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A report today says that Napster , the online music service now owned by Best Buy, is being sold to Rhapsody. Los Angeles-based Napster was acquired by Best Buy in September of 2008 in a deal which was worth net value of approximately $54M. READ MORE>>.
A new report released today by Next 10 , a nonprofit, nonpartisan public policy group, says that Southern California--and California, as a whole--leads the green innovation, cleantech venture capital, and energy market. The report was compiled by research firm Colaborative Economics.
Los Angeles-based Boingo Wireless , the operator of a network of Wi-Fi access points, has reported its first quarterly results as a public company. The firm reported a net loss of $329,000, versus a net loss of $127,000 for Q1 last year. Boingo said it had revenues of $21.0M, up from $18.5M
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
The study found that about 70 percent of the startups spun of USC are still in business, and about roughly half of those startups have been located in Los Angeles County. READ MORE>>.
Green Dot is venture backed by Sequoia Capital, TTP Fund, as well as a significant number of Tech Coast Angels. The firm reportednet 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.
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>>.
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
Los Angeles-based Internet Brands reported its results Thursday, saying that the firm saw record revenues in Q2. According to Internet Brands, it had net income of $4.6M in net income on revenues of $23.2M in revenues, up from $2.5M in Q2 of 2009.
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.
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 in net income on operating revenues of $62.9M
Monrovia, California-based Green Dot , the provider of prepaid debit cards run by Steve Streit, reported in an updated S-1 filing with the SEC this week that it has issued 2,208,552 shares of its Class A stock to Walmart, as part of a renewed distribution deal with the retail giant signed in May. in net income it earned on $60.7M
Los Angeles-based RealD , the developer of 3D movie projection technology, released its results Thursday, saying its Q3 2011 revenues rose to $57.8M, up 91 percent from Q3 of of 2010, when it reported revenues of $30.2M. The firm had a net GAAP loss of $16.6M.
Tuesday, September 26, 2017 -- How To Get Your Startup Funded - Tips From Entrepreneur and Renowed Angel Investor Jason Calacanis. Jason Calacanis founded Silicon Alley Reporter, Weblogs Inc, Mahalo, and Inside.com. He turned down a $20 million offer for Silicon Alley Reporter. See [link].
Los Angeles-based RealD , the developer of 3D projection technology which is waiting in the wings for an IPO, revealed its latest year's result in an updated S-1 filing with the SEC last night. According to RealD, it had gross revenues of $189.08M for the year ended March 26, with a net loss of $39.7 for the year.
Cincinnati, like many startup communities in the US over the past 5 years, has revitalized important regions in its urban core, created accelerators, built co-working facilities, pooled together angel capital, attracted VCs, involved educational institutions and solicited the help of important corporations in a more cohesive ecosystem.
Summarizing income statements with a line for revenues, cost of revenue, general and administrative expenses, sales and other direct costs – all leading to net income, would satisfy the legal requirement for statement of income and expense.
Los Angeles-based J2 Global , the owner of such Internet publishing brands as IGN, Mashable, PCMag, Everyday Health, and also cloud services such as eFax, eVoice, KeepItSafe, and Livedrive, reported its quarterly results on Tuesday evening, saying that its quarterly revenues rose to a record of $299.9M.
In one of the biggest acquisitions out of Southern California's technology startup industry in recent years, Los Angeles-based Honey Science Corporation , which develops a savings discovery and price tracking tool, has been acquired by PayPal , in a deal worth approximately $4 billion.
The Facebook parent-company saw its stock price get bludgeoned after a bad earnings report showcased that Apple’s ad-blocking changes are shaving billions off its books and the company’s crown jewel — the Facebook platform — has stopped growing and actually shrank this quarter. Image Credits: Facebook. the big thing.
Los Angeles-based ZipRecruiter, a provider of recruiting tools for companies, has filed for an IPO, saying it is looking to raise as much as $100M in a public offering. The company reportednet income of 86.0M The company, led by founder and CEO Ian Siegel, plans to list on the New York Stock Exchange under the symbol ZIP.
Los Angeles-based online advertising technology developer Rubicon Project > has just passed the $100M mark, reporting yesterday that its 2014 year end revenues were $125.3M. The details came as the company released its fourth quarter results, where it reportednet income of $1.4M on revenues of $41.8M for the quarter.
When you seek professional investors, whether organized angels or venture capitalists, one of the early questions you are asked is “How have you financed the business so far?” Currently that standard requires a minimum of $200,000 in annual income or over one million in net assets, including the value of the investor’s principal residence.
All four companies were in Los Angeles (or adjacent … Santa Barbara) and our community has now matured and regularly produces billion dollar+ outcomes. Today they announced that they acquired a large competitor in their space for what is reported to be a $100 million transaction. The abundance of late-stage capital is good for us all.
