Startup Professionals Musings

OCTOBER 26, 2020

The name “investment bank” somehow always sounded like a place where I could deposit my investments, and maybe even earn a little interest. Then I learned that these banks really negotiate investments and collect fees on the transactions, sort of like commercial banks do with loans to businesses. Very confusing.

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NOVEMBER 10, 2020

(Romeo Power) has raised new funding from recycling and solid waste company Republic Services. According to Romeo Power, Republic Services has exercised its option to acquire additional shares of Class A common stock in RMG Acquisition Corp. Romeo Power is in the midst of an acquisition by RMG Acquisition Corp.,

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OCTOBER 14, 2020

Santa Barbara- and New York-based Lead Edge Capital , a growth focused, technology investment fund, announced this morning that it has raised $950M in a new fund, Lead Edge Capital V, LP. The company said the funding came from over 500 existing and new limited partners, and was oversubscribed and closed at its hard cap.

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Startup Professionals Musings

JULY 16, 2023

The name “investment bank” somehow always sounded like a place where I could deposit my investments, and maybe even earn a little interest. Then I learned that these banks really negotiate investments and collect fees on the transactions, sort of like commercial banks do with loans to businesses. Very confusing.

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JUNE 15, 2017

Los Angeles-based mobile gaming developer Scopely has raised $60M in a new funding, the company announced on Thursday, in a round led by Revolution Growth. As part of the funding, Donn Davis of Revolution Growth will join the company's board. Scopely is led by Walter Driver. READ MORE>>.

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Startup Professionals Musings

APRIL 17, 2023

Thus your startup maturity and growth stage is the primary key to success with potential funding sources. My invention and prototype works, but I need funding to continue.” They call first investments at this stage the “A-round,” and often follow with a B-round through G-round. Congratulations!

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TechCrunch LA

SEPTEMBER 13, 2021

Last year at this time, SpotOn was on the brink of announcing a $60 million Series C funding round at a $625 million valuation. Advisors Douglas Merritt, CEO of Splunk, and Mike Scarpelli, CFO of Snowflake, also made individual investments as angels. With the new capital, SpotOn has raised $628 million since its inception.

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JUNE 10, 2019

San Diego-based Goal Structured Solutions , a consumer finance company that managed consumer and student loans, has acquired Skills Fund , a startup which offered up financing for students attending "coding bootcamps", the two said last week. Financial terms of the acquisition were not announced. READ MORE>>.

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AUGUST 14, 2013

According to NextSpace, its first expansion outside California comes via the acquisition of a coworking operator called The Coop. The investment came from a Chicago real estate and private equity investor, Lakewest, along with angels. nextspace venture capital coworking chicago coop merger acquisition' READ MORE>>.

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TechCrunch LA

JULY 29, 2020

After raising $15 million in financing from one of technology’s most successful global investment firms, the Los Angeles-based consumer goods rental company Joymode is selling itself to an early-stage retail investment firm out of New York, XRC Labs. “From day one, my belief was Joymode was going to be huge or dead. .”

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APRIL 30, 2019

San Diego-based Quality Built , a provider of third-party, quality-assurance services to the residential and commercial construction industry, has received a private equity investment from Los Angeles-based Gallant Capital Partners. Size of the investment was not announced. READ MORE>>.

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TechCrunch LA

FEBRUARY 11, 2021

Since the beginning of the year, three companies have been acquired by special purpose acquisition vehicles and are on a path to go public, while a third has raised tens of millions from some of the biggest names in private equity investing for its own path to commercial viability. One more deal soon followed. billion valuation.

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FEBRUARY 5, 2018

The company--which trades on the NYSE as LFGR--said the funds would go to working capital and general corporate purposes, plus to acquire or invest in complementary businesses, products and technologies. Leaf Group says it does not have any specific acquisitions in mind. Leaf Group was last known as Demand Media. READ MORE>>.

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Startup Professionals Musings

APRIL 11, 2022

New entrepreneurs are always looking for a shortcut in getting their venture story and plan across to investors, and closing on the funding they need. As a former angel investor, I look for this level of alignment and understanding in every funding presentation I hear. Every startup looking for investment needs a solid partner story.

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Berkonomics

JUNE 29, 2017

If you have been following our recent insights, you’ll be up to speed knowing that professional investors negotiate tough terms, from provisions of control over asset acquisition, eventual sale of the company, future investments, forced co-sale when others attempt to sell their shares and more.

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OCTOBER 29, 2019

Los Angeles-based mobile games developer Scopely has raised a $200M, Series D funding, which it says it will use for acquisitions, the company announed early this morning. The company was founded in 2011, and has now raised over $487M in total funding since founding. READ MORE>>.

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FEBRUARY 2, 2018

Irvine-based Bitvore , the big data, artificial intelligence, and data analytics startup, has upped its latest funding round to $14.2M, as part of what appears to be an ongoing $17.75M funding effort. The company's CEO, Jeff Drake, was a founder at Access360 (acquired by IBM), and also served at IBM, Akana, and ServiceMesh.

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Artificial Inteligence Tech Coast Angels Funding IBM 170

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SEPTEMBER 18, 2014

Los Angeles-based Docupace Technologies , a provider of electronic processing technology aimed at the financial institutional and wealth management industry, said today that it has raised a round of funding from RCS Capital Corporation. The new investment gives RCS Capital a majority stake in Docupace. READ MORE>>.

