L.A. Business Journal
AUGUST 30, 2021
In an unprecedented move, the Los Angeles County Metropolitan Transportation Authority has issued notices to two competing contract bidding teams to proceed on design and other preliminary work for a rail transit project through the Sepulveda Pass.
socalTECH
SEPTEMBER 3, 2021
The Clean Power Alliance, the local renewable power provider which serves a significant number of Southern California cities, has signed a deal with San Diego-based renewable power developer EDF Renewables North America for a 300 megawatt solar project coupled with a 600 MWh battery storage energy system, the two said this morning. According to the two, the two signed a 15-year power purchase agreement (PPA) which will provide enough electricity to power more than 163,000 homes.
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Berkonomics
SEPTEMBER 2, 2021
Here’s the problem. Negotiating an agreement, especially one that involves personal gain, is tough for the person personally involved. There is too much to lose to be objective, to be willing to walk when terms go upside down. What if the negotiation is personally important? It is my experience that you should have an expert negotiator with you or even in your place, whether from your board or an employee or outside professional such as an attorney – when the issue is personal.
Startup Professionals Musings
AUGUST 28, 2021
One thing is certain in any business – not everyone you have to deal with will be like you, or will like you (and vice versa). These people may include one of your business partners, an investor, a key vendor, or even one of your best customers. In my role as a business advisor, I see more and more how business people must bridge these differences to accomplish shared business goals.
Advertiser: Aggregage
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.
L.A. Business Journal
AUGUST 30, 2021
Southern California Edison executives were generally pleased with the state’s decision in early August to allow the utility to tap ratepayers to raise $6.9 billion in revenue this year, even though that was $730 million short of what Edison requested.
socalTECH
SEPTEMBER 3, 2021
San Diego-based Plantible Foods, a startup developing a system to use Lemna--otherwise known as duckweed--as a protein source for humans, has raised $21.5M in a Series A funding. The funding was led by Astanor Ventures, and also included Piva Capital, CJ CheilJedang, Good Friends, Bradley Horowitz (SVP of Product at Google), Trevor Martin (Founder of Mammoth Biosciences) and Chris Bryson (Founder of Unata) plus Vectr Ventures, Lerer Hippeau, eighteen94 capital (Kellogg Company's venture capital
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Startup Professionals Musings
AUGUST 30, 2021
Making the decision to start your own business is a major commitment, with huge implications for skills and lifestyle. Yet there is no standardized testing or certification required or available anywhere to help you decide if you are a good fit for entrepreneurship, or founding a business is right for you. An MBA or other academic credentials just don’t do it.
L.A. Business Journal
SEPTEMBER 3, 2021
Partners like Influential will have access to first-party TikTok data that can help them identify creators for advertising campaigns.
socalTECH
SEPTEMBER 1, 2021
San Diego-based Radicle Growth, which focuses on incubating early stage agriculture and food technology, and agriculture giant UPL said today that the two are in a new partnership, which will invest $1.25M in two startups that can "positively impact and reduce the carbon footprint and improve soil health of the food value chain." The two said they have launched the Radicle Carbon and Soil Challenge by UPL, where it will invest $1M in a winner and $250K in a second place winner.
L.A. Business Journal
AUGUST 30, 2021
For those Wealthiest Angelenos whose fortunes are tied to technology, the pandemic brought big gains in net worth over the past year.
socalTECH
AUGUST 31, 2021
Santa Barbara-based Invoca, which develops call tracking and other customer tracking software, says it is on the path towards $100M in annual recurring revenue (ARR) by the end of its fiscal year. The company did not disclose its current revenues, but said it has seen "record growth" in the first half of FY21. The company has raised $116M in venture capital, from such investors as Accel, Upfront Ventures, H.I.G.
socalTECH
SEPTEMBER 1, 2021
Aliso Viejo-based indie Semiconductor, a developer of semiconductors for the automotive industry, says it has signed a definitive agreement to acquired TeraXion, a designer and manufacturer of photonic components. Financial terms of the buy were not announced. TeraXion is based in Quebec, and was founded in 2000. The company produces low noise lasers, Bragg gratings and integrated photonic elements which are used for automotive light detection and ranging (LiDAR).
Startup Professionals Musings
AUGUST 29, 2021
As a business advisor, one of the most disheartening things I see in business today is a serious lack of engagement at all levels, consistent with Gallup’s global engagement survey from a while back, finding only 13 percent of workers fully engaged in their job. I see people walking around every day like zombies in a trance. The sad part is that is seems to be getting worse, rather than better.
