Both Sides of the Table
SEPTEMBER 15, 2022
million, our Seed Funds mostly between $200–300 million and have delivered median ownerships of ~20% from the first check we write into a startup. In 2009 we could take a long time to review a deal. Nick is an alum of UC Berkeley and Wharton, worked at Warby Parker and then most recently at the venerable LA-based Seed Fund, Crosscut.
socalTECH
JANUARY 27, 2010
Los Angeles-based XCast Labs , a provider of voice-over-IP services, is reporting today that it had 48 percent revenue growth in 2009, and now has more than 100,000 users. The firm said it has been profitable since July, and saw growth from IP-PBX, SIP Trunk, residential, and reseller customers.
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SoCal Tech Calendar
SEPTEMBER 27, 2009
Saturday, October 3, 2009 -- Intellectual Property and Its Impact on Entrepreneurship. Tom O'Toole and Brandon Villery will cover issues on licensing, due diligence, NDA, different types of IP (trade secret, patent, trademark, copyright), etc. They will emphasize IP licensing and IP licensing issues of importance to entrepreneurs.
socalTECH
APRIL 3, 2012
Last week, the firm announced a funding round and a couple of key advisors, as the company looks to ramp its social gaming efforts and leverage a deal with Zynga. We have one, major original IP game in development, and a couple of weeks ago we announced a publishing deal with Zynga to publish our new game on Facebook and Zynga's own platform.
Both Sides of the Table
JUNE 5, 2015
In the old days VCs funded off of a “pre-money” valuation. This was until about 2009 because most the investments in companies came from one, maybe two, sources. In the old days there usually weren’t convertible notes on early-stage deals and there weren’t party rounds with 20 angels or 6 seed funds.
Both Sides of the Table
APRIL 25, 2011
A great recent example of this was a successful group of entrepreneurs who had created a company that will do $10-12 million in revenue at their system integration business (read: services business) in 2011 after having done $5 million or so in 2010 and $2-3 million in 2009. You own the IP you create.
Both Sides of the Table
JANUARY 5, 2010
If your idea is so amazing that it warrants my hard-earned angel money or the money of my LP investors from our fund then why should I take a risk on you if you won’t take a risk on yourself? Partners in VC funds only wanted to fund entrepreneurs who had a certain percentage of their net worth tied up in their venture.
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