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Citysearch, IAC Looks To Contest For Business Ideas

socalTECH

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.

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Want to Start a Technology Company in LA?

Both Sides of the Table

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.

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Ten Tech Entrepreneurs Who Are Putting LA on the Map

SoCal Delicious

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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A Few Key People Really Can Make a Huge Difference

Both Sides of the Table

It’s no big surprise that I spend a larger portion of my time in LA working on: disruption of television, performance-based marketing, games & mobile. We have all of the 2nd-time entrepreneurs from Overture, CitySearch, MySpace, etc. We know it can be done. Foreign Direct Investment (FDI). billion.