*socaltech.com <http://socaltech.com> TechNews - Monday, July 6, 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 * - Insights: Personal Liability Risks of Directors of Financially Stressed Start-Up <#0080046> - Triller Claims 50M Monthly Active Users, As Indian Users Seek TikTok Alternative <#0080049> - Rocket Lab Launch Fails, Payloads Lost <#0080047> - EarFun Rolls Out New Wireless Earbuds <#0080048> - Off Day Trainer Joins GoDaddy Program <#0080050> - Klio Studio Launches Cloud Production Management Software <#0080045> - Hollar No More, As Five Below Rebrands Site <#0080044> - Outstanding Foods Finds $5M <#0080043> *Marketplace* - From Idea to IPO - KPMG’s Emerging Growth Practice <#ad760> - Accelerating Growth For Early Stage Innovation. <#ad764> - UK Government's Department for International Trade (DIT) <#ad756> - Bestronics - Electronic Engineering Services, SOMs, Imaging Products, Displays & Batteries <#ad752> - IP Protection for Technology and Business - SoCal IP Law Group LLP <#ad750> - Pacific Western Bank, Venture Banking Group <#ad749> - Early Stage Commercial Insurance - Pacific Unified Insurance Agency <#ad596> - Stradling <#ad608> *Monday, July 6, 2020* *Rucksack: Build an unstoppable team <https://rucksack.collective-genius.com/>* Build an unstoppable team by gaining access to over twenty years of best practices and tools from venture backed CEO's, founders, and investors in one online platform. Subscribe to Rucksack and get the entire Peak Planning and Tools System. Over 50 organized assets, videos, and printable resources. Including Peak Annual and Quarterly Guided Planning session videos and resources to build your Three Year Vision, One Year Plan, Quarterly OKRs, KPIs, Metrics Dashboard, Core Values, Mission Statement, Weekly Camp Meetings, additional tools and resources. https://rucksack.collective-genius.com/ *Insights: Personal Liability Risks of Directors of Financially Stressed Start-Up* <https://www.socaltech.com/fullstory/0080046.html> For today's Insights and Opinions section, we have an article on Navigating Turbulent Business Seas: Personal Liability Risks of Directors of Financially Stressed Start-Ups from Michael Sherman, Neil Elan and Karine Akopchikyan at Stubbs, Alderton, and Markiles LLP (www.stubbsalderton.com). The halcyon days of start-up companies and the venture community attraction to them hit a hard stop as the COVID-19 lock down spread across the U.S. earlier this year. (More... <https://www.socaltech.com/fullstory/0080046.html>) *Triller Claims 50M Monthly Active Users, As Indian Users Seek TikTok Alternative* <https://www.socaltech.com/fullstory/0080049.html> Los Angeles-based social video site Triller--which competes directly with TikTok--says it has reached 50 million monthly active users. According to Triller, it has seen a growing number of downloads and growth, particularly in India, following the ban of TikTok in India. Triller said it saw a "significant overnight spike in usage and downloads" as a result of the exodus of users from the ban on TikTok in India, and it has become the number 3 download in the photo and video category for India. (More... <https://www.socaltech.com/fullstory/0080049.html>) *Rocket Lab Launch Fails, Payloads Lost* <https://www.socaltech.com/fullstory/0080047.html> Long Beach-based satellite launch provider Rocket Lab had a catastrophic failure on its launch over the weekend, losing its 13th Electron mission 'Pics or It Didn't Happen', resulting in a complete loss of its satellite payloads. According to Rocket Lab, after a successful lift-off, first stage burn, and stage separation, it experienced "an anomaly" which resulted in the loss of the vehicle. The failure destroyed satellites destined for orbit owned by Spaceflight Inc., Canon Electronics Inc. (More... <https://www.socaltech.com/fullstory/0080047.html>) *EarFun Rolls Out New Wireless Earbuds* <https://www.socaltech.com/fullstory/0080048.html> Santa Monica-based consumer electronics developer *EarFun <http://www.myearfun.com>* says it is launching a line of wireless earbuds, called the EarFun Air. According to the company, the earbuds are its second generation of wireless earbuds. The company said its earbuds include a noise cancelling, 4-microphone setup, which it says keeps calls clear even with background noise, and have 7 hours of runtime. EarFun is led by CEO White Wong.(More... <https://www.socaltech.com/fullstory/0080048.html>) *Off Day Trainer Joins GoDaddy Program* <https://www.socaltech.com/fullstory/0080050.html> San Luis Obispo-based software company Off Day Trainer, a developer of software which personalizes and automates text messages for athletic trainers, says it is joining in an effort run by GoDaddy to help the fitness industry. According to Off Day Trainer, it has become an official partner of the GoDaddy #OpenWeStand program, which is looking to help small businesses impacted by the COVID-19 pandemic. (More... <https://www.socaltech.com/fullstory/0080050.html>) *Klio Studio Launches Cloud Production Management Software* <https://www.socaltech.com/fullstory/0080045.html> Hollywood-based Klio Studio, a new startup, said this week that it has launched a new, cloud-based production management solution aimed at the film, television, and commercial production market. The company--led by Adrienne Lunson--said it has developed a system to handle such aspects of production as development, fundraising, pre-production, production, post-production and even release. Lunson--a former US Navy officer, talk show host, and film producer--said the tool starts at $11. (More... <https://www.socaltech.com/fullstory/0080045.html>) *Hollar No More, As Five Below Rebrands Site* <https://www.socaltech.com/fullstory/0080044.html> Los Angeles-based, low-cost e-commerce products site Hollar is no more, and will be swallowed up by new owner Five Below, six months after the acquisition of Hollar by Five Below. According to an email to current customers of Hollar--known for its "dollar store" style, grab bag of products--Hollar will "soon become Five Below" and continue to offer up its $1 to $5 products, and occasional products of up to $10. (More... <https://www.socaltech.com/fullstory/0080044.html>) *Outstanding Foods Finds $5M* <https://www.socaltech.com/fullstory/0080043.html> Los Angeles-based Outstanding Foods, a developer of plant-based snacks--known for its PigOut Pigless Pork Rinds--said the funding was led by SternAegis Ventures, and also included LA lakers player JaVale McGee. The company said it will roll out new products with the funding round, and also use the capital for faster R&D, nationwide marketing, retail expansion, and hiring. Bill Glaser is the CEO and co-founder of Outstanding Foods. (More... <https://www.socaltech.com/fullstory/0080043.html>) *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]. *Accelerating Growth For Early Stage Innovation. <http://www.preccelerator.com>* The Preccelerator® Program is an accelerator for early-stage startups offered to select companies out of the Santa Monica office of Stubbs Alderton & Markiles, LLP that provides initial capital, sophisticated legal services, interim office space, mentorship, a targeted curriculum, investment strategy counseling and access to a strategic perks portfolio with the objective of helping you grow your idea from business concept to funded startup. www.preccelerator.com *UK Government's Department for International Trade (DIT) <https://www.events.great.gov.uk/ehome/200195057>* The UK is one of the world's fastest-growing tech hubs with more than 60,000 tech companies, 30 industry clusters, and over $14 billion in investment over the last five years. The UK Government's Department for International Trade (DIT) team provides local 1:1 support to companies expanding internationally, helping de-risk market entry with free support services. DIT can provide tailored set-up information, including market research, legal and accounting introductions, recruitment support, policy insight, and partnership-building opportunities. As the #1 destination in Europe for inward investment and tech talent, and home to more fast-growth companies than any other European country, the UK has a lot to offer to US companies. We work with all companies, from start-ups/scale-ups through to the Fortune 500. To find out more about "Why UK," and to work with DIT's LA team, contact us at: https://www.events.great.gov.uk/ehome/200195057 *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 *Pacific Western Bank, Venture Banking Group <http://www.pacwest.com/lending-solutions/venture-lending>* Pacific Western Bank is a commercial bank with over $26 billion in assets and 76 branches primarily located in California, with one in Denver, Colorado and another in Durham, North Carolina. Our Venture Banking Group offers a comprehensive suite of financial services focused on entrepreneurial businesses and their venture capital and private equity investors. We also