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Interview with Fouad ElNaggar, Redpoint Ventures

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Redpoint Ventures is one of the venture capital firms which has straddled both Northern California and Southern California, with offices in both locations. It would be interesting to hear about where your interests are nowdays, there was a rumor Redpoint had backed off activity here lately. People can come in and have a coffee.

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Jaunt Acquired By Verizon

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Jaunt , a developer of virtual reality technology, software, and apps--which previously had its virtual reality content development efforts based here in Los Angeles--has been acquired by Verizon , the companies said today. Financial terms of the acquisition were not announced. Jaunt was founded in 2013. READ MORE>>.

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2U Raises $120M In IPO

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2U , an online education company which has significant operations in Los Angeles, has had a successful IPO on the NASDAQ Global Market, debuting Friday morning as TWOU. Those investments were led by former Redpoint VC Greg Martin. Redpoint Ventures owned 23.2 Redpoint Ventures owned 23.2 percent at 13.95 percent at 13.95

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Qualcomm Gets Exit At Eero

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San Diego-based Qualcomm has seen an exit at one of its Qualcomm Ventures portfolio companies, Wi-Fi mesh equipment maker Eero , which was acquired by Amazon on Monday. Financial terms of the acquisition were not announced.

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BetterWorks Shutting Down On May 31st

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According to an email from Craig, the company decided to close down the BettterWorks perk platform, and will not longer be active after next Thursday. Craig said that the shutdown came as a result of not being able to sustain a large enough market, relative ot the high cost of customer acquisition. READ MORE>>.

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TrueX Media Acquired For $200M, Says Report

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Los Angeles- and New York-based video advertising company TrueX has been acquired by 21st Century Fox , according to a report from the WSJ this morning. TrueX was previously known as SocialVibe, and is venture backed by Jafco, Norwest Venture Partners, Pinnacle Ventures, and Redpoint Ventures. The deal is reported to be worth $200M.

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Sonos Sees Successful IPO

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Sonos is backed by KKR, as well as Index Ventures and Redpoint Ventures. The company's IPO was underwritten by Morgan Stanley, Goldman Sachs & Co, Allen & Company, RBC Capital Markets, Jeffries, KKR, Raymond James, and Stifel. Sonos makes user friend, whole home audio systems. Sonos is now trading as SONO.