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A new, Los Angeles-based startup, Townhang.com , announced Wednesday that it has raised $700,000, and launched a new site to help people find interesting events, happenings, and activities in their city. The startup--founded by Alexey Karpov--said the funding came via equity crowdfunding efforts by the company. READ MORE>>.
Los Angeles-based StartEngine , the equity crowdfunding site led by serial entrepreneur Howard Marks, told its supporters on Friday that it is planning to launch a new, equity crowdfunding effort: for itself. StartEngine did not say how much it is looking to raise in its own, equity crowdfunding. READ MORE>>.
Santa Monica-based Visio Internet , which develops Internet sites for governments, has raised a round of growth capital, according to the company. The funding came from Caltius Equity Partners. vision internet private equity government venture capital services development executive velocify' Nachman as its CEO. READ MORE>>.
Irvine-based loanDepot.com said today that it has launched an online, mortgage marketplace with backing from private equity firm Parthenon Capital Partners. According to loanDepot.com, the new site will help consumers to research real estate loans, providing education, loan processing, up-to-date mortgage rates, and other related services.
A report today from Bloomberg says that Providence Equity Partners , the private equity firm which owns part of Los Angeles-based Hulu , is selling its stake to the firm's other owners in a deal valuing the firm at about $2 billion. No details on the deal have been announced. Hulu's other owners are Walt Disney Co., Comcast Corp.,
Santa Monica-based SharesPost , a new startup out of Scott Painter's BrightHouse incubator, said Tuesday morning that the firm has launched on online platform which will match buyers and sellers of private equity. Among features of the site are private company research, escrow serviecs, and electronic signatures. READ MORE>>.
San Diego-based JMI Equity is the lead investor in a first round of funding for online coupons site CouponCabin.com , which said Thursday evening that it has raised $54M in a funding round from JMI Equity. According to CouponCabin.com, JMI will hold a minority stake in the firm.
Santa Monica-based TrueCar , the online car pricing site headed by Scott Painter, has scored a new, equity investment and partnership with direct marketing firm Guthy-Renker , the firm announced today. Financial terms of the investment were not disclosed. READ MORE>>.
Los Angeles-based Tongal , which operates a crowdsourced site for creating commercials, reported today that it has hit $1 million in current projects in its reward pool. The site said that so far, its users have earned $4M working on its various creative projects, with many earning more than $100,000 for their work on the site.
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Los Angeles-based crowdfunding site Crowdfunder.com , the equity crowdfunding site led by Chance Barnett, has raised $3.5M Crowdfunder said its equity crowdfunding site has been used in such startups as GoCoin, Social Rewards, Bitvore, and others. capital venture finance equity crowdfunding crowdfunder'
San Diego-based Dealstruck , the small business lending site led by Ethan Senturia, has raised $58M in a combination of debt and equity, the company said this morning. in equity funding from Trinity Ventures, for its small business loan marketplace. Dealstruck said the new funding brings its lending capacity to more than $100M.
Los Angeles-based crowdfunding site StartEngine said on Friday that so far, it has raised $800,785 in the equity crowdfunding for itself. StartEngine launched that equity crowdfunding effort back in September.
Private equity firm Providence Equity Partners has sold its 10 percent stake in Hulu , the firm said Friday morning, getting a nice return on its investment in the online video streaming site. Providence Equity Partners had invested $100M in Hulu in 2007, and reportedly sold back its stake for $200M to the company this week.
El Segundo-based Internet Brands , the Internet media firm headed by Bob Brisco, has been acquired by private equity firm Hellman & Friedman Capital Partners, in a deal worth approximately $640M. Internet Brands owns a wide network of online web sites in a number of verticals. The price is a premium of approximately 46.5
Fake Site - you can have what looks to be a real site, even take "orders" but not actually have anything able to run it. We end up using WordPress a lot as the marketing front-end of our web sites. WordPress is pretty easy to hack. And the back-end is something that a non-technical founder can manage.
AmazonLocal , the daily deals site run by Amazon.com, has quietly launched in the Los Angeles area, as the firm starts a national expansion of its daily deals effort. According to AmazonLocal's web site, it now is offering deals in Long Beach, Los Angeles, Inland Empire, and on the Westside/South Bay. READ MORE>>.
The crowdfunding site said the new product lets businesses drawn down funding like a credit card, paying interest only on the amount outstanding, with the ability to pay down their credit loans at any time. The company is taking a different approach to crowdfunding, offering up debt-based funding to companies, rather than equity.
"I'm looking for a partner / cofounder who can not only head the technical aspects and build a working model of the site, but someone with the connections to put a great development team together when we need it. Sites - There are a bunch of sites out there aimed at this or similar issues. Go to user groups.
If you are one of the thousands of entrepreneurs who need equity funding to get your startup going (no loans to repay), you are probably overwhelmed at the prospect of finding, contacting and pitching to the huge number of qualified angels and investment groups around the country. Collect target customer testimonials and advocacy.
That's the idea behind a new startup, Fundable , headed by serial entrepreneur Wil Schroter , which allows you to use rewards -- product, company schwag, an even equity -- as a tool to get your startup to the next stage. We allow startups to raise money, both based on equity, as well as rewards. What's Fundable?
This morning's interview is with Alon Goren , co-founder and President of Los Angeles-based Invested.in , an online site which allows users to run fundraisers for their projects. You publish it, and the whole thing is managed on our site where you've created a fundraising campaign. What sort of projects are people using your site for?
