more and more people seem to be turning to entrepreneurship as an alternative to traditional employment. I applaud this trend, but caution all of you thinking this direction to approach entrepreneurship with your eyes wide open.

Energy Vault Finds $110M For Renewable Energy Storage Efforts

socalTECH

Energy Vault , a startup of Pasadena-based Idealab developing radically different energy storage technology--based on the movement of large, concrete blocks via robotic arms--has raised $110M in a Series B funding, the company announced this morning. The funding came from SoftBank Vision Fund (Vision Fund), and will go towards accelerating global deployment of its technology. As part of the funding, Andreas Hansson, Partner for SoftBank Investment Advisers, joins the company's board of directors.

Singularity Six Snags $16 Million

L.A. Business Journal

Andreessen Horowitz led a $16.5 million Series A funding round for Sawtelle-based online multiplayer game developer Singularity 6 Corp., which will use the cash to develop its first fantasy multiplayer game

Four New Drugs are Around the Corner. Here’s What You Need to Know.

Xconomy

The Food and Drug Administration approved 59 new drugs last year, a record for the agency which over the years has swung back and forth between tight control and leniency. We are in the midst of perhaps the agency’s most permissive era ever, thanks to its openness to speed up reviews and to greenlight certain drugs with slim evidence, like those for cancer patients who have run through all other options, or for kids with rare diseases and no available treatments.

CUDDLY Connects With Funding For Software For Animal Rescue Groups

socalTECH

Seal Beach-based CUDDLY , a developer of software and technology to help non-profit, animal rescue organizations, announced on Tuesday afternoon that it has received an investment from an angel investor. CUDDLY said the investment came from Greg Kidd, the co-founder and CEO of globaliD, and founding partner of investment firm Hard Yaka. Size of the investment was not announced.

Cinq Music Collects $40M More

socalTECH

Los Angeles-based Cinq Music , a music startup which provides technology driven music distribution, record label, and rights management, has raised $40M in a Series C funding, the company said on Tuesday. The funding came from GoDigital Media Group, a media and technology investment firm focused on intellectual property rights management. According to GoDigital, the new funding will go to purchase music rights, both masters and publishing, and to further expand internationally.

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GraphPad Software Buys SnapGene

socalTECH

San Diego-based GraphPad , which develops graphing software for scientific graphing and analysis, has acquired SnapGene , a developer of bioinformatics software, the company announced this morning. GraphPad said that it has created a new company called Insightful Science as a part of the acquisition, which will become the parent company of SnapGene, Graphpad Prism, and the Geneious DNA data analysis solutions, Geneious Prime and Geneious Biologics.

Singularity 6 Takes $16.5M In Series A

socalTECH

Los Angeles-based Singularity 6 , a developer of online games, has raised $16.5M in a Series A funding round, the company said this morning. The funding was led by Andreessen Horowitz (a16z), and also included seed investor LVP as well as FunPlus Ventures. Andrew Chen, a Partner at Andreessen Horowitz, will join the company's board of directors as part of the investment. According to Singularity 6, it is looking to deliver a "more meaningful" online game experience.

SuperMoney Reaches $2 Billion In Loan Requests

socalTECH

Santa Ana-based SuperMoney , a startup which lets users evaluate loans and financial services, has just reached $2 billion in loan requests, according to the company. SuperMoney, led by founder and CEO Miron Lulic, says it just reached $2 billion in loan requests through its multi-lender marketplace. SuperMoney's online site provides content about everything from mortgages to credit cards, to debt and refinancing.

Interview with Vanessa Dawson, The Vinetta Project

socalTECH

The Vinetta Project (www.vinettaproject.com), a group which is focused on helping to accelerate the growth of female-led startups, announced a few weeks ago that it is working with P&G Ventures, the internal "startup studio" of Procter and Gamble on an effort to help female-led companies in Los Angeles. We caught up with Vanessa Dawson , the CEO of The Vinetta Project, to learn more about the group and what it's doing with P&G Ventures. What is The Vinetta Project?