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MomentFeed Acquired By Uberall

socalTECH

Los Angeles-based MomentFeed, which develops location-based services and location marketing software for bricks and mortar retailers to better manage information on their locations, hours, and other information, has been acquired by Uberall, a Berlin-based provider of marketing software.

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Wavemaker Portfolio Firm, Phunware, Goes Public Via Reverse Merger

socalTECH

Los Angeles-based venture investor Wavemaker Partners has seen one of its portfolio companies hit the public markets, albeit via an unusual, reverse merger arrangement. Stellar is a so-called "blank check acquisition company" specifically designed to for reverse mergers.

Draper 153
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payvia Buys Mogreet

socalTECH

Financial details of the acquisition were not announced. According to payvia, the deal will allow it to offer a solution which includes mobile payments, user targeting and mobile marketing. Mogreet was venture backed by Ascend Venture Group, Black Diamond Ventures, DFJ Frontier, Draper Associates, and Spyglass Ventures.

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Genomatica Drops IPO Plans, Raises $41.5M

socalTECH

The firm, which had filed for a $100M IPO in August of 2011, said in a withdrawal of its registration, that it has determined not to proceed with its IPO, "in light of current market conditions." The firm announced that instead, the company has raised $41.5M The firm announced that instead, the company has raised $41.5M READ MORE>>.

Draper 113
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Genomatica Files For IPO

socalTECH

San Diego-based Genomatica , a developer of renewable chemicals technology, has filed for an IPO, saying today that it is looking to raise up to $100M in an IPO on the Nasdaq Global Market. Genomatica said it has applied to list under the symbol "GENO". The firm's IPO is being underwritten by Morgan Stanley, J.P. READ MORE>>.

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Interview with Jeb Spencer, TVC Capital

socalTECH

It was interesting to see the acquisition of Accordent - it seems unusual to have only put in $4M in to a company in so many years, and yet you had a good exit? The market was probably $100 million or less when we first looked at Accordent. We believed that in the pure venture market, it's hard to compete.

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2011 May be the Year of the IPO for Social Media

Startup Professionals Musings

Draper III, in his new book titled “ The Startup Game.” According to Draper, in addition to the above Rule Number One, there are many other questions that need to be answered before a CEO should recommend to the board that it is time for an IPO: Do you really need the money? The market is moving back up, but slowly.