Sat.Dec 04, 2021 - Fri.Dec 10, 2021

Is there gold in your old intellectual property?

Berkonomics

Digging through your IP closet for gold….

6 Reasons For Your Business To Embrace Social Media

Startup Professionals Musings

An all-too-common question I get from startups and small businesses is “Which is the right social media platform for my business?” Is it Facebook, Twitter, LinkedIn, or one of the other 200 active platforms vying for attention these days?

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Addressing Tech Startup Challenges With Managed Network Services

Southern California Edison Blog

Networks play a vital role in supporting tech startup growth objectives. However, many small businesses may struggle with operational costs and scaling their networks effectively.

Nanotech Energy Aims At Delivering To Battery Market By End Of 2022

socalTECH

Los Angeles-based startup, Nanotech Energy, is pitching customized, non-flammable Lithium-ion battery packs, saying it plans to deliver its products by Q4 of 2022. The company said it is developing graphene-based batteries and pouch cell battery packs, which it says can be used to power electric vehicles, bikes and scooters. The company has yet to deliver any products to market, but says it is now taking pre-orders for the yet-to-be-developed products.

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.

7 Leadership Insights That Lead To Business Success

Startup Professionals Musings

During my many years in business, both as a professional and an entrepreneur, I always wished I knew the secret to success. Although I was never able to pinpoint any single one, I have gathered some insights which I’m certain are key.

Mentor 101

I Haven’t Seen A Startup Yet Thrive Without Marketing

Startup Professionals Musings

Every time I challenge a business plan with little or no budget for marketing, I get the answer that they will be using “viral” marketing, which costs nothing.

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5 Options To Consider Before Giving Up On A Business

Startup Professionals Musings

If you are just plain tired of working so hard, or your startup is not getting the traction you expected, should you shut down cleanly, or just file for bankruptcy and walk away? For those who think that bankruptcy is the easy way out, think again.

Press 90

How to Strengthen Tech Startup Security Against Cyberattacks

Southern California Edison Blog

Malicious attackers perceive tech startups as vulnerable, valuable targets: startups often have fewer infrastructure protections and smaller IT teams than their more established counterparts, and multiple connections to larger companies with lucrative data. .

Email 82

PARCLL Expands In Dallas-Fort Worth

socalTECH

Los Angeles-based e-commerce logistics provider PARCLL said this week that it is expanding its network of facilities, and is opening up a new facility in the Dallas-Fort Worth, Texas area. The company said its now has facilities in Long Beach, New York City, Chicago, and Miami. PARCLL says it offers up small package delivery services for both domestic and international small parcel delivery. The company said the new facility is 65,000 square feet. parcll dallas parcel delivery logistics

Lighthouse Adds Security Deposit Insurance

socalTECH

Los Angeles-based software developer Lighthouse, which develops software for landlords and tenants, says it is expanding its service, and will begun offering up security deposit insurance. The company said the new offering comes as a result of a partnership with Topa Insurance Company. Lighthouse said the service allows tenants to pay a monthly premium for insurance to cover lost rent or property damage, replacing the need for a high sum security cash deposit.

FIGS CFO To Retire

socalTECH

Santa Monica-based healthcare apparel provider FIGS said this morning that its CFO, Jeffrey Lawrence, is retiring. According to FIGS, Lawrence will retire effective December 24th. Lawrence has been CFO of the company since December of 2020. FIGS did not say who will replace Lawrence as CFO at the company. The company said Lawrence had previously come out of retirement to help the company with its IPO. figs executive jeffrey lawrence

Esri Links With Microsoft On Satellite Imaging

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Redland-based geographcial information systems (GIS) software developer Esri and Microsoft have linked together on managing satellite imaging processing and analysis, according to the two. According to the two, Esri's ArcGIS Image will provide processing and analysis on imagery hosted in Azure Orbital, Microsoft's Satellite Ground Station As a Service. Financial details of the link between the companies were not announced. esri microsoft satellite imaging geographical information systems

