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Rustic Canyon's Kim To Leave Firm

socalTECH

Michael Kim , a partner at Santa Monica-based Rustic Canyon Partners , is departing the firm at the end of the year to startup up a new fund-of-funds, Cendana Capital. Tags: rustic canyon venture capital michael executive cendana. Kim was based in Silicon Valley.

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Aspiration Gets $47M For Online Banking Efforts

socalTECH

Los Angeles-based Aspiration , and online banking startup which calls itself "the financial firm with a conscience", said on Tuesday that it has raised $47M in a Series B funding round. Aspiration lets users pay what they want in terms of fees they pay to the company. READ MORE>>.

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Science Inc. Gets $30M From Hearst

socalTECH

the technology startup incubator and studio headed by former MySpace CEO Michael Jones, has raised around $30M in funding from Hearst Ventures , the venture capital arm of Hearst Corporation, Hearst said this morning. Science is the startup behind such local startups as DollarShaveClub, EventUp, DogVacay, Ellie, Uncovet, and Wittlebee.

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Venture Funding in Green Technologies

SoCal Tech Calendar

Tuesday, December 14, 2010 -- Venture Funding in Green Technologies. LAVA special event focused on Green Tech companies and Green Tech investing. Moderated by John Babcock, Partner, Rustic Canyon Partners. Moderated by John Babcock, Partner, Rustic Canyon Partners. Parry, Managing Director, NGEN.

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Science, Headed by Mike Jones, To Launch Digital Startups

socalTECH

a new, Santa Monica based company headed by former Myspace CEO Mike Jones , announced this morning that it has scored capital and funding, and is building a "technology studio" to develop new businesses, provide them with advice, and provide them with funding. > Science, Inc. ,

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LA Startups Gather At Twiistup

socalTECH

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.

Twiistup 171
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What’s Really Going on in the VC Industry? What Does it Mean for Startups?

Both Sides of the Table

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. So the people who invest in VC funds have two problems.