Monday, May 6, 2013
Panna Gets Funding From LA Investors For iPad Cooking Magazine
A number of Los Angeles investors are behind a first round of funding today for Panna, a developer of a video cooking magazine for the iPad and iPhone. Panna, which is based in New York, said it raised $1.35M in funding from Anthem Ventures, Launchpad LA, Lerer Ventures, Crosslink Ventures, Maveron, Advancit Capital, RSL Venture Partners,David Tisch's BoxGroup, Rick J. Caruso, Ken Siskind, Jay Livingston, Dan Rose, Aaron Schiff and David Levy. Panna's app lets users cook alongside celebrity chef (More info...)

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Cheers Links With Facebook, Instagram Photos
Cheers, the developer of a mobile app aimed at spreading gratitude and cheer to people--which is venture backed by $2.5M in venture funding--has just released a new version of its app, which lets users use Facebook and Instagram photos. The startup, which is headed by Farhad Mohit (Bizrate/Shopzilla) and backed by MindFund, Charles River Ventures, Trinity Ventures, Naval Ravikant, and others--has the tagline "celebrate life and happiness." Cheers is based in Los Angeles.

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Hulu Plus Hits Windows Phone 8
Hulu the online television streaming site based in Los Angeles, has added support for Windows Phone 8, the company announced Monday. According to Hulu, its Hulu Plus for Windows Phone 8 is now available in the Windows Phone Store. The new app organizes videos by category, including TV, Movies, Latino, Trailers and Kids, and allows users to access any episode with a Hulu Plus subscription. Hulu Plus is Hulu's monthly, premium subscription service.

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Marlin Equity Completes Nokia Optical Networks Buy
Los Angeles-based private equity firm Marlin Equity Partners said this morning that it has completed its acquisition of the Optical Networks business of Nokia Siemens Networks, and has renamed that business Coriant. Marlin said the new company will be headquartered in Munich, Germany. Marlin said the acquisition is its sixth, corporate divestiture acquisition since the beginning of 2012. Nokia's Optical Networks business developed optical transport hardware and software.

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InstaMed Gets More Funding
Newport Beach- and Philadelphia-based InstaMed, which operates an online electronic payment clearinghouse for the healthcare industry, said today that it has raised an internal round of funding. Size of the round was not announced. The firm said the funding came from its existing investors, and will go towards growth of its customer base. InstaMed is headed by Bill Marvin; the firm has formerly announced such backers as Ashby Point Capital and
Osage Ventures, but it's unclear if those firms wer (More info...)

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IDrive: We're The Biggest Cloud Service In LA You've Never Heard Of
Los Angeles-based IDrive has a bold claim: it's the biggest cloud service provider in Los Angeles. Why? The online cloud storage service provider says it now has 35 petabytes worth of user data stored on its service, an online backup and synchronization service aimed at the personal and small business market. IDrive--which is run by Pro Softnet--said that it has just passed 2 million, online user accounts, and has backed up around 400 million smartphone contact records for its customers. IDrive (More info...)

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Arrowhead Gets $36M In PIPE
Publicly held biotherapeutics developer Arrowhead Research said this morning that it has raised $36M in a private offering. The Pasadena-based company said the new financing was led by RA Capital, and included new investors Camber Capital, Special Situations Fund, and Aquilo Capital. Existing investors Sabby Capital, Sphera Global Healthcare Fund, and Jim Mellon also participated in the offering. Arrowhead Research has a number of biotherapeutics candidates, aimed at such areas as cancer, obesit (More info...)

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Oracle Founder Larry Ellison's Latest Investment: Malibu Real Estate
In the latest Silicon-Valley-tech-mogul-buys-into-SoCal story, it looks like Oracle founder Larry Ellison has been making some big investments in Southern California--in the real estate area. The LA Times said this weekend that Ellison has spent an estimated $200M to $250M acquiring at least nine properties in Malibu. It's unclear what Ellison plans to do with property. Ellison is no stranger to property purchases: lsat summer, he acquired the entire Hawaiian island of Lanai. Many of the technol (More info...)

posted on Monday, May 6, 2013(Full story)

