Tuesday, May 6, 2008
MADISON STREET PARTNERS - Planning Your Company's Next Move
Click on the link below to see "This Week's Notable Subleases in Orange

These sublease opportunities have been hand selected from various
commercial databases as being among the most competitive in today's
marketplace. For more information, please contact Paul via email
paul@madisonstreetpartners.net or directly at (949) 468-2243.

Cloudworks Targets Desktop With Hosted Software Offering
Thousand Oaks-based Cloudworks is announcing today that it has launched a new product line targeted at providing applications, data, and email via a browser to customer desktops. The firm said that its new "webtops" product will allow companies to provide hosted Windows environments to their employees. The new product supports Microsoft Office, QuickBooks, and other applications, and costs small businesses from $595 a month for five users, or $995 for a dedicated server.

posted on Tuesday, May 6, 2008(Full story)

Apoptos Raises $28M
San Diego-based Apoptos, a developer of oncology drugs, announced Tuesday that the company has raised $28M in funding. The firm said the Series A funding came in two tranches from Venrock, ARCH Venture Partners, Orbimed Advisors, and Advanced Technology Ventures. Apoptos is developing small molecule drugs for inducing tumor cell apoptosis--which will be applied to treating cancer. According to the firm, the funding will fund the company through 2010. The firm was founded by William H. Rastetter, (More info...)

posted on Tuesday, May 6, 2008 (More)(Full story)

Buzznet Buys Punk Music Community
Hollywood-based Buzznet, an online social media web site focused on music, has acquired yet another music focused web site, the firm said Tuesday. Buzznet said that it has acquired Absolute Punk, an online web site focused on alternative music, industry news, reviews, and other information about punk music. Financial terms of the acquisition were not disclosed. Absolute Punk was founded in 2000; according to Buzznet, it has an active community of more than 500,000 music fans. The acquisition of (More info...)

posted on Tuesday, May 6, 2008(Full story)

Interview with Richard Wolpert, The Mail Room Fund
Richard Wolpert is the head of the Mail Room Fund, a new venture fund backed by William Morris, Accel Partners, Venrock, and AT&T. Wolpert is well known for his work as Chief Strategy Officer for RealNetworks, as president of Disney Online, as well as for his angel investments. We sat down for breakfast a few days ago to chat with Richard about the new fund, his angel investments, and what he sees as the promise of Los Angeles.

Tell us a little bit about the fund and what you're investing in (More info...)

posted on Tuesday, May 6, 2008(Full story)

Arrowhead Research Sells Subsidiary
Pasadena-based Arrowhead Research said today that it has sold Aonex Technologies, a majority owned subsidiary of the firm, to AmberWave Systems. According to ArrowHead, AmberWave will pay $7.95M plus royalties for Aonex. Aonex is a Caltech spinoff commercializing material integration technology for the solar cell manufacturing industry. Arrowhead said that AmberWave will take over its Pasadena operations, and Aonex founder Dr. Harry Atwater will continue to support the development of the technol (More info...)

posted on Tuesday, May 6, 2008(Full story)

Thought Convergence Buys Name Intelligence
Los Angeles-based Thought Convergence, a provider of tools for managing domain names and domain name portfolios, announced Tuesday morning that it has acquired Seattle-based Name Intelligence, a provider of domain name software tools. Financial terms of the acquisition were not provided. Name Intelligence runs the DomainTools service and the Domain Roundtable conference, which targets domainers. DomainTools is an online web site featuring different tools useful to Internet domain name buyers. Th (More info...)

posted on Tuesday, May 6, 2008(Full story)

Greenlight Wireless Becomes Skweezer
Irvine-based Greenlight Wireless said Monday that it has renamed itself Skweezer, after the firm's mobile web service. The firm, which develops software to convert any web site into mobile-friendly format, also said it has renamed its mobile advertising product, Advertizer, to "Skweezer Ads." According to the company the move will help it take advantage of the name recognition the firm's Skweezer brand has, and streamline the firm's marketing profile. Skweezer's online service allows anyone to s (More info...)

posted on Tuesday, May 6, 2008(Full story)

Software as a Service (SaaS) Success. Accelerated.
The SaaS3 program will help you get your SaaS business running with some
help from Redmond.

