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West Hollywood-based Citysearch , the local reviews and directory service of IAC, has taken an unusual approach to finding its next business idea: it's running a contest which asks its users to submit a "brilliant" idea for web and mobile applications. Tags: citysearch business contest idea venture capital equity. READ MORE>>.
Slavin was previously a developer of real estate in the Los Angeles area, and according to the firm is a managing partner at private equity firm Napias Group.
We were also an investor in the early local listing company, CitySearch – an LA company. 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.
I came out of Boston Consulting, doing technology and new media consulting, then I went to Citysearch, where I was one of the early executives running bizdev and international. Tags: capital venture equity startupexchange fund startup interview barton michael. We merged with Ticketmaster, took it public before selling it to IAC.
The other message I delivered to the room of entrepreneurs & investors at dinner the other night was that you need to think about equity from outside the region the same way that countries think about foreign direct investment. We have all of the 2nd-time entrepreneurs from Overture, CitySearch, MySpace, etc. billion.
Yelp and CitySearch have been around for awhile, but Foursquare is really built on local businesses, Groupon, LivingSocial, and other deal sites are built on the backs of local businesses. That way, we're able to maintain our quality and consistency. How is the company funded?
Most recently, Rosenblatt cofounded Demand Media, launching in 2006 with $120 million in equity and the acquisition of eHow.com. Picasa, CitySearch and ESolar have all gone through Bill Gross and without his steady hands, the companies, and Los Angeles, wouldn’t be the same. Elon Musk – SpaceX, Tesla Motors, PayPal.
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