Sat.Dec 31, 2022 - Fri.Jan 06, 2023

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Hackers claim ransomware attack on Los Angeles housing authority

TechCrunch LA

The Housing Authority of the City of Los Angeles, or HACLA, has confirmed it is investigating a cybersecurity incident shortly after the LockBit ransomware gang claimed responsibility for a cyberattack on the agency. HACLA, which provides affordable housing to more than 19,000 low-income families across Los Angeles, was added to LockBit’s dark web leak site on December 31.

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Looking to be acquired? Think the 10/40 or 20/20 rules.

Berkonomics

Public companies looking to acquire your growing enterprise usually have a few financial measures that help them weed out those candidates that will be too expensive in terms of effort or of too little financial attractiveness. The first rule: 10/40: One of my company CEOs recently described his rule for acquisition success, and it resonated with me as a great goal for planning during acquisition exercises.

.Net 156
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10 Keys To More Satisfaction In Your Business In 2023

Startup Professionals Musings

Welcome to another challenging new year ahead! You’ve probably already made your resolutions for 2023, but if not, I suggest a renewed commitment to finding happiness and satisfaction in your chosen business lifestyle. After all, most of us spend more hours in this role than any other, and life is too short to spend most of your life unhappy. As a mentor to entrepreneurs and business owners, and seeing their workload and challenges, it would be easy for me to conclude that starting a business is

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Spotter Expands Partnership With Havas Media Group

socalTECH

Los Angeles-based Spotter, which connects creators with funding to develop content for brands and businesses, and media agency Havas Media Group (HMG) North America said today that the two are in a new partnership. Financial details of the deal--which will fund more investments in YouTube creators--were not announced. Spotter says it provides YouTube creators with capital from brands and businesses, allowing those creators to "reinvest those funds however they choose, from hiring a team, to buil

Media 100
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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.

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Micromobility in limbo: Takeaways from Paris and LA

TechCrunch LA

Shared electric scooters came onto the scene five years ago with a promising vision of getting people out of cars and onto greener modes of transportation. Yet despite billions in VC money and plenty of hype , the future that micromobility companies promised still hasn’t quite arrived. In cities like Paris, most people aren’t replacing car trips with shared e-scooter jaunts in a meaningful way; the cost of riding scooters makes them an expensive option for last-mile transit connections and equit

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Product Sciences Picks Up $18M For Mobile App Analysis

socalTECH

Los Angeles-based Product Science said this week that it has raised $18M in a seed funding round. The funding came from Slow Ventures, Coatue, K5 Global, Mantis Ventures, plus angels Peter Fenton (Benchmark), Jerry Murdock (Insight Partners), and executives at Snap. The company says it is developing software that analyzes pre-product, mobile application code using artificial intelligence, to help improve mobile performance of apps.

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Report: Autonomy Running Out Of Money

socalTECH

A report from Business Insider says that Los Angeles-based electric vehicle subscription company Autonomyis running out of money and in "dire straits". According to the report, the company--which offers up Tesla vehicles on a subscription basis--is in the midst of attempting to find emergency funding. The company appears to have been hit by the same winds that have caused Tesla's stock price to plunge in recent weeks.

Report 100
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Amazon To Cut 18,000, Unclear On Hollywood Impact

socalTECH

Amazon.com said on Wednesday that it is cutting 18,000 people from its work force, including roles in its Devices and Books business, plus People, Experience, and Technology (PXT) organization -- the latest cuts in the technology industry. It's unclear how those cuts might affect the company's efforts in Hollywood, where Amazon has a significant presence.

Hollywood 100
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Ring Opens Preorders For Car Cam

socalTECH

Los Angeles-based Ring, now part of Amazon, has opened up pre-orders for its Car Cam, the company's version of a dashboard camera. The product includes two cameras, one for both the exterior and interior, and also includes a microphone and speaker which allows owners to communicate through the device. The product--first announced in 2020--was supposed to ship in 2021.

