Sat.May 28, 2022 - Fri.Jun 03, 2022

How to reach beyond the prospect’s gatekeeper

Berkonomics

What’s a gatekeeper? Looking for an entrance into a VC, an angel group, a bank, a CxO for a sales opportunity, or any other entity? There are always gate keepers whose job it is to filter out the inconsequential or inappropriate and allow through those with most promise.

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Regulus Therapeutics Names VP

socalTECH

San Diego-based biopharmaceuticals firm Regulus Therapeutics said today that it has named Amin Kamel, Ph.D., as Vice President, DMPK. The company said Dr. Kamel will support clinical development and advancement of its lead candidate, aimed at treating patients with autosomal dominant polycystic kidney disease (ADPKD). Kamel was most recently Scientific Director of Takeda, Drug Metabolism and Pharmacokinetics.

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10 Steps To Second Stage Success For Your New Venture

Startup Professionals Musings

Early-stage entrepreneurs rightly keep their focus on creating an innovative product or service. After celebrating success at that level, they often find themselves ill-prepared to move to the next stage, for scaling their business into a high-performing enterprise.

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Square Sellers Will Get Apple’s ‘Tap to Pay’ on iPhones This Year

Tech.Co

Square is teaming up with Apple to enable the ‘Tap to Pay' iPhone functionality within the Square Point of Sale app. With it, customers can quickly use contactless payment, giving consumers an easier shopping experience while helping sellers use the Square system with even less friction.

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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.

How the myth of the ‘girlboss’ harms emerging women in tech

TechCrunch

On Lafayette Street in SoHo, young, fashionable women lined up around the block to enter a minimalist, millennial oasis, the most perfect Instagram feed brought to life.

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The Musk LA Startup You've Never Heard Of: Passionflix

socalTECH

Here's a Musk startup in Los Angeles--to be precise, one run by Elon Musk's sister, Tosca Musk--you might not have heard of: Passionflix, which features adaptations of mass market romance novels and erotic fan fiction, and turns them into streaming media. According to the New York Times, the startup has raised nearly $22M in early funding for its service. passionflix elon musk tosca streaming content media startup

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More Trending

Report: 33% of US Small Businesses Couldn’t Pay Their Rent Last Month

Tech.Co

The rent crisis is getting worse, according to a new report that found a full third of all small and medium-sized businesses are behind on their rent for the month of May. That figure has risen 5% since April, and the situation's even worse in Canada, where 39% of SMBs couldn't make rent.

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Bonfire Ventures secures $230M for two new funds targeting B2B software startups

TechCrunch

Bonfire Ventures , a Los Angeles venture capital firm, invests in seed-stage business-to-business software companies and aims to change the odds so that more than the average 33% of companies in this sector make it to Series A. The firm seems to have some good traction so far.

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Chipotle Starts Accepting Cryptocurrency

socalTECH

Newport Beach-base fast casual dining chain Chipotle has started to accept cryptocurrency as payment for its food, the company said yesterday, via a new partnership with digital payments platform Flexa. According to the company, customers can use the Flexa app to pay for food items in-store using Flexa's digital wallet apps. Flexa said that the partnership works in all 2,975 Chipotle restaurants in the United States. chipotle cryptocurrency casual dining food digital wallet crypto

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10 Keys To Winning In A Sea Of Competitors and Change

Startup Professionals Musings

You may be surviving in the marketplace, but is your business really thriving and winning? In my role as a mentor, I challenge every business leader to be more open-minded as they face the challenges of change and new competitors entering their space.

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Buy Now, Pay Later Service Affirm Is Teaming Up With Stripe

Tech.Co

The buy now, pay later service Affirm has just landed a new partnership with popular payments company Stripe.

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10 Real World Hazards With Taking Your Startup Public

Startup Professionals Musings

In the old days, every entrepreneur planned on taking their startup public, and making it big. Today the rate of startups going public (IPO – Initial Public Offering) is finally up from the dead zone of the last two decades, and is now double the rate back in 1999.

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10 Ways to Spot Isolated or Dis-Engaged Team Members

Startup Professionals Musings

Keeping your team connected and engaged should be the highest priority for every business leader. I find this to be a tough challenge for many entrepreneurs, especially those of you who have long focused on technology as the key to the business opportunity.

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Kintara Gets Nasdaq Extension

socalTECH

San Diego-based biopharmaceuticals firm Kintara reported this morning that it has received a notification from The Nasdaq Stock Market, informing the company that it has been granted a 180-day extension to regain compliance with the Nasdaq's minimum bid price requirement. The company said it now has until November 28, 2022 to meet the requirement. The company first received a warning for failing to maintain a minimum bid price of $1.00

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Pluto Picks Up $4M For Systematic Investing

socalTECH

Marina Del Rey-based Pluto, a startup which helps stock market traders automate the buying and selling of stocks, has raised $4M in a seed funding round. The funding was led by at.inc/ Nadav Eylath, and also included Switch Ventures and Caffeinated Capital. According to the company, it has developed an app which lets retail investors buit their own systematic investing applications, without need for technical or programming skills.

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Subject, Backed By $29.4, Signs Up Schools For E-Learning

socalTECH

Los Angeles-based Subject, which is backed by $29.4M in a Series A funding from Owl Ventures, Kleiner Perkins and the Hispanic Scholarship Fund, said this week it has now signed up more than 100 schools for its online, accredited e-learning platform. The company did not say how much business those wins represent. The company said it offers up over 60 courses, covering core, APs and electives. Felix Ruano is CEO and Co-Founder of Subject, which was previously known as Emile Learning.

