Tuesday, May 17, 2011
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.

See http://www.lava.org

DONE Ventures Sues Sedo Over Women.com, Women.net
Manhattan Beach-based DONE! Ventures, the Internet marketing and publishing firm headed by Ben Padnos, has sued domain name broker Sedo, over the firm's role in a mishandled sale of the domain names Women.com and Women.net. According to DONE! and its legal filings, it is suing for breach of contract, breach of warranty of authority, breach of fiduciary duty, and negligent misrepresentation in the domain name sale. DONE! had previously sued NBC, the owners of the two domains, in June of last year (More info...)

posted on Tuesday, May 17, 2011(Full story)

Internet Machines Sues Best Buy, EMC, Fusion-IO, Others
The firm which owns the patents of defunct PCI Express switching chip firm Internet Machines, which was based in Agoura Hills, has filed suit against a long list of defendants claiming patent infringement. Texas-based Internet Machines LLC, which appears to now own four of the patents filed by Internet Machines (later IMC Semiconductor), sued AvNet, ASUS, Best Buy, CDW, Concurrent Technologies, Cyclone Microsystems, EMC Corp. Extreme Engineering, Fusion-IO, GE Intelligent Platforms Embedded syst (More info...)

posted on Tuesday, May 17, 2011(Full story)

RayTracker Acquisition Worth $44.8M, Says Report
A report today from Greentech Media says that Pasadena-based Idealab's sale of portfolio firm RayTracker was worth $44.8M. Idealab, Quercus Trust, and Phoenix Fire had invested $3.5M in funding in RayTracker a developer of solar tracking technology. RayTracker was also based in Pasadena, but was acquired in January by solar panel firm First Solar. RayTracker was a spinout of Idealab's Energy Innovations. The disclosure of the sale price came at a solar power conference, from the firm's former fo (More info...)

posted on Tuesday, May 17, 2011(Full story)

California Led Q1 IPO Pipeline
New information released in a study of the IPO pipeline, finds that California continues to be the most active market in terms of initial public offerings. According to the Renst & Young LLP US IPO Pipeline study, California had 25 companies looking to raised $2.2 billion on the market in Q1. California was followed by Texas, Connecticut, and Florida in terms of firms aiming at the markets. Ten Southern California firms were included in the list; of those, Air Lease and Boingo Wireless both have (More info...)

posted on Tuesday, May 17, 2011(Full story)

Quest Software Backs Middleware Developer
Aliso Viejo-based Quest Software, the developer of enterprise software tools, has backed a maker of SOA middleware. According to WSO2, a Silicon Valley-based developer of middleware software, it raised $6.5M in a growth funding round, led by Quest. The investment also included Intel Capital. WSO2 develops cloud-enabled middleware software used by enterprises.

posted on Tuesday, May 17, 2011 (More)(Full story)

Active Storage Names New CEO
Torrance-based Active Storage, which develops storage devices aimed at the Mac and broadcast media market, said today that it has named Steve Rizzone as its Chief Executive Officer. The firm said that Rizzone succeeds Alex Grossman, who will be focusing on product aspects of the firm. Rizzone has previously served as CEO of IP3 Networks, Communicado, Ortel, and NetVantage, among other firms.

posted on Tuesday, May 17, 2011(Full story)

Andreessen Horowitz: ShoeDazzle Reinvents 1920's Startup
Last week's $40M funding by Andreessen Horowitz of Los Angeles-based ShoeDazzle, the monthly fashion, shoe and pursue startup headed by LegalZoom founder Brian Lee, was driven by parallels to a 1920's startup--the Book of the Month Club. According to a blog post from Andreessen Horowitz partner John O'Farrell, the firm recognized that ShoeDazzle was reinventing a concept pioneered in the 1920's, and doing so with "dazzling success." O'Farrell said that ShoeDazzle already has 3 million members of (More info...)

posted on Tuesday, May 17, 2011(Full story)

Evolve Media Opens Travel Division
Los Angeles-based Evolve Media Corp., the parent firm of Gorilla Nation and AtomicOnline, said today that it has launched a new division, focused on travel. The firm said its new Globetrotting Digital Media (GDM) division will focus on managing sales for online travel publishers. The firm said it has over 120 travel focused publishing partners, reaching 9.3 million unique global visitors monthly. The new unit is the third vertical that the firm has launched this year. Globetrotting Digital Media (More info...)

posted on Tuesday, May 17, 2011(Full story)

PowerGenix Launches New Product
San Diego-based PowerGenix, the developer of rechargeable Nickel-Zinc (NiZn) batteries, said today that it has launched a new product aimed at the micro-hybrid market. The firm said it has started production of a prototype product, in qualification with automotive OEMs. Names of those OEMs were not disclosed, nor were further details on the product. Micro-hybrid technology is being used by companies to apply hybrid auto techniques to standard cars, by shutting off the engine when a car is stoppe (More info...)

posted on Tuesday, May 17, 2011(Full story)

CytRx Sells Assets To Orphazyme
Los Angeles-based biopharmaceuticals firm CytRx said late last night that it has sold off the firm's molecular chaperone assets, to Denmark-based Orphazyme ApS. The deal is worth as much as $120M, if all development and commercialization milestones are met. The deal also included an up-front payment, which was not disclosed. Orphazyme ApS is venture backed by Novo A/S and Sunstone Capital. CytRx said the move is part of its move to monetize non-core assets at the firm. The firm has been focusing (More info...)

posted on Tuesday, May 17, 2011(Full story)

Wireless Technology Firm Opens San Diego Research Center
Pennsylvania-based InterDigital, a developer of wireless technology products, said Monday that it is opening up a new office in San Diego. According to the firm, the new West Coast Research and Development Center will help the firm tap into the region's ecosystem of innovation. InterDigital said that the center will allow it to more easily tap into the pool of talented electrical engineering and computer science graduates in the region.

posted on Tuesday, May 17, 2011(Full story)

AwarePoint Names VPs
San Diego-based AwarePoint said Monday that it has named two executives. The firm said it has named Ralph Keiser as Executive Vice President of Sales, and Jaime Ojeda as Executive Vice President of Marketing and Business Development. Keiser joins from MedeAnalytics, Ojeda from Patient Care Technology Systems (PCTS). AwarePoint develops equipment and patient tracking systems for hospitals.

posted on Tuesday, May 17, 2011(Full story)

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 lafast500@deloitte.com.

We look forward to your participation!

See: http://bit.ly/heUIxn

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, www.checkalt.com

Pixelgate.net - Internet Access, Web Hosting, Network Services
We put the "Service" back into Internet Service Provider.

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 http://www.safirepartners.com/. We are always interested in
meeting new candidates and potential clients, so feel free to email our
Managing Partner, Todd Gitlin at tg@safire.la. 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 http://www.v2tc.com

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