Redpoint's Fouad ElNaggar Departs Firm

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In another switchup for venture capital firm Redpoint Ventures efforts in Southern California, Fouad ElNaggar , who had been covering Redpoint's investment efforts in Los Angeles, has departed the firm. fouad elnaggar redpoint venture capital executive cbsi

Interview with Fouad ElNaggar, Redpoint Ventures

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Redpoint Ventures is one of the venture capital firms which has straddled both Northern California and Southern California, with offices in both locations. It would be interesting to hear about where your interests are nowdays, there was a rumor Redpoint had backed off activity here lately.

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Redpoint Ventures Closes $400M Fund

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Venture capital fund Redpoint Ventures , which has an outpost in Los Angeles, has some new cash in the bank, after announcing $400M in a new fund today, Redpoint V. The new fund follows Redpoint IV, which also was a $400M fund, which was raised three years ago. It's unclear how much the new fund will invest in Southern California companies; Redpoint has scaled back its activity in the region over the past few years. funding investment capital venture redpoint

Los Angeles Startup Community

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I was just talking with someone who's new to Los Angeles and wanting to connect into the Los Angeles Startup Community. Los Angeles Startup Community Posts/Articles Here are some interesting articles and posts on the ecosystem around startups in Los Angeles. LA Tech Survival Guide A Tale of Two Tech Cities – Silicon Valley vs. Los Angeles Guide to the LA Startup Community Why You Should Start a Company in. It brings together events and content for Los Angeles.

Report: Redpoint's Martin Leaving Firm

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Greg Martin , the partner heading up Redpoint Ventures ' Los Angeles office, has reportedly left the firm, according to a report from the Private Equity Insider. Martin is no longer listed on Redpoint's web site, was not listed in its latest fundraising documents, and declined to comment on the story. Martin had actually disappeared from Redpoint's site in February, when Redpoint announced it had closed its $400M, Redpoint IV early stage venture capital firm.

Los Angeles Venture Investors Get Their Mojo Back

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For several years, the phrase "Los Angeles Venture Capitalist" had almost become an oxymoron. investment investor capital venture angeles

Can The Next Big Tech Company Be Built In LA?

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During Twiistup 8 a panel moderated by Jason Nazar (DocStoc) and joined by panelist David Travers (Rustic Canyon), Brian Norgard (Namesake), Fouad ElNaggar (Redpoint) and Demian Sellfors (Media Temple), spoke about if the next big tech company could be built in Los Angeles?

Chill Gets $1.5M

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Los Angeles-based Chill , the online video discussion website headed by Brian Norgard, has raised $1.5M in angel funding, according to the firm's angel investment backers. The site--which was originally a project of Namesake--gained funding from Kleiner Perkins Caufield & Byers, Redpoint Ventures, Atlas Venture, Paul Kedrosky, and Michael Arrington of TechCrunch. chill namesake social viewing facebook venture capital angel investment

Machinima Gets $24M, But Chops Staff

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Los Angeles-based YouTube network Machinima revealed last week that it has raised $24M in a funding round from Warner Bros., along with Redpoint Ventures, MK Capital, Coffin Capital and Allen DeBevoise. However, the company also made some big cuts in its staff on Friday, following the funding round. According to reports from the Hollywood Reporter, Machinima cut 14 percent of its staff on Friday, immediately following the announcement of the new funding round from its backers.

Former LA VC Gets Backing For Enterprise Alerting, Micro Apps Startup

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Fouad ElNaggar , a former venture capitalist who had been responsible for the Los Angeles office of Redpoint Ventures, has scored funding for a new startup, Sapho. ElNaggar was in Redpoint's LA offices from 2005 until 2011, and had stints on the boards of Machinima and Hark, among other companies. redpoint elnaggar fouad capital venture employees software alerts enterprise sapho

True(X) Media Finds $6M

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Los Angeles-based True(X) Media --which was most recently known as SocialVibe--disclosed this week that it has raised $6M in a new funding round. The online advertising technology provider said the funding came from prior backers Jafco Ventures, Pinnacle Ventures, Norwest Venture Partners and Redpoint Ventures.

