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Shopzilla Sold To Symphony Technology Group

socalTECH

Los Angeles-based Shopzilla , the online comparison shopping site owned by Scripps Networks Interactive , has been sold to private equity firm Symphony Technology Group. The firms said that Symphony Technology Group would continue and accelerate the growth of Shopzilla. Scripps bought Shopzilla in 2005 for $525M. READ MORE>>.

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Enevate Gets $24M For Battery Technology

socalTECH

The firm says its technology "dramatically" increase energy density over conventional battery technology. The company said the funds will go to bring its first products to market and to accelerate commercialization of its technology. The firm said it was advised by Pantek Partners for a portion of the funding. READ MORE>>.

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San Diego’s KnuEdge, Stealthy Since 2005, Unveils Neural Tech

Xconomy

After operating in the shadows for the past 11 years, a San Diego neural technology company founded by former NASA administrator Dan Goldin is stepping into the light to introduce two commercial products intended to advance the frontier of human-machine interaction.

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ELC Technologies Acquired By Pourzanjani, Rahmat

socalTECH

Kamran Pourzanjani , the former CEO and founder of PriceGrabber.com, and Omid Rahmat , the former CEO of Tom's Hardware, have acquired Portland- and Santa Barbara-based ELC Technologies , the development firm founded by Jonathan Siegel. According to ELC Technologies, Rahmat takes the helm of ELC. He currently heads up BestCovery.com.

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Kairos Venture Partners Raising New, $250M Fund

socalTECH

Kairos specifically invests in scientific research and technology developed at universities and research institutions, and has made more than 80 prior investments. Before becoming a venture capitalist, Demetriades founded SeeBeyond, which he took to an IPO, and later sold to Sun Microsystems in 2005 for $386M. READ MORE>>.

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Why Has Seed Investing Declined? And What Does this Mean for the Future?

Both Sides of the Table

The reality is that as a result of two major trends the costs of starting a technology startup went down massively. Between 1999–2005 the costs went down by 90% and between 2005–2010 they went down a further 90%. million and my A Round in 2005 was only $500,000 (and that’s all I ever raised).

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Materia, BASF In Technology Licensing Deal

socalTECH

Pasadena-based Materia , the advanced chemical technology firm spun out of Caltech, said Tuesday that it has licensed its metathesis technology to specialty chemical firm BASF. According to Materia, BASF will use the technology in research and development of certain specialty chemicals. Materia is headed by Michael Giardello.

CalTech 140