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ReachLocal Up 15 Percent After IPO

socalTECH

Woodland Hills-based ReachLocal , which helps small and local businesses place Internet advertising, was up 15.2 The firm, which is headed by Zorik Gordon, was venture backed by VantagePoint Venture Partners, Rho Ventures, Galleon Group, European Founders Fund, and others. percent after its IPO Thursday, closing at $14.98, up $1.98.

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OpenX Raises $20M More

socalTECH

Pasadena-based online advertising software firm OpenX has just raised a big, $20M funding round, according to a regulatory filing from the firm late Friday. The funding has not yet been announced by the company. The new round would bring the company's total raised up to around $50M, over four rounds of funding. READ MORE>>.

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LAVA Honors Richard Riordan, Local Technology Firms

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The group, which promotes the venture capital industry in the Los Angeles area, also honored local companies for their funding and exit activity. ShoeDazzle.com , the online e-commerce startup headed by Brian Lee and whose co-founders include Kim Kardashian, scored top honors in the Best venture funding in digital media/e-commerce category.

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This Week in VC with Jim Armstrong of Clearstone

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Clearstone currently invests out of a $200 million fund based in LA with offices in Menlo Park and in India. Segment Three: “VC Deals Funded this Week”. the funding and market coverage. It’s clear that many companies are going to need to understand “authority&# in the social media era. LivingSocial.

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Twiistup 6 Highlights

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We are a city unique in merging the world’s best content with digital media and technology expertise. In SoCal we are also leaders in affiliate marketing (Commission Junction), Internet video (Hulu) and bringing local businesses online (ReachLocal). Much of this was highlighted at Twiistup.

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Want to Start a Technology Company in LA?

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And we’re left with a city with idyllic weather, major commerce, the media center of the world, and a great emerging technology scene. Funding is different – In Silicon Valley you have mega venture capital funds and many of them. As a result many funds are OK with big bets. Los Angeles.

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Can You Really Build a Great Tech Firm Outside Silicon Valley?

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I’ve heard it many founders of VC backed companies in LA who tell me that in their NorCal VC meetings they are told, “we might be interested but we’d want you to relocate to the Bay Area if we funded you.&#. In my LA I often see computer screens open with entrepreneurs talking about digital media. Los Angeles.