2018

What Can You Learn From Ring’s Astounding Success?

Both Sides of the Table

Many people will write the history on why Ring became an enormously successful company and why it became a real-world unicorn in a world when many startups are anointed that merely on paper. Since I had a ringside seat to the company before it really existed all the way through the end I thought I’d offer my version and what I think it means for our future.

VCs say Silicon Valley isn’t the gold mine it used to be

TechCrunch LA

In the days leading up to TechCrunch Disrupt SF 2018, The Economist published the cover story, ‘Why Startups Are Leaving Silicon Valley.’ ’ The author outlined reasons why the Valley has “peaked.”

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LA Ranks Second in Tech Office Market Rent Growth

L.A. Business Journal

Los Angeles’ technology sector is growing, according to a recent study from real estate brokerage firm CBRE Group Inc

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Selling your business? Find the emotional buyer

Berkonomics

This is one of my favorite insights, since I lived this one in a positive exit from my computer business. Types of business buyers expanded. Most people will tell you that there are two kinds of eventual buyers for your business: financial and strategic.

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.

Remind Me Why I Love You? (Why “In Person” is Everything)

Both Sides of the Table

You had an amazing meeting with an investor. Your product demo crushed. The dialog was great. They told you how much they loved your space. The meeting was only supposed to last 45 minutes but you ran 90. The assistant tried to end the meeting twice but was shoooshed away. You race back to the office to tell everybody how well it went and you wait for the follow-up call to have a partners’ meeting or talk about term sheets or at least dip into due diligence. One week. Two weeks. Oh, fork.

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The next big restaurant chain may not own any kitchens

TechCrunch LA

If investors at some of the biggest technology companies are right, the next big restaurant chain could have no kitchens of its own.

More Trending

My First Book – Pricing Your Practice by Eric Greenspan

Eric Greenspan

Woke up and there it was, my book cover. She just made it and sent it to me. I looked at it for a bit and started thinking about writing it. Then I did. I published the initial draft this past weekend and it’s now available for pre-order on Amazon.

Pray.com Finds $14M For Social Networking For Religious Communities

socalTECH

Westlake Village-based Pray.com , which develops social networking applications for religious communities, has raised $14M in a Series A funding, the company said this week. The funding was led by TPG Growth, and also included Science Inc. and Greylock Partners. The startup, led by CEO Steve Gatena, has been based at California Lutheran University's Hub101 Incubator, and received a stealth seed funding round last year from Science and Greylock, which had not previously been announced.

Keep A Real Job Until Your New Venture Shows Traction

Startup Professionals Musings

One of the big decisions every aspiring entrepreneur has to make is when to quit your current job to devote yourself fulltime to your new startup. Some of you are so committed to the new passion that you quit your day job early, and dedicate all your time and resources to the new venture.

Top CTO Challenges for 2019

SoCal CTO

The LA CTO Forum recently conducted a survey to find out what our Chief Technology Officer (CTO) members saw as their biggest challenges heading into 2019. We received over 250 responses that provides a pretty good insight into the top CTO challenges. The rating scale was 1-5 with: Not a challenge A small challenge Somewhat a challenge Definitely a challenge Keeps me up at night We provide both an Average and a Scaled Rating that gives much higher weight to 4s and 5s and discounts 1s and 2s.

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Guerilla Marketing: An Empty UPS Envelope Doubled This Company’s Sales

InfoChachkie

A version of this article previously appeared in The Wall Street Journal. What would you do if you opened a UPS envelope and there was nothing inside? A scrappy startup inadvertently answered this question when they accidentally mailed several hundred empty UPS envelopes.

In 2018, Everything Old Is New Again…At Least As Far As Recruiting Is Concerned

Fistful of Talent

The recruiting world is a funny place. We have to bend, all the time. We scale up when supply is not in our favor, spreading our budgets thin and leveraging all resources. The sense of urgency, of securing “that hire” yesterday, is incredible. When supply is in our favor, we trim the budgets, and maximize time to fill. When one resource or tool no longer meets our needs, or generates nominal ROI, we move on.

