socalTECH

JULY 26, 2012

ARCH Venture Partners, GF Private Equity Group, Intel Corporation, Madrona Venture Group, Mobius Venture Capital and Polaris Venture Partners. Impinj said the funding will go towards sales, marketing, product development, and manufacturing operations. The firm had filed for an IPO in April 2011. READ MORE>>.

Orange County 140

Orange County CalTech Equity Venture Capital 140

socalTECH

MARCH 5, 2012

Nasty Gal is led by Sophia Amoruso, who started the company selling vintage clothing on eBay in 2006; the company says its now had over $28M in revenues in 2011, with revenues increasing around 500 percent each year. The brand says 35 percent of its sales occur outside of the US, and that it now has over 150,000 customers in 50 countries.

Sales 145

Sales Los Angeles Design Funding 145

InfoChachkie

JULY 18, 2012

The company was always seeking capital. As an entrepreneur, my greatest lesson learned here was how difficult it is to find capital for a services business. Venture capital firms have a distaste for the smaller multiples earned by services businesses, along with the challenge to scale such a business.

RSS 170

RSS Technical Review Capital Email 170

Both Sides of the Table

DECEMBER 27, 2011

The most obvious way to explain this is with sales people. If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. “COGS” represents the amount that each sale costs you.

Startup 418

Startup Venture Capital Sales Technical Review 418

Berkonomics

FEBRUARY 9, 2017

He concluded that the sweet spot for valuation was in the $20–30 million sales price range, and that many, many times more deals were completed in that range than above $100 million in valuation at exit. Not so long ago, Basil Peters wrote his book, “Early Exits,” after analyzing 150 young companies and their exits.

Pricing 120

Pricing Invest Email Competition 120

Startup Professionals Musings

JANUARY 16, 2011

But before you jump on the bandwagon, you should consider the advice I saw recently from the maven of venture capital, William H. Being thinly capitalized doesn’t necessarily mean you need a big cash infusion. Draper III, in his new book titled “ The Startup Game.” Is the money going to be enough? Do you need this for your image?

Social Media 89

Social Media Media Draper Startup 89

Tech Zulu Event

AUGUST 31, 2011

When tickets went on sale over a month ago, we expected the regular ticket sales cycle, however we were more than surprised when Startup Weekend LA sold out in 6 hours! From your core first hires and building a board of advisors to raising angel and seed capital, team and community makes a world of difference.

Los Angeles 73

Los Angeles Startup Angel Tech Coast Angels 73

socalTECH

DECEMBER 27, 2010

Examples: After successful sales of their prior companies to Google, Ryan and Chad Steelberg are back with BAT, while Gil Elbaz is making big news with Factual. What are the technologies, companies, or things you think the community ought to pay the most attention to in 2011?

Miramar 140

Miramar Southern California High Tech Clearstone 140

Both Sides of the Table

JUNE 1, 2011

.&# That’s how it felt then and a bit how it feels in May 2011. I think that’s the beauty of both capitalism and innovation. And 18 months later, in May 2011, I have crossed 422,000 views. Just like a sales person at the end of a quarter. If you were reading the headlines from only 2.5 So which is it?

Startup 391

Startup Blogging Venture Capital Writing 391

Both Sides of the Table

APRIL 25, 2011

This thinking is largely driven by the venture capital industry (and subsequently Wall Street) who are in search of high margin, highly scalable businesses. I gave them advice I don’t think they were expecting from a VC, “Don’t raise venture capital for this business. This team is talented. They wanted advice.

Services 332

Services Venture Capital IP Startup 332

Both Sides of the Table

JUNE 5, 2011

Then you can do a little bit of research and find out that very few companies ever achieve this valuation in a trade sale so you’re clearly gunning for an IPO. 2007, 2011) and for the hottest of companies and in bad markets for fund raising (2003, 2008) prices test the bottom end of the range. It’s hard to stop a train.

Startup 336

Startup Pricing Technical Review Marketing 336

Both Sides of the Table

JANUARY 14, 2014

All the data actually suggests with the growth of mobile, inbound sales calls will double from 30 billion to 60 billion in 3 years (source: Kelsey). The three largest webmail services had over 1 billion global users at the end of 2011. In the US alone there are 30 billion inbound sales calls every year. There are 2.9

Email 339

Email SaaS Venture Capital Google 339

socalTECH

OCTOBER 2, 2012

Southern California's technology community--despite all of the recent excitement around Silicon Beach--continues to be underserved in terms of capital, with a lack of venture capital funds (with money), and other private technology investors. The second reason is that we are a hybrid fund with a unique strategy.

