Moving Up the Coast.Digital Coast Partners, the Santa Monica-based investment banking and venture firm, is doing a little consolidating of its own. The firm, run by brothers Michael and James Montgomery James Montgomery (November 4, 1771 - April 30, 1854) was a British editor and poet. Montgomery, poet, son of a pastor and missionary of the Moravian Brethren, was born at Irvine in Ayrshire, and educated at the Moravian School at Fulneck, near Pudsey in Leeds. , has pulled its Digital Coast Ventures group closer to home, moving the three person venture team from its posh digs on the ground floor at Wilshire Boulevard Wilshire Boulevard is one of the principal east-west arterial roads in Los Angeles, California, United States. It was named for H. Gaylord Wilshire (1861-1927), an Ohio native who made and lost fortunes in real estate, farming, and gold mining. and Third Street to Digital's even posher headquarters at Wilshire and Ocean Avenue. The migrating staff leaves behind a 7,000-square-foot space -- formerly a Cal Fed branch -- that Digital spared no expense to remodel re·mod·el tr.v. re·mod·eled also re·mod·elled, re·mod·el·ing also re·mod·el·ling, re·mod·els also re·mod·els To make over in structure or style; reconstruct. . Digital had planned to share the slick offices with some of the start-ups it was nurturing but has since scrapped the idea, because the firm "didn't want to be in the real estate business," Michael Montgomery Michael Montgomery (born August 18, 1983) is a defensive tackle on the Green Bay Packers NFL team. He was drafted in the sixth round of the NFL draft in 2005 by the Packers. On December 16, 2006 he was placed on injured reserve. External links
Digital Coast Partners was founded in September 1999 by James Montgomery to provide investment banking services and venture capital to early stage technology companies. It was formed by the merger of Michael Montgomery's investment bank, CEA CEA carcinoembryonic antigen. CEA abbr. carcinoembryonic antigen CEA (Carcinoembryonic antigen) Montgomery, and his consulting firm Noun 1. consulting firm - a firm of experts providing professional advice to an organization for a fee consulting company business firm, firm, house - the members of a business organization that owns or operates one or more establishments; "he worked for a , Montgomery & Assoc. For its fund, Digital Coast Ventures drew down $16 million from a much larger sum that was committed by investors. It invested in companies like Corus Pharma Inc., Azuma Wireless, and EncodeThis. Thomas Heymann, former head of Disney Stores Inc., the retailing unit of Walt Disney Co., is managing director of Digital Coast Ventures, which has "has not invested much in the last year" because of inflated valuations, Michael Montgomery said. Instead, mergers and acquisition activity has kept the Digital Coast Partners office bustling. "The Dow has stabilized and it's not going down or up, which is helping buyers and sellers become more confident," Montgomery said. There has also been a renewed interest in later-stage financing for early- stage companies, Montgomery said. "If the companies have revenues and are near profitability, then there are a number of funds interested in financing," he said. "They're not the typical early stage funds that dominate the press. But there is a lot of capital looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. companies that are already proving something." |
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