May, 2022

Let’s not confuse big data with knowledge!

Berkonomics

There’s a famous intersection in Tokyo, Shibuya Crossing, where thousands of people cross each day, seemingly in random directions. Here’s the test: try to follow one person in his or her journey. That would be like picking a piece of information form a maze.

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Insights For Business Leaders Who Manage By Autocracy

Startup Professionals Musings

Trying to be a business leader by instilling fear in your employees and partners is never a good approach, but it is particularly devastating in a startup.

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China’s gaming giant NetEase opens first US studio in Austin

TechCrunch LA

NetEase, the second-largest gaming company in China and the sixth-largest in the world, has opened its first US-based studio in Austin as China’s gaming industry slows. The company’s archrival Tencent was a step ahead in expanding to North America. TiMi, Tencent’s cash cow studio known for the mobile blockbuster Honor of Kings, began hiring in Los Angeles back in 2020. Last year, it added a base in Montreal.

Fig Launches Food Shopping App For Medical Diets

socalTECH

San Diego-based startup Fig said today that it has launched a new, mobile app which helps those on medical diets shop for food. According to the company, its app helps users browse through products available at grocery stores, and analyze ingredient labels to find foods that match up to those dietary restrictions. The startup was founded by Max Rebarber and Andrew Hollar.

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.

Shopify Just Bought the Deliverr Shipping Network for $2.1 Billion

Tech.Co

Ecommerce company Shopify supports small businesses with technology like ecommerce website builders and retail Point of Sale systems. Now, it's dramatically expanding capacity in another area, fulfillment, with the acquisition of Deliverr. Shopify is paying $2.1

Uber Eats pilots autonomous delivery with Serve Robotics, Motional

TechCrunch

Uber Eats is launching two autonomous delivery pilots in Los Angeles on Monday with Serve Robotics, a robotic sidewalk delivery startup, and Motional, an autonomous vehicle technology company.

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7 Barriers To Communication In Business Relationships

Startup Professionals Musings

Most business mentors tell me that the single biggest problem they have to deal with in small companies is the lack of open, honest, and effective communication, both from the top down and from the bottom up. Some entrepreneurs forget that talking is not communicating.

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10 Startup Founder Decisions That Have No Good Answer

Startup Professionals Musings

Most entrepreneurs struggle with many startup founders quandaries in building their business, and these key dilemmas are probably the biggest source of pain and failure for the entrepreneur lifestyle.

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8 Ways To Increase Worker Buy-In And Customer Service

Startup Professionals Musings

Most businesses spend big money testing their brand logo, catchy marketing phrases, and demographics, but spend little time training and validating that their employees can and do deliver exceptional experiences to their customers.

8 Keys To Effective Delegation For All Perfectionists

Startup Professionals Musings

For a few, delegating comes easily, maybe too easy. For others who are perfectionists, letting go of even the most trivial task is almost impossible. If you are in this second category, you probably don’t like the references behind your back that you are a “control freak” or a “micro-manager.”

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6 Marketing Specifics That Apply To Every New Venture

Startup Professionals Musings

Marketing is everything these days. You can have the best technology, but if customers don’t know you exist, or they don’t know how your technology solves a real problem for them, your startup will fail.

7 Metaphors That Every Aspiring Leader Should Emulate

Startup Professionals Musings

In building successful businesses, I find that creating a new and innovative product or service is usually the easy part. The hard part is providing the leadership required to align and motivate all the constituents and players – from engineers, to investors, vendors, and ultimately customers.

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10 Ways To Be An Entrepreneur Who Endures And Thrives

Startup Professionals Musings

As the economy rebuilds after some tough economic times, more and more people seem to be turning to entrepreneurship and their dream lifestyle as an alternative to traditional employment.

5 Phases Of Every Startup That Regulate Your Success

Startup Professionals Musings

Successful startups seem to follow similar paths to greatness, and unfortunately all too often that path leads them back down the hill much faster than they went up.

10 Key Business Domains Where ‘Big Data’ Looms Large

Startup Professionals Musings

Even though ‘big data’ has now been around for several years, the opportunities for startups seem to keep growing, just as the amount of data keeps growing. According to Forbes , over the last two years alone 90 percent of the data in the world was generated.

