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Kinetic Traction Systems, With VC Backing, Takes On Mass Transit Energy Storage

socalTECH

Chatsworth-based Kinetic Traction Systems , a new startup headed by former Pentadyne Power COO Richard Newark, said today that it has launched the firm, and is looking to apply flywheel energy storage to the mass transit and rail market. READ MORE>>.

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Leads360 Ties Into Allstate

socalTECH

Los Angeles-based Leads360 , a developer of Internet leads management software, reported earlier this week that the firm has partnered with firm Quote Burst to allow Allstate agents to receive, quote, follow-up, and track new sales leads. Leads360 is venture backed by Rustic Canyon Partners. READ MORE>>.

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Docstoc Hires Two Execs

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Santa Monica-based business document sharing site Docstoc.com has made two executives hires, saying Wednesday that it has hired Robyn Ward as Vice President of Business Development, and Serena Ehrlich as Director of Marketing. Docstoc is venture backed by Rustic Canyon Ventures. READ MORE>>

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Three Epic Startup Battles With SoCal Players

socalTECH

Whoever wins, these are some of the local firms in interesting markets--and their tough, well-backed head-to-head competition--worth watching. Backers: Rustic Canyon Partners, Scott Walcheck, Brett Brewer, Robin Richards, Matt Coffin. The firm is headed by Adam Bernhard , a veteran of the fashion sales industry.

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What’s Really Going on in the VC Industry? What Does it Mean for Startups?

Both Sides of the Table

But VC is an “illiquid asset&# so funds didn’t disappear quickly - In 2000/01 the stock market quickly adjusted punishing investors in the NASDAQ and in individual public technology stocks. What accelerated this was the collapse of the public stock markets. PE Hub reported that there were mass defections.

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This Week in Venture Capital – Episode 4

Both Sides of the Table

This week’s guest was David Travers from Rustic Canyon Partners. Rustic Canyon is an LA-based, but geography-agnostic VC that is currently investing from a $200 million fund. It is a platform to help brands building viral marketing campaigns. Enter ShoeDazzle. I think of it as Columbia House meets Zara.

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Docstoc's Jason Nazar Talks About DocStore

socalTECH

This is a really big, $50 million business at least, and we really want to own the market. It's something like between $50M and $100M in sales per year. We finished a financing for a total of $4M recently, with top folks like Mike Jones, Brett Brewer, Kamran Pourzanjani, Matt Coffin, Robert Richards, and of course Rustic Canyon.