Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

We’ve been dying to tell you all for a while that we had raised a new venture capital fund and of course given SEC filing requirements the story was somewhat already scooped by the always-in-the-know Dan Primack a few weeks ago. Wait, didn’t you just raise a fund?

Silicon Beach Report Dec. 20: Popdog Launches With $9 Million Funding

L.A. Business Journal

Jet propulsion lab hacked; NASA InSight lander listens for ‘Marsquakes’; $500 million for Musk’s net; Popdog launches, gains $9 million

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How This Entrepreneur Raised $28,000 Using Airbnb to Fund Her Startup

Both Sides of the Table

In one year of Airbnb Tracy netted more than $28,000. Daily Candy was one of the earliest successes in the newsletter business, which ultimately sold to Comcast for a reported $125 million. Tracy DiNunzio isn’t your typical Silicon Valley startup founder.

Report: The Bay Area Isn’t Bleeding Tech Workers After All

Tech.Co

You’d be forgiven, then, for assuming the city is seeing a net loss of tech workers. But, you’d be wrong, according to a new report out from LinkedIn. LinkedIn’s April report on the state of the U.S.

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

InfoChachkie

Randy Churchill and his team at PricewaterhouseCoopers meticulously prepare a quarterly report detailing the venture landscape, called Shaking The Money Tree. The Three Enthralling Factors Of Venture Funding.

How To Get Your Startup Funded - Tips From Entrepreneur and Renowed Angel Investor Jason Calacanis

SoCal Tech Calendar

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. Then the dotcom bubble burst, and he wound up with a net worth of negative $10,000.

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Inhibrx Files For IPO

socalTECH

Inhibrx is backed by LAV Biosciences Fund and Viking Global Investors. The company reported a net loss of $31.02M in 2018 on revenues of $8.5M; the company's current revenue stream includes both license fees and grants. La Jolla-based biopharmaceuticals startup Inhibrx has just filed for an IPO, saying in an S-1 filing that it is looking to raise up to $74.75M in an IPO on the Nasdaq Global Market. Inhibrx has applied to trade as INBX.

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Crowdfunding: a roar from a young lion

Berkonomics

Simply stated crowd funding or crowdfunding is the raising of capital in small amounts, from a broad base of investors. Participants can raise funds without having to do a public offering, which is a costly undertaking. With help from JJ Richa. Can you imagine having 300 shareholders?

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Why 2017 Should be a Great Year to Raise Venture Capital

Both Sides of the Table

The conclusion of our report was that winter did come, but it was mild and short. This was driven by the influx of corporate VCs, foreign VC money, sovereign wealth funds and the new war chests of VCs who raised new funds in the past 18 months.

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. So if your costs are $500,000 per month and you have $350,000 per month in revenue then your net burn (500-350) is equal to $150,000. I often see companies burning $100,000 per month (net) looking to raise $6-8 million.

Is asset-based lending for you?

Berkonomics

This type of funding is great for startup companies, refinancing existing loans, and financing for growth, mergers and acquisitions. Handling the reporting for such loans often require some amount of dedicated time. With help from JJ Richa.

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How to Kick Start Your Community’s Startup Scene

Both Sides of the Table

The basic components are obvious: talented founders, great engineers, angel money, venture capital, access to larger corporates (for business, funding & talent), great education / research (for IP breakthroughs) and a sufficient ecosystem of mentors, advisors, executive coaches and mavens.

Lean on Your Networks When Making Early Hires

Tech.Co

Below we’ll outline how to squeeze those last drops of talent out of your own social circles, how to incentivize current employees to lure in potential candidates in their networks, and how to entice “superconnectors” to recruit through their own far-reaching nets.

This Week in VC with Jim Armstrong of Clearstone

Both Sides of the Table

Clearstone currently invests out of a $200 million fund based in LA with offices in Menlo Park and in India. Segment Three: “VC Deals Funded this Week”. the funding and market coverage. But LivingSocial is reportedly doing around $180,000 per day in gross revenue.

What’s Really Going on in the VC Industry? What Does it Mean for Startups?

Both Sides of the Table

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion.

Why Has LA Suddenly Gotten So Much Attention from VCs and Entrepreneurs?

Both Sides of the Table

Over the past 4 years LA’s tech fundings have growing at a 30% compounded annual growth rate (CAGR) which is > 4 times the US average VC CAGR (7%). Both are massively funding other LA tech companies through what Fred Wilson once defined as “recycled capital.”

Green Dot Files For IPO

socalTECH

Green Dot is venture backed by Sequoia Capital, TTP Fund, as well as a significant number of Tech Coast Angels. The firm reported net income of $37.16M on revenues of $234.8M Monrovia-based Green Dot , a provider of pre-paid VISA and Mastercard cards, has filed for an IPO, saying this morning that it is looking to raise up to $150M in an IPO on the NYSE. The firm's IPO is being undewritten by J.P. Morgan, Morgan Stanley, Piper Jaffray, and UBS Investment Bank.

