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Closing on $103M, MaC VC is changing the face of venture capital

TechCrunch LA

The partners at MaC Venture Capital , the Los Angeles-based investment firm that has just closed on $103 million for its inaugural fund, have spent the bulk of their careers breaking barriers. MaC Venture Capital co-founders Marlon Nichols, Michael Palank, Charles King, and Adrian Fenty.

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Big tech companies are looking at Hollywood as the next stage in their play for the cloud

TechCrunch LA

This week, both Microsoft and Google made moves to woo Hollywood to their cloud computing platforms in the latest act of the unfolding drama over who will win the multi-billion dollar business of the entertainment industry as it moves to the cloud. in Los Angeles.

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This Week in Venture Capital – Episode 2

Both Sides of the Table

I was on This Week in Venture Capital (TWiVC) again this week with Jason Calacanis. 6mm in Series B - Benchmark Capital ( Bob Kagle ); with participation from insiders New Atlantic Ventures and angels Ron Conway and Ed Scott. In my mind, not a typical VC investment. Tiny Speck Online gaming start-up.

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The RealReal Launches First Bricks And Mortar Store, In West Hollywood

socalTECH

Online luxury consignment store The RealReal is making its foray into the retail market, with its first ever bricks-and-mortar, physical store, in Los Angeles. TheRealReal said it will open up a "concept store" in Los Angeles on Melrose Avenue in West Hollywood, where it will both offer up its luxury goods and also accept consignments.

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Goodbye, LA Dreams: Winklevoss Twins Put Hollywood Mansion Up For Lease

socalTECH

It looks like all the grand plans by the Tyler and Cameron Winklevoss to set up an investment outpost in Los Angeles have faded away, on news that the twins are now leasing out their Hollywood mansion, asking for $150,000 a month for the 8,000 square foot mansion in the Hollywood hills. READ MORE>>.

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My Damn Channel Raises $4.4M

socalTECH

Los Angeles-based My Damn Channel , an online site which features professionally produced, humorous and other video content, announced a $4.4M The new funding was led by Intuitive Venture Partners, and also included prior investors Okapi Venture Capital and Sunshine Wireless Company. funding round today. READ MORE>>.

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UTA Targets Early Stage Investments With New Hire

socalTECH

The United Talent Agency is ramping up its outreach to early stage, digital media companies, with a new hire from the Los Angeles technology industry. united talent agency hollywood content venture capital investment betterworks docstoc' READ MORE>>.

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