Should Founders Be Allowed to Take Money off the Table?

Both Sides of the Table

He’s been at it since 2005. I founded it in 2005 at the age of 37. This is part of my ongoing series “ Start Up Advice &# but I’d really like to call this post, “VC Advice.&#. If a company has reached a level of success, has been around for a few years and you believe the company has potential to break out into a much bigger company then you should let the founders take money off of the table. It’s that simple. Only then are you truly aligned.

SoCal VC's Scarce On Top VC List

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This week's release of a list of their "Top 100" venture capitalists by AlwaysOn -- based roughly on number and dollar amount of successful M&A and IPO deals between October 1, 2005 to September 30, 2009--seems to have skipped local Southern California venture capitalists, with only one Southern California VCs listed.

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SoCal Venture Totals Slip, But IT Shines

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billion in 554 deals, invested -- the lowest quarter since 2005. Tags: california jones 2009 venturesource southern venture capital investment Southern California's venture capital numbers for Q4 slipped, as did numbers nationally, according to numbers released over the weekend by Dow Jones VentureSource. According to the report, Southern California's venture capital totals slipped for the first time since 2003, down more than 18 percent annually, to $3.2

Social Networking and Business Value

SoCal CTO

Just a quick note that I'll be moderating a Technology Council Event : Social Networking as a Business Strategy May 19, 2009 - Culver City Social networking media are used on a daily basis to grow businesses and expand career opportunities. In 2005, Majid coauthored "Data Strategy" a book designed to help streamline information management within organizations.

ACG Los Angeles Business Conference

SoCal Tech Calendar

Wednesday, September 16, 2009 -- ACG Los Angeles Business Conference. Keynote speakers will include Paul Volcker, Chairman of President Obama's Economic Recovery Advisory Board and former Chairman of the Federal Reserve System, and Condoleezza Rice, Secretary of State from 2005 to 2009. Now in its 12th year, the ACG Los Angeles Business Conference is the premier West Coast event focusing on corporate finance and MandA activity for middle-market companies.

ACG Los Angeles Business Conference

SoCal Tech Calendar

Tuesday, September 15, 2009 -- ACG Los Angeles Business Conference. Keynote speakers will include Paul Volcker, Chairman of President Obama's Economic Recovery Advisory Board and former Chairman of the Federal Reserve System, and Condoleezza Rice, Secretary of State from 2005 to 2009. Now in its 12th year, the ACG Los Angeles Business Conference is the premier West Coast event focusing on corporate finance and MandA activity for middle-market companies.

Bid4Spots Claims Revenue Gains

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Bid4Spots is headed by Dave Newmark, who launched the firm in 2005. Encino-based Bid4Spots , which operates a number of online reverse auction marketplaces for radio and cable television advertising, claims today that the firm has been seeing a huge amount of growth this year.

Spectrum Pharmaceuticals Buys Remaining Rights To Compound

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Spectrum had acquired a worldwide license to the compound in 2005. Irvine-based Spectrum Pharmaceuticals has acquired the remaining rights to RenaZorb, the firm's nanotechnology compound being used for treating hyperphosphatemia in patients with chronic kidney disease. The firm said it is paying $750,000 in restricted common stock for the rights to owner Altair Nanotechnologies.

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X PRIZE Foundation Looks To Attract Major Auto Firms

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per year since 2005. The X PRIZE Foundation is targeting large, established auto manufacturers with a new division in its Progressive Insurance Automotive X PRIZE, the firm said Monday afternoon, in an attempt to spur fuel efficient vehicles.

DivX Loses Board Member

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Murdock is a managing director at Insight Venture Partners, and joined the firm's board of directors in 2005. San Diego-based DivX said late Friday that board member Jerry Murdock has resigned. Murdock will leave the company's board effective December 31st. Murdock joined the DivX board as part of a financing round, prior to the firm's IPO. READ MORE>>.

ViaSat Names President At WildBlue

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Moore was a co-founder of WildBlue, and was President and CEO of the firm until 2005. Carlsbad-based ViaSat announced this morning that it has named Tom Moore as President of its new WildBlue subsidiary. ViaSat completed its $568M acquisition of WildBlue, a provider of satellite and wireless communications systems, on December 15th. Moore was most recently Senior Vice President at ViaSat, and also had served at TimesArrow, a telecom and technology venture firm.

