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Internet Brands 2009 Acquisition Total: $24.2M

socalTECH

Los Angeles-based Internet Brands revealed it spent $24.2M in acquisitions, earnout, and holdbacks during 2009, as part of its 2009 fiscal results release. Internet Brands said it had net income of $4.3M million in January. million in January. in the fourth quarter on revenues of $27.7M.

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Angel Investing - Demystified

SoCal Tech Calendar

Wednesday, September 23, 2009 -- Angel Investing - Demystified. In the current economic and venture capital climate, angel investment is an increasingly important component of the start-up capital structure. See [link] (more).

Invest 100
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What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

Gross Burn vs. Net Burn. Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Net burn is the amount of money you are losing per month. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

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Boingo Wireless Files For IPO

socalTECH

Los Angeles-based Boingo Wireless , the operator of a global Wi-Fi hot spot network, has filed for an IPO, saying Friday afternoon that it is looking to raised up to $75M in an IPO. The firm reported it had net income of $1.4M on revenues of $65.715M for 2009, and net income of $5.67M on revenues of $59.0M

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GameFly Files For IPO

socalTECH

Los Angeles-based GameFly , which operates an online video game rental service, has filed for a $50M in an IPO on the NASDAQ Global Market. The firm reported it had net income of $2.97M on revenues of $47.68M for the six months ended September 30, 2009. For its fiscal year ended March 31, 2009, it had net income of $4.0M

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Green Dot Files For IPO

socalTECH

Green Dot is venture backed by Sequoia Capital, TTP Fund, as well as a significant number of Tech Coast Angels. The firm reported net income of $37.16M on revenues of $234.8M Tags: green financial prepaid merger acquisition tech coast angels. Green Dot is headed by Steven Streit.

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RealD Revenues Up

socalTECH

Los Angeles-based RealD , the provider of 3D movie projection technology, has reported its quarterly results today, saying it had net revenues of $65.3M For the six months ending September 24th, the firm's first half fiscal 2011, the firm had net revenues of $129.8M, more than double the $64.2M in revenues.