NantWorks Invests In Daybreak Game Company

socalTECH

Los Angeles-based NantWorks , the investment arm of billionaire Dr. Patrick Soon Shiong, said on Thursday afternoon that it has made a strategic investment in San Diego-based multiplayer online games developer Daybreak Game Company. Size of the investment was not announced. As part of that investment, NantWorks said it has created a new joint venture called NantG Mobile , which will develop and publish mobile version of Daybreak's current games.

The Honest Company Gets $200M Growth Investment

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Los Angeles-based The Honest Company , the online natural baby, personal care, and beauty products provider, said Wednesday that it has raised $200M in a strategic minority investment, which came from private equity investor L Catterton. According to The Honest Company, the new funding will go towards its growth strategy, and will go both towards "innovation initiatives" as well as operational capabilities to boost its supply chain and global reach.

Take only “smart money” investments

Berkonomics

Often, that money is worth more than the cash invested, because the investors who often become members of the board, bring a wealth of experience, insight, relationships and deeper pockets to the table. Close. This statement could be considered controversial.

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Why Has Seed Investing Declined? And What Does this Mean for the Future?

Both Sides of the Table

Seed investments are down by any measure (funds, deals, dollars) over the past 3 years in deals < $1 million AND in deals between $1–5 million. thus the rise of “pre seed” investing). It’s very noticeable in terms of funds raised, dollars invested and deals completed.

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Bonfire Ventures closes $60 million to invest in SoCal B2B startups

TechCrunch LA

Los Angeles is becoming one of the more interesting destinations for startups and the investors that provide money for venture capital firms to place bets on young companies are increasingly starting to take notice.

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Backing Culture Genesis, T.I. launches TechCypha, an investment syndicate for tech deals

TechCrunch LA

With an inaugural investment into the Los Angeles-based entertainment startup Culture Genesis , Clifford Harris Jr., ”, has launched a new syndicated investment vehicle called Tech Cypha. Launched by the music and cultural impresario with more hustle than hustle and his business partner Jason Geder, the new collaborative investment strategy focused on tech startups will allow high net worth individuals to participate in deals.

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With the Los Angeles tech scene exploding, CrossCut Ventures raises $125 million to invest

TechCrunch LA

CrossCut Ventures, a Los Angeles-based seed investment firm has just closed its fourth (and largest) fund with $125 million in new cash. It’s been a long road for the firm’s three co-founders, who have been investing in Los Angeles since 1997.

Massage-on-demand company, Soothe, raises $31 million

TechCrunch LA

The Series C round from late stage and growth capital investment firm, The Riverside Company , caps a busy first quarter for the massage service. The former CFO of MarketShare, Heyrick has helped the company expand to over 11,000 massage therapists in its network.

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Bonfire Ventures closes $60 million to invest in SoCal B2B startups

TechCrunch LA

Los Angeles is becoming one of the more interesting destinations for startups and the investors that provide money for venture capital firms to place bets on young companies are increasingly starting to take notice.

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SoCalGas Invests In Company

socalTECH

the subsidiary of Sempra Energy which provides natural gas to the Southern California market, said today that it has invested in. Size of the investment were not disclosed. The investment will go to bring Tecogen's technology to market. tecogen venture capital investment energy cleantech clean natural socalgas cogenerationSouthern California Gas Co. ,

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Calibrate Ventures Raises $80M Investment Fund

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According to the newly created venture capital firm, it will focus on early revenue startups, focused on companies across both the consumer and enterprise sectors. The firm said it is targeting initial investment of $5 million in companies generating revenue between $1 million and $5 million, and already has made investments in five companies, including Alpha, Broadly, Built Robotics, Embodied, and Soft Robotics.

The Honest Company Gets $70M

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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. The funding brings the company''s total raised to $122M.