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Santa Barbara Venture Partners Raises $11M Fund

socalTECH

Santa Barbara Venture Partners, a new venture capital fund led by serial entrepreneur Dan Engel, has raised $11M in its first investment fund. The company is aiming at investing in software-as-a-service companies in Southern California. Engel's early years were at Morpheus Software, Google (AdSense/AdWords), Picasa (Acquired by Google), and GoToMeeting, and he was the co-founder of FastSpring, which was acquired in 2013.

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Athos Therapeutics Adds To Board

socalTECH

Los Angeles-based Athos Therapeutics, a startup bitoech company which says it is using artificial intelligence to develop small molecule therapeutics for immune-mediated diseases and cancer, has named several advisors and a member of its board of directors. According to the company, it has added Yiannis Monovoukas, PhD, MBA, and Monte Stettin as advisors and observers to the Board of Directors of Athos Therapeutics.

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pareIT Applies AI, Machine Learning To Medical Records

socalTECH

Los Angeles-based pareIT said this week that it has launched a new platform, which uses artificial intelligence and machine learning to automatically analyze medical case files. According to the startup, its software uses AI and analyzes medical case files, including, removing duplicative and void documents, placing files into a chronological timeline, and extracting diagnoses, prognoses, treatment recommendations, medical history, and hand-written records.

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Tripp Takes $11.2M For Psychedelic VR

socalTECH

Los Angeles-based Tripp, a virtual reality startup which is looking to simulate the experience of psychedelic drugs using VR, has raised $11.2M in a Series A funding, the company said on Wednesday. The funding was led by BITKRAFT Ventures, and also included Amazon Alexa Fund, Qualcomm, and Niantic. The company says it has now raised more than $26M in total. The company's co-founder and CEO is Nanea Reeves. tripp virtual reality venture capital psychedelic content simulation

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Viasat Sets Up Shop At Aberden Proving Ground

socalTECH

Carlsbad-based satellite communications provider Viasat said today that it has set up a new office at the U.S. Army's Aberdeen Proving Ground, as part of its ongoing work to support the U.S. The company said the location is home to several commands including the U.S.

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Swoogo Snags Exec From Google

socalTECH

Los Angeles-based Swoogo, which develops event management software, said today that it has added Sam Harkness as the company's SVP of Partnerships. Swoogo recently raised $20M in a Series B funding from Bain Capital and others. Harkness was previously Head of Partnership at Google Cloud, and prior to that was Director of Strategic Alliances at Looker, before Looker was acquired by Google. The company said that Harkness will oversee its global partner ecosystem.

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FinditParts Snags $30M In Series A Funding

socalTECH

Santa Monica-based FindItParts, which operates an online marketplace for medium and heavy-duty truck and trailer parts, has raised $30M in a Series A funding, the company said this morning. The company said the funding came from Crestline Investors, and was a minority growth equity investment. The funding its the first institutional funding for the company since it was founded in 2010.

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UCLA Anderson Forecast: Economy Slowing Down, But No Recession, Yet

socalTECH

The UCLA Anderson Forecast. ucla anderson forecast economy economic report ukraine russia angeles california

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Elon Musk Tells Tesla Employees To Work In The Texas Office, Or Quit

socalTECH

Elon Musk, who is the CEO of Tesla in addition to his post at Hawthorne, California-based SpaceX, has ordered Tesla employees to spend a minimum of 40 hours in the office per week, or quit. According to emails leaked from Tesla, Musk said that if employees do not show up at its offices for at least 40 hours a week, "we will assume you have resigned."

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iBASEt Names Chief Revenue Officer

socalTECH

Lake Forest-based. ibaset executive quality maintenance steve modrall

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NFINIT Invests $8M In Data Center

socalTECH

San Diego-based NFINIT, a provider of data center, colocation, and cloud services, said it is investing $8M in a data center upgrade. According to the company, it is updating its two San Diego data centers with hardware, software, uninterruptible power supplies, and chillers. The company said the investment will help in the areas of sustainability, reliability and cost stabilization. The company is owned by LightEdge. nfinit datacenter upgrade data center colocation cloud

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Kareo and PatientPop Win New Client In WA

socalTECH

Irvine-based cloud-based clinical and practice management software developer Kareo, along with recently merged PatientPop, said the company has scored a win with a company in Washington state. According to the two, they have signed up Bellevue Pain and Wellness, PLLC as a customer. Financial impact of the win was not announced. Kareo and PatientPop merged in 2021, forming a new company called Tebra. software cloud saas healthcare management practice clinical patientpop kareo

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Go Global Retail Buys Brums Milano Fashion Brand

socalTECH

Los Angeles-based investor Go Global Retail said today that it is acquiring Brums Milano, a premium children's brand based in Italy. Financial details of the acquisition were not announced. Brums Milano sells apparel, footwear, and accessories, both online and at retail locations across Italy. Go Global Retail is acquiring apparel brands, and previously acquired Janie and Jack from Gap Inc.

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Bonfire Ventures Raises $230M In Two New Funds

socalTECH

Los Angeles-based venture capital investor Bonfire Ventures disclosed today that it has raised two new funds, worth a total of $230M. According to the firm, the investment includes $168M in a new, core seed funding, and a "second opportunity" fund worth $63M. Bonfire Ventures is led by managing directors Jim Andelman and Mark Mullen, along with Brett Queener. Bonfire Ventures makes investments in seed stage, B2B companies, typically in the software area, and typically leads its rounds.

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