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Playing the Long Game in Venture Capital

Both Sides of the Table

Of the first four investments I made as a VC in 2009, two have exited and two (Invoca & GumGum) still are independent and likely to produce $billion++ outcomes . The abundance of late-stage capital is good for us all. My first ever investment as a VC was Invoca. Entrada Ventures? —?that Maker Studios?—?sold

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ChowNow Names CTO

socalTECH

Los Angeles-based restaurant ordering systems developer Chownow says it has named a new Chief Technology Officer. According to the company, Bharath Chinamanthur has joined the company as CTO from Blink Health, where he was EVP of Product, Engineering, and Operations.

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Venture Capital is About Human Capital

Both Sides of the Table

Gregg Johnson, CEO of Invoca For the first 5 years or so after I became a VC I didn’t talk much about what I thought a VC should be excellent at since frankly I wasn’t sure. It’s easy to think the role of a VC is to have strong opinions about markets, trends, tech dynamics and so forth. The role of VC is sparring partner.

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What Did I Learn From the First VC Check I Ever Wrote?

Both Sides of the Table

I became a VC 12 years ago in 2007 when the pace of deals was much slower. I had just left Salesforce.com where I was VP, Products, after they had acquired my second startup. It proved to be fortuitous because it allowed me the time & space I needed to get to know tons of founders and VCs and to hone my craft.

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Beni Raises $5M For Secondhand Shopping Software

socalTECH

The new seed funding was led by Bouyant Ventures, and also included Better Ventures,XYZ Venture Capital, Chingona Ventures, and Starting Line Ventures. Beni is led by CEO Sarah Pinner, and was co-founded by CTO Celine Mol.

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ReachLocal Names New CTO, Sales Head

socalTECH

Woodland Hills-based ReachLocal , which provides online marketing products for small- and medium-sized businesses, reported today that it has named Jeff Hagins as Chief Technology Officer, and promoted Steven Power, former Australia CEO, to Executive Vice President of Global Sales Operations. Edwards, and Lockheed Martin.

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CTO Equity - Negotiation After Funding

SoCal CTO

I received an inquiry from a reader of my blog and thought I would provide some thoughts, but would definitely welcome input: I am an unpaid CTO of a small startup. I was also responsible to get a top-notch technical architect to build the necessary back-end at very affordable hourly rate to be able to launch the product in a very short time.

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