Startup Professionals Musings

MAY 1, 2023

So, the first question I usually get is what percent of the company or equity is that person worth? Just because it was your idea doesn’t mean you “deserve” 90% of the equity. The value in a startup is all about tangible results, so I see no equity value in the idea alone. Experience and connections in your business area.

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Startup Professionals Musings

NOVEMBER 25, 2020

With the advent and growth of crowdfunding over the past few years, many entrepreneurs have predicted the demise of those demanding angel investment groups and venture capital organizations. As an accredited angel investor, I claim to be one of those professionals, and I’ve talked to many more.

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TechCrunch LA

JUNE 10, 2020

We’ve created the HBCUvc Donor Circle as an opportunity for supporters and individuals to engage in our work and join a long-term strategy toward racial equity in venture capital and technology,” she wrote in the post. We cannot make significant progress in advancing racial equity without long-term financial commitment,” Mujhid wrote.

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Startup Professionals Musings

APRIL 22, 2023

The first thing to remember is that banks only do loans – they generally don’t do equity investments like angels and venture capitalists (and vice versa). Show focus and your understanding that your company is something more than just a good idea. Bankers do not contribute equity. Be concise as well as complete.

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AUGUST 22, 2016

Los Angeles-based private equity investor Platinum Equity announced today that it has acquired two Chinese businesses from Broadway Industrial Group Limited. Platinum Equity said it acquired Foam Plastic Solutions (FPS) and Flow Control Devices (FCD) from Broadway Industrial. READ MORE>>.

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JULY 14, 2020

Los Angeles-based private equity investor Riordan, Lewis & Haden Equity Partners (RLH) has made an investment in Denver-based systems integrator MCA Connect, LLC , the two announced t morning. MCA Connect provides systems integration for manufacturing companies that are implementing Microsoft's business applications.

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SEPTEMBER 14, 2021

Santa Monica-based fintech startup Grow Credit, which helps consumers build their credit score through payments for subscription services, said on Tuesday that it raised $106M in a combination of equity and debt. in equity, and $100M in debt. The company said the debt portion of the funding came from Arena Investors, LP.

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FEBRUARY 22, 2018

Los Angeles-based private equity investor Marlin Equity has acquired San Jose-based Propelics , a developer of mobile apps for enterprise customers, Marlin Equity said on Thursday. Marlin acquire Propelics via portfolio company Anexinet Corporation , which is based in Philadelphia.

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FEBRUARY 4, 2019

Los Angeles-based programmatic advertising software developer MediaAlpha announced Monday afternoon that it has raised a new, strategic investment, from private equity investor Insignia Capital Group. Current investor White Mountain Insurance Group, Ltd. Current investor White Mountain Insurance Group, Ltd. READ MORE>>.

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DECEMBER 22, 2020

Los Angeles-based Bel Air Internet , an Internet Services Provider (ISP) which serves over 800 buildings with multi-family and commercial services in Los Angeles, has been acquired by Boston-based private equity investor M/C Partners. AeroConnect serves the greater Los Angeles area. READ MORE>>.

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Berkonomics

JULY 16, 2020

Growing companies usually require more working capital during their periods of rapid growth. It may not be equity. If the equity value of a company is growing at the same rate as the company, say 40% per year, almost any form of debt financing may be preferable as a way of preventing further dilution from issuing additional equity.

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SEPTEMBER 25, 2018

Los Angeles-based Acuant , a developer of identity verification software, has been acquired by private equity investor Audax Private Equity. Acuant is led by Yossi Zekri, President and CEO of the company, who said that the company now has "strategic resources to dramatically accelerate" the company's growth.

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JULY 11, 2018

AdvancedMD , a portfolio company of Los Angeles-based private equity investor Marlin Equity , said this week that it has completed the acquisition of Marietta, Georgia-based Nuesoft Technologies. Marlin Equity acquired AdvancedMD in September of 2015. Financial details of the buy were not announced. READ MORE>>.

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JULY 31, 2017

Los Angeles-based private equity investor Platinum Equity said last week that it is buying Singapore-based Fischer Tech Ltd. , The two said that Platinum Equity would pay S$3.02 Platinum Equity is merging Fischer Tech with Chinese company Ying Sing Enterprises Limited , which it acquired in 2015.

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FEBRUARY 14, 2018

Los Angeles-based private equity investor Marlin Equity has acquired San Francisco-based Inkling Systems , a developer of enterprise software for field workforce operations management. The companies said Inkling will continue to operate from its headquarters in San Francisco with its existing executive leadership team.

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JUNE 16, 2017

Los Angeles-based private equity and investment firm Marlin Equity said on Friday that it has completed its take-private acquisition of Tangoe, Inc. , Both companies operate as part of the technology lifecycle management (TLM) market. Marlin has appointed Robert Irwin as CEO of the newly combined company.

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MAY 29, 2018

Los Angeles-based GoGuardian , a startup which develops Chromebook management software for schools, disclosed last week that it has raised a majority round of private equity from Sumeru Equity Partners. Size of the investment were not announced. GoGuardian is led by founder and CEO Advait Shinde. READ MORE>>.

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NOVEMBER 27, 2017

Los Angeles-based private equity investor Marlin Equity is acquiring online ratings and reviews software provider Bazaarvoice , in a deal worth $521M in cash, the two said this mroning. The company said Marlin Equity will take Bazaarvoice private, by paying $5.50

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JANUARY 6, 2020

Los Angeles-based private equity investor OpenGate Capital has made another acquisition this morning, via its portfolio company, Sargent and Greenleaf. Delaney had been owned by another private equity investor, HCI Equity Partners. Financial details of the acquisition were not announced. READ MORE>>.