Bestcovery.com Rolls Out Web Widget

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Pourzanjani was CEO of Pricegrabber.com until its $485M purchase by Experian in 2005. Santa Monica-based Bestcovery.com , an online expert review and ranking site headed by former Pricegrabber.com co-founder and CEO, Kamran Pourzanjani, said today that it has rolled out a new widget which will allow web publishers to display its content. The new widget ties its expert reviews alongside content from Pricegrabber, which recommends those products based on the expert's pick.

SpaceX Boosts EELV Efforts

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SpaceX had been cut out of the EELV program in 2005, when the United Launch Alliance--a joint effort of Boeing and Lockheed Martin--won the EELV program. That win resulted in an anti-trust lawsuit from SpaceX in 2005, alleging Boeing and Lockheed Martin had prevented the firm from entering the government launch market.

Morph Labs Takes On Private Clouds

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Damarillo founded GlueCode Software, which he sold to IBM in 2005. Los Angeles-based Morph Labs , the latest startup of Gluecode Software founder Winston Damarillo, has launched a new product focused on private cloud management, the firm announced today. Morph said it has launched Morph CloudServer, a set of software tools to manage and provision enterprise cloud computing.

ISWest Gets Court Win

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According to court filings, ISWest had filed a trademark infringement claim against Milon-Digiorgio Enterprises in 2005, alleging that the firm's use of the name ISPWest was confusing to consumers. Agoura Hills-based ISWest , a provider of server colocation and Internet hosting services, has had a trademark infringement claim upheld by a U.S. District Court in Pasadena.

Qualcomm Names Paul Jacobs As Chairman

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Paul Jacobs was appointed CEO of Qualcomm in 2005, succeeding his father, and has been at the company since 1990. San Diego-based Qualcomm said Tuesday that it has named Paul E. Jacobs, the firm's CEO, as chairman of the board. Jacobs replaces his father, Qualcomm co-founder and former CEO, Irwin Jacobs. Irwin Jacobs remains on the board of directors. Irwin Jacobs is 75, and has been transitioning the firm to son Paul for the last five years. READ MORE>>.

Materia, BASF In Technology Licensing Deal

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Grubbs was the recipient of the Nobel Prize for the technology in 2005. Pasadena-based Materia , the advanced chemical technology firm spun out of Caltech, said Tuesday that it has licensed its metathesis technology to specialty chemical firm BASF. Financial terms of the license were not disclosed. According to Materia, BASF will use the technology in research and development of certain specialty chemicals.

Protect Your Parents from Avis Budget: Direct Marketing Scumbags

Both Sides of the Table

Or again here in Consumer Affairs dating back to 2005. This has been a year where people got mad in mass at financial institutions. It’s hard not to when you think about the amount of money that flowed into their coffers and the size of expected bonuses this year – of all years.

RealD Upgrades El Capitan

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The El Capitan has been using the firm's 3D technology since 2005, and according to RealD is the highest attended RealD 3D theatre in the world. Los Angeles-based RealD , which develops 3D movie projection hardware, disclosed this morning that it has installed an upgraded cinema systems at the El Capitan. Financial details of the win was not disclosed.

ReachLocal Hits $147M In Revenues

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in revenues of 2005. One of the revelations in yesterday's Inc. 500 listing was that Woodland Hills-based ReachLocal , a venture backed provider of local online marketing services, hit $147M in revenues in 2008, up significantly from $4.4M The revelation is the first public disclosure how much the firm's business has grown recently.

Done Right Acquired By N.C. Firm

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Done Right--formerly known as PerformLocal--was founded in 2005, and has received venture funding from August Capital, Glynn Capital Management, and MDV Mohr, Davidow Ventures. Pasadena-based Done Right , a provider of an online, pay-per-performance directory of home improvement professionals, has been acquired by a North Carolina firm.

Interview with Brian Garrett, Crosscut Ventures

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In about 2005, I started looking at the local market, and realized that there are not lots of enterprise IT companies here, which is Palomar's focus.

