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7 Government Small Business Grants to Apply For in May 2024

Tech.Co

Seeking funding is a right of passage for many small business owners. If you’re interested in pursuing this type of finance, we round up some government grants small businesses can apply for in May, including their specialisms, funding limits, and deadlines. 🌎 Or appear as if you're in another country?

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Hiring Developers Before Product/Market Fit?

SoCal CTO

Hiring seems to be the preferred use of seed funds (by investors and founders), whereas I'd prefer a focus on customer acquisition. The problem is you don't yet have product/market fit, and until you do, you don't really know what to build. When product vision is truly clear, then it makes sense to execute it, and hiring follows.

CTO Hire 205
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Diversis Capital Raises $675M Fund

socalTECH

Los Angeles-based private equity investor Diversis Capital Management said this morning that it has raised a new, $675M fund. The company said its new fund, Diversis Capital Partners II, exceeded its target of $500M. The new fund is led by Managing Partners Ron Nayot and Kevin Ma.

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5 Startup Funding Models That Depend On The Consumer

Startup Professionals Musings

Even if you ignore all the hype around crowdfunding, there can be no doubt that it is a real alternative for entrepreneurs to achieve visibility and funding today. Product pre-order model. With this model, a startup pre-sells their product early, at a cheaper price, in exchange for a pledge. Donation good-cause model.

Funding 141
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ViaSat In $34M Contract Award

socalTECH

Carlsbad-based ViaSat , the satellite communications operator and developer, reported a $34M contract win this morning. The win came from the Space and Naval Warfare Systems Command (SPAWAR), and will go towards developing a crytographic module used for satellite communications by the Navy, Marines Corps, and Army.

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Cartwheel Collects $1M From Portillo's, Others For On-Demand Delivery

socalTECH

Los Angeles-based Cartwheel, a startup that develops on-demand delivery management software, says it has raised $1M in a seed funding round, which came from TenOneTen Ventures, Act One Ventures, as well as famed hot dog restaurant chain Portillo's Hot Dogs, along with other angels.

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PBS Biotech Snags $10M For Cell Therapy Manufacturing

socalTECH

Camarillo-based PBS Biotech announced this morning that it has raised $10M in a funding round, which came from BroadOak Capital Partners. The company says it is developing single-use bioreactor systems and also offers up contract process development services. PBS Biotec his led by CEO Brian Lee.