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San Diego's Seismic Snags $100M, Joins Unicorns

socalTECH

San Diego-based Seismic , a developer of sales and marketing software, has raised $100M more in a funding round, which values the company at $1 billion, the company said on Tuesday. Rowe Price, plus General Atlantic, JMI Equity, and Jackson Square Ventures. The funding round came from Lightspeed Venture Partners, T.

San Diego 113
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AbacusNext Acquires HotDocs

socalTECH

San Diego-based AbacusNext , a provider of technology solutions for the legal and accounting market, has acquired UK-based HotDocs , a provider of document automation technology. AbacusNext is owned by private equity investor Providence Equity. Financial terms of the acquisition were not announced. READ MORE>>.

San Diego 124
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Should Startups Extend the Window to Exercise Options?

Xconomy

In a blog post called “Fixing the Inequity of Startup Equity,” it offered a raft of free documents companies can download to more easily implement a 10-year exercise window. They’ve extended the window to exercise options for employees who have at least a minimum period of service.

Startup 64
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How Dealstruck Is Using Crowdfunding To Power Loans For Small Businesses

socalTECH

Instead of equity, the company is aimed at profiting profitable small businesses with business debt funding from investors, to help those businesses grow and get to the next level. Why did you decide to focus on debt, not equity? Ethan Senturia: There are a number of things, including my background.

Startup 247
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Decoding Signal From Noise For Wall Street, With Bitvore

socalTECH

To give you an overview, there are something like 6,000 equities in the U.S. It wouldn''t be covered in the Los Angeles Times, and not by the San Diego papers. It was interesting for us to see that, in addition to equity, you also turned to crowdfunding. which are super actively traded, those stocks that we all trade.

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Startup M&A: Why a Letter of Intent Deserves Your Full Attention

Xconomy

Whatever you call it, this document of about five pages is a summary of the terms of a deal the parties hope to close down the line. KEY COMPONENTS: What appears to be a simple, straightforward document has the potential to scuttle a deal, so it’s vital to understand the MO of an MOU. That’s a major concession for any startup.

Startup 57
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BlackThorn Emerges With $40M, New Weapons Against Neuro Disorders

Xconomy

It’s closed a $40 million Series A round led by Arch, with participation from the venture arm of Johnson & Johnson, Alexandria Real Estate Equities, and several other investors. Today, BlackThorn is making its first formal announcement.