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.

Yahoo To Shut Geocities

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Internet portal Yahoo is quietly shutting Geocities , the Internet home page portal it acquired in 1999. Yahoo said it is no longer accepting new customers, and will discontinue the service later this year. billion stock-and-option acquisition by Yahoo in 1999. The firm was later moved to the Bay Area by Yahoo. Tags: yahoo geocities shutdown

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This Week in VC with Jim Armstrong of Clearstone

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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. That seems to be the case for lots of AOL / Yahoo!

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 Hires Two Execs

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Trenda was most recently VP Global Partnerships at AOL, and also served at Advertising.com, Yahoo, Overture and GoTo, among other firms. Matza was most recently VP of Product Management at Experian, and also has served at Yahoo, Q Interactive/CoolSavings, and AdForce. Rubicon develops online advertising optimization software and related services, and is backed by Clearstone Venture Partners, Mayfield Fund, IDG Ventures and the Peacock Equity Fund.

Los Angeles Tech Launched - Hot List

SoCal CTO

I'm happy to announce the launch of the Los Angeles Tech Content Community. This is the beginning of a content community that collects and organizes the best content from blogs and web sites. The goal is to create a place where it's relatively easy to find current content and highly relevant content surrounding Los Angeles Technology. To be clear Los Angeles Tech is a jump off point. The content comes from other places. This is mostly from bloggers, but also from pages being included by members.

Interview with Mark Suster, GRP Partners

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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. My competition is not Rustic Canyon, it's not Clearstone, or the other venture firms in town. This morning's interview is with Mark Suster , a venture capitalist at GRP Partners (www.grpvc.com).

Interview with Peter Lee, Baroda Ventures

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A few months ago, Peter Lee --a venture local capitalist who has served at firms such as Prism Ventures and Clearstone Ventures Partners--joined a relatively unknown venture firm here in Southern California, Baroda Ventures (www.barodaventures.com). David founded Geocities back in 1994, took it public in 1998, and in 1999 Yahoo bought the firm as a public company.

Interview with Eric Hovanec and Steve Reich, LeisureLink

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I became an angel investor after Overture was acquired by Yahoo. The board asked me to jump in, and I did, working with Ted Alexander and Jim Armstrong, of Mission Ventures and Clearstone Ventures, respectively. Yesterday, Pasadena-based LeisureLink (www.leisurelink.com) announced a $6.2M funding round for the firm's travel booking service. We caught up with Eric Hovanec, the firm's CEO, and Steve Reich, the firm's SVP of Sales, to hear more about the funding.

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

Both Sides of the Table

Rumored to have turned down acquisition offers from Yahoo and Facebook. Incubated by Clearstone Ventures in 2008. I think I’ve now mastered how to make images clickable so in the future you *should* always be able to click on the TWiVC image above and go directly to the video.

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