Interview with Mark Suster, GRP Partners

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This morning's interview is with Mark Suster , a venture capitalist at GRP Partners (www.grpvc.com). 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. It looks like GRP has been making lots of early stage investments lately--can you talk a little bit about your investment preferences and what you are looking at nowadays?

SoCal Gets $739M In Venture Capital In Q2

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in funding, and San Diego $198.18M in investments. Investments were slightly down from Q2 of 2010, when the region saw $856M in funding. The report said that the investment level was the highest total in a single quarter since Q2 of 2008. The largest investments for the quarter in Southern California were for Fisker Automotive , which raised $115M in the quarter; and Cameron Health , which raised $107M in funding.

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Mark Suster: New, $200M Fund, and GRP's New Name, Upfront Ventures

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Despite the increase in startup activity in Southern California, local venture capital funds are still few and far between, and a large chunk of the funding here is still from Sand Hill Road. The firm just announced that new fund, and a new name, Upfront Ventures (www.upfront.com).

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Choosing Internet Platforms

SoCal CTO

The basic conclusion was that it was a bit premature if you were talking about a serious, funded start-up. Mark Suster Partner GRP Partners He's an ex-Salesforce.com employee. I'm blogging from the CalTech Enterprise Forum. The topic is: Betting Your Company On An Internet Platform? A very interesting topic, especially for those of us involved in developing for start-ups. At the CTO Group that I organize in Santa Monica, we've had lots of discussions around this.

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Burstly Adds SoftBank, Founder Collective

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Los Angeles-based Burstly , the mobile ad management firm run by Evan Rifkin, said this week that it has added SoftBank Capital and Founder Collective to its Series A funding round. investment from Rincon Venture Partners and GRP Partners.

Burstly Snags $1.8M For Mobile Ad Tools

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in a venture funding. The funding round came from GRP Partners and Rincon Ventures. Mark Suster at GRP lead the firm's investment, with Jim Andelman heading up Rincon's involvement.

On Bubbles … And Why We’ll Be Just Fine

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He said, “They need an unbiased view of the fund raising environment because there is too much misinformation and everything seems to be changing fast.&#. – you’re very well positioned as a fund. Many good companies will not get funded.

What Makes an Entrepreneur (4/11) – Resiliency

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The agreement was that both sets of investors would fund the combined entity, we would reduce overlapped costs and become a healthier company. So Apax went ahead and funded iScraper without us. I then flew from London to Los Angeles to meet with the partners of GRP.

Understanding the Risks of VC Signaling

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I recently wrote a blog post on understanding how the size and age of a venture capital fund might affect you when you’re raising money. First, if the VC does 15-20 of these under one partner then it is certain he can’t spend any time with these investments. Big fund.

What Makes an Entrepreneur? Cojones (7/11)

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If your idea is so amazing that it warrants my hard-earned angel money or the money of my LP investors from our fund then why should I take a risk on you if you won’t take a risk on yourself? He and his partner told me about this new idea over the course of nearly a year.

SoCal Venture Deals Up In Q2

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billion, the strongest quarter since the third quarter of 2008. In terms of venture firms, the most active firms from Southern California, nationally, were Redpoint Ventures (9 investments), Steamboat Ventures (5 investments), and GRP Partners , Rustic Canyon Partners , Blade Ventures , Avalon Ventures , and Angeleno Group , with four investments each.

What’s Really Going on in the VC Industry? What Does it Mean for Startups?

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The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion.

Interview with Evan Rifkin, Burstly

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in a venture round from GRP Partners and Rincon Ventures, for the firm's mobile ad management platform. Mark Suster lead GRP's investment in the firm, and Jim Andelman led Rincon's investment.

This Week in VC with Dana Settle of Greycroft Partners

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Our guest this week on #TWiVC was Dana Settle , partner at Greycroft Partners , a venture capital firm with offices in New York and Los Angeles. Their first fund was a $75 million fund raised in 2006 and they very recently announced a brand new $130 million fund.

Top 29 Startup Posts May 2010

SoCal CTO

He’d been working at a well-funded startup for about a year and had come to terms with the fact that the startup was really a pretty dumb idea. VCs in seed clothing: Chris Dixon, Mark Suster, and Naval Ravikant interviewed - Venture Hacks , May 5, 2010 I recently got on the phone for a cross-continent conference call with Chris Dixon from Founder Collective , Mark Suster from GRP Partners , and our own Naval Ravikant.

Guide to the LA Startup Community

SoCal Delicious

Mark Suster – GRP Partners Mark joined GRP Partners in 2007 after having worked with GRP for nearly 8 years as a two-time entrepreneur. Ian Rogers – Topspin Media Ian Rogers was the GM of Yahoo Music before heading to Topspin Media in April 2008 as CEO.

Interview: Venture Capitalists On Pitching

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We brought together Peter Cowen of Groundwork Equity , Mark Suster of GRP Partners , Rick Smith of Crosscut Ventures , and Richard Yen of Saban Ventures -- all of who will be on the judging panel for the Tech Coast Angel's Fast Pitch on February 24th, to give us a their hints and tips about pitching to venture capitalists. One thing I like to look for is some barrier to entry, whether that is technology, or partners, or great entrepreneurs who understand the space.

This Week in VC – Scott Painter, CEO of Zag & TrueCar

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He eventually applied his lessons learned in these experiences when he founded Zag, a company that helps consumers buy cars over the Internet at pre-negotiated prices with nearly 4,000 dealers across the country [disclosure: my firm GRP Partners is an investor in Zag].

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