*socaltech.com <http://socaltech.com> TechNews - Thursday, April 30, 2020* Edited by Benjamin F. Kuo ISSN: 1524-6736 http://www.socaltech.com/News <https://www.socaltech.com/News> ------------------------------
*Sponsored By * Pacific Western Bank, Venture Banking Group (http://www.pacwest.com/lending-solutions/venture-lending) Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG ------------------------------ *Headlines * - Elon Musk Goes Off Rails On Earnings Call <#0079807> - Two Bit Circus Launches Virtual Cardboard Challenge <#0079803> - RIVIT TV Pauses Service Due To Pandemic <#0079805> - Newegg Expands Logistics Effort <#0079804> - Progenity Names New CIO <#0079806> - Ford Cancels Rivian Electric SUV Plans <#0079800> *Marketplace* - Resources For UK Companies and Investors Impacted By Coronavirus <#ad762> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Stubbs Alderton & Markiles Preccelerator <#ad694> *Thursday, April 30, 2020* *From Idea to IPO - KPMG’s Emerging Growth Practice < [email protected]>* KPMG provides Bookkeeping, Audit, Tax, and Advisory services to assist you at any stage of your life cycle. Whether you are starting your business, strengthening your business, expanding into new markets, or pursuing an exit, we have a global network of experienced resources that can take you to the next level. For more information, please contact Ryan Youhan at [email protected]. *Elon Musk Goes Off Rails On Earnings Call* <https://www.socaltech.com/fullstory/0079807.html> Elon Musk, the founder of Hawthorne-based SpaceX, in addition to Tesla, appeared to go off script and off the rails on the Tesla earnings call on Wednesday. Musk--while answering questions about when Tesla might resume production in the Bay Area--suddenly called the Bay Area's "shelter in place" order "fascist" and said that is "not why people came to America or pulled this country--what the f**k?". (More... <https://www.socaltech.com/fullstory/0079807.html>) *Two Bit Circus Launches Virtual Cardboard Challenge* <https://www.socaltech.com/fullstory/0079803.html> Los Angeles-based Two Bit Circus Foundation, the nonprofit, educational arm of Two Bit Circus, says it is launching a new online "virtual Cardboard Challenge", a competition that encourages the worldwide STEAM community to create projects using cardboard at home. According to Two Bit Circus Foundation, the effort is aimed at getting people to embrace creativity and inspire the next generation of inventors. (More... <https://www.socaltech.com/fullstory/0079803.html>) *RIVIT TV Pauses Service Due To Pandemic* <https://www.socaltech.com/fullstory/0079805.html> Hollywood-based streaming television service Rivit TV, which recently launched a streaming television service which had allowed audiences to choose which series they wanted to support, says it will "pause" its service due to the COVID-19 pandemic. The company--which just launched on March 24th--blamed the "difficult current climate faced by audiences" and said it plans to restart in the Fall. The company had just launched three, original drama titles on March 24th. (More... <https://www.socaltech.com/fullstory/0079805.html>) *Newegg Expands Logistics Effort* <https://www.socaltech.com/fullstory/0079804.html> Los Angeles-based online electronics retailer Newegg says it has "dramatically increased" its logistics capabilities, as a result of the ongoing coronavirus pandemic. Newegg said its third-party logistics (3PL) operation has both increased production and made "significant hires" across the U.S. The company did not say how many people it has hired as a result of that expansion. (More... <https://www.socaltech.com/fullstory/0079804.html>) *Progenity Names New CIO* <https://www.socaltech.com/fullstory/0079806.html> San Diego-based molecular testing technology developer *Progenity <http://www.progenity.com>* said this morning that it has named Troy Seelye as its new Chief Information Officer (CIO). Seelye was most recently at Teradata, and also served at Illumina, and Amgen. Seelye had spent 17 years of his career with Amgen. According to Progenity, Seeyle will help to strengthen the company's technology and data strategy.(More... <https://www.socaltech.com/fullstory/0079806.html>) *Ford Cancels Rivian Electric SUV Plans* <https://www.socaltech.com/fullstory/0079800.html> Ford has cancelled an electric SUV it had planned to develop using technology from electric truck developer Rivian, as the automaker has gone into survival mode due to a massive impact from the ongoing pandemic. According to Ford's Lincoln arm, "Lincoln and Rivian have decided not to pursue development of a fully electric vehicle based on Rivian's skateboard platform," although Lincoln said they will continue to work together on other projects. (More... <https://www.socaltech.com/fullstory/0079800.html>) *Resources For UK Companies and Investors Impacted By Coronavirus <https://www.businesssupport.gov.uk/coronavirus-business-support/>* If you