My estimate is that the top 5 YouTube networks will do > $200 million net revenue in 2013 (after Google’s share). The news that Ynon Kreiz is joining to run the company as Executive Chairman was first reported by Peter Kafka at AllThingsD (and later picked up by Variety , AdWeek and several other traditional media outlets.
Los Angeles-based Internet Brands reported its quarterly results Wednesday afternoon, reporting that it saw 50 million monthly unique visitors to the firm's websites in June, up 35 percent from 37 million uniques in June of last year. The firm said its net income for the second quarter was $2.5M.
Los Angeles-based ZipRecruiter, a provider of recruiting tools for companies, has filed for a direct listing on the NYSE, saying it is looking to raise as much as $100M in a public offering. The company reportednet income of 86.0M on revenues of 418.14M for the year ended December 31, 2020.
Los Angeles-based Stamps.com reported its results Thursday, saying that the firm had net income of $1.0M on revenues of nearly $20.2M in Q2, essentially flat year to year compared with $1.3M in income on $21.4M in revenues for the similar quarter last year. in sales.
Let me start with the obvious baseline that most people probably know instinctively: Los Angeles is the 3rd largest technology startup ecosystem in the US. Many people don’t realize that the majority of the monetization of the Internet originated in Los Angeles but was perfected in Silicon Valley. LA By The Numbers.
LP’s who invest in funds are typically university endowments, public & private pension funds, insurance companies, large corporations and very high net worth individuals called “family offices.&# To give you an indication of how bad, for example, university endowments are suffering check out this chart. That’s OK.
Los Angeles-based online advertising technology provider OpenX said late Monday evening that the company has reached $140M in revenues, which it says is a record. The privately held company--which has not previously reported its revenue number publicly--said it doubled its revenue and tripled its profits in the last two years.
The issue with most companies that I saw, is that they are outside of technology, and they just don't have access to the traditional funding sources like angels and venture capitalists. All of those companies already raise capital, they just don't use the traditional venture capital and angel ecosystem. That's all they need.
When you seek professional investors, whether organized angels or venture capitalists, one of the early questions you are asked is “How have you financed the business so far?” Currently that standard requires a minimum of $200,000 in annual income or over one million in net assets, including the value of the investor’s principal residence.
It would not be a big stretch to image a well run service business like this making 15-25% net profit margins. Angel financing – just because VCs won’t back this kind of business doesn’t mean angels won’t. That is $12 million in profits over 3 years. In fact, that’s all that I fund as a VC.
When you seek professional investors, whether organized angels or venture capitalists, one of the early questions you are asked is “How have you financed the business so far?” Currently that standard requires a minimum of $200,000 in annual income or over one million in net assets, including the value of the investor’s principal residence.
Summarizing income statements with a line for revenues, cost of revenue, general and administrative expenses, sales and other direct costs – all leading to net income, would satisfy the legal requirement for statement of income and expense. Requirements created by investment documents.
According to an Ernst & Young report , the number of startups that have gone public in the US over the past decade is down about 75% from the previous decade, to about 10% of startup exits. Public companies of any size must comply immediately with the full reporting requirements of the SEC.
Most surprisingly, according to a report from the Kauffman Foundation , the highest rate of entrepreneurship in America has already shifted to the 55–64 age group, with people over 55 almost twice as likely to found successful companies than those between 20 and 34. Angel Investor.
Bockerstette, Main Street Venture Fund As I outlined last week, trophy angel investors are always looking for trophy entrepreneurs. Our board member monitors the company’s progress monthly and reports back to the members. Tags: entrepreneur investor angel successful funding business. By Joseph A.
Most surprisingly, according to a report from the Kauffman Foundation , the highest rate of entrepreneurship in America shifted about three years ago to the 55–64 age group, with people over 55 almost twice as likely to found successful companies than those between 20 and 34. Angel investor.
Last year, venture capitalists and angels who co-invested with them placed $7 billion into seed and early-stage deals, an 11 percent increase from 2009, according to the most recent PricewaterhouseCoopers/National Venture Capital Association MoneyTree report. Meet angels via the entrepreneurs they’ve funded. Be coachable.
Los Angeles By: Laura Rich February 26, 2010 It used to be, if you were serious about starting a tech company, you went to Silicon Valley. But lets face it, when you think of Los Angeles, Internet startups are not the first things that spring to mind. Thats not Los Angeles. RSS ); Why You Should Start a Company in.
These days, we all have to rely on a few trusted sources to digest and filter information, net out the relevant messages, and steer us with links to accurate details. These are both experienced entrepreneurs and angel investors. Here are a few that I aspire to: Venture Hacks , by Babak Nivi and Naval Ravikant.
One of the startups which is looking to tap into that growing community is Los Angeles-based InstaCanvas ( instacanv.as ), which is headed by Matt Munson. If we do have a report that a post is not their own, we have a two strike policy. It's been a net win. Basically, we have the same requirements that Instagram has.
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