Day Two of the dot.LA Summit Features Bill Gurley, GOAT Group and the Inaugural Startup Awards
Rachel Uranga
Rachel Uranga covers the intersection of business, technology and culture. She is a former Mexico-based market correspondent at Reuters and has worked for several Southern California news outlets, including the Los Angeles Business Journal and the Los Angeles Daily News. She has covered everything from IPOs to immigration. Uranga is a graduate of the Columbia School of Journalism and California State University Northridge. A Los Angeles native, she lives with her husband, son and their felines.
Silicon Valley's top dealmaker Bill Gurley will keynote the second day of dot.LA's inaugural conference at 9 a.m., followed by two tracks of panels focused on L.A.'s growing startup and tech scene. dot.LA will also announce the winners of its first Startup Awards celebrating the region's most innovative people and companies.
Watch all the panels at the dot.LA Summit website. There's still time to sign up for the conference here.
The event will showcase the people, technology and ideas that shape how we live and have defined dot.LA's coverage since it launched in January. The organization was founded by former Zillow co-founder Spencer Rascoff and dot.LA's CEO Sam Adams with the goal of shining a light on Los Angeles' burgeoning and diverse tech scene.
Kevin Mayer, the former head of TikTok had been scheduled for the event's keynote speaker, but cancelled on the advice of his lawyers shortly before the summit. TikTok, owned by Chinese internet company ByteDance, is embroiled in a battle with the Trump administration that seeks to shut it down.
Sarah Harden, CEO of Hello Sunshine and Liz Jenkins, CFO will open up the summit on Tuesday with a discussion about how small celebrity-driven production companies are transforming the traditional Hollywood machine and adding diversity.
Other speakers include the electronic music duo The Chainsmokers who founded venture fund Mantis, Headspace CEO Rich Pierson. Blavity founder and CEO Morgan DeBaun, Sweetgreen co-founder and CEO Jonathan Neman, Suma Wealth co-founder and CEO Beatriz Acevedo and Jesse Jacobs, co-founder and partner of The Chernin Group.
dot.LA will hold its pitch competition finale for early-stage startups at the end of the first day of the Summit. More than 100 companies with a product and less than $1 million in hand competed to get in the final stage. The pitches will be judged by Anna Barber, Managing Director of Techstars Los Angeles, and Rascoff, who most recently helped establish Supernova Partners Acquisition Company. The winner will receive special access to Amazon Web Services, Fenwick, Full Stack Finance and Carta.
The full summit schedule can be found at dot.LA.
From Your Site Articles
- The dot.LA 2020 Summit Takes Place October 27th and 28th - dot.LA ›
- GoodRx Is Named Startup of the Year at dot.LA Summit Awards - dot.LA ›
Related Articles Around the Web
Subscribe to our newsletter to catch every headline.
With less than two weeks before Thanksgiving, passengers worried about transmitting the coronavirus on their trip can get tested at Los Angeles International Airport with results back within 24 hours.
Beginning Tuesday, Clarity Lab Solutions will offer an FDA-approved nasal swab test for $150, LAX officials announced Monday as they braced for what is normally some of the busiest travel days. Though this year, airlines are seeing reservations at just a fraction of what's expected.
