From the category archives:

Venture Capital

Introducing HAAWK

by Ryan on September 22, 2017

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Introducing HAAWK.

HAAWK monitors, monetizes, and enforces copyrights on user-generated video and audio platforms (YouTube Content ID, Facebook, Spotify, Apple Music, SoundCloud, and more). We’re building fresh technology to help bring accountability, transparency, and newfound revenue to today’s music and video rights holders. HAAWK was co-founded by myself and Ben Barger, an aeronautical engineer and operations specialist who headed up operations at our previous company, AdRev/AudioMicro, Inc..

HAAWK just closed it’s first round of funding, a $2.5M series seed round led by some of Southern California’s top VC firms and HAAWK recently acquired the assets of Dart Music, a music distribution and metadata company to help jumpstart our product offering and expand our distribution reach.

Details of HAAWK’s funding and the Dart acquisition were covered in TechCrunch, Music Business Worldwide, Digital Music News, and SocalTECH.

Thank you for your support.

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Are you a startup in LA looking for funding? Check out the LAVA ICC on June 13th!

by Ryan on June 12, 2012

LAVA logo Los Angeles Venture Association

 

 

 

 

If you’re a startup in LA and presently seeking a round of funding, you should check out the LAVA Investment Capital Conference on June 13th (this Wednesday) from 1pm to 8pm at the Skirball Center. Many of LA’s top startups, venture capitalist, angels, incubators, accelerators, and advisors will be there so if you’re looking to get your “pitch on” or otherwise grow your network, it’s a great place to be. More details and registration info here –>  http://icc.lava.org/

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LA Startup Incubators / Accelerators / Mentorship Programs as Compared to NCAA Football Conferences

by Ryan on November 8, 2011

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So the writer’s block consensus was to write about LA startup incubators and mentorship organizations (2x as many votes as the other proposed topics). In the spirit of a college football season, I’ll break down the LA startup incubator scene by drawing comparison to the top conferences in NCAA Division I Football  (*Please note that I left the Big East off of this list because the conference is in such turmoil these days I didn’t want to get any heat by making a comparison there).

Launchpad LA (the SEC)

Having won the past 5 National Championships, the SEC attracts the top recruiting talent and is the most dominant division in college football today. So if one of these incubators is the SEC, my vote goes to LaunchpadLA. Run by a Mark Suster, the world’s #3 VC Power Blogger ($10 says he’ll be #1 when the new rankings come out in January), LaunchpadLA has not exactly been structured as an accelerator (at least not in the past), but more of a mentorship organization.  Launchpad has previously not made direct cash investments in companies, but that’s all changing…Today Launchpad announced that each member of class 3 will receive a $50,000 investment from a pool of capital contributed by folks like Rincon Ventures, IdeaLab, and AudioMicro corporate counsel, Stubbs Alderton, among others.  In addition to seed capital, LaunchpadLA will also be offering free office space to it’s members in addition to dedicated in office time with it’s mentors.  Launchpad’s mentorship program was previously structured whereby the entrepreneurs are assigned 2 mentors – one of which is a more senior, previously successful entrepreneur, and the other a local VC.  As an alumni of LAunchpadLA, class 1, clearly the rankings here are a bit biased.  That being said, I can honestly attest that our participation in LaunchpadLA class 1 has opened more doors and made more real life, valuable connections, than any other affiliation, conference, or networking event in our company’s 4 year history.

Mucker Lab (the Big 12)

A newcomer with a good PR and a seemingly solid team, Mucker lab comes in at #2 on this list due to their long and impressive mentor roster as well as their official TechStars affiliation. Now it may seem that anyone can start a TechStars affiliate (TechStars has an open source affiliate model), but I imagine that to actually be given the blessing of  Brad Feld Co., Mucker had to prove its the real deal, as a location like LA has been ripe for an official TechStars accelerator for so long.

UPDATE:  It’s important to note that Launchpad LA is also a TechStars affiliate and that David Cohen and Dave Tisch of TechStars are investors in the new Launchpad LA fund.

IdeaLab (the Big 10)

There’s not much I can say about IdeaLab because truth be told I don’t have any personal experience with the folks there.   Headed by GoTo (which became Overture, Yahoo’s equivalent of Google AdWords) founder and serial entrepreneur Bill Gross, IdeaLab’s an incubator that’s been around for a while now.   Bill’s the kind of guy that speaks at the TED Conference and if you’ve ever seen an interview with him, he’s clearly on a higher level of intelligence than most folks (me included) could ever hope to be.  That alone should be enough to make you want to check out IdeaLab.  It’s also important to note that IdeaLab is one of the investors in LAunchpadLA’s new class 3 fund so the two conferences are closely related.

