Silicon Beach Report March 1: LA-Tokyo Entertainment Tech Fund Hires VC
L.A. Business Journal
MARCH 1, 2018
LA-Tokyo entertainment tech fund hires VC; EVgo reduces charging station prices; and Scalefast raises $8 million in Series A funding.
Report: Machinima Seeking $50M In Funding
socalTECH
MARCH 2, 2012
Los Angeles-based online content producer Machinima , which produces videogame related content for YouTube, is reportedly seeking $50M in funding, at a $200M to $250M valuation, according to reports today. The firm, which is led by Allen DeBevoise, publishes videos online related to video games, video game news, and entertainment.
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Q1 Seed Funding Deals Up From Last Year, Says Amplify LA
socalTECH
APRIL 11, 2018
Seed stage investments in Los Angeles area startups was up, year-to-year, according to the Q1 2018 LA Seed Deal Report from investor Amplify LA. According to the report from Amplify, 23 LA startups raised a total of $52.9M in seed funding in Q1, which was up 2.5 percent from Q1 of 2017. READ MORE>>.
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147 Meteor Entertainment Raises $10M
socalTECH
FEBRUARY 27, 2012
Meteor Entertainment , a developer of a downloadable, online shooting game called Hawken , has raised $10M in funding, according to reports. Source of the funding included Benchmark Capital and FirstMark Capital. The funding was led by former JAMDAT founder Mitch Lasky, who is now at Benchmark.
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White House and House Democrats agree to funding package for paid sick leave, funding for tests
TechCrunch LA
MARCH 13, 2020
The new bill will offer paid sick leave, stronger unemployment benefits, free virus testing and more money for food assistance and Medicaid and was approved only after 13 phone calls between the House Speaker Nancy Pelosi and Treasury Secretary Steve Mnuchin, according to a report in The New York Times. billion emergency funding package.”
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J2 Global's Ziff Davis To Buy Mashable For Around $50M, Says Report
socalTECH
NOVEMBER 16, 2017
Los Angeles-based J2 Global --via its publishing arm, Ziff Davis , is getting set to acquire online tech publication Mashable , in a deal worth around $50M, according to a report on Thursday afternoon from the Wall Street Journal. Neither J2 Global nor Mashable have yet announced the deal. J2 Global acquired Ziff Davis back in 2012.
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DigiTour Media Raises Around $10M In Funding
socalTECH
OCTOBER 21, 2015
Los Angeles-based DigiTour Media , which produces events and concerts centered on YouTubers and other social media celebrities, has reportedly raised around $10M in a funding round, from Viacom, LionTree Entertainment, and Slow Ventures. READ MORE>>.
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Ross Levinsohn Named Head of The Hollywood Reporter
socalTECH
JANUARY 15, 2013
Ross Levinsohn , the former head of Yahoo and Fox Interactive Media, has just been appointed CEO of Guggenheim Digital Media , the parent firm of The Hollywood Reporter, Billboard, Adweek, and other entertainment focused properties. READ MORE>>.
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Tech and Entertainment Have a Home in Silicon Beach
Tech Zulu Event
JUNE 10, 2014
Malibu and Beverly Hills have long been hot neighborhoods for entertainment execs. As the line blurs between tech and entertainment, and as Silicon Valley seeks synergy with L.A.’s As the line blurs between tech and entertainment, and as Silicon Valley seeks synergy with L.A.’s commercial real estate market.
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Clubspeed Collects $20M
socalTECH
APRIL 24, 2019
Corona, California-based Clubspeed , a software developer which develops software used by entertainment and activity centers to manage their business, has raised $20M in a funding round, according to investor Bellwether Financial Group. READ MORE>>.
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Report: Veoh Assets Go To Qlipso
socalTECH
APRIL 7, 2010
operator of media site Qlipso , according to a report from VentureWire. Qlipso is headed by former Foundation 9 Entertainment co-founder Jon Goldman. Qlipso is headed by former Foundation 9 Entertainment co-founder Jon Goldman. Veoh filed for bankruptcy in February, after burning through over $70M in venture funding.
