Cal Net Technology Group Acquires inhouseIT

socalTECH

Chatsworth-based Cal Net Technology Group , a provider of IT support services, has acquired Orange County-based b> inhouseIT , according to Cal Net Technology's investors, including Boathouse Capital and Olympic Valley Capital. Cal Net Technology Group had quietly announced the deal to its customers at the end of July. Financial terms of the acquisition were not disclosed. Cal Net Technology's CEO is James Hwang.

.Net 122

Bluebeam Nets Local Angel Groups 20X Return

socalTECH

Local angel groups have hit the jackpot again with an investment, this time with the October acquisition of Pasadena-based Bluebeam in a $100M deal by German software company Nemetschek AG. pasadena angels exits venture capital angel investment bluebeam tech coast investors greendot gdot The Tech Coast Angels and the Pasadena Angels revealed today that their return on Bluebeam was 20x for angels who participated in funding Bluebeam.

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Demand Media Nets $77.2M From IPO

socalTECH

in net proceeds from the firm's IPO last week. The firm, which debuted on the NYSE as DMD, said it will use the new funding for investments in content, international expansion, working capital, product development, sales and marketing activities, general and administrative matters and capital expenditures. demand media exit merger acquisitionSanta Monica-based Demand Media said this morning that it received approximately $77.2M

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Super League Gaming Heads For IPO

socalTECH

The company--which hopes to list as SLGG on the Nasdaq Capital Company--said it had a net loss of $20.62M for the year ended December 31, 2018, on sales of $1.04M. The company's IPO is being underwritten by Northland Capital Markets, Lake Street, and National Securities Corporation. super league gaming merger acquisition esports community

YP Holdings Acquired By Dex Media

socalTECH

Financial details of the acquisition were not announced, however, DexYP says the combined company will have pro forma net revenues of more than $2 billion in 2017. YP.com had been owned by private equity investor Cerberus Capital Management. yellowpages local search directory merger acquisition media

Media 182

j2 Global Completes $650M Fundraising Effort

socalTECH

Los Angeles-based j2 Global says it has completed its previously announced, $650M offering of senior unsecured notes, in a private placement, which nets the company $636.4M j2 Global is using the new funds to pay off an existing credit facility, and also for general corporate purposes, which it says may include more acquisitions. fnding debt plaement private investment capital venture senior global

.Net 125

Wazee Digital Acquired By Veritone

socalTECH

Wazee Digital had net revenues of over $19M in 2017, according to the companies. Wazee Digital was advised by Waller Capital Partners in the deal; Veritone was advised by GCA Advisors. wazee digital veritone merger acquisition artificial intelligence video management licensing denver coloradoCosta Mesa-based Veritone said Monday that it has acquired Denver-based Wazee Digital , a provider of cloud-based video management and licensing services.

.Net 100

OpenX Revenues Rise To $172M

socalTECH

Los Angeles-based advertising exchange and technology developer OpenX said on Tuesday that its net revenues rose to $172M in 2017, as it saw 20 percent growth in its revenues for the fourth quarter. openx cadogan venture capital revenues private merger acquisition advertising adtech exchange

OpenX 100

Sonos Files For IPO

socalTECH

The IPO is being underwritten by Morgan Stanley, Goldman Sachs & Co, Allen & Company, RBC Capital Markets, Jeffries, KKR, Raymond James, and Stifel. The company had a net loss of $14.2M electronics nasdaq exit acquisition merger speaker sono sonos

Vizio Files For IPO

socalTECH

The IPO is being underwritten by BofA Merrill Lynch, Deutsche Bank Securities, Citigroup, BMO Capital Markets, Piper Jaffray, Wells Fargo Securities, and Roth Capital Partners. Vizio reported net income of $44.9M billion in net sales for 2014. vizio television consumer electronics merger acquisition exitIrvine-based consumer electronics giant Vizio has filed for an IPO, saying in a filing Friday that it is looking to raise up to $172.5M in a public offering.

.Net 125

Media Temple Parent GoDaddy Files For IPO

socalTECH

Morgan, Citigroup, Barclays, Deutsche Bank Securities, RBC Capital Markets, KKR Capital Markets, and Stifel. The company reported a net loss of $131M for 2013, on revenues of $1.13 godaddy mediatemple merger acquisition exit hosting premium 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.

