socalTECH

FEBRUARY 27, 2015

Los Angeles-based online fashion retailer Nasty Gal has raised $12.7M, as part of an ongoing venture funding targeted at $16M, according to a regulatory filing by the firm this week. Nasty Gal founder Sophia Amoruso recently stepped down as CEO , and the company had some major layoffs last September. READ MORE>>.

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Layoffs Venture Capital Los Angeles Funding 100

socalTECH

JANUARY 30, 2009

For more on the economy, Janine Davis, a guest contributor and recruiter in Los Angeles, talks about The State of Technical Recruiting in Los Angeles in our Insights and Opinions section. Finally, Jeff Cohn, a venture capital consultant, tell us 10 Ways President Obama Can Help Create Jobs.

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Southern California Layoffs Mixergy News 100

socalTECH

MARCH 5, 2009

Los Angeles-based ManiaTV has shut its doors, after failing to find a buyer, according to the firm. Last month, the firm's CEO, Peter Hoskins, told socalTECH that the "Most of what we do is consistently profitable, by design. Tags: jobs employment layoff video comerica content maniatv shutdown.

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Layoffs SoCalTech Content Web 100

socalTECH

OCTOBER 12, 2016

Los Angeles-based fashion website NastyGal is apparently in the midst of a "cram down" round--a round where the current shareholders in a company essentially reset the equity structure of a company that usually forces non-participating investors to lose most, if not all of their stake in the company.

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Report Layoffs Equity Los Angeles 100

socalTECH

JUNE 21, 2019

Why did you decide to move to venture capital? We had to do a reduction-in-force and layoff early in our career, and I thought we were done. I've been going through the startup journey, and just finished our Series D investment. That allowed me to take a step back, and relocate. Minnie Ingersoll: That's a good question.

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Southern California Startup Layoffs Venture Capital 133

socalTECH

OCTOBER 16, 2018

Virtual reality studio and content producer Jaunt --which has a virtual reality content development effort in Los Angeles--said on Monday that it is "winding down" a number of its virtual reality products and content services, and switching its focus to augmented reality. Jaunt is based in San Francisco. READ MORE>>.

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socalTECH

DECEMBER 9, 2019

Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, and is now seeking a sale, according to CNBC. The sale comes less than two years after SoftBank invested $300M in Wag , via the SoftBank Vision Fund. The company also is now seeking a buyer. READ MORE>>.

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Demand Sales Los Angeles Invest 100

socalTECH

NOVEMBER 3, 2008

Los Angeles-based Spot Runner has laid off 115 employees, as part of a new strategic plan, a spokeperson for the firm confirmed Monday. A spokeperson for the firm told socalTECH that the change was due to an "unprecedented change in the economic environment."

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SoCalTech Advertising Venture Capital Resource 113

socalTECH

DECEMBER 9, 2019

Los Angeles-based on-demand, dog walking service Wag has bought back its stake from Softbank, according to CNBC. According to a memo leaked from Wag's new CEO, Garrett Smallwood, the company is also laying of a number of employees as it looks to have a capital base that is "right-sized to the needs of our business and strategy".

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Demand Los Angeles Sales Invest 100

socalTECH

FEBRUARY 17, 2017

He eventually founded and sold consumer health firm ViSalus to a public company and is now back making investments, in technology companies, as a venture capitalist here at Los Angeles-based HashtagOne (www.hashtagone.com). It was really the same business, but with less capital. That's my basic method to mayhem.

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