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Riot Games Commits $10M To Minority Owned Game Studio Investments

socalTECH

Los Angeles-based Riot Games is looking to help patch up rocky race relationships in the United States, saying over the weekend that it will invest $10M in minority-owned game studios, in addition to providing $1M to the Innocence Project and the ACLU (American Civil Liberties Union), via is Social Impact Fund.

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Former Guns N' Roses Drummer Creates Cryptocurrency Startup, Artbit

socalTECH

According to the company, it was founded by Matt Sorum, Pablo Martins, Renan Monjon, Saulo Monjon, and Jean-Philippe Innocent, and it aims to allow unsigned and unrepresented artists--ranging form musicians,magicians, dancers, street artists, and street performers--to get "real compensation" for their work. READ MORE>>.

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Accruent Acquired By Genstar Capital

socalTECH

Accruent was venture backed by Constellation Ventures, FirstMark Capital, GGV Capital, Innocal, Marcus & Millichap, Peninsula Equity Partners, Red Rock Ventures, Sierra Ventures, and Stanford University. Accruent was advised by Lazard in the acquisition.

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Can your employees recruit from a customer or supplier?

Berkonomics

One of your employees is approached by an employee of a customer or of a supplier, stating that “It sure would be great to work in your company.” The rule should be one that includes only one “out”: if a person resigns from the position with the stake-holding company, then you will be happy to talk about a position. The exception.

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5 Steps To Finding The Best Investor For Your Startup

Startup Professionals Musings

Taking on equity investors to fund your company is much like getting married – it is a long-term relationship that has to work at all levels. It’s even better to let the attorney do the negotiating, since many innocent-sounding protective and governance provisions can have long-term negative consequences to you.

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Nexiant Plans Major Upgrade

socalTECH

The company said deployments will begin in early 2012. Nexiant is venture backed by The Argentum Group, InnoCal Venture Capital, Inverness Graham Investments and Mission Ventures. The entire software will deploy on Microsoft's Windows Azure cloud. READ MORE>>.

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The Corrosive Nature of Over-Introducers

Both Sides of the Table

I try to steer entrepreneurs away from over-introducers and I often find myself wanting to be careful about them becoming an investor in companies I back. It starts seemingly innocent enough. A person at a board meeting starts listing all the people they know at companies a, b and c.

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