2005 Cloud Computing Seed Funding Services 
socalTECH
JULY 20, 2010
One of Southern California's successful, serial entrepreneurs is Winston Damarillo , who founded Gluecode, which he sold to IBM in 2005. Earlier this month, his latest startup, El Segundo-based Morphlabs announced it had raised a Series B funding worth $5.5M. However, they had a lack of technology vendors in the cloud.
Both Sides of the Table
MAY 23, 2012
Cloud computing and the open source movements have brought down the costs of starting a company by more than 90%. This has led to the creation of incubators, accelerators and seed funds. LP contributions to VC firms shrunk from 2000 and by 2005-2008 had stabilized to around $30 billion per year.
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