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Maestro nets $15 million for its interactive commerce, community and engagement tools for livestreams

TechCrunch LA

We are pleased to be supporting the continued development of Maestro as part of our ongoing investment in new technologies that provide artists with cutting-edge tools and solutions for growing their careers. Sales, Sony Music Entertainment, in a statement. . “The third piece is a developer ecosystem,” Evans said.

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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.

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Conexant Raises Cash Through Property Sale

socalTECH

Newport Beach-based Conexant Systems , a developer of a wide range of semiconductors, announced today that it has sold 25 acres of property adjacent to its headquarters, netting the firm $26.1M. The firm said it sold the property to City Ventures LLC, a residential and mixed-use developer of urban projects. READ MORE>>.

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Power-One Revenues Surge On Solar Inverter Demand

socalTECH

Camarillo-based Power-One , which develops both photovoltaic inverters and other poser conversion products, saw its fourth quarter results surge on demand for its photovoltaic inverter products. According to the firm Thursday, it saw net sales of $366M for its quarter ended January 2, up 157 percent from the fourth quarter of 2009.

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Should Startups Focus on Profitability or Not?

Both Sides of the Table

The most obvious way to explain this is with sales people. If you hire 6 sales reps in January at $120,000 / year salary then you’ve taken on an extra $60,000 per month in costs yet these sales people might not close new business for 4-6 months. “COGS” represents the amount that each sale costs you.

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Netlist Looks To Raise $15M In Stock Sale

socalTECH

The firm said it will receive net proceeds of approximately $14.12M after undewriting discounts and commissions. Netlist said the additional capital will be used for marketing, research and development, working capital, and other corporate purposes. The offering was managed by Needham & Company and Roth Capital Partners LLC.

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8 Startup Lessons You Could Learn from Gotham Gal

Both Sides of the Table

After college Joanne worked for 4 years in retail apparel at Macy’s where she initially managed sales reps on the floor and then worked as a buyer of clothing. This is where she first developed sales skills. She doubled her salary by going into sales. to $12m in sales. “A lot of sales is innate.

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