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Faraday Future Swizzles Board

socalTECH

Los Angeles-based electric vehicle maker Faraday Future said over the holidays that it has appointed two new directors to the company's board. According to Faraday Future, it has appointed Xuefeng ("XF") Chen and Ke Sun to the company's board, as a result of the resignation of two directors, Dr. Carsten Breitfeld and Mr. Edwin Goh. Interestingly enough, in the announcement, Faraday Future thanked Goh for his service on the board -- but not Breitfeld.

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Teledyne Acquires ChartWorld

socalTECH

Thousand Oaks-based Teledyne Technologies said on Tuesday that it has acquired ChartWorld International. Financial terms of the deal were not announced. ChartWorld is based in Headquarters, and develops digital marine navigation hardware and software. The company also has lactions in Hamburg, Singapore, Vancouver and Tokyo.

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Impulse Space Plans Orbital Mission

socalTECH

El Segundo-based space startup Impulse Space says it is planning its first mission, a demonstration of its "orbital service vehicle", which it has named "Mira". According to the company, it is planning a demonstration mission to performan in-space services, including last-mile orbital payload delivery, payload hosting, very low altitude maneuvers and controlled atmospheric re-entry.

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Blacksmith Medicines Merges With Forge Therapeutics

socalTECH

San Diego-based Blacksmith Medicines and Forge Therapeutics said Monday that the two companies are in a definitive merger agreement. Financial details of the merger were not announced. According to the two, they will focus on the development of medicines targeting a large class of proteins called metalloenzymes, with initial focus on oncology and infection.

San Diego 100
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VideoAmp Wins Warner Bros. Discovery

socalTECH

Santa Monica-based VideoAmp, which develops advertising measurement software, said this morning that it has inked a deal with Warner Bros. Discovery. According to VideoAmp, it will measure cross-screen campaigns for Warner Bros. Discovery. Financial impact of the win was not announced. VideoAmp is led by CEO and Founder Ross McCray. The company is backed by The Spruce House Partnership, D1 Capital Partners, Tiger Global, EPIQ Capital Group and Ankona Capital Partners.

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indie Semiconductor Ties With Seeing Machines

socalTECH

Aliso Viejo-based indie Semiconductor, which develops chips for the automotive industry, said it has entered into a strategic partnership with >Seeing Machines. Seeing Machines is a developer of computer vision processors. The companies said the partnership involves deploying Seeing Machines technology into indie's vision sensing system-on-chips (SoCs).

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10 Reasons To Market Globally While Selling Locally

Startup Professionals Musings

The world of marketing is changing faster than technology these days. Winning entrepreneurs have long since supplemented conventional print and video “push” marketing with digital online interactive “pull” marketing, and a while back added social-local-mobile ( SoLoMo ) to the mix. Mobile and global are driving all of these in innovative new ways to grow your business.

Marketing 107
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6 Startup Challenges That Can Be Mitigated With Focus

Startup Professionals Musings

Many passionate entrepreneurs fight to add more features into their new products and services, assuming that more function will make the solution more appealing to more customers. In reality, more features will more likely make the product confusing and less usable to all. Focus is the art of limiting your scope to the key function that really matters for the majority of customers.

Startup 114
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6 Tactics To Ensure Your Team Is Happy And Productive

Startup Professionals Musings

Whether you are an entrepreneur managing a startup, or a corporate executive with thousands of employees, it’s hard to ignore the evidence of big value from happy employees. According to a classic study from Deloitte , happy employees have been shown to be up to 20 percent more effective in the workplace than unhappy employees, as well as far more loyal and productive.

Product 110
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8 Tips For Success In Turning A Dream Into A Business

Startup Professionals Musings

As an advisor to business professionals and entrepreneurs, I often hear about an innovative new solution that could lead to business growth or a new business. Unfortunately, in my experience, it takes much more than an innovative idea to launch a successful business today. Some of the additional elements are critical and often overlooked in your passion to move ahead quickly.

Tips 80
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5 New Venture Surprises With Ways To Recover Quickly

Startup Professionals Musings

Most entrepreneurs are so convinced that they are the disruptive element, they fail to anticipate that unknown facts or events can and will occur to disrupt their own well-laid plans. While it’s true that there is no way of know specifically what might happen, you need to anticipate the worst, and actually build a Plan B. People who haven’t thought about a Plan B often don’t survive the shock.

Startup 98