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Invoca's Offices Taken Over By 20,000 Honey Bees

socalTECH

In one of those strange moments to come out of the high tech world still in a pandemic, Santa Barbara-based Invoca--with its workers all temporarily working from home like the rest of the world apparently was taken over by 20,000 bees while people were away, according to the company.

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Sonos Files For IPO

socalTECH

Santa Barbara-based Sonos , which develops very easy to use, connected whole-home speaker systems, has filed for an IPO, saying in a filing on Friday that it is looking to raise up to $100M in an offering on the Nasdaq Global Select Market. The company has applied to list as SONO. The company had a net loss of $14.2M

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AppFolio Swizzles CEO

socalTECH

Santa Barbara-based software developer AppFolio announced on Monday afternoon that it has named Jason Randall as the company's new President and Chief Executive Officer, as well as new member of the company's board. AppFolio is a developer of software for the property management industry, legal industry, and elsewhere.

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Maximize Your Exit By Not Selling Your Company

InfoChachkie

However, in many cases, acquiring companies behave less rationally than Mr. Jackson. Citrix politely approached us, told us they had an interest in acquiring our company and then asked us, “How much?”. Our response was that there was no “price” as our company was not for sale. VC Funding Alternative.

Company 100
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Maximize Your Exit By Not Selling Your Company

InfoChachkie

However, in many cases, acquiring companies behave in a less rational manner than Mr. Jackson. Citrix politely approached us, told us they had an interest in acquiring our company and then asked us, “How much?”. Our response was that there was no “price” as our company was not for sale. We were not rude nor indignant.

Company 160
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Three Factors Which Intoxicate Venture Capitalists - Why Your Startup Will (Probably) Not Raise Venture Capital Funding

InfoChachkie

I do not advocate that you perform unnatural acts in an attempt to make your company more advantageous to venture funding. LOCATION: I Wish They All Could Be California Companies. Despite the fact that we never moved, both companies were successful. all of which continue to thrive in Santa Barbara to this day.

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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

In case you didn’t know, many VCs target a 3-year investment horizon for a fund and after that the fund mostly does only follow-on investments in companies in that portfolio. Geographically our strategy is to fund about 50% of our deals in Southern California (from San Diego to Santa Barbara) and 50% of our deals on a national basis.