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Scopely raises $340 million at a $3.3 billion valuation as gaming grabs investors’ interest
TechCrunch LA
OCTOBER 28, 2020
In a move to shore up institutional support in what’s likely to be it’s last fundraising as a private company, the Los Angeles-based mobile gaming behemoth Scopely has raised $340 million in its latest eye-popping round of funding. “We were excited to crossover and invest in Scopely.” valuation. .”
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Report: Southern California Venture Capital Totals $464M In Q3
socalTECH
OCTOBER 14, 2010
Venture capital investments in Southern California in Q3 totaled to $464.18M, according to the latest numbers released by the PricewaterhouseCoopers/NVCA Money Tree Report this evening, based on data from Thomson Reuters. Silicon Valley had the lion's share of the venture funding dollars in Q3, with $1.75 in funding.
Kim Kardashian becomes a private equity dealmaker in collab with ex-Carlyle partner
TechCrunch LA
SEPTEMBER 7, 2022
Kardashian is launching private equity firm SKKY Partners in conjunction with ex-Carlyle consumer head Jay Sammons to invest in business across consumer products, hospitality, luxury, digital commerce and media, the Wall Street Journal first reported. Jenner will be joining SKKY as a partner, the Journal reported.
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Fullscreen Grabs $30M More For YouTube Network
socalTECH
APRIL 5, 2013
Culver City-based Fullscreen , which operates a multi-channel youTube network, and is led by George Strompolos (formerly of YouTube/Google), has raised $30M in a new round of funding, according to reports today. The funding round reportedly values the company at $110M pre-money. READ MORE>>.
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Southern California Companies Raise $751M In Funding in Q3, Says Report
socalTECH
OCTOBER 20, 2008
PricewaterhouseCoopers and the National Venture Capital Association released their Q3 2008 venture capital numbers over the weekend, finding that Southern California companies raised nearly $751 in funding during the quarter. Surprisingly, Media and Entertainment only saw $18.1M do not expect venture funding to dry up.
Netflix employees stage a trans solidarity walkout, pose list of demands
TechCrunch LA
OCTOBER 21, 2021
When it comes to content, the group wants Netflix to increase its funding of trans and non-binary talent, bring employee resource groups into conversations about potentially harmful content, hire more trans and non-binary content executives, and revise internal procedures around commissioning and releasing sensitive works. brb walking out.
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Southern California Firms Raise $762.88M in Q1
socalTECH
APRIL 21, 2014
According to the MoneyTree Report, based on data from Thomson Reuters, Los Angeles led the region with $309.9M in funding, followed by San Diego with $242.98M in investments, and $209.97M in investments in Orange County. in funding. in funding. Carlsbad-based Luxtera raised $37.38M in its funding round.
New Disney Accelerator Shines A Spotlight on LA Tech
Tech Zulu Event
FEBRUARY 12, 2014
The LA-based accelerator is powered by Techstars and is looking for “technology-based companies focused on transformative media and entertainment experiences.” Applications are being accepted starting today, through April 16, 2014 for early-stage companies with innovative consumer media and entertainment product ideas.
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Who's In Southern California's Unicorn Club?
socalTECH
JULY 18, 2017
(and no, there aren't any entertainment-technology companies anywhere in sight). SpaceX, based in Hawthorne, California, is now worth between $12 billion and $15 billion, according to multiple reports. billion in its last funding round, which came from Glade Brook Capital Partners LLC, AllianceBernstein L.P. (AB),
What Do Boards Actually Do?
Both Sides of the Table
AUGUST 14, 2017
And of course we help with business development introductions and with fund raising events. But unlike the popular press reporting of this conflict — 80% of the time it is founder-to-founder conflict and not investor-to-founder conflict. Those seldom get reported. Often we are asked to get involved in executive-level recruiting.
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60Frames Shuts Down
socalTECH
MAY 7, 2009
Los Angeles-based 60Frames , an online entertainment studio developing professionally produced, online content, has reportedly shut down , according to The Hollywood Reporter. in funding in 2007, from Tudor Investment Corporation and the Pilot Group, and was apparently unable to raise a second round of financing. READ MORE>>.
