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Among other major 2011 exits listed were RiotGames ($400 million) and HauteLook ($270 million). The report also tallied six companies having IPOs, the most since 2005; those firms included RealD, Cornerstone OnDemand, DemandMedia, ReachLocal and Inphi Corp.
Watertower has been involved in a number of high visibility exits and fundings in recent months, including RiotGames (rumored to be $400M+), Machinima, and ExtendMedia. I think you know RiotGames, where we put together their first institutional money. Those are two big gaming companies.
Google, Hulu, RiotGames, DemandMedia, and many other big name players residing in Silicon Beach, it is no small wonder why many tech startups flock towards the sunny beach-side view. The wide range of startups is great and creates more opportunities for new talent and entrepreneurs to join the Los Angeles area.
Brandon Beck – RiotGames. StarCraft 2 might be the most played eSport currently, but RiotGames’ “League of Legends” is garnering prize pools in the millions. They raised some money, stole some guys from Blizzard, and released the game for free. Richard Rosenblatt – DemandMedia.
Cornerstone on Demand brought together the area’s best & brightest for its fourth annual LA Tech Summit , once again hosted at the Fairmont. mitchlasky re: #techla "I feel more at home here… LA's biz culture, the fluidity b/t media & tech is unique" #latechsummit pic.twitter.com/OuYnCoIZiH.
Founder and CEO of Mandalay Entertainment, the visionary multimedia venture spanning movies, TV, sports, and new media, Peter Guber is among the most successful executives in the entertainment and communications industries. Through DemandMedia, Richard is redefining the next generation of new media companies. .
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