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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. The firm said the funding will go towards product development, sales and marketing. READ MORE>>.

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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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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. Sumant Mandal: Companies with a very specific, technology advantage, with products that are focused on markets that people have a belief in, and are growth markets.

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Rubicon Project Surges In IPO

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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. The IPO is a huge win for backers Clearstone Ventures, News Corp., Clearstone owned about 24.0% and Mayfield. READ MORE>>.

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Tech Investor Pierce Makes Offer For Mt. Gox

socalTECH

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. According to a report , Brock--and his investment group, Sunlot--apparently are hoping to help stabilize the Bitcoin economy through its move.

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

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in funding in Q3, up in terms of dollars from Q3 of last year, when $670.9M invested in that sector; Industrial/Energy firms, which includes a significant number of clean technology companies, had a total of $137.4M Finally, the third biggest area for funding was Retailing/Distribution, which had a total of $105.7M was raised.

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

socalTECH

in funding in Q3, up in terms of dollars from Q3 of last year, when $670.9M invested in that sector; Industrial/Energy firms, which includes a significant number of clean technology companies, had a total of $137.4M Finally, the third biggest area for funding was Retailing/Distribution, which had a total of $105.7M was raised.