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Techstars LA Draws International Companies For 2021 Class

socalTECH

Techstars LA, the startup accelerator headed up by Matt Kozlov, announced its 2021 class this week, drawing an international group of twelve new companies to its startup accelerator in Culver City.

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

Should SaaS companies trade at a 24x Enterprise Value (EV) to Next Twelve Month (NTM) Revenue multiple as they did in November 2021? But it will be patiently deployed, waiting for a cohort of founders who aren’t artificially clinging to 2021 valuation metrics. By 2021 we had to write a $3.5m

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Classy: More Than $1.1 Billion Raised For Nonprofits

socalTECH

billion was raised by its nonprofit customers on its platform in 2021. San Diego-based nonprofit fundraising software developer Classy says that more than $1.1 The company--which helps nonprofits reach out to donors--said about $30.8 million of that was in recurring donations on its platform.

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LA’s Replicated looks to increase R&D and hiring for its operations management software after raising $25 million

TechCrunch LA

The company, which currently has 28 employees expects to grow to 75 staff members by the end of 2021, Miller said. The on-prem software market is four times larger than the SaaS market,” Miller said in a statement. It’s about how they automate the integration of the applications.”

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Reflections on 2020: Nick Hedges, MomentFeed

socalTECH

What are you most looking forward to in the technology/startup world in 2021? The shift to consumers starting nearly every purchase with localized organic search appears to be permanent for brick and mortar businesses, so we have an immense opportunity to innovate in 2021 to help our client brands continue to adapt and succeed.

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LogicMonitor Names New CEO

socalTECH

According to LogicMonitor, it saw more than $150M in annual, recurring revenues and 50 percent year-over-year growth in 2021. McGibben is shifting to become Executive Chairman of the company. Kosmowski was most recently President of the firm. Lee was most recently CFO of Wrike and GoodData, and Corkery most recently the CRO of Boomi.

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Down bad

TechCrunch LA

Few companies have to deal with the stressed of both crypto and public markets like Coinbase which laid off more than 1,100 people this week, but plenty of startups raised mega-rounds in 2021 to theoretically future-proof their companies. As Celsius accelerates the crypto sell-off, who pays the price?