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Rustic Canyon Boosts Social Gaming Firm PlayFirst

socalTECH

Santa Monica-based venture capital firm Rustic Canyon Partners has upped its investment in social games firm PlayFirst , which is based in San Francisco. According to PlayFirst, Rustic Canyon, Mayfield Fund, Trinity Partners, and DCM--all current investors in the game developer--have invested $5.2M

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Rustic Canyon's Kim To Leave Firm

socalTECH

Michael Kim , a partner at Santa Monica-based Rustic Canyon Partners , is departing the firm at the end of the year to startup up a new fund-of-funds, Cendana Capital. According to Kim, he will become an Advisory Partner to Rustic Canyon, and transfer his responsibilities at Rustic Canyon by the end of the year.

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Report: Trion World, Backed By Rustic Canyon, Planning IPO

socalTECH

One of the portfolio firms of Los Angeles-based venture capital firm Rustic Canyon , Trion World Network , is reportedly prepping for an IPO, according to reports over the weekend. Rustic Canyon's investment in Trion World Network is managed by Nate Redmond; the firm also has part of its game studio in San Diego.

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Rustic Canyon Bolsters LoopNet

socalTECH

Los Angeles-based venture capital investor Rustic Canyon Partners is part of a group investing $50M in private equity in San Francisco-based LoopNet, which operates an online marketplace for commercial real estate. Tags: rustic canyon venture capital loopnet realestate real estate.

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US Renewables Group Launches Wind Power Firm

socalTECH

Santa Monica-based US Renewables Group , a private equity firm focused on renewable power, biofuels, and clean technology, said this morning it has created a new company, Westerly Wind LLC , to provide capital and expertise to developers of wind power systems. READ MORE>>.

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Venture Funding in Green Technologies

SoCal Tech Calendar

Moderated by John Babcock, Partner, Rustic Canyon Partners. Panelists include Yaniv Tepper, Managing Partner and Co-Founder, Angeleno Group; Tom Soto, Managing Partner and Co-founder, Craton Equity Partners; Steven E. Parry, Managing Director, NGEN. See [link] (more)

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What’s Really Going on in the VC Industry? What Does it Mean for Startups?

Both Sides of the Table

So even within the “alternative class&# our LPs are looking at other asset investment choices such as distressed buyout funds, private equity or hedge funds. I suspect both were at play in Rustic Canyon Partners that went from a $500 million fund to around a $200 million fund. VC will shrink. Oh yes it will.