Active Network Files For IPO

socalTECH

San Diego-based Active Network has filed for an IPO, saying in its S-1 that it is looking to raise up to $150M. The firm's IPO is being underwritten by BofA Merrill Lynch, Citi, Allen & Company LLC, Stifel Nicolaus Weisel, RBC Capital Markets, ThinkEquity LLC, and WR Hambrecht+Co. Active Network operates a network of online sports registration, community activity and group sites, and other related Internet services.

What Makes an Entrepreneur? Four Letters: JFDI

Both Sides of the Table

I had a picture in the office of my first company with the logo above and the capital letters JFDI. (In He was stuck on capital raising. This is part of my Startup Advice series.

Trending Sources

IPO Market Surpasses 2008, 2009, According to Report

socalTECH

A new report today released by PwC finds that the market for initial public offerings (IPOs) has jumped significantly in 2010, with volumes exceeding both 2008 and 2009 levels. In particular, PwC said there was a surge in fourth quarter activity, with 55 IPOs completed in the quarter, worth $23.5 PWC said that among the reasons for the surge was a return of private equity and venture capital portfolio companies using the U.S.

Raising Seed Capital Now: 10 Tips

Tech Coast Venture Network

Last year, venture capitalists and angels who co-invested with them placed $7 billion into seed and early-stage deals, an 11 percent increase from 2009, according to the most recent PricewaterhouseCoopers/National Venture Capital Association MoneyTree report. To help you get a jump-start with fundraising, I’ve gathered tips from active early-stage investors and entrepreneurs who managed to beat the odds by raising capital during and after the Great Recession.

Tips 16

Active Network Buys ReserveAmerica

socalTECH

San Diego-based Active Network, which operates a network of online sites focused on community and sports organizations, has acquired ReserveAmerica, a provider of campground reservations, owned by IAC. According to IAC and Active, IAC will sell 100% of its capital stock in ReserveAmerica Holdings, Ltd. to Active in exchange for approximately 3.5 million sharse of Active, convertible preferred stock. The move will make IAC a 9 percent owner of The Active Network.

Do you need a Powerpoint deck for a VC meeting?

Both Sides of the Table

Are they actively listening? Sometimes this is enough to pry the VC out of their shell and into an active discussion. Tags: Start-up Advice startup technology vc venture capital photo courtesy of Atlanta Braves. This is part of my ongoing series “ Pitching a VC.&#.

Active Storage Gets Funding From Intel, Others

socalTECH

Torrance-based Active Storage a developer of RAID products for Apple computers, has raised a Series A funding round, the firm said Tuesday afternoon. said the funding was led by Intel Capital, and also included Mission Ventures and Valhalla Partners. The firm said its founders were responsible for Apple's Active STorage XRAID products. Tags: macintosh raid apple capital venture data storage active

Sluggish Year for IPOs, But Signs Abound of Post-Election Surge

Xconomy

IPO activity at a sluggish pace—so sluggish, in fact, that this year could end with the fewest IPOs and the lowest level of capital raised since 2009, according to PitchBook data for the first nine months of 2016.

Why the LP Outlook is Good for Venture and Startups in 2017–2020

Both Sides of the Table

Every year Upfront Ventures surveys Limited Partners (LPs) who are the main source of capital that invests in VC funds and thus the main source of capital that goes to startups to get an early-warning sense of the year ahead, leaving aside any Black Swans. startup venture-capital

Venture Capital Fundraising Drops

socalTECH

Venture capital fundraising activity dropped significantly in Q4, according to a report released Monday by Thomson Reuters and the National Venture Capital Association (NVCA). The report, which tracks the fundraising activity of venture capital firms, found that there was $3.4 billion in forty-three venture capital funds raised in Q4 of 2008, down from $8.4 Tags: fundraising venture capital investment

Shaking the MoneyTree 2009 Q4 Review

SoCal Tech Calendar

Tuesday, March 9, 2010 -- Shaking the MoneyTree 2009 Q4 Review. Please join LAVA, PricewaterhouseCoopers and a distinguished panel of industry experts and local VCs for their insights on the results of the Q4 2009 PricewaterhouseCoopers/National Venture Capital Association MoneyTree Report based on data from Thomson Reuters. The MoneyTree Report is a quarterly study of venture capital investment activity in the United States.