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113 USC Spinouts Raised $148M In Last Two Years, Says University
socalTECH
JANUARY 21, 2010
The University of Southern California is reporting today that spinouts out of the school have raised $148m in the last two calendar years (2008-2009), and that there are now at least 24 USC spinouts currently in business. USC also reported that it owns equity in 32 startups, though none of those startups were identified. READ MORE>>.
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Why an Atlanta-based Black influencer collective swapped their collab house for a studio
TechCrunch LA
AUGUST 5, 2022
Currently, the studio is funded in part by partnerships with Monster Energy and Snap’s 523 program , which supports small content companies and creators from underrepresented groups. A recent report in The Washington Post supports claims that Black creators were underpaid.
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TechZulu Live from NAB at the NMX New Media Lounge!
Tech Zulu Event
APRIL 7, 2014
That’s right folks TechZulu is heading to NAB with our old pals NMX to report and entertain live from the New Media Lounge. Brad Wyman Get Funded. Brad Wyman Get Funded. Brad Wyman Get Funded. Brad Wyman Get Funded. Business Entertainment Entrepreneurship Events NAB NMX Hive Lighting'
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86 Interview with Kevin Anderson, Appetize
socalTECH
NOVEMBER 5, 2015
Appetize is backed by the Guggenheim, the 49ers Family Office, WME SVP of Music Marc Geiger, Roar Entertainment and others; the company recently announced deals with Live Nation and the Sacramento Kings, and is part of the Dodgers Accelerator. For hotels, for cruise ships, for sports and entertainment, and for restaurants.
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100 Southern California Firms Raise $738M In Q4 2011
socalTECH
JANUARY 19, 2012
The report found that the amounts invested represented the third highest annual investment total in the past ten years. in venture funding. Orange County--boosted in a large part by a funding for Fisker Automotive--racked up $242.45M in funding. The biggest Los Angeles deal was a funding for SolarReserve , for $27.0M.
Rubicon: CPMs Flat, Seeing Revenue Growth
socalTECH
FEBRUARY 23, 2009
Los Angeles-based Rubicon Project , the venture funded online advertising effort run by Frank Addante, is reporting this morning that advertising CPMs were flat in Q4, even as the firm said it had an 30 percent growth in revenue across its publishers. Tags: project rubicon report advertising. READ MORE>>.
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Should I license my IP, sell a royalty stream, or just produce products?
Berkonomics
DECEMBER 20, 2018
If so, be aware of the issue of how you can and do verify the licensee’s report of usage. What are the advantages of using royalties instead of raising investor funds, other than no dilution of equity? If a continuing fee, the license could be based upon units of the product incorporating your IP. So, there you have it.
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The makers of the virtual influencer, Lil Miquela, snag real money from Silicon Valley
TechCrunch LA
APRIL 23, 2018
Our sources put the company’s funding somewhere around $6 million in its recent funding round. However, lying to reporters may not be the best way to continue trying to achieve it. Sequoia declined to comment for this article and Box Group’s David Tisch did not respond to a request for comment.
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254 Should I license my IP, sell a royalty stream, or just produce products?
Berkonomics
DECEMBER 20, 2018
If so, be aware of the issue of how you can and do verify the licensee’s report of usage. What are the advantages of using royalties instead of raising investor funds, other than no dilution of equity? If a continuing fee, the license could be based upon units of the product incorporating your IP. So, there you have it.
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With $40 million for AuditBoard’s risk and compliance toolkit, LA’s enterprise startups notch another win
TechCrunch LA
AUGUST 15, 2018
The company counts major clients like TripAdvisor, Lululemon, HD Supply, Express Scripts and Spirit Airlines, among its roster of customers and will use the funding led by Battery to further expand its sales and marketing and product development efforts. “We were impressed with AuditBoard’s product and its customer traction.
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155 Chrome River: Building An Enterprise Software Leader In LA, with Dave Terry
socalTECH
JULY 15, 2015
A few weeks ago, Los Angeles-based enterprise expense reporting software maker Chrome River (www.chromeriver.com) took a significant venture funding round--worth $100M--to help expand the company's growth in the enterprise software market. Dave Terry: We originally were self funded until 2012, when we took a very low investment.
