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Google Puts Support Behind Backstage Accelerator

socalTECH

Los Angeles-based Backstage Accelerator , the startup accelerator run by Backstage Capital, which seeks to support underrepresented founders, has received a big boost to its efforts today, after Google said that it will be supporting Backstage Accelerator to help it scale its efforts. READ MORE>>.

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Qualcomm Leads $14M Investment In Fon

socalTECH

San Diego-based wireless technology developer Qualcomm is the lead investor in a $14M round for Spanish Wi-fi sharing network operator Fon , the companies have announced. According to Fon, it raised $14M in a new financing round, led by Qualcomm Ventures, and also including Index Ventures, Google, Coral, Atomico and Deutsche Telekom (DT).

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YouTube's New Investments Aimed At Hollywood Creators

socalTECH

Google''s YouTube has created a huge upswing in content and media startups-and fortunes--in Los Angeles, with the rise of multi-channel networks. YouTube said that its earlier effort to fund multi-channel networks have resulted in eighty-six of those channels among the top 1 percent of its most popular content. READ MORE>>.

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Fullscreen Grabs $30M More For YouTube Network

socalTECH

Culver City-based Fullscreen , which operates a multi-channel youTube network, and is led by George Strompolos (formerly of YouTube/Google), has raised $30M in a new round of funding, according to reports today. fullscreen entertainment youtube network venture capital content studio hollywood' READ MORE>>.

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Playsino Releases First Two Network Titles

socalTECH

Santa Monica-based Playsino , the developer of social casino games, said Friday that it has released the first two games under its Publishing Network effort. Playsino is headed by Brock Pierce, a gaming industry veteran who has been heavily involved in investments and work with local startups.

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5 Due Diligence Tips Before You Invest In A Startup

Startup Professionals Musings

After you have heard a few startup success stories, like Google, Facebook, and Microsoft, you may be tempted to invest some money yourself, maybe by pooling your funds with other investors who claim to have a great track record. My advice is to leave the investing in startups to the professionals (or friends and fools).

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LA gets a big SaaS exit as Fastly nabs the Culver City-based Signal Sciences for $775M

TechCrunch LA

Los Angeles was always more than a one-industry town, even when it comes to technology startups, as media and entertainment (and social networking) were always the big draws in Tinseltown. Signal Sciences secures $35 million investment to protect web apps. Fastly was founded to meet developers’ need for greater visibility and control.