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Clearstone Backs Openbucks

socalTECH

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. According to Openbucks, it has raised $4.8M According to Openbucks, it has raised $4.8M

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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. Segment One: Jim’s background and Clearstone’s investment strategy. LivingSocial.

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Geodelic Ships Application With T-Mobile

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Santa Monica-based Geodelic announced today that the firm is shipping a new application for local discovery, along with T-Mobile USA. According to the venture backed firm, the new software for T-Mobile's myTouch 3G, learns a user's favorite locations and helps them find local retailers, restaurants, and attractions. and Jamdat.

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This Week in VC – Scott Painter, CEO of Zag & TrueCar

Both Sides of the Table

But more importantly we talked in the video about fund raising and how Scott has become so efficient at it. Rumored to have turned down acquisition offers from Yahoo and Facebook. Incubated by Clearstone Ventures in 2008. Includes content mobile guides, ie. Currently has 1.8mm users and adding about 15,000 users/day.

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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. MusicMatch was acquired by Yahoo! There will be plenty of FREE food and drinks!

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Interview with Mark Suster, GRP Partners

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GRP has just recently closed on a new $200M fund, and Mark has been one of the more active venture capitalists in the Los Angeles area in recent months. billion to Yahoo, we did CitySearch, we invested in the largest travel site in Europe, called LastMinute.com, and also CyberSource--a number of very early stage, Internet companies.