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Internet Brands Brisco: Deal Will Allow More Focus On Long Term Growth

socalTECH

Los Angeles-based Internet Brands , which operates a suite of online, advertising driven websites across a wide range of verticals, said Monday that it would go private in a $640M, private equity deal, bucking the trend of Southern California companies filing to get to the public markets.

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Want to Start a Technology Company in LA?

Both Sides of the Table

But it’s more atypical for investors located in this market. If we extend a bit North up the coast line we have many affiliate marketing innovators including ValueClick, Commission Junction and FastClick. So it’s always a trade-off. In these last two categories LA has as much of an advantage as any other market.

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

Both Sides of the Table

So it would be unwise to say that funding outside of Silicon Valley will be easier. If you are talented, of course, you can get funded in any region with enough venture capital and obviously in markets outside of the Valley it is easier to get noticed and get access. There are no $600 million funds in Los Angeles.