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

socalTECH

That''s true of many Southern California ad-tech companies. 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. For California investments in general, the funding has kicked up pretty remarkaably. Their only option is an IPO.

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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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Interview with Winston Damarillo, Morphlabs

socalTECH

One of Southern California's successful, serial entrepreneurs is Winston Damarillo , who founded Gluecode, which he sold to IBM in 2005. Morphlabs is a cloud computing company, part of a good cluster of firms that we now have in Southern California, including 3Tera in Orange County, and Eucalyptus in Santa Barbara.

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Interview with Brett Crosby and Brew Johnson, PeerStreet

socalTECH

Brett and I both grew up in Southern California. So, what is PeerStreet? I went and started a company called Urchin Software Corporation, which was an early player in Web Analytics, which was acquired by Google in 2005, and then I was at Google for just shy of a decade. There's lot of great stuff happening here.

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Announcing a Deal I’ve Wanted to Talk About for a Year

Both Sides of the Table

I first met Ethan in 2005. He then pointed out that for service-based businesses every slot that went unfilled the provider had very high fixed costs and very low marginal costs and people ought to be willing to sell low-demand or last-minute expiring times at a discount while selling premium times at full price or even a surge price.

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