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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. giftcard gift mobile card payment financial capital venture clearstone openbucksAccording to Openbucks, it has raised $4.8M READ MORE>>.

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.

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. Some summary notes are below.

Geodelic Ships Application With T-Mobile

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in funding from Clearstone Venture Partners and Shasta Ventures. Tags: clearstone capital venture tmobile application mobile geodelic

Rubicon Project Bolsters Executive Ranks

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The company said it has tapped Brian Pike, former CTo of Ticketmaster to the CTO role, Victoria von Szeliski, former Ticketmaster Deputy General Counsel to the General Counsel position, and former Yahoo VP of Product Management John Slade as its SVP of Product Management. READ MORE>>. rubicon project executive internet advertising network

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.

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. We invested in Overture, which was sold for $1.2 more).

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). He made a lot of money from those deals, so in 1999 he set up Baroda Ventures. Thanks!

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 Let's talk about the new round. So we jumped.

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. It’s awesome.