Adam also had a stint at Mission Ventures, and ran worldwide sales for open source middleware at IBM. see you were at Gluecode, and also were in the venture world at Mission Ventures--can you talk about how you've bootstrapped this firm and how it compares? Adam was a VC at Mission Ventures, the VC that funded Gluecode, I was at Gluecode and among the first four people there, and we were acquired by IBM with 350,000 people. One of the big, open source successes in both Southern California and the software world was Gluecode Software , which was based in Los Angeles and acquired by IBM in 2005.

In 2007 you could raise $1M at a $4M pre-money, selling 20% of the company to your investors. pay-to-play happens when the venture capital investors must put more money into the company and they compel all previous investors to do likewise, or suffer severe dilution. As Mission Ventures' Dave Ryan at says, "set aside 2X for your portfolio companies", so instead of investing $25K one time, expect a second investment of an equal amount sometime down the road. Entrepreneurs A A

SodaHead is venture backed by Mohr, Davidow Ventures, Mission Ventures, the Tech Coast Angels, and angel investor Ron Conway, and has raised $12.7M in venture funding since its launch in September of 2007. Los Angeles-based online social question and answer site Sodahead.com said today that the firm has reached more than 1 million registered users at the site. Sodahead.com, which operates a web site where users can ask and answer questions, share opinions, and network with other users, said that it has now recorded more than 5 million votes and 8 million comments