Interview with Fouad ElNaggar, Redpoint Ventures

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Redpoint Ventures is one of the venture capital firms which has straddled both Northern California and Southern California, with offices in both locations. It would be interesting to hear about where your interests are nowdays, there was a rumor Redpoint had backed off activity here lately.

Redpoint Ventures Closes $400M Fund

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Venture capital fund Redpoint Ventures , which has an outpost in Los Angeles, has some new cash in the bank, after announcing $400M in a new fund today, Redpoint V. The firm--which has investments in such local companies as Gravity, Chill, Sonos, and Machinima--said the new fund will go towards early stage investing. The new fund follows Redpoint IV, which also was a $400M fund, which was raised three years ago. funding investment capital venture redpoint

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Can The Next Big Tech Company Be Built In LA?

Tech Zulu Event

During Twiistup 8 a panel moderated by Jason Nazar (DocStoc) and joined by panelist David Travers (Rustic Canyon), Brian Norgard (Namesake), Fouad ElNaggar (Redpoint) and Demian Sellfors (Media Temple), spoke about if the next big tech company could be built in Los Angeles?

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

Jason Nazar

I recently hosted a panel at the Twiistup Conference about LA tech companies. I have some pretty specific thoughts on the differences between companies in the two cities, as I wrote about in my previous post A Tale of Two Tech Cities.

Former LA VC Gets Backing For Enterprise Alerting, Micro Apps Startup

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Fouad ElNaggar , a former venture capitalist who had been responsible for the Los Angeles office of Redpoint Ventures, has scored funding for a new startup, Sapho. ElNaggar was in Redpoint's LA offices from 2005 until 2011, and had stints on the boards of Machinima and Hark, among other companies. redpoint elnaggar fouad capital venture employees software alerts enterprise sapho

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Machinima Gets $24M, But Chops Staff

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along with Redpoint Ventures, MK Capital, Coffin Capital and Allen DeBevoise. However, the company also made some big cuts in its staff on Friday, following the funding round. The company has now raised nearly $100M in funding over its lifetime. Los Angeles-based YouTube network Machinima revealed last week that it has raised $24M in a funding round from Warner Bros.,

True(X) Media Finds $6M

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The online advertising technology provider said the funding came from prior backers Jafco Ventures, Pinnacle Ventures, Norwest Venture Partners and Redpoint Ventures. The name change for SocialVibe is at least the fourth rebranding/renaming/refocusing of the company since inception, having swapped its name from Archetype Media to SocialVibe, then switching to become SVNetwork, then back to SocialVibe again in 2011. The company has now raised over $50.85M in funding since 2008.

BetterWorks Shutting Down On May 31st

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According to an email from Craig, the company decided to close down the BettterWorks perk platform, and will not longer be active after next Thursday. BetterWorks--and Paige Craig--have been one of the companies driving the growth in Santa Monica's Silicon Beach. BetterWorks had raised $10M in funding from Redpoint Ventures.

HTML5 Games Company Goko Launches and Raises $8M in Series A Funding

Tech Zulu Event

Goko, a new HTML5 games company based in Redwood City California is set to help game developers easily distribute and monetize social games. Goko is backed by Redpoint Ventures and Aslop Louie Partners from whom it raised raised $8m in Series A funding.

2U Raises $120M In IPO

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2U , an online education company which has significant operations in Los Angeles, has had a successful IPO on the NASDAQ Global Market, debuting Friday morning as TWOU. The company--which runs online degree programs for the University of Southern California (USC) and many other schools--had been backed by Redpoint Ventures, which funded the company out of its Los Angeles office. Those investments were led by former Redpoint VC Greg Martin.

USC 2

Machinima Raises $3.4M

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Source of the new funds have not yet been announced by the company. Machinma is venture backed by Redpoint Ventures, MK Capital, and others. Los Angeles-based Machinima , which operates a video entertainment network for video gamers and develops associated animated content tools, has raised $3.4M as part of an ongoing, $5.0M fundraising round, according to a regulatory filing from the firm. READ MORE>>. machinima venture capital videogame video game fundraising fund

BetterWorks Gets $8M

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According to the firm, the round was led by Redpoint Ventures, and will go towards hiring, expansion, and continued development of its platform. The round brings the company's total raised to $10M. As part of the funding, Redpoint's Satish Dharmaraj joins the company's board of directors. Los Angeles-based BetterWorks , the employee benefits platform provider headed by Paige Craig, announced today that it has raised $8M in a Series A funding round.