Acquisition 168

Acquisition Software Review Technical Review Equity 168

Both Sides of the Table

MAY 23, 2012

Many observers of the venture capital industry have questioned whether its best days are behind it. Looking ahead at the next decade I am excited by what I believe will be viewed as one of the best and most rational investment periods for venture capital due to seven discrete factors: 1. This article originally ran on PEHub.

Venture Capital 347

Venture Capital Capital Technical Review Startup 347

Tech Zulu Event

MAY 9, 2013

Jackson said, “We’re using the proceeds from our financing round to invest in our technology, build new features, and increase sales and support.”. Jackson added that the firm was proud of its product, and even uses its own software to manage their capital raised from investors. Based in LA, and launched in 2011 by Eric M.

Draper 68

Draper Google Software Engineering Invest 68

Both Sides of the Table

FEBRUARY 17, 2011

A year ago I blogged about one of my most common mantras that applies to sales, biz dev & fund raising alike: “ Time is the Enemy of all Deals.&#. For many businesses you should keep your costs low & your capital raises low until you discover whether you are really on to a big idea where there is market demand.

Help 303

Help Startup Competition Framework 303

socalTECH

JANUARY 17, 2013

We spoke with Christopher Webb, the firm's CEO, to hear about how ChowNow's goal is to make mobile, social orders something any restaurant can afford and implement--and how a new $3M funding round from GRP Partners, Double M Capital, Daher Capital, Karlin Ventures, and Velos Partners is helping it to deliver on its mission.

Mobile 197

Mobile Startup Platform GRP Partners 197

Both Sides of the Table

MARCH 30, 2011

The part of the movement that resonates the most with me (in my words) is that entrepreneurs should keep their capital expenditures really low while they’re experimenting with their product and determining whether there is a large market for what they do. I believe that over capitalizing companies too early often favors the VC.

Development Team Review 374

Development Team Review Technical Review Startup Resource 374

Both Sides of the Table

MARCH 12, 2013

Greg was the CMO at HauteLook from the early days all the way through growing the business to 12 million registered users and far in excess of $200 million in annual sales. In 2011 the company was sold to Nordstrom for $270 million in a deal that has been widely seen as a success for both buyer and seller. Many more improvements afoot.

Venture Capital 360

Venture Capital GRP Partners Startup Invest 360

Both Sides of the Table

MAY 19, 2010

Our guest this week on #TWiVC was Dana Settle , partner at Greycroft Partners , a venture capital firm with offices in New York and Los Angeles. The “private sale” market phenomenon was started in France by Vente-Privee (literally means “private sale”) and was replicated in Germany by BrandsforFriends. Time will tell.

Venture Capital 240

Venture Capital Startup Platform Technical Review 240

socalTECH

OCTOBER 17, 2017

Nimble's software connects to your email, social accounts, and more, and helps you track your customers, sales prospects, sales pipeline, and much much more. Jon Ferrara: I'd like to tell you a little story on how I scaled Goldmine in Canoga Park, bootstrapped with $5,000 without a dime of venture capital. Explain that?

Startup 113

Startup Canoga Park Email Google 113

Xconomy

OCTOBER 18, 2016

Five years ago, in November 2011, a company from Princeton, NJ, called Pharmasset shared news that would have an impact on millions of people around the world with hepatitis C. Sales of both drugs, ivacaftor (Kalydeco) and the combo pill ivacaftor-lumacaftor (Orkambi), reached almost $1 billion in 2015 and are growing.

Startup 40

Startup Research Sales Organization 40

Both Sides of the Table

JUNE 22, 2011

I guess that makes USV, Spark Capital, Foundry Group, Accel, Benchmark, Revolution (along with several others) pretty happy right now. source: Capital IQ. source: Capital IQ. Still, market amnesia by ordinarily rational actors always surprises me. I spoke about a lot of things during the keynote. And well they should be.

Pricing 309

Pricing Marketing Startup Venture Capital 309

Both Sides of the Table

APRIL 19, 2011

Matt was one of my inspirations behind Launchpad LA (yes, we’re going to have a program in 2011 – news very, very soon). What better than to have capital from somebody who has actually done it in the trenches? o Everything is for sale but it’s the price that moves the timing. Here’s a summary of our interview.

Acquisition 304

Acquisition Startup Customer Custom 304

Startup Professionals Musings

DECEMBER 7, 2013

billion dollar sale to Oracle from Bozeman, Montana. Today, Silicon Valley is the consumer and enterprise software capital of the world. Raising capital isn’t the be all and end all of startup success. Raising capital is a necessary step, and survival time without it grows short, or interminably long.

