Mission Ventures' Lee Departs For Stealth Startup


Jeff Lee , a senior associate at San Diego- and Los Angeles-based Mission Ventures , has quietly left the firm to head up a newly founded, stealth startup, according to Lee's LinkedIn profiles and bounced emails to his Mission Ventures address. Lee was helping to provide Mission Ventures with coverage of the Los Angeles area. Lee was involved in Mission's investments in SodaHead, Access 360 Media, and Active Storage, among other companies.

Dave Ryan of Mission Ventures On Exits


Last month, San Diego-based venture capital firm Mission Ventures (www.missionventures.com) sold its portfolio firm, Carlsbad-based 3E , just the latest in a string of exits for the firm, which also included an IPO in Maxlinear earlier in the year.

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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.

Swagbucks Buys Sodahead


Los Angeles-based prodege , the parent company of Swagbucks , said this morning that it has acquired Sodahead , the online polling and discussion platform founded by Jason Feffer. Prodege is venture backed by Technology Crossover Ventures. Sodahead was venture backed by Mission Ventures, Mohr Davidow Ventures, and the Tech Coast Angels.

Ortiva Wireless Adds $2.0M


The firm--which is backed by Artiman Ventures, Mission Ventures, and Comcast Interactive Capital, among others--indicated it had raised $2.0M No details on the new funding have been announced by the company. ortiva wireless venture capital debt fundingLa Jolla-based Ortiva Wireless has added another $2.0M in what looks like an inside, convertible debt round, according to a regulatory filing by the firm this week.

FastPoint Games Shuts Down


Fastpoint had been venture backed by Mission Ventures and DFJ Dragon Fund, Allen & Co. The company was originally known as Rotohog. Los Angeles-bsaed Fastpoint Games , the online fantasy game development shop headed by Kelly Perdew, has shut down, according to a notice on the firm's site. According to the site, the firm is "winding down" all of its Fastpoint Games branded fantasy sports games over the next 45 days.

SodaHead Upgrades Polling Software For WordPress


Los Angeles-based SodaHead , the developer of online polling services and software, has just launched a major upgrade to the company''s polling software for WordPress. The company is backed by Mohr Davidow, Mission Ventures, The Tech Coast Angels, Ron Conway, and others.

Enevate Finds $30M For Battery Technology


The funding came from Infinite Potential Technologies, Tsing Capital and Mission Ventures along with Presidio Ventures. Enevate, led by Brian Wong, is developing Li-iion batteries which the company says have "significantly higher" energy density than existing batteries. The company said the funding will go towards further developing its technology and products, and taking those products into high volume, mass production.

Plug and Play San Diego Finds Home in New Downtown Works Space


The program provided each company with $25,000 in financing, and a spot for three months in the startup camp program at the Plug and Play Tech Center in Sunnyvale.

Los Angeles Startup Community


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.:

LeisureLink Makes Trio of Hires


Pasadena-based LeisureLink , the venture-backed provider of a vacation rental marketing system and operator of online booking travel site ABetterStay.com , has made a trio of new hires this week. The company said it has named Tom Lamb as President of the firm, Alex Hansen as CFO, and Adam Michaelson as Chief Marketing Officer. LeisureLink is venture backed by Clearstone Venture Partners and Mission Ventures.

Ortiva Wireless Acquired By Allot Communications


The company said that the acquisition will be accretive on a quarterly basis by the end of 2012, contributing between $3.0 Ortiva Wireless was venture backed by Artiman Ventures, Mission Ventures, and Comcast Interactive Capital, and others, and had raised somewhere north of $40M for its efforts. La Jolla-based Ortiva Wireless , a developer of wireless video optimization and streaming hardware and software, has been acquired by Allot Communications Ltd. ,

Transaction Wireless Acquired By First Data


San Diego-based Transaction Wireless , the digital gift card startup backed by Mission Ventures and Okapi Ventures, has been acquired by First Data , First Data said this week. One of the company's investors said the acquisition represented a "very nice outcome" for the founders, employees, and investors.

Active Storage Raises $7.0M More


Source of the new funding was not announced by the company, however, the firm's board continues to include representatives from Mission Ventures and Valhalla Partners. data raid apple capital venture storage activeTorrance-based Active Storage , the developer of RAID storage products for the Apple Macintosh, has raised $7.0M in a new funding round, according to a regulatory filing from the firm Tuesday.

SoCal Gets $739M In Venture Capital In Q2


Southern California companies raised $739M in venture capital in Q2 of 2011, according to the latest numbers from PricewaterhouseCoopers and the National Venture Capital Association (NVCA) based on data from Thomson Reuters. Nationally, venture capitalists invested $7.5M billion going into 275 companies in the quarter. The most active investors in Southern California companies were Kleiner Perkins Caufield & Byers and Versant Ventures , with four deals each.

Nexiant Plans Major Upgrade


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. Lake Forest-based Nexiant , the developer of software-as-a-service for materials management (MRO), said this morning that it is planning a major software release.

