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Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

Fast forward to my second company.  I founded it in 2005 at the age of 37.  I had just moved back to the US from living in Europe for 11 years.  We had never purchased a house in Europe because we always knew we’d move home at some point. Only then are you truly aligned. Not FU money, but “feed the family&# money.

SoCal VC's Scarce On Top VC List

socalTECH

This week's release of a list of their "Top 100" venture capitalists by AlwaysOn -- based roughly on number and dollar amount of successful M&A and IPO deals between October 1, 2005 to September 30, 2009--seems to have skipped local Southern California venture capitalists, with only one Southern California VCs listed.

Social Networking and Business Value

SoCal CTO

Just a quick note that I'll be moderating a Technology Council Event : Social Networking as a Business Strategy May 19, 2009 - Culver City Social networking media are used on a daily basis to grow businesses and expand career opportunities. Corporations increasingly see social media as a key PR, communications and marketing medium. and Ph.D.

SoCal Venture Totals Slip, But IT Shines

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billion in 554 deals, invested -- the lowest quarter since 2005. Tags: california jones 2009 venturesource southern venture capital investment Southern California's venture capital numbers for Q4 slipped, as did numbers nationally, according to numbers released over the weekend by Dow Jones VentureSource. invested. billion in deals.

Retro: My Favorite Blog Post on Raising VC

Both Sides of the Table

On December 2nd, 2006 I wrote the blog post published later in this post when I was CEO of startup Koral about my experiences in pitching VCs.  But we also had some negative experiences, too.  Another called Parker Harris, the co-founder and CTO.  In case VC’s haven’t figured this out yet, shit rolls downhill.  And covered we did. 

ACG Los Angeles Business Conference

SoCal Tech Calendar

Wednesday, September 16, 2009 -- ACG Los Angeles Business Conference. Keynote speakers will include Paul Volcker, Chairman of President Obama's Economic Recovery Advisory Board and former Chairman of the Federal Reserve System, and Condoleezza Rice, Secretary of State from 2005 to 2009. See [link].

ACG Los Angeles Business Conference

SoCal Tech Calendar

Tuesday, September 15, 2009 -- ACG Los Angeles Business Conference. Keynote speakers will include Paul Volcker, Chairman of President Obama's Economic Recovery Advisory Board and former Chairman of the Federal Reserve System, and Condoleezza Rice, Secretary of State from 2005 to 2009. See [link].

Bid4Spots Claims Revenue Gains

socalTECH

Bid4Spots is headed by Dave Newmark, who launched the firm in 2005. Actual financials and revenue were not disclosed. READ MORE>>.

Spectrum Pharmaceuticals Buys Remaining Rights To Compound

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Spectrum had acquired a worldwide license to the compound in 2005. Irvine-based Spectrum Pharmaceuticals has acquired the remaining rights to RenaZorb, the firm's nanotechnology compound being used for treating hyperphosphatemia in patients with chronic kidney disease.

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Inside The Industry With Amir Rahimi: EA, Steven Spielberg, Boom Blox, and More

Tech Zulu Event

One of the first games Spielberg and Rahimi worked on was Boom Blox.

X PRIZE Foundation Looks To Attract Major Auto Firms

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per year since 2005. or E.U. READ MORE>>.

DivX Loses Board Member

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Murdock is a managing director at Insight Venture Partners, and joined the firm's board of directors in 2005. San Diego-based DivX said late Friday that board member Jerry Murdock has resigned. Murdock will leave the company's board effective December 31st. Murdock joined the DivX board as part of a financing round, prior to the firm's IPO.

ViaSat Names President At WildBlue

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Moore was a co-founder of WildBlue, and was President and CEO of the firm until 2005. Carlsbad-based ViaSat announced this morning that it has named Tom Moore as President of its new WildBlue subsidiary. ViaSat completed its $568M acquisition of WildBlue, a provider of satellite and wireless communications systems, on December 15th.

Ostendo Raising Funds to Advance Virtual Reality Display Technology

Xconomy

Ostendo Technologies, a Carlsbad, CA-based company founded in 2005 to advance curved screens and other innovative display technologies, has raised $41.8 million of a new financing round intended to bring in $62.8 million, according to a recent regulatory filing. It’s unclear, though, if the $41.8 Reprints | Share: UNDERWRITERS AND PARTNERS.

