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Report: Redpoint's Martin Leaving Firm

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Greg Martin , the partner heading up Redpoint Ventures ' Los Angeles office, has reportedly left the firm, according to a report from the Private Equity Insider. Martin is no longer listed on Redpoint's web site, was not listed in its latest fundraising documents, and declined to comment on the story. READ MORE>>.

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Interview with Fouad ElNaggar, Redpoint Ventures

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Redpoint Ventures is one of the venture capital firms which has straddled both Northern California and Southern California, with offices in both locations. It would be interesting to hear about where your interests are nowdays, there was a rumor Redpoint had backed off activity here lately. We really believe in the market.

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Rustic Canyon Backs Social Shopping Site

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Los Angeles-based venture capital firm Rustic Canyon is the lead investor in a round of funding from a social shopping site out of Y Combinator. The round came from new investor Rustic Canyon Partners, and also included prior investors Blumberg Capital and Redpoint Ventures. in a Series A round. READ MORE>>.

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Tastemade, Jaunt Tap Ryan Seacrest, Conan O'Brien For Tour Through LA

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According to the two, A Perfect Day in Los Angeles is a virtual reality travel experience which takes viewers through a tour of LA's most iconic sites (Stan's Donuts, Universal Studios Hollywood, The Rock Pool at Malibu Creek State Park, etc.) The companies said the virtual reality experience was actually created in a partnership with LA24.org,

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Machinima.com Raises $9M for Entertainment Content

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Los Angeles-based Machinima.com , an online entertainment site focused on video gamers, has raised $9M in a investment from Redpoint Ventures, the firm said this week. As part of the investment, Geoff Yang of Redpoint will join the firm's board. Tags: machinima videogame content video game venture capital. READ MORE>>.

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Rustic Canyon Gets Quick Exit At Mertado

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Los Angeles-based venture capital firm Rustic Canyon Partners has scored a quick exit at Redwood City-based Mertado , after Mertado said Friday that it has been acquired by daily deals site Groupon. in a round from Rustic canyon, Redpoint Ventures, Y Combinator, and Blumberg Capital. READ MORE>>.

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Chill Raises $8M More

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Los Angeles-based Chill , the social video sharing and chat site led by Brian Norgard, has raised another $8M in funding, the firm said today. Other investors in the round included Atlas Venture and Chris Saccas Lowercase Capital. The firm sai the new funding was led by Kleiner Perkins Caufield & Byers and William Morris Endeavor.

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