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DreamHost Readies Wider OpenStack Rollout

socalTECH

Los Angeles-based web and cloud hosting provider DreamHost looks to be readying its OpenStack cloud offering, DreamCompute, for wider consumption, after showing off the service at the OpenStack Summit in Portland last week. DreamHost has been offering the service in beta since October of last year. READ MORE>>.

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IDrive: We're The Biggest Cloud Service In LA You've Never Heard Of

socalTECH

Los Angeles-based IDrive has a bold claim: it''s the biggest cloud service provider in Los Angeles. softnet angeles hiring sync backup service cloud idrive' IDrive says that it is in the midst of growing its service, plus bolstering its efforts to improve its service to challenge such growing cloud providers as Dropbox.

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Why Has Seed Investing Declined? And What Does this Mean for the Future?

Both Sides of the Table

What’s astonishing and few other than those who lived it as startups (I launched my second startup in this era) realize is how profound of an impact that rise of Amazon AWS (S3 & EC2) had on the startup market. Traditional VCs have raised larger funds that allow them to pay slightly higher prices and still hit preferred ownership sizes.

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This Week in VC with Farb Nivi, Founder of Grockit

Both Sides of the Table

Raised angel money from Rob Lord, Reid Hoffman, Benchmark Capital and others. Founded in 2009 in Los Angeles by Michelle Crames. Current round: $8.1mm in Series C by S3 Ventures (lead), Adams Capital Mgmt, Triangle Peak Partners. Here’s this week’s outline: INTRO to FARB NIVI. Farb is the founder & CEO of Grockit.com.

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Understanding Changes in the Software & Venture Capital Industries

Both Sides of the Table

They started by offering cloud storage (S3) on a super cheap, pay-as-you consume basis. The biggest media attention in our industry went to the so-called “super angels&# during the 2009/10 timeframe and while I don’t believe there is such thing as a super angel I believe that much media attention was deserved.