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Interview with Fouad ElNaggar, Redpoint Ventures

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It would be interesting to hear about where your interests are nowdays, there was a rumor Redpoint had backed off activity here lately. Thanks!

Redpoint Ventures Closes $400M Fund

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Venture capital fund Redpoint Ventures , which has an outpost in Los Angeles, has some new cash in the bank, after announcing $400M in a new fund today, Redpoint V. The firm--which has investments in such local companies as Gravity, Chill, Sonos, and Machinima--said the new fund will go towards early stage investing.

The Challenges (& Opportunities) of Starting a Tech Company in LA

Jason Nazar

But I thought I’d take some more time here to expand on what I think are the challenges, and opportunities, of starting a tech company in LA.

Can The Next Big Tech Company Be Built In LA?

Tech Zulu Event

During Twiistup 8 a panel moderated by Jason Nazar (DocStoc) and joined by panelist David Travers (Rustic Canyon), Brian Norgard (Namesake), Fouad ElNaggar (Redpoint) and Demian Sellfors (Media Temple), spoke about if the next big tech company could be built in Los Angeles? Visit TechZulu for full story.

Former LA VC Gets Backing For Enterprise Alerting, Micro Apps Startup

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Fouad ElNaggar , a former venture capitalist who had been responsible for the Los Angeles office of Redpoint Ventures, has scored funding for a new startup, Sapho. ElNaggar was in Redpoint's LA offices from 2005 until 2011, and had stints on the boards of Machinima and Hark, among other companies. Sapho is in Silicon Valley.

CIO 2

Jaunt Finds $65M To Open VR Studio In Los Angeles

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Jaunt specifically said the funding goes to help with the opening of a new location in Los Angeles, which will serve as a virtual reality studio for the company. READ MORE>>. jauntvr jaunt virtual reality content hollywood film cinema cinematic videos venture capital

BetterWorks Shutting Down On May 31st

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According to an email from Craig, the company decided to close down the BettterWorks perk platform, and will not longer be active after next Thursday. BetterWorks--and Paige Craig--have been one of the companies driving the growth in Santa Monica's Silicon Beach. BetterWorks had raised $10M in funding from Redpoint Ventures.

Machinima Gets $24M, But Chops Staff

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along with Redpoint Ventures, MK Capital, Coffin Capital and Allen DeBevoise. However, the company also made some big cuts in its staff on Friday, following the funding round. The company has now raised nearly $100M in funding over its lifetime. READ MORE>>. investment employment jobs layoff warner capital venture machinima

True(X) Media Finds $6M

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The online advertising technology provider said the funding came from prior backers Jafco Ventures, Pinnacle Ventures, Norwest Venture Partners and Redpoint Ventures. The company has now raised over $50.85M in funding since 2008. READ MORE>>. truex media socialcibe svnetwork venture capital online advertising technology

BetterWorks Adds Discovery, Advanced Ordering

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In addition, the company said it will now allow employees to make advanced order arrangements for food, specifying the day/hour of delivery for orders directly from the site. BetterWorks has been growing its staff since an $8M funding round announced at the beginning of August; the firm's funding was led by Redpoint Ventures.

Los Angeles Startup Community

SoCal CTO

LA Tech Survival Guide A Tale of Two Tech Cities – Silicon Valley vs. Los Angeles Guide to the LA Startup Community Why You Should Start a Company in. I was just talking with someone who's new to Los Angeles and wanting to connect into the Los Angeles Startup Community. As is usual, I couldn't remember where I had seen those posts.

