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Genies Finds $65M For NFT Avatars

socalTECH

Los Angeles-based Genies, a startup that helps people create their own avatars--which they can decorate by buying special NFTs (non-fungible tokens)--has raised $65M in a Series B funding, the company said this week.

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Yammer Dwarfs Parent Geni In Fundraising Round

socalTECH

In the case of the kid getting much (much) larger than its parent, Yammer , the one time spinout of Los Angeles-based genealogy and family tree website Geni , has now squarely out-raised venture capital than its parent firm, saying Wednesday that it has raised an $85M funding round. in funding. READ MORE>>.

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Pocket Change Finds More Funding

socalTECH

A virtual currently startup, Pocket Change , with links to Southern California has just raised $5M more in funding. The firm, which provides virtual currency handling for Android game makers, is the startup of Ari Mir, who formerly co-founded GumGum, and Amos Elliston, who served as CTO at Geni and SVP of Engineering at Yammer.

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Never Hire Job Hoppers. Never. They Make Terrible Employees

Both Sides of the Table

It all started yesterday when Jason Calacanis sent a Tweet telling GenY’ers / Millennials or whatever people under 30 want to be called these days that job hoppers look like “flakes. &# I simply sent a supporting Tweet saying that I agreed. And good VC’s feel the same way. They make terrible employees.

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Layoffs Hot Keyword for Second Half of January 2009

SoCal CTO

-The Scott Sanfilippo Interview Media Optimization Firms Are Red Hot In Southern California in 2009 Proliferate - Aggregate - Integrate Startups Uncensored #4 - “Finding and Working with Partners” SoCal VC’s absent from Forbes Midas List Top Five Best Uses of an Entrepreneur's Legal Dollars What Data Crunchers Did for Obama An Evaluation of Web Strategy (..)

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Crew32, Led By Jason Nazar, Gets $5.2M In Funding Round

socalTECH

Santa Monica-based Crew32 , a stealth startup founded by Docstoc founder Jason Nazar, Betterworks, Geni, and Yammer co-founder George Ishii, and InvestedIn and MySpace co-founder Yadid Ramot, has raised $5.2M, as part of an ongoing $6.0M funding round, according to a regulatory filing by the firm on Thursday.

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Twiistup 6 Highlights

Both Sides of the Table

We had an excellent opening panel on early-stage investing with Dave McClure (Founders Fund – NorCal), Brad Feld (Foundry Group, Boulder) and Andy Sack (Founders Co-Op, Seattle). The tone of the panel was set by David’s announcement that he was relocating to Silicon Valley (and dragging Geni & Yammer with him).

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