Southern California Startups Raise $761.12M in Q2 2014

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True Ventures and Redpoint Ventures both had 3 investments each. billion invested in companies across the nation, which PwC and the NVCA said was the highest level since Q4 of 2000. The latest venture capital totals from the PricewaterhouseCoopers/National Venture Capital Association''s MoneyTree Report was released this evening, tallying up $761.12M in investments in Q2 of 2014 in Southern California, up from Q2 of 2013, when $616.83M was invested in the region.

Los Angeles Startup Community

SoCal CTO

LA Tech Survival Guide A Tale of Two Tech Cities – Silicon Valley vs. Los Angeles Guide to the LA Startup Community Why You Should Start a Company in. Los Angeles LA Tech 101: The Company We Keep A Few Key People Really Can Make a Huge Difference The Challenges (& Opportunities) of Starting a Tech Company in LA Los Angeles Startup Networking Here are some guides to many of the different networking events around startups, technology, etc.:

The Coming Shift in Enterprise Software

Both Sides of the Table

In all my time investing I have never seen such a senior revenue officer join a company at this stage. To watch a young company win 1,000+ seat deals at Global 100 companies at this stage of development has been simply stunning.

Topspin Ties With MTV On Artists.MTV

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The companies said that Artists.MTV will be open to all levels of musicians, and will give musicians access to MTV, VH1, and CMT's audience of 600 plus million TV viewers and 60 million online viewers. Topspin, which is led by Ian Rogers, the former GM of Yahoo Music, is venture backed by Redpoint Ventures and The Foundry Group. Los Angeles-based Topspin and MTV said Thursday at SXSW that the two are in a new partnership, on a new initiative called Artists.MTV.

Interview with David Aronchick, Hark

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Last week, we talked with Fouad ElNaggar of Redpoint Ventures about some of the interesting companies in Southern California. Hark is backed by Redpoint, and happens to be co-founded by Fouad. How is the company funded and backed? Was Fouad with Redpoint at the time?

Report: WebVisible Shuts Down

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The company has not yet confirmed the shutdown, however, founder and CEO Kristen Mangers had left the firm in January in 2011. WebVisible had raised over $37M in venture capital, from such investors as Adams Street Partners, Redpoint Ventures, and Sutter Hill Ventures. Irvine-based online advertising firm WebVisible has shut down, according to a report Wednesday. Former WebVisible employees had been telling socalTECH over the last few months that the firm was looking for a buyer.

Impact Radius Scores $6M

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The round was led by Redpoint Ventures. As part of the funding, Redpoint's Greg Martin joins the company's board of directors. Tags: impact radius venture capital startup advertising performance executive redpoint Santa Barbara-based Impact Radius , a developer of multi-channel, performance advertising technology, announced today that it has raised $6M in a venture funding round.

Topspin Adds Discounts For Multiple Accounts

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Topspin said its new discounted accounts make it easier for labels, marketers, and other companies to get their clients on board its platform. Topspin is headed by former Yahoo Music GM Ian Rogers, and backed by Foundry Group and Redpoint Ventures.

Sonos: Our Time Is Now

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In an email to the company''s supporters and fans, Sonos , the developer of the easy-to-use, wireless whole home music systems, said that the company is looking to bring its vision--to fill every home with music and make listening a valued experience again--to the world via its Super Bowl ad , which debuted Sunday during the big game. The company raised $135M from Kohlberg Kravis Roberts, Redpoint Ventures and Elevation Partners back in 2012.

Chill Adds Private Chat, Social Game Features

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According to the company, it has launched new, private chat features, rich "hovercard" information on other users, and new social game features on the service.

