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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. Bill Gross is the man responsible for the overwhelming amount of monetization on the web. 6mm in Series B - Benchmark Capital ( Bob Kagle ); with participation from insiders New Atlantic Ventures and angels Ron Conway and Ed Scott.

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What Angel Investing & Florida Condos Have in Common

Both Sides of the Table

The dinner parties now are filled with self-righteous angel investors bragging about how many deals they are in on. They have marked-up paper gains propped up by an over excited venture capital market that has validated their investments. Logic tells me the following: It is hard to make money angel investing.

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Ranker Hits 1M Uniques

socalTECH

Hollywood-based Ranker , the online startup headed by Clark Benson, said today that it is now seeing over 1 million unique monthly visitors to its web site. Benson was the founder of eCrush, which he sold to Hearst in 2006; Ranker is backed by Benson, Siemer Venture Capital, and the Tech Coast Angels. READ MORE>>.

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Moviepilot Gets $7M, Sets Up Shop In Los Angeles

socalTECH

As part of the funding, Moviepilot is setting up an office in Los Angeles, and has moved its CEO, Tobi Bauckhage, to LA. The funding was led by DFJ Espirit, and also included T-Venture, Grazia Equity and VC Fund Creative Industries Berlin. READ MORE>>.

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My Damn Channel Links With Fox

socalTECH

Los Angeles-based My Damn Channel , the online original video site run by Rob Barnett, said Thursday that it has been selected by Fox as a premium distribution partner for the network's original web series. My Damn Channel is venture backed by Okapi Venture Capital. READ MORE>>.

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HitFix Raises $1.6M

socalTECH

Los Angeles-based HitFix , an online web site focused on entertainment news and information, has raised $1.6M in a new funding round, according to investor the Tech Coast Angels. Pikover was founder of Access360 and a co-founder at Xylan and is an active angel investor in the Southern California area. READ MORE>>.

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Silicon Beach Fest Hollywood, LA Tech Summit, and Idea to Screen | Why You Need to Attend Any or All

Tech Zulu Event

Hard to believe another Digital LA Silicon Beach Fest Hollywood is happening this week back-to-back with the new LA Tech Summit produced by Cornerstone. LA Tech Summit takes place the following day and takes a more comprehensive look at the entire tech eco-system in Los Angeles, not just Hollywood.

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