Category: Portfolio Companies

Hive Lighting’s Rutherford and Miller Receive IPA Tesla Award

Posted on February 25, 2016 by - Portfolio Companies, N-PortfolioCompanies

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Hive Lighting’s Rutherford and Miller Receive IPA Tesla Award

LACI Portfolio Company HIVE Lighting’s co-founders Robert Rutherford and Jon Edward Miller were honored along with Actors, Filmmakers and Technicians gathered for the star-studded 20th annual International Press Academy awards, on Sunday Feb. 21, 2016 at the Intercontinental Hotel in Century City, Calif.

Rutherford and Miller were honored for Hive’s energy efficient, full spectrum, flicker-free plasma lighting systems in the category of Visionary Achievement in Filmmaking Technology for 2015.

“This award is both a gratifying recognition of [Hive Lighting’s] ethos and a challenge for all of us at Hive Lighting to live up to this award’s promise to ‘influence future generations and give rise to further innovation’. We are only just getting started.” said Miller. Rutherford added, “To anyone here working hard on a dream, let this award remind you to keep going, because it may take longer than expected, but as Tesla said, you ‘will prevail in the end and make it a triumphal success.’” Past recipients of the Tesla Award include Director and Inventor James Cameron, George Lucas, Cinematographer Roger Deakins and SteadiCam inventor Garrett Brown.  

The IPA is the largest group of international and domestic entertainment journalists and their annual awards honor the best in film, television and new media. The IPA is the only major awards show comprised of international and domestic entertainment journalists and critics that give awards to film, television, new media and interactive and digital every year. The more than 100 members hail from more than 20 countries.

For a complete list of winners and nominees, as well as photos from the event, go to www.pressacademy.com.

For More on Hive Lighting:

https://hivelighting.com

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Hive Lighting Co-Founders Receive Prestigious IPA Tesla Award

Posted on December 11, 2015 by - Portfolio Companies, N-PortfolioCompanies

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Los Angeles Cleantech Incubator’s Hive Lighting Receives Prestigous International Press Academy Tesla Award

LOS ANGELES (December 11, 2015) – Hive Lighting (Hive), a Los Angeles Cleantech Incubator (LACI) portfolio company, announced that it will receive the International Press Academy’s (IPA) Tesla Award for Visionary Achievement in Filmmaking Technology for 2015. Hive’s co-founders, Robert Rutherford and Jon Edward Miller, will accept the award at the International Press Academy (IPA) Satellite Awards on February 21, 2016 in Los Angeles. IPA is recognizing Hive’s energy efficient, full spectrum, flicker-free plasma lighting systems in the category of Recognition of Visionary Achievement in Filmmaking Technology 2015.

Hive Lighting is the first and only company to bring plasma lighting technology to the entertainment industry. Its plasma lighting is based on the company’s arc lamp technology that closely resembles natural daylight. To date, Hive’s lighting fixtures have been used on numerous movie, television, and commercial sets both domestically and internationally. Most recently, Hive Lighting’s technology lit late night show Jimmy Kimmel Live in Brooklyn, the 2015 New York City Marathon, and Mena, a Tom Cruise movie, which premieres in 2017.

LACI is a non-profit, private-public cleantech business incubator that helps promising cleantech entrepreneurs, like Hive Lighting, achieve market success by accelerating their development through flexible office space, CEO coaching, mentoring and providing access to a network of experts and capital. Hive Lighting is one of 28 promising portfolio companies LACI currently guides from their new home at the La Kretz Innovation Campus, a facility built and owned by the Los Angeles Department of Water and Power in the heart of Los Angeles’s Arts District.

“We are thrilled that Hive Lighting is receiving this prestigious award, as it serves as a testament to the important, innovative work they’ve created while here at LACI,” said LACI President and CEO Fred Walti. “We congratulate Hive on this great achievement.”

“It is an honor to receive the Tesla Award,” said Miller. “We’re proud to be a part of the long tradition of entrepreneurs inspired by Nikola Tesla’s groundbreaking inventions. As a young company we accept this award not only as recognition of what we have accomplished, but also as a challenge to continue to innovate and create superior tools for filmmaking in the future.”

