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Twiistup Bought by Private Investor; New Producer Upping the Ante

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Terms were not disclosed, but founder Mike Macadaan will continue on in a creative consulting role ; business consultant and entrepreneur Francisco Dao will serve as the event's new producer. Founded in 2007, L.A.-based VC firms like the Mailroom Fund have scoped out startups like Mint.com and family-focused online community TotSpot at the hybrid mixer/startup showoff event. Macadaan said Twiistup had served to "galvanize the SoCal tech community," though, the new owner plans to scale it out to a full conference and expand to other cities.

Read the whole story at Dygest.net