Monday, January 9, 2006
Interview with August Kleimo,
My interview this morning is with August Kleimo, one of the creators of (, a Los Angeles-based web site project that is a Web 2.0 "mashup" of CraigsList rental data and Google Maps. BK: For those who aren't familiar with RentSlicer, what does it do? AK: RentSlicer is a web site where landlords and tenants can view average prices for rental units in different areas that meet very specific criteria. We import rental listings into a database and use a parsing e (More info...)

posted on Monday, January 9, 2006(Full story)

PeopleSupport Buys Transcription and Captioning Firm
Los Angeles-based business process outsourcing firm PeopleSupport has acquired Newport Beach-based Rapidtext, a provider of transcription and captioning services. PeopleSupport said this morning that it is acquiring the company to enter a new market and diversity its offers. Rapidtext and its subsidiary The Transcription Company provide voice-to-text services for insurance, law enforcement, entertainment, education, and medical markets. PeopleSupport said that it intends to offer additional serv (More info...)

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Acacia Looks To Spin Out CombiMatrix
Newport Beach-based patent licensing firm Acacia Research announced this morning that its board has approved a plan to spin out its wholly-owned subsidiary, CombiMatrix, as an independent public company. Acacia, which is listed on the Nasdaq as ACTG, said that CombiMatrix will trade on the Nasdaq as CBMX, subject to tax opinion from legal counsel and required filings with the SEC. Acacia has been aggressively licensing patents and pursuing companies with patent infringement lawsuits. CombiMatrix (More info...)

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Favrille Raises Funding For Expansion
San Diego-based biopharmaceuticals firm Favrille said Friday that the company has raised $20M in a line of credit from GE Capital and Oxford Financial. Favrille said that the debt financing will be used to expand its facilities for the commercial-scale manufacturing of its Phase 3 product candidate, targeted at treatment of non-Hodgkin's lymphoma. The company said that its expanded facilitiy will include 80,000 square feet dedicated to manufacturing. Favrille is developing immunotherapies for th (More info...)

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MaintenanceNet Expands Advisory Board
Carlsbad-based MaintenanceNet, a provider of contract management software, said that it has expanded its board of advisors. The company said that Carmelo Santoro and Bob Frankenberg have joined its advisory board. Santoro has served at Attensity, AST Research, Silicon Systems, Ashton-Tate, and Platinum Software. Frankenberg is chairman of Kinzan, was chairman of PowerQuest, and has served at Encanto, Avaya, and was Chairman, President, and CEO of Novell.

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Mpex Adds Chief Medical Officer
San Diego-based Mpex Pharmaceuticals has named Dr. Matthew A. Wikler as Chief Medical Officer. The company said that Wikler will be responsible for its clinical development and regulatory activities. Wikler was most recently Chief Medical Officer and EVP at Peninsula Pharmaceuticals. Wikler has also served at SmithKline Beecham, Burroughs Wellcome, Ortho-McNeil, and Bristol-Myers Squibb. Mpex is developing biopharmaceuticals in the antibacterial area, targeted at the control of drug-resistant ba (More info...)

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Fonality Raises $5M
Los Angeles-based Fonality is announcing today that it has raised $5M in a Series B funding from Azure Capital Partners. Fonality said that it will use the funding to expand its management team, R&D, and channel. As part of the funding, Paul Weinstein of Azure will join the company's board of directors. Fonality is developing an IP-PBX softswitch based on standard PC hardware. The company's software provides enterprise-class PBX phone system features for small businesses.

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Tech Coast Angels Fast Pitch, January 24
January 24, 2006
UCLA Anderson School of Management

Meet, greet, and learn the art of the pitch from the Tech Coast Angels,
the nation's largest and most active network of angel investors.
One-minute "elevator pitches" by 12 of Southern California’s most
promising startups. A panel of seasoned investors will judge the pitches for their fundability and presentations. Keynote by Guy Kawasaki, chairman of Silicon Valley’s Garage Technology Ventures and author of several best-sellers, including his latest The Art of the Start.

More information, registration and application to pitch at:

LAVA Third Annual Awards Dinner - January 19th
LAVA Third Annual Awards Dinner
Thursday January 19, 2006

Enjoy a fun evening of excellent networking, fine cuisine and an entertaining program that will honor Bob Hoff of Crosspoint Venture Partners with the Lifetime Achievement Award in Venture Capital.

The program includes LAVA's Annual Awards for:

* Best Venture Financing in Biotechnology/Medical Devices
* Best Venture Financing in Software/Media
* Best Venture Financing in Communications/Semiconductors
* Best IPO
* Best M&A Exit

Don't this this once-a-year evening of great networking, food, and entertainment.

Sponsored By


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