For software companies building a new SaaS application or migrating to
SaaS. Heavily discounted consulting from SaaS experts, free hosting, and
free Microsoft SQL software licensing.

Visit http://www.myonds.com/s3.html or call Brett Gordon at
877-841-7274 x708 or email info@myonds.com.

NeoHire.com -- Providing exclusive Talent to SoCal Internet Companies
NeoHire is unlike any recruiting firm in the world.

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Besides talent, clients can leverage our network for strategic introductions, partnerships, and landscape intelligence.

Contact Josh Stomel at josh@neohire.com for more information, or go to:


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Qualified Benefits Seeks $5M In Equity Financing
Qualified Benefits Inc. (QBI) is seeking $5 million in equity financing
for Management's buyout of the Company from BenefitStreet.

Qualified Benefits Inc. (QBI) has an endurance record like few in the
industry since its 1978 inception.

Over the past 30 years QBI has built a formidable competitive advantage
with over 2,700 customers.

Since inception QBI has never been sued or been in litigation with any of
its customers.

Outstanding employees with longevity not seen in the financial service
industry today.

QBI provides retirement plan services for both Defined Benefit and Defined Contribution plans. Specifically, QBI established and provides consulting and administration for Defined Benefit Plans, Cash Balance Plans, Profit
Sharing Plans, 401(k) Plans and Hybrid Plans.

QBI has sales offices in Woodland Hills and Irvine. Because QBI does not
sell investment, advisory or insurance related platforms, we are
compatible with all financial advisors. This includes those advisors
working for wirehouses, insurance groups, RIA's and insurance brokers.

QBI also has a dominant presence in the Defined Benefit marketplace with
significant relationships with accountants and business managers.

Contact: Michael_DelGrosso@benefitstreet.com

SaaS University: Selling, Marketing, Infrastructure and Financing
Softletter's SaaS University: Selling, Marketing, Infrastructure and
Boston (Waltham), June 18/19.
The Premier Event for Those Who Need to Succeed in SaaS

*Looking for hard data and facts on SaaS infrastructure, marketing,
sales, escrow, sales force compensation, and other key challenges?
*Transitioning or incorporating an on-demand system into your product
*Need to improve your SaaS sales and marketing cycle?

Softletter’s SaaS University will enable you to reach your goals! Over 31 separate sessions and five tracks, including transitioning to SaaS,
selling to the enterprise, SMBs, and government, infrastructure,
marketing, and finance. Topics include compensating your sales employees, SaaS pricing models, crossing the SaaS financial chasm, professional services, infrastructure costs, marketing best practices and much more. Three keynotes, including Colleen Smith, VP of Software as a Service, Progress Software, Rene Bellei CEO, Ryma (FeaturePlan), and Jeff Kaplan, Managing Director, THINKstrategies.

If your company is interested in or likely to be impacted by the growth
of SaaS (and there is no company that won't be impacted by SaaS),
Softletter's SaaS University: Marketing, Selling, Infrastructure and
Finance, 2008 is a must attend!

Register before May 10th and save $200, group discounts are available.

Full agenda:
Register Today at: http://www.acteva.com/booking.cfm?bevaID=153524

LAVA Investment Capital Conference - May 7 - Los Angeles
For 15 years the Investment Capital Conference has been the annual
signature event of the Los Angeles Venture Association, our region's
oldest, most successful organization focused on the financing of growth.

LAVA's Investment Capital Conference features a unique content-rich
program and effective networking; delivering unique and essential
knowledge and contacts to top-level executives from early-stage to
middle-market companies. Keynote speakers include: Jerry Greenfield,
Co-Founder of Ben & Jerry's Homemade Icecream and Dean Kenneth Starr,
Pepperdine School of Law.

This year's event is on May 7th at the Millennium Biltmore Hotel,
downtown Los Angeles. Visit http://www.icc.lava.org
for more information.

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