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GoPro Plans IPO, Says Report

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GoPro , the maker of the popular, wearable, waterproof, sports action cameras for consumers, is planning an IPO, says a report Tuesday afternoon from Reuters. The report-- citing sources near to the company --said that GoPro has hired JPMorgan Chase, Citigroup, and Barclays Plc to manage the offering.

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Sometrics Acquired By American Express, Says Report

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The value of the deal was $30M, according to the report from TechCrunch. Sometrics had raised over $5.25M in funding from Big Sky Ventures, Greycroft Partners, Mailroom Fund, and Steamboat Ventures. READ MORE>>.

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Report: Move Networks Shuts Down, Seeking Sale

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Streaming video technology firm Move Networks --which apparently moved to Irvine sometime over the last year from Utah after a management shakeout--is reportedly shutting down, and by some reports is now looking for a buyer. Comcast Interactive Capital, Hummer Winblad Venture Partners, Microsoft Corp., and Steamboat Ventures.

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EdgeCast Doubles Revenues, Tops 225 Employees

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The privately held firm did not disclose its revenues, however, the firm has previously been reported to have had revenues of between $50-100M in revenues in 2011, and $15-20M in revenues in 2009. EdgeCast has announced only a total of$20M in funding, from Menlo Ventures and Steamboat Ventures. READ MORE>>.

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GoPro, With SoCal Ties, Files For IPO

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The firm''s founder, Nicholas Woodman, is a graduate of UC San Diego, and came up with the idea for the company while surfing off of San Diego; the company''s investors also include Steamboat Ventures--the venture arm of Walt Disney--which looks to own something around 3 percent of the company. READ MORE>>.

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Steamboat Backs Camera Maker GoPro

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Burbank-based Steamboat Ventures , the venture capital arm of the Walt Disney Company, has backed Woodman Labs the parent firm of sports camera maker GoPro. The WSJ first reported the investment Wednesday. Financial details of the investment were not disclosed.

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Sometrics Signs Gaming Site

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Los Angeles-based Sometrics , a developer of analytics tools for online game developers, reported recently that it has signed on gaming site Ijji.com as a customer. Sometrics is venture backed by Steamboat Ventures, The Mail Room Fund, AT&T, and Greycroft Partners. Financial details of the deal were not disclosed.

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