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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 had a net loss of $14.2M The company has applied to list as SONO.

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RingRevenue Ropes In Rex Direct

socalTECH

Santa Barbara-based RingRevenue , the pay-per-call services firm headed by Jason Spievak, has signed on a new customer today, Rex Direct Net. According to Rex Direct Net, it will offer pay-per-call services powered by RingRevenue's products. Financial details of the win were not nanounced. READ MORE>>.

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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

The speaks to the continued confidence in the venture capital markets and as I had predicted some time ago the VC markets right now are a great place to invest – especially relative to other places to put one’s money. Family Offices (of high-net-worth individuals or families). University Endowments. Foundations.

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Maximize Your Exit By Not Selling Your Company

InfoChachkie

He told the homeowner that he represented someone who wanted to purchase the ranch at a substantial premium over its current fair market value. We boiled our alternatives down to the following: IPO – To bolster our negotiating position, I engaged an investment bank to explore the public capital markets. My House Is Not For Sale.

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Mark Suster’s Advice To Emerging Entrepreneurs – “Do Not Do, As I Have Done”

InfoChachkie

As part of UC Santa Barbara’s Distinguished Lecture Series, serial entrepreneur and noted venture capitalist Mark Suster recently shared his advice with a large crowd of emerging entrepreneurs. Mark’s initial venture had a large marketing budget, which allowed him to attend conferences all over the world.

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Interview with Mark Suster, GRP Partners

socalTECH

Mark has also been quite active mentoring entrepreneurs, We caught up with Mark to hear about what kinds of investments GRP is looking at nowadays, his view on the software-as-a-service market, and how best to approach him with a pitch. So we think we're the right size for the market in 2009.