Clearstone Backs Openbucks

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Santa Monica-based venture capital firm Clearstone Ventures is backing a Bay Area gift card-based, payment network, Openbucks , as part of a Series A funding for Openbucks. The round was led by Yahoo co-founder Jerry Yang , and also included Terry Semel , Greycroft Partners , BV Capital, Morado Ventures, Novel TMT Ventures, Inspiration Ventures , CrunchFund, SV Angel and TiE Angels, along with the involvement of Clearstone Ventures.

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 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 Backs Games2Win

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Santa Monica-based Clearstone Venture Partners has upped its investment in Mumbai, India-based Games2Win , an online developer of casual and other games. Rajan Mehra of Clearstone Ventures joins the board of directors of Games2Win along with the funding. Clearstone's efforts in India are run by Sumant Mandal and Rajan Mehra. clearstone ventures venture capital games2win online casual gaming content videogame

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 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>>.

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 Re-Ups On Biometrics Firm AOptix

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Santa Monica-based venture capital investor Clearstone Ventures has re-upped in a developer of biometric identity verification technology. Campbell, California-based AOptix announced a $42M, Series E funding round today, which came from Clearstone Venture Partners , DAG Ventures, Kleiner Perkins Caufield & Byers, Northgate Capital and W Capital Partners--all existing investors--along with new investor True Ventures.

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

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 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.

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.

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

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

This Week in VC with Jim Armstrong of Clearstone

Both Sides of the Table

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.

March Capital Backs Mandal's The Fabric

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Los Angeles-based March Capital Partners has joined Verizon Ventures in backing a new, early stage investment accelerator--called The Fabric --whose co-founders include Sumant Mandal, a Managing Partner at March Capital Partners, and former Managing Partner at Clearstone Ventures. march capital fabric venture clearstone sumant mandal cloud infrastructure software

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.

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

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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.

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

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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.

It Takes a Village to GROW and Nurture Innovation

Tech Zulu Event

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.

TONIGHT: Brock Pierce & GoCoin Host Oakland Mayoral Candidate, Bryan Parker

Tech Zulu Event

Events Finance Government Politics 41 Ocean bitcoin Brock Pierce Bryan Parker Clearstone Venture Partners GoCoin Oakland Mayoral Candidate

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.

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False Negatives and the Anti-Portfolio

Ask the Angels

Seeing last week’s Venture Capital Dispatch in the online Wall Street Journal, When Venture Capitalists Let One Slip Away , reminded me of Jim Armstrong’s (Clearstone Venture Partners) comment last year about false negatives. Tags: General Anti-Portfolio Bessemer Venture Partners Clearstone Venture Partners Joe Platnick Pasadena Angels

Do They Have a Great Rolodex, Connections and Advice?

Ask the Angels

A couple of years ago, William Quigley of Clearstone Venture Partners wrote an appropriate blog post, Value of Certain Angel Investors : As a VC, I divide angel investors into two buckets. Given that Clearstone has invested in one of our portfolio companies— LeisureLink —that’s managed by two of our members, it’s a pretty good bet that the Pasadena Angels fall into the first bucket. Part IV of a Continuing Series on How to Select an Angel Group.

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.

Insights and Opinions: Top 10 Board Meetings Do's And Don'ts For CEOs

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This morning's Insights & Opinions piece comes from Jim Armstrong , Managing Director at Clearstone Venture Partners. Tags: insights opinions armstrong clearstone venture capital Jim is very active helping Southern California's aspiring entrepreneurs, and has been instrumental in helping to promote the technology industry here. Jim has been giving helpful advice to CEOs recently on his blog , and we're sharing his recent top ten list of board meetings do's and don'ts for CEO.

Why SoCal's VCs Are Ignored On Forbes' Midas List, By The Numbers

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The Forbes' list hasn't included a Southern California venture capitalist since around 2006 , when it included Jim Armstrong (then at Clearstone Venture Partners), Brad Jones (then at Redpoint Ventures), Andrew Senyei of Enterprise Partners, Bill Elkus, also of Clearstone, and James Blair of Domain Associates. Ever wonder why Southern California venture capitalists rarely, if ever, make it onto the Forbes Midas List of the best venture capitalists?

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.

Integrien Acquired By VMware

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The acquisition was a big win for Southern California's investors, particularly from Clearstone Venture Partners and the Tech Coast Angels. Integrien was venture backed by Clearstone Venture Partners, Acartha Group, Mariner Capital Ventures, and the Tech Coast Angels. Clearstone owned about half of the firm. Clearstone's other major recent exits are Kazeon (acquired by EMC), Mimosa (Iron Mountain), Ankeena (Juniper Networks), and Meru Networks (IPO).

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.

What is the Rubicon Project???

Frank Addante

Tags: square1 the rubicon project clearstone internet advertising

LeisureLink Picks Up $17M More For Vacation Rental Booking

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The funding came from Clearstone Ventures, Kinderhook Industries, and Escalate Capital Partners. LeisureLink which provides booking and distribution software for the vacation rental industry, announced today that it has raised $17M in a funding round. The company--which has offices in Pasadena, but has its headquarters in Salt Lake City, Utah--said the funding will go towards scaling company operations. LeisureLink was became part of VacationRoost in 2014. READ MORE>>.

Playsino Hits 1M Installs

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Playsino develops social, casino games which run on Facebook, and is venture 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).