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.

FastPoint Games Shuts Down

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Fastpoint had been venture backed by Mission Ventures and DFJ Dragon Fund, Allen & Co. and SCP Worldwide, and last raised funding in 2009, raising a total of $10M in funding. Los Angeles-bsaed Fastpoint Games , the online fantasy game development shop headed by Kelly Perdew, has shut down, according to a notice on the firm's site. According to the site, the firm is "winding down" all of its Fastpoint Games branded fantasy sports games over the next 45 days.

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Southern California Deals Total Around $932M For Q2

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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. Other active investors were Prospect Venture Partners, DAG Ventures, Sevin Rosen Funds, In-Q-Tel, American River Ventures, Saints Capital, and Mission Ventures, all with two investments each.

LeisureLink Raises $3.5M

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LeisureLink has previously raised funding from Clearstone Venture Partners, Group RCI, Kodiak Ventures LP, Mission Ventures, Pasadena Angels and the Tech Coast Angels. Tags: leisurelink vacation rental travel venture capital

Nirvanix Gains $5M

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San Diego-based Nirvanix , a provider of Internet-based storage services, has raised $5M out of a $6M venture capital funding round, according to a regulatory filing. Tags: nirvanix storage venture capital

Report: Slacker Gets $5M Bridge

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Slacker is venture backed by Austin Ventures, Centennial Ventures, Mission Ventures, and Sevin Rosen Funds, and had previously raised $53.5M Tags: personal radio slacker venture capital

Meet The VC

SoCal Tech Calendar

Thursday, May 28, 2009 -- Meet The VC. Join us for an informative (and informal) discussion with Dave Ryan of Mission Ventures. Entrepreneurs will have an opportunity to ask many questions and get answers from one of Southern California's most experienced venture investors. OCTANe. Dave will describe his firm's investment philosphy, investment process, and the current state of VC fundraising and investment. This event is for entrepreneurs only.

Slacker Integrates With Twitter

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The firm is backed by Rho Ventures, Centennial Ventures, Sevin Rosen Funds, and Mission Ventures. San Diego-based Internet radio service Slacker has integrated its service with micro-blogging service Twitter, the firm said this morning.

Report: Slacker Loses CEO

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Slacker is venture backed by Austin Ventures, Centennial Ventures, Mission Ventures, Rho Ventures, and Sevin Rosen Funds. San Diego-based music startup Slacker has apparently lost its CEO, according to a report from VentureWire.

Slacker Raises $9.6M

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According to the filing, Mark Leschly of Rho Ventures joins the firm's board, which also includes representatives from Centennial Ventures, Sevin Rosen Funds, and Mission Ventures, all prior investors in the firm.

LeisureLink Signs Florida Lodging Operator

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LeisureLink provides online travel booking software used by vacation rental and specialty lodging operators, and is venture backed by Mission Ventures and Clearstone Venture Partners.

ProQuo Shuts Down

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La Jolla-based ProQuo , a venture-backed startup helping consumers manage and reduce junk mail, has quietly shut down, according to reports. ProQuo was venture backed by Mission Ventures and Draper Fisher Jurvetson, and had raised around $15M in funding. The shutdown was first noted by Xconomy. READ MORE>>.

Nirvanix Confirms Funding Round

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San Diego-based Nirvanix confirmed today that the firm has raised $5M in a new venture funding round. According to the firm, the new round came from original investors Intel Capital, Mission Ventures, Valhalla Partners, and Windward Ventures.

Slacker Adds Lyrics

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San Diego-based Slacker , a venture-backed, personalized online radio service, told its users this morning that it has launched a new feature which adds complete lyrics to the firm's services.

LeisureLink Gets $6.2M

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LeisureLink, which provides a distribution and booking service for specialty lodging, said the round was led by Mission Ventures and Clearstone Venture Partners, and also included participation from its other insiders. Pasadena-based LeisureLink has closed on $6.2M

Slacker Releases iPhone App

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The firm is venture backed by Austin Ventures, Centennial Ventures, Mission Ventures, and Sevin Rosen Funds.

Slacker Ties Into T-Mobile

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The firm is venture backed by Austin Ventures, Centennial Ventures, Mission Ventures, Rho Ventures, and Sevin Rosen Funds.

Slacker Brings Round To $12.1M

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The funding is part of a round kicked off in May by the company, which is venture backed by Austin Ventures, Centennial Ventures, Mission Ventures, Rho Ventures, and Sevin Rosen Funds. Tags: radio internet music funding capital venture slacker

Webtide Acquired By Intalio

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Webtide was self-funded, and was headed by Adam Lieber, who has previously been at Gluecode and Mission Ventures. Los Angeles-based Webtide , which develops the popular Jetty Application Server for the Java programming language, has been acquired by Intalio.