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JULY 9, 2021

Los Angeles-based online postage provider Stamps.com is going private, in a private equity acquisition by Thoma Bravo, the two said on Friday. Stamps.com was one of the original companies to come out of Southern Caliornia's Internet boom era in the late 1990's, and had its IPO in 1999.

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MAY 3, 2018

Los Angeles-based private equity investor Caltius Equity Partners said late Wednesday that it has made a "significant" investment in Health Payment Systems , a developer of healthcare technology and services. Size of that investment was not announed.

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MARCH 27, 2018

AppRiver , a provider of cloud-based cybersecurity software and services which is owned by Los Angeles private equity investor Marlin Equity , has acquired Ottawa, Canada-based Roaring Penguin , the companies said this week. AppRiver, which is based in Florida, was acquired by Marlin Equity in October of 2017.

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AUGUST 3, 2017

Los Angeles-based upscale, luxury confections brand Sugarfina announced on Thursday morning that it has raised $35M in a growth equity funding, from private equity investor Great Hill Partners. The company said it was advised by Imperial Capital on the funding. Sugarfina has now raised more than $50M in funding.

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DECEMBER 14, 2016

Los Angeles-based private equity investor Marlin Equity Partners unveiled a new company, Elenion Technologies , focused on silicon photonics. According to Marlin Equity Partners, Elenion has been in existence since 2014, and has been operating in stealth mode. READ MORE>>.

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APRIL 18, 2017

Los Angeles-based private equity investor Platinum Equity has acquired American Traffic Solutions , a provider of road safety, red light, and traffic violation cameras, according to the two companies. Financial details of the acquisition were not announced.

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SEPTEMBER 6, 2019

Startup Boost Los Angeles has opened up applications for its Fall 2019 class, according to the group. The programs--which does not charge fees or take equity from companies in its program--says it is seeking nine early stage startups to take part in its eight-week program, designed to help early stage startups.

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JUNE 21, 2018

Los Angeles-based private equity investor Platinum Equity says it is selling one of its portfolio companies, Verra Mobility , to The Gores Group , in a deal worth approximately $2.4 According to Platinum, the sale will create a new, publicly listed company, via a plan of merger with Gores Holdings II, Inc.,

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OCTOBER 24, 2016

Los Angeles-based private equity investor Platinum Equity said this morning that it has sold Mactac Americas LLC , a manufacturer and distributor of pressure sensitive labels, to LINTEC Corporation , in a deal worth approximately $375M. Platinum Equity acquired Mactac in November of 2014, from Bemis Company.

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SoCal CTO

APRIL 18, 2012

Todd Gitlin of Safire Partners - a go to resource here in LA for recruiting C-level positions at startups - was nice enough to compile some data again this year (see last year's Startup CTO Salary and Equity Data ). Or they are looking at Hiring a CTO and want to see what salary and equity ranges look like. It has not.

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AUGUST 19, 2013

Los Angeles-based private equity firm WorkOasis has acquired WorkOasis , a developer of software-as-a-service products for work order, vendor and maintenance management, the company said this morning. Marlin Equity Partners did not disclose financial details of the transactions. WorkOasis was based in Atlanta, Georgia.

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JUNE 7, 2018

Los Angeles-based The Honest Company , the online natural baby, personal care, and beauty products provider, said Wednesday that it has raised $200M in a strategic minority investment, which came from private equity investor L Catterton. The Honest Company was advised by Goldman Sachs & Co. in the financing deal.

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OCTOBER 6, 2020

Los Angeles-based J2 GLobal , which owns a diverse range of Internet information and services companies, announced this morning that it has acquired three more companies, and--unusually--also has divested one. Financial details of the acquisitions and sale were not announced by the company. READ MORE>>.

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OCTOBER 7, 2019

Los Angeles-based Internet information and services giant J2 Global --the relatively unknown owner of such sites as Mashable, IGN, PCMag, and Everyday Health--has acquired four more companies, the company announced this morning. Financial terms of those acquisition were not announced. READ MORE>>.

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SEPTEMBER 12, 2014

Los Angeles-based LEHR , which develops propane-fueled tools and engines, has received a round of private equity funding from Newport Beach-based Solis Capital Partners, according to the firms. lehr venture capital private equity propane engine powered' Size of the investment was not disclosed. LEHR is led by Bernardo Herzer.

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AUGUST 31, 2016

Los Angeles-based Prime Focus Technologies , a developer of ERP software for the media industry, says it has received its first round of funding from private equity investor Ambit Pragma. The company's CEO is Ramki Sankaranarayanan. The company has a significant presence in India, with headquarters here in Culver City.

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MAY 13, 2016

Los Angeles-based private equity investor Riordan, Lewis & Haden Equity Partners (RLH Equity), has sold one of its portfolio companies, BlueWolf Group , to IBM. Financial details of the acquisition were not announced. READ MORE>>.

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DECEMBER 13, 2016

Los Angeles-based Apposite Technologies , a developer of enterprise network simulation software and test tools, has raised a round of growth investment from private equity investor Ranch Creek Partners. Size and terms of the funding were not announced by the companies. Apposite develops WAN emulation appliances. READ MORE>>.

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