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BetterWorks Shutting Down On May 31st

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In what is a huge blow to Silicon Beach, Santa Monica-based BetterWorks , the software-and-technology-meets-employee-perks startup run by Paige Craig, told its users today that it is sunsetting its site on May 31st. BetterWorks had raised $10M in funding from Redpoint Ventures. READ MORE>>.

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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. Hark is backed by Redpoint, and happens to be co-founded by Fouad. We spoke with David Aronchick , the CEO and co-founder of the firm to hear more about what it's up to. What's the story behind Hark?

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Gravity Gets $10.6M More For Real Time Personalization

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Santa Monica startup, Gravity --headed by former MySpace COO Amit Kapur--announced this morning that it has raised $10.6M The funding was led by GRP Partners, and also included Redpoint Ventures and August Capital. in a Series B financing round for its personalization technology.

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Chill Raises $8M More

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The firm says it now has over 18 million registered users, and that it will use the funding to accelerate development and distribution of its platform. The firm's other investors include Troy Carter, 500 Startups, Science Media, CrunchFund, Mike Jones and Redpoint Ventures. READ MORE>>.

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This Week in VC with Dana Settle of Greycroft Partners

Both Sides of the Table

Another topic we debated early in the program was “lean startup” vs. “ fat startup ” where we both took the obvious hedge and said “it depends.” But truthfully both Dana and I are more aligned with the lean startup principles and believe you only go FAT when you’ve really proved out your product / market fit. OTHER DEALS: 1.

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Topspin Links With College On Online Music Courses

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Santa Monica-based Topspin Media , the online music startup of former Yahoo Music GM Ian Rogers, said today that the firm has inked a deal with Berkleemusic.com, the online continuing education division of the Berklee College of Music, to partner on a set of online music courses. Topspin is backed by the Foundry Group and Redpoint Ventures.

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

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In the arms race of search technology, only the big guys -- Google, Microsoft -- seem to be able to keep up with all of the innovations in the space. We caught up with CEO Dev Bhatia --a serial entrepreneur who''s been involved with such companies at Hotsocket, Screaming Media (IPO), and Yoyodyne (acquired by Yahoo)--to learn more about.