<p>The pilot program also comes as county health officials report a recent spike in coronavirus cases and prepare for more as the holidays approach. Los Angeles remains in the most restrictive category of California's <a href="https://covid19.ca.gov/safer-economy/" rel="noopener noreferrer" target="_blank">reopening blueprint. </a></p><p>On Friday, the California Department of Public health issued an advisory notice recommending that travelers arriving in California quarantine for 14 days and that residents of the state stay home and avoid non-essential travel. </p><p>This is the "first phase" of the airport's COVID testing plans. In early December, the airport — the nation's second busiest last year — will open an on-site rapid test lab to deliver quicker results.</p><p>Until that unit is unveiled, the New Jersey-based company will process test results at a downtown lab location, according to an LAX spokesperson.</p><p>The PCR tests are available on a walk-in basis at the check-in counters at the Tom Bradley International Terminal and the arrivals side of Terminals 2 and 6, home to airlines including Southwest, Delta and Virgin Atlantic. The pop-ups will stay open seven days a week from 8 a.m. until 8 p.m.</p><p><br/></p><p><br/></p><p class="shortcode-media shortcode-media-rebelmouse-image">
<img type="lazy-image" data-runner-src="https://dot.la/media-library/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yNDc4MzE4MS9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYzODg2MTczNn0.4FPeT3_6lkG1FwXdTVjLvLhFTgoUWCLqTXKc1q-8rT0/image.jpg?width=980" id="f5f04" class="rm-shortcode" data-rm-shortcode-id="9ea7b6e1a36f7d7f07718b8c563ad039" data-rm-shortcode-name="rebelmouse-image" />
</p><p><br/></p><p>The testing site that'll open in December was developed by SG Blocks, a company that turns shipping containers into pop-up businesses, and the architecture firm Grimshaw. It'll sit across from Terminal 6 on the lower arrival levels.</p><p>Clarity Lab Solutions will operate the facility where visitors can purchase either a PCR test or a rapid antigen test that delivers results in "just a few hours." Both are diagnostic tests that scan for active infection of the virus. It is unclear how much the antigen test will cost.</p><p>"By providing easy access to on-site COVID-19 tests, we are enabling the return of air travel to destinations that require a negative test to avoid quarantines or other government restrictions and helping our guests who must travel during the holidays and beyond to do so safely," said Justin Erbacci, CEO of Los Angeles World Airports, which owns LAX, in a statement. </p><p>In September, the airport introduced the testing centers in a statement claiming they would likely be erected <a href="https://dot.la/covid-test-lax-2647828250.html" target="_self">by Nov. 1</a>. </p>
From Your Site Articles
- Covid Testing Soon Coming to LAX - dot.LA ›
- Los Angeles Opens COVID Testing Kiosk at Union Station - dot.LA ›
- Ahead of Thanksgiving, COVID Test Demand Surges - dot.LA ›
Related Articles Around the Web
Read more
Show less
Here’s how L.A.’s Curative Plans to Move Saliva-Based COVID-19 Testing to Other U.S. Cities
May 04 2020
Fred Turner, the 25-year-old founder of Curative Inc., is the man behind L.A.'s push to bring universal testing to the region. But, he has bigger plans.
Turner, an Oxford dropout, just landed a deal with the Air Force to test military worldwide and he's now eyeing national expansion for his startup. By the end of this month, the company he started months ago is expected to pump out more than a million test kits a week.
"We are a strange company because our goal is to essentially put ourselves out of business," Turner said.
<p>Turner, who was named UK Young Engineer of the Year at age 17 when he built a DNA machine from his bedroom to figure out why his brother had red hair and he had brown hair, turned his focus to coronavirus in January. He upended his life as head of Shield Bio, which sought to eliminate sepsis, and moved to Southern California after a local venture capitalist connected him with a lab that he could build out for COVID-19 testing. </p><p>Curative Inc. was born. </p>
<img lazy-loadable="true" src="https://dot.la/media-library/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vYXNzZXRzLnJibC5tcy8yMzE4NjM5Ni9vcmlnaW4uanBnIiwiZXhwaXJlc19hdCI6MTYxMTkyMDg3Mn0.Fy0dtjHfIsqIXJAOI7MUohie11857cWDACI3OksmLt4/image.jpg?width=980" id="515a2" class="rm-shortcode" data-rm-shortcode-id="7ee43a7a9c8e7ea09bd6cdb251d45ace" data-rm-shortcode-name="rebelmouse-image" />
Curative, Inc. Founder Fred Turner is the man behind L.A.'s push to bring universal testing to the region.