Interview with Mark Suster, GRP Partners

socalTECH

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. Mark has also been quite active mentoring entrepreneurs, We caught up with Mark to hear about what kinds of investments GRP is looking at nowadays, his view on the software-as-a-service market, and how best to approach him with a pitch. So we think we're the right size for the market in 2009.

First Quarter IPOs Beat All Of 2009

socalTECH

IPOs in the first three months of the year handily beat all of 2009, as eight U.S., According to Dow Jones, those eight IPOs matched the same number of IPOs throughout all of 2009, and made it the most active quarter for venture-backed company IPOs since Q4 of 2007. The IPO activity in Q1 was a notable improvement from last year, when exactly zero venture-backed companies went public. years, and $156M in venture capital for them to get liquidity.

2009 Coming To A Close, 2010 Just Around The Corner!

Tech Zulu Event

Create, manage and communicate all your daily activities with the people that matter most - all on one calendar. As 2010 approaches, a whole new year of exciting start-ups, tech news, gadgets, and much more is ahead.

Southern California Deals Total Around $932M For Q2

socalTECH

A recent analysis by socalTECH, of our detailed tracking of venture capital investment activity in Southern California, finds that there was around $932M in funding raised in the area in Q2, a rise from roughly $700M in Q1. The most active investors in the region, in terms of activity, were the Tech Coast Angels , with five investments or follow up investments in the quarter, followed by Kleiner Perkins Caufield and Byers with three investments.

SoCal Venture Totals Slip, But IT Shines

socalTECH

Southern California's venture capital numbers for Q4 slipped, as did numbers nationally, according to numbers released over the weekend by Dow Jones VentureSource. According to the report, Southern California's venture capital totals slipped for the first time since 2003, down more than 18 percent annually, to $3.2 Nationally, venture capital investments slipped 30%, to only $5.5 For the year, national venture capital investments totaled $28.8

Is Strategic Money an Oxymoron?

Both Sides of the Table

This is part of my ongoing Raising Venture Capital (VC) series. When people refer to a strategic investor they are usually talking about an investor that comes from the industry you serve as opposed to an independent venture capital investor.

Venture Capitalists Invest $493.2M In Southern California In Q1

socalTECH

The latest venture capital numbers from PricewaterhouseCoopers LLP (PwC) and the National Venture Capital Association (NVCA), based on data provided by Thomson Reuters, was released tonight, showing that Southern California had $493.2M Nationally, venture capital investment up slightly, at $5.9 Although dollars were up, the number of deals (736 nationally in Q1 vs. 827 deals last year) was the lowest in a single quarter since Q3 of 2009.

Attorney and Startup Business Advisor – Aaron Shechet

SoCal CTO

A few years ago “venture capital” was a revenue model. Today, there is still seed capital to be found, but you have to show the investors (especially very early stage investors) that you have a viable business.

Product Manager Entrepreneur Mark Geller

SoCal CTO

Until recently, the technology had not progressed to the point where users could easily share these activities. For example, with photos, two years ago it was enough to enable users to actively share photos with friends online.

VC Invest $587M In SoCal In Q4, But National Investments Drop 37 Percent In 2009

socalTECH

The latest numbers from the MoneyTree Report from PricewaterhouseCoopers and the National Venture Capital Association (NVCA), based on data from Thomson Reuters, were released this morning, finding that there was $587.8M However, nationally, venture capital numbers were much worse, with venture investments dropping to the lowest level in more than a decade. According to PwC/NVCA, investments in 2009 were at the lowest level since 1997, with only $17.7

VC Invest $587M In SoCal In Q4, But National Investments Drop 47 Percent In 2009

socalTECH

The latest numbers from the MoneyTree Report from PricewaterhouseCoopers and the National Venture Capital Association (NVCA), based on data from Thomson Reuters, were released this morning, finding that there was $587.8M However, nationally, venture capital numbers were much worse, with venture investments dropping to the lowest level in more than a decade. According to PwC/NVCA, investments in 2009 were at the lowest level since 1997, with only $17.7

What Makes an Entrepreneur? Perspiration (6/11)

Both Sides of the Table

I agree with every part of the article, but I was hoping for some discussion about inspiration in the idealism/activism sense, and less the charisma sense. It may be unfair, but it’s the reality of capitalism.

