Tuesday, March 2, 2010
Hulu Loses Daily Show, Colbert Report
Los Angeles-based streaming media site Hulu.com said Tuesday afternoon that two of the firm's most popular shows, The Daily Show, and The Colbert Report, are being pulled from the site. According to Hulu, Comedy Central has decided to rotate the shows off the service, as of 11:59 p.m. PST on Tuesday, March 9th. Hulu said the shows will continue to be available on TheDailyShow.com and ColbertNation.com. Hulu said it was "unable to secure the rights" to extend the show, after a "series of discussi (More info...)

posted on Tuesday, March 2, 2010(Full story)

Spark Networks Gets Buyout Offer
Beverly Hills-based Spark Networks, which runs the JDate.com, Spark.com, BlackSingles.com, and ChristianMingle.com dating sites, said Tuesday afternoon that the firm is considering a buyout offer from Great Hills Partners II, LP, one of the firm's major investors. According to Spark, it has received a proposal from Great Hills to acquire all of the firm's outstanding shares, at a price of $3.10 per share. The deal is worth around $64M. Spark said it has formed a special committee of independent (More info...)

posted on Tuesday, March 2, 2010(Full story)

Perfect Market Gets $6.0M
Pasadena-based Perfect Market, a provider of software which enables monetization of long tail content of publishers such as newspapers, has raised $6.0M in a funding round, according to a recent regulatory filing by the firm. No details on the funding have been announced by the company. According to the filing, funding included new backer Mayfield Fund, along with prior investors Idealab, Rustic Canyon Partners, and Trinity Ventures and others. Perfect Market is a spinout of Idealab. The firm in (More info...)

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Insights and Opinions: Finding Your Driver
For our Insights and Opinions section today, where we feature contributions from the local community, we have an article from Ryan Blair, a local entrepreneur who was previously co-founded SkyPipeline, PathConnect, and is now CEO of Visalus--all based in Los Angeles. Ryan addresses how to break out of the day to day drudgery of a job, and become an entrepreneur. Ryan is also author of Nothing to Lose: How to Find Your Passion, Fire Your Boss, and Become an Entrepreneur (www.nothingtolose.com), w (More info...)

posted on Tuesday, March 2, 2010(Full story)

LiveOffice Looks To Archive Facebook, LinkedIn, Twitter
Torrance-based LiveOffice, a provider of email archiving services, announced today that the firm is releasing a new product specifically aimed at archiving social media sites, including LinkedIn, Facebook, and Twitter. The firm said the new LiveOffice Social Archive software is can capture and retain content from any public web site. LifeOffice said the solution is geared toward addressing recent FINRA regulations on communications by securities firms and brokers on those social networking sites (More info...)

posted on Tuesday, March 2, 2010(Full story)

Emulex Boosts IBM Offerings
Costa Mesa-based Emulex has deepened its ties with IBM, saying today that it is providing its OneConnect network adapters into five of IBM's enterprise-class and high volume servers. Emulex said its adapter will be offered by IBM on its System x3650 M3, x3550 M3, x3850 X5, x3950 X5 and x3690 X5; and three IBM BladeCenter server platforms, including the HS22, HS22V and HX5. Expected shipment volumes and financial impact of the deal was not disclosed. Emulex has recently been focusing on IBM syste (More info...)

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Active Storage Rolls Out 32TB Mac Storage Product
Torrance-based Active Storage, a venture backed developer of storage products for the Apple market, announced a new, 32TB RAID product this morning. According to Active Storage, the new 3U product is specifically targeted at media production and Apple professionals, and includes an iPhone monitoring app and native Mac OS X storage management software. Active Storage is headed by ex-Apple executives, and is venture backed by Intel Capital, Mission Ventures, and Valhalla Partners. The firm said th (More info...)

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Interview with Alec Shankman, Gotcast
Alec Shankman is CEO of Santa Monica-based Gotcast (www.gotcast.com), an online site focused on casting of actors for television shows, movies, and other productions. The firm is venture and angel backed, and was co-founded by Wil Schroter, who is involved with a number of other startups here, including Affordit. We sat down with Alec the other day to hear more about the company and what it's try to do.
At a high level, what does Gotcast do?

Alec Shankman: Gotcast is the largest online inter (More info...)

posted on Tuesday, March 2, 2010(Full story)

Teledyne Invests In Optical Alchemy
Thousand Oaks-based Teledyne Technologies announced today that it has acquired a minority interest in Optical Alchemy, a Nashua, New Hampshire-based designer and manufacturer of ultra-light electro optical gimbal systems. Financial terms of the investment were not disclosed. The firm said the strategic investment was made by its subsidiary, Teledyne Scientific & Imaging. Optical Alchemy's imaging systems are used for unmanned aerial vehicles for surveillance and targeting; Teledyne said it will (More info...)

posted on Tuesday, March 2, 2010(Full story)

Sometrics Powers Virtual Currency Efforts
Los Angeles-based Sometrics, the virtual currency startup headed by Ian Swanson, released some user and traffic numbers this morning, saying that it has now provided more than 1 trillion virtual currency credits to game users. The firm also said it has connected its to more than 100 million game user accounts. The firm--which has shifted from its original model providing analytics for social applications to now also providing advertising and virtual currency services to social game publishers. F (More info...)

posted on Tuesday, March 2, 2010(Full story)

Kofax Hires Investment Banker
Irvine-based Kofax plc, a developer of document management software, said late Monday evening that it has hired Canaccord Adamas as a financial advisor and broker to the company. Reason for the hiring of the firm was not given by the company.

posted on Tuesday, March 2, 2010(Full story)

Sorenson Media Rolls API
San Diego-based Sorenson Media, which develops video encoding software and a related content delivery network, said today that it has released a new application programming interface (API). According to Sorenson Media, the new Sorenson 360 API helps developers to integrate video into their web sites. The new REST API enables such features as uploading of user-generated content and browser-side video encoding.

posted on Tuesday, March 2, 2010(Full story)

Shaking the MoneyTree 2009 Q4 Review - March 9th, Los Angeles
LAVA, PricewaterhouseCoopers and a distinguished panel of industry experts and local VCs share their insights on the results of the Q4 2009 PricewaterhouseCoopers/National Venture Capital Association MoneyTree Report based on data from Thomson Reuters.

The MoneyTree Report is a quarterly study of venture capital investment activity in the United States. As a collaboration between PricewaterhouseCoopers and the National Venture Capital Association, based upon data from Thomson Reuters, it is the only industry-endorsed research of its kind. The study is a staple of the financial community, entrepreneurs, government policymakers and the business press worldwide.

See http://www.lava.org/

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