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Grindr Seeks Sale, Says Report

socalTECH

Los Angeles-based gay dating app and website developer Grindr is looking for a buyer, according to Bloomberg. Bloomberg said that Grindr has hired investment banker Raine Group to advise the company on a sale. Grindr was founded by Joel Simkhai. READ MORE>>.

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SpotOn raises $300M at a $3.15B valuation and acquires Appetize

TechCrunch LA

Advisors Douglas Merritt, CEO of Splunk, and Mike Scarpelli, CFO of Snowflake, also made individual investments as angels. SpotOn is paying $415 million in cash and stock for the Los Angeles-based company. But the company says its offering extends beyond traditional payment processing and point-of-sale software.

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maniaTV Makes A Slew Of New Hires

socalTECH

Los Angeles-based maniaTV, which develops video content for the web, said today that it has hired six new executives at the firm. Paul joins from Joost; Klein from National Lampoon; Sniffen from JumpTV and NBC; Przybylowski from G4TV, Chu from Paramount Pictures, and Lucero from Disney.

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Last Exit Wall Street: 7 Considerations When Raising Venture Capital

From the Venture Trenches

Whether it is launching a website, developing a minimum viable product, making strategic acquisitions or building out your sales team the founder must have a firm understanding of what it is they want to accomplish, the value it will create and how long the milestone will take to accomplish.