Visionary Ventures, which was co-founded by the Octane accelerator a decade ago, is aiming to raise $250 million for its third fund. The Newport Beach-based firm previously raised $30 million for its first fund and about $150 million for its second fund. “Nobody’s ever built a venture fund like this Read More
RxSight Inc., an Aliso Viejo maker of implantable eye lenses, fell as much as 32% in after-hours trading after revising downward its annual forecast. The company forecast 2025 sales of $120 million to $130 million, below the prior guidance for $160 million to $175 million; analysts expected $167.6 million. It Read More
A large clock tower looms about 40 feet above the intersection of Bolsa Avenue and Brookhurst Street in an area known as Little Saigon. While it may look innocuous, many Vietnamese refugees will know exactly what it is – a replica of Saigon’s Bến Thành Market tower. The clock is Read More
Compass Diversified added two more years – 2022 and 2023 – as financial statements that weren’t reliable in addition to its previously disclosed 2024 because of alleged fraud at its portfolio company, Newport Beach-based Lugano Holding. Compass said it is focused on completing the investigation into Lugano, whose founder and Read More
Orange County’s unemployment rate fell to 3.6% in May from a revised 3.7% in March and above the 3.3% in May last year, according to the state’s Employment Development Department. The state’s unemployment rate was 4.9% while the U.S.’s was 4.0%. Nonfarm OC employment increased by 5,700 jobs from April Read More
Frank Martell, who headed two major Irvine-based publicly traded companies, was announced as the new chief executive and president of SmartRent Inc., a Scottsdale, Arizona-based software provider for the rental housing industry. Martell resigned earlier this month as CEO of LoanDepot Inc., one of the nation’s largest providers of mortgages. Read More
Sandra Beard is resigning as chief financial officer of Newport Beach-based Evolus Inc., a maker of beauty products, effective June 13. Beard is taking the same position at an unidentified private mental health and wellness technology company, Evolus said in a statement. The company said the resignation isn’t the result Read More
Shannon Eusey has had to convince investors to let her manage millions of dollars of their money at Beacon Pointe Advisors, the firm she co-founded with her father. On top of that, she’s employed a roll-up strategy to make dozens of acquisitions around the nation where she had to persuade Read More
Investors became so excited about the potential of Glaukos Corp. that from late 2023 until early February, they had more than doubled the price of each share to more than $160 and an $8.8 billion market cap. “All the analyst reports were super bullish,” recalled Glaukos CFO Alex Thurman. “At Read More
As a youngster, Michael Arens would go on family vacations in Florida, where he saw the “red tides” and fish kills that would close local beaches, causing disappointment because the native of St. Louis wanted to swim in the ocean. During a high school speech class, he heard a classmate Read More
