Wednesday, June 27, 2012Mayor Villaraigosa Sets Technology, Innovation CouncilIn an effort to tap into the growing Los Angeles technology industry, Los Angeles Mayor Antonio Villaraigosa, and 25 of the city's entrepreneurs, venture capitalists, and other executives announced a move on Wednesday to create the Los Angeles Mayor's Council on Innovation and Industry. According to the Mayor's office, the council was created to focus national and worldwide attention on the Los Angeles innovation economy. The mayor said the council will work on developing a "better narrative" to (More info...)
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Chill Raises $8M MoreLos Angeles-based Chill, the social video sharing and chat site led by Brian Norgard, has raised another $8M in funding, the firm said today. The firm sai the new funding was led by Kleiner Perkins Caufield & Byers and William Morris Endeavor. The firm says it now has over 18 million registered users, and that it will use the funding to accelerate development and distribution of its platform. Chill's website lets users share videos and discuss them with friends in an online social environment. (More info...)
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Los Angeles Investor Backs DoughMainA new, financial education and family organization website, DoughMain, said yetserday that it has raised funding from a private equity fund managed out of Los Angeles and Boston. DoughMain, which did not disclose details of its funding, said that the private equity fund, managing the funds of Lee Iacocca's family, backed it in its second round of funding. DoughMain provides a combination of financial education and online organizational tools for families. The firm said it has added Ned Hentz, th (More info...)
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ServiceNow IPO Pricing Expected ThursdaySan Diego-based ServiceNow, the developer of software-as-a-service for enterprise IT management, is expected to price its IPO Thursday, as the first, technology-focused IPO since the Facebook debacle. The firm, which has set initial pricing range of its IPO at between $15.00 and $17.00 per share, is backed by JMI Equity and Sequoia Capital. The IPO is being underwritten by Morgan Stanley, Citigroup, Deutsche Bank Securities, Barclays, Credit Suisse, UBS Investment Bank, Pacific Crest Securities, (More info...)
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Mogreet Ties moShare Into ShareThisVenice-based Mogreet, the developer of mobile messaging and marketing related products and services, said today that its moShare web-to-mobile sharing services has partnered with ShareThis. The firm said the deal will enable users across 1.4 million websites to share web content to mobile devices via a text message. Financial details of the integration deal were not disclosed. ShareThis is the provider of widgets which make it easier for web site visitors to share their content across a wide var (More info...)
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Eventful Reaches 20M Registered UsersSan Diego-based Eventful, the online website which helps consumers find live entertainment and local events, reported this morning that it has reached 20 million members on its site. The firm claimed that the milestone makes it the largest, aggregated audience for local entertainment seekers in the world. Eventful lists local events, concerts, music, movies, family activities, and more. Eventful is venture backed by Bay Partners, Draper Fisher Jurvetson, Omidyar Network, and Telefonica.
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