Interview with Mark Suster, GRP Partners

socalTECH

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?

Meet Launchpad LA’s Graduating Startups

Tech Zulu Event

million led by GRP Partners, with participation from Baroda Ventures, Bertelsmann Digital Media Investments (BDMI), Daher Capital, Double M Capital, Karlin Ventures, Clark Landry, Andy Rankin, and Launchpad LA.

Class 11

Trending Sources

Layoffs Hot Keyword for Second Half of January 2009

SoCal CTO

Last month we Launched Los Angeles Tech and in the announcement we provide the Hot List for the first half of January 2009. Top for January 16, 2009 - January 31, 2009 Posts Are You Selling Online Yet? This hot list is based on various social signals of what people are writing about, reading, bookmarking, searching, etc. You can go to the Hot List post to see what was hot then.

Are MBAs Necessary for Start-ups or VC?

Both Sides of the Table

I just completed an exercise where I went out to hire a new associate for my VC firm, GRP Partners. But there are plenty of partners and successful entrepreneurs who don’t have MBAs. This is part of my ongoing series called “ Start-up Lessons.&#.

Ad.ly Gets $500K In Seed Funding

socalTECH

The round came from GRP Partners. GRP's Mark Suster sits on the firm's board. Los Angeles-based Ad.ly , which is developing an in-stream, advertising platform for Twitter, has raised $500,000 in a funding round. Ad.ly

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

socalTECH

According to PwC/NVCA, investments in 2009 were at the lowest level since 1997, with only $17.7 In terms of venture firm activity, the report found that DFJ Frontier was the most active in the quarter, with five deals; GRP Partners , Mission Ventures , and Redpoint Ventures all had four deals each in the quarter.

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

socalTECH

According to PwC/NVCA, investments in 2009 were at the lowest level since 1997, with only $17.7 In terms of venture firm activity, the report found that DFJ Frontier was the most active in the quarter, with five deals; GRP Partners , Mission Ventures , and Redpoint Ventures all had four deals each in the quarter.

Zag Round Totals $37.4M

socalTECH

The round came from USAA, and included Capricorn Investment Group, LLC, GRP Partners and Anthem Venture Partners. Santa Monica-based Zag has finally revealed the total invested in its latest, strategic round of funding, saying Thursday that it raised $37.4M.

Zag Links With USAA, Mercedes-Benz On Promotion

socalTECH

Zag is backed by USAA, Capricorn Investment Group, LLC, GRP Partners and Anthem Venture Partners.

Zag: "Strongest Sales So far This Year"

socalTECH

Zag has previously received venture capital from such firms as Anthem Ventures, GRP Partners, the Tech Coast Angels, Capricorn Management, Capital One, and Arcturus Capital.

RingRevenue Takes $3.5M

socalTECH

in a funding from GRP Partners, Rincon Venture Partners, and Great Pacific Capital. Santa Barbara-based RingRevenue , which is developing technology for pay-per-call, telephone affiliate advertising, has raised $3.5M The firm is headed by former Callwave CFO Jason Spievak. The funding actually closed back in March, but the firm had declined to release details until it relaunched its web site. READ MORE>>.

Zag: 50,000 Cars Sold

socalTECH

Zag has received funding from USAA, Capricorn Investment Group, LLC, GRP Partners and Anthem Venture Partners.

Zag Powers AAA Service

socalTECH

Zag is venture backed by Anthem Venture Partners, USAA, GRP Partners, Arcturus Capital, Callaway Cars and the Skoll Fund.

Zag Raises Funding

socalTECH

Zag has previously received funding from Anthem Ventures, Arcturus Capital, Capital One, Capricorn Management, GRP Partners, and the Tech Coast Angels.

Zag Raises $32.4M

socalTECH

Zag is venture backed by Anthem Ventures, Arcturus Capital, Capital One, Capricorn Management, GRP Partners, and the Tech Coast Angels, along with USAA.

VC Outlook 2009 - Candid Talks with VCs in Los Angeles - GIVING AWAY A FREE TICKET

Jason Nazar

VC Outlook 2009: If You Need Funding You’re Fuc%ed ( or are you ) - Candid Talks with VCs in Los Angeles. Nate Redmond , Partner, Rustic Canyon Ventures. Jim Armstrong , Managing Director, Clearstone Venture Partners. Mark Suster , Partner, GRP Partners.

OnTech Shuts Doors

socalTECH

The firm was venture backed by GRP Partners, Fort Washignton Investment Advisors, and DFJ Frontier. San Diego-based OnTech , a maker of self-heating coffee and other beverages, has gone under, according to the firm's web site. According to OnTech online store, the firm shut down on November 8th.

The Workshop: Get Funded in One Day (Dealmaker LA)

SoCal Tech Calendar

Tuesday, October 6, 2009 -- The Workshop: Get Funded in One Day (Dealmaker LA). Burnham, Partner, Strategic Law Partners Frank Addante, CEO, Rubicon Project Jason Nazar, CEO, DocStoc John Babcock, Partner, Rustic Canyon Partners John Suh, CEO, Legal Zoom Kent Goldman, Principal, First Round Capital Jeff Tinsley, CEO, Mylife Mark Suster, Partner, GRP Partners Richard Wolpert, Partner, The Mailroom Fund Seth Sternberg, CEO, meebo William Quigley, Partner, Clearstone Ventures.