Stratolaunch Snags Contract With Defense Agency

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Mojave-based Stratolaunch, which is developing an aerial rocket launch system based on its own aircraft design, says it has snagged a research contract with the Missile Defense Agency (MDA). stratolaunch defense military space spacecraft hypersonic testing aerospace

Bloom Science Scores $12M

socalTECH

San Diego=based Bloom Science, a biotech startup developing microbiome-based treatments for neurological and inflammatory disease, says it has raised $12M in its Series A funding. The funding was led by Leaps by Bayer, the impact investment arm of Bayer AG, and the ALS Investment Fund, and also included Apollo Health Ventures, plus existing investor, Joyance Partners. The company said it is initially focusing on treating drug resistant epilepsy and Amyotrophic Lateral Sclerosis (ALS).

First Resonance Finds $14M

socalTECH

Los Angeles-based First Resonance, which develops software for manufacturing operations, announced this morning that it has raised $14M in a Series A funding. The funding was led by Craft Ventures, and also included Blue Bear Capital, Fika Ventures, and Stage VP. As part of the funding, Michael Tam of Craft Ventures will join First Resonance's board.

SpaceX 109

NZXT Gets $100M For Gaming PCs

socalTECH

City of Industry-based NZXT, a maker of custom, gaming PCs, has raised $100M in a strategic investment, the company said this week. The funding came from private equity investor Franciso Partners. Acording to NZXT, the investment will bring on more senior talent, expand its product offering to include new hardware categories, expand its direct-to-consumer offering in new global markets, among other efforts.

Cornerstone OnDemand Links Into Leadership Podcasts

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Santa Monica-based human resources (HR) software ad training products company Cornerstone OnDemand says it is in a new partnership with podcast provider WaitWhat, to offer up leadership podcasts featuring LinkedIn co-founder Reid Hoffman, interviewing such leaders as Barack Obama, Arianna Huffington, Bill Gates, Tory Burch and Sir Richard Branson, as well as the founders and CEOs of Netflix, AirBnb, Peloton, Delta, Nike, Disney, Spotify, Starbucks, Google, Pepsi and others.

ChowNow Touts Better Profits For Restaurants

socalTECH

Los Angeles-based ChowNow said on Tuesday that it has launched a brand new feature on its marketplace, providing a new "Diner Impact Score" which shows end users how much they are saving their local restaurants by using its app, instead of others. According to the company, it is cumatively tracking the impact diners can create by placing orders through its ordering platform, instead of other apps.

Crexi Hosts $205M Auction

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Los Angeles-based commercial real estate marketplace Crexi says it has hosted its largest ever auction of a property, a $205M property in Las Vegas. According to the company, the auction was for the Beltway Business Park in Las Vegas, Nevada. The company said it sold at 32 percent over reserve, and received 15 total bids. The company says that it now has over 225 employees, and so far has helped to close upwards of $330 billion in transactions.

ChargeSentry Aims To Fix Merchant Chargebacks

socalTECH

Los Angeles-based ChargeSentry, a new fintech startup looking to help e-commerce merchants stem revenue loss from "chargebacks"--the automatic refunds given by credit card companies when consumers complain of unauthorized charges. According to ChargeSentry, it has developed a chargeback response service which automatically manages chargebacks for e-commerce merchants, aiming to help small and medium-sized merchants, who do not have the resources of large enterprise merchants to handle the issue.

Bird Launches New Products At Target

socalTECH

Santa Monica-based micromobility services provider Bird is offering up several new, retail products at Target, saying it has launched three new retail vehicles. The company said it has launched the electric Bird Bike, the Bird Flex e-scooter and Birdie Glow, a "children's kick scooter with light-up wheels!". The company said the new line of products are aimed at users interested in owning their own "micromobility device". The Bird Bike is Bird's first consumer e-bike.

