How to Develop Your Fund Raising Strategy

Both Sides of the Table

I now observes the fund raising process as a profession. This is the fund raising perspective from both sides of the table. Fund raising (as is much of life) is a sale – pure and simple. Fund raising is bloody hard. But fund raising is a contact sport.

Startup CTO or Developer

SoCal CTO

Most often at the earliest point in the life of a startup, the dominant need is certainly to produce product to get something in the market, get funding, etc. What worries me a bit is how often I read that startups should hire a developer / hands-on lead developer.

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Trending Sources

Startups and a Common Misunderstanding in Agile Software Development

SoCal CTO

They didn't feel they had visibility into timelines and costs for development of their software. The teams involved didn't seem to be exhibiting many of the Symptoms of a Weak Development Team.

Hiring Developers Before Product/Market Fit?

SoCal CTO

Hiring seems to be the preferred use of seed funds (by investors and founders), whereas I'd prefer a focus on customer acquisition. And in most cases they are not ready to hire developers either.

32 Questions Developers May Have Forgot to Ask a Startup Founder

SoCal CTO

Many of these founders have talked with several developers or development firms about their plans. Still, if you've not heard these questions from a developer, they are not helping you as much as they should. How are you funding this?

Billionaire Soon Shiong Funds Healthcare Systems Developer

socalTECH

Soon Shiong has been becoming very active in making investment recently, having funded massively multiplayer online gaming firm Fourth Wall Studios in May and acquiring "smart pill" maker Vitality Corp in February.

Should Startups Announce Their Funding?

Both Sides of the Table

Understanding “The Funding Angle” I sit at enough board meetings to hear conflicting advice given to entrepreneurs about how to handle PR and announcements at startups. Is Funding a Worthy Announcement? ” Funding IS the story. Funding is news.

Kareo Gets $15M Debt Funding

socalTECH

Irvine-based Kareo , which provides cloud-based, medical office software, said Friday that it has raised $15M in a mezzanine debt funding round. The funding came from Escalate Capital Partners. The company said the new funding brings its total raised to $47M in 2014. Terms of the new funding were not announced. kareo debt funding medical office software venture capital finance

Ashton Kutcher, Sound Ventures Back Gigster In $10M Funding

socalTECH

Ashton Kutcher and his Los Angeles-based venture firm, Sound Ventures , are one of the backers of a new startup which says it can offer up on-demand, software development and design services. San Francisco-based Gigster said this morning that it has raised $10M in a Series A funding, which came from Andreessen Horowitz, along with Ashton Kutcher and Sound Ventures; Y Combinator; SV Angel and Ron Conway; and Jason Calacanis and Launch Fund.

Netwrix Gets Series A Funding

socalTECH

Irvine-based Netwrix , a developer of hybrid cloud security software, has received a Series A funding round, the company said Tuesday. The funding was led by Updata Partners. Netwrix, led by Michael Fimin, said the funding will go towards product development and growth. Netwrix develops software that monitors both on-premise and cloud applications for unusual user behavior.

Startup Software Development – Do Your Homework Before You Develop Anything

SoCal CTO

I just had an all-too common conversation with the founder of a startup who had spent more than a year working with a software development company who had produced a mess. The mess really comes from a developer who was willing to get started on a product that was not fully thought out. If I’m being asked to do startup software development, I’m going to push fairly hard on key questions that the startup needs to have answered before they develop anything.

32 Questions Developers May Have Forgot to Ask a Startup Founder

SoCal CTO

Many of these founders have talked with several developers or development firms about their plans. Still, if you've not heard these questions from a developer, they are not helping you as much as they should. How are you funding this?

Embodied Gets Funding From Intel For Personal Robots

socalTECH

Pasadena-based Embodied , a new startup developer "affordable personal robots", has raised funding from Intel Capital. Size of the funding was not announced. According to Intel, Embodied is developing affordable personal robots that improve human wellness and quality of life, using machine perception, cognition and learning. A recent regulatory filing from Embodied suggests the funding round was worth around $3.79M.

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Avalon Leads $18M in Early Funding for Cancer Immunotherapy Startup

Xconomy

[ Note: The headline has been corrected to better describe the company’s type of funding. Fortis Therapeutics, a new San Diego biotech, has raised $18 million in initial funding to develop drugs for hard-to-treat prostate and bone marrow cancers.

Quarterly Gets Funding From Science

socalTECH

Los Angeles-based subscription box service Quarterly , which develops unique gift boxes every three months from such influencers as Pharrell Williams, Bill Nye the Science Guy, and actress Rosario Dawson, has raised a round of funding and connected with Los Angeles-based Science Inc.

Zynga Funds Effort At USC To Support Diversity In Video Game Industry

socalTECH

Social games developer Zynga has funded a new effort to increase the diversity in the video game development industry, through a partnership with the University of Southern California , Zynga said on Tuesday. Zynga said its support will specifically fund a class on creating social mobile games using Zynga's design methodology, which will begin in the fall of 2017 and extend through the spring of 2020.

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Appetize Raises $20M In Funding, Ramps Hiring

socalTECH

Los Angeles-based point-of-sale technology developer Appetize said Tuesday that it has raised $20M in a new funding round, led by private equity investor Shamrock Capital Advisors. As part of the funding, the company said that Shamrock's Andy Howard and Alan Resnikoff have joined the company's board of directors, with Oak View's Leiweke joining as an observor.

Equity-Only CTO and Equity-Only Developers

SoCal CTO

Was it a Startup Founder Developer Gap ? Did they really need a Startup CTO or Developer or both? Did they have a Weak Development Team ? He needed some kind of CTO and as well Developers. However, when I told him that the level of engagement required from me and the fact that equity-only development was required, he seemed to be a bit offended. I would caution any founder that finding and being successful with equity-only developers is tough.