<p>For weeks he lived in hotels as he created what has become the backbone of testing in America's second largest city. The company, one of the few saliva-based tests that have gotten emergency approvals from the FDA, has a 10% false negative rate, according to their own non-peer reviewed studies. Turner argues the rate is better than most of the nasal swab testing out there and oral tests, which can be self-administered, are the only way the country can reopen quickly.</p><p>He is now operating two labs, one in San Dimas another in Washington D.C., with plans for several more across the nation. Meanwhile, the rest of the country is watching to see if Los Angeles' promise of universal testing meets the expectations with some already complaining about the difficulty of securing an appointment.</p>
<p><strong>dot.LA: Curative is responsible for 95% of Los Angeles COVID-19 tests. Can you meet the demand for universal testing?</strong><br/></p><p><strong>Curative, Inc. Founder Fred Turner:</strong> We will be able to fulfill demand. There's more infrastructure that needs to be put in place. With the collection site, the mayor's office has been working hard to scale those up and make sure that the collection site infrastructure is in place. On the lab side, we definitely have enough capacity to serve the area.</p><p>In (the San Dimas) lab we have capacity for about 20,000 per day. We're going to be scaling this lab up to 30,000 over the next week or so, eventually, probably slightly more than that. </p><p>Ultimately, the goal is to do as many tests as we need to reopen the country and I think we've had many different estimates of how many that might be. I've heard estimates (that it will take) as high as five million tests a day to reopen, but the current supply chain is nowhere near going to be able to keep up with that. The next goal we are shooting for is a million tests a week by about mid-May, end of May.</p><p><strong>If we're testing more people will that strain the turnaround time? Right now, I understand it's about 24 to 72 hours. Can you take it down to several hours or even minutes?</strong></p><p>We are always aiming to push it down. I think it can be pushed under 24 hours, but we tend to focus more on scaling it up at that point. I think 24 hours is around optimal as you bring on more capacity. We're obviously being careful to match the capacity coming into the lab against the turnaround. </p><p><strong>Curative is one of the few companies that the FDA has provided emergency approval for use of a saliva test. Do you think this is the answer to universal testing nationally?</strong> </p><p>Oral fluids is the technical term, which is slightly different from saliva. Our protocol involves having the person cough first, which releases virus from the upper and lower respiratory tract. Some of that is then caught in the saliva, and also viruses in the saliva. The idea is you're effectively sampling multiple sites at once, which we think gives a slight increase in the sensitivity of the testing.</p><p>Self-collected sampling has got to be the way forward. There's just no way that we can do a million nasal pharyngeal swabs, or we call them 'brain swabs,' it's just not practical. We don't have the medical staff, and as a country we just can't do that many swabs. And so the way forward is going to be self collection. That's the only thing we can do at scale.</p><p class="shortcode-media shortcode-media-youtube">
<span style="display:block;position:relative;padding-top:56.25%;" class="rm-shortcode" data-rm-shortcode-id="93ba4781c410d06eb2cfed59cce147a8"><iframe type="lazy-iframe" data-runner-src="https://www.youtube.com/embed/LNopEE7lC6E?rel=0" width="100%" height="auto" frameborder="0" scrolling="no" style="position:absolute;top:0;left:0;width:100%;height:100%;"></iframe></span>
<small class="image-media media-caption" placeholder="Add Photo Caption...">Covid-19 Oral Fluid Test Kit Instructions</small>
<small class="image-media media-photo-credit" placeholder="Add Photo Credit...">
<a href="https://www.youtube.com/watch?v=LNopEE7lC6E&feature=emb_title" target="_blank">www.youtube.com</a>
</small>