MARQUE Luxury Opens Retail Location In Houston

socalTECH

Irvine-based MARQUE Luxury, which provides wholesale, pre-owned designer handbags and other goods, says it has opened up a new, retail location in Houston, Texas. The company said its new "Re-commerce Hub" will display its product offerings, including designer bags, watches, jewelry, and accessories. The company said its digital inventory catalog will be available for purchase at the location as well. MARQUE Luxury recently raised $20M in a funding from Provident Capital Partners in November.

ExamRoom Live Launches Medical Practice Software

socalTECH

San Diego-based ExamRoom Live, a startup developing medical practice software, said on Monday that it has launched a new app, which lets medical offices handle telehealth, payment, text messaging, Efax, and time tracking. The company says its service starts at $10 per month, is compliant with HIPAA regulations, among other. examroom medical practice time tracking hipaa health

Better, With Offices In Irvine, Gets Heat For Zoom Layoff, Insults

socalTECH

Venture-backed startup Better.com, which offers up an online mortgage service--and which has offices in Irvine--is getting widespread heat for its approach to layoffs--a three minute Zoom call, and the CEO's messages saying those laid-off employees were "stealing" from the company having allegedly working only two hours daily.

Sequoia Games Snags Series A

socalTECH

Los Angeles-based game studio Sequoia Games says it has raised a Series A round of funding, from such angels as. Mark Mastrov (founder of 24 Hour Fitness), Steve Kokinos (CEO of Algorand), George Ruan (founder of Honey, recently acquired by PayPal), as well as Borderless Capital, KittyHawk Ventures, and Citta Capital. According to the company, it is developing licensed sports gaming titles, which fuse professional sports and augmented reality.

Claremont McKenna Gets $40M For Science Center

socalTECH

Claremeont McKenna College says it has received $40M for a new sciences center, from the W.M. Keck Foundation. The school said the new center will house its new integrated sciences program, and will be named the Robert Day Sciences Center, honoring Claremont McKenna alumnus and trustee, and W.M. Keck Foundation Chair and Chief Executive Officer. The new center will be 120,000 square feet. wmkeck claremont mckenna science center

Semtech Settles Lawsuit With Spark Connected

socalTECH

Camarillo-based semiconductor developer Semtech and wireless power company Spark Connected said the two companies have settled their intellectual property dispute. Financial details of the settlement were not announced. Spark Connected had sued Semtech in the United States District Court for the Eastern District of Texas over patent infringement, in Case No. 4:18-cv-00748. The case had been filed in October of 2018. The two said that, as part of the settlement, both parties denied any liability.

Clearlake Capital Sells Provation

socalTECH

Santa Monica-based private equity investor Clearlake Capital says that it has sold one of its portfolio companies, Provation, which provides software to the healthcare industry. Financial details of the sale were not announced. Clearlake said it investedin Provation in March of 2018, after a carve-out acquisition from Wolters Kluwer. The company also funded the acquisition of four companies for Provation, including MD-Reports, ePreop, iProcedures and endoPRO.

NASA Awards SpaceX Three Crew Flights On Boeing Delays

socalTECH

NASA said on Friday that it is awarding three more, crewed astronaut missions to SpaceX. According to NASA, the addition of those three new crew flights will allow the agency to "maintain an uninterrupted U.S. capability for human access to the space station." The contract award comes as SpaceX competitor Boeing has seen more delays for its own spacecraft launch efforts.

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Caltech Sues Samsung Over Patents After $1.1 Billion Win

socalTECH

The California Institute of Technology has filed a new patent infringement lawsuit, after winning $1.1 billion in damages in a patent infringement lawsuit last year against Broadcom. Caltech filed a lawsuit gainst Samsung, saying that Samsung's Galaxy phones, tablets, and watches use Wi-Fi chipsets which infringe on five of its patents. Caltech also has a lawsuit pending against Microsoft, alleging Microsoft's Surface tablets, laptop, and videogame systems also infringe on those same patents.