socalTECH

SEPTEMBER 18, 2013

The company said the layoffs come as part of an "increased commitment to premium programming". Machinima has apparently been looking for a big funding round in recent months. The layoff is not the first for Machinima, which also cut around 10 percent of its staff back in December. READ MORE>>.

Layoffs 133

Layoffs Hollywood Venture Capital Content 133

socalTECH

APRIL 10, 2014

Zumbox had raised at least $28M in funding from such investors as Compushare, Shelter Capital Partners, Michael Eisner, and others. zumbox postal delivery mail shutdown employment jobs layoff' READ MORE>>.

Zumbox 157

Zumbox Layoffs Los Angeles Invest 157

TechCrunch LA

APRIL 6, 2020

This week, we’ll highlight Via’s Series E funding round that was led by Exor. Via gets the “deal of the week” designation not just because its post-funding valuation is now $2.25 Enovix, which has developed a silicon-based lithium-ion battery, has raised $45 million in new funds. Deal of the week.

Layoffs 136

Layoffs Startup Newsletter Santa Monica 136

socalTECH

APRIL 19, 2013

It all looked good at the time: oil company Exxon needed to develop a more earth-friendly way to produce oil, and San Diego startup Synthetic Genomics needed funding to get its technology off the ground. But then, ExxonMobil cut back its original investment--worth up to $600M--in Synthetic Genomics. What happened?

Layoffs 159

Layoffs Outsource Development San Diego Mobile 159

socalTECH

DECEMBER 11, 2009

Verari had raised over $59M in funding from such investors as Carlyle Group, Celerity Partners, Sierra Ventures, and Voyager Capital. Tags: verari systems blade server shutdown employment jobs layoff. According to InsideHPC, Verari Systems shut down due to lack of access to capital. READ MORE>>.

Layoffs 133

Layoffs Technical Review San Diego Report 133

TechCrunch LA

JANUARY 26, 2022

“[W]e are shifting our technology strategy to leverage external partners for parts of our platform that we’re currently maintaining internally,” Weiss wrote in the email announcing the layoffs to staff. The tech team layoffs are notable for a beauty retailer that has often described itself as a technology company.

CTO Hire 197

CTO Hire Layoffs Commerce Email 197

socalTECH

NOVEMBER 19, 2009

In the statement, Aptera said it will begin volume production when it receives private funding or if it can secure financing through the Department of Energy's Advanced Technology Vehicle loan program. Tags: aptera venture capital layoff employment jobs electric green automobile auto. Aptera is venture backed by Google and Idealab.

Layoffs 145

Layoffs Idealab Venture Capital Google 145

socalTECH

NOVEMBER 16, 2009

Aptera, which is building lightweight, composite electric and plug-in hybrid vehicles, is funded by Idealab and Google, among others. Wired said that Fambro and Anthony were ousted in a confrontation with the company's board, and come after recent layoffs at the firm. Photo: Aptera's Typ-1 and co-founder Steve Fambro in better times).

Idealab 140

Idealab Layoffs Google Report 140

socalTECH

NOVEMBER 14, 2017

The bankruptcy follows a layoff of all of the company's employees in July , when it said it was unable to raise money to further fund its spacecraft development efforts. At the time of the layoffs, it said it would be continuing to look for funding.

Layoffs 113

Layoffs Southern California Email Report 113

socalTECH

MAY 23, 2012

It's unclear on the reasons behind the layoffs, however, the solar power industry in the United States has been seeing some serious retrenchment, due to low cost modules from China, and decreased funding for solar projects from the DOE. The company also had received a $90M Department of Energy loan guarantee. READ MORE>>.

Layoffs 133

Layoffs Technical Review Funding Technology 133

socalTECH

MAY 7, 2009

in funding in 2007, from Tudor Investment Corporation and the Pilot Group, and was apparently unable to raise a second round of financing. Tags: 60frames online entertainment content hollywood studio layoff shutdown. 60Frames had raised $3.5M 60Frames had been incubated within the United Talent Agency and Spot Runner. READ MORE>>.

Layoffs 113

Layoffs Hollywood Entertainment Incubator 113

socalTECH

DECEMBER 18, 2018

UK-based augmented reality technology developer Blippar , which had been backed by Qualcomm Ventures, has gone into administration in the UK--their equivalent of bankruptcy--after failing to obtain new funding for the company. READ MORE>>.

