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Green Dot: Tight Credit Driving New Customers

socalTECH

Pasadena-based Green Dot , the provider of prepaid credit cards which recently debuted on the markets, reported its quarterly earnings Thursday, saying that the tight financing environment continues to drive new customers to the company. The firm said it had net income of $4.6M for the three months ended June 30, 2010, up from $3.9M

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This Week in VC with Jim Armstrong of Clearstone

Both Sides of the Table

If this figure is accurate – it’s certainly a very large business even when you look at net revenues. 14mm in Series C; $25mm in Series B raised in March 2010; $44mm raised in total. Its net income for the 2009 period is $11.66 Net income was around $1.4 million, compared to a $7 million net loss in 2008.

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2009 Coming To A Close, 2010 Just Around The Corner!

Tech Zulu Event

As 2010 approaches, a whole new year of exciting start-ups, tech news, gadgets, and much more is ahead. We already have a jammed packed schedule for 2010. We already have a jammed packed schedule for 2010. Without all of you and your support, TechZulu could not be around today. Advertise and get noticed with us!

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What Should You Do with Your Crappy Little Services Business?

Both Sides of the Table

A great recent example of this was a successful group of entrepreneurs who had created a company that will do $10-12 million in revenue at their system integration business (read: services business) in 2011 after having done $5 million or so in 2010 and $2-3 million in 2009. That is $12 million in profits over 3 years.

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5 Reasons Why Businesses Still Love Microsoft

Tech Zulu Event

Every second, a copy of MS Office 2010 is sold, and a large number of those go towards corporate use. Microsoft Dynamics CRM has over 30,000 customers and 2 million users worldwide. Kinect for Xbox 360, released in November of 2010, sold 8 million units in the first 60 days of its release. That’s 133,333 units per day.

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Raising Seed Capital Now: 10 Tips

Tech Coast Venture Network

million in 2010. “The high-net-worth individuals [who] make up the angel universe tend to take extended vacations in the summer and the period between Thanksgiving and New Year’s,” says Jennifer Naylor, an angel investor with Golden Seeds in New York. million in 2010. million in 2010. Tell a story.

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Why Hearing “No” in a Fund-Raising Process is Actually Healthy

Both Sides of the Table

This is true of any buying process where a customer has to make a large investment decision on your software or when an investor must decide whether to give you $5 million. It conveyed urgency, it implored people to respect their own time as much as they respected customers’ time and it asked that people have the courage to face rejection.

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