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Rubicon Project's Big Winners: Clearstone, News Corp., Mayfield

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per share in trading Monday), the biggest winner from the IPO last week was venture capital fund Clearstone Venture Partners , whose stake in Rubicon Project was worth around $121M today; other winners were News Corporation ($91.5M); Mayfield Fund ($79.29M); as well as Rubicon Project CEO and Founder Frank Addante, whose stake in Rubicon Project is now worth a healthy, $58.98M. rubicon project merger acquisition clearstone news mayfield winners frank addante

Clearstone Backs CupidsPlay.com

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Santa Monica-based venture capital firm Clearstone Ventures has backed a developer of an online social dating and games firm, CupidsPlay. CupidsPlay said it received seed funding from Clearstone. cupidsplay clearstone venture capital funding online gaming content videogame social gamesFinancial details of the investment were not disclosed. CupidsPlay is based in Bellevue, Washington. READ MORE>>.

Clearstone Portfolio Firm Cetas Acquired By VMware

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Santa Monica-based Clearstone Ventures has had another exit in its portfolio, this time with the acquisition of Cetas , a developer of cloud data analytics software, by VMware. Cetas was incubated in Clearstone's Palo Alto offices by Sudhakar Muddu, a Ph.D.

Clearstone Gets Exit At Apture

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Santa Monica-based venture capital firm Clearstone Ventures has scored an acquisition in its portfolio today, with the acquisition of Apture by Google. Apture had been backed by Clearstone Venture Partners, Beau Vrolyk, Paul Maritz, and Steve Taylor. Clearstone was involved in Apture's Series A in March of 2009. apture google merger acquisition software browsing clearstone venture capital exit

Clearstone Tops CalPERS IRR List

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Topping the list of IRR investments was Clearstone Venture Partners I-B, L.P. , a 1999-vintage fund from Santa Monica-based Clearstone, which had an IRR of 154.7 investment calpers ventures capital venture avalon clearstone

Clearstone Ventures Into Apture

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Santa Monica-based Clearstone Venture Partners is the lead investor in a Northern California firm focused on the blogging and publishing industry, Apture. Apture said this morning that Clearstone was the lead investor in a $4.1M, Series A investment in the firm, which develops tools which allows publishers to add multimedia to their articles and web pages. David Stern and Sumant Mandal of Clearstone have joined Apture's board along with the funding.

It Takes a Village to GROW and Nurture Innovation

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People like Peter Pham and Mike Jones who convinced Debbie Landa to throw monthly Dealmaker LA events, and Manatt, Phelps & Phillips and Clearstone Venture Partners for generously hosting them.

Clearstone Gets Another Win With Ankeena

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Santa Monica-based Clearstone Ventures appears to be on an exit roll this month, with the acquisition Thursday of Ankeena Networks , a supplier of software for content delivery networks. Juniper Networks said Thursday that it would pay something less than $100M for Ankeena, which was incubated by Clearstone Ventures, and also had gained funding from Trinity Ventures and the Mayfield Fund. Clearstone's Sumant Mandal sits on Ankeena's board of directors.

Clearstone I Tops CalPERS Fund Performance

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Santa Monica-based venture capital firm Clearstone Venture Partners currently tops the list for the best performing fund within CalPERS private equity funds, according to recently released figures from CalPERS. According to the numbers, Clearstone Venture Partners 1-B, which was raised in 1999, has returned CalPERS so far 154.7 It's unclear how a number of successful exits in Clearstone's portfolio since March 31st have impacted its fund I and II results.

Clearstone's Sumant Mandal On Exits, Opportunities

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Over the last few months, Santa Monica-based Clearstone Ventures (www.clearstone.com) has had a number of high profile exits in its portfolio. Clearstone itself was an incubated entity, out of Idealab, it was Idealab Capital.

Clearstone Gets Big Win With Meru

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Santa Monica-based venture capital firm Clearstone Ventures was among the big winners Wednesday in the IPO debut of Sunnyvale-based Meru Networks , a developer of virtual wireless LAN products. Clearstone was the biggest shareholder in Meru before the IPO, with 20.9 Clearstone's Bill Quigley represents the venture capital firm on Meru's board of directors. Tags: clearstone venture capital ventures william quigley bill meru networks

What Mattered in 2010: Jim Armstrong, Clearstone Ventures

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For today's contribution, we spoke with Jim Armstrong , a venture capitalist at Clearstone Venture Partners. clearstone armstrong capital venture opinions year

Insights and Opinions: A VC's Comments On Investing and Startups in LA

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Yesterday, Tom Tierney of the Tech Coast Angels responded with his own thoughts on the subject, and today, we have a few comments from Jim Armstrong , Managing Director at Clearstone Venture Partners. insights opinions investing startups ryan born armstrong clearstone venture capital