IPA created the Tesla Award in 2001 to honor game changing pioneers who continue to influence the way filmed entertainment evolves. Rutherford and Miller join a prestigious list of recipients, including James Cameron, George Lucas, and special effects master Stan Winston.
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For More on Hive Lighting:

https://hivelighting.com

https://www.hollywoodreporter.com/news/2015-satellite-award-nominees-announced-844739

https://www.pressacademy.com/news/hive-lighting-plasma-wizards-to-receive-tesla-award/
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Pick My Solar Shines
in DoE and Techweek Competitions

Posted on December 10, 2015 by - Portfolio Companies, N-PortfolioCompanies

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Thursday December 10th was a momentous day for LACI Portfolio Company Pick My Solar.

COO Chris Blevins was in Philadelphia, pitching the company’s innovative Solar Book software in the DoE’s SunShot Catalyst Award, while at the same time CEO Max Aram was in Miami competing to win Techweek’s LAUNCH Grand Championship. Both came away winners in a day that netted the company $150K in prizes, capping a year in which Pick My Solar had already taken home the SBA’s Outstanding Small Business of the Year Award, as well as an earlier $50K win in Techweek’s LAUNCH LA competition.

LACI congratulates Pick My Solar on a fantastic 2015 and we can’t wait to see what 2016 has in store for them.
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Pick My Solar Wins at Techweek Launch LA

Posted on November 15, 2015 by - Portfolio Companies, N-PortfolioCompanies, N-News

Congratulations to LACI Portfolio Company Pick My Solar, who won the $50,000 prize as champions of the Techweek Launch LA pitch competition on Friday November 13. Competing against 100 startups all over LA and judged by a panel of prominent venture capitalists, Pick My Solar was also voted People’s Choice award winner on Twitter.

Techweek’s Launch Championship pits top startups from around the country and the world in a competition to crown Techweek’s Launch Grand Champion. Pick My Solar now moves on to Miami in December to compete against winners in Miami, Detroit, Kansas City, Chicago and New York competitions. LACI wishes Max, Chris, and the whole Pick My Solar Team the best as they continue on.

Dave Twomey and Juicer

Posted on September 18, 2015 by - Portfolio Companies, N-PortfolioCompanies

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juicer.pc-fIn the search for authenticity in today’s consumer culture, words like “artisanal”, “one-of-a-kind”, and “custom” get thrown around rather casually, in a longing for a time when mass production and homogeny didn’t define American transportation options.

In a remote garage workshop in the hills of Echo Park overlooking Los Angeles, Dave Twomey combines cultural and artistic inspiration from Southern California’s past with the electric vehicle industry and green movement that are shaping the region’s future to create Juicer Electric Motorbicycles. Hand-built by Dave himself, each bike is a product that combines components of lifestyle, culture, and art in ways that set it far apart from other e-bikes on the market.

Originally from Oakland, California, Dave moved south as a young man to study design at UCLA. Having a deep appreciation for SoCal-born art, Dave cites Robert Williams, George Barris, Big Daddy Roth and Von Dutch as some of his influences. LA being the home of lowbrow art, kustom kulture, and hot-rod culture, these were the forces that shaped the inspiration for what would eventually become Juicer. Looking closer, it’s clear how Juicer pays homage to these artists and movements. “Kids back in the ‘50s would buy the cheapest cars around, leftovers from the ‘20s and ‘30s, and turn them into hot rods, making them special and personal. That’s been going on ever since – Long Beach, East LA, San Diego, and now Hollywood all have this strong car culture. Crazy, imaginative machines come out of Southern California, and I think it’s only appropriate that Juicer be thrown into the mix”. Accordingly, Dave runs Juicer as a custom shop and builds each bike to the buyer’s specifications. For people who share Dave’s love for working with their hands, he builds the Juicer anticipating the prospect of customers “tricking out” the bike with simple hand tools themselves – encouraging a 21st century incarnation of hot rod culture by way of an electric vehicle.

