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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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Jaunt Acquired By Verizon

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Financial terms of the acquisition were not announced. Jaunt had raised around $100M in total funding from such investors as Disney, GV, and Redpoint Ventures. According to Jaunt, Verizon has acquired Jaunt's software and technology, among other assets. Jaunt was founded in 2013. READ MORE>>.

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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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Qualcomm Gets Exit At Eero

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Financial terms of the acquisition were not announced. Eero had raised around $150M, from such investors as Menlo Ventures, First Round Capital, Shasta Ventures, Redpoint Ventures, Playground Global, Kindling Capital, Grishin Robotics, and others.

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TrueX Media Acquired For $200M, Says Report

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TrueX was previously known as SocialVibe, and is venture backed by Jafco, Norwest Venture Partners, Pinnacle Ventures, and Redpoint Ventures. truex socialvibe merger acquisition 21stcenturyfox advertising video interactive' TrueX Media offers up interactive, video advertising technology, and is led by Joe Marchese. READ MORE>>.

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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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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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