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Demand Media Nets $77.2M From IPO

socalTECH

Santa Monica-based Demand Media said this morning that it received approximately $77.2M in net proceeds from the firm's IPO last week. Demand's IPO offering was for 10,235,000 shares of common stock at $17.00 READ MORE>>.

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Demand Media Files For IPO

socalTECH

Santa Monica-based Demand Media , the online media firm run by Richard Rosenblatt, has finally filed for its long awaited IPO. Morgan Stanley, UBS Investment Bank, Allen & Company LLC, Jefferies & Company, Stifel Nicolaus Weisel, RBC Capital Markets, Pacific Crest Securities, Raine Securities, and JMP Securities. READ MORE>>.

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Cornerstone On Demand Updates S-1

socalTECH

Santa Monica-based Cornerstone On Demand , which recently filed for an IPO on the NASDAQ Global Market as CSOD, has updated its IPO filings documents with the SEC. The firm's latest S-1 shows that the firm had revenues of $32.572M for the nine months ended September 30th, and had a net loss of $31.4M, due to an accounting charge of $24.0M

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Is Venture Capital A Path To Riches?

InfoChachkie

Note: 20% carry is fairly standard, although a handful of firms demand a slightly higher percentage. Thus, it’s entirely appropriate that founders net substantially more than the VC partners associated with their company. Currently, carry proceeds are taxed at the long-term capital gains rate of 20%. Share and Enjoy.

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Sundae snags $36M to build out its distressed property marketplace

TechCrunch LA

The funding is being led by QED Investors; Founders Fund, Susa Ventures, Navitas Capital, and Prudence Holdings also participated. Interestingly, that demand has grown a lot during the pandemic, with demand for new homes as much as four times higher than demand for buying “existing” homes.

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GrubMarket raises $60M as food delivery stays center stage

TechCrunch LA

The funding is coming from funds and accounts managed by BlackRock, Reimagined Ventures, Trinity Capital Investment, Celtic House Venture Partners, Marubeni Ventures, Sixty Degree Capital, Mojo Partners alongside with previous investors GGV Capital, WI Harper Group, Digital Garage, CentreGold Capital , Scrum Ventures, and other unnamed participants.

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United Dwelling is one startup building something to solve California’s housing crisis

TechCrunch LA

The United Dwelling houses are equipped with the latest appliances and their insulation and electrical ranges, washers, and dryers mean that the apartments have net zero energy consumption and a net zero carbon footprint, according to Dietz. When you can match that latent supply with latent demand.