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Siemer & Associates Acquired By Chinese Investment Bank

socalTECH

Santa Monica-based investment banking firm Siemer & Associates , which has focused on the technology and media sector, has been acquired by Chinese investor CEC Capital Group. Financial terms of the acquisition were not announced. CEC said it has entered into a definitive agreement to acquire 100% of Siemer & Associates.

Invest 100
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EVgo Goes Public Via SPAC

socalTECH

Los Angeles-based electric vehicle charging network operator EVgo said early on Friday morning that it will be going public, via an acquisition by a special-purpose acquisition company (SPAC). EVgo said that it expects to receive $575M in net proceeds, which it will use to fund and accelerate its growth strategy and network buildout.

.Net 113
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Blacksmith Medicines Merges With Forge Therapeutics

socalTECH

San Diego-based Blacksmith Medicines and Forge Therapeutics said Monday that the two companies are in a definitive merger agreement. MagnaSci Ventures, MP Healthcare Partners, Alexandria Venture Investments, and Eli Lilly. Financial details of the merger were not announced. Blacksmith Medicines says it is backed by Evotec A.G.,

San Diego 100
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Oversee.net Buys Crash City Guides

socalTECH

The company was founded by Erick Laubach, and was backed by Idealab, which had invested in the company back in February of last year. The LABJ reports the acquisition price was "below $1 million". Laubach had hoped to make Crash into the definitive place to find photo-worthy, tourist attractions close to you. READ MORE>>.

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On Funding?—?Shots on Goal

Both Sides of the Table

I’ve definitely been wrong on market value. In short: Access to great deals, ability to be invited to invest in these deals, ability to see where value in a market will be created and the luck to back the right team with the right market at the right time all matter. I’ve sometimes been right about the market value but too early.

Funding 294
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Blackline: On Track For $40M+ Revenues This Year

socalTECH

It looks things are definitely growing at financial software firm Blackline Systems , as the firm clarified that it actually did just over $25M in revenues in 2012, and is on track to have $40M plus in revenues for 2013. blackline systems accounting software expansion merger acquisition silver lake' READ MORE>>.

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5 Questions To Consider When Contemplating Advisors

Startup Professionals Musings

Many entrepreneurs I know are confused by the definition and need for an Advisory Board versus a Board of Directors. By definition, Advisory Boards are voluntary and have no fiduciary responsibility. I suggest a few simple considerations will clarify the alternatives. How much are you willing to spend on your board?

Allegis 139