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4 Keys To A Successful Integrity Check With Investors

Startup Professionals Musings

This is the mysterious and dreaded due diligence process, which can kill the whole deal. Some entrepreneurs do very little to prepare for due diligence, assuming all the talking has already been done, and the business plan and results to-date tell the right story. My best advice is to stick to the middle ground.

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What Does the Post Crash VC Market Look Like?

Both Sides of the Table

The market was down considerably with public valuations down 53–79% across the four sectors we were reviewing (it is since down even further). ==> Aside, we also have a NEW LA-based partner I’m thrilled to announce: Nick Kim. First in late-stage tech companies and then it will filter back to Growth and then A and ultimately Seed Rounds.

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SpotOn raises $300M at a $3.15B valuation and acquires Appetize

TechCrunch LA

Advisors Douglas Merritt, CEO of Splunk, and Mike Scarpelli, CFO of Snowflake, also made individual investments as angels. SpotOn is paying $415 million in cash and stock for the Los Angeles-based company. The acquisition of Appetize extends SpotOn’s reach to the enterprise space in a major way.

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7 Goodwill Factors Will Raise Your Business Valuation

Startup Professionals Musings

In my experience as an angel investor to startups, goodwill disagreements are perhaps the most common reason that you will fail to close interested investors as an entrepreneur. The same goes for business deals that fail during acquisitions or when it is time for you to retire. Quality of your technical and business teams.

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Amazon Investigation Accidentally Uncovered Massive Chinese Hacking

socalTECH

A new report, published this morning by Bloomberg, says that a massive Chinese hacking effort --involving the implantation of tiny devices on computer motherboards--was uncovered due to due diligence efforts made by Amazon , as part of its acquisition of Elemental Technologies back in 2015. READ MORE>>.

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What You Missed On Your Holiday Vacation, SoCal Technology Edition

socalTECH

Surf Air ($2.6M, Los Angeles, subscription aircraft service). Acquisition of note: Nexsan Acquired For $120M, by Imation. Southern California's Most Popular Tech Stories. LaunchpadLA Opens Up Spring Applications. Ignyta ($6M, San Diego, personalized medicine). Independa ($5M, San Diego, software for senior independence).

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Magnite Raises $400M In Convertible Note Offering

socalTECH

Los Angeles-based advertising technology developer Magnite--formerly known as Rubicon Project--said it raised $400M in a convertible note offering. The company said the 0.25% convertible senior notes due 2026 included the exercise of an option to purchase $50M of additional notes to its initial purchasers.