Southern California Startups Raise $761.12M in Q2 2014

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True Ventures and Redpoint Ventures both had 3 investments each. billion invested in companies across the nation, which PwC and the NVCA said was the highest level since Q4 of 2000. The numbers are based on data provided to the two by Thomson Reuters. According to the report, there was $472.15M invested in Los Angeles, $222.4M

Machinima Raises $3.4M

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Source of the new funds have not yet been announced by the company. Machinma is venture backed by Redpoint Ventures, MK Capital, and others. Los Angeles-based Machinima , which operates a video entertainment network for video gamers and develops associated animated content tools, has raised $3.4M as part of an ongoing, $5.0M

BetterWorks Gets $8M

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According to the firm, the round was led by Redpoint Ventures, and will go towards hiring, expansion, and continued development of its platform. The round brings the company's total raised to $10M. As part of the funding, Redpoint's Satish Dharmaraj joins the company's board of directors. READ MORE>>.

Los Angeles Startup Community

SoCal CTO

LA Tech Survival Guide A Tale of Two Tech Cities – Silicon Valley vs. Los Angeles Guide to the LA Startup Community Why You Should Start a Company in. I was just talking with someone who's new to Los Angeles and wanting to connect into the Los Angeles Startup Community. As is usual, I couldn't remember where I had seen those posts.

Sonos: Our Time Is Now

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In an email to the company''s supporters and fans, Sonos , the developer of the easy-to-use, wireless whole home music systems, said that the company is looking to bring its vision--to fill every home with music and make listening a valued experience again--to the world via its Super Bowl ad , which debuted Sunday during the big game.

Topspin Ties With MTV On Artists.MTV

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The companies said that Artists.MTV will be open to all levels of musicians, and will give musicians access to MTV, VH1, and CMT's audience of 600 plus million TV viewers and 60 million online viewers. Topspin, which is led by Ian Rogers, the former GM of Yahoo Music, is venture backed by Redpoint Ventures and The Foundry Group.

Impact Radius Scores $6M

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The round was led by Redpoint Ventures. As part of the funding, Redpoint's Greg Martin joins the company's board of directors. Tags: impact radius venture capital startup advertising performance executive redpoint READ MORE>>.

Interview with David Aronchick, Hark

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Last week, we talked with Fouad ElNaggar of Redpoint Ventures about some of the interesting companies in Southern California.

Report: WebVisible Shuts Down

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The company has not yet confirmed the shutdown, however, founder and CEO Kristen Mangers had left the firm in January in 2011. WebVisible had raised over $37M in venture capital, from such investors as Adams Street Partners, Redpoint Ventures, and Sutter Hill Ventures. READ MORE>>.

Chill Gets $1.5M

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The site--which was originally a project of Namesake--gained funding from Kleiner Perkins Caufield & Byers, Redpoint Ventures, Atlas Venture, Paul Kedrosky, and Michael Arrington of TechCrunch. The funding was reported first by TechCrunch, due to Michael Arrington's investment involvement in the company. READ MORE>>.

Topspin Adds Discounts For Multiple Accounts

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Topspin said its new discounted accounts make it easier for labels, marketers, and other companies to get their clients on board its platform. Topspin is headed by former Yahoo Music GM Ian Rogers, and backed by Foundry Group and Redpoint Ventures. READ MORE>>.

Jaunt, USC Link On Virtual Reality Lab

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According to the two, the University of Southern California School of Cinematic Arts is opening up a new virtual reality incubator called the Jaunt Cinematic Virtual Reality Lab. The new lab will be powered by VR cameras donated by Jaunt, and also will include future research, development projects, and internships for students. READ MORE>>.

2tor Gets $10M Line Of Credit

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2tor--which maintains an office in Los Angeles near USC--is venture backed by The Hillman Company, SVB Capital, WestRiver Capital, Bessemer Venture Partners, Highland Capital, Redpoint Ventures, Novak Biddle Venture Partners and City Light Capital. READ MORE>>. 2tor education venture capital credit line finance online school courses

Tastemade Raises $40M

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Santa Monica-based food content and programming startup Tastemade has raised $40M in a Series D funding, the company announced this morning, to further expand its content channels. Tastemade has now raised around $80M in total funding. READ MORE>>.

Chill Adds Private Chat, Social Game Features

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Chill is venture backed by Kleiner Perkins Caufield & Byers, Redpoint Ventures, Atlas Venture, Paul Kedrosky, and Michael Arrington of TechCrunch.

