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Demand Media Gets Second $100M+ Quarter

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Santa Monica-based online digital media publisher Demand Media keeps on getting bigger and bigger. The firm reported its latest quarterly results Tuesday, reporting $100.6M The company also reported net income of $0.7M for its quarter, which ended March 31, 2013. READ MORE>>.

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Media Temple Parent GoDaddy Files For IPO

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GoDaddy , the parent company of Los Angeles premium website hosting service Media Temple , has filed for an IPO--in the process, showing that the company paid $94.48M in cash for Media Temple. The company reported a net loss of $131M for 2013, on revenues of $1.13 READ MORE>>.

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Demand Media Loses CFO As Revenues Decline

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Santa Monica-based Demand Media said Monday afternoon that it has lost its CFO, Mel Tang, who the company said will depart at the end of the year. The announcement was made as Demand Media reported its third quarter 2014 results. Demand Media reported $41.3 ‌in revenues for the third quarter, down from $50.7M

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Why Online Video Just Took One More Big Step to Legitimacy

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Our industry just took one big step towards legitimacy with the hiring of renowned media exec Ynon Kreiz to run Maker Studios. You can’t change media consumption patterns easily. My estimate is that the top 5 YouTube networks will do > $200 million net revenue in 2013 (after Google’s share).

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Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

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billion 2013 figure) have been massive financings at Honest Company ($70mm), JustFab ($85mm), ZipRecruiter ($63mm) and lord only knows how much SnapChat has actually accumulated. He built & IPOd Demand Media. But our best Internet software engineers have historically been exported on a net basis to the Bay Area. ”).

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What Should You Do with Your Crappy Little Services Business?

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It would not be a big stretch to image a well run service business like this making 15-25% net profit margins. Well, let’s look at this exact situation: I don’t have access to their actual financial statements but let me make some reasonable assumptions. That is $12 million in profits over 3 years.

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How to Kick Start Your Community’s Startup Scene

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The problem that I’ve seen historically in cities like Los Angeles, San Diego or Seattle is that their historic high-net-worth individuals didn’t come from the tech startup world. It’s worth having a quick read of the first few paragraphs of their annual report. CincyTech today has $28.5

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