In addition to the cultural influences of Southern California, the Juicer was also inspired by the first motorcycles of the early 20th century. Specifically, Dave references loop frame bikes of the board track era in the 1910s. He points out that for the first time since that day and age, the components of an electric bike are equivalent in power and weight as they were in traditional motorcycles 100 years ago. To him, it’s natural for the Juicer to resemble bikes of that era. While most electric motor vehicles hide their components behind plastic fairings, Dave makes it a point to be honest with the materials, showing them for what they are and arranging them in a visually harmonious way. “Part of the appeal and sexiness of a cruiser bike is that you can see the motor, see the belts and chain spinning, and so far that’s been an unfulfilled niche in two wheeled electric vehicles”. Where motors served as the central focal point of early motorcycles, Juicer applies the principle of form following function to Juicer’s electric battery pack.

Post-JuicerIMG_4986_Photo2The craftsmanship, design, and philosophy behind the Juicer certainly differentiate it from other e-bikes out there. While most of these products are aimed at avid cyclists, Dave’s work aims to appeal to motorheads. “I see the electric bike not as a bicycle-plus, but as its own type of vehicle, one that’s underexplored. Rather than looking for customers who want to pedal around or want a longer range, I’m looking for people who want to ride”. This includes young people in the beach communities who can commute in comfort, ease, and style, and older customers who are moving off their motorcycles but don’t want to totally give up the cruising lifestyle.

Through targeting the latter, Dave feels he can make a larger impact as a green company by widening the net of potential EV customers. Instead of competing with other e-bike companies for the same group of clean-minded consumers, Juicer is a product that “reaches across the aisle”, bringing some of the worst eco-offenders into the clean energy fold, without having to compromise a powerful machine and some of the physical and aesthetic characteristics they’re accustomed to.

Dave is an artist whose work juxtaposes the past with the future, while filling an underrepresented niche in the electric vehicle market. His long-term goal is for Juicer to survive as an idea, and he is looking for partners in the industry to further evolve this new way of thinking about electric cruisers.

“When the EV museum is 50 years old, what will be in the collection of today’s era? I don’t think it’s going to be the plastic scooters or bikes that have disposable battery packs. I’m trying to make something that is repairable, customizable, and serviced by the end user. This seems like an old fashioned idea today, where we throw away our devices as soon as they stop working or the next new thing comes out.”

To that end, Juicer combines a classic aesthetic in form and craftsmanship with modern technology to create something truly authentic, bringing the vitality of Southern California’s cultural and artistic past into the 21st century.

For now, Dave’s days are spent building in his garage, doing what he loves, building on a little-known idea that has the potential to make a big impact – environmentally, culturally, and artistically.

By: Kara Mazareas
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Q & A with Freewire’s Co-Founder and CEO Arcady Sosinov

Posted on August 12, 2015 by - Portfolio Companies, N-PortfolioCompanies

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In your words, what is FreeWire?

FreeWire is innovative, agile, and fast. In just over a year we went from an idea about mobile electric vehicle (EV) charging to production-ready units called Mobis. We talked to our customers, identified their pain points, and created a solution designed specifically to address them. Mobis allow us to perform Charging as a Service, where chargers are brought to the vehicles instead vehicles being brought to the chargers. Blocked stations, range anxiety, and charge rage are all things of the past with FreeWire. Mobis also eliminate the need for expensive, time-consuming infrastructure projects that ultimately result in underutilized assets. FreeWire is the future of EV charging: easy, scalable, and upgradeable.

What was your inspiration for starting FreeWire?

I’ve had a passion for all things automotive since I was a kid, doing my first brake job at 7 and engine swap at 11. I developed a passion for entrepreneurship about the same time. When I entered Steve Blank’s Lean Launchpad class at UC Berkeley’s Haas School of Business, in an age defined by powerhouse software companies, I knew I wanted to start a company that made a physical product. California was in the throes of a burgeoning EV market and issues with insufficient charging infrastructure were starting to crop up. Leveraging my experience with the automotive industry and my co-founder’s engineering expertise seemed like a perfect combination to address these issues.

What did you do before FreeWire?

I spent the last five years in finance doing emerging market analysis and modeling for a large hedge fund based out of Boston. Before that I was a SQL developer for an accounting software company. I’ve consulted, worked on requirements-gathering, and even started a company selling modified exhausts for BMW M3s. I like to cast a wide net.

What are the best and most difficult parts of running a startup company?

The best parts are the good days. When you get great feedback from investors, strong pull from customers, and good publicity. The worst parts are the bad days, when you question whether there’s anyone who actually wants what you’re selling.

