Join us at 11 a.m. Thursday, July 23rd for our next edition of "Female Founders Stories: to Live and Work in L.A." We'll talk with Tea Drops co-founder and CEO Sashee Chandran along with Skylar CEO Cat Chen.

Join dot.LA chief cost and correspondent Kelly O'Grady as we talk with women leaders and entrepreneurs here in the L.A. startup community. We will be exploring how they got started, triumphed over challenges, as well as their favorite success stories and what they love most about living and working in L.A.

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Here are the latest updates on news affecting Los Angeles' startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for more.

Today:

  • Anaheim's 'Star Wars' Celebration is Canceled
  • L.A. Congressman Looks to Limit Police Use of Facial Recognition Technology
  • L.A. Seed Rounds Are Getting Bigger
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Los Angeles in general — and the San Fernando Valley specifically — are not exactly known for being hotbeds of enterprise software competition, but two of the world's leading providers of a niche type of accounting software are duking it out for market share and the competition is escalating during the coronavirus pandemic.

One is a startup that has raised $90 million in venture funding and the other is a publicly traded corporation with a market capitalization of $3.4 billion. Their headquarters are about five miles apart, the incumbent in Woodland Hills and the startup in Sherman Oaks.

"This is nuts to me," said Mike Whitmire, co-founder and CEO of FloQast. "It's the weirdest battle that you would never expect L.A. to have, with just the 405 between us."

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