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Clearstone's Sumant Mandal On Exits, Opportunities

socalTECH

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 a revenue multiple sale. The other three have been acquisitions, all of which are in the three digit sorts of millions, hundreds of millions, that sort of range.

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Rubicon Project Raises $18M, Buys Fox Audience Network

socalTECH

Rubicon said that the new funding round came from News Corporation, Clearstone Venture Partners, IDG Ventures Asia, Mayfield Fund, NBC Universal's Peacock Equity Fund and Jarl Mohn. Intead, the firm is using FAN's acquisition to add around 100 employees from FAN as part of its engineering and product team. READ MORE>>.

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This Week in VC – Scott Painter, CEO of Zag & TrueCar

Both Sides of the Table

Rumored to have turned down acquisition offers from Yahoo and Facebook. Current round: $20.0mm Series-B led by Andreesen Horowitz, with USV and O’Reilly AlphaTech Ventures. -Offers virality optimization tools and A/B testing inside Facebook. Company plans to use the capital to build out sales and marketing and r&d. -a

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TechZulu Presents: The Annual Startup Forecast

Tech Zulu Event

He has raised more than $200 million on behalf of his companies and led more than 30 acquisitions. He is currently a Managing Director of the Clearstone Global Gaming Fund and sits on the boards of IMI Exchange, Xfire, Playsino, ExpressCoin, GoCoin, FGL, Spicy Horse Games, KnCMiner.cn, Robocoin China and the Mastercoin Foundation.

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