Friday, August 29, 2014


JustFab Raises $85M At $1 Billion Valuation
In the latest, big-valuation funding round for Southern California, Los Angeles-based JustFab has raised $85M in a funding round that values the company at $1 billion. The company--which has been working on the round since May--comes as the company also has increasingly been rumored to be seeking an IPO. The funding was led by Passport Special Opportunity Fund, and also included Shining Capital, Matrix Partners, and Technology Crossover Ventures. The company has now raised more than $250M.
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socalTECH: Nominate The 50 Up-And-Comers In Southern California's Tech Industry
Who are the top 50 up-and-coming individuals in Southern California's technology industry? We're looking to identify the individuals here in the technology industry, across all sectors, who are most likely to create the next big thing, produce the next big exit or to influence the industry in a significant way. If you'd like to nominate an individual (not company) for this award, we've just started collecting your nominations online. Nominations will close on Friday, October 10th. Interes (More info...)
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Quick Pitch Friday: Mauhan Zonozzy of Bubbl
Do you wish you could take short snippets of your favorite movies and TV shows and share them with your friends? A number of startups have tried to make sharing of premium clips more available to users, but none have yet managed to convince studios and other content creators to allow for widespread clipping and sharing of that content. In an attempt to change that, Bubbl (www.bubbl.me)--which is led by Mauhan Zonozzy--is creating a tool and studio relationships to do just that. The startup is ga (More info...)
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Zeel Brings On-Demand Massages To LA
In the latest, smartphone-driven, on-demand service to hit the Los Angeles area, Zeel says it has launched into the Los Angeles area, and has begun offering up same day, in-home massages from licensed therapists in the area. The New York City company--which started offering its service in April of last year--said the expansion to the greater Los Angeles area also comes with a similar expansion into Miami and San Francisco. Zeel said its app lets users find a massage therapist in as little as an (More info...)
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Evite Names New CEO
Los Angeles-based online event invitation site Evite has named a new CEO, saying yesterday that it has named Victor Cho to the position. Cho was most recently President and CEO of Kodak Gallery, and also had headed up marketing and commerce at Intuit. Evite--which is owned by Liberty Interactive--said that Cho also has served at iVillage and Microsoft. The company says it has over 32 million registered users using it to coordinate parties and gatherings, with around 25,000 invitations sent every (More info...)
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IDrive Targets Student With Lifetime Discount Offer
Los Angeles-based online backup provider IDrive, in an attempt to sign up students returning to school, said this week that it has launched a 50 percent discount plan, good for students for the lifetime of their account. IDrive said it will use a student's valid, education-based email address for the discount offer, letting students back up their school work and other data to the cloud. IDrive offers up both file storage and synchronization services, starting with a 5GB free account.
posted on Friday, August 29, 2014(Full story)