Miso Robotics' Robot Chef Continues Work at Dodger Stadium

L.A. Business Journal

A Pasadena robotics and artificial intelligence outfit that’s been using a robot to fry chicken tenders at Dodger Stadium just gave the bots an upgrade to include the frying skill

Why not share your liquidity success with those who got you there?

Berkonomics

So, you are close to selling your company, and counting the profits a bit early. Well, that’s human nature. Here’s a thought for you to recall later when and if the event happens. Remember those who got you there.

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How to Improve Your Odds of Getting to Yes with a VC — “Land and Expand”

Both Sides of the Table

If you’ve read any of my ongoing series on fund raising from venture capitalist (episode 1?— ?controlling controlling your psychology ) you no doubt have heard me say that raising capital is a sales & marketing process.

VC firms of Kevin Durant and Snoop Dogg back Dutchie, a new cannabis delivery service

TechCrunch LA

Ross Lipson, the chief executive officer and co-founder of the on-demand marijuana and cannabis delivery service, Dutchie, had thought he was done with the online delivery business.

Framework Benchmarks Round 15

TechEmpower

What better day than Valentine's Day to renew one's vow to create high-performance web applications? Respecting the time of your users is a sure way to earn their love and loyalty. And the perfect start is selecting high-performance platforms and frameworks. Results from Round 15 of the Web Framework Benchmarks project are now available! Round 15 includes results from the physical hardware environment at Server Central.

13 Ecosystem Builders That Are Boosting Startup Growth

Tech.Co

If you’re an early-stage entrepreneur, technology has served you well. The barriers to entry when it comes to launching a company require less tension and a lot less capital. In fact, for the most part, all you need is a laptop and Wi-Fi connection. Still though, when founders are seeking funding, “ 75 percent of the venture capital goes to three states: Massachusetts, New York, and California,” said Steve Case in an interview with Recode.

Pavemint Literally Makes Parking In LA A Musical

socalTECH

Los Angeles-based parking marketplace Pavemint wants to make parking in Los Angeles like a musical--quite literally. In a promotion for the service, which connects people with parking spaces with LA residents needing a space, Pavemint has rolled out a new music video featuring such film and TV stars as HGTV's Property Brothers Drew and Jonathan Scott, KTLA's Libert Chan, and Cool Runnings' Rawle D. Lewis, Angelyne and Clipper Darrell, plus a long list of social media and influencers.

7 Tips To Test Your Idea As A Part-Time Entrepreneur

Startup Professionals Musings

Many experts will tell you that you can’t succeed as a part-time entrepreneur, as any good startup will require a 100 percent commitment of your time and energy. But not many of us have enough savings to live for a year or more without a salary, fund the startup, and still feed the family.

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Take advantage of the good times to build stakeholder loyalty.

Berkonomics

Loyalty is a hard-earned commodity. There are several times when stakeholder loyalty is tested to the limit. For employees, a late or missed payroll is the ultimate test of corporate loyalty, divorced even from an employee’s ability to make do without a paycheck.

The Life This Wearable Saves Might Be Yours

InfoChachkie

A version of this article previously appeared on Forbes. Have you ever had a couple of drinks, started to feel a mild buzz and wondered if you’re over the legal limit? If you’ve had drinks in a public setting, the answer is likely “Heck yes.”. A Santa Barbara based company, Milo Sensors, is tackling this problem via a wearable that constantly alerts your smartphone of your blood alcohol level.

Big tech companies are looking at Hollywood as the next stage in their play for the cloud

TechCrunch LA

This week, both Microsoft and Google made moves to woo Hollywood to their cloud computing platforms in the latest act of the unfolding drama over who will win the multi-billion dollar business of the entertainment industry as it moves to the cloud.

