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VC Seed Funding is Dead, Long Live VC Seed Funding!

Both Sides of the Table

A few years ago it became fashionable for large VC’s to do seed funding. With open source software (LAMP stack) and cloud computing infrastructure it just wasn’t that expensive to get your company going and founders just wanted to raise less money. What exactly is seed funding anymore?

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Numecent Raises $2M

socalTECH

Irvine-based Numecent , a stealth-mode, cloud computing firm run by Osman Kent, said yesterday that it has raised $2M as part of a Series A financing round. The firm said the tranche is part of a $10M, Series A funding round. Numecent said the new funding comes on top of an earlier, $7.5M READ MORE>>.

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The Changing Venture Landscape

Both Sides of the Table

And as a result of this there are now very robust secondary markets where founders and seed-funds alike are selling down their ownership long before an ultimate exit. Before Twitter he held similar roles at SuccessFactors (SaaS), Akamai (telecoms infrastructure), McAfee (Security Software) and was an investment banker.

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Interview with Winston Damarillo, Morphlabs

socalTECH

Morphlabs is a cloud computing company, part of a good cluster of firms that we now have in Southern California, including 3Tera in Orange County, and Eucalyptus in Santa Barbara. It's nice to see us covering all of these cloud-enabling types of technologies in Southern California for a change. What's Morphlabs?

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How Halla Is Using AI To Personalize Food, With Spencer Price

socalTECH

in seed funding, from E&A Venture Capital and SOSV. Spencer Price: Halla is the only software company to dynamically profile human tastes so we can help people make better choices. Where are you now in terms of deploying your software? The company has raised $1.9M What is Halla?

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It’s Morning in Venture Capital

Both Sides of the Table

Cloud computing and the open source movements have brought down the costs of starting a company by more than 90%. If you want to understand the details of why this is, I covered it in detail in this post, Understanding Changes in the Software Industry. This has led to the creation of incubators, accelerators and seed funds.