Bestcovery.com Rolls Out Web Widget

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Pourzanjani was CEO of Pricegrabber.com until its $485M purchase by Experian in 2005. Santa Monica-based Bestcovery.com , an online expert review and ranking site headed by former Pricegrabber.com co-founder and CEO, Kamran Pourzanjani, said today that it has rolled out a new widget which will allow web publishers to display its content.

SpaceX Boosts EELV Efforts

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SpaceX had been cut out of the EELV program in 2005, when the United Launch Alliance--a joint effort of Boeing and Lockheed Martin--won the EELV program. That win resulted in an anti-trust lawsuit from SpaceX in 2005, alleging Boeing and Lockheed Martin had prevented the firm from entering the government launch market. READ MORE>>.

Morph Labs Takes On Private Clouds

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Damarillo founded GlueCode Software, which he sold to IBM in 2005. Los Angeles-based Morph Labs , the latest startup of Gluecode Software founder Winston Damarillo, has launched a new product focused on private cloud management, the firm announced today. READ MORE>>.

ISWest Gets Court Win

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According to court filings, ISWest had filed a trademark infringement claim against Milon-Digiorgio Enterprises in 2005, alleging that the firm's use of the name ISPWest was confusing to consumers. Agoura Hills-based ISWest , a provider of server colocation and Internet hosting services, has had a trademark infringement claim upheld by a U.S.

Qualcomm Names Paul Jacobs As Chairman

socalTECH

Paul Jacobs was appointed CEO of Qualcomm in 2005, succeeding his father, and has been at the company since 1990. San Diego-based Qualcomm said Tuesday that it has named Paul E. Jacobs, the firm's CEO, as chairman of the board. Jacobs replaces his father, Qualcomm co-founder and former CEO, Irwin Jacobs. READ MORE>>.

TechZulu Partners with meebo!

Tech Zulu Event

TechZulu is proud to announce that we are partnering with meebo! This partnership will bring you the great and wonderful meebo bar. Are you interested? 

Materia, BASF In Technology Licensing Deal

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Grubbs was the recipient of the Nobel Prize for the technology in 2005. Pasadena-based Materia , the advanced chemical technology firm spun out of Caltech, said Tuesday that it has licensed its metathesis technology to specialty chemical firm BASF. Financial terms of the license were not disclosed. Materia is headed by Michael Giardello.

RealD Upgrades El Capitan

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The El Capitan has been using the firm's 3D technology since 2005, and according to RealD is the highest attended RealD 3D theatre in the world. Los Angeles-based RealD , which develops 3D movie projection hardware, disclosed this morning that it has installed an upgraded cinema systems at the El Capitan. READ MORE>>.

ReachLocal Hits $147M In Revenues

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500 listing was that Woodland Hills-based ReachLocal , a venture backed provider of local online marketing services, hit $147M in revenues in 2008, up significantly from $4.4M in revenues of 2005. One of the revelations in yesterday's Inc. The revelation is the first public disclosure how much the firm's business has grown recently.

Done Right Acquired By N.C. Firm

socalTECH

Done Right--formerly known as PerformLocal--was founded in 2005, and has received venture funding from August Capital, Glynn Capital Management, and MDV Mohr, Davidow Ventures. Pasadena-based Done Right , a provider of an online, pay-per-performance directory of home improvement professionals, has been acquired by a North Carolina firm.

Smith Micro Gains Patent

socalTECH

The patent was granted on March 10th, and was originally filed by the firm in January of 2005. Aliso Viejo-based Smith Micro Software , reported Thursday that the firm has gained a new patent covering its compression technology. According to Smith Micro, it received U.S. Patent No. Lovato is the firm's Vice President of Advanced Technology.

Interview with Brian Garrett, Crosscut Ventures

socalTECH

In about 2005, I started looking at the local market, and realized that there are not lots of enterprise IT companies here, which is Palomar's focus.

Venture Firm: We Missed That Networks In Motion Deal

socalTECH

According to OVP's site, it was approached in 2005 by the CFO of a former portfolio company, who had made money for the firm twice before, begging the firm to invest. OVP Venture Partners , a venture firm in Oregon and Washington, is highlighting its latest "missed deal" in Aliso Viejo-based Networks In Motion. READ MORE>>.

