rhubarb studios, the Los Angeles-based venture studio that helps entrepreneurs bring their ideas to life, announced that it raised $1 million in seed funding. This money will be used to further grow the studio and amplify resources for [build], rhubarb studios’ three-month immersive coaching program which takes startups from conception to series A.
Launching a new business is exciting, but it doesn’t come with any guarantees. The good news is we know what attributes successful startups tend to have in common: they produce a product or service that meets a specific need, they thrive on the uncertainly of startup culture, and they don’t run out of cash.
Building a company for the purpose of selling it is a proven strategy for a fast payoff. Like any asset, the more attractive a business is to potential acquirers, the more likely it will be purchased. Focusing on the key elements that larger brands examine when they consider an acquisition is crucial for obtaining the best price and for establishing a corporate brand that distinguishes itself from its competitors as a valuable asset. There is a strong argument that can be made for preparing to sell your company from Day 1 by strategically positioning your company in a growth industry where merger and acquisition activity is likely.
500 Startups officially announced their Batch 15. Among them is one of our very own REACH NeXT alumni Mahmee! We were stoked when we partnered with 500 startup for REACH NeXT and now are over the moon that they selected one of our winners. Congrats to the Melissa Hanna and the rest of the Mahmee team!
LA’s startup community is so hot, it is spilling over into Santa Clarita. One weekend, teams of newly formed entrepreneurs and who knows what products or big ideas can happen? Santa Clarita Startup Weekend is a grassroots event, organized by five volunteers who currently live in the Santa Clarita Valley.
We did it folks! The 1st annual REACH NeXT event was a great success! Before we get to the winners I wanted to give a big thanks to Christen da Costa of GadgetReview and Co-founder of REACH. Also, another huge thanks to Gray Bright of The Tomorrow Show, Cauri Jaye, Chris Dover, Rebecca McLauchlan of rhubarb studios and Cameron Kashani! All the amazing that went down yesterday could not have happened without you :)
Congrats guys and happy to say we knew you when. INRIX a leading provider of real-time traffic information and connected driving services worldwide, announced it has completed the acquisition of ParkMe, a Santa Monica, CA company that helps consumers find parking, make reservations and mobile payments worldwide. This deal makes INRIX the preferred provider of parking information and services to leading automakers, transportation agencies and drivers around the world.
One question everyone asks is what investors look for when deciding whether or not to fund a startup. Having a high-caliber team with a good track record and a clear value proposition are givens. But the bottom line is that it comes down to the numbers. VCs are looking to make investments that pay off big.