Originate Labs (the Pac 12)

Originate’s an incubator that brings something a little different to the table:  They invest technology resources (in addition to cash). In short, what this means is that they trade software development services for equity. In a world where most of your early capital goes into product, I feel that Originates model is a welcomed addition to startup investment scene. After all, if youre willing to give XX% of your company to a CTO or other co-founder, why not give up less, get your product to market, and get some momentum going without having to be married to a technical co-founder from the get go, especially when solid technical resources are seemingly hard to come by in Los Angeles (at least that’s what some folks say)?  In addition to the technology resources they invest, Originate recently announced an affiliation with the Tech Coast Angels, whereby TCA will work with Originate to invest cash in promising Originate projects. Sort of the best of both worlds.

Amplify (the ACC)

Now I am not entirely sure what the deal is with Amplify as its a newcomer to the LA accelerator scene. What I do know is that its headed by Paul Bricault of Greycroft Partners and though I don’t know Paul well, he sure seems friendly and based on his This week in VC episode he’s highly experienced in the Hollywood / New Media scene. I’d write more if I knew more, but for now there is just a parking page up on the Amplify website and some light chatter among LA entrepreneurs.   I’m not sure if / how much cash they have got to put to work, the structure of the program, or any other details.  I’m now hearing that highly successful entrepreneur, LA angel, and Betterworks CEO Paige Craig may be involved, and that alone should be enough to make you want to be a part of Amplify. Pay close attention to this one and expect more details to be revealed in the near future.

UPDATE: Amplify LA just announced they have raised a 4.5M fund from TV Producer Mark Burnett, Greycroft Partners, Rustic Canyon (shout out to Ed Fu and David Travers!), Tim Draper (the “D” in AudioMicro investors DFJ Frontier), LA angels Paige Craig and Tom McInerney, as well as other notable names. They’ll be investing $50k per startup and providing office space and mentorship.  More details here and here.  Given the news and amazing team, they ‘re surely due for a conference upgrade (perhaps to the PAC 12 or BIG 10). In the interest of not having to re-arrange this entire post, they’ll have to stay here in the ACC for now. Cheers!

Founder Institute (Mountain West)

Now just remember, before you rip on the Mountain West, keep in mind that Boise State plays there (at least for now as rumor has it that they may be defecting to the Pac 12).  Now I don’t know of any huge exits out of the Founder Institute (holler at me in the comments if I’ve missed one) but that doesn’t mean theres not a few in the making. That being said, if you’re startup is funded already, the Founder Institute mentorship program could be a mess to deal with.  The reason being is that they ask for equity in exchange for participation in the program, which makes sense within any incubator / accelerator if they are putting in cash but FI doesn’t make cash investments to my knowledge. They also give you some funky matrices style IQ-like test before accepting you, which is cool and will make you feel smart when you pass.  The downside of them asking for equity in exchange for participation is that if you’re already funded, you’re existing investors are going to question why they had to give up cold hard cash in exchange for shares while you gave up share just to participate in a mentorship org and papering the transaction could be a mess of unnecessary legal fees. The good news is the way in which the Founders Institute handles the equity contributed by each company – the shares actually go into a pool with all of the other companies in your class and you each get ownership on one another’s startups. A pretty cool approach which certainly helps to hedge the risk.

UpStart LA (Conference USA)

My friends Ben Padnos and Eric Jackson are UpStart mentors.  That’s all I really know other than what’s on posted on the UpStart LA website, which sports a seemingly promising mentor list, though the roster does includes a few service providers (i.e. attorneys, recruiters, etc.), just something to note.  No knock to service providers here, the right ones can certainly make great mentors. Since we’re comparing football conferences here, UpStart would have to be Conference USA, which definitely has some solid teams, including the Cougars of the The University of Houston, who are undefeated thus far in 2011 and ranked #11 in the nation.

Now I’m trying to come up with a creative way to close the post, but having just read the TechCrunch / BothSidesOfTheTable annoucement on the LAunchpadLA fund, I think it’s best to close by quoting Mark’s article (which itself includes a quote from Bill Gross)…

“There are at least 6 incubators now being set up in LA. Can the community support them? I use the words of one of the wisest men in this space who started much of this revolution, Bill Gross of Idealab who said:

I think that the more initiatives, the better … I think it’s the many initiatives and variety that make Silicon Valley, Silicon Valley and that we need to do more of that here.”

So we’ll be supportive every initiative in town and doing all that we can in LA to encourage more tech entrepreneurship across any startup incubation or acceleration programs.  And we agree with that. If our community supports more potential entrepreneurs to try, if it funds more people with dreams, if it surrounds talented people with mentors, if it coaches them through their first deals and their team formation … that’s got to be a great win for society overall and for LA in specific.”

