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True(X) Media Finds $6M

socalTECH

The online advertising technology provider said the funding came from prior backers Jafco Ventures, Pinnacle Ventures, Norwest Venture Partners and Redpoint Ventures. truex media socialcibe svnetwork venture capital online advertising technology' The company has now raised over $50.85M in funding since 2008. READ MORE>>.

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Report: WebVisible Shuts Down

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Irvine-based online advertising firm WebVisible has shut down, according to a report Wednesday. The company has not yet confirmed the shutdown, however, founder and CEO Kristen Mangers had left the firm in January in 2011. READ MORE>>.

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This Week in VC with Dana Settle of Greycroft Partners

Both Sides of the Table

We also talked about the emergence of New York City as the “hot” new area of entrepreneurship, VC and innovation driven by the quantification of the online advertising industry. CEO hinted to WSJ that it may go public in early 2011. It means that the investors can focus on the issues that one faces at that particular stage.