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Report: Fidelity Writes Down Investment in Snapchat

socalTECH

A report Tuesday in the Financial Times said that investment giant Fidelity has written its investment in Los Angeles-based Snapchat by 25 percent, citing data from a Morningstar report. Snapchat--arguably, the most visible "unicorn" startup in Southern California--had been valued at $15 billion in its last fundraising round.

Snapchat 100
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Clearlake Capital's Provation Medical Acquires MD-Reports

socalTECH

Santa Monica-based private equity investor Clearlake Capital said this morning that one of its portfolio companies, Provation Medical , has acquired MD-Reports , a provider of electronic medical record (EMR), practice management (PM), and report writing software. Financial details of the acquisition were not announced.

Report 100
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Startup Metrics

TechEmpower

These two questions/answers can help define the early proof points for your company. Next, define what you need from a metrics and reporting standpoint. Don’t overcomplicate things with reporting tools. Please write us at blog@techempower.com ! Don’t worry about scaling just yet. Apply costs to each channel.

Metrics 260
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Can you finance your company with grants?

Berkonomics

I am chairman of a company that, as I write this, is twelve years old and has not yet taken a dollar of outside investment. The company has been funded entirely by grants from the National Institute of Health, amounting to millions of non-dilutive dollars in all. Grant writing takes skill and immense amounts of time.

Company 166
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Why not share your liquidity success with those who got you there?

Berkonomics

So, you are close to selling your company, and counting the profits a bit early. Some companies, especially those financed by angel or VC investors, have good, formal stock option plans with properly priced options set to reward all employees and managers in the event of a corporate sale. Well, that’s human nature.

Sales 480
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Robb Report's Bill Curtis On Why Podcasting Is The Next Media Frontier

socalTECH

Curtis is the former publisher of the Robb Report, which he sold back in 2015, and has a long history of operating media companies that have published such titles as Home Office Computing, Home Theater, Mobile Computing, Worth, and many others. We have published 74 different magazine titles over the last 30 years. That was our plan.

Media 150
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As Quibi reportedly seeks another $1 billion, Fiction Riot fills the programming slate for its rival service

TechCrunch LA

The Los Angeles-based company has already launched a beta version of its streaming service, Ficto , and yesterday announced a host of new shows that will appear on the app later this year. The company is reportedly spending $5 million per hour of storytelling for some of its titles. Feist novels have sold over 20 million copies.

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