Playing the Long Game in Venture Capital

Both Sides of the Table

The abundance of late-stage capital is good for us all. It’s amazing to me that a company that just a little over 5 years ago was struggling to attract capital at much more than $100 million valuation can now ACQUIRE companies for this amount.

Venture Capital is About Human Capital

Both Sides of the Table

Fundamentally venture capital is about human capital. In the end I know the only true differentiator in venture capital is the company you keep. Venture Capital is a people business. Venture Capital is About Human Capital was originally published in Both Sides of the Table on Medium, where people are continuing the conversation by highlighting and responding to this story.

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Ankona Capital Raises $66M For New Venture Capital Fund

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Newport Beach-based Ankona Capital, a new, venture capital company founded by Josh Harmsen, Brian Mesic, Newth Morris, and Jared Smith, has raised $66M in its first, venture capital fund. ankona capital venture investment fund financial startup harmsen mesicThe company says it invests between $5M to $10M in early, growth-stage B2B software companies which are already generating $5M to $15M in recurring revenues.

Moonshots Capital Raises $36M In Second Fund

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Los Angeles-based venture capital investor Moonshots Capital announced on Tuesday morning that it has raised $36M in its second fund, Moonshots Fund II. Moonshots Capital says that so far in Fund II, it has made investments in ID.me Photo: Kelly Perdew and Craig Cummings, General Partners of Moonshots Capital). financial finance socal military investment capital venture moonshots

OpenGate Capital Buys Aurotech

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Los Angeles-based private equity investor OpenGate Capital announced this morning that it has acquired Aurotech , a provider of digital services and business solutions for US federal healthcare and adjacent civilian agencies. OpenGate Capital said that Aurotech's founder, Mr. Hetal Patel, will continue to lead Aurotech as President and CEO. Aurotech was advised by G Squared Capital Partners in the deal.

Diversis Capital Partners Invests In Adlib

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Los Angeles-based private equity investor Diversis Capital Partners has made a "significant" growth investment in Toronto-based Adlib, a developer of software used for structuring data. adlib diversis capital partners ventureSize of that investment was not announced. According to Adlib, the funding will go to accelerate its planned growth initiatives. Adlib's software is used to automate the discovery, classification, extraction, and structure of data from unstructured documents.

Bad Notes on Venture Capital

Both Sides of the Table

On the phone … Me: So, you raised venture capital? ’ But do you want to start a relationship with your most important supplier – that of capital to fuel your business – by avoiding talking about his or her expectations in terms of rights or privileges? How about you close your first capital (say $500,000) and put in the docs that you have up to [90] days to raise an additional $1 million at the same price at your discretion. This week.

Dexcom Launches Venture Capital Fund

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San Diego-based Dexcom, which develops equipment for continuous glucose monitoring for people with diabetes, has launched its own venture capital fund, Dexcom Ventures. The company said its venture capital arm will be led by Steve Pacelli. Dexcom did not say how much funding it has committed to Dexcom Ventures, if it has a fixed fund or if it will be funding investments as needed, which is sometimes common with corporate venture capital funds.

Lead Edge Capital Raises $150M Fund

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Santa Barbara- and New York-based Lead Edge Capital, a private equity investor which focuses on growth stage investments in technology companies, said on Wednesday that it has raised $150M in a new fund. Lead Edge Capital said the new fund brings the company's total capital under management to over $3 billion. Lead Edge Capital said the new fund came from both new and existing limited partners. lead edge capital venture private equity funding

Human Capital: Moving away from ‘master/slave’ terminology

TechCrunch LA

Welcome back to Human Capital, where we explore some of the latest news in labor, diversity and inclusion in tech. Human Capital will soon be available as a weekly newsletter. TGIF, am I right?

Clearlake Capital Buys Zywave

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Santa Monica-based private equity investor Clearlake Capital announced this morning that it has entered into a deal to acquire Zywave , a developer of software-as-a-service for the insurance industry, from another private equity investor, Aurora Capital Partners. zywave clearlake capital merger acquisition insurance cloud saas private equity

ecoATM Gazelle Gets $75M In Growth Capital

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equity private kiosk advisors sustainable cowen growth capital venture gazelle ecoatmSan Diego-based ecoATM said on Monday that it has raised $75M in a growth equity round. The funding came from existing investor Cowen Sustainable Advisors. According to the company, the funding will go to accelerate the company's global expansion and support product extensions.

