Clearstone Portfolio Firm Cetas Acquired By VMware

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Santa Monica-based Clearstone Ventures has had another exit in its portfolio, this time with the acquisition of Cetas , a developer of cloud data analytics software, by VMware. Cetas was incubated in Clearstone's Palo Alto offices by Sudhakar Muddu, a Ph.D.

What Mattered in 2010: Bruce Hallett, Miramar Venture Partners

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Last week, we asked with Jim Armstrong of Clearstone Ventures about his opinions, and today, we're featuring the thoughts of Bruce Hallett , a venture capitalist at Miramar Venture Partners. miramar venture partners bruce hallett 2010 year capital

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What Mattered in 2010: Jim Armstrong, Clearstone Ventures

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For today's contribution, we spoke with Jim Armstrong , a venture capitalist at Clearstone Venture Partners. In your opinion, what events, companies, or people made the biggest impact on the technology world in 2010? clearstone armstrong capital venture opinions year

Clearstone's Sumant Mandal On Exits, Opportunities

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Over the last few months, Santa Monica-based Clearstone Ventures (www.clearstone.com) has had a number of high profile exits in its portfolio. Clearstone itself was an incubated entity, out of Idealab, it was Idealab Capital.

This Week in VC with Jim Armstrong of Clearstone

Both Sides of the Table

Had a great chat with Jim Armstrong who is a General Partner at Clearstone Venture Partners today on TWiVC. Clearstone currently invests out of a $200 million fund based in LA with offices in Menlo Park and in India.

Quigley: Venture Capital Revival Coming

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William Quigley , a venture capitalist at Clearstone Venture Partners, is making the argument that venture capital returns are set to return superior returns in the coming years, due to the disinterest of institutional investors. Disclosure: Clearstone is a sponsor of socalTECH).

Venture Firms Invest Around $1.6 Billion In Q2 2010 In SoCal

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Other active firms included Bessemer Venture Partners, Redpoint Ventures, Palomar Ventures, Clearstone Venture Partners, Domain Associates, The Westly Group, Life Science Angels, Kleiner Perkins Caufield and Byers, Idealab, Versant Ventures, Anthem Ventures, New Enterprise Associates, and First Round Capital. An analysis of Q2's venture capital deals and investment activity in Southern California find that venture capitalists invested around $1.6

Do They Have a Great Rolodex, Connections and Advice?

Ask the Angels

A couple of years ago, William Quigley of Clearstone Venture Partners wrote an appropriate blog post, Value of Certain Angel Investors : As a VC, I divide angel investors into two buckets. Given that Clearstone has invested in one of our portfolio companies— LeisureLink —that’s managed by two of our members, it’s a pretty good bet that the Pasadena Angels fall into the first bucket. Part IV of a Continuing Series on How to Select an Angel Group.

Founders Institute Event

SoCal Tech Calendar

Thursday, January 28, 2010 -- Founders Institute Event. Founder Institute is hosting an informational event in Los Angeles at the offices of Clearstone Venture Partners. Anyone interested in becoming a world-class founder is invited to learn how the Institute can help. Learn about the program, meet other applicants, and ask any questions. See [link] (more

Geodelic Raises $7M

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The funding came from MK Capital, Clearstone Ventures, and Shasta Ventures. Santa Monica-based Geodelic , the location-based mobile phone applications firm headed by ukelele-strumming Rahul Sonnad, has raised $7M, the firm said today.

Integrien Acquired By VMware

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The acquisition was a big win for Southern California's investors, particularly from Clearstone Venture Partners and the Tech Coast Angels. Integrien was venture backed by Clearstone Venture Partners, Acartha Group, Mariner Capital Ventures, and the Tech Coast Angels. Clearstone owned about half of the firm. Clearstone's other major recent exits are Kazeon (acquired by EMC), Mimosa (Iron Mountain), Ankeena (Juniper Networks), and Meru Networks (IPO).

LeisureLink Gets $9M In Series C

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The round came from current investors, including Clearstone Venture Partners, Mission Ventures, and Wyndham Exchange & Rentals.

Rubicon Project: 25 Percent Growth In Ad Spending In Q1

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Los Angeles-based Rubicon Project is reporting today that there was a 25 percent, year-over-year growth in online ad spending, according to the firm's Q1 2010 Online Advertising Market Report. The firm, which has been analyzing Internet advertising trends every quarter based on online publishers using its Internet advertising optimization service, said it expects 2010 to be "strong for revenue growth" in the advertising industry.

LAVA's Annual VC Breakfast

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Tuesday, August 10, 2010 -- LAVA's Annual VC Breakfast. Current Confirmed Panelists: Sumant Mandal, Managing Director, Clearstone Venture Partners; Kevin Jacques, Partner, Palomar Ventures; Jim Andelman, General Partner, Rincon Venture Partners; Mark Suster, Partner, Los Angeles, GRP Partners; Klaus Koch, Managing Partner, Vicente Capital Partners. Meet the top VCs who are investing in Southern California. Find out what they are looking to invest in.

Geodelic Confirms Verizon Relationship

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Geodelic has previously raised funding from Clearstone Ventures, Shasta Ventures and MK Capital, all of whom also participated in that June investment.

Geodelic Wins Clear Channel

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Geodelic is venture backed by Clearstone Venture Partners, MK Capital, and Shasta Ventures. Santa Monica-based Geodelic , the mobile application development firm run by Rahul Sonnad, has signed up Clear Channel's airport division, Clear Channel Airports , the companies said today.

LeisureLink Plans Vacation Pricing Report

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LeisureLink is venture backed by Clearstone Ventures, Group RCI, and Mission Ventures.

