January, 2020

Los Angeles-based Luxury Presence raised $5.4 million for its real estate marketing services

TechCrunch LA

Real estate is a big business in the sprawling city of Los Angeles, and new technology tools to target the industry continue to attract investor attention. The latest of these is Luxury Presence , which pitches digital marketing services to real estate agents and has raked in $5.4

The dangerous game: Hiring from a competitor

Berkonomics

Sometimes it is the first thought you or your managers have when in need of skilled talent, especially for sales or product development. It is not hard to find and observe the best employees of a good competitor at work, skillfully moving the competitor forward in a visible way.

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Snap Acquires AI Factory for $166 Million

L.A. Business Journal

Santa Monica-based Snap Inc. paid $166 million to acquire AI Factory Inc., a San Francisco-based startup founded by Snap's former director of engineering

7 Key Strategies To Ensure Long-Term Customer Growth

Startup Professionals Musings

In my experience working with entrepreneurs, once they feel they have a winning formula for their business, they are often hesitant to change or update it. They forget that adapting their company and themselves as their customers evolve is the key to long-term survival.

PayPal Completes $4 Billion Acquisition Of Honey

socalTECH

San Jose-based PayPal Holdings said this morning that it has completed its $4 billion cash acquisition of Los Angeles-based Honey , the developer of a browser plug-in that helps consumers find the best coupons for purchases when they are shopping online. According to PayPal, the deal will "transform the shopping experience for PayPal's consumers while increasing sales and customer engagement for its merchants."

How to Start a Podcast

Tech.Co

2019 was the year podcasting turned into a major industry. A few high-profile acquisitions put Spotify into the running against Apple, while buzzy new startups like Luminary jumped into the pool as well.

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Can your employees recruit from a customer or supplier?

Berkonomics

The recruitment traps. It has happened to all of us who have been leaders in business long enough. One of your employees is approached by an employee of a customer or of a supplier, stating that “It sure would be great to work in your company.”

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Wag Wraps Year with More Layoffs

L.A. Business Journal

Dog-walking application developer Wag Labs Inc. closed out a turbulent 2019 with another round of layoffs, according to a filing with the California Employment Development Department

10 Ways For Entrepreneurs To Enhance Their Leadership

Startup Professionals Musings

Most new entrepreneurs don’t anticipate the learning burden of being the leader, including the sense of loneliness and isolation at the top.

Homebound Gets $35M More For Home Rebuilding

socalTECH

Homebound , a startup which rebuilds homes after disasters--and which has offices in Malibu--has raised $35M in a Series B funding, the company disclosed this week, bringing its total raised to $53M. The startup--which is split between Santa Rosa, California and Malibu, California--said the Series B was led by Los Angeles-based Fifth Wall Ventures, and also included Khosla Ventures, Google Ventures, Ashton Kutcher, and Thrive Capital.

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The Business Tech You Need in 2020

Tech.Co

The new year is officially here and, hopefully, your business is thriving. Customers are happy, clients are beaming, and the revenue just keeps rolling in.

AppSec California 2020 - by OWASP

SoCal Tech Calendar

Tuesday, January 21, 2020 -- Join your Information Security and Developer peers on the beach! Training classes start Jan 21, with the keynotes, talks and CTFs starting Jan 23. There will be 4 concurrent break-out sessions throughout both speaker days. The best speakers from around the world have been gathering at AppSec California now for six years. We guarantee you will leave the conference with lots of new knowledge and curiosity.

Do you empower others?

Berkonomics

So, we’ve previously discussed why it is important for you to build consensus in an organization in most every major decision.

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MedMen Sells More Assets

L.A. Business Journal

Culver City-based cannabis retailer MedMen Enterprises Inc. is continuing its aggressive push to implement its restructuring plan in light of large losses

10 Ways For Entrepreneurs To Assure Happiness In 2020

Startup Professionals Musings

Welcome to another challenging new year ahead! You’ve probably already made your resolutions for 2020, but if not, I suggest a renewed commitment to finding happiness and satisfaction in your chosen business lifestyle.

