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Clearstone Tops CalPERS IRR List

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Topping the list of IRR investments was Clearstone Venture Partners I-B, L.P. , a 1999-vintage fund from Santa Monica-based Clearstone, which had an IRR of 154.7 Second on the returns list was Avalon Ventures VIII, L.P. percent IRR for the La Jolla fund, vintage year 2007.

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Clearstone Backs Games2Win

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Santa Monica-based Clearstone Venture Partners has upped its investment in Mumbai, India-based Games2Win , an online developer of casual and other games. Rajan Mehra of Clearstone Ventures joins the board of directors of Games2Win along with the funding. Clearstone's efforts in India are run by Sumant Mandal and Rajan Mehra.

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Clearstone Backs CupidsPlay.com

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Santa Monica-based venture capital firm Clearstone Ventures has backed a developer of an online social dating and games firm, CupidsPlay. Financial details of the investment were not disclosed. CupidsPlay said it received seed funding from Clearstone. CupidsPlay is based in Bellevue, Washington. READ MORE>>.

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Clearstone Ventures Into Apture

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Santa Monica-based Clearstone Venture Partners is the lead investor in a Northern California firm focused on the blogging and publishing industry, Apture. David Stern and Sumant Mandal of Clearstone have joined Apture's board along with the funding. Tags: ventures blogging content venture clearstone capital publishing apture.

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This Week in VC with Jim Armstrong of Clearstone

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Had a great chat with Jim Armstrong who is a General Partner at Clearstone Venture Partners today on TWiVC. Clearstone currently invests out of a $200 million fund based in LA with offices in Menlo Park and in India. Segment One: Jim’s background and Clearstone’s investment strategy.

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Clearstone's Sumant Mandal On Exits, Opportunities

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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 meaningful for the venture industry as a whole, because if you're investing in Series B, C, or D round investments, these are not meaningful. It's not a revenue multiple sale.

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Insights and Opinions: A VC's Comments On Investing and Startups in LA

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Yesterday, Tom Tierney of the Tech Coast Angels responded with his own thoughts on the subject, and today, we have a few comments from Jim Armstrong , Managing Director at Clearstone Venture Partners. And while I generally agree and give similar advice, here are three anecdotes or truths about SoCal investing and startups that contradict.