Machinima, Lionsgate Renew Deal

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The companies said the first season of the series had 14 million views. The company is venture backed by MK Capital and Redpoint Ventures. Machinima , the online video entertainment firm focused on gamers, and studio Lionsgate , said today the two have renewed a deal around Machinima's zombie comedy series "Bite Me."

Sonos Raises $130M In New Funding

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No details of the funding have yet been announced by the company. According to the filing, eight investors participated in the new funding for the company. and Redpoint Ventures. The company last raised a round worth $135M in 2012. READ MORE>>. sonos venture capital funding audio system streaming

Los Angeles Venture Investors Get Their Mojo Back

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For several years, the phrase "Los Angeles Venture Capitalist" had almost become an oxymoron. READ MORE>>. investment investor capital venture angele

What Mattered in 2010: Greg Martin, Archer Venture Capital

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left a great firm, Redpoint Ventures (after 11 years), to start a new firm, Archer Venture Capital. 2010 was a momentus year for me personally.

Veteran LA law firm opens a Silicon Beach office and launches a pro-bono “Precelerator”

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SocialVibe Names Tappin As New CEO

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Tappin was previously COO and CFO at the company. SocialVibe is venture backed by Norwest Venture Partners, Redpoint Ventures, Jafco Ventures and Pinnacle Ventures. Los Angeles-based SocialVibe , which provides online, social advertising to brands, said today that it has named Todd Tapping as its Chief Executive Officer. READ MORE>>.

SocialVibe Gets $20M More

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The funding was led by Norwest Venture Partners, and also included Redpoint Ventures, Jafco Ventures, and Pinacle Ventures. Jeff Crowe of Norwest Venture Partners joins the company's board as part of the funding. The company said the new funding will go towards growth efforts. SocialVibe is headed by Jay Samit. READ MORE>>.

Study: $48 Billion In Value Created Over 15 Years In SoCal IT VC-Backed Firms

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A new study of the financial outcomes for Southern California venture-backed companies in the IT sector finds that approximately $48 billion in value has been created by those companies over the period 1995-2009. Funk then focused the analysis on the 731 documented exits for the period 1995-2009.

Mission Ventures' Lee Departs For Stealth Startup

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Lee was involved in Mission's investments in SodaHead, Access 360 Media, and Active Storage, among other companies. Lee has previously served in associate and intern roles at Riordan, Lewis & Hayden and Redpoint Ventures, and prior to that was at Cisco Systems. Lee has not yet announced what he his new startup is up to.

Luxe Valet Raises $20M

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The funding came from Redpoint and Venrock, and also included the company''s prior investors, including Google Ventures, Sherpa Ventures, Lightspeed Venture Partners, Foundation Capital, and Data Collective, according to the report. Luxe Valet is also backed by LA''s Upfront Ventures, which was not mentioned in the report. READ MORE>>.

TrueX Media Acquired For $200M, Says Report

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Los Angeles- and New York-based video advertising company TrueX has been acquired by 21st Century Fox , according to a report from the WSJ this morning. TrueX was previously known as SocialVibe, and is venture backed by Jafco, Norwest Venture Partners, Pinnacle Ventures, and Redpoint Ventures. The deal is reported to be worth $200M.

Looking At LA's Technology Future with Derek Norton

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First off, talk about your involvement in some of the companies here, and also explain your view of where Los Angeles is going in the technology world?

SRCH2's Plan to Arm The World With Enterprise Search Technology

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They all went on to start a whole bunch of big companies, and Chen was among those. What is SRCH2? That means, we search as you type. Thanks!

TasteMade Aims To Be The Next Food Network, But Online

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The firm did not say it directly, but it is looking at the huge success that cable television''s Food Network--owned by Scripps and the Tribune Company--gained by riding the rise of cable television in the 1990''s. TasteMade is backed by Redpoint Ventures, and announced $5.3M in a Series A funding round last month. READ MORE>>.