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SaaS Funding Targest Software Companies With New Santa Monica Office

socalTECH

SaaS Funding , a new provider of debt funding to software-as-a-service companies, said it has set up an office in Santa Monica. The company, which provides senior and junior debt capital, says it is targeting Software-as-a-Service (SaaS), digital media and tech enabled service companies who are bootstrapped or backed by angels. The company said it offers up loans from between $250,000 to $3 million and terms ranging from 12 months to 36 months.

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Why Most Online Video Companies Will Fail

Both Sides of the Table

I live in LA and fund startups. “You can’t build a large online video company. You have to build a large online tech company that distributes video.” There’s a reason that Maker pulled away while most online video companies did not.

L.A. Startups Received $369 Million in Seed Funding in 2016

L.A. Business Journal

Seed-stage companies in Los Angeles received a total of $369 million in funding in 2016, according to report from Venice tech accelerator Amplify.LA.

The Honest Company Gets $70M

socalTECH

Los Angeles-based The Honest Company , the online, family products retailer led by serial entrepreneur Brian Lee, and which was co-founded by Jessica Alba, has raised $70M in a funding round, according to the company Tuesday.

What Most People Don’t Understand About How Startup Companies are Valued

Both Sides of the Table

There is much discussion online and also in small, private groups, about why the price of technology companies – public and private – are falling. In 2015 in the US there were $77 billion written into startup tech companies. The Case for Reduced Funding Levels.

CTO Equity and Compensation at Venture Backed Companies

SoCal CTO

Todd Gitlin of Safire Partners was nice enough to compile some data on CTO Equity and Compensation at Venture Backed Companies for the LA CTO Forum and present last year. I'm a little surprised that CTO Founders with growth capital funding only have 15% of their companies.

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ROX Medical Gets $40M Funding

socalTECH

San Clemente-based ROX Medical , a startup developing medical devices to treat hypertension, has raised $40M in a Series E funding, the company said this morning. The funding was led by Novartis Venture Fund and Apple Tree Partners and also included prior investors Versant Ventures and Domain Associates. David McIntyre and Sami Hamade of Apple Tree Partners and Steven Weinstein of Novartis Venture Fund all join the company's Board of Directors with the funding.

What is the Right Burn Rate at a Startup Company?

Both Sides of the Table

But what IS the right amount of burn for a company? Burn rate in case you don’t know is the amount of money a company is either spending (gross) or losing (net) per month. (it Conversely if you’re burning $600,000 per month (yes, some companies do) then you only have 5 months of cash left. I often see companies burning $100,000 per month (net) looking to raise $6-8 million. Ask other portfolio companies how your VC acted when / if they got in a cash pinch.

The Silent Killer – The Company Your Community Never Created

Both Sides of the Table

I was at a dinner recently in Chicago and the table discussion was about building great companies outside of Silicon Valley. It’s not the great companies you build, it’s the silent killer of those that should have been build locally and weren’t. For example, Lookout is a mobile security company that was founded by three talented graduates of USC. But I know with local funding and local support that’s certainly less likely.

Should Startups Announce Their Funding?

Both Sides of the Table

Understanding “The Funding Angle” I sit at enough board meetings to hear conflicting advice given to entrepreneurs about how to handle PR and announcements at startups. Is Funding a Worthy Announcement? But in 2013 it can also simply be, “Company X raises $2.2

Changes in the Venture Capital Funding Environment

Both Sides of the Table

The funding environment for tech startups is an ever shifting ground as we go through predictable shifts that go hand-in-hand with the slowing of the overall market. In other words, it isn’t that VCs suddenly got smart, it’s that the costs of starting a company went down dramatically.

What I Learned In 2015: Lawrence Ng, OnRamp Fund

socalTECH

Today's thoughts are from Lawrence Ng , who founded Oversee.net, and just launched the OnRamp Fund (onrampfund.com). Lawrence Ng: The big news for us was the launch of OnRamp Fund. oversee accelerator incubator reflections capital venture fund onramp lawrence

DFJ, Pasadena Angels lead $1.4M funding in Edufii

Ask the Angels

million Series A funding in Edufii Inc., Other participants in the funding round include the Gideon Hixon Fund, Tech Coast Angels, SLO Seed Ventures and coaching industry private investors including Tiger Woods’ first coach Rudy Duran. Blog Company Creation/Operation Fundraising General News Angel Capital Angel Investing Company Sale Exit Strategies Pasadena Angels Startups Valuation VC DFJ Frontier and Pasadena Angels have led a $1.4

Kareo Gets $15M Debt Funding

socalTECH

Irvine-based Kareo , which provides cloud-based, medical office software, said Friday that it has raised $15M in a mezzanine debt funding round. The funding came from Escalate Capital Partners. The company said the new funding brings its total raised to $47M in 2014. Terms of the new funding were not announced. kareo debt funding medical office software venture capital finance

Maximize Your Exit By Not Selling Your Company

InfoChachkie

However, in many cases, acquiring companies behave less rationally than Mr. Jackson. Citrix politely approached us, told us they had an interest in acquiring our company and then asked us, “How much?”. Our response was that there was no “price” as our company was not for sale.

