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Demand Media Loses CFO As Revenues Decline

socalTECH

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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Special Report 2069: Predicting the Internet’s Next 50 Years

Xconomy

Join Xconomy and World Frontiers Forum on July 16 for Net@50 , an event exploring the internet’s past and future. Back in 2014, on the occasion of the 25th anniversary of Tim Berners-Lee’s seminal paper proposing the World Wide Web, the Pew Research Center asked an. Because if we could, we’d all be bankrupt.

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

Both Sides of the Table

” in 2014 the data seems pretty conclusive because LA has now become the fastest growing tech startup region by numbers of companies being started and those of us here have noticed this pace accelerating. billion in venture capital to LA’s technology startups and 2014 will shatter that figure. for $565 million to Excite.

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500 Startups Presents Bitcoinference

Tech Zulu Event

Bitcoin has had a rough start to the year (to say the least) – with a never-ending news feed consisting of massive bankruptcy , scandal stories, and car chase media fiascos. To comment on the rocky state of Bitcoin affairs in the last 30 days, does Dan believe we’re past the worst of a media firestorm? Setting Up 2014.

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Should Entrepreneurs Grow Revenue Or User Count?

Startup Professionals Musings

Its only been in the last 10 years that social-media companies, such as Facebook and Twitter, have achieved market valuations in billions of dollars, while clearly sacrificing revenue to gain users. Most modern investors still look for a business model that embodies a gross margin over 50 percent and a net margin in the 20 percent range.

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What Should You Do with Your Crappy Little Services Business?

Both Sides of the Table

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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Tech Titans Peter Thiel, Matt Jacobson, Cameron and Tyler Winklevoss, Mich Mathews, Elon Musk Buy Homes in Los Angeles

SoCal Delicious

There is a feeling that techies are the new celebrities," says Eric Kuhn, an agent who heads the social-media department at United Talent Agency. These days, there are more Internet guys at the Vanity Fair Oscar party than traditional media players.". areas are growing at a faster rate. than in other parts of the city.