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Vegas Tech Startup Company EcoMom Raises $4.7 Million in Funding

Great news for another Las Vegas Tech startup company EcoMom. As was reported on PandoDaily, EcoMom just closed a $4.7 million round of funding.

Ecomom just closed a $4.7 million round, bringing its total raise since inception in 2004, to $10.7 million. All of the funds which previously invested came back, which is a good sign. I always worry when I don’t see any returnees in follow-up rounds. It’s a red flag. But in the case of Ecomom, they had all and more: Crosslink, Cueball Capital (which led the last round), Blue Pacific Ventures (leading this round), Chamath’s Fund (Embarcadero Ventures, invested for third time), Vegas Tech Rhodium, 500 Startups, Siemer Ventures, and Rising Tide.

Major angels also participated including Rohan Oza and Walter Kortschak. The new major investor is Daher Capital. That’s ironic, because Daher is one of GRP’s largest LPs, and GRP had previously passed on Ecomom.

It’s great to see more and more investment happening in Las Vegas tech companies. EcoMom has been a great addition to Las Vegas and with this new funding I’m sure they’ll continue to be a major boon to everyone in the Las Vegas startup scene.

I love the list of investors in EcoMom. I sometimes have people ask me if you can get major VC investment in Las Vegas. Looking at the list of investors in EcoMom, the answer is clearly Yes!

Congrats to the team at EcoMom!

August 15, 2012 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 electronic medical record and health IT blogs. He also founded the Pure TV Network of blogs. John recently launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. As part of the Las Vegas Tech startup community, John helped organize the highly successful inaugural Startup Weekend Las Vegas. He's also been a strong supporter of the Vegas Tech community including co-founding the VegasStartups.com blog. John is highly involved in social media, and can be found on Twitter: @techguy and Google Plus.

Pitch Your Startup for a Chance at $500k from the Vegas Tech Fund

Many of you who attended Startup Weekend and the Vegas Jelly have likely already heard about this, but I wanted to make sure that all the Las Vegas startup companies that were interested heard about this opportunity.

Here’s what’s happening if you’re a startup company interested in a chance at $500k in investment:

  • Create a Company Profile on CrowdFunder: win community votes and Supporters
  • Contest Judges pick 10 startups to pitch at live event to the Vegas Tech Fund
  • Winner meets with the Vegas Tech Fund partners for up to $500,000 in funding*

See all the details on the CrowdStart LV Startup Competition page. One caveat worth mentioning is that in order to get the funding, you’ll have to relocate to Las Vegas to be part of the Vegas community. Of course, if you know anything about the Vegas Tech Fund, then you’ll understand why this is a requirement.

Best of luck to those startup companies that plan to participate.

August 14, 2012 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 electronic medical record and health IT blogs. He also founded the Pure TV Network of blogs. John recently launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. As part of the Las Vegas Tech startup community, John helped organize the highly successful inaugural Startup Weekend Las Vegas. He's also been a strong supporter of the Vegas Tech community including co-founding the VegasStartups.com blog. John is highly involved in social media, and can be found on Twitter: @techguy and Google Plus.

Rumgr Raises $500k from Tony Hsieh, Arun Rajan, Fred Mossler and Andrew Donner and Launches Officially

It’s been a big couple days for the team behind Rumgr: Dylan Bathurst, Ray Morgan and Alex Coleman. They officially launched Rumgr and they announced their first round of funding as well. This is the first Startup Weekend Las Vegas company to get funding. I still remember when I heard Dylan first pitch the idea. It’s come a long way since then.

As part of their official launch they’ve added some great new features like splitting comments and offers into two distinct actions. This might seem like a subtle change, but it’s a really smart move for Rumgr since it also sets the stage for them to build in a number of other features around paying for an item based on the offer that’s accepted.

I also love a number of the website features that have been added to Rumgr.com as they seem to have embraced what Mark Suster has recently called a Web Second, Mobile First strategy. As I think back on my chats with Dylan and Ray I think they’ll continue this thoughtful approach on what to add to the app and what to add to the website that will make Rumgr work better on both platforms.

