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This Week in VC with Jim Armstrong of Clearstone

Both Sides of the Table

Had a great chat with Jim Armstrong who is a General Partner at Clearstone Venture Partners today on TWiVC. It was especially fun for me because we got the chance to talk about the VC industry and how entrepreneurs should think about the VC industry in addition to discussing deals. Segment Two: “Deal of the Week”.

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Clearstone Backs Openbucks

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Santa Monica-based venture capital firm Clearstone Ventures is backing a Bay Area gift card-based, payment network, Openbucks , as part of a Series A funding for Openbucks. in a Series A for the company, which allows users to trade in gift cards from a number of retailers to pay for merchandise and services online.

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Sixgill Snag $27.9M

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in a Series B funding round, the company said last week. The funding was led by DRW Venture Capital, and also included Mobile Financial Partners. Sixgill said its primary product, Sense, is used by companies to manage challenges in governing their "Internet of Everything" assets and building sensor-informed applications.

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March Capital Partners Launches $240M Venture Fund

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Santa Monica-based March Capital Partners , the venture capital investment firm founded by venture investment veterans Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, said this morning that it has had a final close on its first fund, at $240M. READ MORE>>.

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Geodelic Raises $7M

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Santa Monica-based Geodelic , the location-based mobile phone applications firm headed by ukelele-strumming Rahul Sonnad, has raised $7M, the firm said today. The funding came from MK Capital, Clearstone Ventures, and Shasta Ventures. The funding brings the company's total raised to around $10.5M.

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This Week in VC – Scott Painter, CEO of Zag & TrueCar

Both Sides of the Table

He calls it his “Tom Sawyer&# company. Scott’s first big foray into industry-changing companies came with CarsDirect, an IdeaLab company where he was the initial founder & CEO. Scott left the company, which eventually IPO’d and became Internet Brands. Incubated by Clearstone Ventures in 2008.

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Playsino Releases First Two Network Titles

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Playsino recently announced an effort to bring third party, social casino games into its ecosystem, where it wlil help market and support games not designed by the company. Playsino is backed by IDM Venture Capital, Eric Schmidt (Google), Michael Robertson (MP3.com), READ MORE>>.