L.A. Business Journal
AUGUST 30, 2021
The startup, which has raised $32 million to date, aims to streamline the experience of buying products promoted on social media.
L.A. Business Journal
AUGUST 30, 2021
Santa Monica-based mental wellness company Headspace Inc. will merge with San Francisco-based Ginger.io Inc., an on-demand mental health support platform.
Startup Professionals Musings
SEPTEMBER 1, 2021
Every entrepreneur and every business I meet in my consulting and mentoring role has great intentions of bringing real innovation to the market, yet I find that most ideas are merely small extensions to existing solutions. I believe we need more non-linear “out of the box” thinking, to come up with the next step beyond the iPhone, or the next big step in transportation technology.
Startup Professionals Musings
SEPTEMBER 3, 2021
Not so long ago, business leaders operated behind the scenes, and even long-time employees rarely heard from them or saw them in the news. Today, with the Internet and social media, if you aren’t visible in a positive way to everyone, including customers, your leadership efforts will be lost. To be a leader, you have to be willing to be a public figure , and display the right attributes.
socalTECH
SEPTEMBER 1, 2021
Los Angeles-based C3 (Creating Culinary Communities), the virtual restaurant effort which was founded by Sam Nazarian, said it is launching a new, entirely virtual brand, Radical Rooster's Chicken. The company said fried chicken brand is being launched in partnership with GrubHub, and will launch initially in Chicago, Los Angeles, and New York City.
socalTECH
SEPTEMBER 3, 2021
Two companies, influence marketing company a href="[link] and social app developer TikTok, both with Los Angeles-offices, said earlier this week tahe two are in a partnership. According to Influential, it has integrated with the new TikTok Creator Marketplace API, saying that the deal will "allow Influential to enable more seamless TikTok creator discovery and glean valuable and cumulative insights on creators for their roster of Fortune 1000 brands.
socalTECH
SEPTEMBER 3, 2021
Is there a way to use software to ensure your employees are properly washing their hands? A Los Angeles-based technology company, Vitalacy, says it has created a product which provides automated hand hygiene monitoring. The company is targeting health care, hospitality, food services, and other industries with its software; the company also said it provides contact tracing, nurse rounding compliance monitoring, and more.
socalTECH
SEPTEMBER 3, 2021
Joshin, a new, venture-backed startup developing a marketplace to connect disability care providers with families with specialized care needs, said this week that it has launched in Los Angeles and Seattle. The startup--based in Minneapolis--says it is backed by seed funding worth $3M from Anthemis Group and The Autism Impact Fund. The company says that it helps families with "complex health needs" including those with neurodiverse children to dependent adults with developmental and physical dis
socalTECH
SEPTEMBER 2, 2021
Los Angeles-based Hubble Connected, a technology products developer, says it is launching a new set of products at at parents, infance, children, and expecting mothers. The company said it has launched a new brand called "Hubble Connected" which includes a baby monitor, infant sleep monitor, and camera. The company says it has created baby monitors marketed under other global brands, and is led by Dino Lalvani.
socalTECH
SEPTEMBER 2, 2021
San Diego-based Medvantx, a provider of pharmacy services, said this week that it has named Nabil Badr as Chief Technology Officer and Darlene Mitchell as Chief Compliance Officer. Badr was previously Vice President of Digital Transformation at City National Bank, and Mitchell was previously at Advantia Health and was the lead compliance officer for the Planned Parenthood Federation of America.
socalTECH
SEPTEMBER 2, 2021
Calabasas-based InnovateMR, which provides market research and sampling technology and services, says it has appointed Lisa Wilding-Brown as the company's new CEO. Wilding-Brown was most recently the company's Chief Research Officer, and has been at the company since 2014. She previously also served at uSamp and Harris Interactive. The company said its co-founders, Matt Dusig, George Llorens, and Gregg Lavin, as well as President, Michael Anderson, all are shifting to the board of directors.
socalTECH
SEPTEMBER 2, 2021
Los Angeles-based Whip Media has named Jamie Otero a the company's new Vice President of Business Development and Content Strategy. Otero was previously Managing Director at RightsTrade, and also served as Chief of Staff in the Ministry of Culture of Spain, where he was in charge of revitalizing the European and Latin America film and TV industry, according to the company.
