Los Angeles-based reporter with PandoDaily.
@petergatsby You are correct. I've corrected this above, thanks.
5 days, 18 hours ago on Hoxton Ventures aims to bring Silicon Valley DNA to Europe with a new $40M early stage fund
@Penenberg @DayvidJannFigler It wasn't a lawsuit in the traditional sense of seeking damages. It was a suit in search of a declaratory judgement, meaning Goldieblox was asking the judge to rule that they hand't infringed. If they won, it would have been a shortcut through an otherwise lengthy and expensive trial. It's just good lawyering.
1 week, 5 days ago on The GoldieBlox playbook: Imitate Youtube and Samsung
@Astar291 As far as I know, you just sign up for a free account and you'll get an email offering the upgrade.
1 week, 5 days ago on BillGuard’s CEO on new savings product: “We’re building what Mint should have been”
goat, not to be confused with G.O.A.T.
2 weeks ago on Wall Street redemption: Jerry Yang joins the board of market darling Workday
@gacbmmml Skee-Ball Arcade, Wordly, Mini Golf MatchUp, and Bubble Galaxy With Buddies.
2 weeks ago on Will the real Scopely please stand up? Behind the scenes of four consecutive No. 1 iOS game launches
@DouglasCrets Thanks, fixed this.
2 weeks ago on Calacanis: Regular people are gambling in Vegas. Of course they should be able to angel invest
@neoganda gold star
1 month ago on Pose and Little Black Bag merge, promise a match made in “content plus commerce” heaven
@JordanThaeler Jordan, I appreciate the thoughtful commend, but it sounds like you might not know how the ShoeDazzle story ended. Crosscut obviously believed that the company's valuation had exceeded rational levels and decided to take money off the table. It was fortunate to have the opportunity to do so, as this is not always the case. But in the end, it proved to be the right move as the late-stage investors got pennies on the dollar for their investment by way of the company's acquisition by its largest competitor.
As for the valuations at which Crosscut invests, all I can say is that it's a competitive market and they presumably make compelling offers to entrepreneurs or they wouldn't accept. Very few Seed- and Series A-stage companies generate $1M EBITDA. Founder/financier alignment comes from the mutual desire to have everyone incentives to work toward creating value over the long term (and the desire to foster a positive reputation in the small startup/venture community so that future deals will be possible).
1 month ago on The little VC that could: How Crosscut Ventures turned a measly $5.1M into a killer early stage portfolio
@AlexCapecelatro1 Thanks, corrected
1 month ago on Viddy becomes Supernova, launches new social expression products including a Snapchat competitor
The bitcoins haven't been removed from circulation if the government plans to liquidate them eventually (especially if they do so in a large block). Plus, added uncertainty is typically a drag on any asset class.
1 month, 2 weeks ago on Bitcoin down 10% as FBI announces seizure of another $28.5M from Silk Road’s founder
As far as I understand, it automatically creates both Flash and HTML5 units, each in multiple sizes.
1 month, 2 weeks ago on PaperG brushes off competition from Google, continues to grow profitably
@JoshDeax You can suggest whatever you like, but I don't think you've made a compelling case. Stats for Android downloads per month has nothing to do with paid users. Also, Tibbr supports Android as well as iOS, Blackberry, and Windows Phone (with the latter two representing a bigger percentage of users than one might guess based on their international reach). Finally, their parent company TIBCO is a public company, making the risk of misrepresenting key data like paid user growth a major accusation.
1 month, 3 weeks ago on For Tibbr, social is the center of the enterprise universe, and it’s got three new apps to prove it
@Beauty Industry Exec Strong opinions, but not terrible informed. Beachmint and ShoeDazzle are not Science companies. But yes, every market has winners and losers. LA is no exception.
2 months, 1 week ago on Why investors should take another look at ecommerce
@grouffman I love how you got yourself all up in arms about this but couldn't be bothered to go check the Google Play store for yourself beforehand (there's even a link in the article). Yes, there are 9.115 ratings of the Android Shopular app.
2 months, 1 week ago on Location-aware mobile savings app Shopular gets $6.4M from Sequoia to help save brick-and-mortar retail
@CarlJackson1 If you were a member paying Cross Campus $600 a month for shared office space, a group looking to host an event at their space in 2014, or just generally a member of the LA tech community that values their presence they you would have reason to ask yourself how well situated they are to weather a multi-hundred thousand dollar adverse financial impact. Seems pretty reasonable to me. As you said, it's newsworthy.
Also, your definition of "hit job" could use a bit of revising. This article didn't blindside Cross Campus and it in no way blames them for the unfortunate turn of events. I'm not sure how you'd like the coverage to be different. But I am sure that I won't lose much sleep over it.
2 months, 2 weeks ago on Cross Campus is moving into new space, but it’s not entirely by choice
@ranjanxroy It's not unheard of, but not all that common. But, in an ideal situation, the size of funding rounds is should be more about how much cash it needs and nothing else. JustFab didn't feel it needed another $76M (or more) and thus didn't take on that level of dilution – although I suspect it would have had little trouble generating enough interest among investors. The company also raised a large Series B round (relative to its competitors which each raised in the $30-40M range).
2 months, 2 weeks ago on JustFab raises another $40M to prove that fast fashion ecommerce is a billion dollar global opportunity
Thanks for weighing in, but I have a great relationship with Cross Campus and have never personally threatened them or covered them negatively. I spoke to the company and their position is accurately reflected in the article. From where I'm sitting, it is factually accurate and fair. For you to say otherwise say far more about your biases and predispositions than mine.
@danrgreen It looks like the website is currently "down for service" so they may be updating it now. Also, this is not a self service product, so you need to communicate with the company to enroll.
2 months, 2 weeks ago on “Work is no longer a place” — oDesk launches Private Workplace to better manage freelance talent online
@laprade Thanks, corrected.
2 months, 3 weeks ago on Yesware raises a $13.5M Series B from Battery Ventures to drag sales from an art into science
@LA_Banker You've added tremendous value to this discussion. Thank you
3 months, 1 week ago on Warby Parker: The tech startup that isn’t a tech company at all