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ZestFinance Gets $150M In Debt Financing

socalTECH

Los Angeles-baesd online lender ZestFinance said today that it has raised $150M in debt financing, from Fortress Investment Group. ZestFinance was founded by Douglas Merrill, former CIO of Google; the company is venture backed by Peter Thiel, Matrix Partners, Kensington Capital Holdings, and Eastward Capital Partners.

CIO 100
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Some Thoughts on Branding Startups and Communities

Both Sides of the Table

The birthplace of sponsored search (Overture), semantic search (Applied Semantics which became Google AdSense), comparison shopping (ShopZilla, PriceGrabber) and many others. ZestCash, founded by Douglas Merrill, former CIO of Google [Hollywood]. I know that I call them often to co-invest. Andreessen Horowitz – Ok.

Startup 304
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Want to Start a Technology Company in LA?

Both Sides of the Table

They not only have gotten bigger but they have an amazing track record of funding the biggest names in the sector: Cisco, Apple, Google, Facebook. LA generally doesn’t have an appetite for this kind of investment at early stages. LA produced Applied Semantics that created AdSense and was bought by Google. Get over it.

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. Before starting the company, I held engineering roles at Google and Meetup. Funding for early-stage companies also suffers as a result of this.

Startup 70
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Can You Really Build a Great Tech Firm Outside Silicon Valley?

Both Sides of the Table

We were talking about a company, Factual (disclosure my firm is an investor), which was founded by one of LA’s most talented Internet entrepreneurs, Gil Elbaz , who as co-founder of Applied Semantics (purchased by pre-IPO Google for $102 million and now Google AdSense) is responsible for a large portion of the Internet’s monetization.

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The social Web in 2010: The emerging standards and technologies to watch

SoCal Delicious

As for 2010, it’s shaping up to be a year of general improvement in the business and technology industries hard hit by recession, the impact of which has seemed to hold back new investment and experimentation in social technologies, many of which are funded by staff participation from Internet firms. close behind.

Web 29