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Moviepilot Goes Native, Bets On LA, US Market

socalTECH

The sale netted the company $20M, which it will use to fund its U.S. Moviepilot set up shop in LA in 2012 , due to the entertainment industry''s base here. The move puts the company''s focused squarely on its Los Angeles operations. Moviepilot is venture backed by T-Venture, Grazia Equity, IBB Beteiligungsgesellschaft, and angels.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

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AutoGenomics Files For IPO

socalTECH

Vista-based AutoGenomics has filed for an IPO, saying that it is looking to raise up to $65M in a public offering on the NASDAQ Global Market. AutoGenomics said it had net income of $459,000 on net revenues of $8.69M for the first six months of 2012. The firm's IPO is being underwritten by Leerink Swann, Stephens Inc.,

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THQ Seeks Buyer As Sales Slip

socalTECH

THQ said it has hired an investment banker to help it consider "strategic alternatives", in hopes of raising additional capital to bring a number of titles to market. The announcement came as the firm announced net sales of $107.4M The firm also reported a net loss of $21.0M. in revenues.

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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

The speaks to the continued confidence in the venture capital markets and as I had predicted some time ago the VC markets right now are a great place to invest – especially relative to other places to put one’s money. Our last fund we raised was in 2012 and we began investing it in April of 2012.

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10 Ways for Startups to Expand Their Reach in 2012

Startup Professionals Musings

I’ve netted out his and others to create the following basic strategy for entrepreneurial growth: Apply your core competency to related markets. Look for competitors that have the same capabilities as you in a different market area, or for different customers. License your product to a partner or alliance.

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Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

If you want the full SlideShare deck with many slides not in either post it’s in this link –> The LA Tech Market. Has it begun to mature or is it just better marketed than in was say 5 years ago? Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly.