Thursday, August 11, 2011
Siemer & Associates Publishes Q2 2011 Exit Report - Download Today
Siemer & Associates, the merchant bank serving the digital media, software, and technology industry, has published its Q2 2011 Exit Report.

The report provides an in-depth review of M&A activity and public company
valuation metrics in the digital media and software industries during the second quarter of 2011.

Click below to read the full report:

Geni Tilts Toward Pro Users
Los Angeles-based Geni, the family tree and genealogy site, looks to be further tilting its efforts towards its paid, Pro users, by swizzling access to the various features of the site. Geni said Thursday evening that it would give users full permission to add, edit, and merge historical profiles on the site, but will now restrict non-pro user from adding or merging those profiles. In addition, Geni said that only pro users will have the ability to search through the site's 110 million profiles (More info...)

posted on Thursday, August 11, 2011(Full story)

KidZui Catches $2M, Launches New Service
San Diego-based KidZui, the developer of a kid-friendly Internet browser, said this week that it has raised another $2M in funding, and launched a new effort called The firm said the funding included Mission Ventures, Maveron, and Emergence Capital. is a new, search engine focused on kids aged 3 to 12 years old.

posted on Thursday, August 11, 2011(Full story)

Elevator Labs Lands $20M
Los Angeles-based Elevator Labs, a new startup headed by ex-Virgin Digital execs Brendon Cassidy and Zack Zalon, said Thursday that it has raised $20M in an initial funding round. The round came from KGC Capital. According to the firm, it is looking to incubate new companies in the Los Angeles area. The firm's current portfolio of companies includes Hello Music, Wilshire Media Group, and Fat Cloud. Elevator Labs said it wants to build a "community of
innovation with existing Los Angeles techno (More info...)

posted on Thursday, August 11, 2011(Full story)

Interview with Eli Portnoy, ThinkNear

Towards the end of last month, Culver City-based ThinkNear ( announced a seed round of funding for its location-based mobile advertising service, with notable inclusion of such firms as IA Ventures, Google Ventures, Qualcomm Ventures, and others. To hear more about where exactly the firm fits in a crowded space, we spoke with Eli Portnoy, the firm's founder.

Thanks for the time today. To start, why don't you describe how your mobile ads work?

Eli Portnoy: ThinkNear is a (More info...)

posted on Thursday, August 11, 2011(Full story)

eHarmony Taps Zynga Vet As New CEO
Santa Monica-based eHarmony, the online dating and matchmaking site, announced this morning that it has named Jeremy Verba as its new Chief Executive Officer. Verba joins the firm from Zynga, where he was founding General Manager of that firm's Treasure Isle title. Verba had previously served as President and CEO of teen community site Piczo, as well as AOL, E! Online, and CNET. The site said that Verba will help the firm as its expands its markets internationally and via mobile.

posted on Thursday, August 11, 2011(Full story)

Boingo Inks Deal With Krispy Kreme Franchise
Los Angeles-based Boingo Wireless said Wednesday that the firm has extended its deal with the Krispy Kreme donut stores, and will offer Wi-Fi service at Krispy Kreme stores in Nevada, Colorado, Utah, Idaho, and Wisconsin. The Wi-Fi deal is with operator Westward Dough Operating Company, LLC. Boingo was already offering up Wi-Fi in Southern California at Krispy Kreme stores operated by Great Circle Family Foods, LLC. Financial details of the deal were not disclosed. Westward Dough Operating Compa (More info...)

posted on Thursday, August 11, 2011(Full story)

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

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.

Costello and Sons Technology Insurance Brokers
Insuring Innovation.

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