Friday, February 24, 2017Nasty Gal's Fall From $100M A Year In Sales To ZeroTwo publications this morning--the WSJ and the Los Angeles Times, have dissected the fall of Los Angeles-based NastyGal--once, one of the symbols of the rise of Silicon Beach--and how it went from nearly $100M a year in revenue to bankruptcy. NastyGal's Sophia Amoruso had started the company on eBay, took it to the venture market, but was unable to sustain its growth, or loyal customers. Nasty Gal's bankruptcy sale closes next week.
posted on Friday, February 24, 2017(Full story)
Tinder's Mateen Makes Angel Investment In FOSSAJustin Mateen, the co-founder and Chief Marketing Officer of Los Angeles-based Tinder, is one of the seed investors in FOSSA, a developer of open source license management software. FOSSA said Thursday that it has raised $2.2M in a seed funding round, which came from Bain Capital Ventures, along with angels Marc Benioff (Salesforce), Steve Chen (YouTube), Jaan Tallinn (Skype), Amr Awadallah (Cloudera), as well as Justin Mateen (Tinder). FOSSA's customers include SolarCity, SmartThings, NPM, and (More info...)
posted on Friday, February 24, 2017(Full story)
Shareability Names MomentFeed's Reed As ExecMarina Del Rey-based Shareability, a startup which focuses on creating viral content, said this week that Rob Reed, the founder and former CEO of MomentFeed, has joined the company as Partner and Chief Revenue Officer. The company said Reed will oversee Sales and Marketing for the company. Shareability said Reed joined the company because "online video is the next big wave of marketing disruption and innovation".
posted on Friday, February 24, 2017(Full story)
Insights: The Cryptic VC's Guide to Saying No On InvestmentsFor this morning's Insights and Opinions section, where we feature the contributions of our readers, we have an article from Wiliam Hsu, co-founder and managing partner of Mucker Capital (www.muckercapital.com). He explains all the ways VCs say "no" without actually using the word "no". You can read the full article at The Cryptic VC's Guide to Saying "No" On Investments in our Insights and Opinions section.
VCs say a lot of cryptic stuff when we pass on an investment – partially because (More info...)
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MaxLinear Gets Design Win With Vubiq NetworksCarlsbad-based radio frequency and mixed signal integrated circuits maker MaxLinear has scored a design win with Irvine-based Vubiq Networks, saying this week that Vubiq is using one of its systems-on-a-chip for a new radio link product. MaxLinear said that Vubiq is using its MxL85100 baseband SoC for its HaulPass V10g radio link product. Expected shipping volumes of the product were not announced. Vubiq's 10 Gbps millimeter wave radio link product is used to transmit high-speed Ethernet data at (More info...)
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Esri, ArticDEM Project Release New Arctic Elevation Model DataRedland-based GIS software maker Esri and the ArcticDEM project, a public-private partnership between the National Geospatial-Intelligence Agency (NGA), the Polar Geospatial Center, and Esri, has release a big storehouse of elevation data for the Arctic, the groups said this week. According to the NGA, the release of the elevation data is the largest to date for the project. Esri said that the Arctic region is "uniquely challenged" by by the effects of climate change, including melting ice, and (More info...)
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Ixia Shifts To 100 Percent Channel SalesCalabasas-based network testing hardware and software developer Ixia said yesterday that it has shifted to a 100 percent, channel sales model for its enterprise customers. Ixia said the adoption of the model was made to show its "unwavering commitment" to its network of reseller partners. Ixia said it has more than 800 resellers who are part of its partner program.
posted on Friday, February 24, 2017(Full story)