Clearstone Portfolio Firm Meru Networks Files for IPO

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A portfolio firm of Santa Monica-based Clearstone Ventures , Meru Networks , filed for an IPO late Friday night, saying it is looking to go public on the NYSE. owned by Clearstone Ventures, said it would look to raise up to $86.25M in an IPO underwritten by BofA Merrill Lynch, Baird, Cowen and Company, JMP Securities LLC, and ThinkEquity LLC. Clearstone's William Quigley sits on Meru's board of directors. Tags: clearstone ventures meru networks merger acquisition

Games2Win Finds New Investor

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Games2Win , the provider of online casual games backed by Clearstone Venture Partners, has scored an investment from Nirvana Venture Advisors, according to a number of Indian business publications. The firm is one of the companies which Clearstone has invested in as part of its efforts in India. Clearstone apparently remains an investor in the gaming firm. games2win clearstone venture capital india videogame casual gaming online

LeisureLink Acquired By VacationRoost

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LeisureLink was venture backed by Clearstone Venture Partners and Mission Ventures, and also had received a strategic investment from Wyndham Worldwide. Clearstone''s Jim Armstrong joins VacationRoost''s Board of Directors as part of the deal. Pasadena-based LeisureLink , the developer of travel booking software for the vacation rental market, has been acquired by VacationRoost , which operates an online vacation rental marketplace. Financial terms of the buy were not announced.

This Week in VC with Jim Armstrong of Clearstone

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Had a great chat with Jim Armstrong who is a General Partner at Clearstone Venture Partners today on TWiVC. Clearstone currently invests out of a $200 million fund based in LA with offices in Menlo Park and in India.

Menlo Ventures Karl Mehta Launches CodeForIndia.Org To Empower Citizens In India

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Professor Vijay Pande of Stanford University, Mohandas Pai, Chairman of Manipal Global Education and Vish Mishra, Venture Director at Clearstone and mentor to The Hive and The Fabric have joined CFI’s Advisory Board.

Tech Investor Pierce Makes Offer For Mt. Gox

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BitAngels angel investment group focused on Bitcoin; is a backer of Santa Monica-based GoCoin; and has investments in such companies as Playsino and Xfire, in addition to being involved with the Clearstone Global Gaming Fund. Brock Pierce , the Southern California technology investor and Bitcoin mogul, is leading a group of investors looking to take over failed Bitcoin exchange Mt. Gox -- in exchange for a single Bitcoin.

Crowdfunder Raises $3.5M

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The funding came from Tim Draper (DFJ), Bill Quigley (Clearstone, Crypto Currency Partners), Bridge 37 Ventures, Ideas & Capital Venture Capital, Maura O''Neill, Capital Nuts, Marcus Segal (Zynga), Mark Rampolla (ZICO Coconut Water), David Wilner (Windriver Systems), and others. Los Angeles-based crowdfunding site Crowdfunder.com , the equity crowdfunding site led by Chance Barnett, has raised $3.5M in a Series A funding, the company said late Tuesday evening.

Playsino Releases First Two Network Titles

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Playsino is backed by IDM Venture Capital, Eric Schmidt (Google), Michael Robertson (MP3.com), Carlos Bhola (Vonage), Kamran Pouzanjani (PriceGrabber), and William Quigley and Jim Armstrong (Clearstone Venture Partners).

Rubicon Project Surges In IPO

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The IPO is a huge win for backers Clearstone Ventures, News Corp., It''s been a long road for Rubicon''s backers, who first invested in the company back in 2007, when Clearstone Ventures invested in Rubicon''s Series A funding. Clearstone owned about 24.0% Santa Monica-based The Rubicon Project , the online advertising technology and exchange operator founded by Frank Addante, surged in its IPO on Wednesday morning, trading up roughly 34% in morning trading.

Rubicon Project Files For IPO

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Rubicon is venture backed by Clearstone Ventures, News Corp., Los Angeles-based online advertising technology developer Rubicon Project has filed for an IPO, saying in a filing with the SEC that it is looking to sell up to $100M in its stock in an IPO on the New York Stock Exchange. The company said it is looking to trade under the symbol RUBI. The company''s IPO is being underwritten by Morgan Stanley, Goldman, Sachs, & Co.,

March Capital Re-Ups On E8 Security

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security e8security venture capital cybersecurity sumant mandal clearstone marchcp march partnersSanta Monica-based venture investor March Capital Partners has re-upped on one of its portfolio companies, Redwood City-based E8 Security , which develops software used to analyze cybersecurity threats.

LeisureLink Ties With Software Firm

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The company is venture backed by Clearstone Venture Partners , Kodiak Ventures, Mission Ventures , the Pasadena Angels , the Tech Coast Angels , as well as others.

Quigley: Venture Capital Revival Coming

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William Quigley , a venture capitalist at Clearstone Venture Partners, is making the argument that venture capital returns are set to return superior returns in the coming years, due to the disinterest of institutional investors. Disclosure: Clearstone is a sponsor of socalTECH).

