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Altly Reveals Seed Investors

socalTECH

Altly detailed its plans to create an alternative to Facebook last week, complaining in a lengthy manifesto from Shapiro that an alternative to Facebook was sorely needed due to privacy and other issues with the social networking site. Shapiro was the former founder of Veoh Networks and head of MySpace Music. READ MORE>>.

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Bombd Sets Up Shop In Venice, Aims At Social Networking

socalTECH

Bombd , a startup which develops a social networking and messaging app revolving around sharing instant photos with others, has set up shop in Venice Beach. The startup--originally started in Australia--said its team and founders have moved to Venice Beach to scale the app in the U.S., and that it has begun hiring a team here.

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GrubTonight Launches Social Dinner Reservation Service

socalTECH

One way might be to try out GrubTonight , a newly launhced iPhone application from Venice-based Grubwithus, which allows users to find organized dinners in a local area, reserve a seat, and meet others at meals. The firm raised $5M in a venture funding round back in May of last year, and earlier had raised $1.6M READ MORE>>.

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Purple Squirrel Raises $2.7M To Help You Network Your Way Into A Job

socalTECH

Venice, California-based Purple Squirrel , a new startup focused on helping people network with employees of existing companies in order to get an inside track on jobs, has raised $2.7M in a seed funding. The funding was led by CrossCut Ventures, and also included Greycroft, Arena Ventures, Luma Launch and 500 Startups.

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Grubwithus Gets $5M

socalTECH

Venice-based Grubwithus , which operates a service which helps connect people in real life with others over meals and food, said this week that it has raised $5M in a Series A funding round. The firm said that Mark Suster of GRP Partners will join the company's board along with the funding. Grubwithus previously raised $1.6M

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Clapit Raises AU$2.57M

socalTECH

The seed funding came from Australia angels Mark Moran and Paul Siderovski. Clapit is the second, Australian startup to set up shop in Los Angeles in the last few days; another, social networking app maker from Australia, Bombd, just announced this week that it had set up in Venice Beach. READ MORE>>.

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Putting the Pedal to the Metal at Amplify

From the Venture Trenches

For the first three months of this year, I have had the pleasure of breathing the same air as the crew from Amplify , the Venice based accelerator. If commitment and drive were Jason’s first attraction, the extensive Amplify network came in a close second. Paul Bricault Directing Traffic.