Looking At LA's Technology Future with Derek Norton

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Derek Norton is head of Los Angeles-based Watertower Group (www.watertowergroup.com), a firm which helps companies raise funding, one of the rare companies which has a track record and good reputation helping companies with fundraising, and also runs its own investment fund.

Southern California Startups Raise $761.12M in Q2 2014

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According to the report, there was $472.15M invested in Los Angeles, $222.4M The most active venture and angel investment groups investing in the region were the Tech Coast Angels , with 8 investments; the Pasadena Angels (5 investments); followed by Kleiner Perkins Caufield & Byers (4 investments); Avalon Ventures (4 investments); Upfront Ventures (4 investments). True Ventures and Redpoint Ventures both had 3 investments each.

Machinima Raises $3.4M

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Los Angeles-based Machinima , which operates a video entertainment network for video gamers and develops associated animated content tools, has raised $3.4M Machinma is venture backed by Redpoint Ventures, MK Capital, and others. as part of an ongoing, $5.0M fundraising round, according to a regulatory filing from the firm. Source of the new funds have not yet been announced by the company. READ MORE>>. machinima venture capital videogame video game fundraising fund

2U Raises $120M In IPO

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2U , an online education company which has significant operations in Los Angeles, has had a successful IPO on the NASDAQ Global Market, debuting Friday morning as TWOU. The company--which runs online degree programs for the University of Southern California (USC) and many other schools--had been backed by Redpoint Ventures, which funded the company out of its Los Angeles office. Those investments were led by former Redpoint VC Greg Martin. Redpoint Ventures owned 23.2

Chill Becoming Pinterest For Videos?

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Los Angeles-based Chill , the social video discovery site founded by Brian Norgard and Dan Gould--demonstrating its characteristic ability to quickly jump on the latest Internet trends--has taken a clue from photo "pinning" startup Pinterest, and added its own pinning ability to its video site.

BetterWorks Gets $8M

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Los Angeles-based BetterWorks , the employee benefits platform provider headed by Paige Craig, announced today that it has raised $8M in a Series A funding round. According to the firm, the round was led by Redpoint Ventures, and will go towards hiring, expansion, and continued development of its platform. As part of the funding, Redpoint's Satish Dharmaraj joins the company's board of directors.

2tor Finds $32.5M

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Greg Martin, of Los Angeles-based Archer Venture Capital, sits on 2tor's board. The funding came from Highland Capital, Redpoint Ventures, Novak Biddle Venture Partners, and CityLight. New York-based 2tor , the online education startup which powers online degree programs from the University of Southern California (USC) and others, has raised $32.5M in a Series C funding. 2tor also has operations near USC. READ MORE>>. 2tor venture capital funding education degree startup

Chill Links Into Hulu

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Los Angeles-based Chill , the social chat startup headed by Brian Norgard and Dan Gould, said today that it has launched a major integration of its site with Hulu. Chill is venture backed by Kleiner Perkins Caufield & Byers, Redpoint Ventures, Atlas Venture, and CrunchFund. Chill allows users to view, chat, and comment on live video streams via social rooms, complete with avatars representing users.

SVnetwork Names Marketing Head

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Los Angeles-based SVnetwork (SocialVibe) said today that it has named Larry Lieberman as Chief Marketing Officer at the social advertising firm. SVnetwork is backed by Redpoint Ventures, Jafco Ventures, and Pinnacle Ventures. Lieberman has previously served at firms Aniboom, Virgin Comics, Virgin Animation, Comedy Central, Warner Music Group, and MTV. SocialVibe provides an online advertising platform which encourages users to share and engage with brands.

Topspin Ties With MTV On Artists.MTV

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Los Angeles-based Topspin and MTV said Thursday at SXSW that the two are in a new partnership, on a new initiative called Artists.MTV. Topspin, which is led by Ian Rogers, the former GM of Yahoo Music, is venture backed by Redpoint Ventures and The Foundry Group. The new project taps Topspin's marketing platform, to provide artists with pages on MTV with ways to connect with fans, and allows fans to buy music, merchandise, and tickets.

