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DriveCam Snags CIO From Sony

socalTECH

DriveCam's backers include Chopra Ventures, Insight Venture Partners, Integral Capital Partners, JMI Equity, Leader Ventures, Menlo Ventures, Tech Coast Angels, and Triangle Peak Partners. Martin was most recently Senior Vice President and Chief Information Officer for Sony Electronics. Martin has also served at PepsiCo. READ MORE>>.

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ZestCash Gets $19M For Lending Startup

socalTECH

Hollywood-based ZestCash , a startup offering up short-term, consumer loans online, has scored $19M in funding today, including $11M in a Series A equity round plus $8M in venture debt. The equity came from Lightspeed Venture Partners and GRP Partners. READ MORE>>.

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Fintech giant Klarna raises $639M at a $45.6B valuation amid ‘massive momentum’ in the US

TechCrunch LA

With this round, the company is again giving 1% of the equity raised back to the planet. Eric Munson, founder and CIO of Adit Ventures, said his firm believes the “best is yet to come as Klarna multiplies their addressable market through global expansion.” . But we’re not preparing to IPO anytime soon.”.

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Want to Start a Technology Company in LA?

Both Sides of the Table

Side note: LA seems to have had some success in mega deals led by private equity firms as evidenced by DemandMedia and Chris DeWolf’s latest company backed by more than $20 million in private equity. Douglas Merrill, the former CIO of Google, is building his next company in LA. Zorik Gordon is tearing it up at ReachLocal.

Company 290
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Why Millennials Are Moving to Downtown Cleveland

Tech.Co

Currently, I am the cofounder and CIO of Remesh , which is an AI platform that understands and engages groups of people in conversation in real time. What’s your role in your ecosystem? Aaron: I am Cleveland native, but have also spent time living in San Francisco, New York, India, London, and Paris.

Startup 70
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Ten Tips for Business Traction to Attract Investors

Startup Professionals Musings

A CEO who has “been there and done that” is traction, especially if teamed with a financial lead (CIO) and a product lead (CTO). Investors like to see that you have committed personal funds as well as “sweat equity,” and they like to see real progress at this level. Build qualified advisory board. Show personal investment.

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Who Should you Hire at a Startup?

Both Sides of the Table

He’s joining you because your company offers him/her the hope of the big equity package but likely the step forward in his career that he’s been looking for. I had given him a small equity stake in my company. One such meeting that he set up was with the CIO of the largest consumer products company in Europe.

Startup 327