TechCrunch LA

APRIL 6, 2020

The remaining $200 million came from new investors Macquarie Capital, Mori Building and Shell, as well as existing investors 83North, Broadscale Group, Ervington Investments, Hearst Ventures, Planven Ventures, Pitango and RiverPark Ventures. ” Layoffs in a time of COVID-19. Other deals: Qcraft.ai The company said T.

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Layoffs Startup Newsletter Santa Monica 136

socalTECH

APRIL 19, 2013

But then, ExxonMobil cut back its original investment--worth up to $600M--in Synthetic Genomics. According to Bloomberg , after Synthetic Genomics failed to perform on a milestone, ExxonMobil pulled back on its contract, leading to layoffs of more than half of Synthetic Genomics'' employees back in 2011. What happened? READ MORE>>.

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Layoffs Outsource Development San Diego Mobile 159

TechCrunch LA

APRIL 30, 2019

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. Faraday has since sought alternative investment. Faraday then sought arbitration in Hong Kong.

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Invest Layoffs Los Angeles Product 143

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>>.

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Layoffs Hollywood Entertainment Incubator 113

socalTECH

OCTOBER 30, 2018

Troubled, Los Angeles-based electric vehicle startup Faraday Future has lost a key electric vehicle designer, among a number of layoffs at the company over the last few weeks, according to a report. READ MORE>>.

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Design Report Layoffs Los Angeles 113

socalTECH

DECEMBER 18, 2018

According to Blippar, it had been attempting to gain a "small amount of funding" as it was making a shift into the B2B market, but an un-named, existing investor "voted against the additional funding, effectively blocking the investment even if they were not asked to participate in any further financing of the business". READ MORE>>.

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Layoffs Content Funding Invest 133

socalTECH

FEBRUARY 23, 2015

investment employment jobs layoff warner capital venture machinima' According to reports from the Hollywood Reporter, Machinima cut 14 percent of its staff on Friday, immediately following the announcement of the new funding round from its backers. The company has now raised nearly $100M in funding over its lifetime. READ MORE>>.

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Layoffs Redpoint Hollywood Report 100

socalTECH

OCTOBER 8, 2018

Los Angeles-based electric car maker Faraday Future is facing new financial woes this morning, after the Chinese company which bailed out the company at the end of 2017 filed notice that it would seek to terminate a deal to invest a total of $2 billion into Faraday Future, reached last year. READ MORE>>.

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Layoffs Los Angeles Invest Report 113

socalTECH

JULY 29, 2011

Today's contribution to our Insights and Opinions section, where we feature the thoughts and opinions of Southern California's technology community, is from Megan Lisa Jones , an investment banker and author. Jones talks about how companies can attract, keep, and engage employees, and what people are looking for in a job.

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Southern California Layoffs Design Invest 133

socalTECH

SEPTEMBER 26, 2008

Irvine-based Autobytel said Friday morning that the firm has cut 75 positions, or approximately 35% of its workforce, and hired an investment bank to "review strategic alternatives" for the firm. The firm said it expects to save $10M annually as a result of the layoffs and elimination of other expenses. READ MORE>>

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Layoffs Invest Marketing Capital 100

socalTECH

APRIL 16, 2009

La Jolla-based TorreyPines Therapeutics said Wednesday that the firm has hired on investment bank Merriman Curhan Ford as a financial advisor. The hiring of the bank follows the layoff of most of the firm's employees earlier this month.

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Layoffs Sales Invest Help 100

socalTECH

DECEMBER 12, 2008

Coats is a partner at Southgate Alternative Investments, and previously served on Autobytel's board of directors. in the fourth quarter for the layoffs, including severance for Riesenbach. Coats has been named the company's President and CEO, replacing current CEO Jeff Riesenbach. The firm will take a charge of $4.5M

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Layoffs Sales Invest Capital 100

socalTECH

MARCH 5, 2009

We've transition from that early-stage startup, where a company uses investment capital--to being one very business minded, and thoughtful about how we spend our money--where we bring in more on a monthly basis than we spend.". Tags: jobs employment layoff video comerica content maniatv shutdown.

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Layoffs SoCalTech Content Web 100

socalTECH

JUNE 21, 2019

I've been going through the startup journey, and just finished our Series D investment. What does TenOneTen Ventures invest in? Minnie Ingersoll: We do early stage investing. We had to do a reduction-in-force and layoff early in our career, and I thought we were done. That allowed me to take a step back, and relocate.

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Southern California Startup Layoffs Venture Capital 133

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. Survey Says: Go Your Own Way.

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Layoffs Report Tool Software 126

TechCrunch LA

APRIL 24, 2020

The latest example of Divergent’s technology is the 21C, a hypercar unveiled in March that was built using the additive manufacturing platform.

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Startup Technical Review Outsource Development Platform 251

socalTECH

DECEMBER 15, 2015

Qualcomm's review wass advised by Goldman Sachs and Evercore Partners, and came after layoffs and profit warnings from the company earlier this year, plus pressure from activist investors. Qualcomm had launched the strategic review back in July, with a possibility of breaking up the company into separate parts. READ MORE>>.

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Technical Review Layoffs San Diego Course 100

TechCrunch LA

OCTOBER 19, 2019

In 2017, TechCrunch reported that Whisper underwent significant layoffs to stave off collapse and put the company on a path to profitability. According to the filings, Susan Stone, a partner with the investment firm Sierra Wasatch Capital , is listed as a director for the company. Heyward did not respond to a request for comment.

