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Layoffs Take Big Toll In California In 2009

socalTECH

The latest number released from the United States Department of Labor finds that 2009 was an ugly year for Californians, as measured by the number of mass layoffs and jobs lost. The BLS said that 2009 was the worst year since 2002 for California, the last time layoffs surpassed 500,000 employees. READ MORE>>.

Layoffs 159
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MaxLinear Names CFO, Chief Corporate Strategy Officer

socalTECH

Litchfield joins MaxLinear from Microsemi, where he had been Executive Vice President and Chief Strategy Officer since 2009. MaxLinear is a developer of radio frequency (RF), mixed-signal, and analog integrated circuits.

Marketing 100
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Disney Shutters Parenting Blog Site, Babble

socalTECH

The site had originally been founded in 2006 by Rufus Griscom and Alisa Volkman, covering topics around parenting and raising children. The site is not the first in the sector shut down by Disney; Kaboose, another parenting blog site, was acquired by Disney in 2009 for CAD $23.3M, but was shut down sometime sometime in 2016.

Blogging 113
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Ceres Names Former Undersecretary of Energy To Board

socalTECH

Department of Energy from May 2009 until November 2011, and prior to that was Chief Scientist at BP focused on renewable energy. He also served as a professor of theoretical physics at Caltech from 1975 until 2006. Koonin, to its board of directors. Koonin was Undersecretary for Science at the U.S. READ MORE>>.

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StyleSpot, Backed by Idealab, Merges With Kaboodle

socalTECH

StyleSpot was venture backed by Idealab, and had been founded in 2009. Gordon and Amin's prior company was Baseline Research, which they sold to the New York Times Company in 2006. According to Kaboodle, Gordon and Amin will continue as co-CEOs of the company, operating as an individual website.

Idealab 168
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Demand Media Alum Gets $100M For Domain Registrar

socalTECH

Stahura, who is still on Demand Media's board of directors, founded domain registrar eNom in 1997, which became central to Demand Media's online media efforts in 2006, when Demand Media acquired his firm. He continued to serve at Demand Media until 2009. Donuts Inc.

Demand 154
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Praying to the God of Valuation

Both Sides of the Table

Between 2006–2008 I sold both companies that I had started and became a VC. Starting in 2009 I began writing checks consistently, year-in and year-out. During this era, from 2009–2015, most founders I knew were in it for building great & sustainable companies.