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Interview with Fouad ElNaggar, Redpoint Ventures

socalTECH

Redpoint Ventures is one of the venture capital firms which has straddled both Northern California and Southern California, with offices in both locations. It would be interesting to hear about where your interests are nowdays, there was a rumor Redpoint had backed off activity here lately. People can come in and have a coffee.

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BetterWorks Shutting Down On May 31st

socalTECH

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 had raised $10M in funding from Redpoint Ventures. BetterWorks--and Paige Craig--have been one of the companies driving the growth in Santa Monica's Silicon Beach.

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WebVisible Reports Big Hiring Plans

socalTECH

The big hiring push comes as the firm comes off a $20M, Series C venture funding round; the company also said it more than doubled its revenues in 2009 and is on a "robust" growth streak. WebVisible is venture backed by Focus Ventures, Adams Street Partners, Redpoint Ventures and Sutter Hill Ventures. READ MORE>>.

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Three Epic Startup Battles With SoCal Players

socalTECH

Funding: Around $4.0M. Funding: $12.8M. Backers: Charles River Ventures, Kinsey Hills Group, Redpoint Ventures. . Funding: Over $41.0M. Funding: $50.0M. Funding: $150.0M. Funding: $300.0M. Let us know in comments or email!). In the other corner: Scribd - Profile. HauteLook vs. Gilt Groupe.

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

Jason Nazar

In LA there has typically been a small handful of firms actively making investments in tech, they include: Rustic Canyon , GRP Parners , Clearstone Venture Partners , Redpoint Ventures , Mission Ventures , Anthem Venture Partners , Greycroft , Crosscut , Palomar Ventures , and Rincon Ventures. It’s a chicken and egg problem.

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