Venture Firm: We Missed That Networks In Motion Deal

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According to OVP's site, it was approached in 2005 by the CFO of a former portfolio company, who had made money for the firm twice before, begging the firm to invest. OVP Venture Partners , a venture firm in Oregon and Washington, is highlighting its latest "missed deal" in Aliso Viejo-based Networks In Motion. NIM, which was acquired last week for $170M, had been backed by venture firms Redpoint Ventures, Mission Ventures, and Sutter Hill Ventures.

Smith Micro Gains Patent

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The patent was granted on March 10th, and was originally filed by the firm in January of 2005. Aliso Viejo-based Smith Micro Software , reported Thursday that the firm has gained a new patent covering its compression technology. According to Smith Micro, it received U.S. Patent No. 7,502,514, "System and Method for Lossless Compression of Already Compressed Files" for technology used to compression JPEG files. The technology is used as part of the firm's StuffIt compression utility line.

Pluggedin Media Looks For Buyer

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O'Brien is one of the co-founders of Xdrive, which was sold to AOL in 2005. Los Angeles-based Pluggedin Media , which operates a web site focused on streaming of high quality, music videos in HD and broadcast quality, is looking for a buyer. The firm's chairman, Brett O'Brien, told socalTECH that, contrary to other reports, the firm is not shutting down, but that they are in the process of selling the company. "We

Pluggedin Media Looks For Buyer

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O'Brien is one of the co-founders of Xdrive, which was sold to AOL in 2005. Los Angeles-based Pluggedin Media , which operates a web site focused on streaming of high quality, music videos in HD and broadcast quality, is looking for a buyer. The firm's chairman, Brett O'Brien, told socalTECH that, contrary to other reports, the firm is not shutting down, but that they are in the process of selling the company. "We

Phonevite Lands In LA

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Both Nahm and Kim were at voice-over-IP firm Dialpad, which was acquired by Yahoo in 2005. Phonevite , a startup which operates a service that allows groups such as schools and clubs to make mass phone calls to many people at once, has quietly relocated to Los Angeles from Silicon Valley, according to the firm's CEO and co-founder, John Nahm. The firm, which offers both free and premium mass notification systems, was started in San Jose in 2007 by Nahm and co-founder Kalvin Kim.

IP 2

Oversee's SnapNames Hit By Domain Bid Scandal

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According to SnapNames, it discovered the shill bidding by that employee in October, finding that the bids had gone on since March of 2005--well before Oversee.net bought SnapNames, in June of 2007. Los Angeles-based Oversee.net is in the midst of a major scandal today, as the firm revealed to customers that its SnapNames unit was the victim of a shill bidding scheme by a former employee.

Interview with Jose daVeiga, KlickSports

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Kent also went off to other things, but in 2005 we got awarded that patent. Los Angeles-based KlickSports (www.klicksports.com) recently rolled out the firm's live sports prediction web site and game, looking to harness the enthusiasm of sports fans for their favorite sports and teams.

Stamps.com Completes Market Test

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The firm said it shipped more than 70 million PhotoStamps to customers since 2005. Los Angeles-based Stamps.com , which provides online postage and personalized postage, announced this morning that the firm has successfully completed its market test of PhotoStamps. The firm said that the product is no longer in market test status, which it has been operating under since getting an approval from the U.S. Postal Service since 2004.

United Sample Raises $3M

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United Sample is the latest business effort of goZing.com founders Matthew Dusig and Gregg Lavin; Dusig and Lavin successfully started and sold goZing to Greenfield Online in 2005. Los Angeles-based United Sample, which operates online survey and sampling services for the market research industry, announced today that it has raised $3M in a Series B funding round. The round was led by Greycroft Partners, and also included prior investor DFJ Frontier.

How Liferay Grew To More Than $100M After Starting In A Church Basement

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Bryan Cheung: In 2009, we switch to a subscription model. The people who started with us in 2005 and 2006 are still with us, and there is a lot of longevity in the company, and familiarity and teamwork that comes from working together for so long that you don't find at other companies.

Report Tallies $7.7 Billion In SoCal IT Exits In 2011

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Both years were well above 2009, which had a low of only $475M in exits. The report also tallied six companies having IPOs, the most since 2005; those firms included RealD, Cornerstone OnDemand, Demand Media, ReachLocal and Inphi Corp. A new report released today tallies up $7.7 billion in IT exits in 2011, the highest since 2000, for Southern California IT firms.