Coronavirus Updates: Milken Conference Postponed Again, L.A. County Hits Grim New Record

Coronavirus Updates: Milken Conference Postponed Again, L.A. County Hits Grim New Record

Here are the latest headlines regarding how the novel coronavirus is impacting the Los Angeles startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for the latest updates.

Today:

  • Los Angeles heads into week after largest one-day increase in COVID-19 deaths
  • Milken Global Conference postponed again
  • Skip grocery shopping this week, L.A. health officials warn as they prepare for onslaught

    Officials urge residents to skip shopping this week as deaths climb to 147, cases to 6,300 

    Bracing for a wave of coronavirus cases, Los Angeles county health officials asked people to skip shopping this week. The plea case as the fast-moving COVID-19 claimed another 15 people, bringing total deaths to 147 in the county. So far county health officials have logged 6,360 cases of COVID-19 with 420 new ones reported on Monday.

    "We will see many more cases over the next few weeks," said Barbara Ferrer, the county's public health director during a daily press conference. "If you have enough supplies in your home, this would be the week to skip shopping altogether. if you can arrange for medications and groceries to be delivered, this would be the week to put this in place. "

    Ferrer also said she's encouraging grocery stores and pharmacies to offer free delivery services for the elderly and those with underlying health conditions because they have such a high risk of dying from COVID-19

    She urged the elderly and those at high risk to not go out except for medical appointments. "There is a lot of virus circulating in our community and you are not safe if you go out," she said.

    Ferrer said last week that she expected new cases to jump to about 1,000 a day in the coming weeks.

    Milken Global Conference postponed again

    upload.wikimedia.org

    The Milken Institute announced Monday it was again pushing back the 2020 Milken Institute Global Conference, to October 12-15, 2020.

    It is another indication of how rapidly circumstances have changed over the last few weeks. Less than a month ago, Milken said the conference would be moved to July. It was originally scheduled to take place in May.

    The gathering, which attracts 4,000 attendees from more than 70 countries to Beverly Hills, normally takes over the entire Beverly Hilton – from the same massive ballroom where the Golden Globes are held to dozens of smaller rooms.

    Had it been held in July, the conference would likely have to have been more spread out. Milken staff were exploring different sites in Los Angeles since it was not clear how much of the Hilton was already booked. But with the event pushed back to October, the event can now once again take over the hotel.

    Of course, it remains very much an open question whether large scale events can take place at all by October. But Milken would be loath to cancel its Global Conference since it is a major source of the nonprofit's annual revenue.

    "The global crisis demonstrates the need for individuals, organizations, and nations to bridge divides and work together to find solutions to—and be better prepared for—economic and health challenges like those we are facing now and in years to come," Michael Klowden, CEO of the Milken Institute, said in a statement.

    Los Angeles heads into week after largest one-day increase in COVID-19 deaths

    cdn.pixabay.com

    Los Angeles County hit a grim new record over the weekend after 28 deaths were reported on Saturday from the novel coronavirus, the largest one-day increase since the outbreak slammed California. This will likely be front-and-center when California Gov. Gavin Newsom and Los Angeles Mayor Eric Garcetti hold respective briefings later Monday,

    As of Sunday, there were 15 additional deaths and 683 new cases -- bringing the county's totals to 132 deaths and 5,950 cases. "We have some very difficult days ahead and now is the time for all of us to redouble our physical distancing efforts and look after our neighbors, friends, and families who may be at the highest risk for serious illness from COVID-19," Barbara Ferrer, director of the L.A. County Department of Public Health, said in a statement.

    Luxurious Second Home Ownership without the Headache: How Pacaso is Changing the Landscape of Real Estate

    🔦 Spotlight

    Pacaso addresses the pain points of second home ownership, offering a luxurious, flexible, and financially sound alternative to traditional second homes and ultra-luxury hotels. Co-founded in 2020 by entrepreneur Austin Allison and former Zillow executive and prominent LA tech figure Spencer Rascoff, Pacaso, an unicorn startup, has redefined vacation home ownership with its unique co-ownership model. Rascoff's contributions to the LA tech scene extend beyond real estate; he also founded 75 & Sunny, an LA-based startup studio and venture fund, and co-founded dot.LA, an LA tech news and events company.

