Thursday, August 10, 2006
Alternative Funding Event
***It seems a bit quiet out there (in terms of feedback emails), and I'm seeing lots of vacation email notices, so I suspect lots of people are on summer vacation. Not surprising, as August is traditionally a slow month in venture capital, though there was quite an impressive turnout at the LAVA VC Breakfast event Tuesday.

For the many entrepreneurs who read this newsletter, there's another good event coming up this week to shake you out of your summer lull. The Technology Council of Southern California has an event tonight in Tarzana around alternative funding, which I have been asked to moderate. The event covers some other methods for getting your startup off the ground -- including government research and development grants, venture debt, and SBA loans.

I'd encourage very early stage companies--those who are just getting their companies started, who might be a bit too early for a formal venture capital or even an angel round--to attend. You can read more about the event at The event is at the Braemer Country Club and starts at 6pm.

Benjamin Kuo, Editor,

IBM Buys FileNet For $1.6B
IBM is buying Costa Mesa-based FileNet, in a deal worth $1.6 billion, the companies said this morning. IBM said today that it would buy FileNet for $35 per share of FileNet common stock in cash, a premium over FileNet's current price. IBM said that it will combine FileNet with its Content Management business, integrate IBM's BPM and Service Oriented Architecture technology with FileNet's platform, and continue to support both FileNet and IBM content management platforms after the acquisition. F (More info...)

posted on Thursday, August 10, 2006(Full story)

Interview with Hal Halladay, Co-founder, Know More Media
Our interview today is with Hal Halladay, who is co-founder of Know More Media (, an angel-funded startup based in Orange County. I spoke with Hal about the company, how he's trying to create a new business blog market, and progress so far on creating a business model driven by bloggers.

Ben Kuo: Hal, thanks for the interview. What's Know More Media all about?

Hal Halladay: Know More Media is a business blog network that writes business news and information and analys (More info...)

posted on Thursday, August 10, 2006(Full story)

BridgeCo Adds Online Music Support
Los Angeles-based BridgeCo, a semiconductor manufacturer developing chips for the home entertainment market, said Wednesday that the company's platform now provides the ability to play audio from all of the major online music providers, including Yahoo, Rhapsody, Napster, LaunchCast, MusicChoice, and iTunes. BridgeCo said that its product now supports the transport of audio files, including DRM-protected formats like WMA and AAC, across its systems. BridgeCo is a venture-backed startup that deve (More info...)

posted on Thursday, August 10, 2006(Full story)

DTS In Deal With Digital Post Production Provider
Agoura Hills-based DTS has signed a new deal to get exclusive access to technologies from Avica Technology Corporation, a provider of post-production tools for the digital cinema market. The deal also includes the right for DTS to acquire the assets of Avica. DTS said that it is in an exclusive licensing agreement with Avica, to exploit its suite of technology, products, and services. Avica provides content delivery, encoding and encryption, packaging and distribution, and other services for dig (More info...)

posted on Thursday, August 10, 2006(Full story)

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