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Beni Raises $5M For Secondhand Shopping Software

socalTECH

Santa Barbara-based Beni, a startup which lets users find and buy secondhand apparel and accessories, said this morning that it has raised $5M in funding. According to the company, the funding was spit between a seed round of $4M, and earlier pre-seed and seed funding.

Software 113
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Curtail, Fresh Off $3.25M Funding, Names VPs

socalTECH

Santa Barbara-based Curtail , a new cybersecurity startup which recently landed $3.25M in funding, said this morning that it has named two VPs. Curtail recently raised $3.25M in a seed funding round from Tarus Capital. Curtail recently raised $3.25M in a seed funding round from Tarus Capital.

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Local Market Launch Scores $1.5M

socalTECH

Santa Barbara-based Local Market Launch , a new startup founded by former ValueClick founder Brian Coryat, said Tuesday that it has raised $1.5M in a Series A funding round. in funding, including an earlier seed funding. The round came from Rincon Venture Partners. The company said it has now raised $2.7M

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The Changing Venture Landscape

Both Sides of the Table

And as a result of this there are now very robust secondary markets where founders and seed-funds alike are selling down their ownership long before an ultimate exit. It’s just now that we’re Seed Investors. We can’t wait for customers to use the product for 12–18 months and do customer interviews or look at purchase cohorts.

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Interview with Winston Damarillo, Morphlabs

socalTECH

Morphlabs is a cloud computing company, part of a good cluster of firms that we now have in Southern California, including 3Tera in Orange County, and Eucalyptus in Santa Barbara. The company is about three years old, and we had our first product initially in Japan. earlier this year, and then got it funded, raising about $5.5

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VC Confessions: We Passed On Twilio’s Seed Round

InfoChachkie

For a high-volume seed fund that adds many portfolio companies every year (such as our friends at 500 Startups who invest in over 100 distinct companies annually), the cost of a bad affirmative decision (a false positive) is quite low, since it accounts for a relatively small portion of their total fund.