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Guardian Circle Adds Peter Diamandis As Advisor

socalTECH

Marina Del Rey-based startup Guardian Circle , the developer of a social-based system and app that helps people summon help from their friends, said last week that it has added futurist Peter Diamandis as an advisor as part of a "token sale" the company is running. READ MORE>>.

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Calacanis Threatens To Sue Arrington Over TechCrunch Acquisition

socalTECH

Jason Calacanis , the CEO of Santa Monica-based Mahalo.com, is threatening to sue TechCrunch , over TechCrunch's sale to AOL last month, claiming breach of fiduciary duty and constructive fraud. Tags: jason calacanis arrington mahalo legal lawsuit techcrunch. The legal letter and documents were posted by TechCrunch early this morning.

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Calacanis Drops TechCrunch50 Lawsuit

socalTECH

Calacanis had sued Arrington in November, over his sale of TechCrunch to AOL, claiming that he was due a piece of the proceeds due to his joint venture TechCrunch50. The news comes on the same day it was reported that Mahalo made a 10 percent cut to its staff, due to Google's recent search ranking changes.

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Calacanis Pits LAUNCH Conference Against TechCrunch Disrupt

socalTECH

Calacanis is in the process of suing Arrington over the sale of TechCrunch and its corresponding new conference, TechCrunch Disrupt. Calacanis, in his email, said "Mike took TechCrunch50 and re-branded it as TechCrunch Disrupt, and a valuable property I created and owned half of became part of a sale to Aol.

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Eight Repeat Entrepreneurs To Watch In SoCal

socalTECH

Demand Media / Richard Rosenblatt / Los Angeles - Rosenblatt's last big win: MySpace, where he was Chairman, brokering its sale to News Corp. Mahalo / Jason Calacanis - Calacanis, often known better in Silicon Valley than Southern California, had his last success in Weblogs, Inc., which he sold to AOL.

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This Week in VC with Dana Settle of Greycroft Partners

Both Sides of the Table

The “private sale” market phenomenon was started in France by Vente-Privee (literally means “private sale”) and was replicated in Germany by BrandsforFriends. Gilt Group is currently the largest private sale web site in US. Read more: VentureWire (requires login) , Mahalo Profile Page. Time will tell.

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Startup Weekend LA | Recap February 2012

Tech Zulu Event

Saturday evening came to a “closing” with the Coloft tradition of the famous scene from Glengarry Glen Ross where Alec Baldwin defines the meaning of “closing” while he gives a nearly Oscar winning sales talk to motivate his staff. As Avesta Rasouli, SWLA Co-organizer and Founder of Coloft says, “Go sell something! Coffee is for closers!”

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