Synoptek Acquires Macquarium

socalTECH

Irvine-based Synoptek, a business and technology consulting firm, said this week that it has acquired Macquarium, a business consulting and development services firm. Financial terms of the acquisition were not announced. Macquarium's customers include Southern Company, Norfolk Southern, Snap-on-Tools, Home Depot, MGM, Equifax, UPS, Wells Fargo and others. synoptek macquarium business consulting technology development merger acquisition

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Elon Musk Gets Cold Feet, Puts Twitter Deal On Hold

socalTECH

Elon Musk appears to have gotten cold feet--or perhaps, is angling to lower the price--on his deal to acquire popular social media app Twitter. According to a post by Musk, who is CEO of Hawthorne-based SpaceX, he is putting the "Twitter deal temporarily on hold", after seeing details on how many users on the service are actually spam or fake accounts.

LACI Showcased In London, LA Cleantech Effort

socalTECH

London and Los Angeles political leaders showed up at the Los Angeles Cleantech Incubator (LACI), saying this week that they will be working together to tackle the climate emergency and air pollution.

SpaceX Rolls Out Starlink Internet To 32 Countries

socalTECH

Hawthorne-based SpaceX has expanded availability of its Starlink satellite-based internet service to a total of 32 countries, the company said on Thursday. According to the company, it is now providing its service to Australia, Chile, US, Canada, Europe, Brazil, and elsewhere, an expansion from 25 countries supported in February. SpaceX started rolling out international support last September. spacex starlink internet international expansion satellite

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Halozyme Therapeutics Clears Hart-Scott-Rodino Hurdle

socalTECH

San Diego-based biopharmaceuticals firm Halozyme Therapeutics said today that the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 for its proposed acquisition of Antares Pharma has expired. The company said its deal still remains subject to various conditions. Halozyme offered to acquire Antares Pharma for $5.60 per share in cash on April 26th. The deal is worth approximately $960M in total. halozyme therapeutics merger acquisition antares pharma pharmaceuticals

Viasat Selected By Southwest Airlines

socalTECH

Carlsbad-based satellite Internet provider Viasat said on Wednesday that it has been selected by Southwest Airlines. Viasat said that Southwest Airlines has selected its next genneation Ka-band satellite for in-flight connectivity on all of Southwest's new aircraft deliveries, starting this fall. Financial impact of the win was not announced. viasat southwest airlines kaband satellite

Bird Looks To Google's AR For Better Scooter Parking

socalTECH

Santa Monica-based micromobility provider Bird has rolled out a new plan to get people to park the company's scooters in better location, tapping augmented reality technology from Google. According to Bird, it has launched something called "Bird VPS" (Visual Parking System), which uses Google's augmented reality APIs to geo-localize parked scooters. The company said it is using that AR technology, and Google Street View to detect and prevent improper parking.

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Linewize Acquires Qustodio

socalTECH

San Diego-based K-12 cyber safety software developer Linewize said today that it has acquired parental control software developer Qustodio, in a deal worth $52M. The acquisition came via Linewize's parent company, Family Zone. The company said Qustodio has more than 4 million users, with deals with telecom operators in such countries as Spain, France, Singapore, Mexico, Japan, Brazil and Chile.

BLAZE Acquires Greenline

socalTECH

Newport Beach-based cannabis software developer BLAZE Solutions said on Tuesday that it has acquired a Canadian software compaany, Greenline. Financial terms of the acquisition were not announced. Greenline is based in Vancouver, and builds point-of-sale (POS) software for dispenaries. BLAZE said the acquisition will help it to better serve its international clients, while also enabling the Company to gain experience operating in Canada's federally regulated marketplace.

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OStream Gets With With Department Of Defense

socalTECH

Lake Forest-based OStream. ostream department defense artificial intelligence vision recognition port hueneme

Report: Canoo May Not Have Enough Money To Stay In Business

socalTECH

Canoo, the pie-in-the-sky electric vehicle startup which fled Los Angeles for Arkansas in June of 2021, apparently "may not have enough money to stay in business", according to a report. The report, from TechCrunch, says Canoo has been burning through cash and has no near-term revenue, and is currently grappling with the exit of its co-founders, legal issues, an SEC investigation and production delays. deadpool bentonville cleantech arkansas factory vehicle electric canoo

Prismpop Picks Up $5M For Social Shopping

socalTECH

Pasadena-based Prismpop announced this morning that it has raised $5M in seed funding, which was led by Female Founders Fund, Foundation Capital, Revolution Capital, Plum Ventures, Mucker Capital and Uphonest Capital, including an earlier seed funding from Unshackled Ventures, Alumni Ventures Group, Sequoia Capital (Scout Fund), Plug and Play, and others. The startup is led by CEO and founder, Peggie Li. The company said it was originally incubated at Mucker Capital.