Obamanomics: What it means for Venture Capital

SoCal Tech Calendar

Tuesday, May 19, 2009 -- Obamanomics: What it means for Venture Capital. Featured speakers include four of the nation's top public policy experts in the venture community: Mark Heesen, Washington, D.C.-based based president of the National Venture Capital Association (NVCA); Mitchell Kertzman, managing director of Hummer Winblad Venture Partners, a leading Bay Area venture capitalist and former chair of the American Electronics Assn.;

Mochila Raises $1.0M

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Mochila is venture backed by Charles River Ventures, Greenspun Corporation, Jerry Colonna of JPMorgan Partners, Mission Ventures, and A.H. Tags: capital venture marketplace content online mochila Carlsbad-based Mochila , which operates an online content marketplace for publishers, has raised $1.0M in an ongoing $2.0M funding round, according to a regulatory filing by the firm. No details on the funding have been announced by the company yet.

One Recovery Raises $1.49M

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One Recovery is headed by David Metzler, formerly a venture capitalist at Mission Ventures and investment banker at CIBC World Markets. Tags: recovery onerecovery addiction treatment healthcare lifescience venture capital Del Mar-based One Recovery , an online community site providing support for people recovering from addiction, has raised $1.49M in a funding round, according to a filing from the firm this week.

Nirvanix Names New Engineering VP

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Nirvanix is a privately held company backed by more than $23 million in venture funding. Its backers include Intel Capital, Valhalla Partners, Mission Ventures, Windward Ventures and the European Founders Fund.

RotoHog Signs Fox Sports On Latin American Deal

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Los Angeles-based RotoHog , a developer of fantasy sports games, has inked a deal with Fox Sports on a Spanish-language, fantasy sports game focused on the 2009 Major League Baseball season. The Rotohog Stock Exchange Fantasy game for the 2009 Major League Baseball season -- the 2009 "Liga Fantstica de Bisbol" -- will be featured on Fox Sports en Espaol and Fox Sports Latin America.

Nirvanix Ties With Ocarina

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Nirvanix is backed by Intel Capital, Valhalla Partners, Mission Ventures, Windward Ventures, and the European Founders Fund.

Slacker Ships BlackBerry App

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The firm is venture backed by Austin Ventures, Centennial Ventures, Mission Ventures, and Sevin Rosen Funds. San Diego-based Internet radio firm Slacker has shipped a BlackBerry Storm version of the company's Internet radio services, the firm said today.

San Diego ?? The Great, Good, Bad and the Ugly.

SoCal Tech Calendar

Thursday, November 19, 2009 -- San Diego  The Great, Good, Bad and the Ugly. Panelists will Include: Ted Alexander, Managing Partner, Mission Ventures; Russ Mann, CEO and Cofounder of Covario; Allen Drennan, Founder, WireRed; and Peter Dresslar, CEO, Torrey Path. SDSIC Entrepreneur's Forum. James Adams will moderate our distinguished panel of San Diego technology leaders and put them on the spot to label San Diego "great, good, bad, or ugly" on more than 20 factors.

Nirvanix Shuffles CEOs

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Nirvanix is venture backed by European Founders Fund, Intel Capital, Mission Ventures, Valhalla Partners, and Windward Ventures.

VMIX Gets Win With Scion

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VMIX is venture backed by JK&B Capital and ATA Ventures, Mission Ventures and Enterprise Partners. San Diego-based VMIX , a provider of software for managing online video, said this morning that the firm has signed on automotive brand Scion. Financial impact of the win was not disclosed. VMIX said that Scion will launch a new web site, www.ScionAV.com , using the firm's media management and delivery tools.

Insights and Opinions: What's going on in venture capital in San Diego?

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What's going on in venture capital in San Diego? And how will the changing venture economy affect angel investors? Mission Ventures' Dave Ryan talks with Frank Peters, and offers advice for angel investors. Tags: ventures interview podcast venture peters capital ryan show mission insights dave frank For our insights and opinions section today, we're featuring a recent podcast by Frank Peters, of the Frank Peters Show , and an angel investor.

Transaction Wireless Gets $2M More

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The funding came from its existing investors, Mission Ventures and Okapi Ventures. Tags: transaction wireless venture capital mobile gift card marketing San Diego-based Transaction Wireless , a developer of mobile gift card and other mobile marketing products, announced this morning that it has raised an additional $2M in funding. The company said the new funds will go towards ongoing technology and customer deployment and sales and marketing.

RotoHog Wins Sporting News

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RotoHog said it will begin providing the games, starting with football, in late summer 2009. RotoHog is headed by Kelly Perdew, and is venture backed by Allen & Co, DFJ DragonFund, Mission Ventures and Sports Capital Partners Worldwide. Los Angeles-based RotoHog , which develops fantasy sports games, announced Monday that the firm has signed on Sporting news, to create fantasy games for the brand.

Active Storage Gets Funding From Intel, Others

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said the funding was led by Intel Capital, and also included Mission Ventures and Valhalla Partners. Tags: macintosh raid apple capital venture data storage active Torrance-based Active Storage a developer of RAID products for Apple computers, has raised a Series A funding round, the firm said Tuesday afternoon. The company--which was founded by former executives at Apple, Inc.--said