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textPlus Lands $18M, Buys Jarvus

socalTECH

In addition to the new funding, the company also said it has acquired Los Angeles-based Jarvus , which develops an app to people capture and share experiences, events and moments together. textPlus--which was previously known as GOGII--also said it has dropped its old corporate name and now will just be known as textPlus.

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GRP Targets $250M In New Fund, GRP IV

socalTECH

Los Angeles-based venture capital firm GRP Partners is looking to raised $250M in its newest fund, GRP IV L.P., GRP's investments include TrueCar, GOGII, Ad.ly, GumGum, among others. according to a regulatory filing from the firm this week. GRP last closed on a fund--GRP III, L.P. GRP last closed on a fund--GRP III, L.P.--in

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When the Good Guys in Venture Change Roles

Both Sides of the Table

I’ve worked very closely with Matt over the past four years as we share an investment in a company in Los Angeles called NextPlus and we sat on a board together for years. In this capacity I can tell any entrepreneurs raising early-stage capital that I would have Matt on my short list if I were raising. Conclusions?

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Interview with Matthew Graczyk, Zubican

socalTECH

Matthew Graczyk is founder of angel-backed Zubican (www.zubican.com)--saw a problem, which was the difficulty of finding suppliers for products for businesses--and decided to solve the problem, with a site specifically targeted at helping B2B buyers and sellers connect. He's now at Gogii, which has received investment from Kleiner.

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Can You Really Build a Great Tech Firm Outside Silicon Valley?

Both Sides of the Table

Last year I was on Sand Hill Road in Silicon Valley meeting with one of the most prominent venture capital firms in the country. Los Angeles. If you are talented, of course, you can get funded in any region with enough venture capital and obviously in markets outside of the Valley it is easier to get noticed and get access.