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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.

Redpoint Ventures Closes $400M Fund

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Venture capital fund Redpoint Ventures , which has an outpost in Los Angeles, has some new cash in the bank, after announcing $400M in a new fund today, Redpoint V. The new fund follows Redpoint IV, which also was a $400M fund, which was raised three years ago. It's unclear how much the new fund will invest in Southern California companies; Redpoint has scaled back its activity in the region over the past few years. funding investment capital venture redpoint

BetterWorks Shutting Down On May 31st

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According to an email from Craig, the company decided to close down the BettterWorks perk platform, and will not longer be active after next Thursday. BetterWorks had raised $10M in funding from Redpoint Ventures. In what is a huge blow to Silicon Beach, Santa Monica-based BetterWorks , the software-and-technology-meets-employee-perks startup run by Paige Craig, told its users today that it is sunsetting its site on May 31st.

Southern California Startups Raise $761.12M in Q2 2014

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The most active venture and angel investment groups investing in the region were the Tech Coast Angels , with 8 investments; the Pasadena Angels (5 investments); followed by Kleiner Perkins Caufield & Byers (4 investments); Avalon Ventures (4 investments); Upfront Ventures (4 investments). True Ventures and Redpoint Ventures both had 3 investments each.

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 2U was previously known as 2tor, and first raised funding back in 2009 , when Redpoint was a very active Los Angeles area investment firm.

USC 2

Universal In Licensing Deal With Hark

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Hark is based in Seattle but also is active in Los Angeles in business development; ElNaggar might be familiar to Los Angeles entrepreneurs for his short stint sourcing venture deals for Redpoint Ventures in Los Angeles. Hark , the online service which lets users share sound bites from movies and films with their friends, and Universal are in a licensing deal, Hark said Thursday.

Looking At LA's Technology Future with Derek Norton

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We also put together the Series B with Redpoint for Machinima. I'm not suggesting that it's content, I'm suggesting it is the journey and the experience related to consumer activity.

The Challenges (& Opportunities) of Starting a Tech Company in LA

Jason Nazar

In the bay area there are dozens of firms that are actively making investments. I recently hosted a panel at the Twiistup Conference about LA tech companies.

Q1 Southern California Venture Deals Rise To Around $1.4B

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billion in venture activity here in Q1, up significantly from around $997M tallied in Q4. The most active venture firms in Southern California were Benchmark Capital , TPG Ventures , and Redpoint Ventures , with three deals each; followed by NBGI Ventures , JAFCO , Trinity Ventures , Venrock , Domain Associates , Sanderling , The Founder Collective , Anthem Ventures , DFJ Frontier , and Interwest Partners , all with two deals apiece.

Venture Firms Invest Around $1.6 Billion In Q2 2010 In SoCal

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An analysis of Q2's venture capital deals and investment activity in Southern California find that venture capitalists invested around $1.6 The deal totals were significantly boosted in the quarter by activity across Biopharmaceuticals ($247.2M The most active investors in the region, by number of investments, were the Tech Coast Angels (9 tracked deals); followed by clean tech investor Angeleno Investors (3 deals).

Venture Totals Drop In Southern California For Quarter

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The numbers--which are derived by socalTECH from venture deals reported by companies, in news, disclosed in regulatory filings, and otherwise publicly reported--showed that the biggest deals for the quarter were for SolarReserve, which raised $140M for its solar energy projects; Active Network, which scored $80M from ESPN and others; Fisker Automotive, with $65M, Sapphire Energy, with $50M; and Intelligent Beauty, which raised $43M.

VC Invest $587M In SoCal In Q4, But National Investments Drop 37 Percent In 2009

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In terms of venture firm activity, the report found that DFJ Frontier was the most active in the quarter, with five deals; GRP Partners , Mission Ventures , and Redpoint Ventures all had four deals each in the quarter. The latest numbers from the MoneyTree Report from PricewaterhouseCoopers and the National Venture Capital Association (NVCA), based on data from Thomson Reuters, were released this morning, finding that there was $587.8M invested in Southern California in Q4.

VC Invest $587M In SoCal In Q4, But National Investments Drop 47 Percent In 2009

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In terms of venture firm activity, the report found that DFJ Frontier was the most active in the quarter, with five deals; GRP Partners , Mission Ventures , and Redpoint Ventures all had four deals each in the quarter. The latest numbers from the MoneyTree Report from PricewaterhouseCoopers and the National Venture Capital Association (NVCA), based on data from Thomson Reuters, were released this morning, finding that there was $587.8M invested in Southern California in Q4.

SoCal Venture Deals Up In Q2

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In terms of venture firms, the most active firms from Southern California, nationally, were Redpoint Ventures (9 investments), Steamboat Ventures (5 investments), and GRP Partners , Rustic Canyon Partners , Blade Ventures , Avalon Ventures , and Angeleno Group , with four investments each. The most active investors investing in Southern California startups were Domain Associates , Angeleno Group , and Kleiner Perkins Caufield & Byers.

Southern California Investments On Uptick, Totals $686.5M For Q1

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The most active firms investing in Southern California, according to the Pwc/NVCA report, were GRP Partners , Domain Associates , and TPG Growth --all with 4 investments each--followed by Allegis Capital , Benchmark Capital , and Sanderling Ventures , all with three investments each. Southern California venture capital investments totaled $686.5M

Report: Southern California Venture Capital Totals $464M In Q3

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The most active Southern California investors, including all of their investments both inside and outside of the region, were the Tech Coast Angels (7 investments), and Rustic Canyon Partners (6 investments); Redpoint , Mission Ventures , and GRP all had 4 investments total.

This Week in VC with Dana Settle of Greycroft Partners

Both Sides of the Table

Booyah’s most popular application is social LBS game is MyTown; users engage in a mobile game centered around real world locations and activities, including check-ins, virtual purchases of real-life locations, collecting rent on properties, virtual goods.