Venture Capital is About Human Capital

Both Sides of the Table

Fundamentally venture capital is about human capital. Today I couldn’t be more delighted to tell you about one such individual — Gregg Johnson —  who just left Salesforce.com after 10 years to come and be the CEO of Invoca , a company I proudly backed.

Massage-on-demand company, Soothe, raises $31 million

TechCrunch LA

The Series C round from late stage and growth capital investment firm, The Riverside Company , caps a busy first quarter for the massage service. The former CFO of MarketShare, Heyrick has helped the company expand to over 11,000 massage therapists in its network.

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Here’s a rule for companies with outstanding loans

Berkonomics

Here is one that is so important to the continued health of a growing company that it cannot be overstated. Long term debt is taken on for the acquisition of fixed assets such as equipment, cars, facilities and acquisitions of companies or their assets.

The Honest Company Gets $70M

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Los Angeles-based The Honest Company , the online, family products retailer led by serial entrepreneur Brian Lee, and which was co-founded by Jessica Alba, has raised $70M in a funding round, according to the company Tuesday. The funding brings the company''s total raised to $122M.

Vicente Capital Invests In Wireless Software Company

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Los Angeles-based private equity investor Vicente Capital Partners announced MOnday that it has invested in iBwave Solutions , a Canadian company providing in-building wireless design software. Vicente Capital said that its Growth Equity Fund, jointly with Farol Asset Management, acquired a "significant" equity interest in iBwave, which is based in Montreal, Canada. The company''s software and associated services are used in the in-building wireless network design market.

The Honest Company Gets $200M Growth Investment

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Los Angeles-based The Honest Company , the online natural baby, personal care, and beauty products provider, said Wednesday that it has raised $200M in a strategic minority investment, which came from private equity investor L Catterton. According to The Honest Company, the new funding will go towards its growth strategy, and will go both towards "innovation initiatives" as well as operational capabilities to boost its supply chain and global reach.

Will your company’s sale be celebration or silence?

Berkonomics

Then in addition, there are the exits that returned some portion of capital, but nothing more. First, there are at least three types of exits.

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Reflections on 2018: Jeb Spencer, TVC Capital

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As we close out our contributions for the end of 2018, here's Jeb Spencer of TVC Capital. Whether it is not achieving company goals, hiring the wrong people or failing to execute on strategy or product roadmap, staying positive, intellectually honest and agile in the face of turmoil is critical. I think my ten active portfolio company CEOs and my colleagues at TVC will appreciate the evolving approach. What was the biggest news for your company in 2018?

Atar Capital Buys Canadian Technology Distributor Microcel

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Los Angeles-based private equity investor Atar Capital said this morning that it has acquired Canadian technology distributor Microcel. According to the companies, Rick Henry, the founder, President, and CEO of Microcel, will remain a shareholder and continue on in his position. Atar Capital is led by founder and Managing Partner Cyrus Nikou. atar capital microcel merger acquisition technology distributor electronics canada international

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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.

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Reflections on 2018: Kelly Perdew, Moonshots Capital

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This morning's reflections are from Kelly Perdew , managing general partner of at Moonshots Capital (www.moonshotscapital.com). fact, turns out it is much, much harder than raising money for an early stage company. My partner, Craig Cummings, and I were fortunate to close our $20M fund in October and couldnt be more excited about identifying new portfolio companies and helping those entrepreneurs build their businesses. in 50+ companies through his angel and syndicate deals.

Bad Notes on Venture Capital

Both Sides of the Table

On the phone … Me: So, you raised venture capital? Him: But when I raised my first round we didn’t know how to price the company. Me: There is no rational explanation for valuations of A round companies by ANY objective financial measure. It’s simply what a market is willing to pay based on a future belief that your company will grow and non-linear rates and be worth much more in the future. This week.

The Honest Company Raises $100M In Series D

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Santa Monica-based The Honest Company , which provides baby care, personal care, home care, and other healthy lifestyle products, said this morning that it has raised $100M in a Series D funding round. The company has now raised around $228M in funding.

The Honest Company Raises Series E Funding

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Los Angeles-based The Honest Company , the natural home products brand, said late Thursday that it has closed on a Series E financing round. The round was led by Fidelity Management & Research Company, along with others. per share, a significant decrease from the company's prior valuation of $45.75. fidelity capital venture ecommerce retail baby products home natural thehonestcompany company honest

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. As part of the funding, the company said it has just made an investment in Fundera, a New York company which provides a service to help small business owners shop and compare personalized credit recommendations. Core Innovation Capital says it has also invested in a couple of yet-unannounced companies, which are in stealth mode.

Changes in the Venture Capital Funding Environment

Both Sides of the Table

In other words, it isn’t that VCs suddenly got smart, it’s that the costs of starting a company went down dramatically. There was an explosion in number of startups both because it was cheap and there was tons of available capital. Be thoughtful about from whom you raise capital.

Lowercase Capital

Tech.Co

At Lowercase Capital, we invest in startups, acquire later stage companies, and advise businesses and funds of all sizes on strategy and execution.

Mucker Capital closes on $45 million for an early-stage LA-based fund

TechCrunch LA

Santa Monica-based Mucker Capital has raised $45 million for its third fund, Mucker III. In addition, it will invest in seed and pre-seed stage companies through MuckerLab, a new accelerator program. TC Venture Capital business incubators venture capital Startup company Los Angeles

Clearlake Capital Backs Diligent

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Santa Monica-based private equity investor Clearlake Capital Group, L.P. According to the companies, Clearlake Capital Group made a strategic minority investment in Diligent, which is owned by another private equity investment firm, Insight Venture Partners. strategic capital venture board cloud software ventures insight equity private diligent clearlakehas made an investment in New York-based Diligent , a developer of enterprise governance management software.