</p><p><strong>Curative recently secured a contract with the Department of Defense. What's next?</strong><br/></p><p>We haven't settled on the exact number, but we will be in a large number of states. That is the plan, building out the infrastructure for this kind of testing. We can take the L.A. model and scale it across the country. We have a version of the drive-thru software that other cities and states can take. We have all the training material. We have a team that fly around the country setting up these drive-thru sites. We have really tried to make a plug-and-play package where cities and states that want to launch drive-thru testing, we have everything they need. </p><p><strong>Is Los Angeles a testing ground and a proving ground for national efforts?</strong></p><p>Yeah, I think Mayor Garcetti has definitely demonstrated what can be done if the city moves very quickly to build out the infrastructure, I do think the drive-thru testing, walk through testing is going to be an essential component of this.</p><p>It's just much faster to get the samples to the lab than shipping it out and then shipping it back again. The infrastructure piece is critical for getting these tests out there and we're working with several other states now on building out a similar infrastructure. Some of them have existing programs that we would be plugging into and expanding, and some of them are looking to roll out their own similar programs. You can test a lot more people with the oral tests with far fewer staff.</p><p><strong>What are the challenges with the supply chain in terms of making your tests more widely available?</strong></p><p>We need more plastic, more robots, more people. Most of the components that go into these tests are just already maxed out in their production capacity. And so we've been throwing online a bunch of internal production, such as injection molding to make our swab kit tubes, as well as bringing on other sources of similar materials that are not being used for COVID-19 testing and validating them for COVID. So for the swabs, for example, we use a swab type that is usually used for testing clean rooms. It works just as well for COVID testing, but nobody else is using it for that purpose. </p><p>We don't want to be competing with other people, stopping them from getting access to resources. We want to bring on new supply so it's not a zero- sum game, and the total amount of tests will increase. But, I think distribution is going to be a bigger bottleneck over the next month. Los Angeles has done a fantastic job in building out infrastructure and collection. That needs to happen now across the whole country. </p><p><strong>What would it take to meet national demand?</strong></p><p>It would take a network of multiple labs that we are calling gigalabs that can process 50,000 to 100,000 tests a day across the country and a significant scale up in the production of the physical components that go into the tests. We've been investigating lab sites in a few states, something central like Texas or Colorado. </p><p><strong>Are you concerned that you have too high of a false negative rate at 10%?</strong></p><p>All COVID tests will have false negative rates. In our studies, we demonstrated that the sensitivity is at least as good if not better than the nasal pharyngeal swab tests. So, there will definitely be false negatives as there will be in every test, but we think the data supports us having a low rate of false negatives. The sensitivity is about 90%.</p><p>When you include all patients, the nasal pharyngeal came in at about 79%. A new (non-peer reviewed) Yale study shows a higher sensitivity from saliva and all fluids than the nasal pharyngeal. I don't think we have the evidence to say that we're better yet, but we have the evidence to say that we're at least equivalent. The ease of doing oral tests and the accessibility is obviously significantly better. We're not using PPE. We're not exposing healthcare workers. It's just a much easier test to roll out that people can test themselves.</p><p class="shortcode-media shortcode-media-rebelmouse-proxy-image">
<a href="https://upload.wikimedia.org/wikipedia/commons/f/f9/Florida_National_Guard_%2849677710741%29.jpg" target="_blank"><img type="lazy-image" data-runner-src="https://assets.rebelmouse.io/eyJhbGciOiJIUzI1NiIsInR5cCI6IkpXVCJ9.eyJpbWFnZSI6Imh0dHBzOi8vbWVkaWEucmJsLm1zL2ltYWdlP3U9JTJGd2lraXBlZGlhJTJGY29tbW9ucyUyRmYlMkZmOSUyRkZsb3JpZGFfTmF0aW9uYWxfR3VhcmRfJTI4NDk2Nzc3MTA3NDElMjkuanBnJmhvPWh0dHBzJTNBJTJGJTJGdXBsb2FkLndpa2ltZWRpYS5vcmcmcz0yNzMmaD1hZDI1NWIwOTNkYWE5ODBjMzU4NjMzYWM0YmE2OGYwYmYxZGRlMGNmYjFlNjdjNDhlMjQxZTZkZDZjZDE3YzNhJnNpemU9OTgweCZjPTEzMDE3NDMyMjYiLCJleHBpcmVzX2F0IjoxNjE0NzExNjkyfQ.BvjB0Zw5cLoqqcX5ba4uhPBwCzyao_4h0HSdTdD7IEk/img.jpg" id="cbbc9" class="rm-shortcode" data-rm-shortcode-id="8965d4da3c9fec19960a954cded4abca" /></a>
<small class="image-media media-caption" placeholder="Add Photo Caption...">File:Florida National Guard (49677710741).jpg - Wikimedia Commons</small>
<small class="image-media media-photo-credit" placeholder="Add Photo Credit...">
<a href="https://upload.wikimedia.org/wikipedia/commons/f/f9/Florida_National_Guard_%2849677710741%29.jpg" target="_blank">upload.wikimedia.org</a>
