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This Week in Venture Capital – Episode 2

Both Sides of the Table

I was on This Week in Venture Capital (TWiVC) again this week with Jason Calacanis. Bill Gross is the man responsible for the overwhelming amount of monetization on the web. Plus, a TweetUp already means a meet up in a city organized through Twitter. I think everybody heard about this acquisition.

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SpotOn raises $300M at a $3.15B valuation and acquires Appetize

TechCrunch LA

With the new capital, SpotOn has raised $628 million since its inception. The latest investment is being used to finance the acquisition of another company in the space — Appetize, a digital and mobile commerce payments platform for enterprises such as sports and entertainment venues, theme parks and zoos. Image Credits: SpotOn.

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Reliam Gets $75M For Managing The Public Cloud

socalTECH

Los Angeles-based Reliam , which provides managed services to help companies manage their operation on public cloud services like Amazon Web Services, has received a $75M commitment from private equity investor Great Hill Partners. According to the companies, the funding will go towards funding acquisitions, as well as for organic growth.

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Reflections on 2018: Rob Freelen, Silicon Valley Bank

socalTECH

If you measure success by exits, the Ring acquisition by Amazon and Cylance acquisition by Blackberry, each for $1 billion, were among the biggest stories of 2018. Signal Sciences, a Culver City web application security company, is adding impressive clients and just closed a $30M Series C that will help it continue to scale.

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Bolstering the Partner Ranks at GRP

Both Sides of the Table

Because my role as a VC requires me to take and endless stream of meetings I long ago decided I need to learn as much as I can from the meetings I attend so I often just ask tons of questions and assimilate knowledge. When I think about what defines us as a VC I think: Operationally knowledgeable / strong startup competence.

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Papaya raises $50M to give you a way to pay bills via its mobile app

TechCrunch LA

It has developed technology to give people a way to pay bills outside of traditional methods, such as through the mail, over the phone or via a Web portal. Papaya currently facilitates payments for “hundreds of thousands” of businesses and organizations and millions of users in the U.S.

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Revolution co-founder talks Living Social, ZipCar, Steve Case & GroupOn Super Bowl Ads

Both Sides of the Table

The venture capital industry is so heavily skewed to Northern California, which the remains spilled over Boston, New York & Southern California. So it was wonderful to hear from a leading venture capital firm based in Washington DC. I run Revolution’s VC investments. Revolution, what is it?