CONNECT Cleantech Venture Roundtable

SoCal Tech Calendar

Thursday, June 11, 2009 -- CONNECT Cleantech Venture Roundtable. Selected entrepreneurs will have the opportunity to present to a group of premier venture capital providers actively funding investments. CONNECT's Cleantech Venture Roundtable will take place on June 11, 2009. CONNECT Venture Roundtables are exclusive, private, invitation-only showcases for promising emerging companies in the region.

Raising the First Round of Capital

SoCal Tech Calendar

Tuesday, June 8, 2010 -- Raising the First Round of Capital. With 2009 finally behind us, what can we expect in 2010? Come hear from some of Southern California's leading active investors. SDSIC. What does it take for a San Diego company to raise a Seed or Series A round? Will investments pick up? Where will the funding come from? What exactly will it take to get funded? Just how high is the bar? Are there certain areas within the IT sector that are particularly of interest?

Shaking the MoneyTree

SoCal Tech Calendar

Wednesday, November 4, 2009 -- LAVA hosts PricewaterhouseCoopers' Shaking the MoneyTree. Please join LAVA, PricewaterhouseCoopers and a distinguished panel of industry experts and local VCs for their insights on the results of the Q3 2009 PricewaterhouseCoopers/National Venture Capital Association MoneyTree Report based on data from Thomson Reuters. The MoneyTree Report is a quarterly study of venture capital investment activity in the United States.

Good Times Ahead for VC-backed Tech Companies?

Both Sides of the Table

On the third Wednesday of every month I co-chair a meeting called the SoCal VCA (venture capital alliance), which represents participants from all of the top venture capital firms in Southern California as well as prominent members of the Tech Coast Angels (TCA).

Cytori Therapeutics Gets $10M In PIPE

socalTECH

The firm said the new funding will be used for sales and marketing activities, ongoing clinical studies, research and development, as well as for general working capital. The firm said the financing may fund its operations through at least 2009. Tags: science regenerative medicine vneutre life cytori therapeutics capital

Geodelic Ships Application With T-Mobile

socalTECH

The company was incubated by Clearstone Ventures, which has been actively pulling together management teams and funding new startups in Los Angeles and elsewhere. Tags: clearstone capital venture tmobile application mobile geodelic

Q3 Southern California Venture Deals Around $879M

socalTECH

A quick analysis by socalTECH of our tracking of venture capital deals in Southern California finds that there was around $879M in venture funding activity here in Q3. The information--gleaned from funding announcements, regulatory filings, and other sources--are not far off from socalTECH's totals from last quarter, which totaled up around $932M in investment activity. Tags: southern california quarterly venture capital

VC Seed Funding is Dead, Long Live VC Seed Funding!

Both Sides of the Table

This is part of my ongoing series about Raising Venture Capital. But I’m no longer an entrepreneur – I’m a VC at a $200 million fund called GRP Ventures , the largest active fund in Southern California. Look at Josh Kopelman over at First Round Capital.

Angel Investing - Demystified

SoCal Tech Calendar

Wednesday, September 23, 2009 -- Angel Investing - Demystified. In the current economic and venture capital climate, angel investment is an increasingly important component of the start-up capital structure. In this session, active TCA investors will not only demystify angel investing, but will also provide a solid understanding of the funding process. CONNECT.

NVCA Reports $3.7B In Investments Nationally; SoCal Lags

socalTECH

PricewaterhouseCoopers and the National Venture Capital Association are reporting today that venture capitalists invested $3.7B According to the report, financing nationally was essentially flat from Q1 of 2009, when $3.2B was invested in 105 firms, and flat from Q1 of 2009, when $301.26M was invested in 55 firms. By far, the most active industry for venture deals in Southern California was for Medical Devices and Equipment, with $124.6M