Startup 102

Startup Technical Review Oracle Entrepreneur 102

Tech Zulu Event

JUNE 17, 2011

So with out further ado I present the Spotlight: LA Tech Summer 2011 Judges! Prior to Idealab, Alex led sales and marketing efforts for venture-backed startups focused on enterprise software and services. Entries will be closed for company submissions at midnight of July 4th, 2011. When: Thursday, July 14th, 2011 – 6:00 p.m.

Tech Coast Angels 100

Tech Coast Angels Idealab Angel Design 100

socalTECH

FEBRUARY 13, 2012

We've had tremendous success so far, with six graduations, with $55 million in early stage capital raised by those companies coming through the incubator after only two years of operations. After the sale, Rory [Editor's note: Rory Moore] asked me if I wanted to take this to the next level. It's been a great ride and a lot of fun.

Incubator 212

Incubator San Diego Technical Review Development Team Review 212

socalTECH

JUNE 30, 2016

That can be a subject matter expert, product head, a sales head, any category in the enterprise, and they can use our lightweight platform for answers. In B-to-B marketing, it ends up that there were people at GE Capital doing the same jobs at GE Healthcare.

El Segundo 169

El Segundo Southern California Startup CTO Hire 169

Xconomy

NOVEMBER 13, 2016

The idea was to feature early stage companies in the region that have not attracted much attention or raised a substantial amount of startup capital. million in a Series D round of investment capital, according to founder and chairman Tony Farwell. The results were so encouraging, we’re doing it again.

San Diego 40

San Diego Technical Review Artificial Inteligence Startup 40

Tech Zulu Event

JUNE 10, 2014

The real estate impact of this activity can probably be traced to the 2011 arrival of Google in the Frank Gehry-designed “binoculars” building on Main Street in Santa Monica. million, it is the highest sale price of the year. The Los Angeles Business Journal recently reported data compiled by SoCalTech.com showing that “L.A.

Entertainment 108

Entertainment Santa Monica Journal Belkin 108

Tech Zulu Event

SEPTEMBER 27, 2011

So with out further ado I present the Spotlight: LA Tech Fall 2011 Judges! Prior to Idealab, Alex led sales and marketing efforts for venture-backed startups focused on enterprise software and services. Entries will be closed for company submissions at midnight of October 16th, 2011. He is a recognized leader in the Voice 2.0

Tech Coast Angels 96

Tech Coast Angels Idealab Angel Startup 96

Tech.Co

MARCH 8, 2018

The program has been so successful that the startups have leveraged $48M in private capital to further their development. Joanne Chen, Partner at Foundation Capital. Joanne was an angel investor for two years at Hyde Park Angels prior to joining Foundation Capital in 2014. Marissa Lowman, Investor at Village Capital.

Technical Review 70

Technical Review Startup Software Review Entrepreneur 70

Both Sides of the Table

APRIL 2, 2010

This is part of my series on Understanding Venture Capital. I saw it myself in 1999-2002 when it was hard to charge for my product because all of my competitors raised large rounds of capital and were giving away their products free fueled by large VC rounds. A lot will depend on how exits go in 2010/2011.

Venture Capital 269

Venture Capital Funding Invest GRP Partners 269

From the Venture Trenches

APRIL 30, 2013

We heard how Jeff transitioned from a start-up founder to an institutional investor when he helped found Amplify towards the end of 2011. Amplify provides seed stage capital to the tune of $50,000 to $150,000 in companies with a viable product that are demonstrating some degree of traction. Unwinding at an Amplify party.

Web Design 103

Web Design Social Media Seed Funding Design 103

socalTECH

OCTOBER 30, 2013

The florist business center we launched recently empowers florists, with tools to run email marketing campaigns, reach out through social media, and even gives them a point of sale system and website builder. Farbod Shoraka: We started out in the summer of 2011. How long has the service been available?

Beverly Hills 157

Beverly Hills Technical Review Design Startup 157

Tech Zulu Event

OCTOBER 11, 2012

We built a Proof of Concept in 2010, went into closed beta in 2011 and opened up to the public in Dec 2012. They then headed back to the USA and UK to get comment and advice on the platform, after which they returned to South Africa, made the enhancements and launched a closed beta in 2011. When was it launched?

Software Review 92

Software Review Social Network Platform Technical Review 92

InfoChachkie

OCTOBER 31, 2011

In October of 2011, the company announced a $4.5 However, in my dual role as the head of sales and business development, I devised mutually advantageous outcomes with customers and partners which culminated in a collective “Yes” from all the involved parties. Virgin executives describe the company as a “branded venture capital company.”

Tips 264

Tips Startup Guide Media 264