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Demand Media Prices IPO, Begins Trading Today

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Santa Monica-based Demand Media said late Tuesday evening that it has priced its IPO, as well as increased its IPO offering size, and will sell 8,900,000 shares of its common stock at $17.00 UBS Securities LLC, Allen & Company LLC, Jefferies & Company, Inc., Demand Media had initially filed for its IPO in August.

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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

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The report--compiled by Ocean Road Partners--included both venture-backed and self-financed information technology companies. During 2011, the analysis identified 73 exits by companies, with an average value of approximately $106M. A new report released today tallies up $7.7

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Want to Start a Technology Company in LA?

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And we’re left with a city with idyllic weather, major commerce, the media center of the world, and a great emerging technology scene. We have many seasoned entrepreneurs who have built successful companies here and made a lot of money for investors and themselves. But we have a great city for building technology companies.

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Southern California Linked IPOs Grow

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Gevo is just the latest in a surge of companies hitting the public markets which have Southern California links. In fact, a recent study released by Ernst & Young found that there were eight companies in Southern California, out of 22 total in California, who were lined up for an IPO in Q4.

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This Week in VC with Jim Armstrong of Clearstone

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Clearstone currently invests out of a $200 million fund based in LA with offices in Menlo Park and in India. Segment One: Jim’s background and Clearstone’s investment strategy. And I made the prediction that within the next 2 years RIM (the parent company of Blackberry) will not be independent.

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Can You Really Build a Great Tech Firm Outside Silicon Valley?

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We were talking about a company, Factual (disclosure my firm is an investor), which was founded by one of LA’s most talented Internet entrepreneurs, Gil Elbaz , who as co-founder of Applied Semantics (purchased by pre-IPO Google for $102 million and now Google AdSense) is responsible for a large portion of the Internet’s monetization.

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Twiistup 6 Highlights

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We are a city unique in merging the world’s best content with digital media and technology expertise. In SoCal we are also leaders in affiliate marketing (Commission Junction), Internet video (Hulu) and bringing local businesses online (ReachLocal). Much of this was highlighted at Twiistup.

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