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Savings.com Deal Worth $100M+

socalTECH

The acquisition price is a healthy return for the investors in Loren Bendele's company, which include U.S. Venture Partners and Rustic Canyon Venture Partners, which invested around a total of $12M in Savings.com. Savings.com is a provider of online coupons and deal information.

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Leads360 Uses Algorithms To Automate Sales Prioritization

socalTECH

Pricing on the new product were not announced. Leads360 is led by Nick Hedges; the firm is venture backed by Rustic Canyon Partners and Volition Capital. The firm says its algorithms instead assign more leads to sales reps that are skilled at converting particular lead types, based on their historical performance.

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Leads360 Wins Automobile Insurance Firm

socalTECH

According to Leads360, Infinity's independent agents will have access to its lead management software and services at a reduced price. Leads360 is venture backed by Rustic Canyon Partners, and headed by former Overture Services CIO Dan Morefield. Financial impact of the win was not disclosed. READ MORE>>.

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Leads360 Launches Leads Prioritization Product

socalTECH

Pricing on the new product was not announced by the company. Leads360 was founded by Jeff Solomon, and is backed by Rustic Canyon Partners. According to the company, the new product automatically ranks and prioritizes leads, based on custom business rules defined by its customers. READ MORE>>.

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Leads360 Targets Zillow

socalTECH

According to Leads360, it has teamed up with loan pricing firm LoanSifter to help mortgage professionals using Zillow's Mortgage Marketplace. Pricing and details on the new offering were not released. Leads360 is venture backed by Rustic Canyon Partners.

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The Perfect Pitch 2009

SoCal Tech Calendar

See [link] (more).

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

Both Sides of the Table

I suspect both were at play in Rustic Canyon Partners that went from a $500 million fund to around a $200 million fund. There are some very talented partners remaining at Rustic Canyon and I’m told some committed LPs. Price MUST be in a certain range. PE Hub reported that there were mass defections.