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ScoreBig.com links up with Southwest
ScoreBig.com announced a partnership with Southwest Airlines, allowing members of the airline's frequent flyer program to earn points whenever they purchase tickets through the website. The LA-based company discounts tickets to all major entertainment and sporting events. [ScoreBig.com Ties Into Southwest Airlins Rapid Rewards: SoCal Tech]
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Tape rolls out new video sharing app
Tape launched out of North Hollywood this week with a whole new way to edit and share videos. Users can combine up to eight videos with custom effects and music before sharing with friends on Facebook or Twitter. The app also lets you request videos from your friend, making Tape a collaborative experience. [New app takes on Hollywood 80 seconds at a time: Built In]
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Mucker Capital eyes third VC
Santa Monica-based Mucker Capital has announced new fundraising efforts for the group's third venture capital fund, Mucker III, L.P. The seed stage investment fund led by Erik Rannala and William Hsu will reportedly seek $50 million in the new fund. [Mucker Capital Starts Fundraising On New Fund, Mucker III: SoCalTech]
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Karma creates online peace of mind
A new LA-based social verification system, Karma, launched in beta this week. The website links up to other websites like Facebook, Airbnb, and Craigslist to generate a combined Karma Score for users. [A solution to sketchy online encounters, Karma launches beta: Built In]
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Zealot buys Hutch Media
The Venice-based digital studio, Zealot Networks, made news again this week with yet another acquisition, purchasing Hutch Media for an undisclosed amount of cash and equity. The small LA company, Hutch, specializes in targeted content such as RumorFix, HGDIY, and BestMomsTV. [Zealot Buys Small Publisher, Hints at Future: LA Business Journal]
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AssetAvenue names CIO
AssetAvenue, the LA-based commercial real estate loan marketplace, named Varun Pathria as the company's new Chief Investment Officer. He has spent his past 11 years at Colony where he closed on transactions valued in excess of $20 billion. [AssetAvenue Names Chief Investment Officer: SoCal Tech]
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LegalZoom grabs $171M
Glendale-based LegalZoom has acquired a $171 million line of credit, according to sources. LegalZoom is a provider of quality online legal solutions for families and small businesses. Fifth Street Asset Manager was listed as the investor.
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