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San Diego Tech Coast Angels Honor John G. Watson With Memorial Fund

socalTECH

The San Diego chapter of the Tech Coast Angels , the largest angel investment group in Southern California, as well as the United States, said today that it has established a new, memorial fund, the John G. Watson Foundation , which will support entrepreneurism in the San Diego region. He also served at Vestar Inc.

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Plug and Play San Diego Finds Home in New Downtown Works Space

Xconomy

Plug and Play San Diego has formed a partnership with Downtown Works, a new co-working space in downtown San Diego, which will give the local Plug and Play program a place to call home. We would like to launch an accelerator based here, and bring in additional resources from the Bay Area.”. billion under management.

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SoCal Investments Totals Around $700M In Q1

socalTECH

According to numbers derived from socalTECH's venture database, there was $717.96M invested in Southern California in the first quarter, up from only $465M in Q4 of 2008. However, venture funding totals were still well off the first quarter of 2008's nearly $1.2 billion in funding.

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Crinetics Closes $63.5M Financing to Back Rare Hormone Disease Drug

Xconomy

Crinetics Pharmaceuticals , a San Diego biotech focused on developing new drugs for endocrine disorders and endocrine-related cancers, said today it has raised $63.5 million in a Series B financing led by Perceptive Advisors, the New York biotech fund. In a statement Tuesday, Crinetics said it plans.

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SoCal Gets $739M In Venture Capital In Q2

socalTECH

in funding, and San Diego $198.18M in investments. Quarter to quarter, investments were up from Q1, when $585M was invested in the region. Investments were slightly down from Q2 of 2010, when the region saw $856M in funding. Nationally, venture capitalists invested $7.5M raised for the quarter.

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Southern California Leads In Green Businesses, Says Report

socalTECH

The Next 10 report found that California accounted for 24 percent of total global investment in clean technology, with a total of $11.6 billion invested in cleantech venture capital in the state since 2006. Tags: next10 southern california clean cleantech energy power solar investment jobs employment.

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NVCA: Venture Capital Spurs Jobs, GDP

socalTECH

The report , compiled for the NVCA by IHS Global Insight, found that venture backed companies accounted for 11 percent of private company employment in 2008, or 12.1 trillion in revenue in 2008, or roughly one-fifth of the country's gross domestic product. billion invested in LA/Orange County, and $16.3M in San Diego.