Faye Finds $8M For Travel Insurance

socalTECH

A new, Los Angeles-based travel startup, Faye announced this morning that it has raised $8M in its seed funding, led by Viola Ventures and F2 Venture Capital. The startup says it is providing travel insurance via an app. According to the company, it is providing "whole-trip" insurance that covers trips, health, belongings, and even pets. The company is led by co-founder and CEO Elad Schaffer, along with co-founder and CTO Daniel Green. faye travel insurance startup viola ventures

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Grindr Plans To Go Public Via SPAC Deal

socalTECH

West Hollywood-based LGBTQ+ dating app developer Grindr said on Tuesday that it in a deal to go public, via a special purpose acquisition company (SPAC). According to the company, it plans to combine with Tiga Acquisition Corp., which trades on the NYSE as TINV. The company said the deal includes $284M from Tiga Acquisition Corp., and $1.6 billion in rollover equity, giving the combined company a post-transaction enterprise value of $2.1 billion.

Tinder's Parent Company, Match, Suing Google Over App Payments

socalTECH

Match Group, the parent company of Los Angeles-based dating app developer Tinder has filed a lawsuit against Google, claiming the Internet giant has too much control over payments in its Google Play app marketplace. The lawsuit revolves around Google's 30 percent cut of payments on Google Play, and Google's attempt to ban apps from using alternative payment services. tinder match google lawsuit legal payment monopoly antitrust

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Tealium Names Chief Customer Officer

socalTECH

San Diego-based Tealium said today that it has named Tony Nadalin as the company's Chief Customer Officer. The company said Nadalin was most recently at Synopsys, where he had been serving as Group Vice President for the last four years; he also served at Oracle Marketing Cloud and Marketo. Tealium develops "tag management" software used by brands to track customer data on the web, mobile platforms, on IoT, and elsewhere, tying that into a customer data platform.

HCAP Partners Backs FleetNurse

socalTECH

San Diego-based private equity investor HCAP Partners said this morning that it has made an investment in Eugene, Oregon-based FleetNurse, a provider of on-demand healthcare staffing software. Financial details of the investment were not announced. According to HCAP, Nicolas Lopez, a Principal at the company, will join the FleetNurse board of directors. FleetNurse operates a service to help fill shifts on short notice. FleetNurse is led by CEO Israel Angeles.

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FaZe Clan In Deal With Keyboard Brand Ducky

socalTECH

Los Angeles-based e-sports brand FaZe Clan said Monday that it in a collaboration with mechanical keyboard maker Ducky, which will see the brand offering up its own branded keyboard. Financial details of the deal were not announced. According to the two, FaZe Clan will expand into providing its own gaming products and electronics, with its own FaZe-branded keyboard, called the FaZe Clan x Ducky One 3 Mini. Financial details of the partnership between the two companies were not annoucned.

Snap's Pixy Drone Sees Major Shipping Delays

socalTECH

Venice, California-based Snap may have announced its own, selfie-taking drone, the Pixy--but it seems like almost no one is getting the drone, yet. Apparently, there is a four month delay to receive the Pixy, even for the earliest buyers of the fancy hardware product. It's unclear if Snap has shipped any of its products, or if it just failed to anticipate demand for the new hardware. snap pixy drone shipping selfie hardware delay

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MyCase Acquires Docketwise

socalTECH

San Diego-based cloud-based legal management software provider MyCase announced this morning that it has acquired DocketWise, a developer of software for immigration lawyers. Financial impact of the deal were not announced. According to the two, the two products are now integrated. Docketwise was founded in 2016 by Jeremy Peskin and James Pittman.

Koji Integrates With Mailchimp

socalTECH

San Diego-based app developer Koji, which develops apps for creators, said it has added new integration with Mailchimp. The company said it has added an Email Sign Up and Sign Up & Download, two feature which help its content creators collect email addresses of their clients. The new Mailchip integration is free. Koji says it has raised $36M in venture capital so far for the company.

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