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One of the most common complaints I hear from new business owners and startups is about the pain and difficulty raising capital. The “venture capital” model is the only option they know, where they feel they get no mercy, giving up equity and control. Block out sufficient time on your calendar for raising capital.
Los Angeles-based YP.com , the provider online directories and services to help businesses get their companies online which has been remade by a number of technology executives into a provider of local business marketing and automation software, has been acquired by competing directory provider Dex Media. READ MORE>>.
Todd Gitlin of Safire Partners was nice enough to compile some data on Start CTO Salary and Equity at Venture Backed Companies for the LA CTO Forum and present last year. The data is a bit tough to deal with via a post, so I've shared it two ways: You can find a PDF with some analysis at: CTO Equity Compensation PDF.
And do I fit as a Part-Time CTO , Technology Advisor , CTO Founder , Acting CTO ? Understand where they were in terms of being able to pay or was this equity-only (sweat equity only). And he was still in the process of raising additional capital, so it was equity only. Did they have a Weak Development Team ?
Todd Gitlin of Safire Partners was nice enough to compile some data on CTO Equity and Compensation at Venture Backed Companies for the LA CTO Forum and present last year. The data is a bit tough to deal with via a post, so I've shared it two ways: You can find a PDF with some analysis at: CTO Equity Compensation PDF.
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. According to the company, the new fund will be used for public equity investments. by Fastly).
Santa Monica-based Visio Internet , which develops Internet sites for governments, has raised a round of growth capital, according to the company. The funding came from Caltius Equity Partners. vision internet private equity government venture capital services development executive velocify' Nachman as its CEO.
Los Angeles-based private equity investor OpenGate Capital reported Monday that it has acquired two, Latin American information technology system integrators. OpenGate Capital said it acquired the shares of Damovo Mexico SA de CV and Damovo Do Brasil SA, from parent the Damovo Group. READ MORE>>.
We’ve created the HBCUvc Donor Circle as an opportunity for supporters and individuals to engage in our work and join a long-term strategy toward racial equity in venture capital and technology,” she wrote in the post.
Los Angeles-based private equity investor Atar Capital said this morning that it has acquired Canadian technology distributor Microcel. Atar Capital is led by founder and Managing Partner Cyrus Nikou. Microcel represents such vendors as GoalZero, Polk, Belkin, fitbit and Logitech, and was founded in 1989. READ MORE>>.
Carlsbad-based MaintenanceNet , which develops software used to manage maintenance and service contracts, announced Wednesday that it has raised a round of growth equity from private equity company Kayne Anderson Capital Advisors. Size of the funding round was not announced.
Los Angeles-based Prime Focus Technologies , a developer of ERP software for the media industry, says it has received its first round of funding from private equity investor Ambit Pragma. Size of the investment was not announced.
Los Angeles-based private equity investor Vincente Capital Partners announced on Tuesday that it has sold Carlsbad-based Intellectual Technology, Inc. , a developer of software for motor vehicle agencies (DMVs), to Arlington Capital Partners. Vincente Capital acquired ITI in November of 2012.
Laguna Hills-based Parallax Capital Partners , a private equity investor which invests in software and other technology companies, said Monday that it has raised a new, $115M fund for its investments. parallax capital partners private equitytechnology software venture investment fund' READ MORE>>.
Santa Monica-based private equity investor Clearlake Capital said this morning that it is acquiring Confluence Technologies, a developer of software which is used by the investment industry to automate business processes at asset managers and service providers. Financial details of the acquisition were not announced.
Westlake Village-based Independent Technology Group , a provider of information technology services, including networking, storage, and security services, has been acquired by Santa Clara, California-based InterVision Systems. InterVision is owned by private equity investor Huron Capital.
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. Financial terms of the acquisition were not announced. READ MORE>>.
Irvine-based Newlight , a company developing technology which turns greenhouse gases into plastic, has raised an additional funding from private equity investor METRIX Capital Group. newlight venture capital greenhouse cleantech plastics chemistry carbon' READ MORE>>.
El Segundo-based NanoH2O the developer of high efficiency, reverse osmosis membranes for seawater desalination, announced this morning that it has raised a total of $60M in equity and debt funding. According to the firm, it raised $40M in equity and $20.5M in credit facilities. NanoH2O is led by serial entrepreneur Jeff Green.
San Diego-based DivX , the developer of digital video encoding and decoding technology has been acquired by private equity firms Parallax Capital Partners and StepStone Group , the companies said yesterday, in a deal worth $75M in cash plus earnout. DivX said that it was assisted int he deal by San Diego''s Karmel Capital.
And we’re left with a city with idyllic weather, major commerce, the media center of the world, and a great emerging technology scene. But we have a great city for building technology companies. Funding is different – In Silicon Valley you have mega venture capital funds and many of them. You don’t.
Los Angeles-based private equity investor Oaktree Capital Management has made an investment in Shoals Technologies Group , a developer of junction boxes, wiring, and monitoring products for the solar electrical industry. According to Shoals Technologies Group, the funding came from Oaktree's Power Opportunities group.
