socalTECH

JUNE 17, 2013

The amount of capital invested in Fisker makes the company the highest profile flameout ever in Southern California''s startup history, far surpassing the mere $375M in venture capital raised of of prior record holder Amp''d Mobile from back in 2007. billion dollars in private and public funds, according to Reuters. READ MORE>>.

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Layoffs Southern California Venture Capital Acquisition 170

socalTECH

NOVEMBER 12, 2013

Costa Mesa-based Emulex said Monday that it is launching a cost cutting effort, a $200M stock buyback, and that Executive Chairman Jim McCluney will exit the company''s board in February. The move comes as Emulex has been looking for a private equity buyer to take the company private. READ MORE>>.

Layoffs 147

Layoffs Equity Acquisition Capital 147

Berkonomics

SEPTEMBER 24, 2015

Dave’s note: Our guest author this week is John Huston, founder of the 300+ member Ohio TechAngel Funds and a past Chairman of both the Angel Capital Association and the Angel Resource Institute. . There are only two types of companies -those which have achieved positive cash flow and those which have not. By John Huston.

Layoffs 120

Layoffs Sales Acquisition Startup 120

TechCrunch LA

OCTOBER 19, 2019

Popular messaging app Kik is, indeed, “here to stay” following an acquisition by the Los Angeles-based multimedia holding company, MediaLab. Livingston had tweeted that Kik had signed a letter-of-intent with a “great company,” but that it was “not a done deal.”

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Social Network Los Angeles Social Media Blogging 153

socalTECH

OCTOBER 12, 2016

Los Angeles-based fashion website NastyGal is apparently in the midst of a "cram down" round--a round where the current shareholders in a company essentially reset the equity structure of a company that usually forces non-participating investors to lose most, if not all of their stake in the company. READ MORE>>.

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Report Layoffs Equity Los Angeles 100

socalTECH

APRIL 13, 2020

Our interview today is with Greg Martin , co-founder of LiquidStock (www.liquidstock.com), an investment fund which offers up a way for employees of private companies to exercise their stock options before an IPO or acquisition. We raised $160M, and our core limited partners are Goldman Sachs, Morgan Stanley, and Coller Capital.

Startup 113

Startup Paramount Invest Capital 113

socalTECH

SEPTEMBER 26, 2008

Autobytel said it has hired RBC Capital Markets to explore "strategic alternatives" at the firm, which usually indicates that a company is looking for a buyer. The firm said it expects to save $10M annually as a result of the layoffs and elimination of other expenses. Autobytel provides marketing services for automotive dealers.

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Layoffs Invest Marketing Capital 100