Sat.Mar 13, 2021 - Fri.Mar 19, 2021

Entrepreneurism is all about personal risk.

Berkonomics

Well, of course it is. So, let’s dig a bit deeper.

MediaAlpha Brings Innovation to Staid Insurance Industry

L.A. Business Journal

MediaAlpha Inc., which generates customer acquisition leads for insurance carriers through a digital platform, is far from a typical tech startup

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New markets emerge for carbon accounting businesses as cities like LA push proposals

TechCrunch LA

Earlier this month, Los Angeles became the latest city to task its various departments with prepping a feasibility study for deploying new software and monitoring technologies to better account for its carbon footprint.

7 Ways to Convince Other People To Take A Risk On You

Startup Professionals Musings

As a member of an angel investment group for years, I’m sometimes surprised to see founders with a good technical business case get rejected for funding, while others seem to have a hidden quality that gives them credibility to be fundable despite some missing elements.

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.

IDrive Releases VPS Hosting Offering

socalTECH

Los Angeles-based IDrive Online Backup, best known for its online cloud backup and storage services, says it has released a new virtual private server (VPS) offering aimed at developers and enterprise. According to the company, its new serviec, IDrive Compute, offers multiple NVMe-powered instances at 20 of its US-based edge computing locations. The company said the hosting starts with shared CPUs at $0.0074/per hour or $5/month, and also includes dedicated CPU options.

These 4 Programs Fuel SpaceX’s Ambitions

L.A. Business Journal

It has been nearly 20 years since Space Exploration Technologies Corp. was founded with the relatively humble goal of bringing down the cost of launching small satellites into orbit

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5 Early Entrepreneur Strengths That Can Limit Growth

Startup Professionals Musings

Once you are able to achieve some real “traction” with your business (paying customers, revenue stream), it may seem the time to relax a bit, but in fact this is the point where many founders start to flounder.

Flowspace Takes $31M

socalTECH

Los Angeles-based startup Flowspace, which is developing fulfillment technology to help e-commerce companies store and ship their products, said this morning that it has raised $31M in a new funding round. The Series B funding was led by BuildGroup. The company said that existing investors, including Canvas Ventures, Industrious Ventures, Moment Ventures, 1984 Ventures, eGateway Capital and Y Combinator also participated. The company says it has now raised a total of $46M in funding.

Pledge Gets $3 Million for Video Fundraising Platform

L.A. Business Journal

Online fundraising startup Pledge announced that it had raised $3 million in new seed funding to finance the launch of a new virtual fundraising platform

Squarespace raises $300M at a staggering $10B valuation

TechCrunch

Squarespace has raised $300 million in a round of funding that values the company at a staggering $10 billion valuation. New backers include Dragoneer, Tiger Global, D1 Capital Partners, Fidelity Management & Research Company, funds and accounts advised by T. Rowe Price Associates, Inc.

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5 Ways To Be Successful In Business Despite Bad Luck

Startup Professionals Musings

If you have had some success in a business, I’m sure you bristle just like I do when someone says “You were just lucky…” I’m a strong believer that we all make our own luck, which means that the harder we work, the luckier we get.

Magnite Raises $400M In Convertible Note Offering

socalTECH

Los Angeles-based advertising technology developer Magnite--formerly known as Rubicon Project--said it raised $400M in a convertible note offering. The company said the 0.25% convertible senior notes due 2026 included the exercise of an option to purchase $50M of additional notes to its initial purchasers. Magnite had originally said it would raise $350M in the convertible note offering. Magnite is currently in the process of a $1.17

EVgo Partners With Midwest Grocery Store Chain

L.A. Business Journal

Sawtelle-based EVGo will install electric vehicle charging stations at 256 Meijer locations

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Preccelerator Program Virtual Demo Day

SoCal Tech Calendar

Thursday, March 25, 2021 --.

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10 Strategies To Keep Ahead Of Market Changes Today

Startup Professionals Musings

I’m a very logical guy, so I still fondly remember when new solutions and technologies started trends on the basis of their logical strengths.

NuORDER Signs Black Diamond Equipment

socalTECH

Los Angeles-based B2B e-commerce software developer NuORDER said this week that outdoors product firm Black Diamond Equipment is in a partnership with the company, and will conduct all its wholesale practices through its digital buying platform. Financial arrangements between the two companies were not announced. NuORDER develops a B2B e-commerce platform which includes virtual showrooms, product recommendations, and order placement tools.

Super League Acquires Mobcrush Streaming

L.A. Business Journal

The Santa Monica-based amateur esports broadcaster says the merger will help it reach 85 million monthly viewers

Now approved in LA, Abodu’s backyard homes can now go from contract to completion in as little as 30 days

TechCrunch

Abodu , one of a slew of startup companies pitching backyard homes and office spaces to Californians in an effort to help address the state’s housing shortage, has instituted a new “Quickship” program that can take an order from contract to construction and installation in about 30 days. Behind the quick turnaround time is a pre-approval process that was first rolled out in Santa Fe and came to Los Angeles in recent weeks.

8 Ways Your Values And Results Make A Trusted Leader

Startup Professionals Musings

As an angel investor in new startups, I’ve long believed that investors invest in people, not ideas. But the magic that makes one entrepreneur stand out over others is hard to quantify – yet we all recognize it when we see it.

Citadel Defense Lands New Contracts

socalTECH

San Diego-based Citadel Defense says it has signed a number of international contracts, for its counter-drone systems. Details on the exact customers and financial impact of those contracts were not announced. The company said the wins came from Five Eyes (FVEY) customers, the intelligence alliance which includes Australia, Canada, New Zealand, the United Kingdom, and the United States.

