eSub Inc., a San Diego-based software-as-a-service (SaaS) firm, reports that it has been successful in bringing on two investors who have deployed enough capital to enable the company to hire a key sales executive from its primary competitor, Autodesk. The firm, which has won several national awards in the construction space, is in the process of a $1 million raise.
A San Diego start-up with
a distribution deal with the Public Broadcasting System says it is close to closing and exceeding a planned $5 million round. Collector's Cafe - sort of a cross between Antiques Roadshow, Starbucks and eBay -- has a contract to produce a prime-time show for PBS focused on sports and other collectibles, and leverage the show to market coffee and cafes. CEO Mykalai Kontila says director and former Major League Baseball star Dave Winfield helped him find funding sources who are considering an expansion of the concept that could bring the current funding into the $10 million range. Supporting the project is the former CEO of a major health care provider and hedge fund manager, says Kontilai, as well as the current CEO of a major international property and casualty insurer.
Other stuff...
An OC-based SaaS company that provides solutions for the outdoor advertising industry -- an innovative technology platform that the company says provides accurate audience measurement to media such as billboards -- as well as on demand proof of performance and remote lighting control -- is also in a capital raise. The company has raised $150K of a $500K Convertible Note that will bridge to a Series A and provide fuel to complete several pilot installations in Q4 09.
Butch Rose, the celebrity cinnamon roll king of San Diego, is looking for a convertible note to help him open a new store near Petco Park. Already partially completed and located among several fully occupied high-rises and the new site of the Thomas Jefferson School of Law, the store will feature an outdoor pet cafe and an indoor skating rink. A former radio personality in San Diego, Rose's previous shops have garnered TV coverage and press.
An Orange County-based apparel manufacturer with strong distribution is seeking an acquisition that will give it a direct retail presence in the younger female space. The firm is looking for a small-to-midsized chain of 50-80 stores.
A leading digital marketing executive who sold his firm several years ago is on the market again, looking for a CMO position with a firm looking to improve its online and interactive marketing.
Legendary automotive guru Steve Saleen has started a new business in Corona. Following the break-up of his former Irvine-based firm, the former racer and builder of the $600,000 S7 was sidelined. Now he is back with SMS Motorsports, located not far from the Monster facilities in Corona.
A former Navy SEAL with general management experience and a strong small-company background is seeking a new position as a CFO or other finance executive.
A new and up-and-coming commercial insurance brokerage is looking to acquire small and mid-sized practices throughout Southern California.
RSM McGladrey quietly left Riverside over the summer, leaving the Inland Empire without a national accounting firm...At least two major regional CPA firms are looking to buy a mid-sized practice in San Diego...
A new and up-and-coming commercial insurance brokerage is looking to acquire small and mid-sized practices throughout Southern California.
RSM McGladrey quietly left Riverside over the summer, leaving the Inland Empire without a national accounting firm...At least two major regional CPA firms are looking to buy a mid-sized practice in San Diego...
A private equity-owned loan servicing company is looking to buy loans concentrated on the automobile, trailer, watercraft and recreational vehicles sectors.
A partnership is finding former CEOs and CFOs to match to private equity firms to find, finance and run projects consisting of platform companies and add-ons. The partnership believes that strong management trumps technology and other factors.
A San Diego-based private equity boutique is shopping for closely held businesses with EBITDA of $500,000 to $2,000,000 in the West.
People
Carol Smoot has returned from a brief foray into Wisconsin and is now the business development guru at Wright Ford Young...She takes the place of Scott Jones , who has taken a similar job at White Nelson, following an extensive search for a replacement for Frank Weber, who is now with California Republic Bank...West Point alum Donna McAleer has secured an agent for her book about women at West Point... Andy Berry, formerly of Mazda and Ocean Pacific, is new CFO at Taryn Rose, which opens a retail center at the Irvive Spectrum Center...Sally Andriamiarisoa leaves the Riverside Community Health Foundation to start a thought leadership enterprise...
In Case You Missed It...
The famous (or infamous, depending on your perspective) piece on Goldman Sachs by Matt Taibbi, http://www.rollingstone.com/politics/story/28816321/inside_the_great_american_bubble_machine, and the other prominent Goldman piece, from New York magazine, http://nymag.com/news/business/58094/
Don't Miss:
Angel outfielder Torri Hunter is hosting a star-studded charity golf event featuring entertainment by Brian McKnight. The event will be in Phoenix on November 10th and 11th at the Wild Horse Pass Hotel, and is co-hosted by Justin Upton -- both of whom will be among 75 or so celebrities playing. The silent auction will feature one-of-a-kin items like a 1-hour tennis lesson with Andre Agassi and a tour of MLB studios with Harold Reynolds. For more information, email Jennifer Marisnick at jmarisnick@aol.com, or visit toriihunter.com/golfclassic/
An Online Media firm with a 30% EBITDA, while generating 400 million page views and 40 million unique visitors per month, is looking for a strategic partner to enjoy future growth and profitability. For more information please contact Tim Rhine. trhine@pointebreak.com
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