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SEPTEMBER 26, 2017

The Creative Artists Agency (CAA), the entertainment and sports agency which also is an active investor and partner of technology and media companies here, said this morning that it has received a an investment from Temasek , the $200 billion Singapore investment company. READ MORE>>.

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MARCH 28, 2019

San Diego-based treasury and finance software developer Kyriba announced late Wednesday that it has raised $160M in a growth funding round, from private equity investor Bridgepoint. According to Kyriba, the investment round will give Bridgepoint a majority stake in its business, and values the company at $1.2 READ MORE>>.

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JANUARY 22, 2014

in funding, the company said Tuesday. The funding round came from Gladstone Investment Corporation and Gladstone Capital Corporation. According to the online retailer, the funding included $13.0M from Gladstone Investment, with the remainder from Gladstone Capital, giving it an ownership of a portion of BuyAutoParts.com.

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JANUARY 4, 2016

Irvine-based mobile accessory maker Incipio has scored an investment from private equity investor Goode Partners, the company announced this morning, via a minority investment. Incipio did not disclose the size of the investment. READ MORE>>.

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MARCH 30, 2017

The record, $2 billion acquisition of Irvine-based TV maker Vizio has hit some serious turbulence, with reports saying that the deal may be abandoned or cancelled , due to issues China's recent restriction of moving capital overseas. READ MORE>>.

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AUGUST 23, 2017

in a Series J Convertible Preferred Stock financing, and has engaged an investment banking firm to "explore strategic alternatives" for the company. The publicly held company, which trades on the Nasdaq at MBVX, said the new funding will go toward working capital and general corporate purposes.

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JUNE 3, 2021

El Segundo-based human capital and policy management software developer NEOGOV, which is led by Shane Evangelist, has scored a round of funding from private equity giants The Carlyle Group and Warburg Pincus. The size of the investment--described as "significant"--was not announced. Warburg Pincus had an existing stake in NEOGOV.

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OCTOBER 12, 2016

Los Angeles-based Edlio , a developer of a cloud-based, software product used by schools and school districts to build and manage school websites, has raised $40M in a funding round. The funding came from L Squared Capital Partners. Edlio is led by CEO Ali Arsan.

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MAY 1, 2019

Santa Monica-based advertising startup VideoAmp said on Wednesday that it has raised a big $70M funding round, led by the Raine Group, and also included Ankona Capital, Mediaocean, and RTL Group. The company, which develops cross-platform advertising, said it will use the funding to build out its team, as well as for acquisition.

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Both Sides of the Table

SEPTEMBER 15, 2022

What You Can Learn From Public Markets It doesn’t really take a genius to realize that what happens in the public markets will filter back to the private markets because the ultimate exit of these companies is either an IPO or an acquisition (often by a public company whose valuation is fixed daily by the market). It’s just math.

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Startup Professionals Musings

OCTOBER 14, 2022

The key elements of leadership in a company, both individual and organizational, are less tangible, but very critical in setting a market value for investment, acquisition, or going public. In the investment community, these leadership elements are often called “goodwill.”

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JANUARY 14, 2015

San Diego-based TVC Capital , the software-focused, growth equity investment firm founded by Jeb Spencer and Steve Hamerslag has raised a big, $115M software fund, the company said Wednesday. The fund said that TVC Capital III was oversubscribed, and closed in only 90 days. million in revenues. million in revenues. READ MORE>>.

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JANUARY 22, 2021

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.

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TechCrunch LA

JUNE 10, 2021

Just over three months after its last funding round, European fintech giant Klarna is announcing today that it has raised another $639 million at a staggering post-money valuation of $45.6 We’ve scaled up so massively in investments in our growth and technology, but running on a loss is very odd for us,” he told TechCrunch. “We

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JULY 27, 2016

The The Stage Fund , a investment and acquisition firm focused on acquiring turnaround companies, has tapped a longtime Southern California entrepreneur, Dan Tamkin , as a new Managing Partner in Los Angeles. According to the fund, Tamkin will be setting up a West Coast office for the fund, which is based in Denver, Colorado.

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APRIL 22, 2013

FastSpring , the fast growing Santa Barbara-based e-commerce payment services provider headed by Dan Engel, said today it has scored a funding round from Pylon Capital, a Los Angeles-based investment firm. Size of the funding round was not disclosed. acquisition merger capital venture pylon fastspring' READ MORE>>.

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SEPTEMBER 15, 2021

Financial details of the acquisition were not announced. SpotOn announced the buy along with a $300M, Series E funding round. Appetize was venture backed by such investors as 32equity, the investment arm of the NFL, as well as Oak View Group and Shamrock Capital Advisors. SpotOn said its funding round values the company at $3.15

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SEPTEMBER 12, 2012

San Diego-based private equity firm TVC Capital , which is led by Jeb Spencer and Steven Hamerslag, has closed on a new, $75M growth equity and buyout fund, the firms said today. The new fund, TVC Capital II came from private equity fund of funds, institutional asset managers and family offices. READ MORE>>.

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Capital Funding Equity San Diego 133

Both Sides of the Table

APRIL 19, 2011

He is very hands-on and helpful – especially for any company looking into customer acquisition. Matt’s commitment to re-investing in tech startups is reminiscent to this great Fred Wilson post of “recycling capital. &#. Backstopping is when banks feel they are protected by VC’s investing in the company.

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