Monday, May 21, 2012
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.

Register today!

StyleSaint's Other Backers: Andreessen Horowitz, General Catalyst
Venice, California-based StyleSaint, the new fashion-meets-Pinterest startup headed by Crosscut Ventures' Brian Garrett, has been fairly mum about its recent funding. However, the firm revealed today at TechCrunch Disrupt that its other venture backers are Andreessen Horowitz, General Catalyst, Crosscut Ventures, as well as a number of local angels. StyleSaint closed a round somewhere in early April. The firm's co-founder is Allison Beal. StyleSaint's web site allows users to create their own co (More info...)

posted on Monday, May 21, 2012(Full story)

Machinima Raises $35M
Los Angeles-based Machinima, the online video entertainment firm focused on computer gamers, said Monday that it has raised $35M in a financing round. The round was led by Google, along with prior investors Redpoint Ventures and MK Capital. Machinima said the new funding will go towards content and global sales operations, international expansion, distribution strategies, and product and technology initiatives. Machinima is led by Allen DeBevoise, and provides original content on YouTube and els (More info...)

posted on Monday, May 21, 2012 (More)(Full story)

Adconion Taps Sullivan As CTO
Online advertising network Adconion is tapping a Los Angeles technology vet as its Global Chief Technology Officer, the company said Monday. Adconion said that it has appointed Scott Sullivan to the CTO position, recruiting him away from Everbridge Communications, where he was also CTO. Sullivan also was previously CTO of Tribune Company's Innovations/Interactive Technologies group, CIO at, and a VP at Yahoo/Oerture Services, in addition to serving in executive roles at (More info...)

posted on Monday, May 21, 2012(Full story)

Fastpoint Games Acquired By Weplay
Santa Monica-based Fastpoint Games, the developer of virtual fantasy sports games which was headed by Kelly Perdew, has been sold to Los Angeles-based WePlay, Weplay announced Monday. Financial terms of the buy were not disclosed. WePlay, which is headed by Lane Soelberg, said the deal will launch it into the fantasy sports sector, allowing users of its site to create their own teams and play in fantasy leagues. Fastpoint Games was venture backed by Allen & Co., Mission Ventures, DFJ Dragon an (More info...)

posted on Monday, May 21, 2012(Full story)

Disney Merchandises Mobile Game Where's My Water
Burbank-based Disney Mobile and Disney Consumer Products announced this morning that they are merchandising products from its mobile game, Where's My Water?. Disney said it will take Swampy, the main character of the game, to licensees and retailers. The deal includes links with Hasbro, JAKKS Pacific/CDI, and Toys "R" Us. Where's My Water runs on iPhone, iPod Touch, iPad, and Android, and features Swampy the alligator, challenging users to direct water to help him get a bath. None of the financi (More info...)

posted on Monday, May 21, 2012(Full story)

SpaceX Confirms Tuesday Launch Window
Hawthorne-based SpaceX, the commercial rocket and spacecraft firm headed by technology mogul Elon Musk, is getting set for another attempt to launch its historic mission to the International Space Station (ISS). The firm--which has seen a number of delays in its attempt to launch the mission--said it will begin webcasting the launch at 3:00 A.M. Eastern time on Tuesday, May 22nd. The launch is set for liftoff at 3:44 A.M. Eastern time. SpaceX scrubbed its launch on Saturday due to an equipment i (More info...)

posted on Monday, May 21, 2012(Full story)

Xfire Gets $3M More
Santa Monica-based Xfire, the online communications and sharing app aimed at video game enthusiasts, said today that it has raised $3M in additional funding. The firm said the new funding came from IDM Venture Capital, and is expected to be part of a larger funding round. Xfire said the funding will go to fund its expansion into Asia. Xfire is headed by Malcom CasSelle. The company said the new funds bring its total raised to $7M, including a 2011 round from Intel Capital.

posted on Monday, May 21, 2012(Full story)

Qualcomm Launches Third QPrize Competition
San Diego-based Qualcomm has launched its third annual QPrize competition, the competition where the firm looks to vet and fund early stage technology companies from around the world. Qualcomm said it has increased its total prize pool to $1M for the year, and also added Brazil and Eastern Europe as regions covered by the competition. Qualcomm has divided the world into different regions, awarding $100,000 in convertible note financing from Qualcomm to winners in each region. The Grand Prize win (More info...)

posted on Monday, May 21, 2012(Full story)

