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Fisker Automotive Burnt Through $1.4 Billion

socalTECH

The amount of capital invested in Fisker makes the company the highest profile flameout ever in Southern California''s startup history, far surpassing the mere $375M in venture capital raised of of prior record holder Amp''d Mobile from back in 2007. billion dollars in private and public funds, according to Reuters. READ MORE>>.

Layoffs 170
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60Frames Shuts Down

socalTECH

in funding in 2007, from Tudor Investment Corporation and the Pilot Group, and was apparently unable to raise a second round of financing. Tags: 60frames online entertainment content hollywood studio layoff shutdown. 60Frames had raised $3.5M 60Frames had been incubated within the United Talent Agency and Spot Runner.

Layoffs 113
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Angel Investing: Skill 3 – Relationships with VCs

Both Sides of the Table

I’d rather be Roger Ehrenberg with a thesis around data-centric companies and base my investment decisions on my background. I should say that I agree that naive optimism in entrepreneurs can produce higher beta (upside or flops) and that’s good from an investment standpoint if you’re looking for big returns.

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NextWave Wireless Shuts GO Networks Operations

socalTECH

The shutdown closely follows a 20 percent workforce cut, a $100M debt round and hiring of an investment banker at the firm. in January of 2007 for Go Networks. Impact on employment at the firm was not disclosed. NextWave paid $13.3M