February 18, 1999 |
Santa Monica-based Stamps.com Inc., developer of a system that will allow clients to have a "mini-post office" inside their computer, is expected to announce today that it has raised $30 million from a group of investors that includes Microsoft Corp. co-founder and billionaire Paul Allen. In a $30-million private placement, Allen's investment fund, Vulcan Ventures, along with Chase Capital Partners, will invest in Stamps.
March 12, 2001 |
Ifilm, a heavily hyped online Hollywood venture, is hanging on by its fingernails these days. A survivor amid the dot-com wreckage, the one-stop shop for aspiring filmmakers and film connoisseurs has thin revenue, wary investors and a sketchy business model. But rather than give up and follow Pop.com and Icebox into the digital dustbin, the 2-year-old company has a dogged determination that maintaining a Hollywood address on the Internet will eventually pay huge dividends.
October 27, 1999 |
At a meeting last week of 150 high-tech entrepreneurs of the Digital Coast Roundtable and again at last weekend's giant Global Cities conference at UCLA--with 400 delegates from 35 nations in attendance--Mayor Richard Riordan declared Los Angeles to be "the capital of the 21st century." Reactions were revealing. The entrepreneurs, with some qualifications, accepted the rallying cry.
June 21, 1999 |
Plenty of Internet companies have staged successful initial public offerings despite a glaring lack of profits. This month, Internet postage retailer Stamps.com plans to go public despite a complete lack of revenue. The Santa Monica firm has not taken in a cent since it was founded by three UCLA business school students in 1996--and won't at least until the U.S. Postal Service approves its system. To get there, Stamps.
CALIFORNIA | LOCAL
June 15, 1999 |
Never underestimate the power of free. That's the gospel the folks at NetZero Inc. are preaching, after the company rocketed to prominence as an Internet access provider just months after its founding last October. The company hit 500,000 subscribers March 17--putting it into the top 10 of Internet service providers. Now, just three months later, NetZero boasts 1.2 million subscribers--and is moving to larger office space. How big can it get?
October 17, 2004 |
James Spader, who costars with William Shatner in David E. Kelley's new ABC series "Boston Legal," has purchased a Mediterranean-style home in the Hancock Park area for nearly $2.7 million. Spader, whose character -- attorney Alan Shore -- breathed new life into the eighth and final season of "The Practice" and earned the actor an Emmy, purchased a restored 1920s villa with four bedrooms, an updated kitchen and a guest house.
February 22, 1999 |
Although venture capital investments in Southern California firms rose dramatically last year, a new survey finds the region's growing businesses still facing a so-called capital gap, in part because of a lack of veteran entrepreneurs and insufficient networking. The survey of venture capitalists here found the region needs more experienced entrepreneurs who can deftly move from company to company, as they do in the Bay Area.
CALIFORNIA | LOCAL
June 14, 1993 |
Rand Schrader, one of the first openly gay judges in California and an eloquent champion of gay and lesbian causes, died Sunday. He was 48. Schrader died at Century City Hospital of complications from AIDS, according to family friends. A Los Angeles native, Schrader was appointed to the Los Angeles Municipal Court bench in 1980 by former Gov. Edmund G. (Jerry) Brown Jr. and continued to preside there until April.
March 5, 2000 |
Actress Priscilla Presley has sold three acres in the Montecito area to actress Victoria Principal for about $3 million. Presley had planned to build on the site, which has a guest house, but she changed her mind. Presley had a recurring role in "Melrose Place" and starred during the '80s and '90s in the TV series "Dallas" and a number of movies, including the "Naked Gun" series. The actress, 54, was married to Elvis Presley from 1967 to 1973.
April 9, 2007 |
A few years back, Los Angeles Philharmonic music director Esa-Pekka Salonen, a native of Finland, borrowed a little American entertainment industry slang when he told The Times that he expected to continue in the high-profile post as long as he felt "a good vibe from the band."