What motivates you to keep at it?

FreeWire is my baby. I dedicate more time, money, and effort than I should, it sometimes kicks me in the shins, and yet I love it unconditionally. Even after a streak of bad days, the rush you get after nailing a pitch and making someone else get as excited as you are makes it all worthwhile.

Where are you from originally? What brought you to LA/ California?

I was born in Russia, but I spent most of my life in Boston. After graduating from Boston University and working in the area for a few years I decided to go back to school for my MBA. I was ready for a break from the Boston winters and had a love for California from the first time I visited. Being accepted to Berkeley’s Haas School of Business sealed the deal, and I headed for the west coast.

The company being founded out of Berkeley’s Haas school, could you tell the readers a little about that process?

One of the classes I took at Haas was Lean Launchpad taught by Steve Blank, who is the father of the lean startup methodology. His philosophy is all about customer discovery, that you shouldn’t spend a dollar on product until you’ve talked to your customers. So that’s exactly what we did. We spent three months traveling all around the Bay Area talking to stakeholders, from EV drivers and facilities managers to politicians and utilities. This was crucial to FreeWire’s pivot from wireless charging to mobile charging. We hypothesized that plugging in was a major pain point which needed to be addressed, but our customers helped us realize that it doesn’t help with the real problems: boring into concrete, laying conduit, permitting, and all the other hassles associated with major construction projects.

Why did you apply to be a portfolio company at LACI?

For the network and support. LACI is the premier cleantech incubator in the United States and is an organization that we absolutely wanted to be aligned with.

How has LACI helped your company?

LACI has made introductions to dozens of potential investors and has provided great advice on a number of our key business decisions. They’ve also generated several leads on the business development side to help us penetrate the LA market. We’ve even entered into a business relationship with another LACI portfolio company, Hive Lighting, to distribute our products for the entertainment industry.

What are the best parts of your relationship with LACI?

I have a fantastic relationship with our Executive in Residence; we’ve kept up with our weekly calls since joining LACI, and amazingly each one is still valuable. Another member of LACI invested in our company personally, so there’s never been a moment to question LACI’s commitment to our success.

Tell us about some of the milestones you’ve reached as a company so far

A lot in short amount of time:

• Idea

• Customer Discovery

• Refined Idea

• Prototype

• Angel Round

• Pre-Production Units

• Production Units

What are some of your short and long-term goals for FreeWire?

Short-term: promote EV adoption using our Mobi Charger and reduce reliance on diesel generators using our Mobi Gen. We have commercial-ready products that earn revenue today and be used to fund our long-term goals.

Long-term: create an ecosystem for second-life EV batteries and be the preferred partner for OEMs. We have the creativity to find innovative solutions to the problems people are currently facing plus the business and engineering skills to execute our ideas. The OEMs are sitting on a valuable asset and we can be the ones to help them unlock it.

How do you see your company having an impact on society at large- environmentally, economically, socially or in other ways?

FreeWire’s contributions to the environment are obvious:

• Reducing reliance on fossil fuels through increased EV adoption, facilitated by increased charging capacity.

• Reducing reliance on fossil fuels by replacing diesel generators with battery-based alternatives.

• Stabilizing the grid by pulling energy at off-peak times and delivering it at peak times.

But there are several social components as well:

• Reduce range anxiety (people being worried about driving an EV because they don’t know if it will have enough range to get home) by providing more charging in more locations, including EV rescue charging.

• Reduce charge rage (people unplugging each other, sitting in EV charging spots all day even if they only need to charge for an hour) that stem from limited charging capacity.

We’re working to make EV charging as much of an afterthought as filling a car with gas.

Learn more about FreeWire
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A Future So Bright: 10 questions with Pick My Solar Co-founders Max Aram and Chris Blevins

Posted on July 9, 2015 by - N-PortfolioCompanies, Portfolio Companies

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Since Max and Chris started Pick My Solar in 2013, they’ve taken the company from a two-person operation out of a studio apartment in Northridge to being named 2015’s Small Business of the Year by Mayor Eric Garcetti.

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Read on to learn more about Max, Chris, and Pick My Solar’s story – and the bright future ahead for these LA-based entrepreneurs.