Layoffs 133

Layoffs Content Funding Invest 133

socalTECH

MARCH 1, 2019

A new report says that there are now a total of 11 lawsuits filed against troubled Los Angeles-based electric car maker Faraday Future , as it struggles to restart its operations after massive layoffs after its main investor, Evergrande Health, pulled its support from the firm. READ MORE>>.

Report 113

Report Layoffs Los Angeles Funding 113

socalTECH

FEBRUARY 23, 2015

Los Angeles-based YouTube network Machinima revealed last week that it has raised $24M in a funding round from Warner Bros., However, the company also made some big cuts in its staff on Friday, following the funding round. The company has now raised nearly $100M in funding over its lifetime. READ MORE>>.

Layoffs 100

Layoffs Redpoint Hollywood Report 100

socalTECH

MAY 15, 2020

in a Series A funding. The funding came from Voyager Capital and the Emerson Collective. Syndio's software is used to analyze employee compensation in real time, determining how hiring, promotion, layoffs, and other factors change pay equity. The company's CEO is Maria Colacurcio.

Layoffs 113

Layoffs Equity Los Angeles Software 113

socalTECH

JULY 6, 2017

XCOR--which has been working on developing a "space plane" since at least 2005--said the layoffs came due to "adverse financial conditions", although it apparently is still looking for funding. XCOR has apparently laid off all of its employees , due to the inability of the company to raise money.

Fandango 113

Fandango Layoffs Southern California Funding 113

socalTECH

FEBRUARY 27, 2015

Los Angeles-based online fashion retailer Nasty Gal has raised $12.7M, as part of an ongoing venture funding targeted at $16M, according to a regulatory filing by the firm this week. Source of the new funding was not announced. The new funding brings the company''s total raised to $61.7M. READ MORE>>.

Layoffs 100

Layoffs Venture Capital Los Angeles Funding 100

socalTECH

MARCH 19, 2009

Cortex said it will "evaluate all options for raising cash" to fund the company, including licensing, partners, and other strategic options. Tags: employment layoff cortex pharmaceuticals psychiatric lifescience.

Layoffs 100

Layoffs Research Capital Funding 100

socalTECH

MAY 31, 2012

It's unclear what the troubles at A123 mean for Fisker, which itself has seen troubles this year, including issues with gaining access to funding from the Department of Energy, and a subsequent layoff. READ MORE>>.

Layoffs 124

Layoffs .Net Report Funding 124

Tech.Co

OCTOBER 31, 2022

A huge number of tech companies have made layoffs in 2022 , whilst others have taken advantage of video conferencing software and other remote collaboration tools to offer flexible working arrangements and retain the best talent. That’s even higher than “funding” (43%), “time” (41%), and “cash flow” (40%). Survey Says: Go Your Own Way.

Layoffs 126

Layoffs Report Tool Software 126

socalTECH

OCTOBER 12, 2016

NastyGal--founded by Sophia Amorusa--had been facing some major headwinds over the last few years, which had resulted in Amorusa resigning as CEO and layoffs at the company. READ MORE>>.

Report 100

Report Layoffs Equity Los Angeles 100

Both Sides of the Table

SEPTEMBER 15, 2010

Either downside scenario requires angel deals to be funded further. My thesis on why this is happening is that large tech companies didn’t invest enough in R&D between 2008-2010 (Google even went through layoffs!!!) Yes, the VC industry was over funded and too many non value-add people entered the industry.

Invest 284

Invest Angel Venture Capital Startup 284

socalTECH

MAY 23, 2012

BetterWorks had raised $10M in funding from Redpoint Ventures. Craig said that the shutdown came as a result of not being able to sustain a large enough market, relative ot the high cost of customer acquisition. BetterWorks--and Paige Craig--have been one of the companies driving the growth in Santa Monica's Silicon Beach. READ MORE>>.

Santa Monica 275

Santa Monica Redpoint Email Activity 275

Both Sides of the Table

FEBRUARY 25, 2019

Should we cut costs, do layoffs, close divisions and focus scare resources on fewer projects? One board member comes from a small VC fund hoping to exit early while another has written a $50 million check and expects different decisions to be made. The founders of a company are fighting. Can we help them get along?

Startup 269

Startup Venture Capital Layoffs Resource 269

Both Sides of the Table

JANUARY 22, 2013

” That way you aren’t hitting him up on an important topic when he might be stressed out about company layoffs, fund raising or some other major stress at work. Say “we don’t need to discuss this now, but we need to schedule time to discuss X as its really important.” Work Travel isn’t fun.

