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Los Angeles-based Stir , a startup developing a touchscreen-driven, Wi-fi connected, and sensor-powered desk which automatically adjusts to a user''s height, said this morning that it has raised $1.5M in a seed funding round. The funding wa sled by Tony Hsieh''s Vegas TechFund, and also included angels Josh Makower, John R.
General Assembly , which conducts classes on web development, Photoshop, Javascript, digital marketing, and all kinds of other topics through its location in Los Angeles, has just scored a $35M funding round, a Series C for the company. READ MORE>>. general assembly angeles venture capital learning digital school technology'
Wednesday, May 4, 2011 -- Where HighTech Meets High Surf: Ventura Ventures Technology Center. ACG 101 Where are the next generation of high-tech companies getting their start? The City-sponsored Ventura Ventures Technology Center is an incubator for a wide range of techstartups.
A new, Los Angeles area startup launched this morning, hoping to use the power of the crowd to help take ideas to launch. The startup--headed by Dirk Ahlborn--has created a system which lets the crowd provide feedback, ideas, and even crowdfunding to take ideas and research to market. READ MORE>>.
Let me start with the obvious baseline that most people probably know instinctively: Los Angeles is the 3rd largest technology startup ecosystem in the US. They estimate that high-tech work contributes $108.3 Given how efficient markets are when a large market like LA starts to blossom it attracts capital pretty quickly.
Dear readers: Like keeping up to date on Southern California's latest venture funding, hightech deals, and more? Understand the investment landscape - Better understand who is getting funded, what kinds of companies are being funded, and why - before you look for funding yourself. Join today!
The White House is announcing a new effort today to spur hightech innovation and growth, called the Startup America Partnership. The new effort will be chaired by AOl's Steve Case, with funding from the Ewing Marion Kauffman Foundation, the Case Foundation, Intel Capital, and IBM.
For the last week of the year, we're featuring the thoughts and reflections of some of the movers and shakers of Southern California's hightech community. Today, we're featuring Erik Rannala , founder of MuckerLab , the startup accelerator focused on incubation stage Internet, software, services, and media businesses here in LA.
Ventura-based outdoor apparel company Patagonia has partnered with a startup developing a high performance, synthetic silk fabric, made out of natural proteins. The investment round came from Nan Fung, Innovation Endeavors, Alafi Capital, East West Capital, Foundation Capital and Founders Fund. READ MORE>>.
Los Angeles-based Bonfire Ventures said this morning that it has officially launched with its first fund, a new $60M fund aimed at early stage startups. READ MORE>>.
San Diego-based Global Village Concerns , which provides an online service which helps school with their branding and marketing--via online e-commerce shops with branded merchandise and gear--has raised ar round of debt funding. Size of the funding was not announced. Details on the terms of the debt were not announced. READ MORE>>.
On Thursday, the City of Ventura is formally launching a new incubator, the Ventura Ventures Technology Center (www.v2tc.com), targeted at hightech businesses. The incubator so far includes startups Lottay , Geodelic , and a number of other Internet and other technology firms. What led the City of Ventura to start an incubator?
I recently returned from a 5-day visit to Ireland, my first time back in 10 years and the start of what I hope will be a more regular travel schedule there. Suddenly it was a hot ticket and many people started lobbying to get on the next year’s agenda. I thought by now he would have given up on me as a flake.
Wellington Financial , a provider of venture debt and growth capital to hightechstartups and other companies, said yesterday that it has closed on a $177.5M, fourth fund. The fund, Wellington Financial Fund IV, came from Canadian institutional investors, pension plans and family offices.
For our Insights and Opinions section today--where we feature the thoughts and opinions of the local hightech community--we have an article from Jeff Grabow , of Ernst & Young, talking about the changing world of venture capital : The VC environment isn''t what it used to be. Guess what? That''s not a bad thing. Continued.).
Aliso Viejo-based Arkami, one of the startups in OCTANE's Launchpad Accelerator, has just zoomed past $360,000 in funding commitments on the crowdfunding site Kickstarter, according to the firm's myIDkey project page.
A new, $20M venture capital fund, TAU Ventures , based out of Tel Aviv, Israel, and Tel Aviv University (TAU), says it is specifically looking to link with the Los Angeles technology community--thanks to its link with Los Angeles investor Behzad Kianmahd--co-founder of Cross Campus. READ MORE>>.
For the last week of the year, we're featuring the thoughts and reflections of some of the movers and shakers of Southern California's hightech community. The biggest impact on the LA tech scene in 2012 is the arrival of the accelerators and coworking spaces, which have helped drive LA's tech scene like never before.
For the last week of the year, we're featuring the thoughts and reflections of some of the movers and shakers of Southern California's hightech community. Paul Bricault is Managing Partner at Amplify LA (Www.amplify.la), a hands-on startup accelerator and co-working and community space in Venice. READ MORE>>.
Monday, August 20, 2012 -- Raise $1 Million for your Startup. His dad, Tim, is a venture capitalist and so is his grandfather, William who is credited for starting the venture capital industry in tech. They've funded some of the biggest names in HighTech over the last 50 years. It's in his blood.
Rad and Mateen are both hightech veterans, with Rad having previously founded Twitter advertising startup Ad.ly; Mateen was most recently founder of CoverCanvas. went on to raise venture funds from Greycroft Partners, GRP Partners, and Matt Coffin. READ MORE>>.
