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Quid Connects With $320M For Private Liquidity Fund

socalTECH

Quid's service is an alternative to secondary market sales. Berman was previously the founder of Beachmint and Samit Varma was previously at Anthem Ventures, and also had a foray into the pizza business. READ MORE>>.

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What Startups Can Learn From The Pizza Business: Samit Varma

socalTECH

Varma is actually a former technology investor at Santa Monica-based venture capital firm Anthem Ventures, and we thought it would be great contrasting his experience starting and running a restaurant franchise with the technology startup world. What is Pizza Studio? How did you go from venture capital to running a franchise restaurant chain?

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Solarflare In Distribution Deal

socalTECH

According to Solarflare, El-Gev Electronics will handle pre- and post-sales actiivty and technical support for its products. Solarflare is a developer of 10GBASE-T transceivers and 10 Gigabit Ethernet controllers.

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Zag Links With USAA, Mercedes-Benz On Promotion

socalTECH

Zag provides a white-label version of its automotive configuration and pricing engine to USAA and other affinity groups, which provides a detailed, in-depth quoting system for "fleet" sales of automobiles. Zag is backed by USAA, Capricorn Investment Group, LLC, GRP Partners and Anthem Venture Partners. READ MORE>>.

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Zag: 50,000 Cars Sold

socalTECH

Zag's technology provides a level of customization and detail on "fleet" style, pre-negotiated sales of autos, down to the accessory level; the firm has deals with USAA, Capital One, Overstock.com, AAA groups, and others to provide its service. Painter is the former CEO of CarsDirect.com. READ MORE>>.

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MySpace Startups: Startups From MySpace Vets

socalTECH

Venture backers : Oak Investment Partners, Spectrum Equity, W Capital Partners, Goldman Sachs & Co., Demand Media, the internet publishing firm which is in the midst of an IPO effort, is the brainchild of Richard Rosenblatt, who was at the reins of Intermix, the parent firm of MySpace, and brokered the sale of MySpace to News Corporation.

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Last Exit Wall Street: 7 Considerations When Raising Venture Capital

From the Venture Trenches

The recent firing of Groupon’s CEO Andrew Mason is a cautionary tale of the increased scrutiny and heightened expectations that come from accessing increasingly larger amounts of investment capital. So, whether an entrepreneur raises money or not, they have to have a long-term vision. Does your business model scale?