Sat.Sep 26, 2020 - Fri.Oct 02, 2020

LA’s Thriving Edtech Startups Improve Remote Learning for Schools, Businesses

L.A. Business Journal

While the global pandemic has disrupted almost every industry, some businesses are experiencing accelerated growth during the crisis

8 Steps For Moving From A Business Dream To Results

Startup Professionals Musings

As a business advisor, I listen to many of you entrepreneurs talking about achieving your dreams, but too few of you have structured that dream, and can express it in a set of specific goals, with a timeline for getting there.

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Report Claims Bird Program Saddling Fleet Owners With Debt

socalTECH

According to a new report, Santa Monica-based "on-demand" scooter company Bird recently started running a program which allows the contractors who charge its scooters to acquire their own fleet of scooters--but which, as a result of the pandemic--has saddled many with huge amounts of debt.

With Phase 2 Data in Hand, Ovid Eyes Multiple Pivotal Trials for Epilepsy Drug

Xconomy

Ovid Therapeutics and Takeda Pharmaceutical joined forces three years ago to develop a small molecule into a potential epilepsy drug. That research is starting to pay off as the companies now look ahead to pivotal studies testing that compound in several inherited forms of the disorder.

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.

LA’s Thriving Edtech Startups Improve Remote Learning for Schools, Businesses

L.A. Business Journal

While the global pandemic has disrupted almost every industry, some businesses are experiencing accelerated growth during the crisis

8 Inspirational Insights For Those Chasing Your Dream

Startup Professionals Musings

Every entrepreneur has an idea for transforming a market with innovative new technology, or transforming society with a new process. But unfortunately, most of these ideas fail at the execution level, or are not truly innovative.

Ideas 101

More Trending

Hawke Media, LA Stage Ecommerce Conference

L.A. Business Journal

Sawtelle-based marketing consulting firm Hawke Media has partnered with the city of Los Angeles for the inaugural Ecommerce Week LA, a virtual event taking place from Sept. 28 to Oct.

Harvest Pack Takes Eco-Friendly Approach to Food Packaging

L.A. Business Journal

Torrance-based Harvest Pack Inc. has found an evergreen niche in the food packaging business

Digital Solutions Assist Art Galleries

L.A. Business Journal

With in-person gallery visits largely halted by the pandemic, the business of art has taken a severe hit

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AI Company Beyond Limits Raises $113 Million

L.A. Business Journal

Glendale-based artificial intelligence company Beyond Limits Inc. has raised $113 million in a Series C funding round with another roughly $20 million committed

Uncertainty Surrounds TikTok Deal

L.A. Business Journal

The fate of TikTok may still be up in the air

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7 Ways To Get Key People Committed To Supporting You

Startup Professionals Musings

Investors invest in people, not ideas. Customers buy from people, not companies. Employees rally for a great leader, not a brand. As an entrepreneur, you need relationships to succeed. That means relationships with team members, investors, customers, and vendors.

Ideas 88

AeroVironment Ties With Robotic Skies On UAS Maintenance

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Simi Valley-based unmanned aircraft developer AeroVironment announced a deal this morning with Robotic Skies , a provider of maintenance, repair, and overhaul of unmanned aircraft systems. According to AeroVironment, Robotic Skies will provide field maintenance, inspection, and repair support for AeroVironment customers, particularly on AeroVironment's new all-electric VAPOR 55 helicopter unmanned aircraft system. Financial details of the deal were not announced.

Pod Network, STEMconnector Merge

socalTECH

Manhattan Beach-based Pod Network LLC , which develops a social networking application, announced this morning that it has merged with STEMconnector , which runs a professional services firm focused on creating a STEM-ready workforce. Financial details of the deal were not announced.

HyperX Launches New USB Microphone

socalTECH

Fountain Valley-based gaming accessory maker HyperX launched a new product this morning, a new, USB microphone with fancy RGB lighting effects. According to HyperX, its new microphone, the HyperX QuadCast S , includes RGB lighting effects, anti-vibration shock mount, pop filter, and more features. The company said the microphone is aimed at streamers, online broadcasters, and work from home professionals. The new device has a MSRP of $159.99.

Sonos Lobs New Patent Lawsuit At Google

socalTECH

Santa Barbara-based whole home audio systems maker Sonos has filed another patent infringement suit at Google , saying that Google has infringed on five wireless audio patents held by the company. The lawsuit is the second filed against Google by Sonos, which also sued Google over similar patents in January. The two companies are in a back and forth tussle by the two, as Google has attempted to muscle its way into the home audio streaming market.

Social Native Buys Olapic

socalTECH

Los Angeles-based Social Native , which operates an online marketplace which helps brands source visual content says it has acquired Olapic , a service focused on user-generated, influencer, and short-form video content for brands. Financial terms of the acquisition were not announced. Social Native said that Olapic will operate as a division of the company. The firm says it has "taken a strategic step toward consolidating the user-generated content space" with the move.

Fisker Names ServiceNow CEO To Board

socalTECH

Los Angeles-based electric vehicle developer Fisker Inc. said today that it has named the President and CEO of ServiceNow, Bill McDermott, to its board of directors. Fisker said the move comes ahead of its merger with Apollo affiliated Spartan Energy Acquisition Corporation (NYSE: SPAQ). ServiceNow says it expects the merger to be completed later this year, which will result in Fisker's Class A common stock trading on the New York Stock Exchange.

