Why You Should Start a Company in. Los Angeles

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Los Angeles By: Laura Rich February 26, 2010 It used to be, if you were serious about starting a tech company, you went to Silicon Valley. But lets face it, when you think of Los Angeles, Internet startups are not the first things that spring to mind.

Private Equity Firm Set To Sell Hulu Stake, Says Report

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A report today from Bloomberg says that Providence Equity Partners , the private equity firm which owns part of Los Angeles-based Hulu , is selling its stake to the firm's other owners in a deal valuing the firm at about $2 billion. Citing two people with "knowledge of the matter", Bloomberg said Providence had originally invested $100M in 2007, and will be paid $200M for its 10 percent share of the video streaming site.

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Fandango Claims Record Sales In May

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Los Angeles-based Fandango , the movie ticketing and information service, said today that it has had the best ever number in May for traffic and ticket sales, for the company's entire 12-year history. Fandango is owned by Comcast, which acquired the movie site back in 2007.

How Addroid Is Hoping To Solve The Ad Industry's Flash Problem, with Matt Cooper

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One of the side effects of the war over Flash, has been with advertisers--particularly in Hollywood--who rely on Flash to help display their advertising banners and video to users. One company which has been working on solving the Flash problem is Los Angeles-based Addroid (www.addroid.com).

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60Frames Shuts Down

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Los Angeles-based 60Frames , an online entertainment studio developing professionally produced, online content, has reportedly shut down , according to The Hollywood Reporter. in funding in 2007, from Tudor Investment Corporation and the Pilot Group, and was apparently unable to raise a second round of financing. Tags: 60frames online entertainment content hollywood studio layoff shutdown

Google Unveils Self-Driving Car Effort

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Search engine giant Google said over the weekend that the firm has been developing technology for self driving cars, driving automated cars across California, including Los Angeles and Santa Monica. Google said the cars have driven from Google's Mountain View campus to its Santa Monica office, on Hollywood Boulevard, and up and down the Pacific Coast Highway, among other areas, logging over 140,000 miles.

Report: ManiaTV Axes Staff

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Los Angeles-based ManiaTV has reportedly laid off 15 of the firm's 33 employees, according to a report in The Deal, as the firm prepares to sell the company. The firm moved here in 2007 from Denver. Tags: employment merger layoff hollywood content acquisition entertainment maniatv The Deal said Revision3 is rumored to be a possible buyer for the firm. ManiaTV is a producer of original online content, which it distributes entirely online.

My Damn Channel Raises $4.4M

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Los Angeles-based My Damn Channel , an online site which features professionally produced, humorous and other video content, announced a $4.4M The firm last raised funding way back in 2007.

Sophoi Acquired By Oracle

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Los Angeles-based Sophoi , a developer of media IP mananagement software, has been acquired by Oracle, Oracle said Monday. in 2007. Tags: sophoi oracle merger acquisition software content hollywood intellectual property Financial terms of the buy were not disclosed. Oracle said that Sophoi's products will become available as Oracle Media Intellectual Property Management.

The Future of Television & The Digital Living Room

Both Sides of the Table

The created a hegemony that delayed innovation until January 2007 when the iPhone was introduced. While I agree that there is a bright future for the talent that is uniquely in Los Angeles I think the future of TV & Film will be as different as the transition from radio to TV was.

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Interview with Peter Hoskins, ManiaTV

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The convergence of the Internet and the entertainment business has made Los Angeles a hotbed of activity in the online entertainment industry, attracting companies from all over the country interested in connecting Hollywood with the Internet. Los Angeles-based ManiaTV (www.maniatv.com) is one of the companies, having moved here in 2007 from Denver to take advantage of the local talent. Is part of this producing things for much less than Hollywood?

Liquid Notes | Using AI to Add Intelligence Back Into Music

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Tell us about your connection to Los Angeles. The Los Angeles music scene is very important for us because of connections. Right now we’re being incorporated here in San Francisco and the next step might be Los Angeles, but that’s still to be discussed.

Interview with Eric Golden, Equipois

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We recently ran across Los Angeles-based Equipois (www.equipoisinc.com), which has created a device--almost out of science fiction--which takes heavy loads and essentially makes them weightless. Eric Golden, the firm's President and CEO, told us more about the company and its technology, and its fascinating beginnings from Hollywood's Steadicam. Eric Golden: We did an angel round, our Series A worth $1.5,

Interview with Mark Suster, GRP Partners

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GRP has just recently closed on a new $200M fund, and Mark has been one of the more active venture capitalists in the Los Angeles area in recent months. I think because we're a Hollywood town, people haven't taken it all that seriously. An A-round investment in the late 90's, or even in 2005/2006, or 2007, was a $5-8M check. Matt Coffin, who is one of the prominent angel investors here, and who founded LowerMyBills, has told this story publicly.

Docstoc's Jason Nazar Talks About DocStore

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Jason is also behind the popular "Startups Uncensored" events in Los Angeles, so we also pinged him on how those events have been going. First, we're geographically spread out, with silos far away--in Pasadena, the Valley, Hollywood, etc.