According to Techcrunch, Rumgr raised $500k from Zappos CEO Tony Hsieh, Zappos CTO Arun Rajan, Fred Mossler, and Andrew Donner, CEO and owner of Resort Gaming Group.

Congrats to Dylan, Ray and Alex on their official launch and funding. All of Vegas Tech is looking forward to where they take the app from here.

February 1, 2012 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 electronic medical record and health IT blogs. He also founded the Pure TV Network of blogs. John recently launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. As part of the Las Vegas Tech startup community, John helped organize the highly successful inaugural Startup Weekend Las Vegas. He's also been a strong supporter of the Vegas Tech community including co-founding the VegasStartups.com blog. John is highly involved in social media, and can be found on Twitter: @techguy and Google Plus.

Power of Angel Investing Seminar by the Angel Resource Institute and Vegas Valley Angels

John’s Note: I got the following email and was asked to get the word out about this Angel Investing Seminar in Las Vegas.

Dear VVA members and friends:

The Vegas Valley Angels are hosting an all-day Angel Investment workshop on January 17th. I think you and your associates would find this very interesting. We encourage all members who haven’t attended this specific workshop to attend.

This workshop, Angel Investing: Best Practices in Investing in High-growth Companies, is designed to provide a comprehensive overview of angel investing for private investors. The full-day seminar is a balance of expert presentations, panel discussions and small group case studies.

This workshop will cover:

• Investment goals and portfolio strategies
• Deal sourcing: Getting to see the right deals
• Essential tasks in proper due diligence
• Structuring deals/term sheets
• Valuing start-up companies: Art or science?
• The post-investment relationships between angels, start-up companies (and in some cases venture capitalists)
• Angels and advisors – bringing more than money to investments

Attached is more information about the workshop, including the registration form.

Our instructor, John May, is one of the most knowledgeable persons on the subject of Angel Investing. John’s bio is attached[see embedded PDF below].

The event is sponsored by Brennan Capital Partners, the premier local investment banking practice, and Cane Clark, a law firm specializing in Entrepreneurship and Securities Law. Representatives from their firms will also be assisting in the presentation of the workshop.

We hope you can come and please forward this to anyone else you feel might be interested.

Dear VVA members and friends:

The Vegas Valley Angels are hosting an all-day Angel Investment workshop on January 17th. I think you and your associates would find this very interesting. We encourage all members who haven’t attended this specific workshop to attend.

This workshop, Angel Investing: Best Practices in Investing in High-growth Companies, is designed to provide a comprehensive overview of angel investing for private investors. The full-day seminar is a balance of expert presentations, panel discussions and small group case studies.

This workshop will cover:

• Investment goals and portfolio strategies
• Deal sourcing: Getting to see the right deals
• Essential tasks in proper due diligence
• Structuring deals/term sheets
• Valuing start-up companies: Art or science?
• The post-investment relationships between angels, start-up companies (and in some cases venture capitalists)
• Angels and advisors – bringing more than money to investments

Attached is more information about the workshop, including the registration form.

Our instructor, John May, is one of the most knowledgeable persons on the subject of Angel Investing. John’s bio is attached.

The event is sponsored by Brennan Capital Partners, the premier local investment banking practice, and Cane Clark, a law firm specializing in Entrepreneurship and Securities Law. Representatives from their firms will also be assisting in the presentation of the workshop.

We hope you can come and please forward this to anyone else you feel might be interested.

January 4, 2012 I Written By

John Lynn is the Founder of the HealthcareScene.com blog network which currently consists of 15 electronic medical record and health IT blogs. He also founded the Pure TV Network of blogs. John recently launched two new companies: InfluentialNetworks.com and Physia.com, and is an advisor to docBeat. As part of the Las Vegas Tech startup community, John helped organize the highly successful inaugural Startup Weekend Las Vegas. He's also been a strong supporter of the Vegas Tech community including co-founding the VegasStartups.com blog. John is highly involved in social media, and can be found on Twitter: @techguy and Google Plus.

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