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Science Inc. To Buy Social Bookmarking Site Delicious

socalTECH

Santa Monica-based Science, Inc. , the startup studio and incubator run by former MySpace CEO Michael Jones, has acquired longtime social bookmarking site Delicious , the company disclosed this morning. Financial terms of the buy were not disclosed. READ MORE>>.

Sites 150
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Centerfield Buys Business.com and Savings.com

socalTECH

Los Angeles-based Centerfield, a marketing and customer acquisition company backed by private equity investor Platinum Equity, says it has acquired both Business.com and Savings.com. Business.com, as well as its companion sites, Business News Daily and BuyerZone help connect professionals with business servies. for the domain name.

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Fundable Takes On Crowdfunding For Startups

socalTECH

Santa Monica- and Columbus, Ohio-based Fundable said that it is looking to provide a crowdfunding platform for "serious startups". The site allow early stage startups to gain capital from anyone, using the new JOBS Act to raise money from anyone interested in a startup, and not just professional investors and banks.

Startup 224
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Accelerators & Incubators: An Entrepreneur’s Point of View

Tech Zulu Event

Thinking about applying to or ever wondered what its like taking part of an accelerator or incubation program? 10th from 7pm to 9pm at the Santa Monica Civic Auditorium (SMCA). 10th from 7pm to 9pm at the Santa Monica Civic Auditorium (SMCA). Rafi Gordon , Co-founder at StyleSpot (an Idealab funded company).

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SharesPost CEO Takes On WSJ Article

socalTECH

SharesPost , the secondary marketplace for venture backed, privately owned shares of such companies as Twitter and Facebook, is taking on the Wall Street Journal for an article published last week. SharesPost said the article left readers "largely misinformed and our company unfairly maligned."

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Secondary Exchange SecondMarket Cuts 10 Percent Due To Facebook Halt

socalTECH

SecondMarket--along with competitor SharePost , the secondary stock trading exchange started by Greg Brogger and Scott Painter started out of Santa Monica-based incubator Brighthouse--had relied in a large extent on an unusually large volume of offerings of Facebook's stock, with Facebook by far dominating the active trading on the sites.

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TYLT Labs' New Seed Fund And The Promise Of Silicon Beach

socalTECH

Among those funds is TYLT Lab (www.tyltlab.com), which recently announced a new, $20M early stage investment fund specifically focused on companies here. We''re making investments, and are based in Santa Monica, and although we have a small team, we''re looking forward to becoming part of the local scene here in Silicon Beach.