Novatel Wireless Targets M2M Market With MiFi
San Diego-based Novatel Wireless, the developer of the popular MiFi mobile hotspot device, is targeting the M2M and fleet management market with its technology. According to Novatel, it is providing customization of the platform for the in-vehicle connected car market, commercial telematics and fleet management, and fixed telemetry. The firm said it is hoping to make it easier to connect such devices as video surveillance cameras, digital signage displays, point-of-sale systems to the Internet; (More info...)

posted on Monday, May 6, 2013(Full story)

DTS Ships In New Toshiba Notebooks
Calabasas-based audio enhancement and surround sound technology developer DTS said this morning that its technology is shipping in the new Toshiba Kirabook notebook computer. According to DTS, its DTS Studio Sound products are being used in the new product, for surround sound and other audio enhancement. Financial impact of the win was not announced.

posted on Monday, May 6, 2013(Full story)

Splash LA - May 30th - Hollywood Roosevelt
Calling all entrepreneurs and investors: Vator Splash LA is being held on
the evening of May 30 at the famed Hollywood Roosevelt.

So save the date. Use "Socal15" on any of the tiers. You can register

What do Peter Thiel, Mark Pincus (Zynga), Aaron Levie (Box), Brian
Sharples (Home Away), Tim Westergren (Pandora),Dick Costolo (Twitter)
have in common? They've all spoken at Vator Splash, sharing their advice on
what it takes to build a startup. Vator Splash is the only event dedicated to helping entrepreneurs learn from seasoned and successful entrepreneurs so you can learn from their mistakes and be energized by their determination and will to succeed. It is an event that inspires.

Vator is href="">now taking
applications to find promising startups (must have not
raised more than $2M in financing). It's free to enter. Even if you're
not raising funds, it's a great stage to get exposure and access to an
incredibly high-profile group of investors and entrepreneurs. There's
also $25k-plus in prizes and sit-down meetings with top VCs.

Register today!

A Virtual Hangout with Brad Feld @ the ATI - May 24th
Don't miss it!

A Virtual Hangout with Brad Feld @ the ATI

WHERE: Dr. Dianne G. Van Hook University Center, Room 258
at College of the Canyons
26455 Rockwell Canyon Road
Santa Clarita 91355

Don't miss Brad Feld at the ATI on Friday, May 24th as he talks about startups, entrepreneurship, and what it takes to build an entrepreneurial ecosystem. Mr. Feld is a Wall Street Journal bestselling author, co-founder of Foundry Group and TechStars, and a successful investor in such companies as FeedBurner (acq. by GOOG), NetGenesis (NTGX), and Zynga (ZNGA). Come at 2:30 to network with investors, start-ups, and our sponsors from Silicon Valley Bank. Be one of the first 100 to register and attend and receive a FREE copy of Startup Communities: Building an Entrepreneurial Ecosystem in Your City!


TVC Capital LLC
TVC Capital LLC (
Investments in and Acquisitions of Growing Software Companies

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infrastructure ~ connectivity ~ co-location ~ cloud

Fetch Recruiting, Inc.
Fetch Recruiting, Inc. (
Technical Recruiting for LA based Startups and High-Growth Companies

TechCXO - New Los Angeles Office To Serve Technology Companies
TechCXO, a leading provider of C-Suite-level strategic and functional
consulting services for technology companies, has announced it is opening
a new office to serve Greater Los Angeles, including greater Santa
Barbara and Ventura Counties.

The firm has tapped veteran operational and financial expert Paul Meyer
to be the managing partner for TechCXO’s efforts here.Paul Meyer is an
experienced finance executive with a 25-year track record in senior
finance roles at start-up and Fortune 500 technology companies in
Southern California. For the past six years, he has run a successful CFO
consulting practice, focused on early stage to mid-market technology
companies in the greater Santa Barbara and Ventura County areas. Most
recently, he has been the CFO of Cynvenio Biosystems, Inc., an early
stage medical device company. He was also Interim General Manager of
their plastic consumables manufacturing business, BioMolded Products LLC.

To learn more about TechCXO and Paul Meyer, go to:

SoCal IP Law Group LLP
Serving the IP Needs of Businesses: IP Litigation . IP Counsel . IP Transactions . Patent & Trademark Prosecution
Westlake Village . Santa Barbara . Irvine.

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