RingRevenue Teams With Affiliate Marketing Firm

socalTECH

RingRevenue is venture backed by Great Pacific Capital, GRP Partners, and Rincon Venture Partners. Santa Barbara-based RingRevenue , the call tracking firm headed by former Callwave CFO Jason Spievak, has inked a deal with online marketing and affiliate firm LinkTrust, the two said today. According to the two, they have launched a new pay-per-call service which uses RingRevenue's technology. Linktrust operates an online service for affiliate tracking and lead management.

EMN8 Shifts Manufacturing To IBM

socalTECH

EMN8 is backed by GRP Partners, Sid R. San Diego-based EMN8 , a developer of self-service, restaurant kiosks, said Monday that the firm is in a agreement with IBM, where the two will jointly manufacture, market, and support its products. EMN8 said it will transition production of its OrderM8 4000 kiosk hardware to IBM. The company also said they will mutually market EMN8's solutions. Bass Assocites, and Fort Washington Capital.

Insights and Opinions: GRP's Mark Suster on Startup Mistakes

socalTECH

This morning's Insights and Opinions article comes from venture capitalist Mark Suster of GRP Partners , who shares some of the most common mistakes he sees startups making. This is a very important post to me because I find myself giving this advice all the time and if you don't follow the basic advice here you can cause yourself much heartache down the line - even if your company ultimately becomes uber successful.

Online and Mobile Video

SoCal Tech Calendar

Tuesday, June 30, 2009 -- Online and Mobile Video. The UCLA Anderson School of Management and the German American Business Association (GABA), invite you to an exciting panel discussion with top digital media executives and venture capitalists followed by a reception at the UCLA Faculty Center.

GumGum Confirms Investment Round

socalTECH

in a venture round Wednesday, telling socalTECH that the Series A-1 round was led by GRP Partners , with participation by First Round Capital. Tanz said that GRP's Mark Suster will be joining the firm's board along with the funding. Tanz said it was just a matter of finding the right partner. "We Santa Monica-based GumGum , the online startup headed by Ophir Tanz which licenses photos on a CPM basis to online publishers, confirmed it had raised $2.6M

Is it a Good Idea to Have Ads in Tweets?

Both Sides of the Table

My firm GRP Partners recently funded a young LA based company named Ad.Ly Advertising has driven the majority of Internet innovation. that is an “in-stream advertising&# company currently focused on monetizing Twitter.

Interview: Venture Capitalists On Pitching

socalTECH

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.

Interview with Sam Teller, LaunchpadLA

socalTECH

We were founded in 2009 by Mark Suster from GRP Partners.

Zag Raises $11.1M More

socalTECH

The firm has previously raised funding from USAA, Capricorn Investment Group, LLC, GRP Partners and Anthem Venture Partners. Zag said in March that it had sold 100,000 cars, and has been profitable since August of 2009.

Raising the First Round of Capital

SoCal Tech Calendar

With 2009 finally behind us, what can we expect in 2010? Mark Suster, Partner, GRP Partners * Ralph Mayer, Past President of Tech Coast Angels * Quinn Li, Managing Director, Qualcomm Ventures * Mike Krenn, Managing Director, DLA Venture Pipeline. Tuesday, June 8, 2010 -- Raising the First Round of Capital. 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?

Southern California Investments On Uptick, Totals $686.5M For Q1

socalTECH

for the quarter, up from both Q4 of last year as well as the comparable Q1 quarter in 2009, according to the latest numbers from PricewaterhouseCoopers and the NVCA. in Q1, up from $588.033M tallied by the report in Q4 of 2009, and up significantly from the $320.2M received in the region in Q1 of 2009. Nationally, Q4 of 2009 brought in $5.2 Southern California venture capital investments totaled $686.5M

The Case for In-Stream Advertising

Both Sides of the Table

I myself recently covered the topic when I spoke about why GRP Partners invested in Ad.ly. GRP Partners invested in GoTo.com which rebranded as Overture. The topic of whether in-stream advertising has heated up. I just read well written pieces on the topic by Ross Kimbarovsky , Robert Scoble , Paul Carr and the NY Times. Let me lay out my defense of In-Stream Advertising because I believe the topic is really important.

SEM 0

What Makes an Entrepreneur? Cojones (7/11)

Both Sides of the Table

He and his partner told me about this new idea over the course of nearly a year. Partners in VC funds only wanted to fund entrepreneurs who had a certain percentage of their net worth tied up in their venture. I run the recruiting process for my VC firm, GRP Partners.

Want to Start a Technology Company in LA?

Both Sides of the Table

First, I’d like to quote (paraphrase) Brad Feld speaking at Twiistup in LA in 2009, “I keep hearing people in LA talking with a chip on their shoulders about building a tech business here relative to Silicon Valley. my firm, GRP Partners, was an investor).

What Mattered in 2010: Jim Andelman, Rincon Ventures

socalTECH

Below, we collect the thoughts of Jim Andelman , a venture capitalist at Rincon Venture Partners. Mobile app downloads went from 300mm in 2009 to 5 billion in 2010, Android ad impressions up over 2,000% as two examples.