Rubicon Project Sets IPO Range

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Rubicon Project is venture backed by Clearstone Ventures, News Corp., Los Angeles-based online advertising technology developer Rubicon Project set the pricing range for its initial public offering Thursday, saying that it hopes to offer 6,770,995 shares of its common stock at between $15.00 and $17.00 per share. The company said it has been approved to list on the New York Stock Exchange as RUBI. Mayfield, as well as others.

Sixgill Raises $6M For Proximity Sensing

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Ressler was previously a venture investor at Clearstone Venture Partners. Santa Monica-based Sixgill , a developer of location awareness software aimed at the enterprise market, has raised $6M in a funding round, the company said this morning.

Six Degree Games Gets $4.0M

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The firm's prior backers were Time Warner, Clearstone Venture Partners, and Prism VentureWorks; it's unclear who backed the firm in the latest funding. Marina Del Rey-based Six Degree Games , the developer of online virtual worlds, recently raised $4.0M

Six Degree Games Raises $4.0M

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The firm has previously raised funding from Clearstone Venture Partners, Prism VentureWorks, and Time Warner. Marina Del Rey-based Six Degree Games , the developer of online virtual worlds for children, has raised another $4.0M

Los Angeles Startup Community

SoCal CTO

I was just talking with someone who's new to Los Angeles and wanting to connect into the Los Angeles Startup Community. I told them that I had recently seen several posts/articles talking about how vibrant the community has become. As is usual, I couldn't remember where I had seen those posts. So, I promised I would create this post to help point them in the right direction. I will do my best to keep this up to date.

March Capital Partners Backs E8 Security

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security march capital partners venture clearstone mandal cybersecurity cyberattack software Santa Monica-based March Capital Partners , the venture capital investment firm led by Jim Armstrong, Sumant Mandal, Gregory Milkin, and Jamie Montgomery, is the lead investor in a new cyber security startup, E8 Security. E8 Security said Tuesday that it had raised $9.8M in a Series A funding, for its cyber security analytics software, used to help detect cyber attacks.

March Capital Partners Backs Appcito

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appcito venture capital cloud application infrastructure software saas subscription sumant mandal clearstone marchcapital march partners investment Santa Monica-based venture capital investor March Capital Partners --the new investment firm led by longtime Southern California venture capital veterans Jim Armstrong, Sumant Mandal, Gregory Milken, and Jamie Montgomery--has made an investment in cloud application infrastructure developer Appcito.

BetterWorks Taps Nicole Jordan For Communications Head

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Jordan is well known for her work promoting the Los Angeles technology industry, and has previously served at such firms as Clearstone Venture Partners, Rubicon Project, ThisNext.com, and others. Santa Monica-based BetterWorks , the employee fringe benefits services provider headed by Paige Craig, has tapped LA technology advocate Nicole Jordan as its head of Communications.

Geodelic Ships Application With T-Mobile

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in funding from Clearstone Venture Partners and Shasta Ventures. The company was incubated by Clearstone Ventures, which has been actively pulling together management teams and funding new startups in Los Angeles and elsewhere.

Southern California Firms Get $694M In Q3 2012 Venture Funding

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The most active Southern California venture capital firms, including those investing outside of the region, was nearly the same list, with the Pasadena Angels (9); Siemer Ventures (8), Clearstone Venture Partners (5), and GRP Partners (5 deals) topping the rankings.

LeisureLink Makes Trio of Hires

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LeisureLink is venture backed by Clearstone Venture Partners and Mission Ventures. Pasadena-based LeisureLink , the venture-backed provider of a vacation rental marketing system and operator of online booking travel site ABetterStay.com , has made a trio of new hires this week. The company said it has named Tom Lamb as President of the firm, Alex Hansen as CFO, and Adam Michaelson as Chief Marketing Officer.

Rubicon Project Hails Growth, New Customers

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Rubicon is venture backed by Clearstone Venture Partners, IDG Ventures, Mayfield, News Corp., Los Angeles-based Rubicon Project says today that it is one of the "fastest growing ad technology companies in history".

Insights and Opinions: Idealab and the Bill Gross Legacy

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For today's Insights and Opinions section, we thought we'd share a recent article penned by Clearstone Ventures' William Quigley. In all of the recent rush to create internet accelerators in the region, William talks about, Bill Gross, the person behind the "original" tech incubator, Idealab.

Los Angeles Startup Community

SoCal CTO

I was just talking with someone who's new to Los Angeles and wanting to connect into the Los Angeles Startup Community. I told them that I had recently seen several posts/articles talking about how vibrant the community has become. As is usual, I couldn't remember where I had seen those posts. So, I promised I would create this post to help point them in the right direction. I will do my best to keep this up to date.