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Pluggedin Media Looks For Buyer
socalTECH
MARCH 5, 2009
The firm's chairman, Brett O'Brien, told socalTECH that, contrary to other reports, the firm is not shutting down, but that they are in the process of selling the company. "We We have built a great team and a supersite for music fans, but the company now needs to find a partner that already has established a large traffic base." READ MORE>>.
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100 Pluggedin Media Looks For Buyer
socalTECH
MARCH 5, 2009
The firm's chairman, Brett O'Brien, told socalTECH that, contrary to other reports, the firm is not shutting down, but that they are in the process of selling the company. "We We have built a great team and a supersite for music fans, but the company now needs to find a partner that already has established a large traffic base." READ MORE>>.
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Nirvanix Names New Engineering VP
socalTECH
MAY 19, 2009
San Diego-based cloud storage services provider Nirvanix reported Tuesday that it has hired Chris Russell as vice president of engineering. Russell has also held leadership roles for the Motion Picture Association of America, Sony Pictures Imageworks and Sony Pictures Entertainment. READ MORE>>.
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Interview with Jennifer Sargent, HitFix
socalTECH
JULY 20, 2011
Earlier this month, Los Angeles-based HitFix (www.hitfix.com) an online news site focused on entertainment, announced it had raised $2M in a funding round. What's the story behind HitFix and where do you fit in the entertainment news landscape? and entertainment as a whole is rapidly changing and growing.
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Southern California Venture Totals Drop in Q4
socalTECH
JANUARY 23, 2009
PricewaterhouseCoopers and the National Venture Capital Association (NVCA) released their 2008 Q4 MoneyTree Report this evening, reporting that $28.3 Media & Entertainment also saw an increase, up 3 percent to $2.0 San Diego led in the report for the quarter, with $205M in 24 deals; Los Angeles had nearly $198.6M
Friday roundup: More layoffs, venture roundup, growth at firms, and more
socalTECH
JANUARY 30, 2009
In other funding new, Slacker has apparently raised a bridge financing worth $5M--no comment yet from the firm's investors. TheWrap --focused on Hollywood and entertainment news-- announced funding from Maveron on Monday.
Sometrics Launches New Product
socalTECH
DECEMBER 15, 2008
Virtual currency is "virtual" money being paid to users of social networking sites like Facebook for providing information and lead forms; that virtual money can be used to buy items or pay for games and other entertainment from game developers. Sometrics is venture backed by The Mail Room Fund, as well as AT&T and Greycroft Partners.
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100 Taking Your Startup Public Is Fraught With Negatives
Startup Professionals Musings
FEBRUARY 1, 2015
According to a recent Ernst & Young global report , 2014 was a strong year with IPOs actually outperforming other indices by 10 percent. Today 70 percent of successful startups are still acquired by bigger companies, as the safer and preferred method of growth and funding. Public companies are always at risk for takeovers.
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Biotech Roundup: ASCO, BIO, Drug Setbacks, Incubators & More
Xconomy
JUNE 10, 2016
Guardant is funding a series of trials around the country in people whose genetic or lifestyle profiles put them at high risk of five types of cancer. Ed Silverman at STAT reported the analyst note first. First reported by Deadline Hollywood , Hunger Games star Jennifer Lawrence has signed on to play Holmes.
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67 Interview With CEO Jason Njoku iRoko Partners | Africa’s Netflix Set To Disrupt US TV & Cable Market
Tech Zulu Event
SEPTEMBER 19, 2012
Njoku in April this year closed an $8m funding investment round from Tiger Global and another $2m from a Swedish firm, Kinnevik and still he says more is yet to come. Tell us about funding rounds you have had? We closed on the final round of funding earlier on this year with Swedish-based hedge fund, Kinnevik.
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How Chippmunk Hopes To Use UX To Rise Above The Coupon Crowd
socalTECH
JANUARY 9, 2014
The company recently raised a $750,000 seed round of funding. We would make an acquisition, and very soon after an acquisition we''d have a team of people from the company we had acquired reporting into our group. Content is kind, and most people think of that as entertainment, video, or music content. What is Chippmunk?
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