Netwrix Gets Series A Funding

socalTECH

Irvine-based Netwrix , a developer of hybrid cloud security software, has received a Series A funding round, the company said Tuesday. The funding was led by Updata Partners. Netwrix, led by Michael Fimin, said the funding will go towards product development and growth. Size of the round was not announced. Netwrix develops software that monitors both on-premise and cloud applications for unusual user behavior. READ MORE>>.

Why The Next Generation of Online Video Companies Will be Vertical

Both Sides of the Table

Mitu Network is the largest digital media company for Latinos in the US and also targeting Mexico and South America. And also why today Mitu attracted $27 million in funding from AwesomenessTV (DreamWorks/Hearst), WPP, Verizon and Upfront Ventures.

CrownPeak Gets $50M In Merger With UK Company

socalTECH

Los Angeles-based web content management software developer CrownPeak has raised $50M in a funding round, and merged with UK-based ActiveStandards , according to the two companies. According to the companies, the combined company will be based in Los Angeles, and will also have locations in Denver and London. The company said it will use the funding to re-launch the company and for future product enhancements.

Southern California Companies Raise $2.49 Billion In VC In Q2

socalTECH

Southern California companies raised $2.49 The boost in funding came despite a lower overall deal count, with 89 funding deals in Q2, versus 97 in Q1. The big numbers were directly impacted by several large fundings in Southern California--most notably, a giant, $1.27 billion in venture capital in Q2 of 2016, according to the latest numbers from the MoneyTree Report from PricewaterhouseCoopers, the National Venture Capital Association, and Thomson Reuters.

10 Reasons To Start A Company In An Economic Downturn

InfoChachkie

As Guy Kawasaki pointed out in our recent conversation , “…it is cheaper than ever to start a company. If there was ever a time to start a company, this is it.”. However, a recessionary market also generates a number of Big Dumb Company (BDC) refugees.

Mucker Capital closes on $45 million for an early-stage LA-based fund

TechCrunch LA

Santa Monica-based Mucker Capital has raised $45 million for its third fund, Mucker III. In addition, it will invest in seed and pre-seed stage companies through MuckerLab, a new accelerator program. TC Venture Capital business incubators venture capital Startup company Los Angeles

Core Innovation Capital Backs Mosaic's $220M Funding

socalTECH

Los Angeles-based fintech investor Core Innovation Capital is one of the backers in a big, $220M equity funding for solar power financing provider Mosaic. The company is based in Oakland. Core Innovation Capital is very active nationally in fintech investments, and raised a big fund in 2015. The firm recently saw a quick exit at portfolio company Honest Dollar, which was recently acquired by Goldman Sachs.

Radicle Accelerator Fund Launches to Nurture AgTech Innovation

Xconomy

Radicle, a new accelerator fund focused on agricultural ventures, is launching today with plans to seed and nurture the next generation of agtech companies addressing global farming problems. We expect a deeper and better prepared pipeline of new agtech companies to emerge,” he said.

Calacanis Debuts LAUNCH Fund I To Back 100 Companies

socalTECH

Jason Calacanis , the serial entrepreneur, angel investor, and conference organizer, announced Tuesday morning that it has closed his first, formal angel investing fund, The LAUNCH Fund I. Calacanis said the fund will invest $100-$250K in 50-100 startups. LPs in the fund include Calacanis, David Sacks, and others. Calacanis also said he''ll be syndicating deals on AngelLIst, letting investors put their own money into deals he is making with the fund.

What To Do When Your Competitor Gets Funded?

Both Sides of the Table

We will have two well-funded companies educating the market on why this market opportunity for the $24 billion US storage market is ripe for disruption. When we funded Sam , Rahul and team at MakeSpace > 2.5 market share today and are stuck with high real-estate costs, shitty customer service, bad value propositions and no ability to respond to competition because they have effectively become real-estate holding companies that store stuff for cashflow.

Avalon Leads $18M in Early Funding for Cancer Immunotherapy Startup

Xconomy

[ Note: The headline has been corrected to better describe the company’s type of funding. Fortis Therapeutics, a new San Diego biotech, has raised $18 million in initial funding to develop drugs for hard-to-treat prostate and bone marrow cancers.

How to Develop Your Fund Raising Strategy

Both Sides of the Table

I’ve raised money as a “hot company” and I’ve raised capital when no one would return my phone calls. I raised money as an entrepreneur, like you, in 1999, 2000, 2001, 2003 and 2005 for two different companies. Fund raising is bloody hard.

