Although it’s unclear if Facebook’s IPO this morning will help any Southern California companies get to their own IPO exit, there’s one thing that’s bound to happen (given the immense amount of money just raised by Facebook): it’s bound to take Facebook to the top of the companies with the most cash and buying power [...]
The folks over at Los Angeles-based Namesake not only know how to turn code, they apparently are the masters of infographics. Their latest is a detailed graphic of Zynga (which filed for an IPO a few hours ago.)
Reading Groupon‘s S-1 recently, I kept getting flashbacks to probably one of Southern California’s biggest flameouts, MVNO Amp’d Mobile. Amp’d had raised over $375M in venture capital, managed to push annual revenues to over $500M, but ended up declaring bankruptcy rather than seeing a spectacular exit or IPO. Amp’d (which disappeared back in 2007), had spectacular [...]
Silicon Valley has (just) noticed that Green Dot had an IPO–oh, just three months later– and beat the pants off of any number of other IPOs this year. Sequoia’s Michael Moritz apparently has been talking about the success of Green Dot up in the valley: Green Dot: The $2 Billion IPO You’ve Never Heard Of [...]
Ha! I saw with amusement as the New York Times, the Financial Times, the Associated Press, Reuters, and the rest of the world covered the fact that Walmart had taken a stake in Monrovia-based Green Dot, which is in the midst of an IPO. Almost all the articles credited the Financial Times with picking up [...]
For those trying to keep track — seems like every list I’ve seen is incomplete — here are the IPO filings I’m aware of in Southern California: Demand Media (Santa Monica) – rumored, not yet filed RealD (Los Angeles) Green Dot (Pasadena) Genmark Diagnostics (Pasadena) Fallbrook Technologies (San Diego) GameFly (Los Angeles) ReachLocal (Woodland Hills) [...]
This morning, we published the results of an extensive study of the impact of venture capital companies on Southern California in terms of exit values, finding that exits from VC-backed firms between 1995 and 2009 generated an astounding $48 billion (billion with a capital B) in value. The study, which was conducted by Jon Funk [...]
There’s a lot of folks gambling on the IPO market this week, with a bunch of IPO news — both from local VCs as well as one local company. This morning, ReachLocal filed for an IPO, in what has been a long-anticipated move for the firm. ReachLocal started releasing financial information as a private company [...]
How many possible VC-backed IPOs are still in the pipeline this year, after two successful offerings (OpenTable and SolarWinds) broke the IPO drought? VentureWire has handicapped the seven, possible venture-backed IPOs in the pipeline, and finds just one in Southern California– Thousand Oaks-based Nexsan. Disk-storage-systems maker Nexsan also has doubled its revenue over the last three years, [...]
The recent dearth of venture backed, technology IPOs has ended, as of this morning, when SolarWinds (a Texas maker of network management software) had an IPO on the NYSE. It’s been a long drought nationally, but an even longer drought locally for IPOs in Southern California. It looks like OpenTable – out of San Francisco [...]
Thoughts and commentary from Benjamin F. Kuo, publisher of socalTECH.com.
