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Beni Raises $5M For Secondhand Shopping Software

socalTECH

Santa Barbara-based Beni, a startup which lets users find and buy secondhand apparel and accessories, said this morning that it has raised $5M in funding. According to the company, the funding was spit between a seed round of $4M, and earlier pre-seed and seed funding.

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Curtail, Fresh Off $3.25M Funding, Names VPs

socalTECH

Santa Barbara-based Curtail , a new cybersecurity startup which recently landed $3.25M in funding, said this morning that it has named two VPs. Curtail recently raised $3.25M in a seed funding round from Tarus Capital. Curtail recently raised $3.25M in a seed funding round from Tarus Capital.

Funding 133
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Local Market Launch Scores $1.5M

socalTECH

Santa Barbara-based Local Market Launch , a new startup founded by former ValueClick founder Brian Coryat, said Tuesday that it has raised $1.5M in a Series A funding round. in funding, including an earlier seed funding. The round came from Rincon Venture Partners. The company said it has now raised $2.7M

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The Changing Venture Landscape

Both Sides of the Table

And as a result of this there are now very robust secondary markets where founders and seed-funds alike are selling down their ownership long before an ultimate exit. If we wanted to we could have sold > 2x the fund easily in the secondary markets with significant upside remaining. It’s just now that we’re Seed Investors.

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Interview with Winston Damarillo, Morphlabs

socalTECH

Earlier this month, his latest startup, El Segundo-based Morphlabs announced it had raised a Series B funding worth $5.5M. Morphlabs is a cloud computing company, part of a good cluster of firms that we now have in Southern California, including 3Tera in Orange County, and Eucalyptus in Santa Barbara. What's Morphlabs?

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VC Confessions: We Passed On Twilio’s Seed Round

InfoChachkie

For a high-volume seed fund that adds many portfolio companies every year (such as our friends at 500 Startups who invest in over 100 distinct companies annually), the cost of a bad affirmative decision (a false positive) is quite low, since it accounts for a relatively small portion of their total fund. Unicornless.