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Social Network Los Angeles Social Media Blogging 153

Berkonomics

MARCH 23, 2023

It won’t be long before another round of layoffs comes, and these new tools will create new jobs to fill the gap. An estimated $180 billion will be invested in data analytics by 2024. We bypass the middle person for services and information. We are learning to use new tools. This is big business. How do we use big data?

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Mobile Commerce Software Review Yammer 156

Both Sides of the Table

APRIL 6, 2020

If you do massive layoffs (RIFs) you can assume that you will need to repay your loan since the intent of the loan is to protect jobs. When the $350 billion is fully invested will more be made available? Below lists how the loan program is calculated. Do I need to rush my application? If you’re going to amend, then amend. don’t apply.

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Venture Capital Startup Technical Review Doc 279

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. We would like a minimum of $5M to $10M minimum invested in any one company.

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Startup Paramount Invest Capital 113

Startup Professionals Musings

AUGUST 7, 2020

In a larger public company, it’s all about making your quarterly numbers, versus investing in strategic growth alternatives that may not pay off until several quarters later. This means identifying initiatives early, communicating openly with your team, and asking for their help on the dilemmas of production cuts and layoffs.

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Technical Review Layoffs Social Media Metrics 124

socalTECH

FEBRUARY 17, 2017

He eventually founded and sold consumer health firm ViSalus to a public company and is now back making investments, in technology companies, as a venture capitalist here at Los Angeles-based HashtagOne (www.hashtagone.com). What's the theme of your investments? That's why we have investments in Heal, Saucey, and FragMob.

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Venture Capital Entrepreneur Technical Review Software Review 100

Southern California Edison Blog

NOVEMBER 3, 2021

Telecom operators looking to stay profitable and successful in the new normal need to invest in network infrastructure, research, and development to best capitalize on new technologies, such as 5G and the Internet of Things. Strategies for Carrier Success in the Post-COVID Environment. Offer Greater Service Flexibility.

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Networking Layoffs Customer Custom 98

socalTECH

MARCH 29, 2012

THQ explained that decision came because of the additional investment that would have been required to make the game a MMO, and because it was unable to find a business partner to help it reach that goal. As a result of the moves, the firm said it is chopping its staff. studios, where 39 employees have been let go.

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THQ Agoura Hills Agoura Invest 140

socalTECH

FEBRUARY 5, 2019

Machinima first started developing its gaming-related content back around 2008, and helped usher in a healthy investment market for multi-channel-networks, companies which aggregated multiple YouTube creators and channels into a single media company. Machinima had been acquired by Warner Bros. READ MORE>>.

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Report Southern California Media Content 127

socalTECH

MARCH 29, 2012

THQ explained that decision came because of the additional investment that would have been required to make the game a MMO, and because it was unable to find a business partner to help it reach that goal. As a result of the moves, the firm said it is chopping its staff. studios, where 39 employees have been let go.

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THQ Agoura Hills Agoura Invest 127

socalTECH

MAY 25, 2016

San Diego-based residential solar installer OneRoof Energy has cut its staff, and says it is in a major realignment of its business operations to tap into consumer services providers and partners, rather than invest in its own direct sales. Size of the cuts were not announced by the company.

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San Diego Sales Invest Services 113

socalTECH

NOVEMBER 3, 2008

The firm said that it is in a "strong financial position with significant cash in the bank" but made the moves to be more focused and thoughful about its resources.

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SoCalTech Advertising Venture Capital Resource 113

socalTECH

SEPTEMBER 18, 2008

San Diego-based wireless broadband technology firm NextWave Wireless said today that it has scored a new, $100M debt financing for the firm's business, and made cuts in its staff, along with hiring an investment banker. The company said the restructuring included a reduction in workforce by over 20 percent.

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San Diego Invest Sales Funding 100

socalTECH

OCTOBER 24, 2019

It's unclear what the reasons for the steep cuts are; the company had announced a big $100M debt and equity investment from Ally Financial only two months ago. The report says that current CFO Tyler Painter, the brother of CEO Scott Painter, is being replaced by Kirk Shryoc. READ MORE>>.

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Report Santa Monica Equity Invest 100

socalTECH

SEPTEMBER 27, 2016

As part of that restructuring, the company said that investment banker Piper Jaffray is contiuing "exploration of strategic options"for that business. San Diego-based audio technology developer Turtle Beach said Monday that it is restructuring its HyperSound business, in a bid to lower the operating costs of that business.

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San Diego Platform Invest Technology 100

socalTECH

SEPTEMBER 29, 2008

The shutdown closely follows a 20 percent workforce cut, a $100M debt round and hiring of an investment banker at the firm. NextWave said the move was part of its efforts to divest its network infrastructure subsidiaries. Impact on employment at the firm was not disclosed. NextWave paid $13.3M in January of 2007 for Go Networks.

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Networking San Diego Invest Develop 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.

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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.

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Demand Los Angeles Sales Invest 100

Tech Zulu Event

JULY 6, 2013

I had to close the doors of businesses and layoff people. There is no solid financially investment footing here to constantly support startups here. To do that, make sure you have the best capital, the best people, the best idea and strategy, and you click these things off. It’s a growing community, which is exciting.

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Startup Pricing Entertainment Sales 79

Tech Zulu Event

JULY 6, 2013

I had to close the doors of businesses and layoff people. There is no solid financial investment footing to constantly support startups here. To do that, make sure you have the best capital, the best people, the best idea and strategy, and you click these things off. Even if you have all that, the odds are still against you failing.

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Startup Pricing Entertainment Education 61