socalTECH
SEPTEMBER 1, 2021
Los Angeles-based online tutoring company TutorMe says it is donating $100,000 in tutoring services to the Racine Unified School District (RUSD) in Racine, Wisconsin. According to the company, the donation will give students int he district free 24/7 access to live tutors in more than 300 subjects. TutorMe did not say why it decided to provide that particular district with the donation.
socalTECH
SEPTEMBER 1, 2021
Beverly Hills-based Fair, which was most recently focused on letting people lease vehicles on as short as a month-to-month basis, said Tuesday that it has adopted a new strategy, and plans to change its name for an early 2022 relaunch. According to the company, it is pivoting to launch a launch an end-to-end e-commerce marketplace that offers consumers inventory and comprehensive financing, insurance and extended warranties.
socalTECH
AUGUST 31, 2021
Santa Monica-based H Code, which provides digital advertising services to the Hispanic market, said Monday afternoon that the company has received a new, capital investment. The funding came from private equity investor Falfurrias Capital Partners (FCP), which invests in growth-oriented, middle-market companies. Size of the investment round was not announced.
socalTECH
AUGUST 31, 2021
Santa Monica-based online employment marketplace operator ZipRecruiter and mixed martial arts organization UFC are in a new partnership, where ZipRecruiter will serve as the official sponsor for a number of UFC events. According to the two, ZipRecruiter will serve as the official sponsor for events including Dana White's Contender Series (DWCS) on ESPN+, select Pay-Per-Views, and other UFC live events.
socalTECH
AUGUST 31, 2021
San Diego-based "ARS Pharmaceuticals, which is developing an epinephrine nasal spray designed to better treat severe allergic reaction, said today that it has raised $55M in a Series D funding. The funding was led by SR One, and also included RA Capital Management, an un-named US healthcare-focused fund, and Deerfield Management. The company said it will use the funding to advance its product through approval, to support initial launch activities, and to evaluate it in clinical studies for addit
socalTECH
AUGUST 30, 2021
Los Angeles-based Flip, which develops an app that lets people shop for beauty products through video reviews, content, a community, and more, has raised $28M in a Series A funding, the company said on Monday. The funding was led by Streamlined Ventures, and also included Mubadala Capital Ventures, BDMI, plus angels Ruby Lu, an early investor in Kuaishou.
socalTECH
AUGUST 30, 2021
Los Angeles-based Flip, which develops an app that lets people shop for beauty products through video reviews, content, a community, and more, has raised $28M in a Series A funding, the company said on Monday. The funding was led by Streamlined Ventures, and also included Mubadala Capital Ventures, BDMI, plus angels Ruby Lu, an early investor in Kuaishou.
socalTECH
AUGUST 30, 2021
Irvine-based property information provider CoreLogic said this morning that it estimates that 941,392 homes are threatened by severe wind, storm surge, and extended heavy rainfall damage due to Hurricane Ida, which made landfall yesterday in Louisiana, with as much as $220 billion in damages possible. The company said it calculated the combined reconstruction cost value (RCV) of $220.37 billion based on the homes in Louisiana, Alabama, and Mississippi within the impact zone of the storm.
socalTECH
AUGUST 30, 2021
Los Angeles-based Sugar, which develops software to help manage apartment and residential living, has raised $2.5M in a seed funding round, according to the company. The funding included MetaProp, Agya Ventures, Concrete Rose, Debut Capital, The Community Fund, Consonance Capital, Lightspeed Scout Fund, and Jason Calacanis' LAUNCH syndicate, along with angels Wasserstrum and Diran Otegbade, Oleksiy Ignatyev, Claire Cormier Thielke, and Ben Zises.
socalTECH
AUGUST 30, 2021
Electric vehicle maker Rivian said Friday that it has filed confidentially for an IPO, and is looking to have an IPO around Thanksgiving. Bloomberg said that Rivian is looking for a valuation of up to $80 billion. Rivian has significant operations in Irvine. The company is developing an electric pick-up and SUV, and has a deal with Amazon for electric delivery vehicles.
socalTECH
AUGUST 30, 2021
San Diego-based oncology drug developer Boundless Bio said this morning that it has aappointed Jessica Oien as its new General Counsel and Corporate Secretary. Oien was previously General Counsel and Corporate Secretary at the public biotechnology company Cidara Therapeutics, and also has served at Otonomy, Inc., Pernix Therapeutics, Somaxon Pharmaceuticals, Verus Pharmaceuticals, and Elan Corporation, in addition to serving at Brobeck, Phleger & Harrison and Milbank, Tweed, Hadley & McCloy.
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