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MySpace Startups: Startups From MySpace Vets

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Los Angeles-based MySpace has been among the most visible of Southern California's Internet era success stories, although the site--now owned by News Corporation--has had its own share of ups-and-downs, as well as questions about its future. Here are four startups of them, and what they're doing: Demand Media. www.demandmedia.com).

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MaestroDev, Winston Damarillo's Latest Firm, Uncloaks At JavaOne

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Manhattan Beach-based MaestroDev , a firm developing Java build, test, and release tools for the software development community, has uncloaked at the JavaOne conference, exposing the latest firm started by GlueCode founder Winston Damarillo. He's currently heading up Morphlabs , which shares the same address as MaestroDev.

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Four of Southern California's Cloud Computing Startups

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Here are a number of Southern California startups who are making waves in the cloud computing, as mined from our subscription venture capital database. Funding: $25.5M, from Benchmark Capital, BV Capital, and New Enterprise Associates [ Profile ]. Funding: Mission Ventures [ Profile ]. Eucalyptus Systems.

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myIDkey Now Has Over $360K For Security Device Project

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Aliso Viejo-based Arkami, one of the startups in OCTANE's Launchpad Accelerator, has just zoomed past $360,000 in funding commitments on the crowdfunding site Kickstarter, according to the firm's myIDkey project page. READ MORE>>.

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Nirvanix Shuts Down, Gives Mere Two Weeks To Customers

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San Diego-based cloud storage firm Nirvanix is shutting down, and has given its customers only two weeks to move their data elsewhere, in a stunning flameout for the venture backed startup. Nirvanix had started life as a competitor to Amazon S3, but in recent years had shifted its focus to supplying cloud storage to enterprises.

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ProQuo Shuts Down

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La Jolla-based ProQuo , a venture-backed startup helping consumers manage and reduce junk mail, has quietly shut down, according to reports. ProQuo was venture backed by Mission Ventures and Draper Fisher Jurvetson, and had raised around $15M in funding. The shutdown was first noted by Xconomy. READ MORE>>.

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SoCal Gets $739M In Venture Capital In Q2

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in funding, and San Diego $198.18M in investments. Quarter to quarter, investments were up from Q1, when $585M was invested in the region. Investments were slightly down from Q2 of 2010, when the region saw $856M in funding. Nationally, venture capitalists invested $7.5M raised for the quarter. Los Angeles had $222.5M