Media 142

Veritone Raises $33M In IPO

socalTECH

in net proceeds related to the IPO. The IPO was managed by Wunderlich, along with Craig-Hallum Capital Group and Northland Capital Markets. veritone merger acquisition chad ryan steelberg dmarc broadcasting veri exit acaciares acacia researchNewport Beach-based Veritone , a developer of artificial intelligence and analyics software, has raised $33.0M in is IPO on the NASDAQ.

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Snap's Big Winners: Spiegel, Murphy, Laskey, Benchmark, Lightspeed

socalTECH

Obviously, co-founders Evan Spiegel and Bobby Murphy both have instantly been catapulted into the ranks of billionaires, with a net worth of $3.58 Other big winners are venture investors Benchmark Capital , and General Partner Mitch Laskey , with just over $2.0 snapchat evan spiegel bobby murphy mitch laskey benchmark lightspeed exit merger acquisition snap snapincWho are the big winners after the IPO pricing of Venice, California-based Snap Inc. on Wednesday afternoon?

Venice 132

Broadcom Buys Provigent For $313M

socalTECH

Broadcom said it will pay approximately $313M, net of cash assumed, to acquire Provigent. The company said that the acquisition will expand its portfolio to more thoroughly address the microwave backhaul equipment market.

.Net 164

Western Digital Buys Virident For $685M

socalTECH

Irvine-based Western Digital is making a big acquisition this morning, saying that it is paying approximately $685M in cash to acquire flash storage maker Virident. Globespan Capital Partners, Intel Capital, Mitsui & Co, Seagate, Sequoia Capital, Spansion, and others. WD said it was advised by RBC Capital Markets in the deal, with Virident advised by BofA Merrill Lynch. hgst data pcie storage flash exit acquisition merger digital western

.Net 144

Boingo Wireless Files For IPO

socalTECH

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 New Enterprise Associates, founder Sky Dayton, Steelpoint Capital, and Sternhill Partners. communications telecom wifi acquisition merger wireless boing

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Frank Addantes FounderBlog: 3. Virtual Location, Location, Location

Frank Addante

► August (3) Venture Capital - What's the rush? StrongMail Systems (Digital Messsaging Infrastructure Software) Status: VC-backed (Sequoia Capital, Globespan and Evercore) Lesson: Trust your gut. Internet Advertising ASP) Exit: $112M IPO and acquisition Lesson: Think big.

ASP 52

Obalon Sets IPO Pricing Range

socalTECH

The company is selling 5,000,000 shares of its common stock, which would net it $92.0M The company has not yet set an anticipated IPO date, in what has been a busy exits and acquisition year for Southern California's technology companies. Obalon is venture backed Domain Partners, InterWest Partners, Bader Sultan & Bros, and Okapi Venture Capital. obalon therapeutics biotech merger acquisition obln weight loss medical device lifescience okapi

LegalZoom Files For IPO

socalTECH

The firm's IPO is being underwritten by Morgan Stanley, BofA Merrill Lynch, Stifel Nicolaus Weisel, RBC Capital Markets, William Blair, and Montgomery & Co. LegalZoom reported net income of $12.1M legalzoom merger acquisition exitGlendale-based online legal documents marketplace LegalZoom filed for an IPO Friday, saying that it is looking to raise up to $120M on the New York Stock Exchange as "LGZ".

THQ Seeks Buyer As Sales Slip

socalTECH

THQ said it has hired an investment banker to help it consider "strategic alternatives", in hopes of raising additional capital to bring a number of titles to market. The announcement came as the firm announced net sales of $107.4M The firm also reported a net loss of $21.0M. In a release, THQ Chairman and CEO acknowledged that the game maker "faces a number of opportunities and challenges" due to needing to operate with limited capital resources.

THQ 131

Broadcom Buys Dune Networks

socalTECH

Irvine-based semiconductor giant Broadcom is making another acquisition, saying Monday afternoon that it has signed a definitive agreement to acquired Dune Networks , a developer of switching fabric products for the data center networking market.

Snap's Big Winners: Spiegel, Murphy, Lasky, Benchmark, Lightspeed

socalTECH

Obviously, co-founders Evan Spiegel and Bobby Murphy both have instantly been catapulted into the ranks of billionaires, with a net worth of $3.58 Other big winners are venture investors Benchmark Capital , and General Partner Mitch Lasky , with just over $2.0 snapinc snap acquisition merger exit lightspeed benchmark laskey mitch murphy bobby spiegel evan snapchatWho are the big winners after the IPO pricing of Venice, California-based Snap Inc. on Wednesday afternoon?

