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ELC Technologies Acquired By Pourzanjani, Rahmat

socalTECH

ELC is known for its cloud computing applications development, and Ruby On Rails development. Pourzanjani founded PriceGrabber and sold it to Experian in 2005 for $485M, and is among one of the active angel investors in Los Angeles. Rahmat was CEO of Tom's Hardware, which he sold to BestofMedia in 2007. READ MORE>>.

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Morphlabs Raises $5M

socalTECH

Manhattan Beach-based Morphlabs , the developer of cloud computing products headed by Winston Damarillo, announced this morning that it has raised $5M in a Series C funding round. According to Morphlabs, the round was led by Japanese strategic partner BBT, as well as a private, Indonesia-based investor group. READ MORE>>.

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How the Seed-Stage VC Trend Began, The Downsides of Unicorns & Much More

Both Sides of the Table

Let me take you back just 10 years ago to 2005 in Silicon Valley where I returned after 11 years of living in Europe. But back in 2005 there were a few people who spotted the trend before others and one of the true pioneers was (and continues to be) Jeff Clavier who founded SoftTech VC. It is, of course, a very recent phenomenon.

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Data is the Next Major Layer of the Cloud & A Major Victory for Startups

Both Sides of the Table

When I started my second company in 2005 we decided to do everything differently. During my second startup we never considered using cloud computer processing for our real-time processes but we did run some batch processes there. Factual was created in 2007 by Gil Elbaz, the founder of Applied Semantics. Processing.

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