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Clearstone's Sumant Mandal On Exits, Opportunities

socalTECH

Over the last few months, Santa Monica-based Clearstone Ventures (www.clearstone.com) has had a number of high profile exits in its portfolio. It's not a revenue multiple sale. EMC said--Kazeon is the most profitable part of the sale, so I want to own it. So we helped create them, with the founders.

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Sixgill Raises $6M For Proximity Sensing

socalTECH

The company says it is using proximity sensing for the enterprise, helping companies understand the movement of people, places and things in the enterprise. The startup also said the new funds will go towards sales, marketing, and accelerating product development at its new Los Angeles area office. READ MORE>>.

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Crowdfunder Gets Broker-Dealer License

socalTECH

Crowdfunder said the move will help create a "more seamless solution" for its customers. Santa Monica-based equity crowdfunding site Crowdfunder is making it easier for it to work with investors, saying on Monday that it has just received its broker-dealer license to sell securities directly to accredited investors.

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LeisureLink Gets $9M In Series C

socalTECH

The round came from current investors, including Clearstone Venture Partners, Mission Ventures, and Wyndham Exchange & Rentals. The company said the new funding will go towards investments in its technology platform, and also for its sales efforts.

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Rubicon Project Names Three Execs

socalTECH

According to the company, it has named Nick Hulse as Chief Revenue Officer, Bill Harries as Vice President of Sales Operations, and Bill McHargue as vice President of North American Sales. Los Angeles-based online advertising firm Rubicon Project announced this morning that it has hired three new executives.

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Rubicon Project Raises $18M, Buys Fox Audience Network

socalTECH

Rubicon said that the new funding round came from News Corporation, Clearstone Venture Partners, IDG Ventures Asia, Mayfield Fund, NBC Universal's Peacock Equity Fund and Jarl Mohn. The new funding brings Rubicon's total funding to $60M.

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

Both Sides of the Table

He eventually applied his lessons learned in these experiences when he founded Zag, a company that helps consumers buy cars over the Internet at pre-negotiated prices with nearly 4,000 dealers across the country [disclosure: my firm GRP Partners is an investor in Zag]. Incubated by Clearstone Ventures in 2008. a fbFund winner.

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