    LA residents adore Pacaso for its lush vacation destinations that also make for smart investments. Pacaso offers everything from serene weekend getaways in Aspen to sophisticated escapes in Paris. Each residence, valued between $200k to over $2M for 1/8th, boasts meticulous design, high-end furnishings, and premium amenities. Unlike traditional second home ownership, which involves high costs, maintenance, and underutilization, or ultra-luxury hotels, which lack the personal touch and investment potential, Pacaso's co-ownership model offers a superior solution. Co-owners enjoy the benefits of a high-end vacation home without the full financial burden and hassle of sole ownership, making it a smarter and more flexible choice for discerning buyers.


    Image Source: Pacaso

    Cabo, Mexico

    $822,000 (1/8th ownership)

    5 bds. l 5 ba. l 4,969 sq ft

    View Here


    Image Source: Pacaso

    Paris, France

    $600,000 (1/8th ownership)

    2 bds. l 2.5 ba. l 1,410 sq ft

    View Here


    Image Source: Pacaso

    Malibu, California

    $750,000 (1/8th ownership)

    3 bds. l 3 ba. l 1,880 sq ft

    View Here


    Image Source: Pacaso

    Park City, Utah

    $755,000 (1/8th ownership)

    4 bds. l 4.5 ba. l 2,584 sq ft

    View Here

    Head to Pacaso to learn more about its innovative co-ownership model that addresses the common challenges of second home ownership!


    🤝 Venture Deals

    LA Companies

    • Oak Essentials, the natural skincare brand founded by Jenni Kayne, has raised an undisclosed amount in Series A Funding from Silas Capital and Unilever Ventures. This investment will drive the brand’s expansion, focusing on product development, boosting marketing efforts, and expanding distribution channels. - learn more
    • Playhouse MD, an upcoming children’s healthcare platform that incorporates play to enhance health outcomes, has raised $4M in funding, according to a recent SEC filing. - learn more
    • FluidLogic, a high-performance hydration system provider, raised $15M in a Series A Extension led by Solyco Capital to support product development and innovation for adventure sports and outdoor endurance categories, with consumer products launching in early 2025. - learn more
    • Reflect Orbital, which uses in-space reflectors to direct sunlight to solar farms and large-scale lighting applications after sunset, has raised $6.5M in seed funding led by Sequoia Capital. The funding will help the company develop production vehicles and expand its team as it builds space-based energy infrastructure. - learn more

    LA Venture Funds
    • Smash Capital led a €20M Series B round into Vilnius-based Ovoko, an e-commerce platform for buying and selling used car parts across Europe, marking Smash Capital's first investment in Lithuania. The funds will support Ovoko's product development, market expansion, and team growth as it aims to dominate the European market for second-hand automotive components. - learn more
    • M13 led a $9M Series A Funding Round for Zenlytic, the world’s first self-serve business intelligence platform. - learn more



    LA Exits

    • Continuum Global Solutions’ healthcare vertical has been acquired by Everise, a customer service management company, enhancing Everise’s capabilities in pharmacy benefit management and expanding its growth prospects in the healthcare sector. - learn more
    • Radical Semiconductor, a company specializing in processing-in-memory technology, has been acquired by BTQ Technologies, a leader in post-quantum cryptography. This acquisition strengthens BTQ’s ability to secure data in the post-quantum era by integrating Radical Semiconductor's advanced technology portfolio. - learn more

    Download the dot.LA App

    🎧The Essential Podcast Playlist for Entrepreneurs, Founders, Tech Pros, and VCs

    Podcasts offer a front-row seat into the minds of the most successful entrepreneurs, VCs, and industry thought leaders. Whether you're scaling your startup, raising capital, or simply staying ahead of the game, these shows deliver invaluable insights, actionable lessons, and fresh inspiration. And let’s be honest, if you’re stuck in LA traffic (again), what better way to kill time than by learning from the best? Here’s a roundup of our top podcasts for entrepreneurs, founders, tech professionals, and VCs, complete with why they’re a must-listen.