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In your words, what is Pick My Solar?

Max: Pick My Solar is an online marketplace that connects homeowners to solar installers through our online bidding platform. We create competition between installers to get the best deals for our customers. As you might know, the solar industry is suffering from a lot of noise that is preventing people from getting the best information. We want to disrupt this market and help homeowners go solar with confidence. The best part is that we don’t charge our customers anything– our service is completely free.

What inspired you to start the company?

Chris: Directly before starting Pick My Solar, I was working in the solar industry in sales, and I found that solar was getting sold for double, sometimes triple what it should be sold for. Salesmen are trained to manipulate and outright lie to homeowners, resulting in a lot of people getting ripped off. At that point, I realized that something needed to be done.

Max: When I started my Master’s degree in Germany, I was exposed to renewable energy and sustainability in general. I came to the US and I realized that the solar market here was very fragmented and totally different from Germany. I knew there was great potential for solar technology to shape the future of our energy model. When I met Chris, we hit it off from the first moment and I realized that he was the partner I needed to start the company I was envisioning.

Where are you from originally? What brought you to LA?

Chris: I’m from Long Island, New York. I went to school in upstate New York, got a mechanical engineering degree, and after that I moved to New Zealand. That’s where I first started to become more of an environmentalist, getting in touch with taking care of the planet because that’s so ingrained in New Zealand’s culture. When I came back, I got a civil engineering job and started a few businesses that were online customer connection services. I flew out to California in 2013 with the hopes of eventually starting a business, but didn’t have a set plan. I crashed on my buddy’s couch for a week, got a job working in solar, and met Max not too far after that.

Max: I left Iran in 2009, 10 days after the fraudulent presidential election. There was chaos and I got into some problems being a student activist. I went to Germany to get my Master’s in global production engineering with a focus on solar. After a few semesters, I had the opportunity to come to the US and I think I made a really great choice. I don’t think an immigrant has the opportunities available here in the states anywhere else in the world. I came here August 2010, landed in Burbank, took a bus to Northridge, and continued my Master’s at CSUN.

How did the two of you meet?

Chris: We met at a solar training course – where solar companies train salesmen, teaching them different tactics before they’re sent into the field. I was there as part of my job, Max was there researching how solar is marketed and sold. Three months later he invites me over to his apartment, tells me the idea he had for a business and we stay up all night talking about it. I didn’t sleep at my house for a week, I kept crashing at his place so eventually I just moved into his apartment.

Max: At the time, we both had full time jobs and said, “ok, this idea is going to be the solution this industry needs. We’re going to disrupt the solar market”. We quit our jobs to dedicate our lives to building Pick My Solar. I had a 600 square foot studio apartment in Northridge, we used boards from IKEA to divide work space from living space. We worked out of there for about 10 months until we joined LACI.

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Why did you apply to be a portfolio company at LACI?

Max: Before joining LACI, there were two of us. We were two young kids with a great idea. When we joined LACI we started gaining more attention and respect from the industry and partners. The introductions that LACI has made for us have directly contributed to many of our achievements as a company.

How has LACI helped your company?

Chris: The mentorship is fantastic. We don’t have the experience of growing a company, but our mentors at LACI have been there and done that. Every single question we had – from how to write a proper business email to which strategic direction was best for the company – they had a meaningful answer.

Running a startup company can be a challenging experience. What motivates you to keep at it?

Chris: Our concern for the environment definitely plays a key role. Additionally, I was disgusted with the way the solar industry was bullying homeowners and trying to rip them off. Time and again I saw well-intentioned homeowners throw up their hands in frustration and give up on going solar. It was messed up that salespeople were destroying this new technology’s image by selling it the wrong way. We wanted to change that.

Max: Personally, since my childhood, I’ve loved to build things. My brain works in a way that when I face a problem, I can’t get over it. Either there’s a solution out there that I have to find, or else I have to create one. The solar industry had a problem. Making the impact on the environment and on people’s finances is something that motivates me every day. Every time we receive an email or on a phone call from a happy customer that appreciates our service, that keeps us going.

How do you like doing business in the Los Angeles area?