Tips 418

Tips Startup Email Blogging 418

socalTECH

JUNE 21, 2019

We write checks from $500K to a million dollars, and we like to fund engineers turned entrepreneurs. We had to do a reduction-in-force and layoff early in our career, and I thought we were done. Minnie Ingersoll: We do early stage investing. That could be pre-seed, seed, seed-plus, A-minus, whatever you want to call it.

Southern California 133

Southern California Startup Layoffs Venture Capital 133

TechCrunch LA

APRIL 30, 2019

Faraday was previously said to be in talks with EVAIO Blockchain over a possible $900 million in funding last November. The company has yet to enter mass production five years after its launch, mainly as a result of a series of financial issues that have ended in layoffs, unpaid wages, furloughs, property selloffs and much more.

Invest 143

Invest Layoffs Los Angeles Product 143

Berkonomics

SEPTEMBER 24, 2015

Dave’s note: Our guest author this week is John Huston, founder of the 300+ member Ohio TechAngel Funds and a past Chairman of both the Angel Capital Association and the Angel Resource Institute. . Until it is reached, survival still hinges on the kindness of outside funding sources. By John Huston.

Layoffs 120

Layoffs Sales Acquisition Startup 120

socalTECH

JANUARY 15, 2009

We've used the profits from NeoHire for funding. It's not just that a consumer can get their resume online, and have a url to share with them--for a startup company, and with the economy right now, they don't have funds to pay for recruiting agencies, they don't have funds to pay for Monster, Hotjobs, or Careerbuilder.

Startup 140

Startup Yahoo Sites Oversee.net 140

Startup Professionals Musings

AUGUST 7, 2020

Distinguish growth opportunities from survival efforts, and make sure they are adequately funded, rewarded, and measured. This means identifying initiatives early, communicating openly with your team, and asking for their help on the dilemmas of production cuts and layoffs. Constantly scan the horizon for growth opportunities.

Technical Review 124

Technical Review Layoffs Social Media Metrics 124

Both Sides of the Table

SEPTEMBER 14, 2010

Either scenario requires angel deals to be funded further. My thesis on why this is happening is that large tech companies didn’t invest enough in R&D between 2008-2010 (Google even went through layoffs!!!) Yes, the VC industry was over funded and too many non value-add people entered the industry.

Invest 152

Invest Angel Venture Capital Startup 152

TechCrunch LA

APRIL 24, 2020

It was enough to get the attention of investors and at least two global OEMs as customers. Divergent can’t name the customers because of non-disclosure agreements.

Startup 251

Startup Technical Review Outsource Development Platform 251

socalTECH

NOVEMBER 25, 2008

High Tower was backed by Falcon Fund, Hallador Venture Fund, INROADS Capital Partners, J.F. The firm had raised at least $24M in funding, and was founded in 1999. A spokesperson at the firm told socalTECH that the shutdown occurred yesterday, and that the firm is now in the process of looking for buyers of its technology.

Software 124

Software Tech Coast Angels SoCalTech Funding 124

socalTECH

JULY 28, 2017

Whisper, led by Michael Hayward, has raised $61M in total funding. Venice, California-based Whisper , which operates an app and website that lets users share anonymous thoughts--and combines that with other content--has reportedly laid off 20 percent of its staff, or 14 out of its 71 employees, according to a report on Friday. READ MORE>>.

Venice 140

Venice Report Content Funding 140

Startup Professionals Musings

FEBRUARY 15, 2013

In a startup, key resources include funding, facilities and tools, and the time to get the job done. Recruiting is the inverse of layoffs, which reduces motivation in everyone. Show by your words and actions that you value their role. Resources. A team that doesn’t have the resources to do their job will lose their motivation rapidly.

Entrepreneur 99

Entrepreneur Startup Resource Layoffs 99

Startup Professionals Musings

FEBRUARY 18, 2014

In a startup, key resources include funding, facilities and tools, and the time to get the job done. Recruiting is the inverse of layoffs, which reduces motivation in everyone. Show by your words and actions that you value their role. Resources. A team that doesn’t have the resources to do their job will lose their motivation rapidly.

Startup 108

Startup Resource Tips Layoffs 108

socalTECH

APRIL 13, 2020

Our interview today is with Greg Martin , co-founder of LiquidStock (www.liquidstock.com), an investment fund which offers up a way for employees of private companies to exercise their stock options before an IPO or acquisition. Greg Martin: I raised a fund called LiquidStock, with three partners. Tell us what you're up to now?

Startup 113

Startup Paramount Invest Capital 113