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LegalZoom Sells $500M Secondary Stake To Private Equity Investors

socalTECH

Glendale-based LegalZoom , which provides legal services and documents for the small business and family market, announced on Tuesday that it has sold a $500M secondary stake in the company to a set of private equity investors. The secondary stock sale reportedly values LegalZoom at more than $2 billion. READ MORE>>.

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LA tech industry mourns Kobe Bryant

TechCrunch LA

Reports indicate that Bryant, his 13-year-old daughter Gianna Maria-Onore Bryant, and seven other passengers were on board a helicopter traveling to Bryant’s basketball training facility Mamba Academy. billion investment vehicle that was launched in partnership with the private equity fund, Permira, according to a report in USA Today.

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BAM Ventures, Led By Brian Lee, Seeks $50M In Third Fund

socalTECH

BAM Ventures , the venture capital investment firm founded by serial entrepreneur Brian Lee, is looking to raised $50M in a third venture capital fund, BAM Ventures III, L.P. BAM's prior fund, BAM Ventures II, was $20M, with the first fund, BAM Ventures I, worth $6M. READ MORE>>.

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LegalZoom Finds $66M From KPCB, IVP

socalTECH

The investment by Kleiner Perkins Caufield & Byers and Institutional Venture Partners into legal documents firm LegalZoom was worth $66M, according to a report today. LegalZoom, which is headed by Brian Lee, announced the investment from KPCB and IVP in April, but had not announced the amount of funding.

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SoCal Gets $739M In Venture Capital In Q2

socalTECH

Southern California companies raised $739M in venture capital in Q2 of 2011, according to the latest numbers from PricewaterhouseCoopers and the National Venture Capital Association (NVCA) based on data from Thomson Reuters. According to the MoneyTree report, released last night, Orange County led fundraising, with $319.3M

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Gumhouse, Linked with Science Inc., Raises $6M

socalTECH

That would be appear to be Gumhouse , which just raised $6M in a funding round, from such venture firms as Polaris Ventures, Science Inc. Gumhouse reported its funding via a regulatory filing, but has not yet detailed what the firm is up to otherwise. Gumhouse lists its Brian Lee (ShoeDazzle, LegalZoom), Mike Jones (Science Inc.),

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What Makes a Successful Startup Community? Is it Possible to Build One Where You Live?

Both Sides of the Table

Recently I wrote a post arguing to make the definition of a Startup more inclusive than that to which Silicon Valley, fueled by Venture Capital return profiles, would sometimes like to attach to the word. Elect 1-2 representatives and even invite a local VC to invest personally and sit on the investment committee or be an advisor.

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