</small>
</p><p><strong>At one point, Curative was attempting to roll out at-home testing and then had to pull back after FDA warnings. Will you be making home testing kits again?</strong><br/></p><p>I can't give a time estimate but we are actively working with the FDA right now. I think their concern is "can people adequately collect the sample, or will they do it wrong, and then get a negative test result," which is incorrect. Our plan is to use telemedicine observation. What we've seen in our clinical studies is that if you give people the chance to do it wrong, they will do it wrong. In fact when you have somebody observing, they read the instructions better and they collect a better sample. We're still working on the pricing and potentially looking at whether there is federal or state reimbursement for some of that testing and the potential of billing insurance. </p><p><strong>Tracing technology has been promising. Do you have any plans to tie tests to these applications to testing?</strong> </p><p>We've had several conversations with contact tracing apps and we continue to work in collaboration with public health departments in their contract tracing efforts. Having the test is obviously one thing, but you have to use the information to actually stem the tide of COVID infection. And so, it is an essential step in working closely with various people. </p><p>I do like the app-based models where you obviously want to maintain people's privacy, but having people opt-in to share their location history if they test positive so you can contact nearby people.</p><p><strong>What does Curative do once there's a vaccine? Are you obsolete?</strong></p><p><strong></strong>The U.S. needs to maintain some kind of spare capacity so that next time we are not having to build all of this during a pandemic. But we are a strange company because our goal is to essentially put ourselves out of business. Ultimately, and I say this to everyone we hire, we don't know how long this will go on for. We want to provide as many tests as needed, but the goal is to end COVID and not be doing COVID testing anymore.</p><p><strong>Curative took off in March when you arrived in Los Angeles from Silicon Valley, how has the journey been for you personally?</strong></p><p><strong></strong>I don't have very much free time, but it's been a lot of fun to be able to work at this pace and have the support of people like the city, the mayor's office to really just do what is needed to scale this up. When we work with suppliers, and we say we're doing COVID testing, they just move heaven and earth to make things happen. It's been really inspiring to be a part of that push forward.</p><p>We are just pushing as hard as we can to scale up as fast as we possibly can and bring on as much testing as we can. The city opening up testing to everybody is kind of a culmination of that. We're making about 50,000 kits a day right now and we want to make that as widely available as we can. I would like to get a little more sleep. </p><p><em>The interview has been edited for clarity and brevity. </em></p><p><em>Correction: An earlier version of this story stated that Curative's saliva tests have a 10% false positive rate. In actuality, the tests have a 10% false negative rate.</em></p><p><em><em>Do you have a story that needs to be told? My DMs are open on Twitter <a href="https://twitter.com/racheluranga" target="_blank">@racheluranga</a>. You can also <a href="mailto:mailto:rachel@dot.la" target="_self">email me</a>.</em></em></p>From Your Site Articles
- coronavirus - dot.LA ›
- coronavirus-tests - dot.LA ›
- curative-inc - dot.LA ›
- Here's How Curative, Inc, Plans to Roll Out Coronavirus Testing to ... ›
- FDA Approves Curative Inc's COVID-19 Test - dot.LA ›
- How One Startup is Preparing for Coronavirus - dot.LA ›
- COVID-19 Test Kit-Maker Curative Inc.is Struggling to Ramp Up - dot ... ›
- How Curative Inc. Plans to Test the U.S. for Coronavirus - dot.LA ›
- Founders and Investors Do Not Share Wall Street's Optimism - dot.LA ›
- Founders and Investors Do Not Share Wall Street's Optimism - dot.LA ›
- Snap Brings Meditation to the Masses - dot.LA ›
- Snap Brings Meditation to the Masses - dot.LA ›
- Curative Founder Fred Turner on Next Steps For COVID Testing - dot.LA ›
- Curative Inc. Brings COVID-19 Testing Kiosks to Los Angeles - dot.LA ›
- Los Angeles Opens COVID Testing Kiosk at Union Station - dot.LA ›
- Los Angeles Opens COVID Testing Kiosk at Union Station - dot.LA ›
- COVID Testing Kiosks Are Heading to LAX - dot.LA ›
Related Articles Around the Web
Read more
Show less
RELATEDTRENDING
