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X1 Discovery Takes On Social Media Discovery

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Sharpening its focus on the electronic discovery market, Pasadena-based X1 , the enterprise search tools provider backed by Idealab, has split out a new company called X1 Discovery , headed by John Patzakis, the former President of eDiscovery at X1.

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Tweetup Ties Twitter Client To TweetPhoto

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Pasadena-based TweetUp , the Twitter advertising firm owned by Idealab, said today that it has linked its Twitter Client, Twidroyd, to the TweetPhoto media sharing service. The firm said it is among the "most used Twitter applications" across all platforms. TweetUp bought Twidroid in July. TweetUp bought Twidroid in July. READ MORE>>.

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Triptrotting Adds Golden Seeds, Boosts Round To $1.5M

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Los Angeles-based Triptrotting , the online site which helps connects travelers with other like-minded, local hosts, has boosted its funding round to $1.5M, and added angel investment group Golden Seeds. Triptrotting said th enew funding goes to further development of its platform, and for marketing. READ MORE>>.

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This Week in VC – Scott Painter, CEO of Zag & TrueCar

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Scott’s first big foray into industry-changing companies came with CarsDirect, an IdeaLab company where he was the initial founder & CEO. A social analytics platform for Facebook app developers and publishers that provides detailed demographic and engagement data. Total Raised: $21.4mm. See: TechCrunch. Kontagent. -A

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This Week in Venture Capital – Episode 2

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He’s behind IdeaLab and has created many interesting companies including innovating in solar energy ( eSolar ) and electric cars ( Aptera ). Overture never built the destination site to monetize from. So when Google started pushing AdSense (ads for affiliate or 3rd party sites) they had a HUGE cost advantage. Shazaam.

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This Week in VC with Jim Armstrong of Clearstone

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They were started in affiliation with IdeaLab and were the first-round lead in PayPal. Hyper-local, flash marketing platform connecting consumers with local business offers; super majority of offers are restaurant and personal services; competitor to Groupon. They’ve had a total of 12 deals that have IPO’d. LivingSocial.

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Interview with Rob Kramer, HipSwap

socalTECH

Rob Kramer, the firm's CEO, tells us about the inspiration behind the site, as well as its recent launch of what it calls a cross between Craiglist and Pinterest. Rob Kramer: My partner and I had been developing apps and platforms for year, and had been Craiglist and eBay users, but only reluctantly. It's a good group.

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