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Howard Morgan Steps Down At First Round Capital, Back To Angel Investing

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Howard Morgan , the venture capitalist who helped found Idealab back in 1996, and has since been Founding Partner at seed stage investment fund First Round Capital , is returning to angel investing and will not participate in First Round Capital's new fund. First Round Capital just filed paperwork on a new, $175M fund.

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Sorenson Media's Csathy Departs To New Digital Media Effort From Manatt

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According to Manatt, Csathy will head up a new effort called Manatt Digital Media Ventures , which will both make new digital media investments in companies, as well as provide professional services to the high tech industry. The new digital media venture from Manatt was created by Los Angeles partner T. READ MORE>>.

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Punchcard Takes On Mobile Loyalty

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Looking to provide a high-tech twist on retail loyalty punchcards, Pasadena-based Punchcard --the latest startup out of Idealab--has debuted a set of mobile apps which allow retailers to virtually "punch" customer loyalty cards on Android and iPhone. Financial details of the seed funding in Punchcard have not been announced.

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LA's Innovators Get Spotlight, But Investors Cautious

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More than one attendee expressed worries about seed level startups having issues getting more funding; seeing too many "me-too" startups; and the importance of proving out viable business models. but also speculated on if there's enough capital to fund follow on investments for graduates of those accelerators. READ MORE>>.

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Catalyzing Innovation In Pasadena, with Innovate Pasadena

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One of those high profile neighborhoods here is Pasadena, home of Idealab, Caltech, OpenX, and many other high tech companies and institutions. Because of that, I formally reached out to Caltech, Idealab, the Art Center College of Design, and all the CEOs I knew running tech companies out here.

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