Friday, May 13, 2011
Deloitte Fast 500 Nominations Deadline June 4
Connect. Grow. Inspire.
Deadline to submit: June 4, 2011

Submit your nomination for the Deloitte’s 2011 Technology Fast 500. The Fast 500 is a list of the 500 fastest growing technology, media, telecommunications, life sciences, and clean technology companies in the United States and Canada based on percentage revenue growth from 2006 to 2010.

Your placement on the Technology Fast 500 means increased recognition from business and financial communities, the possibility of positive media coverage and the opportunity to celebrate your company's fast growth. Companies from the Los Angeles area that make the Fast 500 list will be honored at an awards event in the fall.

For more information, visit our Web site or contact

We look forward to your participation!


ShoeDazzle Raises $40M
Los Angeles-based, the online shoe buying club headed by Brian Lee, the founder of LegalZoom, has raised $40M in a new funding round. The funding was led by Andreessen-Horowitz, and also included the firm's prior investors. ShoeDazzle, which was co-founded by celebrity Kim Kardashian, sends customers new shoes, jewelry, and handbags each month. The new round brings ShoeDazzle's total funding to $60M. Other backers of ShoeDazzle include Lightspeed Ventures, Polaris Venture Partners (More info...)

posted on Friday, May 13, 2011(Full story)

Fisker Automotive Raises Another $100M
Irvine-based Fisker Automotive, the developer of electric and hybrid cars, has raised another $100M in funding, according to a regulatory filing by the firm Friday. Source of the new funding was not disclosed. The funding was part of the firm's Series C funding. Fisker has previously raised funding from Kleiner Perkins Caufield & Byers, New Enterprise Associates, A123 Systems, Palo Alto Investors, Qatar Investment Authority and Quantum Fuel Systems.

posted on Friday, May 13, 2011 (More)(Full story)

ShareSquare Raising $1.5M
Los Angeles-based ShareSquare, the QR-code firm headed by Matthias Galica, said Friday that the firm is in the process of closing $1M to $1.5M in funding on AngelList, as the firm ramps its development efforts. Galica said it is looking to double its existing, six-person team to more quickly develop its products. ShareSquare develops a service which allows users to create their own QR codes--3D barcodes--which are being used for promoting musicians, bands, and other entertainment. Galica did not (More info...)

posted on Friday, May 13, 2011(Full story)

Report: Hulu Near Network Deal
A report today says that Los Angeles-based Hulu is close to inking a new deal with its network owners. According to AllThingsD, the deal will keep programs from NBC, Fox and ABC on the video site. There had been some rumors that the networks were pondering pulling their support from the site, as some of the original network executives backing Hulu had departed their jobs, and Hulu CEO Jason Kilar himself challenged the industry's business model earlier this year.

posted on Friday, May 13, 2011(Full story)

Demand Media Inks Major Deal With L'Oreal
Santa Monica-based Demand Media is in a major partnership with L'Oreal USA, the two said this morning. According to the two companies, the two will develop custom content and media to help connect L'Oreal brands with women seeking personalized beauty solutions, via both and eHow. Financial details of the partnership were not disclosed. In addition to content on the two properties, they companies said they will also be creating a YouTube channel especially for L'Oreal USA by Demand Medi (More info...)

posted on Friday, May 13, 2011(Full story)

ReachLocal Tapped By UK Government
Woodland Hills-based ReachLocal, the provider of local online marketing services for small and medium sized businesses, announced this morning that it has been recognized by the British Government for its efforts in the UK. ReachLocal said it received the UKTI Business Innovation Award from UK Trade & Investment, as part of BritWeek. The two said that ReachLocal launched in the UK in 2008, and has offices in London, Manchester, and Birmingham. ReachLocal helps local businesses place online adver (More info...)

posted on Friday, May 13, 2011(Full story)