Cornerstone OnDemand Invests In Four Companies

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Santa Monica-based ,a href="[link] OnDemand , the developer of cloud-based, talent management software, said this morning that it has made investments in four companies, from the Cornerstone Innovation Fund. Cornerstone OnDemand said the investments are first out of its new, strategic venture arm, which will invest in the next generation of cloud startups. Size of the investments in each company were not announced.

Several more real costs of taking outsider investments.

Berkonomics

Once a company founder has tapped the funds available from his or her resources and from friends and family, if the company needs more cash for growth, the most obvious next step is to look for money from angel investors and venture capitalists, typically in the $300,000 TO $3,000,000 range.

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Casa Verde Capital Raises $45M Investment Fund

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West Hollywood-based Casa Verde Capital said this week that it has raised $45M in its debut, investment fund, which will specifically invest in the "ancillary cannabis" industry. The venture capital firm--whose founders include Calvin Broadus (aka Snoop Dogg)--said it will specifically invest in agtech, health & wellness, financial services, technology, media, compliance and laboratory technology related to the legal cannabis industry.

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What’s a company board good for, anyway?

Berkonomics

And good board members can add real value to you and the company. Importantly, these also help a board to cover the legal “duty of care” for the health of the company. The punch line: Investing in the creation of a governance board is not enough. A better company is the goal.

UST Global Buys Four Companies, Makes Investments

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Aliso VIejo-based UST Global , a provider of IT services and outsourcing, said today that it has acquired four different companies over the past six months expanding its workforce in the US, ASia, India, Europe, and Latin America. The company tsaid the acquisitions included Atlanta-based global software services company Xpanxion, and Milwaukee-based engineering solutions company Kanchi Technologies.

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Why Did I Invest in the Company Pose?

Both Sides of the Table

What I’d like to do is tell you the story of how the investment came to be, what my thesis is / was and share some thoughts on macro trends. I always try hard to make this blog a place where you can learn lessons rather than an advertisement for portfolio companies.

Where is the best source of early stage investment?

Berkonomics

If you have been following our recent insights, you’ll be up to speed knowing that professional investors negotiate tough terms, from provisions of control over asset acquisition, eventual sale of the company, future investments, forced co-sale when others attempt to sell their shares and more.

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How I Invest

Both Sides of the Table

I was speaking recently to the team at NuOrder , an LA-based company we’re an investor in about “realism in startups” — an impromptu talk I have given to any of our portfolio companies who ask. During the Q&A I was asked about how I make investment decisions in early-stage businesses. I know that sounds trite but it’s the best way I can describe my early-stage investments. If I don’t do both then it’s highly unlikely I will invest.

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Kevin O'Connor, ScOp Venture Capital, On Startup Success and Investments

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This morning's interview is with Kevin O'Connor , a longtime investor and serial entrepreneur, who is now running venture capital investment firm ScOp Venture Capital. Kevin sold his last company, Santa Barbara-based Graphiq, in July of 2017 to Amazon, but has a long history of successful companies, including founding DoubleClick. Just this past September was a year with Amazon, when I left, and we started investing in September under the new name, ScOp Venture Capital.

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Will your company’s sale be celebration or silence?

Berkonomics

There’s almost always a closing party where the board, prime investors, attorneys and investment bankers all get together to celebrate the victory. First, there are at least three types of exits.

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Techstars and Starburst Aerospace are launching a space industry accelerator in Los Angeles

TechCrunch LA

Air Force, Lockheed Martin, Maxar Technologies, SAIC and the Israel Aerospace Industries company, Techstars and Starburst Aerospace are launching an accelerator focused on the space industry in Los Angeles. With the help of NASA’s Jet Propulsion Lab, the U.S.

Vicente Capital Invests In Wireless Software Company

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Los Angeles-based private equity investor Vicente Capital Partners announced MOnday that it has invested in iBwave Solutions , a Canadian company providing in-building wireless design software. Financial details of the investment were not announced. The company''s software and associated services are used in the in-building wireless network design market.

