Thursday, May 17, 2012
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Siemer & Associates
Siemer & Associates LLC is the global merchant bank serving the digital
media, software and technology industry.

http://www.siemer.com/

Yardi Buys Another Service Provider
Santa Barbara-based Yardi, which develops real estate and property management software, has acquired another firm, saying Thursday tht it has acquired the Multifamily Services Group (MSG) unit of ista North America. Financial terms of the acquisition were not disclosed. Yardi said the ista's Multifamily Services Group provides energy and water metering, billing and management services, serving more than 700,000 apartment units. The unit has employees in Alpharetta, Ga., Jacksonville, Fla., and S (More info...)

posted on Thursday, May 17, 2012(Full story)


HireRight Takes On Resume Padding Executives
Here's a new product that the board over at Yahoo might have wished they could have used, before the huge flap over once-CEO Scott Thompson's resume: HireRight, the Irvine provider of employment screening software-as-a-service, said it has launched a new product called HireRight Executive Biography Verification, which will help organizations to vet the biographies of high-profiles executives, board members and other high-profile positions. Pricing on the new product was not announced. HireRight (More info...)

posted on Thursday, May 17, 2012(Full story)


SmartSound Offers Free Music To Students
Are you a student or teacher looking to find music for your YouTube video project? Northridge-based SmartSound, the developer of royalty-free music software, told its users that it has started to give out free access to its music for students over the summer. The company said students will have access to its web-based music tracks--which can be customized to mood, energy level, length, and more--in exchange for a link from the schools' .edu or .org domain. SmartSound's PC software is popular wit (More info...)

posted on Thursday, May 17, 2012(Full story)


American Solar Direct Gets $5M in Equity Investment
Santa Monica-based American Solar Direct, a provider of residential solar lease and power purchase agreements, announced this week that it has raised $5M in an equity investment. The round came from WGL Holdings, inc., along with other existing investors and new investors. American Solar Direct serves the California residential solar market, and provides financing which allows homeowners to install solar power without incurring the typical upfront costs of those systems. American Solar Direct is (More info...)

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BetterWorks Goes From Feast To Famine With Layoffs
A report today from PandoDaily said that Santa Monica-based BetterWorks has terminated all of its sales and marketing staff, and half of its operations team. The move is an abrupt shift from feast to famine for BetterWorks, the high profile employee fringe benefits startup headed by prolific angel investor Paige Craig. Just nine months ago, the firm had over fifty open positions, and Craig had huge expansion plans. Now it appears that the firm is looking to pivot its model, and looking to figure (More info...)

posted on Thursday, May 17, 2012(Full story)


CODA Delivers Fleet Vehicle
Santa Monica-based electric auto firm CODA Automotive announced Thursday morning that it has delivered its first fleet vehicle sale, to AEP Ohio, a unit of American Electric Power. CODA said the vehicle is part of a demonstration project, which will help AEP's customers learn more about electric vehicles and charging infrastructure. CODA said it is hoping that other fleets will consider its vehicle, saying that fleets account for 22 percent of all vehicles in the U.S. AEP is a provider of electr (More info...)

posted on Thursday, May 17, 2012(Full story)


San Diego Entrepreneur's Milk Jug Of The Future Gets Backing Of GE
A San Diego entrepreneur is getting the backing of GE to help develop the "Milk Jug of the Future", after winning a competition launched by product development site Quirky. Stephanie Burns, the CEO of online site Chic CEO, which provides resources for female entrepreneurs, was selected as the winner of the GE Project, an invention competition which asked people to figure out a way to make an everyday project smarter with software. Apparently, Burns prevailed over 1,500 other submissions for the (More info...)

posted on Thursday, May 17, 2012(Full story)


