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Interview with Fouad ElNaggar, Redpoint Ventures

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Redpoint Ventures is one of the venture capital firms which has straddled both Northern California and Southern California, with offices in both locations. It would be interesting to hear about where your interests are nowdays, there was a rumor Redpoint had backed off activity here lately.

Redpoint's Fouad ElNaggar Departs Firm

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In another switchup for venture capital firm Redpoint Ventures efforts in Southern California, Fouad ElNaggar , who had been covering Redpoint's investment efforts in Los Angeles, has departed the firm. fouad elnaggar redpoint venture capital executive cbsi

Los Angeles Startup Community

SoCal CTO

I was just talking with someone who's new to Los Angeles and wanting to connect into the Los Angeles Startup Community. I told them that I had recently seen several posts/articles talking about how vibrant the community has become. As is usual, I couldn't remember where I had seen those posts. So, I promised I would create this post to help point them in the right direction. I will do my best to keep this up to date.

Los Angeles Startup Community

SoCal CTO

I was just talking with someone who's new to Los Angeles and wanting to connect into the Los Angeles Startup Community. I told them that I had recently seen several posts/articles talking about how vibrant the community has become. As is usual, I couldn't remember where I had seen those posts. So, I promised I would create this post to help point them in the right direction. I will do my best to keep this up to date.

Interview with David Aronchick, Hark

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Last week, we talked with Fouad ElNaggar of Redpoint Ventures about some of the interesting companies in Southern California. Hark is backed by Redpoint, and happens to be co-founded by Fouad. Was Fouad with Redpoint at the time? However, Redpoint still wanted to go in.

The Challenges (& Opportunities) of Starting a Tech Company in LA

Jason Nazar

I recently hosted a panel at the Twiistup Conference about LA tech companies. I asked the panelists ( David Travers , Brian Norgard , Fouad ElNaggar , & Demian Sellfors ) about the specific challenges that we face down here in Los Angeles as opposed to Silicon Valley.

Looking At LA's Technology Future with Derek Norton

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We also put together the Series B with Redpoint for Machinima.

Clicker Acquired By CBS Interactive

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Clicker was venture backed by Benchmark Capital, JAFCO, Redpoint Ventures, and Blake Krikorian, and had raised around $21M in funding. Los Angeles-based Clicker.com , the provider of a guide to online video, has been acquired by CBS Interactive , the firms said Friday.

Report: WebVisible Shuts Down

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The company has not yet confirmed the shutdown, however, founder and CEO Kristen Mangers had left the firm in January in 2011. WebVisible had raised over $37M in venture capital, from such investors as Adams Street Partners, Redpoint Ventures, and Sutter Hill Ventures. Irvine-based online advertising firm WebVisible has shut down, according to a report Wednesday. Former WebVisible employees had been telling socalTECH over the last few months that the firm was looking for a buyer.

Machinima Raises $3.4M

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Machinma is venture backed by Redpoint Ventures, MK Capital, and others. Los Angeles-based Machinima , which operates a video entertainment network for video gamers and develops associated animated content tools, has raised $3.4M as part of an ongoing, $5.0M fundraising round, according to a regulatory filing from the firm. Source of the new funds have not yet been announced by the company. READ MORE>>. machinima venture capital videogame video game fundraising fund

Chill Links Into Hulu

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Chill is venture backed by Kleiner Perkins Caufield & Byers, Redpoint Ventures, Atlas Venture, and CrunchFund. Los Angeles-based Chill , the social chat startup headed by Brian Norgard and Dan Gould, said today that it has launched a major integration of its site with Hulu. Chill allows users to view, chat, and comment on live video streams via social rooms, complete with avatars representing users.

Topspin Adds Discounts For Multiple Accounts

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Topspin is headed by former Yahoo Music GM Ian Rogers, and backed by Foundry Group and Redpoint Ventures. Los Angeles-based Topspin , the developer of online marketing and commerce software for musicians and music labels, announced this morning that it is now providing discounted, multiple account software for record labels, marketing agencies, and others. Topspin said its new offering, called Label Pricing, will provide batched account upgrades for a single price.

Chill Rolls Out Music Lounges, Streams TC Disrupt

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Separately, the firm said the streaming of TechCrunch Disrupt is its first branded custom community; TechCrunch founder Michael Arrington is an investor in Chill, as are Kleiner Perkins Caufield & Byers, Redpoint Ventures, Atlas Venture, and Paul Kedrosky.

Topspin Media Opens Up Signups

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Topspin is venture backed by Foundry Group and Redpoint Ventures. Los Angeles-based Topspin Media , the music marketing and software firm headed by Ian Rogers, has opened up general signups for its service, the firm said Wednesday in Austin. Topspin--which has been operating in an invite-only mode since 2008--said it will now allow "all comers" to use the service.

SVnetwork Names Marketing Head

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SVnetwork is backed by Redpoint Ventures, Jafco Ventures, and Pinnacle Ventures. Los Angeles-based SVnetwork (SocialVibe) said today that it has named Larry Lieberman as Chief Marketing Officer at the social advertising firm. Lieberman has previously served at firms Aniboom, Virgin Comics, Virgin Animation, Comedy Central, Warner Music Group, and MTV. SocialVibe provides an online advertising platform which encourages users to share and engage with brands.