Interview with David Aronchick, Hark

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Last week, we talked with Fouad ElNaggar of Redpoint Ventures about some of the interesting companies in Southern California. Hark is backed by Redpoint, and happens to be co-founded by Fouad. The firm is based in Los Angeles and Seattle. Was Fouad with Redpoint at the time?

Gravity Gets $10.6M More For Real Time Personalization

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The funding was led by GRP Partners, and also included Redpoint Ventures and August Capital. Gravity said the new funds will help it expand its operations in Los Angeles, New York, and San Francisco, as well as scale its publishing partners and deploy its platform.

Clicker Acquired By CBS Interactive

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Los Angeles-based Clicker.com , the provider of a guide to online video, has been acquired by CBS Interactive , the firms said Friday. Clicker was venture backed by Benchmark Capital, JAFCO, Redpoint Ventures, and Blake Krikorian, and had raised around $21M in funding.

Topspin Adds Discounts For Multiple Accounts

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Los Angeles-based Topspin , the developer of online marketing and commerce software for musicians and music labels, announced this morning that it is now providing discounted, multiple account software for record labels, marketing agencies, and others. Topspin is headed by former Yahoo Music GM Ian Rogers, and backed by Foundry Group and Redpoint Ventures.

Chill Rolls Out Music Lounges, Streams TC Disrupt

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Los Angeles-based Chill , the social video viewing site founded by Brian Norgard and Dan Gould, said Wednesday that it has launched a new "music lounge" experience on the service, plus is also streaming the finals of TechCrunch Disrupt.

Topspin Media Opens Up Signups

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Los Angeles-based Topspin Media , the music marketing and software firm headed by Ian Rogers, has opened up general signups for its service, the firm said Wednesday in Austin. Topspin is venture backed by Foundry Group and Redpoint Ventures. Topspin--which has been operating in an invite-only mode since 2008--said it will now allow "all comers" to use the service.

Chill Shifts To Social Discovery

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In another shift of focus, Los Angeles-based Chill , the startup headed by Brian Norgard and Dan Gould, has recast the site as a social video discovery site, and away from its live chat and video hangout focus. Norgard and Gould were previously the founders of Ad.ly; Chill is venture backed by Kleiner Perkins Caufield & Byers, Redpoint Ventures, Atlas Venture, Paul Kedrosky, and CrunchFund.

Online Learning Firm With Links To USC Gets Funded

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A New York-based online learning firm with links to the University of Southern California has scored a round of funding, and added Redpoint's Greg Martin to its board, the firm said this morning. 2tor said it raised $10M in a Series A financing from Redpoint Ventures, along with Novak Biddle Venture Partnres and City Light Capital, for its service, which helps universities create online degree programs. Redpoint's Martin is based in Los Angeles.

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Chill Adds Private Chat, Social Game Features

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Los Angeles-based Chill , the social video startup which allows users to chat while watching video content, announced today that it has added a number of features to the service.

Betterworks Plans Expansion To OC, San Diego, Austin, and NYC

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BetterWorks is headed by Paige Craig, one of the most prolific angel investors in the Los Angeles area, and is venture backed by Redpoint Ventures. Santa Monica-based BetterWorks , the provider of a technology based, employee fringe benefits programs, said today that it is planning to expand to Orange County, San Diego, Austin, and New York in the next month.

Machinima, Lionsgate Renew Deal

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The firms, both of which are located in Los Angeles, said the second season of the series will run on both Machinima's online YouTube network, as well as via Lionsgate's FEARnet premium cable network. The company is venture backed by MK Capital and Redpoint Ventures. Machinima , the online video entertainment firm focused on gamers, and studio Lionsgate , said today the two have renewed a deal around Machinima's zombie comedy series "Bite Me."

SocialVibe Gains $9M

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Los Angeles-based SocialVibe said today that it has raised $8M in a Series B funding, for the firm's social media and brand charity site. According to the firm, the funding was led by JAFCO Ventures, and also included Series A investor Redpoint Ventures. Tags: jafco redpoint charity brand venture socialvibe capital internet