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

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 Report San Diego 133

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 25, 2008

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. 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.

Software 124

Software Tech Coast Angels SoCalTech Funding 124

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

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

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

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

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

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

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

socalTECH

JUNE 2, 2020

Bird acquired Circ in January as part of its expansion plans, raising $75M more in its Series D funding round for those efforts. According to those reports, as many as 10,000 of Circ's scooters have been sent for recycling, and around 100 employees laid off. READ MORE>>.

Santa Monica 113

Santa Monica Demand Report Funding 113

socalTECH

FEBRUARY 17, 2017

Ryan Blair: The theme around the fund is pretty simple. I learned a hell of a lot, invested my gains, and set up my venture fund, knowing I was going to monetize the network I had created. So where is the fund now? Ryan Blair: I took $20M of personal capital to start the fund. What's the theme of your investments?

Venture Capital 100

Venture Capital Entrepreneur Technical Review Software Review 100

socalTECH

SEPTEMBER 18, 2008

Finally, the firm also said that it has appointed Michael Murphy of AlixPartners as its interim COO and interim Chief Administrative Officer as part of the funding. NextWave said that the debt will go towards funding its operations into 2010. The debt comes from Avenue Capital Management II, L.P. READ MORE>>

San Diego 100

San Diego Invest Sales Funding 100

socalTECH

DECEMBER 9, 2019

The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund. Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, and is now seeking a sale, according to CNBC.

Demand 100

Demand Sales Los Angeles Invest 100

socalTECH

DECEMBER 9, 2019

The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund. Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, according to CNBC.

Demand 100

Demand Los Angeles Sales Invest 100

socalTECH

JANUARY 30, 2009

In other funding new, Slacker has apparently raised a bridge financing worth $5M--no comment yet from the firm's investors. In other funding new, Slacker has apparently raised a bridge financing worth $5M--no comment yet from the firm's investors.

Southern California 100

Southern California Layoffs Mixergy News 100

socalTECH

JULY 18, 2012

in funding from Kleiner, Perkins, Caufield & Byers--has been suffering since the unexpected death of its CEO, Brian Roberts, in a plane crash in December. The firm has had a series of layoffs since then. Amonix--which had raised $129.4M Amonix apparently had, at one point, as many as 700 employees at the Las Vegas plant.

Report 124

Report Layoffs Journal News 124