Chill Gets $1.5M

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The site--which was originally a project of Namesake--gained funding from Kleiner Perkins Caufield & Byers, Redpoint Ventures, Atlas Venture, Paul Kedrosky, and Michael Arrington of TechCrunch. The funding was reported first by TechCrunch, due to Michael Arrington's investment involvement in the company. Los Angeles-based Chill , the online video discussion website headed by Brian Norgard, has raised $1.5M in angel funding, according to the firm's angel investment backers.

Los Angeles Startup Community

SoCal CTO

LA Tech Survival Guide A Tale of Two Tech Cities – Silicon Valley vs. Los Angeles Guide to the LA Startup Community Why You Should Start a Company in. Los Angeles LA Tech 101: The Company We Keep A Few Key People Really Can Make a Huge Difference The Challenges (& Opportunities) of Starting a Tech Company in LA Los Angeles Startup Networking Here are some guides to many of the different networking events around startups, technology, etc.:

Angel 45

Machinima, Lionsgate Renew Deal

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The companies said the first season of the series had 14 million views. The company is venture backed by MK Capital and Redpoint Ventures. Machinima , the online video entertainment firm focused on gamers, and studio Lionsgate , said today the two have renewed a deal around Machinima's zombie comedy series "Bite Me."

SocialVibe Names Tappin As New CEO

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Tappin was previously COO and CFO at the company. SocialVibe is venture backed by Norwest Venture Partners, Redpoint Ventures, Jafco Ventures and Pinnacle Ventures. Los Angeles-based SocialVibe , which provides online, social advertising to brands, said today that it has named Todd Tapping as its Chief Executive Officer.

SocialVibe Gets $20M More

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The funding was led by Norwest Venture Partners, and also included Redpoint Ventures, Jafco Ventures, and Pinacle Ventures. Jeff Crowe of Norwest Venture Partners joins the company's board as part of the funding. The company said the new funding will go towards growth efforts. Those offers are made through such companies as Pandora, Causes, Huffington Post and Zynga.

Mission Ventures' Lee Departs For Stealth Startup

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Lee was involved in Mission's investments in SodaHead, Access 360 Media, and Active Storage, among other companies. Lee has previously served in associate and intern roles at Riordan, Lewis & Hayden and Redpoint Ventures, and prior to that was at Cisco Systems.

Los Angeles Venture Investors Get Their Mojo Back

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Now, it looks like that day has finally come, as the thaw has come to locally backed companies, with a rash of exits--many of them backed by local investors. For several years, the phrase "Los Angeles Venture Capitalist" had almost become an oxymoron.

Report: Uber Eyes Luxe's Technical Team

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The WSJ said the "acqhire" is focused on part of Luxe's engineering team, rather than the whole company. Luxe is venture backed by Redpoint Ventures, Google Ventures, Sherpa Ventures, Lightspeed Venture Partners, Upfront Ventures, Foundation Capital, BoxGroup, Slow Ventures, Data Collective, Eniac Ventures, Rothenberg Ventures, as well as others.

Study: $48 Billion In Value Created Over 15 Years In SoCal IT VC-Backed Firms

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A new study of the financial outcomes for Southern California venture-backed companies in the IT sector finds that approximately $48 billion in value has been created by those companies over the period 1995-2009. The study, conducted by Jon Funk of OceanRoad Partners , includes data from socalTECH.com's proprietary venture database , Dow Jones/VentureSource, and Greg Martin of Redpoint Ventures.

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Looking At LA's Technology Future with Derek Norton

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Derek Norton is head of Los Angeles-based Watertower Group (www.watertowergroup.com), a firm which helps companies raise funding, one of the rare companies which has a track record and good reputation helping companies with fundraising, and also runs its own investment fund.

2tor Gets $10M Line Of Credit

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2tor--which maintains an office in Los Angeles near USC--is venture backed by The Hillman Company, SVB Capital, WestRiver Capital, Bessemer Venture Partners, Highland Capital, Redpoint Ventures, Novak Biddle Venture Partners and City Light Capital. 2tor , the provider of online, graduate program and courses which has strong links to the University of Southern California , has scored a $10M revolving line of credit, the firm said today.