are a UK company, or an investor in the UK, and the Coronavirus is affecting your business: https://www.businesssupport.gov.uk/coronavirus-business-support/ If you have a UK registered business this is the primary source of information regarding the British Governments response and how to access that support. This includes employee furlough support, the large business loan scheme, corporate financing facility, HMRC’s ‘Time to Pay’ tax service, and VAT deferral. >From UK Government's Department for International Trade (DIT) *Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <https://www.bestronics.com>* Are the great ideas stacking up faster than your engineering resources can handle? Your company needs a reliable resource of analog/digital and software engineers to understand your issues, define the problem statements and lay out a course of action to output hardware products ready for integration into your system. Our unique capabilities, used by many in the medical, scientific, military and aerospace industries, allow us to offer engineering services that result in deliverable, production ready subsystems so you can concentrate on targeting your customer base and not stressing about the right mix and numbers of engineering talent needed to see your vision become reality. Contact us at http://www.bestronics.com *IP Protection for Technology and Business - SoCal IP Law Group LLP <http://www.socalip.com>* Patents. Trademarks. Copyrights. Trade Secrets. IP Filings. IP Strategy. IP Litigation. IP Transactions. US and Worldwide. Offices in Westlake Village and Santa Barbara. [email protected] www.socalip.com *Stubbs Alderton & Markiles Preccelerator <http://stubbsalderton.com/preccelerator/>* Accelerating Growth for Early Stage Innovation The Preccelerator® Program is a platform offered to select start-up companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides interim office space, sophisticated legal services, mentorship and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. The Preccelerator® Program provides these benefits to as many as 10 promising young startups in separate growth tracks. http://stubbsalderton.com/preccelerator/ ------------------------------ *Recent Funding <#funding>* 4/20/20 Faze Clan <https://www.socaltech.com/intelligence/?action=showdeal&id=100003> Los Angeles $40.00 M 4/17/20 Movandi Corp <https://www.socaltech.com/intelligence/?action=showdeal&id=100002> Irvine $27.00 M 4/16/20 Coconut Collaborative <https://www.socaltech.com/intelligence/?action=showdeal&id=99984> Los Angeles $7.00 M 4/16/20 Greenbits <https://www.socaltech.com/intelligence/?action=showdeal&id=99985> San Jose $23.00 M 4/14/20 Source Photonics <https://www.socaltech.com/intelligence/?action=showdeal&id=99983> West Hills $40.00 M 4/07/20 eResonate <https://www.socaltech.com/intelligence/?action=showdeal&id=99965> Playa Vista $1.00 M 4/02/20 SteadyMD, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=99938> Westlake Village $6.00 M 3/31/20 AristaMD, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=99937> La Jolla $18.00 M 3/20/20 Robin Games <https://www.socaltech.com/intelligence/?action=showdeal&id=99861> Venice $7.00 M 3/03/20 TaleSpin LLC <https://www.socaltech.com/intelligence/?action=showdeal&id=99860> Culver City $15.00 M 2/27/20 Dray Alliance <https://www.socaltech.com/intelligence/?action=showdeal&id=99854> Lakewood $10.20 M 2/26/20 Flock Freight <https://www.socaltech.com/intelligence/?action=showdeal&id=99853> Solana beach $50.00 M 2/21/20 Brace <https://www.socaltech.com/intelligence/?action=showdeal&id=99803> Santa Monica $10.00 M 2/20/20 SmartBug Media <https://www.socaltech.com/intelligence/?action=showdeal&id=99733> Irvine $0.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html ------------------------------ *Recent Job Postings * More jobs at http://www.socaltech.com/Jobs ------------------------------ ------------------------------ *Sponsored By * Stubbs Alderton Markiles, LLP (http://www.stubbsalderton.com). Business. Technology. Law. Vision. KPMG (http://home.kpmg/us/en/home/about/offices/los-angeles-1.html) Level up with KPMG Email [email protected] for more information about sponsoring this newsletter. ------------------------------ You are receiving this email because you subscribed to the socalTECH.com TechNews from our web site, or otherwise requested a subscription. If you do not want to receive this newsletter go to: http://listserv.socaltech.com/mailman/listinfo/socaltech or email us at [email protected] ------------------------------ Legal Notices ---- While SOCALTECH LLC has used its best efforts in collecting and preparing the information published herein, SOCALTECH LLC does not assume, and hereby disclaims, any liability for any loss or damage caused by errors or omissions, whether such errors or omissions resulted from negligence, accident or other causes. All contents Copyright (c) 2017 SOCALTECH LLC. 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