Hulu Announces Summer Series
Los Angeles-based Hulu announced late Sunday evening that it will launch a full slate of new original and exclusive TV shows on the site. The online video site said it will debut the ten shows on June 4th. The new shows include "Spoilers", hosted by filmmaker Kevin Smith; other titles are "We Got Next", "The Booth At The End" plus international titles "Rev.," "The Yard," "Pramface," "Derren Brown: Inside Your Mind," "Little Mosque" and "The Promise". A number of those shows are now in their seco (More info...)

posted on Monday, May 21, 2012(Full story)

Makucell Names Pasadena Angels' Scanlon To Board
Makucell, a life sciences company developing anti-aging skin products, said this morning that it has appointed Kevin J. Scanlon, Ph.D., to its board of advisors. Scanlon is Chairman of the Pasadena Angels and also an active member of the Tech Coast Angels. Makucell did not say if it received an investment from either group as part of the appointment. Makucell is a spinout of the University of Southern California, Keck School of Medicine; the firm's co-founder and Chairman is Dr. Michael Kahn, a (More info...)

posted on Monday, May 21, 2012(Full story)

SpaceX Launch Aborted, New Try On Tuesday
Hawthorne-based SpaceX aborted its launch Saturday of its mission to the International Space Station, and said it will try against early Tuesday morning to get its Falcon 9 rocket and Dragon spacecraft into orbit. SpaceX aborted its launch on Saturday morning two seconds before launch, in what SpaceX said was a "slightly high pressure in the engine 5 combustion chamber". SpaceX said repairs are underway on its engine, and a faulty check valve on its engine. If SpaceX is able to launch and dock w (More info...)

posted on Monday, May 21, 2012(Full story)

Mindspeed In Deal With China Mobile
Newport Beach-based semiconductor maker Mindspeed said this morning that it is in a joint development agreement with China Mobile Communications Corporation. Mindspeed said the two will form a joint development lab, to support the deployment of Time Division Synchronous Code Division Multiple Access (TD-SCDMA) femtocells by China Mobile. Financial details of the deal were not disclosed. China Mobile is using Mindspeed's chips in its design of its femtocells.

posted on Monday, May 21, 2012(Full story)

SpotlightTMS Adds Advisor
Calabasas-based SpotlightTMS, the developer of software-as-a-service to help companies manage their corporate suites and sports and event tickets, reports today that it has added Jimmy Lynn to its advisory board. The firm said that Lynn is a sport marketing consultant, who previously helped develop AOL Sports. The company said Lynn spent 14 years as AOL's Vice President, Strategic Development and Partnership, managing relationships with the NFL, NBA, NASCAR, Major League Baseball, NHL, PGA Tour, (More info...)

posted on Monday, May 21, 2012(Full story)

WD Launches Stock Repurchase Program, Shifts To NASDAQ
Irvine-based Western Digital, the maker of disk drives, said today that it has authorized a $1.5 billion stock repurchase program, and will also shift its exchange listing to the NASDAQ Global Select market. WD said the shift to the NASDAQ represents a "new beginning" for the company following its acquisition of Hitachi Global Storage Technology (HGST); the shift occurs on June 1st. The company explained the share repurchase program will "create additional value for our customers and shareholder (More info...)

posted on Monday, May 21, 2012(Full story)

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!

More information and registration here:

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

Date: Thursday, May 24, 2012
Time: 10 a.m. PDT / 1 p.m. EDT

This informative webcast will provide valuable information and actionable
guidance for creating a competitive and cost effective benefits suite that aligns with your business strategy.

Register Now:

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

Green Business BASE CAMP - May 31 to June 3rd, Los Angeles
Green Business BASE CAMP provides you with expertise in entrepreneurial
skill-building, industry-specific tools, strategic networking, expert
coaching and access to the most successful people in the green and
cleantech business.

Do you know entrepreneurs who could benefit from the BASE CAMP experience?

Picture this: 100 entrepreneurs will be surrounded for four enriching days by peers they respect, industry experts they admire, and investors they will want to impress. In addition to gaining critical tools, knowledge and personal advice, BASE CAMP attendees will walk away with the confidence they need to succeed and a clear sense of where to go next.

Paul Hawken, environmentalist, entrepreneur, journalist and author will kick off the inaugural workshop activities with words of wisdom and inspiration. Paul is THE godfather of sustainable business (but you probably know that).

Register today at:

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

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