Oversee.net Names Travel GM
Los Angeles-based online marketing and domain firm Oversee.net has named a new General Manager of its Travel Vertical today, tapping Raj Beri for the position. Beri will oversee the firm's LowFares.com, FareSpotter.net, AboutAirportParking.com and AirportParking.com. websites. Beri joins the company from IgoUgo, an online travel planning and content site owned by Travelocity, and also has served at McGraw-Hill and The Monitor Group. Oversee.net's various travel websites provide flight and vacati (More info...)

posted on Thursday, May 17, 2012(Full story)


GameSalad Creator Launches On Windows
Are you an enthusiastic game player, and really wish you could create your own iPhone games, but don't own a Mac? GameSalad, the developer of the popular GameSalad Creator software which allows non-programmers to easily create games for the iPhone on their Mac, said today that it has launched a version of its software for Windows. According to GameSalad, the software--which will be available on a first-com, first-served basis--provides all of the features of its Mac software, which will continue (More info...)

posted on Thursday, May 17, 2012(Full story)


Buy.com Parent Rakuten Leads $100M Round In Pinterest
Rakuten, the Japanese e-commmerce giant which owns Aliso Viejo-based e-commerce site Buy.com, has just grabbed a stake in up-and-coming Internet sharing site Pinterest, according to reports today. Pinterest, which allows people to share pictures with their friends, comment on those pictures, and more, is expected to announced a $100M funding round, which was led by Rakuten, and also includes Andreessen Horowitz, FirstMark Capital and Bessemer Venture Partners. The Wall Street Journal reports the (More info...)

posted on Thursday, May 17, 2012 (More)(Full story)


Edmunds.com In Data Deal With Dealership Software Company
Santa Monica-based Edmunds.com reported today that it is in a new, data sharing agreement with the developer of a dealership inventory management and marketing tool, Nexteppe. Financial details of the deal were not announced. Edmunds.com said it will provide its data via Nexteppe's inControl Pro system, which is used by dealers to compare new and pre-owned vehicle prices with other dealers in the market. The company also said the deal will give consumers access to trade-in vehicle pricing throug (More info...)

posted on Thursday, May 17, 2012(Full story)


Kythera Files For IPO
Calabasas-based KYTHERA Biopharmaceuticals, a developer of biopharmaceuticals for the aesthetic medicine market, has filed for an IPO. According to the firm's S-1 filing, Kythera is looking to raise up to $86.25M on the NASDAQ Global Market as KYTH. The firm's offering is being underwritten by J.P. Morgan, Goldman, Sachs & Co., Leerink Swann, and Lazard Capital Markets. Kythera is venture backed by Versant Ventures, ARCH Ventures, Prospect Venture Partners, JAFCO, Fidelity, among others. The fir (More info...)

posted on Thursday, May 17, 2012(Full story)


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SDVG 10th Annual Venture Summit – June 6, 2012
Manchester Grand Hyatt, San Diego

Over 75 VCs, 25 Cool Companies and 2 Fantastic Speakers!

San Diego Venture Group presents its 10th Annual Venture Summit on June 6. This year featuring two fantastic keynote presentations: David Duncan, author of “The Experimental Man” and Roger McNamee, co-founder of Elevation Partners. Join us as well for our panel with leading institutional L.P.s on the future of the small venture fund.

25 of San Diego’s Coolest Companies will be on display for you to meet. Come join the best networking event in Southern California. 75 VCs have already signed up to attend. Last year we sold out so don’t delay!

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Free Webcast From TriNet - May 24th
Topic: Building a Benefit Suite that Fits Your Unique Business Needs

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Fetch Recruiting, Inc.
Fetch Recruiting, Inc. (http://www.fetchrecruiting.com)
Technical Recruiting for LA based Startups and High-Growth Companies

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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.

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PwC Shaking the MoneyTree - May 24th
LAVA hosts PwC's Shaking the MoneyTree

Thursday May 24, 2011
6:00pm - 9:00pm

Please join LAVA, PwC and a distinguished panel of industry experts and local VCs for their insights on the results of the Q1 2012 PwC/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 PwC 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.

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