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Internet Brands Acquired By KKR

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El Segundo-based Internet Brands said this morning that it is being acquired by private equity firm KKR , from its current owners, Hellman & Friedman and JMI Equity. Hellman & Friedman and JMI Equity had acquired Internet Brands back in 2010, paying $640M for the company. READ MORE>>.

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March Capital Partners Launches $240M Venture Fund

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Santa Monica-based March Capital Partners , the venture capital investment firm founded by venture investment veterans Jim Armstrong, Sumant Mandal, Gregory Milken and Jamie Montgomery, said this morning that it has had a final close on its first fund, at $240M. READ MORE>>.

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First Round Capital Rolls Its Own Startup Exchange Fund

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Venture capital firm First Round Capital , the early stage venture fund whose Managing Directors include Idealab's Howard Morgan , said last night that it has created its own startup exchange fund, a fund which allows the founders of the firm's various startups to diversify their investments and share in the success of the company's portfolio.

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Interview with Fouad ElNaggar, Redpoint Ventures

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To hear about the firm's interest in Los Angeles, and Southern California investments in general, we spoke with Fouad ElNaggar , Principal at the firm, to hear about where the firm is nowadays and what kind of investments it is making locally. We can also write checks as large as $35M out of the Omega Fund.

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Rustic Canyon Sells Positions In Portfolio

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San Francisco-based investment firm Saints Capital , and Los Angeles-based venture capital firm Rustic Canyon Partners said Tuesday that they have formed a new fund, Saints Rustic Canyon, L.P., Among the firms sold by Rustic Canyon were Southern California portfolio firms Cooking.com, Internet Brands, and US Renewables Group.

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This Week in VC – Scott Painter, CEO of Zag & TrueCar

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Scott left the company, which eventually IPO’d and became Internet Brands. But more importantly we talked in the video about fund raising and how Scott has become so efficient at it. Used by hedge funds, the intelligence community and multiple government agencies. Current round: $11mm Series-B led by Accel.

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Your Product Needs to be 10x Better than the Competition to Win. Here’s Why:

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And when I say this I don’t mean they funded billion dollar companies – they literally created them. Some IdeaLab successes / brand names aside from Overture & CitySearch? Cars Direct / Internet Brands. Shopping.com. The Wedding Channel. Commission Junction. Insider Pages. They are very hands on.