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PayDragon Reveals $1.35M Seed Funding For Mobile Payments

socalTECH

Los Angeles-based PayDragon has raised $1.35M in its seed funding, the firm disclosed Friday. The firm--which had earlier disclosed the seed roudn , but without dollar amounts--said the funding included Rustic Canyon Ventures, SV Angel, and Y Combinator, as well as Yuri Milner and Mark Schwartz.

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

Both Sides of the Table

The VC industry grew dramatically as a result of the Internet bubble - Before the Internet bubble the people who invested in VC funds (called LPs or Limited Partners) put about $50 billion into the industry and by 2001 this had grown precipitously to around $250 billion. What accelerated this was the collapse of the public stock markets.

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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. Read more: PEHub.

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Interview with Brian Garrett, Crosscut Ventures

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The fund is just celebrated its first year in business, so we thought we'd catch up with Brian to hear more about what the firm is investing in, the challenges of raising a venture fund in this market, plus his view on the Los Angeles venture market. Let's start with an overview of the fund. What do you invest in?