Pluggedin Media Looks For Buyer

socalTECH

O'Brien is one of the co-founders of Xdrive, which was sold to AOL in 2005. Los Angeles-based Pluggedin Media , which operates a web site focused on streaming of high quality, music videos in HD and broadcast quality, is looking for a buyer. O'Brien said, in explaining the move. READ MORE>>.

Pluggedin Media Looks For Buyer

socalTECH

O'Brien is one of the co-founders of Xdrive, which was sold to AOL in 2005. Los Angeles-based Pluggedin Media , which operates a web site focused on streaming of high quality, music videos in HD and broadcast quality, is looking for a buyer. O'Brien said, in explaining the move. READ MORE>>.

Phonevite Lands In LA

socalTECH

Both Nahm and Kim were at voice-over-IP firm Dialpad, which was acquired by Yahoo in 2005. Phonevite , a startup which operates a service that allows groups such as schools and clubs to make mass phone calls to many people at once, has quietly relocated to Los Angeles from Silicon Valley, according to the firm's CEO and co-founder, John Nahm.

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Oversee's SnapNames Hit By Domain Bid Scandal

socalTECH

According to SnapNames, it discovered the shill bidding by that employee in October, finding that the bids had gone on since March of 2005--well before Oversee.net bought SnapNames, in June of 2007. Industry publications are reporting that the former employee is now facing criminal charges for the shill bidding scheme. READ MORE>>.

Stamps.com Completes Market Test

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The firm said it shipped more than 70 million PhotoStamps to customers since 2005. Los Angeles-based Stamps.com , which provides online postage and personalized postage, announced this morning that the firm has successfully completed its market test of PhotoStamps. Postal Service since 2004. postage. READ MORE>>.

Interview with Jose daVeiga, KlickSports

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Kent also went off to other things, but in 2005 we got awarded that patent. What's the idea behind Klicksports? in architectural technology.

United Sample Raises $3M

socalTECH

United Sample is the latest business effort of goZing.com founders Matthew Dusig and Gregg Lavin; Dusig and Lavin successfully started and sold goZing to Greenfield Online in 2005. The round was led by Greycroft Partners, and also included prior investor DFJ Frontier. READ MORE>>.

Report Tallies $7.7 Billion In SoCal IT Exits In 2011

socalTECH

Both years were well above 2009, which had a low of only $475M in exits. The report also tallied six companies having IPOs, the most since 2005; those firms included RealD, Cornerstone OnDemand, Demand Media, ReachLocal and Inphi Corp. A new report released today tallies up $7.7 billion in liquidity was generated in the sector.

Interview with Jonno Wells, Surfline

socalTECH

in 2004, we purchased Buoyweather.com, moved it into our setup, weather department, and marketing department, and in 2005, we added much more multimedia news and entertainment to Surfline. As part of our interview with local companies and executives, we always like to talk with interesting local companies. We get 1.5 Thanks!

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Interview: Venture Capitalists On Pitching

socalTECH

We're really excited about 2009. We are not looking to fund people in 2009, who are learning a new market, on our nickel. Between 2005 and 2008, there were lots of companies raising half a million, and selling for 15 million. Hi guys, thanks for getting together. It's in the DNA of entrepreneurs. Let's switch gears a bit.

Interview with John Nahm, PhoneVite

socalTECH

Dialpad was acquired by Yahoo in 2005, and became the voice engine for Yahoo's VoIP services. Recently, we spoke with John Nahm, the CEO and co-founder of Phonevite (www.phonevite.com), a new startup in town which recently relocated from Silicon Valley. Explain what Phonevite is? How much does this cost, and how does the business work?

Interview with Adam Lieber, Webtide

socalTECH

One of the big, open source successes in both Southern California and the software world was Gluecode Software , which was based in Los Angeles and acquired by IBM in 2005. One of the firm's co-founders, Adam Lieber , is now the founder and CEO of Webtide (www.webtide.com), which is also based here. It's extremely widely used. So far so good.

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Interview with Peter Lee, Baroda Ventures

socalTECH

He was basically active investing until 2004 and 2005, and then started getting much more involved in the non-profit space. We caught up with Peter earlier this week to get the background on Baroda, and to talk a little about the firm's investment goals. He made a lot of money from those deals, so in 1999 he set up Baroda Ventures. Thanks!