With Masks in Short Supply, Local Companies Start Sewing
Sonia Smith-Kang posted a call out on Facebook announcing her boutique children's clothing business in downtown Los Angeles was pivoting to designing masks to help protect first responders. The next morning she had nearly 400 orders and pleas for more.
The inspiration to alter her business came from conversations with her husband, a doctor who works in the intensive care unit at Dignity Health - Northridge Hospital Medical Center. "When he would come home, he said 'there's a shortage of masks," said Smith-Kang, a former nurse and founder of Mixed Up Clothing, which makes clothes that draw on cultural themes. "This really validated what we were hearing."
Gov. Gavin Newsom said Wednesday on Twitter that although the state has delivered masks, his office is still scrambling.
"California has distributed 24.5 million N95 masks. We have now ordered 100 million new masks. But it isn't enough. We're working around the clock to secure the personal protective equipment needed for those on the frontlines of #COVID19," he said.
With masks and other supplies becoming scarcer to health care professionals, Los Angeles officials earlier this week called on manufacturers to convert their operations to provide needed products from masks and gloves to swabs. Several have already stepped up including SpaceX. Santa Monica-based Figs, which produces scrubs, said Wednesday that it would be donating 30,000 sets to hospitals. And there's a slew more of sewers and other groups preparing masks.
Smith-Kang said she can only produce about 1,000 masks a day but she wanted to do what she could. The masks come in two different patterns, one with a beak for the nose and the other rectangular. All follow guidelines for the Center for Disease Control and Prevention and have a pocket for filters. Individuals can buy one and the second will be donated.
The change in her business has been a relief. Smith-Kang has been able to bring back sewing contractors she released earlier this month. So far, she's had almost 800 orders and pleas from nurses to get masks.
"If I can do anything, I am going to do it," she said.
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'Going Public' is a Fintech Spin on Reality TV and the JOBS Act, with Viewers as Potential Investors
If you've ever watched Shark Tank and wished that you could hop in the waters and invest alongside Mark Cuban and Mr. Wonderful, "Going Public" may be just the show for you.
The new series will showcase five companies preparing to go public on the NASDAQ stock exchange. Over the course of 10 episodes, viewers will follow the company founders as they promote their offering and receive feedback and advice from mentors, professional investors and other executives. Those watching at home who think they've spotted a winner will have a chance to get in on the action at the initial public offering (IPO) price for the companies that end up going public.
On this week's episode of Behind Her Empire, hear from Rana el Kaliouby, an Egyptian-American scientist, innovator, author and CEO. She co-founded the artificial intelligence company Affectiva, and has pioneered a digital software she says can read and analyze human emotion in real time.
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LA Tech Updates: Fisker to Go Public; LA Bars, Gyms and Salons Go Dark Again; Apple Gives $400M to Stem Housing Crisis
- LA Bars, Gyms and Salons Go Dark Again
- Fisker set to go public with $2.9b valuation, EV SUV to roll out by 2022
- Apple Allocates $400M to Affordable Housing in California
Southern California Bars, Restaurants, Salons, Gyms, Places of Worship Must Shut Down Indoor Operations Amid Surge in COVID-19 Cases<img lazy-loadable="true" src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzQyMDM0Ny9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYyOTEyNzMzOX0.iAGyu93QLg4u7of6jR5kB1LcjJs1dH_dlc2ndkknWGs/img.jpg?width=980" id="a7312" class="rm-shortcode" data-rm-shortcode-id="deb62c3b61d59ad6fe2da2d592929dd4" data-rm-shortcode-name="rebelmouse-image" />Image courtesy of Musso & Frank's<p> Bars, gyms, places of worship, salons and offices for non-critical sectors will largely go dark again in Southern California. As coronavirus cases surge, Gov. Gavin Newsom announced a list of new statewide restrictions and targeted closures in 30 counties including Los Angeles. </p><p> Statewide, all bars, dine-in restaurants, wineries, movie theaters, museums, card rooms and entertainment centers must close indoor operations, Newsom said on Monday. </p><p> "This is a new statewide action effective today," he said. </p><p> <span></span>In counties on the state's watch list, which include Los Angeles, Riverside, San Bernardino and Ventura counties, personal care services including salons and barbershops, along with indoor malls and fitness centers must close indoor operations. </p><blockquote class="twitter-tweet">Effective immediately, CA is closing some indoor business operations statewide and additional indoor business operations in counties on <a href="https://twitter.com/CAPublicHealth?ref_src=twsrc%5Etfw">@CAPublicHealth</a> Monitoring List for 3 consecutive days.<br><br>📍Find the updated list of counties here: <a href="https://t.co/snYe5v55Rw">https://t.co/snYe5v55Rw</a> <a href="https://t.co/W3wBJp2ap5">pic.twitter.com/W3wBJp2ap5</a><br>— Office of the Governor of California (@CAgovernor) <a href="https://twitter.com/CAgovernor/status/1282754914821656576?ref_src=twsrc%5Etfw">July 13, 2020</a></blockquote> <script async="" src="https://platform.twitter.com/widgets.js" charset="utf-8"></script><p> Those on the watchlist are among the most populous parts of the state, containing about 80% of Californians. </p><p> Restaurants are still allowed to stay open for outdoor dining and takeout. <br> </p><p> As of Monday, California had more than 329,000 cases and 7,040 deaths. </p>
