Caitlin Cook

The way tech veteran and entrepreneur Rob Loughan explains it, he isn't in it for the money. Loughan, best known for founding Octane Software, which sold for $3.2 billion in 2001, wants to change how investors assess their personal and professional networks, despite critics' concerns.

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It is a frustrating but not uncommon issue in the workplace: an employee approaches a task, but they are unsure of how to complete it. Maybe they're a new hire who hasn't been shown how, or they haven't done the task in a while.

The problem's bigger than you might think. Workers spend nearly 20% of their work week seeking help in performing specific tasks, according to a report from McKinsey Global Institute. That's a huge concern for workplace productivity.

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RepairSmith, an El Segundo-based at-home car repair service, has been steadily rising in popularity since its launch in 2019, with over 100,000 completed appointments.

And on Thursday, the company announced a $42 million Series B raise that will rev up and expand with the goal of operating in every major metropolitan area in the U.S. by next year.

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