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Los Angeles-based RiotGames , a developer of online video games, announced today that it has raised a new, $8M round of financing. The round came from Benchmark Capital, FirstMark Capital, and Chinese online services firm Tencent. READ MORE>>.
how on Earth could the venturecapital market stand still? One of the most common questions I’m asked by people intrigued by but also scared by venturecapital and technology markets is some variant of, “Aren’t technology markets way overvalued? How our VC Firms Like Ours Organizing to Meet the Challenges?
Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles. 10 years ago we found ourselves trying to persuade LPs and VCs that it was worth spending more time getting to know the LA market and now the most common refrain that I hear from them is “there really is something going on in LA.”
in seed funding from Deep Fork Capital, William Morris Endeavor, former RiotGames Chairman Jarl Mohn, Dennis Phelps (IVP), Social Starts, BDC Ventures, and Keith Boesky. The company--now based in Vancouver, BC--helps organizers of professional video game tournaments and leagues. The company is led by Jason Xu.
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.
It’s hard to remember that in 2012 it was still hard for LA VCs to persuade investors into funds that LA was a viable market for great venturecapital funds or convince many VCs that LA was a market worth investing dollars into startups. And this is true. LA has only just begun.
The funding round also included Lowercase Capital, Advancit Capital, CourtsideVC, Machine Shop Ventures, Luma Labs, and Cherrytree VC. According to Wavedash, the new funding will go to grow its team and complete the development of its game, Platform Fighter. Wavedash is based in Oakland. READ MORE>>.
A new, early-stage venture firm, Patron--which has one of its General Partners based in Los Angeles--said on Tuesday that it has raised $90M in a new venturecapital fund. Yeh and Cho said that they have served across such companies as RiotGames, FirstMark Capital, and Andreessen Horowitz.
My job as a VC isn’t to beat myself up or any other partner up for the one deal we didn’t do. That’s a benefit for us as a local VC. But local VCs don’t deserve to get beat up for not investing. Are you beating up every Silicon Valley VC that didn’t do Facebook or Google or Uber early? Those that funded it deserve credit.
Los Angeles- and Seattle-based Theorycraft Games, founded by veterans of RiotGames, has raised $37.5M The funding was led by NetEase, and also included NEA, Bitkraft Ventures, Griffin Gaming Partners, Sisu GameVentures, as well as angels. in a funding round, according to the company.
In all of the usual chatter about LA’s great ascendency people love to mention Snap, Tinder, RiotGames, SpaceX and other well-know startup success. And while that sounds like a marketing ploy — as my friend I can tell you he says it privately when he’s at my house and when you’d imagine a VC would be telling him to raise prices.
The Foundation said it already has been organizing roundtables and dinners with executives from tech companies like Snap, RiotGames, Mitu, Omaze, Headspace, as well as local venturecapital firms, to help engage them with the nonprofit company and help educate them on issues facing Los Angeles.
Los Angeles-based Singularity 6 , a new game studio founded by RiotGames' veterans Aidan Karabaich and Anthony Leung, has raised $2.5M The funding came from London Venture Partners. in a seed funding round, the company disclosed on Thursday.
According to the company, notable pre-seed investors and partners include impact investor Pete De Mare and Guitar Hero founder Charles Huang and industry leaders from Cisco, Dell, RiotGames, and HTC. The company says it is using both artificial intelligence and traditional psychology to help companies beat employee burnout.
Google, Hulu, RiotGames, Demand Media, 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. Venturecapital is also affected by the fragmented locations of startups in LA. With Yahoo!, Not enough money flows in LA.
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.
To get some insight into the growing world and business of e-sports, we caught up with Clinton Foy , a local venturecapital investor at Crosscut Ventures in Los Angeles. Blizzard has been one of the founders of e-sports, an created many of the early e-sports games, and RiotGames is well known for League of Legends.
Here, we have the thoughts of Clinton Foy , General Partner and Managing Director of Crosscut Ventures (www.crosscut.vc). VentureCapital is a Long Term Game. We're already seeing strong engineers and founders from Snap, RiotGames, Musically and others launch their new startups in LA.
Let me give you another simple example from my experience as a VC at Upfront Ventures. When we went to raise funds we faced lots of competition as there are of course many other VC funds in the country. I think that’s where many startups and even VC funds go wrong. This is true for startups, too.
We are fortunate to have great new institutional LPs and investors, including foundations and endowments who are well known in the venturecapital industry and have backed some great, high quality funds. We feel this is a great validation for the LA and SoCal venture market place, and for the startups and founders in LA.
Managing Director of FirstMark Capital, a $2 billion VC fund focusing on investments in the emerging media & advertising and data & analytics sectors. Prior to founding FirstMark Capital, Rick was a Partner with Pequot Ventures. Rick Heitzmann. Click here to Register ).
Managing Director of FirstMark Capital, a $2 billion VC fund focusing on investments in the emerging media & advertising and data & analytics sectors. Prior to founding FirstMark Capital, Rick was a Partner with Pequot Ventures. Rick Heitzmann. Twiistup 007 Showoff's: .
Starting at 21, I worked at a venturecapital firm called IncWell based in Birmingham, Michigan then joined a startup called Rocket Fiber. We were focused on internet infrastructure – this is 2015-ish – and I was appointed to lead our strategy in esports.
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