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Demand Media Buys Saatchi Art, Appoints Sean Moriarty As CEO

socalTECH

Santa MOnica-based Demand Media made a surprise move this morning, saying it has appointed former Ticketmaster CEO Sean Moriarty as its new CEO--and also acquiring Moriarty''s startup, Saatchi Art. According to Demand Media, it paid $17M for Saatchi Art, in a mix of cash and stock, in a deal which will add revenues of $0.5M

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Los Angeles, San Diego Among Top 10 Cities For Startups

socalTECH

USA Today cited the activity of such companies as Demand Media, Break.com, Buzzmedia, Citysearch, Google, JibJab, ShoeDazzle, and Viddy in Los Angeles, and Qualcomm, Slacker, Sorenson Media, and MOGL in San Diego as examples of those cities' active startup base. READ MORE>>.

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Goldstar Adds Coffin, Moriarty, Harris As Advisors

socalTECH

Coffin is the former founder of LowerMyBills.com, and is now an investor in such firms as Demand Media, Houtelook, Ad.ly, ShoeDazzle, and other startups.

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Ten Tech Entrepreneurs Who Are Putting LA on the Map

SoCal Delicious

Richard Rosenblatt – Demand Media. Most recently, Rosenblatt cofounded Demand Media, launching in 2006 with $120 million in equity and the acquisition of eHow.com. You might know Demand Media better as the people behind Cracked, DailyPuppy, and GolfLink. socaltech socal socalcto Follow @pandodaily.

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A Few Key People Really Can Make a Huge Difference

Both Sides of the Table

Every region needs its local media & events. In LA we have SoCalTech , for which I am grateful. We have all of the 2nd-time entrepreneurs from Overture, CitySearch, MySpace, etc. Not to mention they have the highest profile VC / blogger Fred Wilson of AVC. It’s an awesome source of regional news.