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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 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>>.

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 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

Quigley: Venture Capital Revival Coming

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William Quigley , a venture capitalist at Clearstone Venture Partners, is making the argument that venture capital returns are set to return superior returns in the coming years, due to the disinterest of institutional investors.

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

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.

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. It was especially fun for me because we got the chance to talk about the VC industry and how entrepreneurs should think about the VC industry in addition to discussing deals.

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 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 NeoCarta Ventures, Bluestream Ventures, D.E. Shaw Group, Tenaya Capital, and CID Group.

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's your opinion on where venture is going?

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. According to reports, Nirvana Venture Advisors acquired a 10 percent stake from early stage investors Nexus Venture Partners and ICICI Ventures, along with some employees.

Los Angeles Startup Community

SoCal CTO

Venture Capital As long as I'm pulling this together, here are some venture capital firms in Los Angeles that can help get you wired in. I was just talking with someone who's new to Los Angeles and wanting to connect into the Los Angeles Startup Community. I told them that I had recently seen several posts/articles talking about how vibrant the community has become. As is usual, I couldn't remember where I had seen those posts.

The Venture Capital Industry: The Current State of Affairs

Jason Nazar

There has been a lot of conjecture about how the Venture community will respond to the economic downturn. Erick Schonfeld writes about the current state of affairs in his TechCrunch post: “ The End of Venture Capital as We Know It &#.

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 billion has been invested in the region via venture capital.

Crowdfunder Raises $3.5M

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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. capital venture finance equity crowdfunding crowdfunder

LAVA's Annual VC Breakfast

SoCal Tech Calendar

Tuesday, August 10, 2010 -- LAVA's Annual VC Breakfast. Find out what does it take to secure Venture Capital for your company. Current Confirmed Panelists: Sumant Mandal, Managing Director, Clearstone Venture Partners; Kevin Jacques, Partner, Palomar Ventures; Jim Andelman, General Partner, Rincon Venture Partners; Mark Suster, Partner, Los Angeles, GRP Partners; Klaus Koch, Managing Partner, Vicente Capital Partners.

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

Tech Zulu Event

Silicon Valley-based entrepreneur and VC, Karl Mehta has launched Code For India (CFI) to empower the country’s citizens to actively participate in improving their communities. He build a venture, PlaySpan Inc.

Six Degree Games Gets $4.0M

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The firm's prior backers were Time Warner, Clearstone Venture Partners, and Prism VentureWorks; it's unclear who backed the firm in the latest funding. degree games online virtual world children venture capital gaming videogame sixdegree

Six Degree Games Raises $4.0M

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The firm has previously raised funding from Clearstone Venture Partners, Prism VentureWorks, and Time Warner. degree games online virtual world children venture capital gaming

Los Angeles Startup Community

SoCal CTO

Venture Capital As long as I'm pulling this together, here are some venture capital firms in Los Angeles that can help get you wired in. I was just talking with someone who's new to Los Angeles and wanting to connect into the Los Angeles Startup Community. I told them that I had recently seen several posts/articles talking about how vibrant the community has become. As is usual, I couldn't remember where I had seen those posts.

Playsino Releases First Two Network Titles

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Playsino is 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).

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. E8 Security said on Tuesday that it has raised $12M in Series B funding, led by Strategic Cyber Ventures, and also including prior investors March Capital Partners, Allegis Capital, and The Hive.

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 titan gaming venture capital videogame gamer communications chatLos Angeles-based Xfire , the online community and chat service for gamers, announced Thursday that it has raised $4M in a new funding round.

March Capital Partners Backs Appcito

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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. in a Series A funding round, which also include Atlas Venture and The Fabric. March Capital''s Sumant Mandal led the investment round.

Recent Insights & Opinions: Web traffic, trouble in Venture Capital, and more

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Frank Peters , of the Frank Peters Show, talks with Clearstone Ventures' Jim Armstrong about Trouble in Venture Capital. John Greathouse , a partner at Rincon Venture Partners, gives an extensive tutorial on how to (or how not to) compensate entrepreneurial advisors. Visitors to our web site are most likely familiar with our Insights and Opinions section, where we share advice, opinions, insights, and more from our readers.

March Capital Partners Backs E8 Security

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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. March Capital Partners led the investment, which also included Allegis Capital and The Hive. security march capital partners venture clearstone mandal cybersecurity cyberattack software

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

The panel is comprised of Southern California’s Top VC’s, Angels, and Startup Accelerator founders. Peter Csathy - CEO Manatt Digital Media Ventures. Richard Wolpert - Managing Director of Amplify.LA & Venture Advisor at Accel Partners.

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. If you think VCs and Angels have had some of the biggest investment oversights, here are some of the bigger and more amusing ones from outside the VC community: “We don’t like their sound.

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

Both Sides of the Table

Current round: $20.0mm Series-B led by Andreesen Horowitz, with USV and O’Reilly AlphaTech Ventures. Company plans to use the capital to build out sales and marketing and r&d. -a led by Altos Ventures and Maverick Capital, with Larry Braitman.

Do They Have a Great Rolodex, Connections and Advice?

Ask the Angels

2. Do they actually have capital and a track record of investing their own personal funds. 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. As it happens, angel investors in this category usually know the VCs who invest in their space and can be a great help in introducing a start up to smart venture capital investors.

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.

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 venture capital vacation booking rental rentals investmentLeisureLink which provides booking and distribution software for the vacation rental industry, announced today that it has raised $17M in a funding round.

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

Jason Nazar

of a product up and running in a few months weeks getting thousands of users for next to no capital, in Los Angeles many folks will take over a year and spend a million dollars just to get a beta product ready. Challenge #3 – There Needs to Be More Institutional Capital in Los Angeles.

Southern California Firms Gets $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 billion has been invested in the region via venture capital.

Los Angeles Venture Investors Get Their Mojo Back

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For several years, the phrase "Los Angeles Venture Capitalist" had almost become an oxymoron. Local investments funds have had issues raising their new funds, and venture investors had started to hunker down with their portfolios, waiting for some sign of a thaw in the exit environment.

Q3 Southern California Venture Deals Around $879M

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A quick analysis by socalTECH of our tracking of venture capital deals in Southern California finds that there was around $879M in venture funding activity here in Q3. The biggest are for venture activity in the quarter was Biopharmaceuticals, which was $299.13M of the quarterly total. San Diego led investment activity in Q3, with a large number of the biggest VC deals all located in the area. Tags: southern california quarterly venture capital

Pitching Venture Capitalists

SoCal Tech Calendar

Monday, June 22, 2009 -- Pitching Venture Capitalists - Startups Uncensored #8. This months Startups Uncensored will be on Pitching Venture Capitalists. It will be an open and frank town-hall conversation revealing the best ways to meet, court, and pitch venture capitalists on your business ideas. We are joined this month by Nate Redmond, a Partner at Rustic Canyon Venture Capital, and Docstoc Board member.