MabVax Raises $1.3M, Hires Investment Banker To Sell Company

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in a Series J Convertible Preferred Stock financing, and has engaged an investment banking firm to "explore strategic alternatives" for the company. The publicly held company, which trades on the Nasdaq at MBVX, said the new funding will go toward working capital and general corporate purposes. San Diego-based MabVax Therapeutics , a biotechnology developer developing antibody-based treatments for cancer, said on Tuesday that it has raised $1.3M

CareFusion Invests $100M In Israeli Company

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San Diego-based medical device maker CareFusion said this morning that it has invested $100M in an Israeli medical device company, Caesarea Medical Electronics (CME). CareFusion said the investment will give it a 40 percent, minority stake in the Israeli maker of infusion and syringe pumps. CareFusion said that, as part of the investment agreement, it has the right to make additional investments in Caesarea--including becoming the majority owner of CME.

Everything you do adds or reduces company value

Berkonomics

Minor decisions, such as replacing employees who have left the company or replacing equipment needing updating, are usually considered operational in nature, and unless the business is changing direction, not relevant to this test.

Trace3 Gets Strategic Investment

socalTECH

Irvine-based Trace3 , an IT solutions provider which focuses on medium- and large- enterprise clients, has scored a strategic investment from H.I.G Size of the investment round was not announced. Trace3 founder Hayes Drumright will continue to serve on the company's board, according to H.I.G. Capital, and will remain a "significant" shareholder in the company. trace3 strategic investment venture capital consulting

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Acorns Gets Investment From TPG

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Irvine-based micro-investing app developer Acorns said this morning that it has received an investment from private equity investor TPG, via TPG's The Rise Fund, which is focused on companies in the social and environmental area. According to Acorns, the investment by TPG's Rise Fund is the first in a fintech company. Size of the investment was not announced by the company.

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Qualcomm Sets Up New, $100M AI Investment Fund

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San Diego-based Qualcomm announced on Wednesday that it has launched a brand new, venture capital investment fund, which will focus only an artificial intelligence. The first investment out of the fund is in AnyVision , a startup working on face, body, and object recognition. learning machine finance investment capital venture intelligence artificial qualcomm

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Soon-Shiong’s NantWorks Invests in Daybreak Games

L.A. Business Journal

Wilshire-based NantWorks, a diversified holding company run by Patrick Soon-Shiong, announced Sept. 6 it invested an undisclosed sum into Daybreak Game Co., creating through the investment a joint venture titled NantG Mobile

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I Just Invested in @Burstly, a Mobile Ad Management Company

Both Sides of the Table

I’m very pleased today to announce that I invested, on behalf of GRP Partners, in Burstly alongside Rincon Venture Partners , an early stage VC in Southern California whith whom we love to work (and were our co-investors on RingRevenue ). Burstly, a Santa Monica based company, provides an open and free ad management platform that helps mobile application developers better monetize their inventory.

Invest in Lines, not Dots

Both Sides of the Table

In normal times investors will look for “traction&# before investing. I spoke about this more in depth in these two posts: 4 things I look for in an investment & how to manage VC relationships. I didn’t invest in Orgoo but by the time he launched Ad.ly

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Acorns Adds $105M For Micro Investing Apps, Now Valued At $860M

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Irvine-based Acorns , which offers up a micro-investment and savings app, has raised $105M in a Series E funding, which values the company at $860M, the company said this week. Acorns' mobile apps include one which rounds up the purchases users make, and invests them in an index fund run by Acorns. savings financial finance fintech investing micro capital venture acorns

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Moonshots Capital Ramps Investment Pace With Lead On Two Investments

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Los Angeles- and Austin-based Moonshots Capital , the venture capital fund led by serial entrepreneur Kelly Perdew, is ramping its investment pace, with the first two formal investments out of its new fund. The two investments, both announced in January, were cyber-defense firm Threatcare , and bot detection developer New Knowledge. Moonshots also led the investment in New Knowledge. moonshots capital kelly perdew cybersecurity security venture investment

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