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Understanding Changes in the Software & Venture Capital Industries

Both Sides of the Table

In this three-part series I will explore the ways that the Venture Capital industry has changed over the past 5 years that I would argue are a direct result of changes in the software industry, not the other way around.

Want to Know How First Round Capital was Started?

Both Sides of the Table

If you read this blog often you'll know that I'm a huge fan of First Round Capital. One example is that they introduced a program where their founders can pool together shares from their company and exchange them for a small portfolio of other First Round Capital companies.

Connexity Gets $2M In Credit Line

socalTECH

Connexity said the line will go towards additional working capital, to accelerate its growth. Gross was the co-founder of Fastclick, which he took IPO in 2005, and was eventually sold to ValueClick. connexity venture capital internet advertising targeting fastclickVentura-based Connexity , a developer of Internet advertising and targeting technology, announced today that it has secured $2M in a debt financing. The financing came from Silicon Valley Bank.

How the Seed-Stage VC Trend Began, The Downsides of Unicorns & Much More

Both Sides of the Table

Let me take you back just 10 years ago to 2005 in Silicon Valley where I returned after 11 years of living in Europe. At the time almost nobody had heard of the following funds: FirstRound Capital, TrueVentures, Floodgate and SoftTech.

MindTouch Picks Up $12M For Customer Self Service Software

socalTECH

The funding came from PeakSpan Capital, along with SK Ventures and SAP SE. MindTouch, which was founded by Steve Bjorg and Aaron Fulkerson back in 2005, said the funding will go to increase its integration with software such as Salesforce, SAP, and Oracle, and grow its marketing, business development, sales, and engineering teams. mindtouch venture capital customer self service portal saas

Report Tallies $7.7 Billion In SoCal IT Exits In 2011

socalTECH

Green Dot's backers included Sequoia Capital, Total Technology Ventures, and the Tech Coast Angels. The report also tallied six companies having IPOs, the most since 2005; those firms included RealD, Cornerstone OnDemand, Demand Media, ReachLocal and Inphi Corp. angeles california southern exit acquisition merger exits capital ventureA new report released today tallies up $7.7 billion in IT exits in 2011, the highest since 2000, for Southern California IT firms.

Interview Dan Dato and Bruce Brown, Upstart.LA

socalTECH

We're looking to launch our first class in the fall, with five to ten companies, with the TechStars model of a small capital investment, and a seed investment of $6000 per founder. That was five or six years ago, 2005 or so.

FastSpring Gets Funding From Pylon

socalTECH

FastSpring , the fast growing Santa Barbara-based e-commerce payment services provider headed by Dan Engel, said today it has scored a funding round from Pylon Capital, a Los Angeles-based investment firm. The investment is the first, outside investment in the company since it was founded in 2005. acquisition merger capital venture pylon fastspring

Ostendo Raising Funds to Advance Virtual Reality Display Technology

Xconomy

Ostendo Technologies, a Carlsbad, CA-based company founded in 2005 to advance curved screens and other innovative display technologies, has raised $41.8 Adding to the confusion, the most-recent MoneyTree Report on San Diego venture capital activity shows that Ostendo raised almost $10 million in VC funding during the second quarter. million of a new financing round intended to bring in $62.8 million, according to a recent regulatory filing.

Study: $48 Billion In Value Created Over 15 Years In SoCal IT VC-Backed Firms

socalTECH

Among the highest acquisition values were MySpace ($580M in 2005), Shopzilla ($560M in 2005), Rent.com ($430M in 2004), Lowermybills ($330M in 2005) and Sandpiper Networks ($630M in 1999). IPO successes (as measured by the market capitalization at the close of the first day of trading) include Entropic ($500M IPO in 2007), Divx ($625M IPO in 2006), eToys ($7.8BM IPO in 1999) and Xylan ($2.3B

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

socalTECH

And, even more impressively, it's now seeing more than $100M in annual revenues--without ever having taken any institutional or venture capital. We spoke with CEO Bryan Cheung to learn more about LifeRay, and how it grew from a church basement and open source to $100M+ in revenues, without ever taking outside capital.

What Jonah @Peretti, CEO of BuzzFeed, Sees in the Future of Digital Media

Both Sides of the Table

there’s a great story from Jonah in the video but you have to watch to hear it :)) But it’s undeniable that it has become a digital media powerhouse having raised around $500 million in capital with a valuation reported at $1.7 BuzzFeed.

