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FIGS Surges In IPO Debut

socalTECH

FIGS was started in 2013, raising a seed funding worth only $2M from Crocs, Mohr Davidow Ventures, 500 Startups, Karlin Ventures, and others. The IPO raised $1.02 billion for the company, and values the company at more than $4.6 The IPO priced above an earlier estimated IPO price of $16.00

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Openpath, Founded By Founders Of Edgecast, Gets $7M

socalTECH

Culver City-based Openpath , a new startup founded by Alex Kazerani and James Segil, the founders of Edgecast, has raised $7M in a seed funding round, the company disclosed today. The funding came from Upfront Ventures, Sorenson Ventures, Bonfire Ventures, Pritzker Group Venture Capital and Fika Ventures.

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Chippmunk Raises $750,000 in Seed Funding for Scaling & Product Development

Tech Zulu Event

Their deep, direct domain experience has already proven valuable as they capitalize on the 2013 holiday shopping season,” said Chino. The post Chippmunk Raises $750,000 in Seed Funding for Scaling & Product Development appeared first on TechZulu. I’m confident in the team’s ability to execute. Blogger Rewards Program.

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Accelerator Demo Day Season Kicks Off Tomorrow

socalTECH

The first Demo Day of 2013 in Los Angeles is tomorrow, as MuckerLab launches its latest class of startups; fellow Los Angeles accelerator StartEngine has its first 2013 demo day scheduled for January 30th. It's a new year, and another batch of accelerator startups, as Demo Day season in Los Angeles kicks off this week.

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Celgene-Seeded PharmAkea Sells Last Fibrotic Drug Candidate to Galecto

Xconomy

When a group of scientists from Amira Pharmaceuticals wanted to start a new biotech after the company’s 2011 acquisition by Bristol-Myers Squibb , Celgene provided seed funding. Rob Williamson, a longtime biotech entrepreneur, joined PharmAkea as CEO in 2013 after the company formed its “build-to-buy”-style.

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Will Your Startup Get Venture Capital or IPO in 2013?

Startup Professionals Musings

Yet 2013 is still projected by The Fiscal Times as a difficult IPO opportunity for startups, due to choppy markets, continuing fiscal uncertainty, and the Facebook fiasco. Sure, there will always some seed funding (10% of overall deal flow), but you can bet that this money goes to entrepreneurs who have been there before and won.

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The Changing Venture Landscape

Both Sides of the Table

In 2001 companies IPO’d very quickly if they were working, by 2011 IPOs had slowed down to the point that in 2013 Aileen Lee of Cowboy Ventures astutely called billion-dollar outcomes “unicorns.” How little we all knew how ironic that term would become but has nonetheless endured. Ten years on much has changed.