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Clearstone's Sumant Mandal On Exits, Opportunities

socalTECH

Over the last few months, Santa Monica-based Clearstone Ventures (www.clearstone.com) has had a number of high profile exits in its portfolio. It's not a revenue multiple sale. EMC said--Kazeon is the most profitable part of the sale, so I want to own it. Sumant Mandal: First of all, you know our heritage is as an incubator.

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

Both Sides of the Table

-Company plans to use the capital to build out sales and marketing and r&d. -a Incubated by Clearstone Ventures in 2008. Spread through word-of-mouth as the company has no sales team, all engineers. a fbFund winner. Competitors: Omniture , Webtrends. Current round: $4. Total raised: $6.0mm. See: TechCrunch.

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TechZulu Recaps: The Annual Startup Forecast

Tech Zulu Event

Speakers listed: Brock Pierce – Digital currency pioneer investing in Bitcoin, games, and online gambling businesses; Clearstone Global Gaming Fund. Richard Wolpert – Managing Director of Amplify.LA, startup incubator and Venture Advisor at Accel Partners.

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