L.A. Among the Finalists for Amazon’s 2nd Headquarters

L.A. Business Journal

Los Angeles was named by Amazon as one of the 20 finalist cities for the Seattle e-commerce giant’s second headquarters

Los Angeles investors and entrepreneurs launch PledgeLA, a diversity and inclusion program

TechCrunch LA

In an attempt to boost diversity and inclusion efforts and civic engagement between the growing technology industry in Los Angeles and the community that surrounds it, over 80 venture capitalists and entrepreneurs joined the city’s mayor, Eric Garcetti, and the non-profit Annenberg Foundation to announce PledgeLA.

How Many Investors Should You Talk to in a VC Fund Raise? And How Do You Prioritize?

Both Sides of the Table

This is part of a series of advice for founders who need to raise money from venture capitalists. The first in the series is “ Lemons Ripen Early ,” which also has a link to other posts. The most important advice I could give you before you set out in fund raising mode is to understand that fund-raising a sales & marketing process and needs to be managed. Somehow many first-time founders equate “sales” with something that is beneath them.

Meet Lumi, the Los Angeles startup that just raised $9 million for a packaging business

TechCrunch LA

Alongside co-founder and longtime partner Stephan Ango, Jesse Genet has built a business with Lumi that’s already been profitable, and has just raised $9 million in venture funding to boost its growth. Read More. Fundings & Exits Logistics Startups TC lumi Spark Capital Los Angeles packaging eCommerce online retail online shopping e-commerce forerunner ventures

Framework Benchmarks Hardware Update

TechEmpower

We have retired the hardware environment provided by Server Central for our Web Framework Benchmarks project. We want to sincerely thank Server Central for having provided servers from their lab environment to our project. Their contribution allowed us to continue testing on physical hardware with 10-gigabit Ethernet. Ten-gigabit Ethernet gives the highest-performing frameworks opportunity to shine.

6 Ways Tech Startups Are Changing in 2019

Tech.Co

Tech startups are always looking to capitalize on the next big thing. And every year, the startup ecosystem is slightly different. Entrepreneurs preparing to launch a startup in 2019 should be aware of the latest trends that will guide their successes or failures. Industry analyst Mary Meeker’s 2018 Internet Trends presentation relies on data gathered across 2017.

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Casa Verde Capital Raises $45M Investment Fund

socalTECH

West Hollywood-based Casa Verde Capital said this week that it has raised $45M in its debut, investment fund, which will specifically invest in the "ancillary cannabis" industry. The venture capital firm--whose founders include Calvin Broadus (aka Snoop Dogg)--said it will specifically invest in agtech, health & wellness, financial services, technology, media, compliance and laboratory technology related to the legal cannabis industry. The company's Managing Partner is Karan Wadhera.

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7 Attributes Of People With An Entrepreneur Mindset

Startup Professionals Musings

As an angel investor and a mentor to aspiring entrepreneurs, I’m always disappointed to see founders who seem stressed out most of the time, and more annoyed than energized by the abundance of challenges they see in building their startup.

Can you defend your pricing niche against your competition?

Berkonomics

This week, we continue our series on marketing and positioning. There can be nothing more important in your business planning that selecting the proper pricing niche, making your story clear using that niche, and the defending your position against the competition.

OK, So Maybe Not ALL MBA Entrepreneurs Are Oxymorons

InfoChachkie

A version of this article previously appeared in Forbes. “As much as possible, avoid hiring MBA’s. MBA programs don’t teach people how to create companies … our position is that we hire someone in spite of an MBA, not because of one.”

The top 10 cities for $100M VC rounds in 2018 so far

TechCrunch LA

Jason Rowley. Contributor. Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor. The SaaS VC gap: China & other markets trail the US. Early-stage SaaS VC slip snaps recovery as public software stocks soar.

Silicon Beach Report Feb. 2: Science Closes $75 Million Fund

L.A. Business Journal

Science closes $75 million fund; Elon Musk’s Boring Co. sells all its flamethrowers; and Snapchat is selling hats and sweatshirts inside its app

The brains behind one of marketing’s biggest hits are out to reshape the industry again… with direct mail

TechCrunch LA

Postie , a new Los Angeles-based startup, has a vision for the future of advertising and marketing — and it’s direct mail.