offer Community Banking and National Lending services. For more information about the Venture Banking Group, visit www.pacwest.com/lending-solutions/venture-lending, or send an email to Brian Weber at [email protected] *Early Stage Commercial Insurance - Pacific Unified Insurance Agency < [email protected]>* We are a commercial insurance broker working with startup and early stage technology and E-Commerce companies to implement cost effective strategies for their insurance and risk management programs. We provide guidance and strategic planning during various phases and also advise regarding employee benefit structures to assist in employee recruiting and retention. Coverage placements include D&O, Property, Liability, Workers Comp, E&O, Cyber/Network Security and Employee Benefit Programs. Contact: John Huttinger, CIC, CRM Vice President Ph#310-370-5000 Ext 3025 w Fx 310-370-5454 [email protected] *Stradling <http://www.sycr.com>* Stradling, Attorneys At Law ( href="http://www.sycr.com";>http://www.sycr.com ) Stradling Yocca Carlson & Rauth (“Stradling”) is a premier business law firm with over 125 attorneys and 10 offices in the western US. The offices are: Newport Beach, Santa Barbara, Santa Monica, San Diego, San Francisco - SOMA, San Francisco - Financial District, Sacramento, Reno, Denver, Seattle. The Firm’s corporate, litigation and public law practices are well known for their expertise and depth. Stradling's clients include emerging and high growth public and private companies as well as private equity funds, venture capital groups and their respective portfolio companies. Widely recognized for its expertise, responsiveness and outstanding client service, the Firm's size, structure, and culture allow it to provide the highest quality representation while maintaining the responsiveness and relationships commonly associated with smaller firms. ------------------------------ *Recent Funding <#funding>* 6/25/20 Treehouse Games <https://www.socaltech.com/intelligence/?action=showdeal&id=100533> Los Angeles $2.60 M 6/25/20 Clickup <https://www.socaltech.com/intelligence/?action=showdeal&id=100534> San Diego $35.00 M 6/24/20 Pipe <https://www.socaltech.com/intelligence/?action=showdeal&id=100532> Los Angeles $60.00 M 6/23/20 Scalefast <https://www.socaltech.com/intelligence/?action=showdeal&id=100510> Manhattan Beach $21.58 M 6/17/20 DroneBase, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100472> Los Angeles $7.50 M 6/16/20 UNEST <https://www.socaltech.com/intelligence/?action=showdeal&id=100471> Hollywood $9.00 M 6/03/20 TAE Life Sciences <https://www.socaltech.com/intelligence/?action=showdeal&id=100255> Foothill Ranch $30.00 M 5/26/20 Apeel Sciences <https://www.socaltech.com/intelligence/?action=showdeal&id=100217> Goleta $250.00 M 5/21/20 Aspiration <https://www.socaltech.com/intelligence/?action=showdeal&id=100213> Marina Del Rey $135.00 M 5/19/20 ChromaCode, Inc. <https://www.socaltech.com/intelligence/?action=showdeal&id=100103> Carlsbad $10.00 M 5/19/20 Amplyx Pharmaceuticals <https://www.socaltech.com/intelligence/?action=showdeal&id=100104> San Diego $53.00 M 5/14/20 Prodoscore <https://www.socaltech.com/intelligence/?action=showdeal&id=100102> Irvine $0.00 M 5/13/20 Upkeep <https://www.socaltech.com/intelligence/?action=showdeal&id=100100> Los Angeles $36.00 M 5/06/20 BURST Oral Care <https://www.socaltech.com/intelligence/?action=showdeal&id=100010> Walnut $0.00 M ------------------------------ *Upcoming Events* Submit your events at least two weeks in advance to: http://www.socaltech.com/submitevent.html July 9, Irvine -- *TCVN Fireside Chat with Sean Ellis: Growth Hacking in a Post Covid-19 World* Growth Hacking In A Post COVID-19 World. TCVN. Join Tech Coast Venture Network in welcoming Sean Ellis, founder of Qualaroo and the mastermind behind the Dropbox’s viral growth strategy. Sean will chat with Michael Sawitz about his thoughts on growth hacking in a post Covid-19 world and how his insights can be used to benefit your business. See http://www.socaltech.com/calendar/eventid/26630 ------------------------------ *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. All rights reserved. socalTECH.com - Dedicated to High Tech in Southern California http://www.socaltech.com/ SOCALTECH LLC 4607 Lakeview Canyon Road, Suite 290, Westlake Village, CA 91361
_______________________________________________ Socaltech mailing list [email protected] http://listserv.socaltech.com/mailman/listinfo/socaltech