BetterWorks Bumps Round Size

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in the round at that time, led by Redpoint Ventures. Santa Monica-based BetterWorks appears to have bumped the size of the funding round it announced in August, according to a regulatory filing from the firm Wednesday. According to the filing, BetterWorks is now looking to raise a total of $9.14M in the firm's Series A round, which had been announced in August. BetterWorks had said it had raised $8.0M

Chill Gets $1.5M

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The site--which was originally a project of Namesake--gained funding from Kleiner Perkins Caufield & Byers, Redpoint Ventures, Atlas Venture, Paul Kedrosky, and Michael Arrington of TechCrunch. Los Angeles-based Chill , the online video discussion website headed by Brian Norgard, has raised $1.5M in angel funding, according to the firm's angel investment backers.

2tor Finds $32.5M

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The funding came from Highland Capital, Redpoint Ventures, Novak Biddle Venture Partners, and CityLight. New York-based 2tor , the online education startup which powers online degree programs from the University of Southern California (USC) and others, has raised $32.5M in a Series C funding. Greg Martin, of Los Angeles-based Archer Venture Capital, sits on 2tor's board. 2tor also has operations near USC. READ MORE>>. 2tor venture capital funding education degree startup

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Topspin Releases Ticket App To App Store

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Topspin--which is backed by the Foundry Group and Redpoint Ventures--develops software which helps artists market their music, and is headed by Ian Rogers, the former GM of Yahoo Music. Venice, California-based Topspin Media , the venture backed developer of music marketing software and applications, has released its venue ticketing software to the Apple App store. The app allows music venues to scan paper and smart-phone tickets sold through Topspin's software using their iPhone.

Topspin Preps Updated iPhone Ticket App

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Topspin is venture backed by the Foundry Group and Redpoint Ventures, and Ian Rogers is the former GM of Yahoo Music. Venice, California-based Topspin , the online music marketing software firm headed by Ian Rogers, said today that it is prepping an update to the firm's iPhone application for ticketing. The software is used by Topspin's customers to scan tickets sold through Topspin's software.

Betterworks Plans Expansion To OC, San Diego, Austin, and NYC

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BetterWorks is headed by Paige Craig, one of the most prolific angel investors in the Los Angeles area, and is venture backed by Redpoint Ventures. Santa Monica-based BetterWorks , the provider of a technology based, employee fringe benefits programs, said today that it is planning to expand to Orange County, San Diego, Austin, and New York in the next month.

Rustic Canyon Backs Social Shopping Site

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The round came from new investor Rustic Canyon Partners, and also included prior investors Blumberg Capital and Redpoint Ventures. Los Angeles-based venture capital firm Rustic Canyon is the lead investor in a round of funding from a social shopping site out of Y Combinator. According to Mertado , a social shopping service which links users with home and kitchen products via Facebook said Wednesday that it has raised $2.3M in a Series A round.

BetterWorks Gets $8M

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According to the firm, the round was led by Redpoint Ventures, and will go towards hiring, expansion, and continued development of its platform. As part of the funding, Redpoint's Satish Dharmaraj joins the company's board of directors. Los Angeles-based BetterWorks , the employee benefits platform provider headed by Paige Craig, announced today that it has raised $8M in a Series A funding round.

Betterworks Ramps Hiring, Looks To Hire 50

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Testifying to the rapid growth rate at which local startups operate, Santa Monica-based BetterWorks , the online employee benefits and perks firm headed by Paige Craig, revealed Tuesday that it is expecting to expand its team to over 80 people, after inking a round of funding from Redpoint Ventures.

SocialVibe Ties Into Facebook Credits

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SocialVibe is venture backed by Norwest Venture Partners, Redpoint Ventures, Jafco Ventures, and Pinnacle Ventures. Los Angeles-based SocialVibe , the social advertising firm headed by Jay Samit, said Thursday afternoon that it has linked into the Facebook platform, and will allow people to earn Facebook Credits through engaging with its video engagements.

OneLogin Powers Wealthfront

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OneLogin is venture backed by Charles River Ventures and Redpoint Ventures. Santa Monica-based OneLogin , a developer of single sign-on software, is powering the login capabilities for wealth management site Wealthfront , the firms said today. According to OneLogin and login solution provider Yubico, they have jointly implemented a solution for Wealthfront which allows Wealthfront's employees to securely access corporate web applications. Financial details of the win were not disclosed.

Mission Ventures' Lee Departs For Stealth Startup

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Lee has previously served in associate and intern roles at Riordan, Lewis & Hayden and Redpoint Ventures, and prior to that was at Cisco Systems. Jeff Lee , a senior associate at San Diego- and Los Angeles-based Mission Ventures , has quietly left the firm to head up a newly founded, stealth startup, according to Lee's LinkedIn profiles and bounced emails to his Mission Ventures address. Lee was helping to provide Mission Ventures with coverage of the Los Angeles area.