Surveying SoCal's M&A Landscape, with David Siemer

socalTECH

If you go back to 2005 and 2006 and look at a company which would have a $5M pre- then, it''s now $8 to $10M, all else equal. acquisition merger exits interview capital venture banking investment siemer david

Success, Santa Barbara Style: Patagonian Sexwax With A Side Order of UGGS

InfoChachkie

According to Wardog, “We registered the domain www.standuppaddlesurfing.com on October 21, 2005, before the sport was even referred to as ‘standup paddle surfing.’” A version of this article previously appeared in Forbes.

SoCal VC's Scarce On Top VC List

socalTECH

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. Tags: southern california venture capital alwayson

Want to know why charging $12 / year converts higher than $9.99?

Both Sides of the Table

In 2005 they realized that this business was going to evaporate over night with the introduction of YouTube. Startup Advice This Week in Venture Capital

A Serial Entrepreneur’s Take On Brad Feld & Jason Mendelson’s Venture Deals

InfoChachkie

As the authors make clear in the book’s preface, their goal is to create a “definitive guide to venture capital deals” and “demystify the venture capital financing process.”

Morphlabs Raises $5M

socalTECH

Damarillo is known for founding GlueCode, which he sold to IBM in 2005, Logicblaze, which he sold to Iona Technologies in 2007, and for founding Webtide, which was sold to Intalio in 2009. morphlabs venture capital cloud computing applianceManhattan Beach-based Morphlabs , the developer of cloud computing products headed by Winston Damarillo, announced this morning that it has raised $5M in a Series C funding round.

Move Redeems Stock For Elevation

socalTECH

Move said the moves are part of a plan to "streamline" its capital structure. Elevation Partners took its initial stake in Move Networks in November of 2005. Move, Inc. , the operator of real estate sites Move.com and Realtor.com, said Thursday that it has reached an agreement to redeem $70M in Series B preferred stock owned by Elevation Partners.

After 20 years: Updating the Berkus Method of valuation

Berkonomics

In 2005, Alan McCann created a graphic representation of the Method: Note that Allan changed the title of the risks from technology-execution-market-production to investment-marketing-execution-development. Well, it had to happen.

TZ Presents 2013 Startup Forecast

Tech Zulu Event

Prior to founding MuckerLab, Erik was most recently at Harrison Metal Capital where he helped lead one of the most successful seed-stage venture capital firms in Silicon Valley.

Why Google Fiber? Moat-widening Endeavor & Future of Computing.

Tech Zulu Event

The first half of the value chain is far more capital-intensive, so they weren’t able to move into those layers until the company grew and matured. In twenty years, Fiber will be one of Google’s most valuable assets. Fiber is a genius long-term strategic play.

How to Decrease the Odds That Your Startup Fails

Both Sides of the Table

Marketing with long payback is precisely what requires venture capital. We tested a simpler version of our product in the market first to prove product/market fit before raising a ton of capital, we build software to handle the complexity of the “mundane things” like driver routing, logistics tracking, warehouse management, photo processing, etc and we expanded our offering to test whether we could convert at better rates with an expanded offering.

SEO 115

One Book Every Entrepreneur and VC Should Own

Both Sides of the Table

When I first started as a startup CEO in 1999 there were no guides on raising venture capital. I was significantly wiser by 2005 when I started my second company. This article originally ran on TechCrunch.

Guide 64

Eleven Startup Tips From Richard Branson

InfoChachkie

He used this term so often that it eventually became the title of his 2005 book on business advice. Virgin executives describe the company as a “branded venture capital company.” Note: This is an installment in the Iconic Advice series.

Tips 108

Brad Feld Drops Knowledge. Here’s What He Said …

Both Sides of the Table

In 2004 / 2005 I was starting to get intrigued with user-generated content. Yeah, that was when I changed for me…” “…there was so much positive feedback on demystifying this one element of venture capital. Brad’s start in Venture Capital.

Former LA VC Gets Backing For Enterprise Alerting, Micro Apps Startup

socalTECH

ElNaggar was in Redpoint's LA offices from 2005 until 2011, and had stints on the boards of Machinima and Hark, among other companies. redpoint elnaggar fouad capital venture employees software alerts enterprise saphoFouad ElNaggar , a former venture capitalist who had been responsible for the Los Angeles office of Redpoint Ventures, has scored funding for a new startup, Sapho. According to Sapho, it has raised $9.5M in a Series A funding, which was led by Alsop Louie Partners.

Here are More Signs that LA Tech is Moving to the Next Level

Both Sides of the Table

This was 2005 when I had no exits under my belt, no blogs … nobody was looking. At GRP Partners we’re all in on Los Angeles having written about $35 million in early-stage venture capital investments in this market alone in the past six months. I wrote a blog post on how to work with lawyers at a startup nearly two-and-a-half years ago. It was very widely read. If you don’t have much experience in working with law firms at a startup it’s a good primer.

