socalTECH
JULY 27, 2010
Woodland Hills-based ReachLocal , the publicly held provider of online marketing for small and medium sized businesses, released its first quarterly results since its May IPO, saying that its Q2 revenues rose to $70.4M. ReachLocal went public on May 20th. According to the firm, it lost $2.3M on revenues of $47.97M in Q2 of last year.
socalTECH
AUGUST 29, 2012
Continuing its international expansion, Woodland Hills-based ReachLocal , which helps local businesses market themselves online through paid search marketing and other advertising, said it has opened up new offices in Canada and Germany. ReachLocal has been active in Canada since 2008, and in Germany since 2011.
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socalTECH
SEPTEMBER 20, 2010
Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets. Internet Brands had gone public just three years ago.
Both Sides of the Table
MAY 4, 2010
I wish the team well and I’ll certainly be watching actively on the sidelines. ReachLocal – we discussed this deal at length including what amount of revenue does it take to get to an IPO (Jim’s view, sub $100 million in fine as long as you have good margins and a strong growth rate). The race is on!
Both Sides of the Table
FEBRUARY 15, 2011
Many of the Valley tech firms saw advertising as “beneath them&# and many VCs in the first boom encouraged people to focus on eyeballs rather than dollars. I meet with Bay Area entrepreneurs all the time and am actively looking to make investments there. Zorik Gordon built & IPO’s ReachLocal.
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