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 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.

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The Challenges (& Opportunities) of Starting a Tech Company in LA

Jason Nazar

I recently hosted a panel at the Twiistup Conference about LA tech companies. I have some pretty specific thoughts on the differences between companies in the two cities, as I wrote about in my previous post A Tale of Two Tech Cities.

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. in a Series A for the company, which allows users to trade in gift cards from a number of retailers to pay for merchandise and services online. giftcard gift mobile card payment financial capital venture clearstone openbucks

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. The company was led by Tom Lamb. According to VacationRoost, the combined vacation rental booking network of the companies is currently generating over $130M in annual vacation rental bookings. Clearstone''s Jim Armstrong joins VacationRoost''s Board of Directors as part of the deal.

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. Raising $75mm in IPO, values company at $515mm.

Tech Investor Pierce Makes Offer For Mt. Gox

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Pierce is a leading investor in Southern California companies, and is one of the many investors here who have recently honed in on the opportunities in Bitcoin. 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.

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

Tech Zulu Event

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.

Crowdfunder Raises $3.5M

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in a Series A funding, the company said late Tuesday evening. 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

Rubicon Project Files For IPO

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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., RBC Capital Markets, Needham & Company, Oppenheimer & Co, and Luma Securities. Rubicon is venture backed by Clearstone Ventures, News Corp.,

Playsino Releases First Two Network Titles

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Playsino recently announced an effort to bring third party, social casino games into its ecosystem, where it wlil help market and support games not designed by the company.

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 Sets IPO Range

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The company said it has been approved to list on the New York Stock Exchange as RUBI. Rubicon Project is venture backed by Clearstone Ventures, News Corp., RBC Capital Markets, Needham & Company, Oppenheimer & Co, and Luma Securities. Rubicon''s IPO is the first in Southern California from a technology company since June of 2012, when San Diego''s ServiceNow had its IPO.

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.

Sixgill Raises $6M For Proximity Sensing

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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. Ressler was previously a venture investor at Clearstone Venture Partners.

March Capital Re-Ups On E8 Security

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Santa 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. security e8security venture capital cybersecurity sumant mandal clearstone marchcp march partners

Los Angeles Startup Community

SoCal CTO

LA Tech Survival Guide A Tale of Two Tech Cities – Silicon Valley vs. Los Angeles Guide to the LA Startup Community Why You Should Start a Company in. Los Angeles LA Tech 101: The Company We Keep A Few Key People Really Can Make a Huge Difference The Challenges (& Opportunities) of Starting a Tech Company in LA Los Angeles Startup Networking Here are some guides to many of the different networking events around startups, technology, etc.:

Six Degree Games Raises $4.0M

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No details on the funding have yet been announced by the company, which is run by Minard Hamilton. The firm has previously raised funding from Clearstone Venture Partners, Prism VentureWorks, and Time Warner. The new funding would bring the company's total raised to around $18.0M.

Viewing Technology Companies Through a New Lens

SoCal Tech Calendar

Tuesday, January 17, 2012 -- Viewing Technology Companies Through a New Lens: The 2012 Outlook. Panelists include: Jay Beaghan, Managing Director of Investment Banking in Imperial Capital; William Quigley is Managing Director of Clearstone Venture Partners; Louis A. Please join J.H.

BetterWorks Taps Nicole Jordan For Communications Head

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BetterWorks said Tuesday afternoon that Jordan will serve as Director of Communications at the company, heading up public relations, corporate communications, and thought leadership. 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.

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

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The latest numbers from the PricewaterhouseCoopers/National Venture Capital Association MoneyTree report finds that companies here in Southern California raised $695.4M in investments, split across only three companies, including JustFabulous raising $76M, and Nasty Gal raising $25M.

March Capital Partners Backs Appcito

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March Capital has recently invested in such companies as Agent Ace, DeepForestMedia, and TeleSign. appcito venture capital cloud application infrastructure software saas subscription sumant mandal clearstone marchcapital march partners investment

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.

Rubicon Project Hails Growth, New Customers

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Los Angeles-based Rubicon Project says today that it is one of the "fastest growing ad technology companies in history". The startup says it added more than 200 new publishers and 100 new buyer channels for the six months ended March 31, 2013, and that its customers now include more than 500 of the world''s premium publishers, including eBay UK, Time, ABC News, the Wall Street Journal, Tribune Company, Virgin Media, People, Universal and many others. The company was founded in 2007.

Los Angeles Startup Community

SoCal CTO

LA Tech Survival Guide A Tale of Two Tech Cities – Silicon Valley vs. Los Angeles Guide to the LA Startup Community Why You Should Start a Company in. Los Angeles LA Tech 101: The Company We Keep A Few Key People Really Can Make a Huge Difference The Challenges (& Opportunities) of Starting a Tech Company in LA Los Angeles Startup Networking Here are some guides to many of the different networking events around startups, technology, etc.:

LeisureLink Makes Trio of Hires

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The company said it has named Tom Lamb as President of the firm, Alex Hansen as CFO, and Adam Michaelson as Chief Marketing Officer. 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.

Xfire Raises $4M More

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The firm said the round was led by Intel Capital, and also included Tomorrow Ventures, William Quigley and Jim Armstrong of Clearstone Ventures, Kamran Pourzanjani of PriceGrabber, and MP3.com founder Michael Robertson. Xfire said it has split from Titan Gaming as an independent firm as part of the funding, and the company also ushered in a new executive team.

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).

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. As Bessemer puts it, “Whatever the reason, we would like to honor these companies, whose phenomenal success inspires us in our ongoing endeavors to build growing businesses.

Do They Have a Great Rolodex, Connections and Advice?

Ask the Angels

High-caliber Angels with a lot of experience at both large and small companies, tend to have strong Rolodexes and skills that can be applied to helping portfolio companies. When reviewing their experience, consider both their work history and the companies they’ve backed as investors. If you’re further along with an angel group, consider doing more diligence on the group and its members by contacting CEOs of their portfolio companies.

Insights and Opinions: The Problem with the Super Angels

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For today's Insights and Opinions section today, we have a post from Jim Armstrong , Managing Director at Clearstone Venture Partners , who talks about some of the issues behind the super angel trend. At Clearstone, we have also launched a super angel fund and strategy.

TechZulu Presents: The Annual Startup Forecast

Tech Zulu Event

Topics of discussion will be Wearables Technology, Bitcoin, SaaS, Cloud, Mobile, Gaming, Social Markets, what surprises are coming for 2014, creating value with your company, hiring problem solvers, and building a sensible businesses.