UPDATE:

Science-Inc (the Big East) : Just one week after this post was initial published, Mike Jones, the founder of UserPlane and the former CEO of MySpace, announced another incubator / accelerator hybrid called Science Inc.  Conference turmoil aside, this is a serious endeavor with $10M to put to work and would have to at least be comparable to a big time conference like the Big East (in the context of this article).  Science-Inc. not only has a solid team of mentors that work hands on with the companies, they also have real money to put to work.  Mentors / advisors at Science include AudioMicro advisor Sean Percival, LA’s top SEO master Tony Adam, Mike Macadaan, Tom Dare, and Ryan Sit.  While the other incubators may boast VC participants with dry powder, many other incubators themselves don’t have a lot of capital to put to work.  The combo of being able to put in actual hard cash, as well as hands on advisory resources and deep entrepreneurial experience, makes Science a very serious player.

Start Engine (Independent): This one came in way late and I don’t have much time to update today so I’ll just link to them and say that they appear to have some public company CEO’s (JDate / Spark Networks) and execs (e.g. CityGrid Media) on their mentor roster, which definitely sets them appear from some of the crowd above.  It’s also a 90 day (fast churning, good luck keeping the entrepreneur roster quality) accelerator model program.  For now, because they are late on my radar, Start Engine will have to be placed in the Independent Conference, where storied teams like Notre Dame and BYU play.

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I’ve got writer’s block. Help me choose a topic.

by Ryan on October 17, 2011



writers block

So lately, I’ve been suffering from a case of writer’s block .  The blockage has caused what I would consider 2 recent post that were really not up to standard, one of which was a Netflix rant (thanks for listening Reed!).

To help put a stop to the writer’s block, I’m reaching out for assistance (I figure that by putting myself on the spot, it’ll create the momentum needed to get over this).

So please…if you have a moment, help me choose a topic for my next post.  Choose from the among the following topics and let me know in the comments section which one you’d like me to write about next:

1.  Entrepreneurial oversupply and the abundance of startup incubators (LA included)

2.  The primary differentiator between a good VC ‘s / angels and bad VC’s / angels in terms of portfolio returns

3.  How Google Analytics should ignore Digg, Stumbleupon, and Reddit traffic

4.   A simplified explanation of how VC’s determine valuation in a seed / A-round

5.  Taking stock options in lieu of compensation – when it can be a bad idea for both you and the company

If any of these topics sound interesting, please let me know which one(s) you’d like me to write about first and help me get over writer’s block.

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I’ve Joined the LAVA BOD! Wanna Meet VC’s? Come to LAVA’s Annual VC Breakfast Tomorrow (Tues)

by Ryan on August 8, 2011

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I’m pleased to announce that I’ve joined the board of directors of LAVA, the Los Angeles Venture Association.  Given my past opinions (err…rants) on Los Angeles Venture Capital, I decided that instead of sitting on the sidelines playing Monday morning quarterback, I ought to get more involved and so something to help the startup community around LA.  If you’re a startup in the LA area, I encourage you to get more involved in LAVA.  Here’s just a few reasons:

1.  We first met and connected with VC firm DFJ Frontier, the first investors in AudioMicro, Inc. at a LAVA event (the  LAVA 2008 Investment Capital Conference 2008 to be exact).  You can actually get funded through your involvement with LAVA  – I’m living proof!

2.  There are a myriad of opportunities to connect with VC’s and mentors at LAVA events.  Yes – there are a lot of service providers in attendance but if you stay focussed and hunt for the right connections – you’ll come away with great additions to your personal network.

3.  Many of the events are breakfasts from 7am to 9am which don’t eat into your work day or evenings (if you like to work late or have a spouse / family events in the evenings)

4.  Did I mention I’m on the board of directors?  Along with myself, LAVA has a brand new president, Randy Churchill, along with another “young gun” on the BOD – Sam Jones of Formation Media.  And despite my lack of event planning experience, I do have experience starting, funding, operating, and investing in startups so I’m hopeful I can help make the LAVA events more focussed on early stage startups.  If you’ve got any suggestions for future events and topics, please shoot me an note or leave them in the comments below.

If you’ve never been to a LAVA event, tomorrow’s VC breakfast would be a great one to start out with.  You’ll get exposure to the following local VC’s:

Dana Settle of Greycroft Partners

Leo Spiegel of Mission Ventures

Jim Andelman of Rincon Venture Partners (one of my personal faves!)

Neal Hansch of Rustic Canyon Partners, and

Monica Dodi of the Women’s Venture Capital Fund

If you’re not yet registered to attend tomorrow’s breakfast, you can do so by clicking here.  Or simply show up at 7am to 9am at the Skirball center tomorrow, Tues Aug 9th.

*Please note there is a small fee to attend the breakfast which helps to pay for the venue and the food.

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