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ReachLocal Raises $25M, As Losses Increase

socalTECH

Woodland Hills-based ReachLocal , the publicly held, online marketing provider for small and local businesses, said Tuesday that it has raised $25M in a term loan. The funding came from Herculus Technology Growth Capital, and comes as the company reported sharper losses and a significant dropoff in revenues.

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ReachLocal Names New CTO, Sales Head

socalTECH

Woodland Hills-based ReachLocal , which provides online marketing products for small- and medium-sized businesses, reported today that it has named Jeff Hagins as Chief Technology Officer, and promoted Steven Power, former Australia CEO, to Executive Vice President of Global Sales Operations. Edwards, and Lockheed Martin.

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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

socalTECH

A new report released today tallies up $7.7 The report--compiled by Ocean Road Partners--included both venture-backed and self-financed information technology companies. Green Dot's backers included Sequoia Capital, Total Technology Ventures, and the Tech Coast Angels.

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Lynda.com Inks Massive, $103M Funding Round

socalTECH

Lynda.com said today that it has raised a big growth round from Accel Partners and Spectrum Equity, and also reported that the firm exceeded $100M in topline revenues last year. Meritech Capital also participated in the funding.

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This Week in VC with Jim Armstrong of Clearstone

Both Sides of the Table

Investors: Allen Morgan of Mayfield Fund, ff Asset Management, Bobby Yazdani, Nova Spivack of Lucid Ventures, Zelkova Ventures, Paige Craig, Tom McInerney, Michael Yavonditte of Quigo Technologies, Ofer Ronan. I think you’ll enjoy watching. Some summary notes are below. the funding and market coverage. Yes, that’s right.

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Some Thoughts on Branding Startups and Communities

Both Sides of the Table

An innovator in technology, especially monetization. ” To me, LA will always be a creative hub for TV, film, music, video games and now technology. ReachLocal, founded by Zorik Gordon, publicly traded company helping small businesses across America use the Internet for marketing [Woodland Hills. Not derivative.

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Can You Really Build a Great Tech Firm Outside Silicon Valley?

Both Sides of the Table

Last year I was on Sand Hill Road in Silicon Valley meeting with one of the most prominent venture capital firms in the country. I’m just not sure you can build a great technology firm outside of Bay Area.&#. But we do have great technology developers. This article originally appeared on TechCrunch. You just don’t.