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Report: LegalZoom Nears IPO

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Glendale-based LegalZoom , the online legal documents site which was co-founded by Brian Lee and lawyer Robert Shapiro, is reportedly about to file for its IPO, according to a report today. Reuters, citing sources close to the firm, said the filing is expected in coming weeks. Brian Lee now heads up fashion site ShoeDazzle. READ MORE>>.

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Internet Brands Acquisition Worth $1.1 Billion, Says Report

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billion, according to a report from the New York Times. The report cited two un-named, unauthorized sources. KKR is buying Internet Brands from current private equity owners Hellman & Friedman and JMI Equity, who paid around $640M for Internet Brands back in 2010. READ MORE>>.

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GDP Talk Trends 2010

SoCal Tech Calendar

Thursday, February 4, 2010 -- GDP Talk Trends 2010. Fast Company reporter Greg Ferenstein, CitySourced's founder Kurt Daradics and Adam Mefford of MindShare LA) present ideas about trends and realities facing today's world from education and finance to the blending of the personal and professional in the social media world.

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LA Leads In Entrepreneurs, Says Report

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The information came out in the annual index, which showed that while 2010 had a very high startup rate--the highest in 15 years--those new businesses are not generating jobs. The report covers all business entrepreneurs, not just those in the high tech industry.

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Demand Media Reports Profit

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Santa Monica-based Demand Media , the internet publishing firm headed by Richard Rosenblatt, reported its fourth quarter and fiscal 2010 results today, the first as a public company. for Q4 of 2010, up 33 percent from the $55.5M The firm also reported net income of $1.0M, versus $3.9M The firm reported net loss of $5.3M

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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

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A new report released today tallies up $7.7 The report--compiled by Ocean Road Partners--included both venture-backed and self-financed information technology companies. Compared with 2010, the report found an increase of 296 percent over exits in 2010, when $2.6 billion in liquidity was generated in the sector.

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Viewdle Being Acquired By Google, Says Report

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Viewdle , a developer of computer vision technology which is venture backed by Anthem Ventures and Qualcomm, among others, is in the midst of an acquisition by Google , according to reports today. The original report came via Forbes, with followup from TechCrunch. TechCrunch said the acquisition is worth around $30M. READ MORE>>.

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