Los Angeles-based Luxury Link , the online luxury travel search site which helps travelers find luxury hotels and accomodations for a discount, has rolled out a new feature on its web site called "Inspire Me". The feature directs visitors to exotic locations picked by the site's editors. READ MORE>>.
Moviepilot , the online film review and publishing site led by Tobias Bauckhage, has sold off its German website, moviepilot.de , to French publisher Webedia. Moviepilot''s web site focuses on film recommendations, film discovery, and the company also helps studios with social media campaigns. READ MORE>>.
Despite the huge surge of content specifically being developed for the web--and for sites like YouTube--making that content profitable and sustainable continues to be an issue for content creators. One of them, is unless you have a million dollar, celebrity campaign, you can hardly ever make the home page of those sites.
The new cases will be sold through AT&T''s retail stores and through AT&T''s online site. Pelican Products is owned by private equity investor Behrman Capital. The cases retail between $40.00 depending on model. READ MORE>>. pelican products case phone iphone smartphone'
Los Angeles-based Shopzilla , the online comparison shopping site owned by Scripps Networks Interactive , has been sold to private equity firm Symphony Technology Group. Scripps said that Symphony will pay $165M to acquire all of the outstanding shares of Shopzilla, made up of $150M in cash plus $16M in deferred payments.
in a debt and preferred equity round of funding, according to investment firm BIA Digital Partners II, LP. BIA said that the round also included primary equity backer Azure Capital Partners. The funding will go towards growth of the company's flagship site, as well as build out of its e-commerce and enterprise products.
Los Angeles-based LuxuryLink said today that it has launched a new, sister site aimed at family travelers. The firm said its new site, FamilyGetaway.com will feature family friendly resorts and hotels. LuxuryLink said the new web site has over 100 properties and 200 family travel packages featured. READ MORE>>.
We caught up with founder Evan Britton about how his company has created the top site in the Internet niche of celebrity birthdays, and how that intense focus on a single niche--and user experience- has paid off for the company in terms of user engagement and growth. That was the genesis of the site. It was discouraging.
Greg Martin , the partner heading up Redpoint Ventures ' Los Angeles office, has reportedly left the firm, according to a report from the Private Equity Insider. Martin is no longer listed on Redpoint's web site, was not listed in its latest fundraising documents, and declined to comment on the story.
Manhattan Beach-based CapLinked , the online service which helps private companies manage their investors and funding rounds, said that it has just surpassed $10 billion in private deals managed through the site since its launch earlier this year.
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? How''d you come up with the idea for the site? We have real people here.
Los Angeles-based comparison shopping site Shopzilla said this morning that it has acquired Zappli , a developer of mobile applications. Zappli develops a mobile app called InstaBuy, which helps e-commerce sites with quick online checkout via phone, as well as myShopanion, a social shopping app for mobie users. READ MORE>>.
San Diego-based Tioga Pharmaceuticals said today that it has raised $18M in a new equity funding. Tioga said it is expecting to kick off trials at 120 sites in the Untied States next month. Tioga said it is expecting to kick off trials at 120 sites in the Untied States next month. READ MORE>>.
Lynda.com , the online video education provider which has been one of the region's most successful, bootstrapped companies--is no longer bootstrapped, after inking a massive, $103M growth equity round. According to Eric Robison, the firm's CEO, the funding round will go towards increasing the firm's global reach and expanding content.
MOG, which was based in Berkeley, California, provided an online, streaming radio and music services which competes against such sites as Pandora and Slacker. MOG was venture backed by Angels Forum , Balderton Capital , Menlo Ventures , Simon Equity Partners , Sony Music Entertainment , and Universal Music Group. READ MORE>>.
Studio City-based private equity firm Criterion Capital Partners is the buyer of AOL's distressed Bebo social networking site, AOL confirmed today, after widespread reports that AOL would be selling the firm. The deal is reportedly worth less than $10M, and comes only two years after AOL paid $850M for Bebo.
Los Angeles-based video streaming site Hulu is entertaining offers from at least five different bidders, according to a report over the weekend, including one that values Hulu at between $600M to $800M. READ MORE>>. hulu streaming video merger acquisition content hollywood'
Chavez also has served at Jones Lang LaSalle, Elementbars.com, and Equity Office Properties. The firm's businesses now include daily deals site Spreebird, advertising network Rovion.com, and product inventory and search site Krillion.com. Local.com operates a network on online websites which market local businesses.
Saban''s technology holdings include mobile games firm The Playforge and kid''s online site Zui. saban capital singapore media communications venture private equity hollywood content univision' The new office is headed by Sumeet Jaisinghani, who was previously in Hong Kong. READ MORE>>.
His goal was to find a programmer who would come in as an early partner and work as an Equity-Only Developer. At that point, you can't really just try to find someone to build it on the side, do equity only, etc. Sites - There are a bunch of sites out there aimed at this or similar issues. Ask a few CTO type people.
Los Angeles-based MySpace has been among the most visible of Southern California's Internet era success stories, although the site--now owned by News Corporation--has had its own share of ups-and-downs, as well as questions about its future. MindJolt offers up a broad catalog of casual and social games from its site. www.cocodot.com).
Los Angeles-based comparison shopping site Shopzilla announced this morning that it is expanding in Europe, and has launched a new division in Europe called Aisle A. Shopzilla said Aisle A will offer up display advertising across both its own shopping site (Beso, Bizrate, Shopzilla) as well as from premium partners. READ MORE>>.
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