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Woodland Hills-based ReachLocal , which helps small and local businesses place Internet advertising, was up 15.2 Santa Monica-based Demand Media , the Internet content publishing run by Richard Rosenblatt, also is widely expected to be in the process of filing for an IPO. percent after its IPO Thursday, closing at $14.98, up $1.98.
Earlier this week, Deloitte released its latest list of the top 500 growing technology companies, in its 2012 Technology Fast 500. 547% Pasadena Tom Lamb 186 Kyriba Corporation 482% La Jolla Jean-Luc Robert 189 MINDBODY 471% San Luis Obispo Rick Stollmeyer 195 ReachLocal, Inc. 6225% San Diego Kevin C. Frost, Ph.D.
And we’re left with a city with idyllic weather, major commerce, the media center of the world, and a great emerging technology scene. But we have a great city for building technology companies. You can find very talented technology executives. But we do have great technology developers. You don’t.
VentureNet, which is put on by the Technology Council of Southern California, included keynotes by Kelly Perdew of Rotohog and Zorik Gordon of ReachLocal, plus capital presentations from Cyber-Rain, FlipGloss Media, Viewdle, Social Approach, Ad.ly, Zadspace, RightSignature, Cogi, YouMail, ExpenseBay, AffordIt.com, SharesPost, and TrueCar.
ShoeDazzle.com , the online e-commerce startup headed by Brian Lee and whose co-founders include Kim Kardashian, scored top honors in the Best venture funding in digital media/e-commerce category. Other IPO finalists were RealD , ReachLocal , and Inphi. Other finalists were Clicker.com , Truecar , and Zumbox.
The number of Southern California related initial public offerings is growing steadily upwards, as Gevo --originally started in Pasadena, and based on technology out of Caltech and UCLA--hit the market this morning. Gevo is just the latest in a surge of companies hitting the public markets which have Southern California links.
The report--compiled by Ocean Road Partners--included both venture-backed and self-financed information technology companies. Green Dot's backers included Sequoia Capital, Total Technology Ventures, and the Tech Coast Angels. The exit was the eighth highest in the database, according to Ocean Road Partners.
So far, two companies-- Woodland Hills-based ReachLocal , which completed its IPO in May, and Carlsbad-based Maxlinear , which hit the markets in March, have had successful IPOs. The high level of IPO activity--if those firms manage to make it to market--would make this year one of the most active IPO years here since the dot com bust.
The move is an interesting one, given the number of Southern California technology companies trying to go the other direction, and to hit the public markets. READ MORE>>.
Other firms currently in registration include Santa Monica-based Demand Media ; San Diego-based Zogenix ; Inphi Corp. which has most of its employees in Westlake Village; Los Angeles-based Gamefly ; City of Industry-based NewEgg ; San Diego-based Fallbrook Technologies ; and Thousand Oaks-basd Nexsan.
In recent months, Woodland Hills-based ReachLocal and Carlsbad-based MaxLinear also have managed to reach the markets via an IPO, and there are at least seven other Southern California companies waiting in the wings for the public markets.
Wergeles also had served as Chief Legal Officer at ReachLocal during that company's IPO. Leaf Group is led by longtime technology industry veteran Sean Moriarty. READ MORE>>.
I’m just not sure you can build a great technology firm outside of Bay Area.&#. In my LA I often see computer screens open with entrepreneurs talking about digital media. I don’t see this changing much like I don’t see you building blockbuster movies outside LA or shift the media buying center of gravity out of NY.
It’s clear that many companies are going to need to understand “authority&# in the social media era. Investors: Allen Morgan of Mayfield Fund, ff Asset Management, Bobby Yazdani, Nova Spivack of Lucid Ventures, Zelkova Ventures, Paige Craig, Tom McInerney, Michael Yavonditte of Quigo Technologies, Ofer Ronan.
Out is the “cocktail only&# Twiistup and in is the new format of a conference that should take its rightful place on the national technology calendar. We are a city unique in merging the world’s best content with digital media and technology expertise. Tags: SoCal Stuff LA SoCal startup technology.
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