What Should You Do with Your Crappy Little Services Business?

Both Sides of the Table

It would not be a big stretch to image a well run service business like this making 15-25% net profit margins. If you can show regular cashflow and are willing to put your profits into their bank you can often fund expansion this way. In fact, that’s all that I fund as a VC.

Bio Roundup: Clinical Shirkers, AMD Worriers, ASH Fallers & More

Xconomy

—Boston startup creator Third Rock Ventures closed a $616 million fund , its largest to date, and also made former Eleven Biotherapeutics CEO Abbie Celniker the second female partner in its 10-year history. —The Mayo Clinic of Rochester, MN, reported that a misdiagnosis of a heart problem called long QT syndrome led to an unnecessary implant for a young boy. Pfizer also reported worse-than-expected earnings. Ben Fidler contributed to this report.

USC: $380M Raised In Last 3 Years By USC Spinouts

socalTECH

A new study compiled by the University of Southern California tallies up $380M raised in capital by USC spinouts in the last three years, and a 15 year total of $800M raised by 39 startups with roots at the school.

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CapLinked Goes Mobile | Announces New Features For iPad To Put Virtual Data Rooms on Notice

Tech Zulu Event

CapLinked, Cloud-based enterprise platform for deal management and investor reporting, Wednesday announced a new suite of enterprise features in a move to take transactions mobile. The firms Enhanced Reports which can be viewed and downloaded will establish a thorough audit trail.

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 filing indicates that the total venture capital funding by Demand Media now totals $373.75M, across four rounds of funding. For the six months ended June 30th, the firm reported that $66.2M

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Image Metrics Raises $8.0M, In Reverse Merger

socalTECH

in funding and gone public through a reverse merger. As part of the public listing, Image Metrics reported it had revenues of $4.0M The firm said it had a net loss of $6.8M Santa Monica-based Image Metrics , a developer of facial animation software and services, has raised $8.0M According to Image Metrics, it has entered into an exchange offer with International Cellular Industries, an OTC BB firm traded as ICLA, to become a pubicly traded company.

Walmart Gets Stake In Green Dot

socalTECH

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. Green Dot also updated its quarterly numbers, saying that it had net income of $12.8M in net income it earned on $60.7M

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Fisker Automotive Supplier A123 Heads Towards The Rocks

socalTECH

A major supplier to Anaheim-based Fisker Automotive looks to be in severe trouble, linked to issues uncovered in March by Fisker when one of that company's automobiles failed during testing with Consumer Reports.

Raising Seed Capital Now: 10 Tips

Tech Coast Venture Network

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. Investors and entrepreneurs who won at the fundraising game during and after the Great Recession offer advice on landing equity money. By Monica Mehta.

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When cash is tight – slow its flight!

Berkonomics

I advise all of my companies to use an impressed payroll service, one that takes the taxes from your bank account along with the net payrolls each period. One quarter, the company just did not receive its copies of the quarterly reports. The two founders are in Federal prison and about five percent of the missing funds were recovered by the Justice Department and returned to the companies. We have discussed why never to run out of cash.

Why You Should Start a Company in. Los Angeles

SoCal Delicious

My fund was an early investor in Overture. Report Content February 27, 2010 at 11:05am by Antone Johnson Great interview. Dropped Calls, Students Protest AT&T Network Coverage Facebook Patents News Feed, Social Net Confusion Ensues Trying to Work from Home More Efficiently?

Tech Titans Peter Thiel, Matt Jacobson, Cameron and Tyler Winklevoss, Mich Mathews, Elon Musk Buy Homes in Los Angeles

SoCal Delicious

Venture capitalist and hedge-fund manager Peter Thiel—PayPals co-founder and Facebook s. If youre buying a luxury home or just like looking at them, check out this live chat from reporter Lauren Schuker Blum and WSJ.com real estate editor Matthew Strozier. Facebook. Twitter.

Interview with Wil Schroter, Fundable

socalTECH

One way is getting funding from your potential customers. Wil Schroter: We're a crowd-funding platform for startups. Wil Schroter: We had been in the startup space for a long time, watching lots and lots of companies--my own included--try to get funded.

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Bio Roundup: Mylan’s Shock, Hillary’s 3%, Duchenne Lessons & More

Xconomy

The program, “Boardroom Ready,” is funded in part by LifeSci Advisors , the investor relations firm that sparked a furor by hiring female models to mingle at its J.P. Alex Lash contributed to this report. It was the tweet heard around the biotech world, again.

Interview with Nick Desai, Global Fitness Media

socalTECH

If you're at the point that you are tracking your fitness and calories, self reporting and self tracking that every day, that's fantastic. The other founding investors are Ron Conway, who you know, and Polar Capital Group, Tim Armstrong fund.

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