Veteran LA law firm opens a Silicon Beach office and launches a pro-bono “Precelerator”

SoCal Delicious

billion in 2005, and also currently represents Rdio, Beats Electronics, Riot Games, Ad.ly, Redpoint Ventures, and several other prominent private and publicly traded clients. Follow PandoDaily: Search. Main menu. Skip to primary content. Skip to secondary content. Deals. People. Products.

Seth Sternberg – Meebo

Both Sides of the Table

He grew up in Connecticut attended Yale undergrad and worked for IBM after graduation doing M&A, strategy and venture capital. Tell us about your Series A round and your relationship with Sequoia Capital’s Roelof Botha. Startup Advice This Week in Venture Capital

Xirrus Acquired By Riverbed

socalTECH

The acquisition comes just over 12 years after Xirrus was founded by Dirk Gates in 2005. Xirrus had raised funding from August Capital, Canaan Partners, Interwest Partners, QuestMark Partners, and US Venture Partners, although the company has been mum on recent funding; it's unclear what the equity structure of the firm was as of the acquisition.

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. Otherwise, what incentive exists for the VC to put in more capital or to have the founders earn money. Tags: Pitching VCs Start-up Advice VC Industry startup technology vc venture capital This is part of my ongoing series “ Start Up Advice &# but I’d really like to call this post, “VC Advice.&#.

Vizio and the Story of the Sleeping Giant

Tech Zulu Event

I am currently at the annual VC in the OC program held in Irvine CA by OCTANe , an organization that connects people and ideas to resources and capital in Orange County. In 2003, Vizio launched in Costco and then in Sams Club in 2005. Over 600 people came to this event to listen share and network, including entrepreneurs, VC’s and investors. The keynote speech was delivered by Vizio CEO William Wong and VP & Co-Founder Ken Lowe.

Interview with Elizabeth Amini, Anti-Aging Games

socalTECH

Elizabeth Amini: I actually ran into him in 2005, when he was a keynote speaker at a conference. We made a decision not to go for venture capital early.

Study 52

Enevate Gets $24M For Battery Technology

socalTECH

The round came from CEC Capital, Tsing Capital, and Presidio Ventures, along with prior investors Mission Ventures and Draper Fisher Jurvetson. The new funding round comes over twelve years since its initial Series A funding, back in 2005, when the company spun out its technology from UC Irvine. lithium cleantech capital venture battery enervate

Why You Should Start a Company in. Los Angeles

SoCal Delicious

The city has, however, quietly been home to some of the most successful online companies to date, including CitySearch (sold to Ticketmaster for $260 million in 1998), Overture (acquired by Yahoo for $2 billion in 2003), eHarmony and LowerMyBills (bought by Experian for $330 million in 2005).

SAIL Venture Partners Boosts Ice Energy

socalTECH

SAIL joined TIAA-CREF, Energy Capital Partners, Good Energies, and Second Avenue Partners in the funding. SAIL focuses all of its investments on clean energy related companies, and first invested in Ice Energy back in 2005. Tags: sail energy venture capital storage Costa Mesa-based clean technology investor SAIL Venture Partners has boosted a maker of energy storage technology, as part of a big round for Ice Energy.

A Few Key People Really Can Make a Huge Difference

Both Sides of the Table

When I saw what BuddyTV is working on and how long they’ve been the market (since 2005) I realized that this has huge potential to help disrupt the television market. Who can get help get access to their capital? Local Angel Community / Recycled Capital. Venture Capital.

Press 67

LowerMyBills' Coffin Joins Venture Firm

socalTECH

Matt Coffin , the founder of Los Angeles-based LowerMyBills and an active angel investor in Southern California, has joined venture capital firm Split Rock Partners as a Venture Advisor, the venture firm said this week. Split Rock was an investor in LowerMyBills, which Coffin sold to Experian in 2005 for $380M. Tags: lowermybills matt coffin venture capital investment

Connexity, Headed by FastClick's Dave Gross, Gets Seed Funding

socalTECH

Gross started and headed up FastClick, taking it to an IPO in 2005, and eventually selling the firm to ValueClick. Tags: advertising internet fastclick gross dave capital venture connexity Camarillo-based Connexity , a new Internet advertising firm headed by former Fastclick CEO Dave Gross, said today that it has raised a seed funding round. Amount of the round was not announced. The funding round came from Persistence Partners, which is also headed by Gross.