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Report: IPOs On Track For Best Year Since 2007, But Only One Q3 Area Tech IPO

socalTECH

A new report today, issued by E&Y, says that the global IPO market is on track to be the best year since 2007. The only local IPOs identified in Q3 in the report were YogaWorks in Culver City, RBB Bancorp in Los Angeles, and Sienna Biopharmaceuticals in Westlake Village. READ MORE>>.

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The dinner that destroyed Gawker

TechCrunch LA

Peter Thiel’s vague idea to do something about Gawker, the site that had outed him as gay in 2007, was concretized into conspiracy on April 6, 2011. This is an excerpt from Ryan Holiday’s new book Conspiracy: Peter Thiel, Hulk Hogan, Gawker, and the Anatomy of Intrigue, available now. It began unremarkably, when Thiel traveled […].

Ideas 252
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Former Rubicon Project Founder Launches Startup Investment Fund

socalTECH

The former CEO and founder of Los Angeles-based advertising exchange Rubicon Project, Frank Addante, has launched a new, startup investment fund, he announced on Wednesday, saying that after a brief foray into retirement he decided to launch TinkerBarn Ventures, a new startup studio and early stage investment fund.

Invest 113
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Lovell Minnick Partners Buys SRS Acquiom

socalTECH

Lovell Minnick Partners , a private equity investor which has one of its offices in Los Angeles, has acquired a majority of SRS Acquiom , a provider of technology-enabled services for the mergers and acquisition (M&A) market. SRS Acquiom was founded in 2007, and is based in Denver, with an office in Los Angeles, among other cities.

Equity 133
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What Angel Investing & Florida Condos Have in Common

Both Sides of the Table

The dinner parties now are filled with self-righteous angel investors bragging about how many deals they are in on. Logic tells me the following: It is hard to make money angel investing. The best angels will do very well just at the best real estate investors did well in good times and bad. And now everybody is an angel.

Invest 299
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Angel Investing (1): Dealflow – Are You Sitting at The Right Poker Table?

Both Sides of the Table

I believe the rise in angel investing is here to stay and the professionalization of this class (aka “super angels&# or “micro VC&# ) is a good thing for the VC industry and for entrepreneurs. But I fear that for most angel investors who invest over the long haul angel investing will not be a profitable endeavor.

Invest 306
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Velocify Acquired By Ellie Mae For $128M

socalTECH

Los Angeles-based Velocify , the developer of sales lead management software, has been acquired by Ellie Mae , in a deal worth $128M in cash, Ellie Mae said last week. Ellie Mae said the buy will help its lenders originate more loans, reduce costs, and complete the entire mortgage process faster. READ MORE>>.