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Former LA VC Gets Backing For Enterprise Alerting, Micro Apps Startup

socalTECH

Fouad ElNaggar , a former venture capitalist who had been responsible for the Los Angeles office of Redpoint Ventures, has scored funding for a new startup, Sapho. in a Series A funding, which was led by Alsop Louie Partners. According to Sapho, it has raised $9.5M Sapho is in Silicon Valley. READ MORE>>.

Redpoint 100
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ZunguZ Facebook Payment Application | Interview With The Founder Robert Sussman

Tech Zulu Event

We built a Proof of Concept in 2010, went into closed beta in 2011 and opened up to the public in Dec 2012. African ICT Achiever Awards – Chief Information Officer (CIO) of the Year – WINNER multiple times (Annex.13). We may keep the platform with the name ZunguZ and look for a client facing name for the application.

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Can You Really Build a Great Tech Firm Outside Silicon Valley?

Both Sides of the Table

Last year I was on Sand Hill Road in Silicon Valley meeting with one of the most prominent venture capital firms in the country. Funding is different outside of Silicon Valley. So it would be unwise to say that funding outside of Silicon Valley will be easier. As a result many funds are OK with big bets. Los Angeles.