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Former LA VC Gets Backing For Enterprise Alerting, Micro Apps Startup

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Fouad ElNaggar , a former venture capitalist who had been responsible for the Los Angeles office of Redpoint Ventures, has scored funding for a new startup, Sapho. in a Series A funding, which was led by Alsop Louie Partners. According to Sapho, it has raised $9.5M Sapho is in Silicon Valley. READ MORE>>.

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Scripted.com Finds $150K

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Scripted.com , the online marketplace for freelance writers which has a number of Southern California angel investors, said Wednesday that it has raised another $150,000 in funding. Founder Sunil Rajaraman started Scripted.com (formerly known as Scripped.com) in Los Angeles, but the firm later moved operations to San Francisco.

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