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the startup incubator headed by former MySpace CEO Mike Jones, is reportedly raising another $30M in funding to put towards its startups. According to a report this morning, the fund will also invest in non-Science incubated startups. The startup studio is managed by Jones along with former Photobucket exec Peter Pham.
The DollarShaveClub is a new startup that solves a simple but overlooked problem; disposable razor blades are overpriced. DollarShaveClub is a online service that delivers high quality disposable razor blades for a low price. What was your motivation to start the service?
Los Angeles-based DollarShaveClub , the subscription razor delivery startup led by Michael Dubin, has upped its latest funding round to $90.7M, and is aiming at raising over $100M, according to a regulatory filing by the company. Details on the additional funding in the round were not annoucned.
Santa Monica-based startup studio Science Inc. The startup studio--which both incubates its own companies as well as works with startup founders to help accelerate their efforts--has backed such companies as DollarShaveClub , DogVacay , FameBit , EventUp , August Home , Hello Society , Playhaven , and Superfly Labs.
One of the hottest segments in Silicon Valley over the last few months has been restaurant delivery services, which are delivering gourmet and other meals to local startups, companies, and homes all over the Bay Area. The company did not say what coverage area it is offering up in the Los Angeles area. READ MORE>>.
Recognizing the tens of billions of dollars that the Southern Californian region leaves on the table, because it hasn’t taken its rightful place in the American technology industry, a new group called the Alliance for Southern California Innovation has just released a report to analyze how SoCal can work to assume its pole position.
Pasadena-based Calibrate Ventures , a brand new venturecapital firm founded by Kevin Dunlap and Jason Schoettler, announced on Tuesday morning that it has raised $80M in its very first venturecapital fund, Calibrate Ventures, L.P.
Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles. Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA. Back then only 15% of our dollars were invested locally whereas today 50% of our dollars are invested in LA.
There's been a lot of talk about the boom in Southern California's startup world. Driven by success in the sector, accelerators, serial entrepreneurs, and more, there are more startupsstarting and relocating here than ever. In this special report, we've mined our extensive database of venturecapital.
Los Angeles-based CAA Ventures , the venturecapital arm of the Creative Artists Agency, has made an investment in a monthly delivery service focused on do-it-yourself (DIY) crafts. in a funding round, which came from Maveron, Forerunner Ventures, and CAA Ventures. READ MORE>>.
Brian Lee, CEO and Founder of The Honest Company, which has raised $222 million in VC funding. Mike Jones, Founder of Science, which has invested in some of LAs top startups, like DollarShaveClub. Adam Goldenberg, CEO and Founder of JustFab, an online subscription fashion thats raised $249 million in financing.
What's the latest startup to launch of out Santa Monica-based business "studio" Science Inc. , That would be appear to be Gumhouse , which just raised $6M in a funding round, from such venture firms as Polaris Ventures, Science Inc. run by former MySpace CEO Mike Jones? and others. Peter Pham (also of Science Inc.), properties.
Venturecapital investment firm Shasta Ventures said Wednesday that it has promoted Sean Flynn --who has been key to that firm''s many investments in Southern California--to Managing Director. Flynn focuses on early-stage investments on mobile-enabled consumer Internet and enterprise software startups. READ MORE>>.
How do you take the energy of such successes as DollarShaveClub, Ring, Cornerstone Ondemand, and the many other local successes from the startup energy, and tap into the resources of local universities and research institutions?
Chicago-based venturecapital investor Pritzker Group VentureCapital announced this morning that it is expanding its efforts to invest in early stage companies in Los Angeles, and has moved partner Gabe Greenbaum to Los Angeles. Greenbaum had been based at Pritzker's home office in Chicago.
Los Angeles based startup incubator/studio Science --which is behind such local startups as DollarShaveClub and DogVacay--has quietly raised $20M in a debt financing round, according to the companies. Science says it now has more than 150 people on staff working on its startups. READ MORE>>.
Los Angeles-based Retina, a startup that is using artificial intelligence for predicting customer lifetime value, said on Tuesday tht it has raised $8M in a Series A funding round. The funding came from Alpha Intelligence Capital and Vertical Venture Partners. Retina is led by co-founder and CEO Emad Hasan.
The funding came from angels, including Nancy Tellem (Executive Chairman, Eko Studios and former President of CBS Network Television Group), Daniel Murray (CFO DollarShaveClub), Angela Mathes (Entrepreneur & former President, ABC Daytime TV) and Kent Wakeford (COO & Board Member KSV esports). READ MORE>>.
My job as a VC isn’t to beat myself up or any other partner up for the one deal we didn’t do. If you swing at every pitch you’ll end up with a lot more losers. That’s a benefit for us as a local VC. We knew about it before people up North because it’s our job to know about everything local at the time of creation.
But one tech news story stood out for me — the fact that LA-based DollarShaveClub (DSC) was sold to Unilever for $1 billion. Michael has always impressed me since the days of the original launch video that was perhaps the best startup launch video of all time — 23 million views and counting. Congratulation.
Los Angeles-based startup studio Science Inc. has backed a startup, Plows & Mowz offering up an on-demand marketplace for snow plowing and lawn care. portfolio company DollarShaveClub, and appears to be the first publicly announced investment by Science Inc. since 2015. READ MORE>>.
The funding was led by New Enterprise Associates, and also included startup studio Science Inc, CrossCut Ventures, Coatue Management, Cross Culture Ventures, the San Francisco 49ers, Nas, Michael Dubin of DollarShaveClub, Kevin Lin of Twitch, and other angels.
Are you a startup looking to find funding in Southern California? It's often tough to figure exactly who the venturecapital funds are who are funding startups in the area. However, for members of socaltech.com, it's a click away with our real time analysis of venture funding flows. Crosscut Ventures 6 deals.
It wasn’t so long ago that venturecapital was a suburban California phenomenon. Los Angeles didn’t have much in terms of a real tech scene — and even San Francisco only had a few VCs or tech companies. Now, VC offices have sprung up in San Francisco, moving more of the investment energy up there.
(www.science-inc.com), which has been behind such companies as DollarShaveClub, August Home, DogVacay, Hello Society, Playhaven, and many others. What new technology area, startup, service, or app did you find most interesting or useful this year, and why? We'll be featuring contributions all through the holiday season.
Crosscut Ventures has just announced their 3rd fund and clocking in at $75 million , which will be focused heavily on Los Angeles – FTW. LA has grown up a lot over the past 5 years. This week Michael Dubin’s startupDollarShaveClub announced a $75 million funding round at a rumored $650 million valuation.
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