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The Honest Company Partners With Zulily

socalTECH

The Honest Company , the online brand offering up natural products for babies and families founded by Jessica Alba, has teamed up with daily deals site Zulily , the two said Wednesday afternoon. Financia link between the companies were not disclosed. Lee also headed up LegalZoom, and also runs ShoeDazzle.

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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

But what IS the right amount of burn for a company? Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Conversely if you’re burning $600,000 per month (yes, some companies do) then you only have 5 months of cash left. Gross Burn vs. Net Burn.

Startup 383
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Sonos Names Chief Legal Officer

socalTECH

According to the firm, Eddie Lazarus, who was most recently General Counsel and Chief Strategy Officer for Tribune Media Company from 2013 to 2018, will join the company in Santa Barbara on January 2nd. Lazarus also previously was Chief of Staff to the Chairman of the Federal Communications Commission (FCC) from June 2009 to Feb.

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Lynda.com's Growth Trajectory: Revenues Doubled In Last 3 Years

socalTECH

The massive, $103M funding round for Carpinteria-based Lynda.com might have been a surprise for some, except perhaps readers of this publication, who over the years have gotten a glimpse of the growth rate of the company in recent years. 2009, $37M. May 2012, $70M. Oct 2010, $50M - 140 employees. READ MORE>>.

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EdgeCast Doubles Revenues, Tops 225 Employees

socalTECH

Santa Monica-based content delivery network (CDN) provider EdgeCast said this morning that it doubled its revenues in 2012, and now has more than 225 employees. The big growth is not the first year of blockbuster growth at the company--the firm said last year that it also doubled its revenues between 2010 and 2011.

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Good Times Ahead for VC-backed Tech Companies?

Both Sides of the Table

This morning we heard from Jamie Montgomery, CEO of the venerable Montgomery & Co investment bank who is at the heart of what is going on in M&A for venture backed companies. I have to admit that I was greatly encouraged by Jamie’s outlook for venture backed companies, which if true will be a welcome relief for our industry.

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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

Our last fund we raised was in 2012 and we began investing it in April of 2012. In case you didn’t know, many VCs target a 3-year investment horizon for a fund and after that the fund mostly does only follow-on investments in companies in that portfolio. Insurance Companies. University Endowments. Foundations.