Wednesday, January 3, 2007
Pitch Angel and Venture Capital Investors January 22nd
January 22, 2007 | 4pm-9pm
at the UCLA Anderson School of Business

Learn the art of the pitch.

Meet the Tech Coast Angels, the nation's largest and most active network of angel investors. This fun, must-attend event features:

> One-minute "elevator pitches" by 12 of Southern California’s most promising startups.

> A panel of entrepreneurial CEOs who led their companies to very successful IPOs and acquisitions.

> A deliciously catered reception to network with dozens of members of the Tech Coast Angels and other by-invitation-only investors.

Apply today to pitch, this is an ideal opportunity for early stage companies to get visibility and funding for their firms!

MatchActivity Raises Angel Round
Los Angeles-based MatchActivity has received a round of angel funding from the Tech Coast Angels, according to CEO Yoni Avital. MatchActivity, which operates an online dating service centered around activities, said that the round follows friends and family financing. Amount and terms of the round were not disclosed. The TCA lead on the deal was Mike Napoli. Avital also said that the firm has added Dave Nielsen a former executive at Paypal, as an advisory board member.

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AeroVironment Sets IPO Terms
Monrovia-based AeroVironment has set its IPO pricing terms, saying Wednesday in a filing with the SEC that it is looking to offer up to 6,700,000 shares of its common stock at a price between $14.00 and $16.00. AeroVironment develops unmanned aircraft vehicles to the U.S. Department of Defense. The firm is looking to be listed on the Nasdaq Global Market under the symbol "AVAV". The IPO is being underwritten by Goldman, Sachs & Co., Friedman Billings Ramsey, Jefferies Quarterdeck, Raymond James, (More info...)

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Intertainer Sues Apple, Google, and Napster
Culver City-based Intertainer, the defunct movie download service that provided video on demand for the cable television and Internet market, has sued Apple, Google, and Napster over movie download patents, according to a report in the Wall Street Journal Tuesday. According to the WSJ, Intertainer is seeking unspecified damages for infringement of patents for its digital entertainment platform. Intertainer was shut down in October of 2002.

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Amgen Ties Into Cytokinetics
Thousand Oaks-based Amgen and South San Francisco-based Cytokinetics today said that the two will collaborate on the discovery, development, and commercialization of therapeutics for the treatment of heart failure. The two firms said that Amgen will pay Cytokinetics $42M in a non-refundable up-front license and technology access fee, and has also purchased $33M worth of the firm's common stock. The deal also calls for up to $600M in milestone payments based on annual net sales of products commer (More info...)

posted on Wednesday, January 3, 2007(Full story)

Interview with Danny Kastner, FanRocket
Southern California is an interesting environment for both technology and media, and in particular for the fascinating intersections of the two industries. One of the most interesting projects in recent months that combines the two is "It's Your Show", an online, Internet project created by NBC's Carson Daly. It's Your Show rewards users who upload their own user-generated video content with prizes, and with eventual broadcast of the winners on a television show. For today's interview, socalTEC (More info...)

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NextWave Wireless Acquires GO Networks
San Diego-based NextWave Wireless said today that it has signed a definitive agreement to acquired GO Networks, a Mountain View-based firm that develops Wi-Fi products for the campus and municipal Wi-Fi systems market. The deal is worth $13.3M in cash, plus $25.7M in earnout over the next 18 months based on performance milestones. NextWave also said it will assume $7.46M in Go's existing obligations. Go's broadband wireless systems are used in deployment of metropolitan Wi-Fi networks. NextWave (More info...)

posted on Wednesday, January 3, 2007(Full story)

Warner Independent Taps Spot Runner For Film Marketing
Los Angeles-based Warner Independent Pictures and Spot Runner today said that the two have begun promoting independent films using Spot Runner's online television ad placement system. The two firms said that Spot Runner has been running a targeted cable TV ad campaign in 18 markets to promote Warner Independent's feature film The Painted Veil. Spot Runner provided localized versions of a national advertising spot, and ran promotions tied to local theaters on cable television for Warner. The move (More info...)

posted on Wednesday, January 3, 2007(Full story)

Telelogic Offers Free UML Software
Irvine-based Telelogic, a provider of modeling software for the software development industry, said Tuesday that it has released a free Unified Modeling Language (UML) software tool. Telelogic said that its new Telelogic Modeler software is available free for developers, and allows engineers, designers, and developers of embedded, real-time, and enterprise IT applications to create model-driven designs. UML is used throughout the software development industry to create object-oriented models of (More info...)

posted on Wednesday, January 3, 2007(Full story)

Mogopop Launches iPod Media Service
Los Angeles-based Mogopop said today that it has launched a beta of a service that allows people to create and share rich media content for the Apple iPod. Mogopop said that its new site provides a way for users to create and share multimedia content specifically designed for the popular media player, including music, video, images, and other information. The new Web 2.0 firm currently offers independent music, music and sports trivia quizzes, and other content on the site.

posted on Wednesday, January 3, 2007(Full story)

ProQuest Closes $425M Healthcare Fund
New Jersey-based ProQuest Investments, a healthcare focused venture capital firm that also maintains offices in San Diego, said today that it has closed ProQuest Investments IV at $425M. The new venture fund brings the fund's total managed to approximately $900M. ProQuest is a very active investor in healthcare and biopharmaceutical firms in Southern California.

posted on Wednesday, January 3, 2007(Full story)

Thorpe Capital Group - Fairness Opinions
Thorpe Capital Group - Fairness Opinions: Fast, Independent, Affordable

Thorpe Capital Group ( ) Small to Mid-size Deals

Managing Director Devin Thorpe can be reached at 801/519-0505 for a quick conversation and a no obligation quote. Thorpe Capital Group has issued fairness opinions to companies including Honeywell International (NYSE: HON), MedQuest Products, Inc., TerraSystems, Inc. (OTC: TSYI), and English Language Learning Systems, Inc. (OTC: ELLG). Thorpe Capital Group's team of investment banking professionals draw on their transaction experience to quickly provide objective, independent fairness opinions. Thorpe Capital Group has helped a wide range of middle-market businesses with transactions worth tens of millions of dollars, including USANA Health Sciences, Inc. (Nasdaq: USNA), LoveSac and Bridge Investment Group.

Thorpe Capital Group also provides 409 and 123R valuations. Visit and click on "click to e-mail devin" at the top.

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