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This Week in Venture Capital – Episode 2

Both Sides of the Table

I was on This Week in Venture Capital (TWiVC) again this week with Jason Calacanis. Bill Gross is the man responsible for the overwhelming amount of monetization on the web. 6mm in Series B - Benchmark Capital ( Bob Kagle ); with participation from insiders New Atlantic Ventures and angels Ron Conway and Ed Scott.

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Hollywood Interactive Gets $5M

socalTECH

Hollywood Interactive Group, which develops an online web site for celebrity and entertainment news, said Thursday that it has raised $5M in a Series A funding round. The roudn came from BlueRun Ventures. MyHollywood.com includes a massively multiplayer online game called the "Red Carpet Game" focused on a "virtual Hollywood."

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5th Kind Scores Private Equity Investment

socalTECH

5th Kind, a developer of workflow management software for Hollywood studios, has scored an investment from private equity investor HCAP Partners. According to HCAP, the investment capital will go to fund growth initiatives for 5th Kind. Size of the investment was not announced.

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Ranker Hits 1M Uniques

socalTECH

Hollywood-based Ranker , the online startup headed by Clark Benson, said today that it is now seeing over 1 million unique monthly visitors to its web site. Benson was the founder of eCrush, which he sold to Hearst in 2006; Ranker is backed by Benson, Siemer Venture Capital, and the Tech Coast Angels. READ MORE>>.

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Silicon Beach Fest Hollywood, LA Tech Summit, and Idea to Screen | Why You Need to Attend Any or All

Tech Zulu Event

Hard to believe another Digital LA Silicon Beach Fest Hollywood is happening this week back-to-back with the new LA Tech Summit produced by Cornerstone. LA Tech Summit takes place the following day and takes a more comprehensive look at the entire tech eco-system in Los Angeles, not just Hollywood.

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CitizenGlobal Lands $6.0M

socalTECH

Venice-based CitizenGlobal , an online web site which allows producers to crowd-source video content, has raised $6.0M The firm--which says it is currently in beta--is headed by Paul Lussier, who is the author of Last Refuge of Scoundrels and a Hollywood producer. in a funding round, according to a regulatory filing by the firm Friday.

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My Damn Channel Links With Fox

socalTECH

Los Angeles-based My Damn Channel , the online original video site run by Rob Barnett, said Thursday that it has been selected by Fox as a premium distribution partner for the network's original web series. My Damn Channel is venture backed by Okapi Venture Capital. Financial details on the partnership were not disclosed.

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