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Sagewise pitches a service to verify claims and arbitrate disputes over blockchain transactions

TechCrunch LA

All of the benefits of a cryptographically secured, publicly verified, anonymized transaction system can be erased by errant code, malicious actors, or poorly defined parameters of an executable agreement. Hoping to beat back the tide of bad contracts, bad code and bad actors, Sagewise , a new Los Angeles-based startup has raised $1.25

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Dot Hill Completes Cloverleaf Acquisition

socalTECH

Carlsbad-based Dot Hill Systems said today that it has completed its acquisition of Cloverleaf Communications , a developer of storage virtualization and management software. Dot Hill said it expects the buy to help it expand beyond the storage array market, into the higher margin storage software market. READ MORE>>.

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Should Startups Focus on Profitability or Not?

Both Sides of the Table

Gross Profit (also called Gross Margin or sometimes “Net Revenue”). And assuming they both had the same net profit margins (profit / revenue) then the former company would be much better off at the end of the year. Let’s consider the following two software companies, both of which have 66% gross margins.

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Three Factors Which Intoxicate Venture Capitalists - Why Your Startup Will (Probably) Not Raise Venture Capital Funding

InfoChachkie

This concentration is partly due to natural causes – successful startups spawn other successful startups. Other than shortening the investor’s quarterly commute to your Board meetings, the net benefits of relocating for many startups are illusory, as I describe HERE. SECTOR: Software, Energy, Bio Or Bust. Do The Math.

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Magnite Prices $350M Offering

socalTECH

Los Angeles-based Magnite, the sell-side advertising software developer which was previously known as Rubicon Project, says it has priced an offering of $350M in convertible senior notes. The notes are due in 2026. The company said the convertible note offering was made to qualified institutional buyers.

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Interview: Naval Ravikant, Co-Founder AngelList and Co-Maintainer Venture Hacks

InfoChachkie

I recommend you first review Dharmesh’s article and then listen to Naval’s thoughts. These days, thanks to code and community, we can productize almost any process done by humans. The second reason is the incredible critical mass of business development, partners…the ecosystem. AngelList is the productization of that.

Startup 273
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The @TWTFelipe Story – A Tale of US Visa Policy Gone Awry (#startupvisa)

Both Sides of the Table

TWTFelipe is the founder of TWTApps , who had developed some really cool add-on applications for Twitter to extend its functionality. He came to the United States in 2001 to study Software Engineering at Auburn University. We then moved our Chief Software Architect over. I hope that didn’t have a stature of limitation!