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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

socalTECH

billion in IT exits in 2011, the highest since 2000, for Southern California IT firms. 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

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Internet Brands Brisco: Deal Will Allow More Focus On Long Term Growth

socalTECH

Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets. READ MORE>>.

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LowerMyBills' Coffin Joins Venture Firm

socalTECH

Matt Coffin , the founder of Los Angeles-based LowerMyBills and an active angel investor in Southern California, has joined venture capital firm Split Rock Partners as a Venture Advisor, the venture firm said this week. Split Rock was an investor in LowerMyBills, which Coffin sold to Experian in 2005 for $380M.

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Ten Tech Entrepreneurs Who Are Putting LA on the Map

SoCal Delicious

Richard Rosenblatt – Demand Media. A SoCal native and graduate of both UCLA and USC, Richard Rosenblatt led the growth of MySpace from an unknown to a household name. Most recently, Rosenblatt cofounded Demand Media, launching in 2006 with $120 million in equity and the acquisition of eHow.com. 1 on this list.

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Guide to the LA Startup Community

SoCal Delicious

Southern California companies are second to only Silicon Valley in raising venture capital , there are three major universities to recruit talent – UCLA, Caltech, and USC – and a thriving startup community to mingle with. It was acquired by Experian in 2005 for $330M. It also was acquired by Experian in 2005.

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How brain-amputated developers created the social media plague

SoCal Delicious

Shortcut: sebastian-x.com Blog About Blogroll Links How brain-amputated developers created the social media plague Posted on 12 January, 2010 The bot playground commonly refered to as “social media&# is responsible for shitloads of absurd cretinism.

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Why You Should Start a Company in. Los Angeles

SoCal Delicious

The city has, however, quietly been home to some of the most successful online companies to date, including CitySearch (sold to Ticketmaster for $260 million in 1998), Overture (acquired by Yahoo for $2 billion in 2003), eHarmony and LowerMyBills (bought by Experian for $330 million in 2005). is equally convenient as in Silicon Valley.