University of California Plans $250M Venture Capital Fund

socalTECH

Startups related to the many University of California campuses in Southern California may soon have a new source of funding: The University of California itself, via a new, $250M venture capital. fund investment capital venture ucsb ucla investor regent ucsd kitepharma finance

Three LA Companies Pursuing Gawker Media

socalTECH

Three, Los Angeles area media companies-- Univision , Ziff Davis (a unit of J2 Global) and Penske Media --have all been named as possible bidders on bankrupt, Silicon Valley publication Gawker Media , according to reports today, which say Ziff Davis has submitted a $90M bid for the company. Gawker--which was sent into bankruptcy by an invasion-of-privacy lawsuit by Hulk Hogan, which was funded by Silicon Valley billionaire Peter Thiel--started taking bankruptcy bids this morning.

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The Full Dataset on What VCs are Thinking About Funding in 2016

Both Sides of the Table

We use this try to draw some context that informs our funding decisions. Of course we fund companies in good markets and bad. In venture our goal is to fund companies over a 10-year+ time horizon, which is the time it takes to build truly transformational companies.

Pasadena Angels Form $1.3M Investment Fund

Ask the Angels

Pasadena, California (June 1, 2016) – The Pasadena Angels (PA) today announced the formation of their first investment fund at $1.3 million, PA Fund 1 (The Fund). The Fund will specialize in seed and early stage investments and will co-invest exclusively in deals that are subscribed by Pasadena Angels members. The Fund will give PA members the opportunity to invest as a group and increase their portfolio diversification.

Invested.in Turns Attention Towards Funding Companies

socalTECH

Los Angeles-based Invested.in , the online crowdfunding service headed by Alon Goren, is shifting its focus towards helping companies raise money from accredited investors. The move to launch BoostFunder looks to be the company's first tiptoe into crowdfunding of businesses; its prior efforts had been more focused toward traditional, crowdfunded small projects. boostfunder investedin crowdfunding crowd funding financial angel

The Bouqs Company Finds $12M For Flower Delivery

socalTECH

Venice, California-based The Bouqs Company , the direct, cut-to-order flower delivery provider led by John Tabis, is announcing today that it has raised $12M in a Series B funding. The funding brings the company's total raised to $20M. The Bouqs said the funding came from Quest Venture Partners, Azure Capital Partners and KEC Ventures, along with Enspire Capital and Draper Associates.

Appetize Raises $20M In Funding, Ramps Hiring

socalTECH

Los Angeles-based point-of-sale technology developer Appetize said Tuesday that it has raised $20M in a new funding round, led by private equity investor Shamrock Capital Advisors. As part of the funding, the company said that Shamrock's Andy Howard and Alan Resnikoff have joined the company's board of directors, with Oak View's Leiweke joining as an observor.

SoCalGas Creates $1M Fund For Clean Technology Startups

socalTECH

In a move which adds some additional capital to the Los Angeles clean technology market, utility company Southern California Gas Company said Thursday that it has created a new, $1M innovation fund to help companies develop clean technology.

Codesmith Raised $1.1 Million Funding Round Lead by Test Prep CEO

Tech.Co

million funding round led by Chad Troutwine, the CEO of Veritas Prep. round of investment to bring their unique coding education focused on technical excellence, communication and community to new students in Los Angeles,” read the funding announcement. As the largest privately owned test prep company in the world, Veritas Prep is already teaching thousands of students per year by offering live online test prep to more students than any other program in the US.

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Clinton and Trump Platform Analysis: Which Is Best for Education Companies?

Xconomy

Among the many initiatives in Clinton’s education platform is proposed federal funding to provide computer science lessons to every public school student in the country—something Clinton says the majority of U.S. If that policy goes forward, edtech companies might be enlisted to help those schools accommodate a flood of new student demand. With election day less than a week away, voters are trying to imagine what turns the country might take under each of the presidential hopefuls.

The Newest Source Of Startup Funding – The Sharing Economy

InfoChachkie

I am in the early stages of launching my company, so there are often times when I have to wait on vendors, suppliers and other third parties before I can make additional progress on my clothing line. Tracy DiNunzio, the company''s Founder and CEO, was an early adopter of the sharing economy.

Unitas Global Gets Funding For Private Cloud Efforts

socalTECH

Los Angeles-based Unitas Global , a new, cloud services company founded by infrastructure veteran Grant Kirkwood, said today that it has raised a new funding round, from MK Capital and Azure Capital. Size of the funding round was not announced. The company said the new funding will help it grow its sales force and expand customer service capabilities. enterprise infrastructure capital venture funding cloud private global unitas

What I Hate About Selling Companies

Both Sides of the Table

Teams that I’ve backed have sold their companies to Disney, Apple and AOL for substantive amounts of money. Founders have done very well, our fund has done well. But the truth is that selling a company doesn’t always feel like a celebration as a VC. The more I’ve internalized things I’ve come to see selling a company like graduating high school or college. Still: I hate selling companies. By all measures the past year has been successful.