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In a very bold move, Venice-based Snapchat has apparently turned down a $3 billion acquisition offer from Facebook , according to a report today from the Wall Street Journal. READ MORE>>. snapchat merger acquisition exit facebook tencent mobile'
in venture capital investments in Q2 2013 across Southern California, spread across 80 deals. Those numbers reflected a drop from Q2 of last year, when there was $868.98M in investments across 97 deals. However, venture dollars invested were above Q1, when Southern California saw $569.1M in investments across 90 deals.
One of the hottest sectors in Southern California's hightech world in the last couple of years has been video--namely, Internet video and content creation. Other investors in the funding include Greycroft Partners , Bertelsmann Digital Media Investments , Advancit Capital, Allen DeBevoise, Ynon Kreiz , among others.
The coworking trend--which started in part in Southern California and its hightech startup ecosystem--looks to be spreading East, with news this week that NextSpace has raised $500,000 and acquired a Chicago company, to establish its first coworking site outside of California. READ MORE>>.
” I hear it when I visit LPs (the people who invest in VCs) all across the country, “Yeah, I haven’t been out there for a few years but I keep hearing that something is going on there.” They estimate that high-tech work contributes $108.3 They estimate that high-tech work contributes $108.3
Venice, California-based Snapchat has begun discussing an IPO with bankers, but has yet to select an investment bank to lead the effort, according to a report on Wednesday. Snapchat reportedly is looking at an IPO towards the end of this year or in early 2017.
It was the 10 th consecutive quarter that venture firms put at least $10 billion into startups and other high-tech companies, including a $3.5 Still, the amount invested marked a 12 percent drop from the $17.4 He said MoneyTree data shows the second quarter of 2015 as one of the biggest ever in terms of venture dollars invested.
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