Rubicon Project: Online CPMs Up 34 Percent In Q4

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Rubicon said it expects 2010 to be a "strong year" for digital advertising. The firm is venture backed by $42M in funding from Clearstone Venture Partners, Mayfield Fund, IDG Ventures and GE/NBC Universal's Peacock Equity Fund. Los Angeles-based Rubicon Project , the online ad optimization firm, said today that its analysis finds that online spending in Q4 of 2009 was up, resulting in an increase in CPMs by 34%.

Titan Gaming Rounds Up $1M From Who's Who Of LA Tech Investors

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Los Angeles-based Titan Gaming is announcing this morning that it has scored $1M in an angel funding round, from notable local angel investors. According to Titan, it is focused on developing a "complete" gaming platform for skill-based matchmaking, tournaments and points or cash competitions.

If the Venture Model is Broken, Who??s Funding All These Startups?

SoCal Tech Calendar

Thursday, December 9, 2010 -- If the Venture Model is Broken, Whos Funding All These Startups? Speakers: Paige Craig, Founder and CEO - BetterWorks; William Quigley, Managing Director - Clearstone Venture Partners; Dana Settle, Partner - Greycroft Partners; Yves Sisteron, Managing Partner and Co-Founder - GRP Partners. Dealmaker Media LA. Early stage investing is booming and we are finally seeing the kind of exits that show signs of a potential IPO market in our future.

Interview with Rahul Sonnad, Geodelic

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We caught Rahul in a more serious conversation, and spoke to him about his venture funded, location-based information startup and what it's up to, as well as got the story behind the firm's incubation at Clearstone Ventures.

Rubicon Project: Q2 Advertising Grows

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Rubicon, which has been issuing quarterly reports on ad trends, said that it believes that 2010 is "shaping up to be the strongest year yet" for online ad spending. Rubicon is venture backed by Clearstone Venture Partners, Mayfield Fund, IDG Ventures and GE/NBC Universal's Peacock Equity Fund.

Disney Parks Checks In With Gowalla

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Southern California's closest competitor in the sector is Geodelic , the Clearstone- and Shasta backed startup headed by Rahul Sonnad.

Geodelic Rolls Out Clear Channel App for Android

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Geodelic is backed by Clearstone Venture Partners, MK Capital, and Shasta Ventures. Santa Monica-based Geodelic , the developer of mobile location information applications headed by Rahul Sonnad, has rolled a new mobile application from Clear Channel.

Titan Gaming Taps Pierce, McCurdy For Board

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Los Angeles-based Titan Gaming , the online gaming technology firm backed by the who's who of Southern California's angel investors, said today that it has added EA's Keith McCurdy and Affinity Media's Brock Pierce to its board, as well as appointed a number of executives.

Rubicon Projects Hires Investment Banker

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The firm said along with the announcement that it will be adding ad serving, forecasting, and other functionality to its system in 2010, and that it is taking an aim at current provider of ad server technology. Rubicon has raised over $42M in funding from Clearstone Venture Partners, Mayfield Fund, IDG Ventures and GE/NBC Universal's Peacock Equity Fund.

ThisNext Gets $1.2M More

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No details on the funding have been announced by the firm, however, the filing indicates that Clearstone Ventures Suman Mandal and Anthem Ventures' Bill Woodward remain on the company's board. Santa Monica-based ThisNext , which operates an online social shopping site and community, has raised another $1.2M in venture funding, according to a regulatory filing from the firm Thursday.

Report: Rubicon Project Nearing Deal With New Corp. For FAN

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Rubicon is venture backed by Clearstone Venture Partners, IDG Ventures, Mayfield, and others. According to a report today from Paidcontent.org, Santa Monica-based Rubicon Project , the online advertising firm founded by Frank Addante, is in talks with News Corp. to fold the firm in with the Fox Audience Network (FAN). The report cites sources close to the deal. Paidcontent reports that News Corp. would take an equity stake in post-merger Rubicon.

Rubicon Project Raises $18M, Buys Fox Audience Network

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Rubicon said that the new funding round came from News Corporation, Clearstone Venture Partners, IDG Ventures Asia, Mayfield Fund, NBC Universal's Peacock Equity Fund and Jarl Mohn. As part of the announcement, Rubicon said it will have over $100M in revenues in 2010. Santa Monica-based Rubicon Project said this morning that it has raised $18M in additional funding, and acquired the Fox Audience Network (FAN) from New Corporation.

Integrien Introduces Capacity Management Software

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Irvine-based Integrien , the IT management firm backed by Clearstone, Acartha Group, Mariner Capital Ventures, and the Tech Coast Angels, said today that it has rolled out a new automated capacity management software product called AliveRCM. According to Integrien, the new software package gives IT operations staff an understanding of capacity of IT operations.

Rubicon Project: $100M+ In Revenues This Year, Profitability In Q4

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Addante said the firm--which has taken $42M in venture capital from Clearstone, Mayfield, IDG, and Peacock Equity fund--is on track to achieve the "ultimate test of success" for any startup, profitability. Santa Monica-based Rubicon Project , the online advertising optimization firm founded by Frank Addante, is on track to do $100M in revenues this year and will reach profitability in Q4, according to a blog post by Addante Tuesday afternoon.

Integrien Raises $8M

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According to the firm, the round was led by Clearstone Venture Partners, and also included Acartha Group and Mariner Capital Ventures. Irvine-based Integrien , a developer of performance analytics software, said today that it has raised another $8.0M in a new funding round. Integrien said the new funding will go to accelerate growth in both its direct and indirect sales channels.

Rubicon Project Debuts New Product

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Los Angeles-based Rubicon Project , the developer of online advertising optimization tools funded by Clearstone Venture Partners, Mayfield Fund, IDG Ventures and Peacock Equity Fund, said today that it has rolled out a new product called REVV for demand.