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The Boring Company Gets Nod On Las Vegas Transportation System

socalTECH

Los Angeles-based The Boring Company has just received approval from Clark County, Nevada, for its plans to create an underground transportation system that will connect the Las Vegas Strip, Allegiant Stadium, and the University of Nevada, Las Vegas. The project is expected to stretch 29 miles and will have 51 stations.

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EMN8 Raises $50M, Acquires Snapfinger

socalTECH

Los Angeles-based restaurant ordering systems developer EMN8 said this morning that it has acquired Snapfinger , a developer of remote ordering products for the casual dining industry. Bass Associates, and also included Allegis Capital and individual investors. The new funding was led by Sid R. EMN8 is led by Perse Faily.

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AdventureLink Buys Competitor, Get Investment

socalTECH

Los Angeles-based AdventureLink , the new adventure travel booking site run by Kelly Tompkins, announced this morning that it has acquired a competitor, Adventure Central. According to AdventureLink, the all-stock deal also included a new investment from Allegis Capital. Financial terms of the acquisition were not disclosed.

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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

socalTECH

Green Dot's backers included Sequoia Capital, Total Technology Ventures, and the Tech Coast Angels. Ocean Road Partners is the consulting firm headed by venture capitalist Jon Funk, who has been investing in Southern California for over 25 years, and has been a Managing Director with Allegis Capital since its founding in 1996.

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LAVA hosts PwC's Shaking the MoneyTree

SoCal Tech Calendar

Moderator: Randy Churchill, Director, Emerging Company Services, PwC; Current Confirmed Panelists: John Babcock, Partner, Rustic Canyon Partners; Jonathan Funk, Managing Director, Allegis Capital; Klaus Koch, Managing Partner, Vicente Capital Partners; Al Schneider, Co-Founder and Vice Chairman, Pasadena Angels. See [link] (more).

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5 Questions To Consider When Contemplating Advisors

Startup Professionals Musings

Their allegiance, sensitivity to rank, and familial biases make open discussions difficult, and interlocking directorships set up too many situations where directors work for favors from each other, or work against each other due to non-business issues. They tell you what you need to hear, not what you want to hear.

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AdventureLink Snags CEO From Yahoo

socalTECH

Los Angeles-based AdventureLink , a venture funded online adventure travel booking site, said Friday that it has appointed Jeff Dossett as the firm's Chief Executive Officer. AdventureLink is venture funded by Anthem Venture Partners, The Mailroom Fund, and Allegis Capital. Dossett was most recently at Yahoo!, READ MORE>>.

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