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ReachLocal Tapped By UK Government

socalTECH

Woodland Hills-based ReachLocal , the provider of local online marketing services for small and medium sized businesses, announced this morning that it has been recognized by the British Government for its efforts in the UK. ReachLocal said it received the UKTI Business Innovation Award from UK Trade & Investment, as part of BritWeek.

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This Week in VC with Jim Armstrong of Clearstone

Both Sides of the Table

Clearstone currently invests out of a $200 million fund based in LA with offices in Menlo Park and in India. Segment One: Jim’s background and Clearstone’s investment strategy. We also talked about Elevation Partners who invested in Palm and how this deal really salvaged their investment, which was a VERY big bet on Palm.

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Some Thoughts on Branding Startups and Communities

Both Sides of the Table

Home of JPL (Jet Propulsion Laboratory), which helps put rockets into space. ReachLocal, founded by Zorik Gordon, publicly traded company helping small businesses across America use the Internet for marketing [Woodland Hills. IA Ventures – Roger Ehrenberg was doing angel investing before he became a VC.

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Twiistup 6 Highlights

Both Sides of the Table

In SoCal we are also leaders in affiliate marketing (Commission Junction), Internet video (Hulu) and bringing local businesses online (ReachLocal). We had an excellent opening panel on early-stage investing with Dave McClure (Founders Fund – NorCal), Brad Feld (Foundry Group, Boulder) and Andy Sack (Founders Co-Op, Seattle).

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Want to Start a Technology Company in LA?

Both Sides of the Table

LA generally doesn’t have an appetite for this kind of investment at early stages. Zorik Gordon is tearing it up at ReachLocal. We have started to build initiatives like Launchpad LA to help bring this community together and make it easier for first time entrepreneurs. LA investors are more pragmatic.

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Can You Really Build a Great Tech Firm Outside Silicon Valley?

Both Sides of the Table

When you’re one fund and have $600 million to invest it’s easier to take that kind of risk. LA generally doesn’t have an appetite for this kind of ‘swing-for-the-fences’ investment at early stages – and neither does your town. Zorik Gordon built & IPO’s ReachLocal.