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Interview with Fouad ElNaggar, Redpoint Ventures

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Redpoint Ventures is one of the venture capital firms which has straddled both Northern California and Southern California, with offices in both locations. It would be interesting to hear about where your interests are nowdays, there was a rumor Redpoint had backed off activity here lately. We really believe in the market.

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BetterWorks Shutting Down On May 31st

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Craig said that the shutdown came as a result of not being able to sustain a large enough market, relative ot the high cost of customer acquisition. BetterWorks had raised $10M in funding from Redpoint Ventures. BetterWorks--and Paige Craig--have been one of the companies driving the growth in Santa Monica's Silicon Beach.

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2U Raises $120M In IPO

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The company--which runs online degree programs for the University of Southern California (USC) and many other schools--had been backed by Redpoint Ventures, which funded the company out of its Los Angeles office. Those investments were led by former Redpoint VC Greg Martin. Redpoint Ventures owned 23.2 percent at 13.95

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Gravity Acquired By AOL For $83M

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Gravity was venture backed by August Capital, Redpoint Ventures, and Upfront Ventures, and had raised around $20.6M gravity merger acquisition content personalization software exit' in total funding. Gravity''s founders are Amit Kapur, Jim Benedetto, and Steve Pearman, all of whom were previously at MySpace. READ MORE>>.

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Sonos: $535M In Revenue In 2013

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and Redpoint Ventures. sonos wireless music streaming revenues merger acquisition exit' Sonos is backed by BV Capital, Elevation Partner, Index Ventures, Kohlberg Kravis Roberts & Co., The disclosure is sure to fan the rumors of a possible IPO filing for the company in the works. READ MORE>>.

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Rustic Canyon Gets Quick Exit At Mertado

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Financial terms of the acquisition were not disclosed, however, the acquisition comes only four months after Mertado raised $2.3M in a round from Rustic canyon, Redpoint Ventures, Y Combinator, and Blumberg Capital. Rustic Canyon had led the September 2011 investment in Mertado.

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Los Angeles Venture Investors Get Their Mojo Back

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The IPO of education company 2U also greatly benefited Los Angeles, with the company''s extensive operations in LA, plus backing from former Redpoint Ventures'' (now Archer Capital) investor Greg Martin.