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HONK Wins Insurance Company

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Los Angeles-based HONK Technologies , which is developing an app that helps provide roadside assistance to users, has signed up an insurance firm as a customer. According to HONK, it has signed up Wawanesa Insurance, and will manage the roadside assistance program for the insurance company. Financial details of the deal were not announced. HONK says that Wawanesa is ranked the number one insurance company in California for customer satisfaction, according to J.D. Power.

Leonardo247 Takes $9.5M

socalTECH

Los Angeles-based Leonardo247 , which provides remote monitoring of onsite, multifamily operations, has raised $9.5M in a funding round, the company said this morning. The funding was led by private equity investor Level Equity. According to Leonardo247, the funding will go to support its ongoing growth in the remote property management area, as well as expansion into other commercial real estate markets.

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Seismic Joins Unicorn Club, Finds $92M More

socalTECH

San Diego-based Seismic , which develops sales enablement and marketing software, has joined the unicorn club, saying this morning that it has raised $92M in a Series F funding, which values the company at approximately $1.6 billion. The company--led by co-founder and CEO Doug Winter--said the funding was led by Permira funds, and also included strategic investors Ameriprise Financial and EDBI, along with Jackson Square Ventures, Lightspeed Venture Partners, and T.

Cornerstone OnDemand: Time Off To Study Ballot Popular With Employees

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Santa Monica-based Cornerstone OnDemand , which develops employee development software, says that a survey it has run has found that 50 percent of employees it surveyed desire time off to study their ballot before they vote. Cornerstone OnDemand said it ran a survey with YouGove, which provides public opinion and data, finding 80% of adults typically spend less than two hours to learn about their ballot--and could use additional time off to study their upcoming ballots.

TVPage Links Into Shopify

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San Diego-based TVPage , a startup which offers up "virtual brand ambassadors" for e-commerce stores, says it has connected into Shopify , allowing any business powered by the popular e-commerce platform to use its virtual brand ambassadors. TVPage said the link allows Shopify store owners to enlist ambassadors to sell online through personalized virtual storefronts using shoppable video, product collections and live events.

Lyre's Picks Up $11.5M For Non Alcoholic Drinks

socalTECH

Los Angeles-based Lyre's Non-Alcoholic Spirit Co. which develops non-alcoholic drinks which have the flavor--but not the alcohol--of popular spirits, has raised $11.5M in a seed funding round. The funding came from VRD Investment, Doehler Ventures, DLF Venture, Maropost Ventures, and HNWI, along with a number of family offices. Lyre's said the funding comes as it prepares to launch a "ready-to-drink" range of products. Lyre's said it originally launched in July of 2019 in Australia.

Design 109

SpaceX Pushes Off Satellite Launch

socalTECH

Hawthorne-based SpaceX says it is pushing off its planned launch of another, 60 Starlink satellites which were scheduled to launch on Monday. According to SpaceX, the launch--which was set to take off at 10:22AM EDT--was delayed due to weather. SpaceX did not announced a new target date for the launch. The launch will be at Launch Complex 39A at Kennedy Space Center. SpaceX already has more than 500 satellites in orbit around the earth that are currently part of Starlink.

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Logically To Apply AI To Presidential Debate Fact Checking

socalTECH

Logically.ai , a startup which recently set up an office in Los Angeles, says it is developing artificial intelligence which it claims can help fact check statements and news, says it will apply its AI application to fact check the U.S. Presidential debates. The company says it will use both artificial and human intelligence to "uncover and address misinformation". The company claims its app will fact check claims as "true, false or misleading" in real time.

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Rocket Lab Launches Effort To Explore Venus

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Huntington Beach-based Rocket Lab , the space launch startup led by Peter Beck, is aiming at beating NASA to Venus , in the hopes of helping to search for extraterrestrial life. According to Beck, it plans to dispatch its own space probe to Venus, to "scout for signs of extraterrestrial life". Rocket Lab apparently has been working on the Venus mission for several months.

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Clearlake's Ivanti Buys MobileIron, Pulse Secure

socalTECH

Ivanti , the IT and security operations company owned by Los Angeles-based private equity company Clearlake Capital Group , has acquired two other companies-- MobileIron and Pulse Secure , Clearlake announced this morning. MobileIron is a provider of unified endpoint management software, and Pulse Secure develops secure access and mobile security software.

Liquid Death Finds $23M More

socalTECH

Los Angeles-based canned water brand Liquid Death , the Science, Inc.-based based startup offering up bottled water in aluminum cans, has raised $23M in a Series B funding round, the company disclosed over the weekend. The funding included Convivialite Ventures, Fat Mike, Pat McAfee, Velvet Sea Ventures, and a number of other investors. The company said the funding goes towards growth.

8 Strategies To Improve Your Odds Of Getting A Loan

Startup Professionals Musings

A common question I get is “How do I get a bank loan to fund my startup?” The default answer is that it probably won’t happen, because most banks just don’t make bank loans to startups.

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Kharon Gets Investment From Barclays

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Los Angeles-based Kharon , a research and data analytics company focused on global security threats, says it has received a strategic investment from Barclays. The size of that investment was not announced. According to Kharon, Barclays joins Equity Group Investment, as well as other institutional and private equity investors in the company. Kharon's services focus on providing information on trade, regulatory and financial crime compliance. The company's CEO is Mathew Epstein.

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