Ortiva Wireless Raises $2.5M


The filing indicates the funding is part of a $3.786M fundraising effort still in progress by the company. Representatives from Artiman Ventures, Mission Ventures, and Comcast Interactive Capital continue to have seats on the company's board of directors. ortiva wireless venture capil funding video encoding telecom

Shark Tank II

SoCal Tech Calendar

You'll see four real companies pitch their firms to our esteemed panel of entrepreneurs and investors in a fast-paced, structured format. The presenting companies are real, the investors are real, the money is not! Panel includes Tom Siegel, Shepherd Ventures; Jeff Kearl, Skullcandy; Ted Alexander, Mission Ventures; Paul Stannard, SmartDraw. Thursday, March 3, 2011 -- Shark Tank II. SDSIC Entrepreneur's Forum.

Slacker Integrates With Bing Bar


San Diego-based streaming radio and music service Slacker has linked its service with MIcrosoft's Bing Bar , the company said Tuesday. Slacker is venture backed by Austin Ventures, Centennial Ventures, Mission Ventures, Rho Ventures, and Sevin Rosen Funds.

LeisureLink Targets Caribbean Resorts


Clearstone Venture Partners, Mission Ventures, and Wyndham Exchange & Rentals, said today that it is targeting Caribbean resorts. Pasadena-based LeisureLink , the travel distribution firm focused on specialty lodging suppliers backed by.

Nirvanix Gets $25M In Series C


The round was led by Khosla Ventures , and also included Valhalla Partners , Intel Capital , Mission Ventures and Windward Ventures, all existing investors in the company. In a statement, Nirvanix CEO Scott Genereux said that the company booked more revenue in Q1 of 2012 than nearly all of 2011. khosla saas storage cloud capital venture nirvanix

Enevate Names CFO


Kennedy was previously CFO at Sprocket Media and SolarBridge Technologies, and also has served at Primarion, ValueClick, and other companies. Enevate is venture backed by Mission Ventures, Draper Fisher Jurvetson, Tsing Capital, Infinite Potential Technologies, Presidio Ventures, and CEC Capital, and is targeting its Lithium ion battery technology at the smartphone and mobile device market.

Enevate Announces Battery Technology


Irvine-based Enevate , a venture-backed battery technology startup focused on advanced, rechargeable Lithium-ion (Li-ion) batteries, said this morning that it has rolled out some new battery technology. The company says it is aiming its technology for us in smartphones, tablets, ultra-thin/hybrid notebook PCs, and wearable devices.

How to Not Suck at a Group Presentation

Both Sides of the Table

This was evident at the Twiistup pre-event company pitch last week at UCLA. I’m not saying the companies were bad – many were not. I spotted my fellow VC Leo Spiegel (from Mission Ventures) who had spoken previously to the same group and asked about his experiences.

Vator Makes A Splash In LA!

Tech Zulu Event

If have a company and are interested in being part of this event there is still time for you to enter the competition. Go here to enter your company. Not ready to submit your company or just want to take part of this event? Ten companies selected by their peers and vetted by VC judges will get a chance to present onstage with a 3-minute presentation. Vator is bringing its popular Splash event to LA.

LeisureLink Gets $9M In Series C


The round came from current investors, including Clearstone Venture Partners, Mission Ventures, and Wyndham Exchange & Rentals. The company said the new funding will go towards investments in its technology platform, and also for its sales efforts.

Mochila Raises $1.0M


No details on the funding have been announced by the company yet. Mochila is venture backed by Charles River Ventures, Greenspun Corporation, Jerry Colonna of JPMorgan Partners, Mission Ventures, and A.H. Tags: capital venture marketplace content online mochila Carlsbad-based Mochila , which operates an online content marketplace for publishers, has raised $1.0M in an ongoing $2.0M funding round, according to a regulatory filing by the firm.

Nirvanix Confirms Funding Round


San Diego-based Nirvanix confirmed today that the firm has raised $5M in a new venture funding round. According to the firm, the new round came from original investors Intel Capital, Mission Ventures, Valhalla Partners, and Windward Ventures.

Report: Slacker Loses CEO


VentureWire said it confirmed the departure of Dennis Mudd with an investor in the company. Slacker is venture backed by Austin Ventures, Centennial Ventures, Mission Ventures, Rho Ventures, and Sevin Rosen Funds.

Nirvanix Shuts Down, Gives Mere Two Weeks To Customers


San Diego-based cloud storage firm Nirvanix is shutting down, and has given its customers only two weeks to move their data elsewhere, in a stunning flameout for the venture backed startup. Nirvanix apparently told some of its biggest partners and customers Monday about the shutdown, although the company has yet to release any public notice of the shutdown plans.

LAVA Annual Venture Capital Panel

SoCal Tech Calendar

Tuesday, August 9, 2011 -- Annual Venture Capital Panel. Find out what does it take to secure Venture Capital for your company. Meet the top VCs who are investing in Southern California. Find out what they are looking to invest in. Learn about the hottest trends and the mistakes NOT to make.

Slacker Raises $9.6M


in a funding round, based on a regulatory filing from the company. According to the filing, Mark Leschly of Rho Ventures joins the firm's board, which also includes representatives from Centennial Ventures, Sevin Rosen Funds, and Mission Ventures, all prior investors in the firm.

Slacker Adds Lyrics


San Diego-based Slacker , a venture-backed, personalized online radio service, told its users this morning that it has launched a new feature which adds complete lyrics to the firm's services.