Max: As an immigrant, the reason I chose LA is because of the diversity – people are very open-minded. That doesn’t just apply to how people interact with each other, but also to their willingness to accept new ideas. It was easier for us to offer such a different solution and have people embrace it. That’s a great part of this culture in LA – we are blessed to start a company here.

Chris: I think it’s great that a lot of people aren’t from here. Everybody has the same attitude – we all came to LA for a reason, to experience something new – and that really builds off of what we’re trying to create. Our solution resonates well with Angelenos. Of course, the weather is great and electricity rates are extremely high – which makes even more sense for solar.

Tell us about some of the milestones you’ve reached as a company so far

Max: At the end of Q4 2014, we closed over a million dollars in generated sales. We’ve also provided over 15,000 Californians with solar pricing data from our no-obligation online solar price calculator. These were major milestones because they validated our concept and proved that the price of solar on our platform is lower than the market leaders. We were also named 2015 Outstanding Small Business by Mayor Garcetti, which was a big deal for us, showing that the City of LA values our contribution in helping to make it a world leader in the Green movement.

Chris: We recently won a grant from the Department of Energy to develop a first-of- its-kind app called PVimpact. PVimpact will be a universal tool for all solar homes to connect to the information grid. The technology aggregates three pieces of data: the homeowner’s electricity use, solar system production, and contractual details of the solar system. PVimpact will provide homeowners with their system’s true savings in a completely software solution, while providing utility companies assistance in demand side management. The app will be rolled out to all Pick My Solar customers this summer, then expanding to the rest of the U.S. residential solar market in the fall.

What are some of your goals for the company?

Chris: Solar is such a cutting edge technology, but it is predominantly sold the way aluminum siding was sold in the 1960’s – door to door. We are firmly convinced that solar deserves to be sold with the leading technological resource of our era – the internet. We really want to change the way that solar is sold, and the way homeowners think about going solar.

Max: Our long-term goal is to become one of the biggest solar companies in the nation without a single boot on the ground. We don’t need installation crews like these vertically integrated companies. What we’re doing is creating an online market place – a bidding platform that brings homeowners together with the best local installers. We have all seen this model work across numerous business segments, and we know it will become the norm for the solar market.

Learn more at www.pickmysolar.com
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Second Chances, A Third Way

Posted on June 11, 2015 by - Portfolio Companies, N-PortfolioCompanies

KabiraforWEb

When Kabira Stokes drove cross-country from Philadelphia at age 22, like many East Coast transplants she was fascinated by the idea of Los Angeles. In contrast to New York, LA – in Kabira’s mind – was “a story still being written.” Fast-forward to 2015 and a career in public service, a master’s degree, and a successful startup business later, Kabira and her company Isidore Electronics Recycling are contributing to the LA story – for the better.

Isidore logo

A full service electronics recycling and repair company in addition to being a vintage electronics supplier, Isidore  recycles electronics in an environmentally responsible way while providing training and jobs for Angelenos facing  barriers to employment. Formerly incarcerated and homeless job seekers can find a place there. While many organizations that serve these segments of the population are non-profit, Isidore is a for-profit company, which, as Kabira explained, demonstrates a “third way” of doing business:

 

We’re here to make money, but equally, we’re here to make a social and environmental impact.

Kabira’s inspiration for the company came during her days working as a field deputy for then-Los Angeles City Councilmember Eric Garcetti. Dealing directly with constituents facing issues with gangs and crime in their neighborhoods, Kabira saw what she called “the demonization” of people who have been to prison and the difficulties they faced trying to build a new life after serving their time. “These people paid their debt to society and were ready to work again, but because of a lack of opportunity they’d often end up committing crimes again, perpetuating an all-too-common cycle,” explained Kabira.

Witnessing firsthand one of the root causes of the prison recidivism rate, Kabira was determined to get a Masters in Public Policy to equip herself with the knowledge to begin to provide a solution. While studying the California penal system and workforce development, her mentor Van Jones posed a pivotal question: “Do you want to create the policy to create jobs? Or just create jobs?” That was when the idea for Isidore Electronics Recycling was born.

Since Isidore’s establishment, Kabira co-founded “Impact Recyclers”, a national network of 7 socially responsible e-waste companies built on the triple bottom line model. Kabira had a larger goal in co-creating the network: to redefine the recycling of e-waste as an American industry. Hundreds of thousands of tons of e-waste are shipped overseas and often times aren’t processed in environmentally responsible ways. Impact Recyclers works to keep those jobs in the U.S., providing employment for the segments of our population that have the most difficulty finding work, and minimizing the impact of e-waste on the global environment.

