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LAUNCH Conference Prize Money Hits $151K

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The prize money for Jason Calacanis' LAUNCH Festival technology conference has hit $151,000, after early stage venture investor Venture51 agreed to invest $51,000 in the winner of the conference's "Best in Show" award. Mahalo is based in Santa Monica. The conference is being held in March in San Francisco. READ MORE>>.

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Calacanis Expands Campaign Against Pitching Fees

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Jason Calacanis, the CEO of Santa Monica-based Mahalo , is continuing his crusade against angel groups and others who charge startups to pitch their groups, saying that he's now calling on groups to stop charging fees, and post what fees they were charging to entrepreneurs on their web sites.

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Calacanis: First Angels In New Angel Group

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Jason Calacanis , CEO of Santa Monica-based Internet search site Mahalo , has signed on several angels for his new angel group, the Open Angel Forum - Los Angeles. Tags: jason calacanis mahalo angel investment venture capital keiretsu forum openangel executive.

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Eight Repeat Entrepreneurs To Watch In SoCal

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Demand Media / Richard Rosenblatt / Los Angeles - Rosenblatt's last big win: MySpace, where he was Chairman, brokering its sale to News Corp. Rumored to be prepping for an IPO, just inked a deal to launch a new beauty and fashion site with Tyra Banks. Tags: entrepreneur startup venture capital investment repeat.

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MySpace, Ad.ly Link On In-Stream Advertising

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Los Angeles-based MySpace and startup Ad.ly , also based in LA, said today that they have linked in an in-stream advertising deal. MySpace said that beginning today, publishers on the site can create a profile and control what messages they would like to insert into their activity stream. According to MySpace, it will use Ad.ly

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This Week in VC with Dana Settle of Greycroft Partners

Both Sides of the Table

Our guest this week on #TWiVC was Dana Settle , partner at Greycroft Partners , a venture capital firm with offices in New York and Los Angeles. Gilt Group is currently the largest private sale web site in US. Read more: VentureWire (requires login) , Mahalo Profile Page. Note that I’m not defining who numbers 1,2 are.