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Calacanis: First Angels In New Angel Group

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Jason Calacanis , CEO of Santa Monica-based Internet search site Mahalo , has signed on several angels for his new angel group, the Open Angel Forum - Los Angeles. Coffin is the founder of LowerMyBills, Dayton is the founder of Earthlink, and Woodward is a venture capitalist at Anthem Venture Partners.

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This Week in VC with Om Malik & Paul Jozefak

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Venture Capital funds: the different between “closed funds&# (which typically have a 10-year time horizon) and “evergreen funds&# which re-invest profits back into the fund. An investment doesn’t guarantee your product will suddenly be on the investor’s price sheet. DST invested $180mm last fall.

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This Week in VC with Farb Nivi, Founder of Grockit

Both Sides of the Table

And the broader question of whether VC’s will continue to invest in the Twitter ecosystem. It’s a very product that allows you to do visual search of eBay, ETSY, Match.com, AllRecipes and several others sites. Provider of real-time data and predictive analytics for web site publishers. Estimated 15mm downloads to date.