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Between 1999–2005 the costs went down by 90% and between 2005–2010 they went down a further 90%. million and my A Round in 2005 was only $500,000 (and that’s all I ever raised). The reality is that as a result of two major trends the costs of starting a technology startup went down massively.
Damarillo is behind a number of successful firms based on open source, the most notable of which was Gluecode, which he sold to IBM in 2005. MaestroDev lists venture capitalist Leo Spiegel, of Mission Ventures, as a board member; Damarillo serves as Chairman. He's currently heading up Morphlabs , which shares the same address as MaestroDev.
Stickam had been founded in 2005. Reason for the shutdown was not disclosed. The Los Angeles-based company said that it "did everything we could to keep this dream alive", but was "sad to have to say goodbye." Last August, the company had announced a VIP membership program, which charged users $39.99
The company has been working since 2005 to commercialize technology in SpaceShipOne for space tourism. In an actual flight, the SpaceShipTwo will power itself into space, and later return by gliding back to earth. Virgin Galactic''s design is based on the first, commercial vehicle to reach space, the SpaceShipOne. READ MORE>>.
Scripps bought Shopzilla in 2005 for $525M. The firms said that Symphony Technology Group would continue and accelerate the growth of Shopzilla. Scripps said that Shopzilla's "mission and future trajectory diverge" from the firm's focus on lifestyle media brands. READ MORE>>.
Pourzanjani founded PriceGrabber and sold it to Experian in 2005 for $485M, and is among one of the active angel investors in Los Angeles. According to ELC Technologies, Rahmat takes the helm of ELC. ELC is known for its cloud computing applications development, and Ruby On Rails development. He currently heads up BestCovery.com.
Idun has been acquired by Pfizer in 2005. who also was CEO of Idun Pharmaceuticals when it was acquired by Pfizer in 2005. The firm said it plans to continue working on developing treatments for liver disease and oncology. Conatus' lead compound is a drug for treating the hepatitis C virus. The company is headed by Steven J.
Coffin's last startup, LowerMyBills, was sold to Experian Interactive in 2005 for $330M plus earnout; he is also an active angel investor in Southern California, with stakes in ThisWeekIn, Ad.ly, Rubicon Project, Docstoc, and other prominent local Internet firms. Split Rock was the venture firm which backed LowerMyBills.
Internet giant Google said Friday that it will be shutting down web analytics service Urchin , the onetime San Diego startup which had been acquired by Google in April of 2005.
Lucas is Founding Managing Member at RWI Group, which was an investor in DexCom before the firm's IPO in 2005. San Diego-based DexCom , a developer of continuous glucose monitoring systems, said Monday afternoon that Donald A. Lucas has resigned from the firm's board of directors.
Damarillo sold Gluecode in 2005 to IBM. MaestroDev develops software used to automate building and deploying applications to the private cloud, and is the latest startup of Winston Damarillo, the founder of Simula Labs, LogicBlaze, and Gluecode. READ MORE>>.
FamilyFinds.com is focusing in on deals on services and experiences for families, and is the latest venture for Matt Coffin, who sold his last firm, LowerMyBills.com, to Experian back in 2005 for over $330M.
Gross was the co-founder of Fastclick, which he took IPO in 2005, and was eventually sold to ValueClick. Connexity is headed by Dave Gross, the former CEO of FastClick and Celerus Diagnostics, and investor at Persistence Partners. READ MORE>>.
acquired IGN in September of 2005, for $650M. Those numbers--and the story--seems to be almost an exact repeat of the story behind MySpace , which--also in 2005, in July--was acquired by News Corp. That deals loooks to be worth around $100M, based on reports from the WSJ. in a $580M deal.
Steuer was most recently CEO of MerchEngines, which he founded in 2005; he also has served at MusicNet (acquired by Real Networks), CNET (acquired by CBS), Infoseek (acquired by Disney), Xoom.com (acquired by NBC), and ZeroDegrees (acquired by IAC).
Those facilities had been acquired by BAE Systems in June of 2005, through its acquisition of United Defense, Inc. Financial terms of the sale were not disclosed. According to the two companies, CoorsTek has acquired three facilities in Vista, totaling 106,000 square feet.
In a statement released yesterday, Goldin said the company founded in 2005 as Intellisis and now known as KnuEdge set out “to create technologies that will in essence alter how humans interact with machines, and enable next-generation computing capabilities.”
Peixoto has been in the position since 2005, having previously been President and CEO of United Cinemas International. Los Angeles-based RealD , the developer of 3D movie projection technology, said Wednesday that Joe Peixoto, the company''s President, Worldwide Cinema, is retiring in March. The company said it will not replace Peixoto.
This week's release of a list of their "Top 100" venture capitalists by AlwaysOn -- based roughly on number and dollar amount of successful M&A and IPO deals between October 1, 2005 to September 30, 2009--seems to have skipped local Southern California venture capitalists, with only one Southern California VCs listed.
Sawtell was SVP and GM of the firm's Sales and Advertiser Services business unit, and also has been President and COO from 2000 to 2005. Sawtell replaces Bruce Crair, who the firm said is leaving the firm to pursue other opportunities. Sawtell recently re-joined Local.com after serving as founder and CEO of DigitalPost Interactive.
Upcoming.org , an online service which was started in Los Angeles, and acquired by Yahoo in 2005, is shutting down, according to Yahoo in an announcement over the weekend. Deals, SMS alerts, Yahoo Kids, and more.
Student of Fortune was founded in 2005. The acquisition of Student of Fortune is the second, major acquisition of a Los Angeles-based homework site by Chegg in the last year; Chegg acquired fellow Los Angeles homework help site Cramster in December. Chegg said that Student of Fortune already is used by more than 300,000 students.
