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Demand Media Nets $77.2M From IPO

socalTECH

Santa Monica-based Demand Media said this morning that it received approximately $77.2M Demand's IPO offering was for 10,235,000 shares of common stock at $17.00 per share, with 5,175,000 shares of the offering coming directly from Demand Media itself, and the rest from other shareholders. READ MORE>>.

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Clutter Raises $9M From Sequoia For On Demand Self Storage

socalTECH

Los Angeles-based Clutter , an on-demand, self-storage startup which helps consumers store and organize their belongings, has raised $9M in a Series A funding. The funding came from Sequoia Capital. As part of the funding, Omar Hamoui of Sequoia has joined the company's board. Clutter said it has now raised $12.3M

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Curri rolls out nationwide delivery service for construction materials industry

TechCrunch LA

A little over a year after its graduation from Y Combinator’s demo day, the on-demand construction materials delivery service Curri is beginning to offer its services in all 50 states. “They act as a wholesaler doing all the sales, but they’re also acting as a logistics company as well,” said Lafferty.

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EcoATM Targeted By Outerwall Investor Group, Seeking Sale Or Shutdown

socalTECH

According to Engaged Capital LLC , it believes Outerwall's current management have impaired the valuation of the company, and is demanding that Outerwall "shut down or sell" ecoATM, among other moves. ecoATM, which is still based in San Diego, was acquired by Outerwall in July of 2013 for $350M, by Outerwall subsidiary Coinstar.

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Top LA investors discuss the city’s post-COVID-19 prospects

TechCrunch LA

When it comes to venture capital, Los Angeles is a city on the rise. In the past year, it’s seen one of the most profitable venture-backed exits of any tech ecosystem (with the $4 billion sale of Honey to PayPal) and investors are minting billion-dollar companies in the region at a torrid pace. Will Hsu, Mucker Capital.

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Sundae snags $36M to build out its distressed property marketplace

TechCrunch LA

The funding is being led by QED Investors; Founders Fund, Susa Ventures, Navitas Capital, and Prudence Holdings also participated. That also speaks to the vast and interesting quantity of data that the startup is amassing on home sales, and how it can use that to power its platform in the future. million Series A also led by QED.

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Increase Your Sales Velocity By Saying No To Pilots

InfoChachkie

Indecisive prospects diffuse a startup''s focus and slow down its sales velocity. The first step to increasing your company''s sales velocity is to eliminate the word “Pilot” from your salespeople''s lexicon. When properly conveyed, partners understand that you are “in demand” and thus will want to work with you all the more.

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