The Trade Desk Launches Venture Capital Arm, Makes First Investment

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Ventura-based advertising technology developer The Trade Desk is launching its own venture capital arm, and has made its first investment, the company said this morning. The Trade Desk did not say how much capital it is investing in the new venture arm, but said the name comes from the $7M in venture capital it required for The Trade Desk to become profitable. tradedesk thetradedesk adtech advertising venture capital investment

MaC Venture Capital Launches $103M Seed Fund

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Los Angeles- and Palo Alto-based MaC Venture Capital has launched a new, $103M seed stage investment fund today, saying it plans to invest in technology startups across the fintech, e-commerce and marketplaces, interactive media, connectivity, enterprise SaaS, space and aerospace, logistics, and other sectors. Nichols previously founded venture capital firm Cross Culture Ventures; Fenty, Palank, and King co-foudned venture firm M Ventures.

Good Growth Capital Expands Venture Capital Efforts To SoCal

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Good Growth Capital , a venture capital investment firm focused on complex science and technology start-ups, says it has set up shop in Southern California, and hired a new, West Coast Venture Partner in Los Angeles. Good Growth Capital says it has appointed Krisztina "Z" Holly --well known in the LA startup community--as West Coast Venture partner, as part of its efforts to expand its team. good growth goodgrowth capital venture investment krisztina holly

Changes in the Venture Capital Funding Environment

Both Sides of the Table

There was an explosion in number of startups both because it was cheap and there was tons of available capital. The other major trend of 2012–2015 was the entrance of “non VCs” into late-stages of venture capital , which mostly consisted of hedge funds, mutual funds, corporate investors, sovereign wealth funds and even LPs doing direct deals. Be thoughtful about from whom you raise capital.

Growth Capital Conference

SoCal Tech Calendar

Thursday, January 30, 2020 -- Growth Capital Conference. Pitch to and Network with Investors: Angels, VCs, High Net Worths, Strategic Partners and 100 entrepreneurs seeking capital and counsel. DEAL DISPLAYtm showcases growing firms needing capital. View products, videos, online demos. Hot Networking Breakfast at 7:00am sharp! See [link].

March Capital Raises $450M In New Fund

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Santa Monica-based March Capital (formerly March Capital Partners) announced on Thursday that it has raised its third fund, March Capital Fund III, which it closed at $450M in commitments. March Capital said the new fund--much like its prior funds--will focus on enterprise AI, industrial technology, cybersecurity, financial technology and next generation cloud infrastructure. investor investment financial fund capital venture partners march

MaC Venture Capital Raises $103 Million Fund

L.A. Business Journal

MaC Venture Capital, a seed-stage venture capital firm launched in 2019, announced March 25 that it had raised an inaugural $103 million fund for investments in early stage startups

Century Park Capital Recaps Accelapha

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Los Angeles-based private equity investor Century Park Capital Partners said this week that it has completed a majority recapitalization of business and IT consulting services company Accelalpha. According to Century Park Capital Partners, the combined company will continue to be led by Accelalpha founder and CEO, Nat Ganesh. accelalpha century park capital private equity merger acquisitino recapitalization recap prolog partners

Closing on $103M, MaC VC is changing the face of venture capital

TechCrunch LA

The partners at MaC Venture Capital , the Los Angeles-based investment firm that has just closed on $103 million for its inaugural fund, have spent the bulk of their careers breaking barriers. MaC Venture Capital co-founders Marlon Nichols, Michael Palank, Charles King, and Adrian Fenty.

Clearlake Capital, With Partners, Acquires InvestCloud

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Los Angeles-based private equity investor Clearlake Capital, along with private equity partner Motive Partners sai this morning that the two have agreed to acquire 80% of New York-based InvestCLoud, which develops digital wealth and investment management software. private equity merger acquisition clearlake capital investcloud software wealth investment management

Alliance For SoCal Innovation Aims To Connect Startups, Venture Capital

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The Alliance said the program came about, because SoCal founders continue to struggle to raise growth capital despite "a wealth of talent and potential". alliance socal innovation startups venture capital nonprofit matchmaking matchingThe Alliance for Southern California Innovation said on Thursday that it is launching a new program, the SoCal Venture Pipeline.

