article thumbnail

Report Tallies $7.7 Billion In SoCal IT Exits In 2011

socalTECH

The report also tallied six companies having IPOs, the most since 2005; those firms included RealD, Cornerstone OnDemand, Demand Media, ReachLocal and Inphi Corp. Among other major 2011 exits listed were Riot Games ($400 million) and HauteLook ($270 million).

article thumbnail

Surveying SoCal's M&A Landscape, with David Siemer

socalTECH

I think that the market was, however, hotter two years ago, when companies were buying more aggressively, and there was lots of pent-up demand. If you go back to 2005 and 2006 and look at a company which would have a $5M pre- then, it''s now $8 to $10M, all else equal. We were involved in the Gradient X deal, and that was a nice one.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. socaltech socal socalcto

article thumbnail

Guide to the LA Startup Community

SoCal Delicious

Demand Media is an online media company operating two strategically-linked businesses: an integrated content and social media platform, and registrar solutions. It was acquired by Experian in 2005 for $330M. It also was acquired by Experian in 2005. became a wholly owned subsidiary of AOL in November of 2005.

Guide 42
article thumbnail

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).

article thumbnail

How brain-amputated developers created the social media plague

SoCal Delicious

For example Twitter , where gazillions of bots [type A] follow other equally superfluous but nevertheless very busy bots [type B] that automatically generate 27% valuable content (links to penis enlargement tools) and 73% not exactly exciting girly chatter (breeding demand for cheap viagra).