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ReachLocal Loses CEO, Founder

socalTECH

In a huge shift, Zorik Gordon , the CEO and founder of Woodland Hills-based ReachLocal , has resigned, the company said this morning, and the company has launched a search for a new CEO. According to ReachLocal, Gordon has resigned to "pursue other entrepreneurial opportunities". ReachLocal did not say what Gordon intends to do now.

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ReachLocal Names Two Executives

socalTECH

Woodland Hills-based ReachLocal said Monday that it has named two new executives, hiring Paras Maniar as the company''s new Chief Strategy Officer, and Megan Opp as the company''s new Chief People Officer. The new hires come as ReachLocal has been building up a new executive team, headed by new CEO Sharon Rowlands. READ MORE>>.

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ReachLocal To Shut Bizzy

socalTECH

Woodland Hills-based ReachLocal , the online marketing firm which helps small and medium sized business place Internet advertising, is shutting down its Bizzy local business recommendations site, according to a blog post from the site. Bizzy said the site and mobile apps will be shut down by mid-November. READ MORE>>.

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This Week in VC with Jim Armstrong of Clearstone

Both Sides of the Table

They were started in affiliation with IdeaLab and were the first-round lead in PayPal. Read more: HP Press Release , VentureBeat on P&L Sponsor Todd Bradley , TechCrunch follow-up. Online advertising platform for local businesses; ReachLocal reported over $203 million in revenue for 2009, compared to around $146 million in 2008.

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Santa Barbara: the home of the clicks (and the calls)

Eric Greenspan

The focus of this post is Commission Junction, as we are just about to get started with them. I remember when they started in a building I once thought to lease for my 2nd company Push. These hits translate into conversions or sales for the advertiser and a commission is paid to the affiliate with CJ taking a piece of the pie.

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

Both Sides of the Table

Many of the Valley tech firms saw advertising as “beneath them&# and many VCs in the first boom encouraged people to focus on eyeballs rather than dollars. I talked to one startup CEO who told me, “you have young engineers who want to make $200,000 or more to work for me. eBay and others. You just don’t. Get over it.