Cornerstone Sees Strong Growth In Q1
Santa Monica-based Cornerstone OnDemand, the newly public developer of talent and learning management software, has reported its first quarter 2011 results, saying it saw a 63 percent, year-over-year increase in revenues for the first quarter. The firm said it had a total revenue of $15.7M for the quarter. Cornerstone OnDemand, which is headed by Adam Miller, hit the market in its IPO debut on the NASDAQ Global Market as CSOD on March 17th. The firm reported a loss from operations for the first (More info...)

posted on Friday, May 13, 2011(Full story)

Conexant Gets Investment From August Capital
Newport Beach-based semiconductor maker Conexant Holdings announced late Thursday that the firm has scored an investment from venture capital firm August Capital. Amount of the new funding was not disclosed. Conexant recently went private after an acquisition by Golden Gate Capital in February. As part of the funding, Andy Rappaport of August has joined Conexant's board of directors.

posted on Friday, May 13, 2011 (More)(Full story)

SYSPRO Adds Reseller
Costa Mesa-based SYSPRO, the developer of enterprise resource planning software, said this week that it has added a new reseller. The firm said that it has added New York software reseller Dataccount to provide its ERP software to mid-market manufacturers and distributors in the New York Tri-State area.

posted on Friday, May 13, 2011(Full story)

Southern California Game Industry Incentives - May 26th - Glendale
Southern California Game Industry Incentives: A Conversation Between
Business and Government. Local game industry developers regularly
outsource work to other states and countries due to powerful incentive
programs promoting those locations. This raises a basic question. Is there anything we can do about it? Can we incentivize local companies to hire
locally? Can we give out-of-state and foreign companies incentives to
outsource their work here? Can local municipalities craft incentives that
make financial sense to both industry and government? Can we create
a Southern California Game Industry Incentive Program? Let's find
out. Join the discussion on May 26th in Glendale.

Thursday, May 26, 2011
Glendale Adult Recreational Center
201 East Colorado, Glendale, CA 91205
5:30pm - 11pm

Learn more at:

LAVA hosts PwC's Shaking the MoneyTree
LAVA hosts PwC's Shaking the MoneyTree
Thursday, May 26, 2011
6:00 PM to 9:00 PM
Location: Shutters on the Beach, 1 Pico Boulevard, Santa Monica, CA 90405-1063

Please join LAVA, PwC and a distinguished panel of industry experts and local VCs for their insights on the results of the Q1 2011 PwC/National Venture Capital Association MoneyTree Report based on data from Thomson Reuters.


CheckAlt Payment Solutions
CheckAlt Payment Solutions is a payment processing company providing Check21 services allowing businesses nationwide to utilize its eCheck and patented Remote Desktop Capture (RDC) systems to improve their top and bottom lines. The CheckAlt eCheck is the "email a check" solution that allows businesses from merchants and property managers to universities and non-profits to maximize cash flow and accounting accuracy.

Learn more about CheckAlt at their website,

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.

Ventura Ventures Technology Center (V2TC) - Business Incubator
The Ventura Ventures Technology Center (V2TC) is a high-tech business incubator located in downtown Ventura, CA. V2TC offers a creative environment where high-tech start-ups and entrepreneurs can network, brainstorm, and grow their business. Work-spaces are affordable, flexible and scalable in order to allow companies the ability to manage their growth effectively and efficiently.

Learn more at

Vator Splash LA - May 26 - Los Angeles
On the evening of May 26, Vator will be holding its inaugural Vator Splash LA event at The Highlands Hollywood. This upcoming Splash will showcase 10 up-and-coming startups, prominent VCs and founders of the leading LA-based companies - Demand Media and ReachLocal. Hear Shawn Colo, co-founder and EVP of M&A at Demand Media, share his lessons and advice on building Demand from scratch in 2006 to one of this year's hottest IPOs. Shawn will also talk about the future of Demand. Hear Zorik Gordon, co-founder and CEO of ReachLocal, share his lessons and advice on building his startup since 2004 to become one of the hottest tech IPOs last year. With ReachLocal's recent acquisition to get into the daily deals business, Zorik will also address his view on the future of daily deals.

SocalTech has secured a great discount for our members. Use "SocalTech30" for a 30% discount on tickets:

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