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LA Seed Investment is Down, But Better Than Expected

"I was surprised, like many others, that the funding environment has been as resilient as it has been."

L.A. ecommerce and SaaS startups were the winners in this quarter's seed funding report. Senior finance reporter Ben Bergman runs down the numbers and why experts are surprised they're not worse.

Uber and Lyft are reportedly considering a franchise model in California, after the state forced them to classify drivers as employees.

Tesla's Elon Musk is now the fourth richest person in the world.

SpaceX successfully launches another batch of Starlink satellites, and sets a record for rocket reuse. Meanwhile, the company is reportedly working on plans to turn its Texas launch site into a resort.

Oracle is reportedly looking into buying TikTok.

NBCUniversal's vice chairman is out after disclosing an affair with another person at the company.

Actor Ryan Reynolds sells his Aviation Gin brand for a whopping $610 million.

Seed Investment Has Fallen in LA, But It Could Have Been Worse

L.A. startups raised a total of $71 million in seed funding, a 26% decline from the first quarter of the year, according to a report released Tuesday by Amplify.LA. Read more >>

Will WiFi Lapses Ruin LAUSD's Remote Back-to-School Plans?

LAUSD schools are open for remote learning, but the district still doesn't know how many students lack WiFi access. Read more >>

Electric Carmaker Canoo Set to Go Public

Electric-car startup Canoo will go public in a deal that values the company at $2.4 billion, with plans to produce and launch its first commercial vehicle by 2022. Read more >>

Xos Trucks Gets $20M to Produce Electric Delivery Vehicles

Xos Trucks, the electric truck maker whose delivery vehicles are already being used by UPS in L.A., announced Tuesday it has raised $20 million to ramp up production as California tightens emissions control on big rigs and delivery vans. Read more >>

SpaceX Raises Its Biggest Round Yet, $1.9 Billion

This round marks the largest to date for the rocket-ship maker, and hints at Musk's broader ambitions. Read more >>

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