NuOrder Raises $45 Million for Wholesale Ecommerce Platform

L.A. Business Journal

NuOrder Inc., the Century City-based developer of a wholesale ecommerce platform for brands and retailers, announced March 10 that it had raised $45 million in a new round of funding

Dense Wavelength Division Multiplexing; How organizations benefit from fiber networks’ capabilities

Southern California Edison Blog

Organizations leveraging fiber optic networks have access to Dense Wavelength Division Multiplexing (DWDM) capabilities, which essentially divides fiber cable bandwidth into multiple, smaller channels, which increases bandwidth.

Bankers As Buyers 2021

Steve Reich

I was honored to co-author an article with Jill Homan, President, DeepTarget for this year’s edition. Many thanks to William Mills Agency for including us. You can download a copy here

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Red Cell Targets Healthcare, Defense Technology With Investment, Incubation

socalTECH

Red Cell Partners, a newly formed investment and incubation company targeting healthcare and defense technology, announced it has launched the firm out of Washington and Los Angeles. The company said it will look to invest in companies and technologies in the areas of health care and defense. The firm was founded by Grant Verstandig, Josh Lobel, and John Tenet.

These 4 Programs Fuel SpaceX’s Ambitions

L.A. Business Journal

It has been nearly 20 years since Space Exploration Technologies Corp. was founded with the relatively humble goal of bringing down the cost of launching small satellites into orbit

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Heal Names New CEO

L.A. Business Journal

Sawtelle-based health care technology company Get Heal Inc., doing business as Heal, announced March 3 that co-founder and Chief Executive Nick Desai had stepped down

NuOrder Raises $45 Million for Wholesale Ecommerce Platform

L.A. Business Journal

NuOrder Inc., the Century City-based developer of a wholesale ecommerce platform for brands and retailers, announced March 10 that it had raised $45 million in a new round of funding

MediaAlpha Brings Innovation to Staid Insurance Industry

L.A. Business Journal

MediaAlpha Inc. is far from a typical tech startup

Montgomery Summit Posts Sessions Online

socalTECH

The Montgomery Summit, the annual gathering of technology industry luminaries, CEOs, venture and private equity investors, and others, may not have been held in person this year in Santa Monica--however, hearing insights from the conference's speakers might just be more accessible this year than it ever has been.

Pledge Finds $3M To Help Nonprofit Fundraising

socalTECH

Venice, California-based Pledge, which provides a fundraising platform which links businesses, nonprofits, and individuals to help raise money for nonprofits, has raised $3M in additional seed funding, the company said this week. The funding was led by Maven Ventures, along with Designer Fund, Mantis VC (the Chainsmokers Venture Fund), MS&AD Ventures and angels Randi Zuckerberg and Bill Tai, among others. The company says it has now raised $12M in total.

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Netflix Measures Carbon Footprint

socalTECH

Online movie streaming service Netflix, which has a significant presence in Los Angeles, has quantified its carbon footprint, using a tool created by UK researchers. According to calculations by the DIMPACT tool--developed by researchers at the University of Bristol--one hour of streaming is equivalent to running a 75W ceiling fan for four hours in North America, not an insignificant amount of energy. netflix carbon footprint dimpact streaming cleantech movie content

EVgo Inks Partnership With Grocery Chain Meijer

socalTECH

Los Angeles-based electric vehicle charging network operator EVgo says it has inked a deal with Midwest grocery and supercenter operator Meijer. According to the two, EVgo will install EV charging stations at Meijer's supercenters. Financial deals of that partnership were not announced by the companies. Meijer has more than 250 supercenters across Michigan, Ohio, Indiana, Kentucky, Illinois, and Wisconsin. The public fast charging stations will start rolling out this summer.

Snap Buys Fit Analytics

socalTECH

Venice, California-based Snap said on Wednesday that it has acquired Fit Analytics, which is developing machine learning technology which helps people figure out what clothing or shoes might fit them best. Financial terms of the acquisition were not announced. Fit Analytics is based in Berlin, and has around 100 employees. Fit Analytics' technology lets users enter their measurements and preferences, and uses that to help match those users to clothing available through online retailers.

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Find My Vax LA Looks To Streamline Vaccine Appointments

socalTECH

Find My Vax LA, a new website created by developer Andrew Friedman, is looking to help streamline vaccine appointments in Los Angeles County, allowing users to find both confirmed and possible available appointments. According to the website, it aggregates multiple vaccine providers sites--including myturn.ca.gov, carbonhealth.com/covid-19-vaccines/los-angeles, riteaid.com, and kaiserpermanente.org--and also tweets out as new appointments become available.

Viasat Gets Renewal From US Navy

socalTECH

Carlsbad-based satellite wireless equipment and services provider Viasat reported today that it has received a renewal contract from the U.S. Navy, and will continue to offer up managed internet, Wi-Fi, voice, and other services fro personal use networks across Navy facilities worldwide. Financial details of that contract renewal were not announced. Viasat says the contract was a five year extension with the Navy Exchange Service Command's NEXCOM Telecommunications Program Office.

Crate Modular Names New CEO

socalTECH

Los Angeles-based modular building manufacturer Crate Modular, which is baked by private equity investor WindSail Capital Group, said yesterday that it has named Rich Rozycki as its new CEO and member of its board. Rozycki was previously Senior Vice President at Z Modular, and also served at Champion Commercial Structures, in addition to serving as an attorney representing general contractors and real eastate investors.