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Bebo's Surprise Buyer: LA's Criterion Capital Partners

socalTECH

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. Tags: bebo merger acquisition social networking. Criterion Capital Partners is headed by Adam Levin.

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Snap’s Yellow accelerator debuts its third batch of investments

TechCrunch LA

SketchAR : an augmented reality drawing app with social tie-ins. TRASH : an app for quickly editing social video cuts using machine learning. Veam : a social network built around AirDrop. Stipop : a rich cross-platform chat sticker API. Wabisabi Design : an augmented reality game studio focused on bit-sized titles.

Invest 237
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MySpace Acquired By Specific Media

socalTECH

Los Angeles-based MySpace , the once dominant social networking website, has been sold to Irvine-based Specific Media , the online advertising network, in a deal reportly worth $35M. According to Specific Media, News Corporation will take a minority equity stake in Specific Media as part of the deal.

Media 140
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8 Key Startup Drivers Bring Pleasure As Well As Sweat

Startup Professionals Musings

Those at the other extreme don’t look up from the grindstone long enough to notice whether all their work is producing sweat equity or just sweat. Reserve the same names on the leading social networks and blogs. Starting a business may be fun, but it’s not easy. Marketing is top priority. Start even before the product is ready.

Startup 160
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TechZulu Live to Premiere "TZLaw" at 5:15 p.m. PT Thursday, October 7, with IP Attorney Denise Grayson of "The Social Network"

Tech Zulu Event

PT as they kick off the new weekly tech law show "TechZulu Law" with a discussion with IP attorney Denise Grayson, who portrays the attorney of Eduardo Saverin in the film about the early days of Facebook, "The Social Network.". In "The Social Network" Denise portrays Gretchen, the attorney of Facebook co-founder Eduardo Saverin.

IP 81
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JumpStartFund Launches First Ever Crowd-Powered Portal For Startups

Tech Zulu Event

Social network for investors. JumpStartFund has been built ground up with an interactive social network where members can easily find, follow and network with investors and other startups to fundraise using rewards- or equity-based crowdfunding. Get feedback, collaborate and get funded.

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10 Steps To Second Stage Success For Your New Venture

Startup Professionals Musings

They need a large infusion from venture capitalists, private equity, bank loans, or mezzanine financing. Delivering a superlative experience is the only way to get truly loyal clients, repeat business, and expansion through social networks. Very few startups are cash-rich enough to self-finance aggressive second-stage growth.

Sales 147