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SAIL Venture Partners Boosts Ice Energy

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According to Ice Energy, a Colorado maker of equipment which uses equipment which shifts energy produced at off-peak hours to peak power demand times, SAIL was one of a number of investors in a $24M, first close of a Series C funding round.

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LowerMyBills' Coffin Joins Venture Firm

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Split Rock was an investor in LowerMyBills, which Coffin sold to Experian in 2005 for $380M. Coffin also has invested as an angel in Billshrink, Buscape, CyberRain, Demand Media, Docstoc, Hautelook, Impact Radius, Inadco, Machinima, Mahalo, Rubicon Project, and 2tor.

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Internet Brands Brisco: Deal Will Allow More Focus On Long Term Growth

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The firm changed its name to Internet Brands in June of 2005, and hit the markets with its IPO in November of 2007. The firm was originally known as CarsDirect, the automotive buying site of Idealab, and was headed by Scott Painter--who is now head of both Zag Automotive and TrueCar. READ MORE>>.

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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

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The report also tallied six companies having IPOs, the most since 2005; those firms included RealD, Cornerstone OnDemand, Demand Media, ReachLocal and Inphi Corp. Among other major 2011 exits listed were Riot Games ($400 million) and HauteLook ($270 million).

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HireRight Acquires UK Firm

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Irvine-based HireRight , a provider of on-demand employment screening and drug screening services, announced today that it has acquired Powerchex Limited , a pre-employment screening firm based in the United Kingdom. Powerchex provides pre-empoyment screening to companies in the UK, and was founded in 2005.

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This Week in VC with Mo Koyfman of Spark Capital

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Spark Capital is relatively new to VC (founded in 2005) yet has become one of the hottest new VCs having invested in Twitter, Tumblr, AdMeld, Boxee, KickApps and many more companies. RockYou (US) was founded in Redwood City in November 2005 by Lance Tokuda and Jia Shen. Our guest was Mo Koyfman of Spark Capital.

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

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In 2005 he was graduated and took a job in South Carolina working for technology company while he started his own web design company on the side. By 2005 I had moved back to the US and we started hiring US employees (The first two employees we hired had both grown up in India! I hope that didn’t have a stature of limitation!