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HG Insights Gets Funding From Riverwood Capital

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San Barbara-based HG Insights, which provides information on technology installations, IT spend, and related areas, has received an investment from private equity investment firm Riverwood Capital. growth capital venture equity private riverwood hginsightsSize of the investment--which the companies said was a "significant growth investment"--was not announced.

Growth Capital Conference

SoCal Tech Calendar

Thursday, October 24, 2019 -- Growth Capital Conference. Pitch to and Network with invvestors: Angels, VCs High Net Worths,Strategic Partners and 100 entrepreneurs needing capital. DEAL DISPLAYtm showcases growing firms needing capital and counsel.View products, videos, online demos.Hot Networking Breakfast at 7:00 AM sharp! See [link].

Clearlake Capital Buys symplr

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Santa Monica-based private equity investor Clearlake Capital Group has acquired Houston, Texas-based symplr , a provider of healthcare governance, risk, and compliance software. Clearlake acquired symplr from its existing set of private equity investors, Pamlico Capital and The CapStreet Group. SkyKnight Capital co-invested in the transaction with Clearlake, which financed the deal via Antares Capital, Bain Capital Credit and Golub Capital.

Reflections on 2020: Kelly Perdew, Moonshots Capital

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Today, we have Kelly Perdew , Co-founder and General Partner of Moonshots Capital. This year ushered in the successful launch our second fund at Moonshots Capital, further validating our thesis that investing in extraordinary leadership produces exceptional companies. Kelly Perdew is the managing general partner of at Moonshots Capital. kelly perdew moonshots capital reflections reflections2020

OpenGate Capital Buys CoreMedia AG

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Los Angeles-based private equity investor OpenGate Capital announced very late Monday evening that it has acquired the majority interest in CoreMedia AG , a developer of content management software. According to OpenGate Capital, it acquired CoreMedia AG from Deutsche Telekom Capital Partners and a consortium of private investors. OpenGate Capital said the acquisition was out of its second, institutional fund, which is worth approximately $585M.

OpenGate Capital Sells Power Partners

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Los Angeles-based private equity investor OpenGate Capital said this morning that it has sold one of its portfolio companies, Power Partners , to another private equity-backed company, Pioneer Transformers. Pioneer Transformers is backed by private equity investor Mill Point Capital. According to OpenGate Capital, it acquired Power Partners in January of 2016, via its first, institutional fund.

How to Build a Startup & Understanding Venture Capital

Both Sides of the Table

And if you do happen to be lucky and find the right mountain to climb, if you find that you’ve started ascending the peak before others have found the right trail — then venture capital is for you. https://medium.com/media/842efeff51d5ecefbe43f913f0a62c23/href How to Build a Startup & Understanding Venture Capital was originally published in Both Sides of the Table on Medium, where people are continuing the conversation by highlighting and responding to this story.

Atar Capital Buys Keypoint Intelligence

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Los Angeles-based private equity investor Atar Capital has acquired New Jersey-based Keypoint Intelligence , Atar Capital said on Thursday. Atar Capital said that Keypoint Intelligence is based in Fairfield, NJ, and also has offices in the United Kingdom, Hong Kong and Japan. Atar Capital says it makes investments in both performing and underperforming lower middle market businesses.

A Deep Dive into What Has Really Changed in Venture Capital

Both Sides of the Table

I’ve heard a lot of people question whether there is too much money in venture capital chasing too few great deals. “We’re Others believe that new business models are emerging that could replace venture capital all together. Every year I try to answer the question of “what has changed in the Venture Capital industry” and this year my colleague Chang Xu and I took a deep dive through the data and called many of our peers for confirmation.

Venture Capital Q&A Session

Both Sides of the Table

We received so much positive feedback from our This Week in Venture Capital show walking through valuation calculations & term sheets that we decided to do a Q&A show this week to address topics that entrepreneurs want to learn about. In fact, far better if you haven’t raised venture capital. But to the question – it is much EASIER to sell your company if you’ve never taken venture capital.

