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Viant Files For IPO

socalTECH

Viant's major shareholders are executive Tim Vanderhook, Chris Vanderhook, and Larry Madden, along with two entities, Four Brothers 2 LLC and Viant Technology Equity Plan LLC. The company reported $9.9M in net income on $164M in revenues for the year ended December 31, 2019.

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OpenX Tops $140M In Revenues

socalTECH

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 company also says it has been growing in terms of employees; the company said it had 110 net new hires in 2015, a 31 percent increase in its headcount. READ MORE>>.

OpenX 100
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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. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

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ServiceNow Files For IPO

socalTECH

ServiceNow is venture backed by JMI Equity and Sequoia Capital. The firm reported a net loss of $6.6M The firm's IPO is being underwritten by Morgan Stanley, Citigroup, Deutsche Bank Securities, Barclays, Credit SUisse, UBS Investment Bank, Pacific Crest Securities, and Wells Fargo Securities. READ MORE>>.

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How long can Zuckerberg afford to bankroll the AR/VR market?

TechCrunch LA

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.

Marketing 246
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Demand Media Files For IPO

socalTECH

According to Demand's IPO filing, the firm had a net loss of $6.00M on revenues of $114.0M For the year ended December 31, 2009, the firm had a net loss of $21.9M The firm's major stockholders are Oak Investment Partners, Spectrum Equity, W Capital Partners, Goldman Sachs & Co., in the first six months of 2010.

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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

I knew eventually people would realize that the Kauffman Report and all the talk of VC returns were rear-view mirror analyses. Family Offices (of high-net-worth individuals or families). If you want to understand how the VC industry is changing there is a great primer in the link. Wait, didn’t you just raise a fund?