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GRP Partners Gets Exit At mFoundry

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Los Angeles-based venture capital investor GRP Partners has scored an exit at one of its firms this morning, mobile banking and payment provider mFoundry. Brian McLoughlin of GRP was on mFoundry's board of directors. READ MORE>>.

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Building A Dream Team For Mobile Advertising, with Gradient X

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If there were such a thing as a "Dream Team" for mobile advertising, you would be hard pressed not to pick the founding team of Los Angeles-based Gradient X (www.gradientx.com), whose founders include Michael Lum (formerly of OpenX), Brian Baumgart (formerly at Adconion), and Julie Mattern (formerly of Rubicon Project).

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Interview with Mark Suster, GRP Partners

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This morning's interview is with Mark Suster , a venture capitalist at GRP Partners (www.grpvc.com). GRP has just recently closed on a new $200M fund, and Mark has been one of the more active venture capitalists in the Los Angeles area in recent months. Mark Suster: I founded a group called Launchpad LA.

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Burstly Opens Up Mobile Ad Service

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Los Angeles-based Burstly , the mobile advertising tools firm run by Evan Rifkin, said this week that it has opened up a new way for mobile application developers to sell their own advertising space. Burstly is venture backed by Founder Collective, GRP Partners, Rincon Venture Partners, and SoftBank Capital.

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Burstly Snags $1.8M For Mobile Ad Tools

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Los Angeles-based Burstly announced Tuesday afternoon that the firm has raised $1.8M The funding round came from GRP Partners and Rincon Ventures. Mark Suster at GRP lead the firm's investment, with Jim Andelman heading up Rincon's involvement. Tags: rifkin evan advertising mobile capital venture burstly.

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textPlus Lands $18M, Buys Jarvus

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Prior investors Kleiner Perkins Caufield Byers, Matrix Partners and GRP Partners also participated in the funding. 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. READ MORE>>.

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GOGII Hires Away MySpace Exec

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Los Angeles-based GOGII , the venture backed provider of mobile social messaging services, has snagged MySpace exec Chandra Hill as its new Vice President of Monetization and Publishing. Hill was most recently VP of Mobile Monetization at MySpace. GOGII develops textPlus, a mobile social messaging application for the iPhone.

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