Thursday, June 25, 2015Tinder Heads Down IPO Path, Albeit With The Rest of Match.comLos Angeles-based mobile dating app developer Tinder, which is currently owned by IAC, is aiming at an IPO, according to IAC Thursday, although the hot dating app developer will be bundled with the rest of Match.com and IAC's other dating properties. According to IAC, its board approved the pursuit of an IPO of The Match Group, which will include Match, Meetic, and OurTime, and OkCupid, in addition to Tinder. IAC said that The Match Group will continue to be led by Chairman Greg Blatt and CEO Sa (More info...)
posted on Thursday, June 25, 2015(Full story)
Curbside Plans Expansion To SoCal With On Demand Pickup Service,On-demand pickup service Curbside, which develops a mobile, on-demand app and associated service that lets users buy products from retailers such as Target and Best Buy, and pick them up later that day, is planning to expand to Southern California. The company announced the plans in conjunction with a new, $25M Series B funding for the company. That round came from Sutter Hill Ventures, along with Index Ventures, AME Cloud Ventures, Qualcomm Ventures, and others. Qualcomm Ventures is the ventur (More info...)
posted on Thursday, June 25, 2015(Full story)
Crosscut Ventures: Tapping Into The Promise of Silicon Beach, with Brian Garrett
Earlier this week, Los Angeles-based CrossCut Ventures (www.crosscutventures.com) announced its third, venture capital fund--a continuation of an investment theme very much centered around the growth of Southern California, and in particular, the Silicon Beach startup ecosystem. We spoke with one of the co-founders of CrossCut, Brian Garrett, ahead of the announcement earlier this week. CrossCut started as a tiny, $5M seed stage fund in out of the worst markets for startups and venture capital (More info...)
posted on Thursday, June 25, 2015(Full story)
CarLove.co Launches On-Demand Car Repair ServiceVenice-based startup CarLove.co has launched a beta of a new, on-demand service for car repair, starting in West Los Angeles, the company said today. The service lets users pick a nearby car mechanic, and actually dispatches a driver to pick up your car and deliver it to the mechanic for you--so you never have to leave the house. CarLove said that its insured drivers are dispatched, take the car to the garage of your choice, where your car is diagnosed and you are given a quote and ability to ap (More info...)
posted on Thursday, June 25, 2015(Full story)
Memjet Expands Footprint In San DiegoSan Diego-based Memjet, a developer of color inkjet technology, said it has expanded its headquarters in San Diego. The company says it has moved into a 25,000 ssquare foot building which combines Memjet's two previous facilities in San Diego, featuring a demo area for customers, and expanded laboratories and corporate offices. The company says the new headquarters come due to a "tremendous" amount of growth in revenues and OEMs utilizing its technology. Memjet is led by Len Lauer.
posted on Thursday, June 25, 2015(Full story)
Connexity Buys PriceGrabberLos Angeles-based Connexity has acquired PriceGrabber, the online shopping comparison engine and lead generation, the two said Wednesday. Financial terms of the buy were not disclosed. Connexity offers up online marketing services, and was until recently known as Shopzilla, also well known for its comparison shopping tools. According to Connexity, PriceGrabber's shopping network helps more than 2,000 retailers access tens of millions of shoppers each month. Connexity is led by Bill Glass.
posted on Thursday, June 25, 2015(Full story)