Kabira applied to be a portfolio company at LACI at her company’s most difficult time. The warehouse that she was operating out of burned down, as did most of her business. Two months later, her co-founder quit. After losing almost everything, “I needed a team, and LACI became my team. We met weekly to get the business back up and running. I wouldn’t be here without them.” In addition to helping the company in the aftermath of the warehouse fire, Kabira credits LACI with providing instrumental help with Isidore’s financial modeling, projections, finding resources for the company, and providing ongoing mentorship and guidance.

Starting and running a successful company, especially as a woman in a male dominated industry, isn’t the easiest endeavor. When Kabira was asked what keeps her going during difficult times her answer was simple and immediate: her workers. “It means a lot to have created an environment where people aren’t judged by the worst thing they ever did, they’re judged by how they did at work that day. The power of giving people a second chance, the way they respond to being giving that chance is just amazing. For a lot of my workers, this is the first real job they’ve ever had.”

Kabira’s short-term goals for Isidore Electronics Recycling are focused on raising capital so she can to hire more workers and provide her current ones with better wages. Long term, she hopes that her model can be replicated and expanded beyond Los Angeles. Kabira and her company demonstrate the positive impact that entrepreneurship can have on the environment, an industry, and in the lives of the people employed through her mission. The triple bottom line of “people, profit, and planet” continues to motivate Kabira as her business grows – and inspire those who are a part of it.

www.isidorerecycling.com

Pick My Solar wins SBA’s “Outstanding Small Business” award for 2015

Posted on May 8, 2015 by - N-News, Blog, Press Coverage, Portfolio Companies

PickMySolarpic1

LACI Portfolio Company Pick My Solar was named this year’s “Outstanding Small Business” on May 4th at Los Angeles City Hall. Presented by Mayor Garcetti as part of LA Small Business Week, the recognition comes from the U.S. Small Business Administration‘s Small Business Development Center.

Pick My Solar was founded in 2013 and joined LACI that same year. With backgrounds in engineering, Co-Founders Max Aram and Chris Blevins have always felt passionate about solar power, both from scientific and environmental perspectives. When they entered the solar industry after college, they realized that a major obstacle to broad-based industry growth was confusion on the part of consumers over the purchasing, bidding, and financing of solar power. Max and Chris then created Pick My Solar, which serves as an online marketplace, to simplify the process, drive down costs, and provide transparency for homeowners.

Since it’s founding just two years ago, Pick My Solar has assisted over 10,000 homeowners with solar pricing, data, and installation.

This award from Mayor Garcetti and the Small Business Administration adds to an exciting list of recognitions the company has received this year, including winning a U.S. Department of Energy grant for app development and being highlighted on KTLA’s “Money Smart” segment.

LACI’s President & CEO Fred Walti commented on the award, saying

Pick My Solar is a great example of a company harnessing the innovative, entrepreneurial spirit here in the LA region. Not only are they making a positive environmental impact through the services they offer, they’re saving homeowners money and contributing to the increase in home solar installations, which helps created jobs in LA’s green economy. Here at LACI, we’re proud to have Pick My Solar as one of our Portfolio Companies and know they will continue to succeed as they expand throughout the Southern California market.

To learn more about Pick My Solar and how they can help you go solar in a simple, affordable way, visit their website.

If you’re interested in putting LACI’s tools and networks to work for you and your business, apply to be a Portfolio Company here.

Pick My Solar wins US DOE grant for app development

Posted on February 16, 2015 by - Portfolio Companies, N-PortfolioCompanies

pvimpact

App will be the first to deliver real-time solar data to consumers

LACI Portfolio Company Pick My Solar was awarded federal funding to develop PVimpact, a tool that aims to make it easy for all solar homes to connect to the information grid. The app is being designed to benefit homeowners, solar installers, manufacturers, and utilities by analyzing homeowners’ energy use in real time.

Keep an eye out for it this summer (free to all Pick My Solar customers), then available to the rest of the U.S. residential solar market in early fall.