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Grindr sold by Chinese owner after US raised national security concerns

TechCrunch LA

based company, San Vicente Acquisition Partners. The app, originally developed in Los Angeles, raised national security concerns after it was acquired by Beijing Kunlun in 2016 for $93 million. Reuters reports that the Chinese company sold its 98% stake in Grindr to a U.S.-based That ownership was later scrutinized by a U.S.

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Reflections on 2016: Jeb Spencer, TVC Capital

socalTECH

All this holiday season, we have been sharing the reflections on 2016 from the movers and shakers in Southern California's technology ecosystem. Jeb Spencer: We closed our nineteenth and twentieth software focused growth equity investments this year, a significant milestone for our firm. An interesting investment for our firm, the $16.5

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K1 Investment Management Sells San Diego's FMG Suite

socalTECH

Los Angeles-based private equity investor K1 Investment Management said this morning that it has entered into an agreement to sell San Diego-based FMG Suite to another private equity ivnestor, Aurora Capital Partners. Financial terms of the deal were not announced.

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LA gets a big SaaS exit as Fastly nabs the Culver City-based Signal Sciences for $775M

TechCrunch LA

Fastly said that the acquisition of Signal Sciences’ business will boost its ability to provide better security for applications and APIs — the connective fabric between different services that knit different technologies together behind the scenes. Signal Sciences secures $35 million investment to protect web apps.

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Bitvore Brings Latest Funding Round To $14.2M

socalTECH

According to a regulatory filing by Bitvore, the funding comes as part of an round which kicked off in December of 2016, and so far includes 36 investors.

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10 Answers That Make Your Startup Plan Investable

Startup Professionals Musings

Either of these qualms can ultimately sidetrack your startup as not worthy of investment, so it pays to do your homework on what you say and how to communicate effectively. Investors will be looking for a sizing validated by industry analysts large enough for good investment returns. Investors invest in people more than the idea.

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March Capital Partners Gets Exit As VMware Acquires VeloCloud

socalTECH

March Capital Partners is an investor in VeloCloud, and led VeloCloud's Series C funding in January of 2016. March Capital's investment in VeloCloud was led by Sumant Mandal. VeloCloud was one of the first four investments from March Capital's new $240M fund. READ MORE>>.

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