    Image Source: Apple Podcasts

    The a16z Podcast

    • What it discusses: Covering a broad spectrum of topics like AI, blockchain, healthcare, and fintech, the podcast features interviews with founders, VCs, and tech leaders shaping the future.
    • Why you should listen: Get access to cutting-edge insights from one of the world’s most influential VC firms, keeping you ahead of emerging trends.
    • Why it’s great for entrepreneurs, founders, and VCs: This podcast brings cutting-edge insights from one of the top VC firms. Entrepreneurs will learn about emerging technologies, while VCs can stay ahead of investment trends shaping the future of tech.

    Listen on: Spotify |Apple Podcasts



    Image Source: Apple Podcasts

    Acquired Podcast

    • What it discusses: Acquired breaks down the stories behind major tech acquisitions, IPOs, and exits, dissecting the strategies and market dynamics involved.
    • Why you should listen: Gain deep insights into how tech giants build and sell, making it essential for anyone aiming to understand successful exits.
    • Why it’s great for entrepreneurs, founders, and VCs: Perfect for founders looking to scale or position themselves for acquisition. VCs will benefit from the deep dives into the playbooks of successful exits, offering valuable lessons on company growth and market positioning.

    Listen on: Spotify |Apple Podcasts



    Image Source: Apple Podcasts

    The All-In Podcast

    • What it discusses: From venture capital and tech trends to politics and economics, this podcast delivers unfiltered, candid commentary from high-profile industry insiders.
    • Why you should listen: It’s a no-holds-barred discussion on major issues affecting the tech industry, providing you with insider insights into the conversations that shape Silicon Valley.
    • Why it’s great for entrepreneurs, founders, and VCs: The candid, unfiltered conversations give listeners a peek into the decision-making processes of some of the biggest names in tech and VC. Entrepreneurs can gain valuable market insights, while investors will appreciate the high-level strategy discussions.

    Listen on:Spotify | Apple Podcasts



    Image Source: Apple Podcasts

    BG2 Podcast

    • What it discusses: BG2 takes you through macroeconomic trends, the tech market, venture capital insights, and cutting-edge technologies like AI. It’s a high-level conversation on tech investing.
    • Why you should listen: Brad and Bill’s deep experience in tech investing, combined with their straightforward, no-nonsense style, makes this a must-listen for tech insiders.
    • Why it’s great for entrepreneurs, founders, and VCs: Get insider-level insights into the macro trends driving tech investments. Founders will learn how to navigate these trends, while VCs can better understand the shifting forces in the venture world.

    Listen on: Spotify | Apple Podcasts



    Image Source: Apple Podcasts

    Crucible Moments Podcast

    • What it discusses: The podcast dives into the pivotal, career-defining moments of top leaders and entrepreneurs. Guests share personal stories of resilience, growth, and how they overcame adversity.
    • Why you should listen: It’s packed with inspirational stories of grit and perseverance, offering lessons that apply to both life and business.
    • Why it’s great for entrepreneurs, founders, and VCs: The podcast’s focus on personal and professional resilience makes it especially valuable for entrepreneurs who need inspiration during tough times, and VCs who want to understand how founders overcome adversity.

    Listen on: Spotify | Apple Podcasts



    Image Source: Apple Podcasts

    Grit Podcast

    • What it discusses: In-depth interviews with founders, executives, and leaders who share stories of navigating challenges, building resilience, and finding success in tough times.
    • Why you should listen: If you want raw, real stories of leadership and determination, this podcast offers invaluable insights into what it takes to lead in business.
    • Why it’s great for entrepreneurs, founders, and VCs: The podcast’s focus on perseverance and leadership makes it a must-listen for founders facing challenges in their business. VCs will gain insights into the traits that make strong, resilient founders.