The coworking trend--which started in part in Southern California and its hightechstartup ecosystem--looks to be spreading East, with news this week that NextSpace has raised $500,000 and acquired a Chicago company, to establish its first coworking site outside of California.
I have long advised startup companies that if you don’t control your messaging somebody else will and your potential customers will form impressions of you shaped by somebody else or by nobody at all. My starting salary was $27,000. But they weren’t good enough for our problems – we were the tech rescuers.
Although Los Angeles has become a hub for the hightechstartup world, Surprisingly, one of the things which hasn't happened in the Los Angeles area is any huge, successful venture acceleration programs. Dan Dato: The quickest way to describe it is it's a Techstars-like, YCombinator-like startup accelerator.
In a long tradition of local companies tying the business of ticketing for various events into the online world, a new startup, LaughStub has quietly been establishing its place providing tickets for comedy clubs locally and nationwide. No details on the angel funding for LaughStub have been announced. READ MORE>>.
Technology veterans Tareq Risheq and Mark Thacker are no strangers to the world of hightechstartups and angel and venture capital--Risheq was formerly CEO of Celllynx, Thacker was co-founder at Datallegro--but the way they're funding their newest startup is unusual, and a testament to the growing popularity of crowdfunding.
My original thinking from Oct ’09 was, while I didn’t (and still don’t) have a crystal ball I worried that: consumers were over-stretched with debt (and make up 77% of the economy), unemployment would continue to rise, which in turn would drive the stock market south and cut the rate of M&A activity and VC investment even further.
Santa Monica-based TaskUs , the startup led by Bryce Maddock which is the secret weapon behind the rising tide of on-demand and Internet startups, has raised $15M in a funding round, the company disclosed today. The funding came from Phillipnes-based private equity investor Navegar.
Southern California--and particularly, Los Angeles--has always been a center of the music business, which makes it unsurprising that there are many, music-focused startups which end upstarting here. I then was recruited into a Silicon Valley startup, backed by Kleiner Perkins. It's just grown on its own.
Los Angeles area startups and would-be entrepreneurs were gathered Thursday as a part of the annual Twiistup technology conference, being held at the Skirball Center. The startup event--which continues until tonight--included keynotes by David Cohen of TechStars, Suneel Gupta of Groupon, Loic Le Meur of Seesmic, and many others.
Despite a perpetual belief that the presence of both hightech companies and Hollywood should be spawning out hundreds of entertainment and technology related startups, it actually happens much less than one might think. Did we miss your favorite tech company which wouldn't exist without Hollywood?
On the heels of the announcement this morning by Facebook that it has officially hit 500 million users, socalTECH has mined its database of hightech companies , and identified a few of the firms here in Southern California hoping to ride Facebook's coat-tails to success and fortune. Headed by Ian Swanson. Let us know!
In my years of advising startups and occasional investing, I’ve seen many great ideas start and fail, but the right team always seems to make good things happen, even without the ultimate idea. You need to have a technical genius on the team to get your startup product off the ground. The sales professional.
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.
One of the biggest complaints you hear from both entrepreneurs and investors in Los Angeles, is the lack of a credible, visible startup accelerator in the Los Angeles area. We caught up with Erik to hear more about MuckerLab, and its efforts to grow the Los Angeles technology ecosystem. Erik, thanks for the time.
Every year, we feature the year end reflections of founders, CEOs, investors, sposors, and others in Southern California's hightech community. What are you most looking forward to in the technology/startup world in 2021? We've been posting these throughout the next two weeks.
Los Angeles-based Cheers , the new startup from Bizrate founder Farhad Mohit, disclosed Tuesday afternoon that it has raised $2.5M The funding came from MindFund, Charles River Ventures, Trinity Ventures, Naval Ravikant, as well as others. p>Is the world short in happiness and joy--and how can a mobile app change that?
A new lawsuit, targeting Venice, California-based Snapchat --the hottest company to emerge out of the area''s hightechstartup cluster in recent years--says that the company''s founders stole the idea for the company from him after forcing him out of the company early on in its history. READ MORE>>.
From the conversation gathered around the pool from the movers and shakers of the industry, it seems that--despite the buzz, energy, and activity in the region around startups, there's still some wariness by investors that the industry not over-hype and over-promote what's happening in the area.
OCTANe , the Orange County-based organization helping to bolster the hightech industry and entrepreneurs, reported this morning that in the first half of 2012, companies participating in its startup accelerator have raised a total of $26.8M in funding.
Philz Coffee , the Silicon Valley coffee chain which has been in a massive expansion in Southern California in the last few months, announced on Tuesday a $45M Series C funding round. As part of the funding, Jim COulter and Sanjay Banker, both of TPG, join the company's board. READ MORE>>.
There is so much written these days about how to attract investors that most entrepreneurs “assume” they need funding, and don’t even consider a plan for “bootstrapping,” or self-financing their startup. Need expensive resources up front. General startup expenses are beyond your means. You need specialized equipment.
For the last week of the year, we're featuring the thoughts and reflections of some of the movers and shakers of Southern California's hightech community. The most significant news for GRP Partners in 2012 was the first close of our 4th venture fund. Without this support we would have struggled. READ MORE>>.
Where HighTech Meets High Surf! An Evening To Meet Start-Up Entrepreneurs and the Organizations That Back Them. Where are the next generation of high-tech companies getting their start? Wednesday, March 24, 2010 -- ACG 101 Networking Event. See [link] (more).
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