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Hack4LA Looks To Help Local Communities, Government

socalTECH

This Hackathon--sponsored by such companies as Google, Scopely, ESRI, Factual, LA Makerspace, AT&T and others--is being held in Boyle Heights on June 1st and 2nd. Coaches and mentors from companies like Topspin Media, Citysearch, Beachbody, Lootsie, Datapop, and Carbon also are involved. READ MORE>>.

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Kara Nortman Was Just Promoted to Co-Managing Partner at Upfront Ventures. Here’s What it All Means

Both Sides of the Table

She took an operating role helping run Citysearch and Urbanspoon. Kara said “no” because she wanted to start her own company, which she did and I backed. The core of the investing job of course is investing dollars into startup companies and helping as a mentor, advisor and board member on the companies in which you’ve invested.

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How VCs Think About Adding New Partners

Both Sides of the Table

Operating experience (Helped run parts of CitySearch & UrbanSpoon, tons of product management experience, Board of Hatch Labs which helped spawn Tinder). Helped merge company with Seedling – on track to do $20 million combined revenue in 2015 – will now become Chairman). She is a coach and mentor to team members.

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Bolstering the Partner Ranks at GRP

Both Sides of the Table

He shared tons of information about how how they were using marketing to quantitatively make marketing decisions at HauteLook and acquire customers for prices that were far cheaper than similar companies. He was also the first one to challenge my conventional wisdom that it made no sense for tech companies to advertise on television.

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Announcing a Deal I’ve Wanted to Talk About for a Year

Both Sides of the Table

I’m super excited to announce that GRP Partners led the investment in Ethan Anderson’s new company MyTime (link has LA-based merchants but will give you a good feel for the product). BuildOnline (the company I founded) has just announcement plans to be more aggressive in growing in the US. Let me not bury the lede.

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LA Tech Startup Innovators and Fun Facts

Tech Zulu Event

Their roster of success includes numerous pioneering tech companies, many of which continue to be industry leaders today — Overture, BillMeLater, CitySearch, and more. Fun Fact: A team from OKCupid works out of the space, as well as a few of the best civic-focused tech companies in LA. Product Development: philosophie.

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Interview with Mark Suster, GRP Partners

socalTECH

Mark has also been quite active mentoring entrepreneurs, We caught up with Mark to hear about what kinds of investments GRP is looking at nowadays, his view on the software-as-a-service market, and how best to approach him with a pitch. The new fund is focused entirely on technology companies. That was quite a prominent exit for us.