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SweetLabs Snags $13M

socalTECH

San Diego-based SweetLabs , the company headed by Darrius Thompson, and which runs both the OpenCandy advertising network and the desktop Pokki app platform, said today that it has raised $13M in a Series C funding round. According to the company, the new funding goes towards growing Pokki, the desktop app platform it launched in June.

San Diego 140
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Nirvanix Adds Nasuni

socalTECH

Nirvanix is a provider of a cloud storage service targeted at enterprises and web application developers; Nasuni develops a virtual network attached storage (NAS) file server that runs on VMware. READ MORE>>.

Windward 145
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Interview with Evan Rifkin, Burstly

socalTECH

We cater to mobile phone developers--right now the iPhone, and coming soon to Android. You have advertising networks and mediation players, but you don't really have an ad management platform like ours. Ad networks were springing up, but there was no infrastructure to power them. Our space is pretty young.

Startup 164
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This Week in VC with Dana Settle of Greycroft Partners

Both Sides of the Table

Their first fund was a $75 million fund raised in 2006 and they very recently announced a brand new $130 million fund. Closing a VC fund in 2009/10 is a major achievement in and of itself. In the intro section of the show we talked a lot about why VC funds are becoming smaller again and where Greycroft fits.

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Is it a Good Idea to Have Ads in Tweets?

Both Sides of the Table

My firm GRP Partners recently funded a young LA based company named Ad.Ly was the “static&# web. Traditional media companies published their stories on the web. was the 2-way web. I then remember when Amazon started selling books on the web. Advertising has driven the majority of Internet innovation.

Ideas 286
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Crowdfunder Hosts 1st Crowdsourced Startup Contest | Crowdstart LA

Tech Zulu Event

A total of 10 startups made up of 5 companies that received the most votes from the crowd and 5 companies chosen by the Angels and VC judges pitched in front of a live audience for a chance of winning $25,000 in funding. Divshot is a tool for web application developers. This will most likely take event in January 2013.

Startup 85
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It’s Morning in Venture Capital

Both Sides of the Table

There are obvious reasons the industry has had less-than-desirable returns, including: massive over-funding of the sector, huge increases in inexperienced venture capitalists that took a decade to peter out, and the massive correction in the value of the public stock markets that closed many exit opportunities for half a decade.