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LA tech industry mourns Kobe Bryant

TechCrunch LA

The Los Angeles startup community is joining the rest of the world in mourning the death of NBA superstar, entrepreneur and investor Kobe Bryant who was killed in a helicopter crash in Calabasas, Calif., Last year, the investment firm expanded with a $1.7 shortly before 10 a.m.

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IDrives Launches New, $10M Startup Fund

socalTECH

Calabasas-based IDrive , the provider of online backup storage led by Raghu Kulkarni, has launched a new, $10M startup fund called IDrive Ventures , the company said Friday. The company said it has already investe in four different companies out of the fund. READ MORE>>.

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What Lynda.com Plans With Its $103M Funding, with Eric Robison

socalTECH

Last week, Carpinteria-based Lynda.com announced one of the biggest investments in the region in the last few years--a $103M, growth equity investment in the company, which came from Accel Partners and Spectrum Equity. To get the story behind the new funding, we spoke with Eric Robison , the firm's President and CEO, last week.

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Masher Media Gains Angel Funding

socalTECH

Calabasas-based Masher Media , which is developing the online virtual world MyMiniPeeps.com for children, has received a round of angel funding from the Tech Coast Angels. According to the TCA, Masher Media has received $300,000 from the angel group in a round, which is open for a total of $500K in investments. READ MORE>>.

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Skyline Financial Raises $8.2M From GRP, Others

socalTECH

Los Angeles-based venture capital firm GRP Partners --which has been very active in the local technology startup market--has made its latest investment, in an interesting industry: mortgage lending. GRP is the lead investor in Skyline Financial , a Calabasas-based provider of mortgage banking and lending. READ MORE>>.

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Interview with Gary Bishop, Network Automation

socalTECH

There have been a lot of entrepreneurs here in software and other industries, and interestingly enough there seem to be more self-funded, bootstrapped firms here, rather than those looking for venture capital to get off the group. You are self funded too, we recall. Since then, we've had a very strong growth record.

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How GridTest Is Helping To Build The Next Electric Car, With Neal Roche

socalTECH

The clean technology sector is infamous for taking a big toll on startups--requiring large investments, risky technology propositions, steep international competition, and fickle government policies. We understand you have some funding? Because you're in an emerging market, your funding initially for sales and marketing is very small.

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