Fisker Set to Go Public with $2.9b Valuation, EV SUV to Roll Out by 2022<img lazy-loadable="true" src="https://dot.la/media-library/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzQ1MzYxNS9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTY1MzAwMzU5MH0.KjTk7UCExD0E7jgdTCxdRO7pR0kI-TbtMYQgsD6_HJw/image.jpg?width=980" id="00531" class="rm-shortcode" data-rm-shortcode-id="d9feb4bf17ba371882a99b14ebfa134a" data-rm-shortcode-name="rebelmouse-image" /><p>Electric car startup Fisker is set to go public through a merger that values the company at $2.9 billion and allows it to begin producing its first vehicle by 2022. </p><p>Los Angeles-based Fisker <a href="https://www.fiskerinc.com/wp-content/uploads/2020/07/Fisker-Press-Release-NYSE-Merger-Apollo-Spartan-Energy-FINAL-Sunday-1530PST-D360-FINAL.pdf" target="_blank">announced the deal </a>with Spartan Energy Acquisition Corp, a special purpose acquisition company backed by private equity firm Apollo Global Management on Monday. It comes as investors look for the next Tesla Inc, which has seen soaring valuation in recent weeks.</p><hr><p>The deal - expected to close by the end of the fourth quarter - will give Fisker more than $1 billion in gross proceeds to jumpstart production of Fisker Ocean, the vision of founder Henrik Fisker, CEO and chariman of the eponymous named startup. The arrangement spotlights the use of special purpose acquisition companies, known as a SPACs. Another SPAC enabled electric-vehicle startup Nikola Corp to go public last month. Nikola shares have soared since their debut. </p><p>The Fisker Ocean, which premiered at the Consumer Electronics Show earlier this year, starts at $37,499 and is being billed as the most sustainable vehicle, replete with a vegan interior and recycled carpet. Reservations for the either purchase or lease start at $250. </p><p>"This vote of confidence from investors, coupled with our exciting progress on the development of our first vehicle, lays out Fisker's path to 2022 and beyond," said Fisker, a one time Aston-Martin designer. <br></p><p>He <a href="https://www.cnbc.com/2020/07/13/ev-startup-fisker-to-go-public-through-merger-with-apollo-backed-firm-at-combined-value-of-2point9-billion.html" target="_blank">told CNBC </a>that the agreement was the best way to get the line of vehicles produced, but said the company does not intend to build its own plant. While the EV market is expected to soar in coming years, startups struggle to find funding for the capital intensive demands of building a car. </p><p>"Our funding, product plans and brand development actions are on course," Fisker said in the announcement. "Prototype vehicles are expected to start durability testing by the end of this year, and we continue to make significant progress on the development of our sales and service proposition."</p><p>Fisker's previous venture, Fisker Automotive, fell into bankruptcy in 2013 and was bought by a Chinese group that rebranded it Karma. That company, which has been struggling after several layoff rounds and restructuring, <a href="https://dot.la/karma-car-2646367624.html" data-linked-post="2646367624" target="_blank">last week secured $100 million from investors</a>. It hopes to use that to raise a total of $300 million and roll out a line of electric vehicles.<br></p>
Apple Allocates $400M to Stem California's Housing Crisis<img lazy-loadable="true" src="https://dot.la/media-library/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzQ1Mzk5My9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTU5NTcxMzA4NX0.K86VfE92hD0CjisMGk5r9Uc-uVxIrfDtuG4pHn1wbb0/image.jpg?width=980" id="9b774" class="rm-shortcode" data-rm-shortcode-id="f9eea1ac10a1579d146be0552a48fec0" data-rm-shortcode-name="rebelmouse-image" />white and brown wooden house during night timePhoto by Carl Nenzen Loven on Unsplash<p>Apple announced today that it has allocated its first $400 million toward addressing California's housing crisis. The Silicon Valley giant had said last November it would commit $2.5 billion to the effort over multiple years. </p><p>Apple first partnered with Housing Trust Silicon Valley in hopes of bringing affordable housing and mortgage assistance to the Bay Area. Now, they're expanding their partnership to California House Finance Agency (CalHFA), a state agency that supports renters and homebuyers in two ways: Their single family division allows families to apply for loans and work with loan officers directly to tailor a plan to their income. Their multifamily division helps housing developers apply for loans to create more affordable housing.</p><p>The funding is heavily concentrated around the Silicon Valley and the Bay Area, but cities statewide will be able to apply for their housing assistance in areas throughout the state where the company is present, including Culver City.</p><p>"Affordable housing means stability and dignity, opportunity and pride. When these things fall out of reach for too many, we know the course we are on is unsustainable, and Apple is committed to being part of the solution," said Tim Cook, Apple's CEO, in a press release. </p><p>The company is dividing its financial assistance to have the broadest possible impact: $1 billion for an affordable housing investment fund, $1 billion for first-time homebuyer mortgage assistance fund, $300 million Apple-owned land for affordable housing, $150 million Bay Area housing and $50 million to support vulnerable populations.</p><p>The low-cost housing efforts will roll out over the next five years across the Bay Area, but two of the four programs are already underway.</p>
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