Colony Capital's DataBank Invests $30M In EdgePresence

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DataBank , a provider of colocation and managed services company which is owned by Los Angeles-based private equity investor Colony Capital , has made a $30M, strategic investment in EdgePresence , a developer of data centers. According to Colony Capital, EdgePresence provides multi-tenant, modular data centers, which include critical power, monitoring, physical security, and cooling, and are deployed at the base of cell towers, key real estate, and enterprise campus locations.

Core Innovation Capital Announces $100M In Second Venture Capital Fund

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Los Angeles-based fintech investor Core Innovation Capital announced this morning that it has closed its second fund, which is at $100M so far. Core Innovation Capital says it has also invested in a couple of yet-unannounced companies, which are in stealth mode. The venture capital investor says it currently is hiring a full time intern for the Summer, to work at the company either in San Francisco or Los Angeles.

Growth Capital Conference

SoCal Tech Calendar

Thursday, July 25, 2019 -- Pitch to and Network with Investors: Angels, VCs, High Net Worths, Strategic Partners and 100 entrepreneurs seeking capital and counsel. DEAL DISPLAYtm showcases growing firms needing capital and counsel. View products, videos, online demos. Hot Networking Breakfast at 7:00am sharp! See [link] (more

Skyview Capital Buys Fidelis Cybersecurity

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Los Angeles-based private equity investor Skyview Capital has acquired cybersecurity software developer Fidelis Cybersecurity a provider of network traffic analysis, digital forensics, and incident response software, the company said late Thursday. Skyview Capital says that Fidelis has over 250 employees. Skyview Capital says it acquires and manages companies in the areas of technology, telecommunications, business services, and manufacturing.

L Squared Capital Closes $500M Fund

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Newport Beach=based private equity investor L Squared Capital said on Wednesday that it has closed a new fund, L Squared Capital Partners III , at just over $500M. L Squared Capital is managed by Jeff Farrero, Rob Healy, ean Barrette, Randall Hunt and Adam Kimura The firm's founders all previously were at Chicago Growth Partners, before founding L Square in July of 2014. square lsquaredcapital venture capital private equity financial

MiLA Capital Raises First Venture Fund

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MiLA Capital , the venture capital firm that is behind the Make In LA hardware accelerator, says it has raised its first official venture capital fund, officially closing its first fundraise. Source of the funding for the new venture capital fund was not announced. mila capital venture investment investor hardware accelerator

Casa Verde Capital Raises $45M Investment Fund

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West Hollywood-based Casa Verde Capital said this week that it has raised $45M in its debut, investment fund, which will specifically invest in the "ancillary cannabis" industry. The venture capital firm--whose founders include Calvin Broadus (aka Snoop Dogg)--said it will specifically invest in agtech, health & wellness, financial services, technology, media, compliance and laboratory technology related to the legal cannabis industry.

Invest 186

Interview with Krisztina Holly, Good Growth Capital

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Earlier this week, Good Growth Capital (www.goodgrowthvc.com) announced it has started looking at investments in Southern California, adding Krisztina Holly as West Coast Venture Partner for the firm. If you look at the amount of capital deployed in Southern California versus Northern California, we're still under-invested here by a factor of 5. We could easily use 4x to 5x the amount of capital we are getting now.

Arrowroot Capital Sells Stake In SocialChorus

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Santa Monica-based private equity investor Arrowroot Capital Management says it has completed its sale of its interest in SocialChorus , to another private equity investor, Sumeru Equity Partners. Arrowroot Capital said it will continue to own a minority interest in the company. Arrowroot Capital has been an investor in SocialChorus since 2018. socialchorus arrowroot capital merger acquisitin private equity

OpenGate Capital Acquires InRule Technology

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Los Angeles-based private equity investor OpenGate Capital announced this morning that it has acquired Chicago-based InRule Technology , a developer of decision management and business rules management software. According to OpenGate Capital, it obtained a majority interest in InRule, the fifth investment through its second institutional fund. management support decision software equity private acquisition merger technology inrule capital opengate