ValueClick acquired its Web Clients business in 2005 for approximately $141M. Name of the buyer was not disclosed. ValueClick said the move is part of a strategy to grow its core online marketing services and technology. READ MORE>>.
SAIL focuses all of its investments on clean energy related companies, and first invested in Ice Energy back in 2005. SAIL joined TIAA-CREF, Energy Capital Partners, Good Energies, and Second Avenue Partners in the funding.
The patent was originally filed in October of 2005. That technology provides information like phone type, geographic location, and other data as part of two-factor authentication processes. Inventors on TeleSign's patent were Schlomo Gonen, Jonathan Gonen, Alon Gonen, and Danny Rosen. READ MORE>>.
Dusig and Lavin started United Sample in 2008, a few years after selling goZing to Greenfield Online in 2005. Encino-based United Sample , the online polling and sampling firm headed by former goZing founders Matt Dusig and Gregg Lavin , has renamed itself uSamp , the firm said Tuesday. READ MORE>>.
Oppegard was previously Corporate Controller at the company, and has been at the firm since 2005. Santa Ana-based SRS Labs , the developer of surround sound and other audio technology, said this morning that it has named Maria Oppegard its Chief Accounting Officer. READ MORE>>.
Sonos started shipping its systems in 2005. Santa Barbara-based Sonos , the maker of user-friendly, wireless music systems, reports this morning that it has now deployed its systems into more than one million rooms.
These two trends had a major impact on the computing industry from 2000-2005 but the effects weren’t yet felt by the VC industry. Every startup I knew in 2005 (when I started my second company) was using this. The Emergence of “Open Cloud&# Infrastructure.
According to Amgen, Peacock joins from Novartis Pharmaceuticals AG, where he was CFO and Administrative Officer since 2005, and also has served at McKinsey and COmpany and Price Waterhouse. Peacock replaces Michael A. Kelly, who has been acting CFO since May. Peacock reports to CEO and Chairman Kevin W. READ MORE>>.
Robertson launched MP3tunes in 2005. MP3tunes offers up an online service where users could upload their own, personal MP3 files, and then stream those files to their PC, smartphone, and other devices. The firm's services have recently been replicated by companies such as Amazon and Google. Robertson and MP3tunes were sued by EMI in 2008.
Split Rock was an investor in LowerMyBills, which Coffin sold to Experian in 2005 for $380M. Split Rock, which is based in Minneapolis, said that Coffin will work with the firm to identify promising investment opportunities, as well as to help advise its existing portfolio companies.
EA Mobile came out of EA's acquisition of Los Angeles based Jamdat in 2005. Amazon said the new software development kit program from the firm will be offered as a limited beta to interested developers late last night. READ MORE>>.
The firm, which was then based in Calabasas, moved out of the area in 2005, taking with it hundreds of jobs. Tekelec had started in Southern California back in 1978, and had been a onetime technology darling when it had its IPO back in 1986. The firm has since been in Morrisville, North Carolina.
Modesat was founded in 2005 in Estonia, and develops backhaul modem solutions for microwave, E-band and NLOS (non-line of sight) markets. Modesat , a developer of wireless backhaul communications chips and products, which has its North American operations headquartered in San Diego, has been acquired by Xilinx , the two said today.
Mohit sold Shopzilla in 2005 for $569M. Mohit has launched Cheers , an iPhone and iPad app which the firm says helps "people express love and appreciation" for anything. According to Cheers, the service allows anyone to snap a picture, add some workd, and share appreciation for anything to anyone. Cheers is based in Los Angeles.
Scripps for $525M in 2005. Mohit is one of the pioneers of the Southern California high tech industry, having founded Bizrate back in 1995, based on his thesis at Wharton. Bizrate eventually became Shopzilla, and was acquired by E.W. Cheers launched last February. READ MORE>>.
Emrani has been at Logicube since 2005, and was most recently EVP and COO. Chatsworth-based Logicube , which develops hard drive duplication technology, announced this morning that it has named Farid Emrani as its new President and CEO. Emrani replaces Jack Schuster, the firm's Chairman, President, and CEO, who is retiring.
by Mike Andrews; the firm was acquired by Swiss firm Mount10 in 2005. The firm said it outgrew its original location, and came along with new ownership and a 20 percent increase in its staff. NovaStor is managed by here in the U.S. READ MORE>>.
The new funding round comes over twelve years since its initial Series A funding, back in 2005, when the company spun out its technology from UC Irvine. The company said the funds will go to bring its first products to market and to accelerate commercialization of its technology. READ MORE>>.
Coffin sold his last company, LowerMyBills, in 2005 for $330M; Winebaum sold Business.com for $345M in 2007. The offer puts together two of Southern California's most watched entrepreneurs--FamilyFinds.com is. headed by LowerMyBills.com founder Matt Coffin, and Brighter is headed by Jake Winebaum, of Business.com. READ MORE>>.
The report also tallied six companies having IPOs, the most since 2005; those firms included RealD, Cornerstone OnDemand, Demand Media, ReachLocal and Inphi Corp. During 2011, the analysis identified 73 exits by companies, with an average value of approximately $106M.
Pourzanjani was CEO of Pricegrabber.com until its $485M purchase by Experian in 2005. The new widget ties its expert reviews alongside content from Pricegrabber, which recommends those products based on the expert's pick. Bestcovery was started in 2008, and has 8 employees. Bestcovery launched in November of last year. READ MORE>>.
Damarillo is known for founding GlueCode, which he sold to IBM in 2005, Logicblaze, which he sold to Iona Technologies in 2007, and for founding Webtide, which was sold to Intalio in 2009. Morphlabs also said it anticipates additional funding announcements before the end of the year. READ MORE>>.
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