Chill Launches Livestreaming Lounge

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Chill is backed by Kleiner Perkins Caufield & Byers, Redpoint Ventures, Atlas Venture, Paul Kedrosky, and Michael Arrington. Los Angeles-based Chill , the social video streaming service created by Brian Norgard and Dan Gould, said Wednesday afternoon that it has launched a new feature around its "Chill Lounge".

BetterWorks Adds Discovery, Advanced Ordering

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BetterWorks has been growing its staff since an $8M funding round announced at the beginning of August; the firm's funding was led by Redpoint Ventures. Santa Monica-based BetterWorks , the employee perks and benefits startup headed by Paige Craig, said Wednesday that it has updated its product, adding new perk discovery features, and advanced ordering of perks.

SocialVibe Aims Product At Politics

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The firm is venture backed by Norwest Venture Partners, Redpoint Ventures, Jafco Ventures, and Pinnacle Ventures. Los Angeles-based SocialVibe , the online advertising firm run by Jay Samit, said today that it has launched a new, political advertising solution ahead of the 2012 elections.

SocialVibe Gets $20M More

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The funding was led by Norwest Venture Partners, and also included Redpoint Ventures, Jafco Ventures, and Pinacle Ventures. Los Angeles-based SocialVibe , the provider of social advertising software and technology, announced today that it has raised $20M in additional equity funding. Jeff Crowe of Norwest Venture Partners joins the company's board as part of the funding. SocialVibe is headed by Jay Samit. The company said the new funding will go towards growth efforts.

Interview with Robert Flynn, Aggregage

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Since then, that company has been able to get Benchmark and Redpoint, and Jim Lanzone is doing a great job with Clicker. In the quest to own the world of Internet content, there has been a huge amount of focus given to the world of consumer Internet content. However, one area has mostly been ignored, which is vertically focus, business-to-business information.

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2tor Lands $750K

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The firm has previously raised funding from Highland Capital, Redpoint Ventures, Novak Biddle Venture Partners, and City Light Capital. New York-based 2tor , a startup which helps universities develop online degree programs, has just raised $750,000 in additional funding, according to a regulatory filing by the firm Monday. 2tor is powering online degree programs from universities, including the University of Southern California, and has operations in Los Angeles. READ MORE>>.

True(X) Media Finds $6M

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The online advertising technology provider said the funding came from prior backers Jafco Ventures, Pinnacle Ventures, Norwest Venture Partners and Redpoint Ventures. The name change for SocialVibe is at least the fourth rebranding/renaming/refocusing of the company since inception, having swapped its name from Archetype Media to SocialVibe, then switching to become SVNetwork, then back to SocialVibe again in 2011.

United Online's Helfand Departs, Joins Auditude

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Auditude is venture backed by Granite Ventures, Silicon Valley Bank, Greylock Partners, and Redpoint Ventures; the appointment of Helfand came in conjunction with a new, $11M Series B funding round for Auditude. Jeremy Helfand , the President of United Online 's Media Group, has departed the Woodland Hills-based firm and ended up at a Palo Alto startup. According to Palo Alto-based Auditude this morning, Helfand has joined the company as CEO.

Internet Machines Sues Best Buy, EMC, Fusion-IO, Others

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Internet Machines--which was later renamed IMC Semiconductor--had been backed by Exar Corporation, Meritech Capital, Morgan Stanley, Redpoint Ventures, and Scale Venture Partners, and was based in Agoura Hills. The firm which owns the patents of defunct PCI Express switching chip firm Internet Machines , which was based in Agoura Hills, has filed suit against a long list of defendants claiming patent infringement.

Former LA VC Gets Backing For Enterprise Alerting, Micro Apps Startup

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Fouad ElNaggar , a former venture capitalist who had been responsible for the Los Angeles office of Redpoint Ventures, has scored funding for a new startup, Sapho. ElNaggar was in Redpoint's LA offices from 2005 until 2011, and had stints on the boards of Machinima and Hark, among other companies. redpoint elnaggar fouad capital venture employees software alerts enterprise sapho

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Rustic Canyon Gets Quick Exit At Mertado

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in a round from Rustic canyon, Redpoint Ventures, Y Combinator, and Blumberg Capital. Rustic Canyon had led the September 2011 investment in Mertado. Los Angeles-based venture capital firm Rustic Canyon Partners has scored a quick exit at Redwood City-based Mertado , after Mertado said Friday that it has been acquired by daily deals site Groupon. Financial terms of the acquisition were not disclosed, however, the acquisition comes only four months after Mertado raised $2.3M

What Mattered in 2010: Greg Martin, Archer Venture Capital

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I left a great firm, Redpoint Ventures (after 11 years), to start a new firm, Archer Venture Capital. These companies have all experienced growth and we're expecting substantial value creation in 2011.

This Week in VC with Dana Settle of Greycroft Partners

Both Sides of the Table

CEO hinted to WSJ that it may go public in early 2011. Current rount: $8.14mm in Series A from Redpoint (lead), Foundry Group, with previous investors, First Round Capital, Lowercase Capital (Chris Sacca), Ravi Narasimham.