San Diego-based MicroPower Technologies , which develops wireless, solar-powered surveillance hardware, has raised $5.7M in an equity funding, the firm said this morning. The funding came from Karmel Capital and others. capital venture wireless cameras surveillance evonexus micropower' READ MORE>>.
Los Angeles-based private equity investor Marlin Equity Partners unveiled a new company, Elenion Technologies , focused on silicon photonics. According to Marlin Equity Partners, Elenion has been in existence since 2014, and has been operating in stealth mode.
Los Angeles-based CitySourced , which develops mobile apps to help cities communicate with their constituents, has merged with Rock Solid Technologies , a provider of software to the government. Rock Solid is owned by private equity investor Strattam Capital. Financial terms of the merger were not announced.
Those local funds are on top of a massive injection of funding from out of area venture capitalists, private equity funds, family offices, and strategic investors. Investment interests: Consumer Internet, eCommerce, enterprise software, cloud computing, financial technology, advertising technology. Core Innovation Capital.
Los Angeles-based middle market investor Levine Leichtman Capital Partners announced Thursday that it has closed on $1.65 billion in capital commitments for its latest fund, Levine Leichtman Capital Partners Fund V, L.P. Despite its location in Silicon Beach, the firm very rarely invests in technology companies.
Los Angeles-based Osurv , a developer of mobile survey software, announced on Friday that it has been acquired by Singapore private equity investor Tan Capital Partners. Osurv said Tan Capital Partners will integrate its technology into nearly 800 hotels that Tan Capital owns and operates throughout Asia.
Santa Monica-based private equity investor Clearlke Capital Group says it has made a strategic, equity investment in RSA Security, which develops encryption, cybersecurity, risk and compliance, and other related software. RSA had previously been owned by Dell Technologies.
Torrance-based BQE said on Wednesday that it has received a "significant investment" from private equity investor Serent Capital. Serent Capital is a private equity investor that invests in technology and tech-enabled software companies. Financial details of the investment were not announced.
San Diego-based Mitchell International , a provider of technology and information products for the property and casualty and collision repair industries, has scored a private equity funding from Stone Point Capital. Size of the investment was not announced. Goldman Sachs & Co. LLC and Morgan Stanley & Co.
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. Aurotech was advised by G Squared Capital Partners in the deal. READ MORE>>.
Clio , a software company that helps law practices run more efficiently with its cloud-based technology, announced Tuesday it has raised a $110 million Series E round co-led by T. and OMERS Growth Equity. The investment also brings its total capital raised since its 2008 inception to $386 million. Rowe Price Associates Inc.
Santa Barbara-based MEMs technology developer Innovative Micro Technology (IMT) said early this morning that it has received a majority equity financing from Cerium Technology. Size and terms of the majority equity investment were not announced. IMT is currently led by CEO Craig Ensley. READ MORE>>.
Santa Monica-based private equity investor Clearlake Capital Group said this morning that one of its portfolio firms, Zywave , has acquired Insurance Technologies Corporation (ITC). Insurance Technologies Corporation is a provider of marketing, rating, and agency management software for the insurance industry.
Los Angeles-based private equity investor Diversis Capital Management said this morning that it has raised a new, $675M fund. The company said its new fund, Diversis Capital Partners II, exceeded its target of $500M. The company said it reached the $675M in commitments just three months after its formal launch.
That's the idea behind a new startup, Fundable , headed by serial entrepreneur Wil Schroter , which allows you to use rewards -- product, company schwag, an even equity -- as a tool to get your startup to the next stage. We allow startups to raise money, both based on equity, as well as rewards. What's Fundable?
Costa Mesa-based Veritone , a developer of artificial intelligence software, said it has received an unsolicited acquisition bid from private equity firm Apis Capital Management. The company is led by longtime technology startup veterans Chad and Ryan Steelberg, and one of its biggest investors is Acacia Research.
Los Angeles-based private equity investor Skyview Capital has sold off portfolio company Syncplicity , a developer of enterprise file sharing and synchronization software, to Axway. Skyview Capital had acquired Syncplicity from EMC back in July of 2015. Financial details of the sale were not announced. READ MORE>>.
We''ve been featuring a few reflections on the last year from a number of movers and shakers in Southern California''s technology industry over the last couple of weeks, during the holidays. Today, we have some thoughts from Jeb Spencer of TVC Capital , a private equity investment company in San Diego. maybe even 10x.
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 says its sectors of focus include education technology, tech-enabled services & software, and industrial technology & services.
Carlsbad-based NextWave Ventures , a venture capital investor which focuses on commercializing early stage technology, said it has launched a new artificial intelligence start, Apical Technology. Size of the investment in Apical Technology was not announced. The startup was founded by Ron St. READ MORE>>.
Laguna Hills-based Sonendo has received $50M in a growth investment, from private equity investor General Atlantic, Sonendo said this morning. According to Sonendo, the funding round also included existing investors Fjord Ventures, OrbiMed Advisors LLC, Meritech Capital Partners, CVF LLC, and NeoMed. READ MORE>>.
Today, we have the thoughts of Jeb Spencer of TVC Capital (www.tvccapital.com), a software focused growth equity fund which just raised a new fund, and has had some great success in the market. TVC Capital has also been a big supporter of socaltech over the years. What was the biggest news for you or your firm this year?
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