    Listen on: Spotify | Apple Podcasts



    Image Source: Apple Podcasts

    The Twenty Minute VC

    • What it discusses: Featuring short, insightful interviews with top VCs and founders, this podcast covers topics ranging from securing funding to scaling startups.
    • Why you should listen: Perfect for busy professionals who want quick, actionable advice on navigating the venture capital world.
    • Why it’s great for entrepreneurs, founders, and VCs: For busy entrepreneurs, this podcast delivers quick, actionable advice on funding and scaling. VCs can stay connected to the latest trends through bite-sized interviews with industry leaders.

    Listen on: Spotify |Apple Podcasts


    These podcasts are packed with insights, inspiration, and actionable advice for anyone looking to grow, innovate, or level up. Whether you're building something new, looking for investment know-how, or just eager to learn from those who've been there, each show has something valuable to keep you moving forward on your journey.

    Download the dot.LA App

    📱From Digital IDs to AI Feeds: Tech Giants Shake Up the Digital World

    🔦 Spotlight

    Happy Friday Los Angeles!

    This week, two tech titans, Apple and Snapchat, announced groundbreaking updates that are poised to reshape the way we interact with our digital devices. From secure digital IDs to personalized AI feeds, these innovations are set to have a significant impact on our daily lives.

    Apple's Digital Driver's License: A Game-Changer for LA Residents

    Apple has taken a major step forward in digital identity with the integration of California driver's licenses and state IDs into Apple Wallet. This initiative, part of the state's mobile driver's license (mDL) program, offers a more convenient and secure way for LA residents to carry their identification. With encrypted data and NFC-enabled verification, users can now use their digital IDs at TSA checkpoints, select retailers, and even for age verification at bars and restaurants.

    The mDL program not only simplifies travel and everyday transactions but also presents exciting opportunities for LA-based startups specializing in fintech, cybersecurity, and identity verification. As digital IDs become more widely adopted, these startups can innovate to create new applications and services that leverage this technology.


    Image Source: Snap

    Snapchat's AI-Powered Feed and Enhanced AR: A Personalized Experience

    Snapchat is undergoing a major transformation with its most significant redesign in years, focusing on simplicity and personalization. The app now offers a more personalized experience, with an AI-driven "For You" feed that curates content tailored to individual preferences. Additionally, Snapchat has enhanced its augmented reality (AR) tools, opening up new possibilities for interactive experiences and creative expression.

    LA's thriving tech ecosystem, particularly its startups focused on AI and AR, stands to benefit greatly from Snapchat's innovations. These updates provide opportunities for local developers to create complementary technologies and explore new partnerships within Snapchat's evolving platform.

    Impact on LA's Tech Ecosystem

    Both Apple's and Snapchat's updates underscore a growing trend toward personalization, security, and streamlined user experiences. LA's tech scene, with its vibrant startup community and strong focus on innovation, is well-positioned to capitalize on these shifts.

    As digital experiences become more integrated into our daily lives, LA's startups can explore new frontiers in AI, AR, and secure mobile technologies. This wave of innovation is set to drive growth and collaboration within the local tech ecosystem, solidifying LA's reputation as a global hub for cutting-edge technology.


    🤝 Venture Deals

    LA Companies

    • PictorLabs, an AI-powered histopathology platform that enhances disease detection, has raised a $30M Series B led by Insight Partners. The company has now raised a total of $48.8 million. - learn more
    • Mellomanic, formerly We Are Giant, has raised a $6M Funding Round, bringing its total capital to $13.8M, to expand its platform and enhance its music experiences for artists and fans, backed by investors including Sterling Partners. - learn more

      LA Venture Funds

      • Mucker Capital participated in a $2.5M Seed Round for Tab Commerce, a fintech company providing financial management solutions to transform how restaurants handle their spending and optimize operational efficiency. - learn more
      • Finality Capital led a $3.2M Seed Round for RISE, a Gigagas Layer 2 blockchain platform designed to enhance scalability and reduce transaction costs. - learn more


      Download the dot.LA App

      RELATEDEDITOR'S PICKS
      Trending