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Clearstone's Sumant Mandal On Exits, Opportunities

socalTECH

Over the last few months, Santa Monica-based Clearstone Ventures (www.clearstone.com) has had a number of high profile exits in its portfolio. It's not a revenue multiple sale. EMC said--Kazeon is the most profitable part of the sale, so I want to own it. Sumant Mandal: First of all, you know our heritage is as an incubator.

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This Week in VC – Scott Painter, CEO of Zag & TrueCar

Both Sides of the Table

Company plans to use the capital to build out sales and marketing and r&d. -a led by Altos Ventures and Maverick Capital, with Larry Braitman. Incubated by Clearstone Ventures in 2008. Current round: $7.0mm Series-B led by MK Capital, withClearstone Venture Partners and Shasta Ventures. a fbFund winner.

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