Skyview Capital Buys Fidelis Cybersecurity

socalTECH

Los Angeles-based private equity investor Skyview Capital has acquired cybersecurity software developer Fidelis Cybersecurity a provider of network traffic analysis, digital forensics, and incident response software, the company said late Thursday. Financial terms of the stock transaction were not announced. Skyview Capital says that Fidelis has over 250 employees. Fidelity Cybersecurity is based in Bethesda, MD.

San Diego startup events you don’t want to miss in 2020

Startup San Diego

Mark these dates in your calendar—these are the best business events in San Diego to attend in 2020! From small networking events to huge seminars, we've narrowed down our top ten. The post San Diego startup events you don’t want to miss in 2020 appeared first on Startup San Diego. Events Guides

LA CEOs: Sales - Close More Business and Scale

SoCal Tech Calendar

Thursday, January 16, 2020 -- LA CEOs: Sales - Close More Business and Scale. Start off your year with LA's top tech CEOs and our special guest Carrie Lauby, an LA-based sales expert with over 25 years growing B2B2C SaaS companies. This sponsor supported FREE event is restricted to qualified CEOs and CFOs only. Confirmed RSVP required. See [link] (more

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Empirico Raises $17M, Inks 3-Year Antisense Collaboration with Ionis

Xconomy

Empirico, a biotech that has developed tools to analyze genomics data and use those insights to identify potential therapeutic targets, has signed a collaboration deal with antisense drug developer Ionis Pharmaceuticals that includes a $10 million equity investment.

LA Companies Turn Heads at CES

L.A. Business Journal

From ambitious streaming services to fantastical flying cars, Los Angeles companies demonstrated innovative concepts in droves last week in Las Vegas at the 2020 Consumer Electronics Show

8 New Ways To Focus On Customers For Trust And Profit

Startup Professionals Musings

As an advisor to entrepreneurs, I find that I often have to remind them that the world of customers has changed since they started their last business.

Cornerstone OnDemand Acquires Clustree

socalTECH

Santa Monica-based Cornerstone OnDemand. announced on Thursday that it has acquired Clustree , a developer of artificial intelligence software that uses machine learning and algorithms to match an organization's employees' skills with specific job roles. Cornerstone OnDemand said it agreed to paid approximately $18.5M in cash for Clustree, which is based in France. Clustree's customers included Carrefour and SNCF.

Activision Answers ‘Call’

L.A. Business Journal

After shutting down an existing esports league, Activision Blizzard Inc. is betting big on a new league that will begin its inaugural season Jan 24

Tencent Buys Stake in Universal Music Group

L.A. Business Journal

China-based Tencent Holdings announced an agreement to purchase 10% of Santa Monica-based Universal Music Group's share capital

EA Taps Zampella to Lead DICE Los Angeles

L.A. Business Journal

Electronic Arts chose veteran gaming executive Vince Lampella to lead the Los Angeles office of its subsidiary game developer, DICE

Bent Pixels Adds Clients

L.A. Business Journal

The newly established esports division of media services and video publishing house Bent Pixels landed two new clients as 2019 drew to a close

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Tech: SpaceX enters launch mode while telecoms look to dial up 5G

L.A. Business Journal

Home of L.A.’s s most innovative technology companies made bold promises in 2019. Now investors and consumers will be watching closely to see if they can deliver in 2020

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PE Firm LS Power Group Buys EVgo

L.A. Business Journal

Private equity firm LS Power Group, which invests in clean power and alternative energy sources across the country, has acquired a majority stake in EVgo Services

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Startups Are Not Just The Realm Of Young Generations

Startup Professionals Musings

One of the biggest myths in the business world is that startups are no place for Baby Boomers, that aging generation born between 1945 and 1964.

8 Key Business Elements Set Startup Investor Interest

Startup Professionals Musings

One of the big questions that every entrepreneur struggles with is how much funding they should request from investors in the first round.