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Hiring Developers Before Product/Market Fit?

SoCal CTO

Hiring seems to be the preferred use of seed funds (by investors and founders), whereas I'd prefer a focus on customer acquisition. And in most cases they are not ready to hire developers either. Using my StartupRoar as a radar, I came across a great post by Gabriel Weinberg Do you really need a full-time hire for that?

CTO Hire 205
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Ferret Finds $4M For AI Tools

socalTECH

Los Angeles-based Ferret, a startup working on artificial inteligence software to help people determine who they can trust, has raised $4M in a seed funding round, according to the company. The company said it is developing machine learning algorithms which help users determine who they can trust in real time.

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Weblife Acquired By ProofPoint For $66M

socalTECH

Los Angeles-based Weblife , a developer of secure, employee web browsing software, has been acquired by Proofpoint , in a $66M all cash deal, the companies announced today. Proofpoint said it will use the acquisition to extend its email malware protection to users' personal email accounts. Nordic Eye said it invested $3.0M

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

What You Can Learn From Public Markets It doesn’t really take a genius to realize that what happens in the public markets will filter back to the private markets because the ultimate exit of these companies is either an IPO or an acquisition (often by a public company whose valuation is fixed daily by the market). So it’s about 20%.

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GIGXR Acquires Assets Of Pearson Immersive Learning Group, Finds $1M

socalTECH

Venice, California-based GIGXR , a new startup, has acquired the assets of Pearson Immersive Learning Group , a unit of publishing firm Pearson, and raised $1M in a seed funding round, the company disclosed today. Financial terms of the acquisition were not announced.

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CapLinked Collects $2.5M As It Shifts Focus To Tokens

socalTECH

Los Angeles-based CapLinked , which develops a range of software used for corporate finance deals and information sharing, has raised a $2.5M in seed funding. The funding came from Alphabit Fund, Translunar One, Kenetic Capital, NextProtocol Ventures, and BKCM. CapLinked's founders are CEO Eric M. READ MORE>>.

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Rincon Venture Partners Sees Exit At Rentlytics

socalTECH

Rentlytics has been acquired for $57M in cash by RealPage , a Texas software developer for the multi-family real estate industry. Rincon had been part of a small, $4M seed funding round for Rentlytics in 2014; it's unclear how much capital the company raised subsequent to that seed funding. READ MORE>>.