Venice 100

Broadcom Buys Percello

socalTECH

Broadcom said it would pay $86M net of cash to acquire Percello, in a combination of cash plus employee stock options. in earnout for former holders of Percello's capital stock. The firm said the acquisition will help it accelerate its time to market for femtocell technology.

.Net 151

What’s the minimum information to give your investors?

Berkonomics

These include election or re-election of board members if required by the bylaws of the corporation, approval of any increases to stock option plans (which would dilute the worth of shares outstanding,) and approve any additions to the capital stock authorized to be issued.

Class 156

Active Network Files For IPO

socalTECH

The firm's IPO is being underwritten by BofA Merrill Lynch, Citi, Allen & Company LLC, Stifel Nicolaus Weisel, RBC Capital Markets, ThinkEquity LLC, and WR Hambrecht+Co. The firm said it had a net loss of 37.8M in 2009, and a net loss of $18.18M on revenues of $188.5M espn community online registration sports acquisition merger network activeSan Diego-based Active Network has filed for an IPO, saying in its S-1 that it is looking to raise up to $150M.

Peregrine Semiconductor Updates IPO Filing

socalTECH

San Diego-based Peregrine Semiconductor , the developer of CMOS RF integrated circuits, updated its S-1 filings Friday, saying that it had a net loss of $1.0M That compares with net income of $1.0M Pacific Crest Securities , and RBC Capital Market. peregrine semiconductor merger acquisition earningson revenues of $21.2M for the three months ended March 26, 2011. on revenues of $22.9M for the similar quarter in 2010.

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Mindbody Moves Closer To IPO, Sets IPO Trading Range

socalTECH

Mindbody is selling 7,150,000 share of its stock in its IPO, which would net $123.3M The company is venture backed by Bessemer Venture Partners, Catalyst Investors, Institutional Venture Partners, W Capital Partners, and J.P. Morgan, along with the Tech Coast Angels, Frontera Capital, and the Pasadena Angels. mindbody software merger acquisition spas weleness saas cloud

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. So if your costs are $500,000 per month and you have $350,000 per month in revenue then your net burn (500-350) is equal to $150,000. I often see companies burning $100,000 per month (net) looking to raise $6-8 million. Availability of Capital.

Why Google Fiber? Moat-widening Endeavor & Future of Computing.

Tech Zulu Event

The first half of the value chain is far more capital-intensive, so they weren’t able to move into those layers until the company grew and matured. ISP executives have publicly spoken about violating net neutrality. In a world without net neutrality, the ISPs will gouge Google.

Cornerstone OnDemand Files For IPO

socalTECH

Barclays Capital, William Blair & Company, Piper Jaffray, Pacific Crest Securities, and JMP Securities. Cornerstone OnDemand--which is headed by Adam Miller--is venture backed by Bay Partners, Bessemer Venture Partners, and Meritech Capital. According to the S-1, the firm had a net loss of $8.3M Tags: software saas exit acquisition merger ondemand cornerston

Kythera Files For IPO

socalTECH

Leerink Swann, and Lazard Capital Markets. The firm reported a net loss of $11.1M kythera biopharmaceuticals biotech medicine reduction merger acquisition exitCalabasas-based KYTHERA Biopharmaceuticals , a developer of biopharmaceuticals for the aesthetic medicine market, has filed for an IPO. According to the firm's S-1 filing, Kythera is looking to raise up to $86.25M on the NASDAQ Global Market as KYTH. The firm's offering is being underwritten by J.P.

Maximize Your Exit By Not Selling Your Company

InfoChachkie

Although this is a somewhat unusual real estate transaction, it reflects a surprisingly common scenario in the business world of mergers and acquisitions, with one important distinction. A version of this article previously appeared in Forbes.

Ceres Files For IPO

socalTECH

and Barclays Capital. The firm said it had a net loss of $22.5M ceres merger acquisition biofuel cleantech feedstock clean energy fuel agriculture exit cere

ServiceNow Files For IPO

socalTECH

ServiceNow is venture backed by JMI Equity and Sequoia Capital. The firm reported a net loss of $6.6M servicenow merger acquisition cloud saas exitSan Diego-based ServiceNow , the developer of cloud-based, enteprise IT automation software, filed for an IPO Friday, saying that it is looking to raise up to $150M in an IPO on the NYSE. ServiceNow said has applied to trade as NOW.

.Net 109

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 Monrovia-based Green Dot , a provider of pre-paid VISA and Mastercard cards, has filed for an IPO, saying this morning that it is looking to raise up to $150M in an IPO on the NYSE. The firm's IPO is being undewritten by J.P.