Moonshots Capital Announced First Seed Stage Fund

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Los Angeles-based Moonshots Capital , the venture capital investment firm led by Kelly Perdew and Craig Cummings, has raised its first official fund, a $19M seed stage venture fund. Moonshots said the new fund will focus on seed stage deals, holding reserve capital for follow-on pro rata. startup entrepreneur financial investment army cummings craig military perdew kelly venture capital moonshots

Clearlake Capital Acquires Provation

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Santa Monica-based private equity investor Clearlake Capital Group said this morning that it has acquired Minneapolis, Minnesota-based Provation Medical , a developer of software for the healthcare documentation and coding market. Provation was founded in 1994, and is led by CEO David Del Toro, who continues on at the company and joins Provation's board of directors. documentation healthcare software acquisition merger investor investment equity private capital clearlake provation

March Capital Leads $13.6M Round In ioTium

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Los Angeles-based venture capital investor March Capital is the lead investor in a Series B funding round for software-defined, converged infrastructure startup ioTium. in a Series B funding, which it says was led by March Capital Partners, and also included Honeywell Ventures, John Chambers' JC2 Ventures and Hanna Ventures plus GE Ventures and Juniper Ventures. March Capital Partners' investment in ioTium was led by Managing Director Sumant Mandal.

Why Was Winter in Venture Capital Funding so Short?

Both Sides of the Table

It was only a year ago that many in the Venture Capital industry were predicting that “winter was coming” and to be fair the author of this post was chief amongst them. billion in venture capital funds with one A-round fund and one late-stage fund. startup venture-capital

Diversis Capital Sells Portfolio Firm

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Los Angeles-based private equity investor Diversis Capital said this morning that it has sold one of its portfolio companies, BLUE Software , to software company Esko. Diversis says its focus is on companies in the lower and middle markets. diversis capital blue merger acquisition esko private equity

OpenGate Capital Acquires Mersive

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Los Angeles-based private equity investor OpenGate Capital has acquired Denver-based collaboration software developer Mersive , OpenGate said this mroning. OpenGate said the buy is its seventh from its first institutional fund: the company also previously acquired Power Partners, Energi Fenestration Solutions, Bois & Materiaux, Alfatherm, EverZinc and Hufcor. opengate capital mersive merger acquisition collaboration meeting software display monitor

Clearlake Capital's Perforce Buys Perfecto Mobile

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One of the portfolio companies of Santa Monica-based private equity investor Clearlake Capital Group , Minneapolis-based Perforce Software , has acquired cloud testing software developer Perfecto Mobile. The companies said they expect the acquisition to close by the end of the year. clearlake capital perforce perfecto mobile merger acquisition cloud application test testing software

Clearlake Capital Rolls Up Three Companies Into Calero Software

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Santa Monica-based private equity investor Clearlake Capital Group has rolled up three companies into a new company called Calero Software , the company announced today. Clearlake Capital said that Calero is made up of the business operations of Veramark Technologies, PINNACLE, and Movero. The new company will focused on communications expense management, managed mobility services, and mobile device management products.

VC firms of Kevin Durant and Snoop Dogg back Dutchie, a new cannabis delivery service

TechCrunch LA

The company signed on 50 dispensaries in Oregon to help prove out the product and just raised $3 million in a seed round from Casa Verde Capital, The Durant Company, Sinai Ventures and other angel investors.

Reflections on 2018: Peter Cowen, Sutton Capital Partners

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As we close out our contributions for the end of 2018, we have a contribution from investor and investment banker Peter Cowen of Sutton Capital Partners. Sutton Capital Partners is a technology investment banking firm and we are, investors in local SaaS/subscription companies and is well known as the host of the annual Recurring Revenue Conference, which we co-host every year. What was the biggest news for your company in 2018?

Mucker Capital

Tech.Co

Mucker Capital invests in seed and “pre-seed” stage companies building defensible and scalable businesses in Internet software, services and media

Reflections on 2018: Marc Averitt, Okapi Venture Capital

socalTECH

Here's Marc Averitt of Okapi Venture Capital (www.okapivc.com). What was the biggest news for your company in 2018? The biggest news this year for Okapi, Southern Californias original seed stage venture capital fund, is that we ramped up the deployment of our 3rd fund and saw its portfolio grow by another 10 companies! It is truly an amazing company with HUGE potential. marc averitt okapi venture capital reflections2018

Bonfire Ventures closes $60 million to invest in SoCal B2B startups

TechCrunch LA

Los Angeles is becoming one of the more interesting destinations for startups and the investors that provide money for venture capital firms to place bets on young companies are increasingly starting to take notice.

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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. I talk about the company in the video.

Clearlake Capital Acquires NetDocuments

socalTECH

Santa Monica-based private equity investor Clearlake Capital Group announced this morning that it has acquired NetDocuments , a provider of cloud-based document management, email management, and collaboration software for law firms and corporate legal and compliance customers. Clearlake Capital said the company will continue to be led by Matt Duncan, CEO, and Alvin Tedjamulia, CTO. clearlake capital netdocuments merger acquisition document cloud management legal

Why 2017 Should be a Great Year to Raise Venture Capital

Both Sides of the Table

Recently Upfront Ventures published its outlook for the technology startup world and venture capital overall titled it “ WTF Happened to Winter ?” venture-capital startup