A Seriously Great Story and Why We Funded Them

Both Sides of the Table

We are often asked how companies get funded, why VCs make the decisions we make and what we’re looking for in entrepreneurs. They had all of their character development started (they showed up mock-ups) and the basic gameplay for Game 1 was through through (but not yet built).

Poor Software Developers - Pull the Plug Early

SoCal CTO

There's an old adage in software development that I refer to all the time: The first 90% of development takes 90% of the time. And I use it all the time now when I get the kind of message that I received: I'm looking for a web developer to continue work on my website. I used a company in India to develop the site, and it's mostly done. Then I found a local developer but it was a truly awful experience. The funds have been used up on the existing development.

Quest Software Backs Middleware Developer

socalTECH

Aliso Viejo-based Quest Software , the developer of enterprise software tools, has backed a maker of SOA middleware. According to WSO2 , a Silicon Valley-based developer of middleware software, it raised $6.5M in a growth funding round, led by Quest. WSO2 develops cloud-enabled middleware software used by enterprises. The investment also included Intel Capital. READ MORE>>.

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Ecinity Scores Funding Round

socalTECH

Los Angeles-based Ecinity , a developer of online, automated marketing software for the SMB market, has raised a round of funding from Siemer Ventures and others, according to details on investments released by Siemer Ventures yesterday. Details on the funding have not been announced, however, a recent regulatory filing indicates the company recently raiesd $1.55M as part of an ongoing, $1.85M funding round.

SteelHouse Adds $49M In Funding

socalTECH

Los Angeles-based advertising software developer SteelHouse is announcing this morning that it has raised $49M in a new funding round. The funding was led by Mercato Partners, and also included Staley Capital and Silicon Valley Bank. SteelHouse saaid that it was able to find significant capital, even as many advertising companies are running into "challenges" securing financing from traditional venture capital funds.

USC Marshall Awards $50K In Seed Funding Competition

socalTECH

Six companies started by students at the University of Southern California's Lloyd Greif Center for Entrepreneurial Studies at USC Marshall have been awarded a total of $50,000 in seed funding, after competing in the center's New Venture Seed Competition held this week.

American Solar Direct Lands Investment Funding For Rooftop Solar

socalTECH

Los Angeles-based residential solar energy provider American Solar Direct has raised a round of investment, from Dubai-based solar developer and investor Adenium Energy Capital. Size of the funding round was not announced. The new funding will go towards accelerating growth and expansion at the copmany.

FastCall411 Gets Funding

socalTECH

Hollywood-based FastCall411 , the developer of pay-per-call technology headed by Richard Rosen, has scored funding from Dave McClure's 500 Startups fund. FastCall411 was one of seven recipients of funding from the Twilio Startup Fund, a fund which looks to invest $250,000 in startups that use Twilio's telephony API.

MarketShare Raises $5.0M In Debt Funding

socalTECH

Los Angeles-based Marketshare , the developer of marketing and advertising optimization software, has raised $5.0M in a debt funding round, according to a regulatory filing form the firm. The funding has not yet been announced. marketshare venture capital debt funding marketing optimization advertisingAccording to the filing, round close on September 8th, and came from a single investor.

March Capital Backs VeloCloud In Series C Funding

socalTECH

Santa Monica-based venture capital investor March Capital Partners is the lead investor in a developer of cloud networking technology, VeloCloud Networks , as part of a new $27M funding round for that company. VeloCloud, which is based in Silicon Valley, said the new Series C funding was led by March Capital Partners, and also included Cisco Investments, New Enterprise Associates, and Venrock. VeloCloud develops software-defined, wide-area-networking (WAN) technology.

Coronal Energy Gets Funding From Panasonic

socalTECH

Pasadena-based Coronal Energy , a provider of solar photovoltaic (PV) project development, financing, and operation services for the utility, municipal and corporate market, has scored a strategic investment from Panasonic , the two said this morning. Financial terms of the funding were not disclosed.

Cogitai Gets Funding From Sony

socalTECH

Cogitai said it is developing "core" artificial intelligence software technology. The new startup, led by Dr. Mark Ring, said it is developing "continual-learning" technology which allows systems to learn continually from their experience. Cogitai said it would be using the new funding for "aggressive" hiring at the company. software funding strategic intelligence artificial sony cogitai

eGood Gets $3M In Seed Funding

socalTECH

Glendora-based eGood , a startup developing a social giving platform, said today that it has raised $3M in a seed funding round. The funding came from Wolfgang Buehler, and angel investor. According to eGood, it is using the funding to develop its mobile and in-store check-in platform. egood venture capital angel funding social charity cause mobile checkin

CarLabs Gets Funding For Car Shopping Bots

socalTECH

Los Angeles-based CarLabs , a new startup developing conversational "bots" to guide users through car shopping, has scored an angel funding, the company said late last week. The ange funding came from Mitch Glub (former founder of Cars.com); Tom McAlear (former COO of DaimlerChrysler Services); and Kevin Keegan (former President, InsWeb, and SVP at JD Power). CarLabs said it has been developing conversational software which helps simplify the car purchasing process.

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Correction: 3D Ram Semiconductor Developer Gets Funding

socalTECH

Update: Crossbar informs us that its investment announcement incorrectly identified the investor in this story as Tao Venture Capital Partners, when it should be an entirely different company -- Tao Invest, the investment fund of Nick and Joby Pritzker (also referred to as Tao LLC). The two funds are not related. According to Crossbar , it raised $25M in a Series C funding, adding new investors Tao Invest, SAIF Partners, Korea Investment Partners, and CBC-Capital.