Friday, July 23, 2010
Saatchi Online Raises $5M
Los Angeles-based Saatchi Online, an operator of an online community focused on fine arts, has raised $5M in a Series A funding this week, according to sources. The round came from Balderton Capital, and was first exposed in a regulatory filing by the firm. Saatchi Online's CEO is Robert Norton, who formerly managed the North American operations for online gaming site Saatchi Online is related to London arts gallery Saatchi Gallery.

posted on Friday, July 23, 2010 (More)(Full story)

X Prize Foundation Aims At Oil Cleanup Efforts
The X Prize Foundation, based in Playa Vista, is applying its competitive model for technology innovation to the huge, BP oil spill. According to the foundation, it is set to launch its sixth major competition next week, which will be a multi-million dollar, privately funded effort to inspire entrepreneurs, engineers, and scientist to develop highly efficient methods to capture crude oil from the surface of the ocean. No detail son the prize have yet been announced, however, the group said it wi (More info...)

posted on Friday, July 23, 2010(Full story) Acquisition By Japanese Firm Completes
The acquisition of Aliso Viejo-based by Japanese ecommerce firm Rakuten has completed, according to Rakuten. The firm, which said it would pay $250M for in May, said the all-cash deal closed as of July 1st. The firm said will remain headquartered in Aliso Viejo, under its existing executive management team and staff. The firm's first major move, post-acquisition was yesterday's announcement of an extension of its return policy to 45 days, up from the usual 30 days; the fi (More info...)

posted on Friday, July 23, 2010(Full story)

Interview with Matt Edelman, ThisNext
This week, Santa Monica-based ThisNext ( said it has raised another round of funding for the firm's social shopping site. We thought it would be interesting to speak to the firm--which is now headed by Matt Edelman--to hear where it's headed nowadays.

How long have you been at the firm now?

Matt Edelman: It's been since April 1st.

And can you talk about your prior experience, for folks who aren't familiar with your background?

Matt Edelman: The last company I ran and (More info...)

posted on Friday, July 23, 2010(Full story)

ScoreBig Snags $5.0M
Los Angeles-based ScoreBig, a stealth mode provider of unsold ticket liquidation services, has raised $5.0M in funding, according to a number of sources. Details of the company and funding have not been disclosed. Bain Capital Ventures now lists ScoreBig as a portfolio firm. The firm looks to be split between New York and Los Angeles. Adam Kanner, former Vice President Relationship Marketing and Business Development at National Basketball Association, lists himself as Founder and CEO on LinkedIn (More info...)

posted on Friday, July 23, 2010 (More)(Full story)

Amgen Adds To Board
Thousand Oaks-based biotech giant Amgen said Thursday that it has named Ronald D. Sugar to the firm's board of directors. Sugar is the former Chairman of Northrop Grumman Corp, having served as Chairman and CEO of the defense firm from 2003 to 2009. Sugar also serves on the board of Chevron, and also has served at Litton Industries, TRW, and TRW Aerospace. The firm said the addition of Sugar brings the company's number of board directors to 14.

posted on Friday, July 23, 2010(Full story)

tmpSocial Taps Joyent
Los Angeles-based tmpsocial, a provider of display advertising, in-game ad integration and virtual currency management products, has tapped cloud computing provider Joyent for its infrastructure services, the firms said this week. tmpSocial offers behavioral targeting, in-game virtual good software, and analytics services to advertisers. tmpSocial is a division of Epic Media Group.

posted on Friday, July 23, 2010(Full story)

PRTechConnect – You’ve Got News, Now Get Heard
Put your business on the map with national news coverage and blog buzz for only $999 a month. PRTechConnect leverages the resources of a full-service LA-based PR firm to distribute your news directly to a customized, targeted list of reporters and editors in print, broadcast and online media.

"In the first three days our little-known electric car startup had over 2,800 search results on Google. We got articles in local papers, Automotive News, the major automotive blogs, and interview requests from ABC, CBS, NBC and The Wall Street Journal," said Farida Fotouhi, President, Reality2 LLC. "Calls also came in from potential strategic partners and investors."

Call Trent at 310.824.9000, email us at or visit

Need Office or Tech Space? Think Glendale

The City of Glendale was recently named as a finalist for the “Most
Business Friendly City Award” sponsored by the Los Angeles County
Economic Development Corporation. Learn why Glendale is the perferct
location for your high tech startup, with companies like DreamWorks
and Disney, plus a small but growing contingent of tech firms who have
decided Glendale is the right place to be.

Learn more at

Safire Partners Executive Search
Safire Partners has completed 150+ retained executive searches since 2006
working with emerging businesses in digital media, Internet, eCommerce,
software and clean technology across Southern California. Please visit
our website to see an updated list of our clients and searches completed
at We are always interested in
meeting new candidates and potential clients, so feel free to email our
Managing Partner, Todd Gitlin at We can also always be a
friendly source for investor introductions and general market /
compensation intelligence.

Orange County High Tech Report - Sponsored by SYCR
Get the latest high tech news and information, filtered for Orange County on the Orange County High Tech Report, sponsored by Stradling Yocca Carlson & Rauth. Everything about OC - news, fundings, and events - in one place.

Also in RSS:

Costello and Sons Technology Insurance Brokers
Insuring Innovation.

Sponsored By


Recent Interviews

Browse Issues