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Had a great chat with Jim Armstrong who is a General Partner at Clearstone Venture Partners today on TWiVC. Clearstone currently invests out of a $200 million fund based in LA with offices in Menlo Park and in India. Segment One: Jim’s background and Clearstone’s investment strategy.
Over the last few months, Santa Monica-based Clearstone Ventures (www.clearstone.com) has had a number of high profile exits in its portfolio. It's not meaningful for the venture industry as a whole, because if you're investing in Series B, C, or D round investments, these are not meaningful. It's not a revenue multiple sale.
Los Angeles-based Rubicon Project , the online ad optimization firm headed by Frank Addante , announced this morning that it has hired investment banker Allen & Company. Rubicon also said in its announcement that it had year-over-year growth of 270%, and that during 2009 it made its first acquisition, of technology firm Others Online.
LeisureLink was venture backed by Clearstone Venture Partners and Mission Ventures, and also had received a strategic investment from Wyndham Worldwide. Clearstone''s Jim Armstrong joins VacationRoost''s Board of Directors as part of the deal. The company was led by Tom Lamb. READ MORE>>.
Local investments funds have had issues raising their new funds, and venture investors had started to hunker down with their portfolios, waiting for some sign of a thaw in the exit environment. investment investor capital venture angeles' For several years, the phrase "Los Angeles Venture Capitalist" had almost become an oxymoron.
billion stock-and-option acquisition by Yahoo in 1999. Geocities founder David Bohnett is now running his own investment firm, Baroda Ventures, which has become more active in recent months, and just hired on venture capitalist Peter Lee (formerly of Prism Ventures and Clearstone Ventures) as a Partner at the firm.
William Quigley , a venture capitalist at Clearstone Venture Partners, is making the argument that venture capital returns are set to return superior returns in the coming years, due to the disinterest of institutional investors. Disclosure: Clearstone is a sponsor of socalTECH). READ MORE>>.
The investment included $5M in equity funding from Clearstone Venture Partners, Mayfield Fund, and IDG Ventures Asia, and also included $8M in debt from Silicon Valley Bank. Rubicon said that the Series B follow-on funding will go twards strategic acquisitions, research and development, international expansion, and infrastructure.
Rumored to have turned down acquisition offers from Yahoo and Facebook. Incubated by Clearstone Ventures in 2008. Investing much of new cash to build presence in Android platform. Foursquare. -A A location based service which incorporates social and gaming elements. Currently has 1.8mm users and adding about 15,000 users/day.
A few months ago, Peter Lee --a venture local capitalist who has served at firms such as Prism Ventures and Clearstone Ventures Partners--joined a relatively unknown venture firm here in Southern California, Baroda Ventures (www.barodaventures.com). It was him investing his own money. or $1.5M, for our first investment.
We will also have some of the top companies present that each of the panelist has invested in. Our Panelist Include: Brock Pierce - Starting & Investing in Bitcoin, Games, and Gambling Businesses. He has raised more than $200 million on behalf of his companies and led more than 30 acquisitions.
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