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LegalZoom Sells $500M Secondary Stake To Private Equity Investors

socalTECH

Glendale-based LegalZoom , which provides legal services and documents for the small business and family market, announced on Tuesday that it has sold a $500M secondary stake in the company to a set of private equity investors. The secondary stock sale reportedly values LegalZoom at more than $2 billion. READ MORE>>.

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BAM Ventures, Led By Brian Lee, Seeks $50M In Third Fund

socalTECH

BAM Ventures , the venture capital investment firm founded by serial entrepreneur Brian Lee, is looking to raised $50M in a third venture capital fund, BAM Ventures III, L.P. Lee--best known for co-founding LegalZoom, as well as Shoedazzle--has been making investments from his own funds for a number of years. READ MORE>>.

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LegalZoom Finds $66M From KPCB, IVP

socalTECH

The investment by Kleiner Perkins Caufield & Byers and Institutional Venture Partners into legal documents firm LegalZoom was worth $66M, according to a report today. LegalZoom, which is headed by Brian Lee, announced the investment from KPCB and IVP in April, but had not announced the amount of funding.

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LA tech industry mourns Kobe Bryant

TechCrunch LA

Reports indicate that Bryant, his 13-year-old daughter Gianna Maria-Onore Bryant, and seven other passengers were on board a helicopter traveling to Bryant’s basketball training facility Mamba Academy. billion investment vehicle that was launched in partnership with the private equity fund, Permira, according to a report in USA Today.

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Gumhouse, Linked with Science Inc., Raises $6M

socalTECH

That would be appear to be Gumhouse , which just raised $6M in a funding round, from such venture firms as Polaris Ventures, Science Inc. Gumhouse reported its funding via a regulatory filing, but has not yet detailed what the firm is up to otherwise. Gumhouse lists its Brian Lee (ShoeDazzle, LegalZoom), Mike Jones (Science Inc.),

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SoCal Gets $739M In Venture Capital In Q2

socalTECH

According to the MoneyTree report, released last night, Orange County led fundraising, with $319.3M in funding, and San Diego $198.18M in investments. Investments were slightly down from Q2 of 2010, when the region saw $856M in funding. Both of those fundings significantly boosted the totals for Orange County.

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What Makes a Successful Startup Community? Is it Possible to Build One Where You Live?

Both Sides of the Table

My suggestion is to get some of the angel groups – notorious for slow decision-making and hat passing – and pool their money into a small fund structure of say $5-10 million. Actually, there is tons of wealth in San Diego but it isn’t organized well to support them. The key it to have “realistic capital.”

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