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Success, Santa Barbara Style: Patagonian Sexwax With A Side Order of UGGS

InfoChachkie

Six outstanding entrepreneurs have created this sweet flavor of success in one of the most beautiful places on earth – Santa Barbara, California. Santa Barbara has become a high-tech startup mecca, rivaling cities many times its size. From Lynda.com ’s recent $1.5 Share and Enjoy.

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FastSpring Acquired By Accel-KKR

socalTECH

Santa Barbara-based FastSpring , which develops e-commerce software for subscription-based software businesses, has been acquired by private equity investor Accel-KKR. According to FastSpring, Accel-KKR has made a majority equity investment in the firm, to provide capital and resources for its technology and go-to-market initiatives.

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SoCal Angel Investors See IPO Pop At CytomX

socalTECH

A number of Southern California angel investors are undoubtedly breaking out the champagne this morning, after the successful IPO of CytomX Therapeutics , a developer of cancer therapeutics which was spun out of UC Santa Barbara. CytomX was founded by UC Santa Barbara professor Patrick Daugherty.

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NGEN Partners Gets Exit At Choose Energy

socalTECH

Santa Barbara- and New York-based clean technology investor NGEN Partners has scored an exit at Choose Energy , a startup which lets consumers comparison shop for and select electric energy providers, according to a report. The report, from Fortune, said the deal was worth less than $100M. Grubstein was on the board of Choose Energy.

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FastSpring Gets Funding From Pylon

socalTECH

FastSpring , the fast growing Santa Barbara-based e-commerce payment services provider headed by Dan Engel, said today it has scored a funding round from Pylon Capital, a Los Angeles-based investment firm. The investment is the first, outside investment in the company since it was founded in 2005.

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AppFolio Files For IPO

socalTECH

Appfolio--which is led by Brian Donahoo--is venture backed by Investment Group of Santa Barbara and BV Capital, along with such local angels as Andreas von Blottnitz and Klaus Schauser. The IPO is being underwritten by Morgan Stanley, Credit Suisse, Pacific Crest Securities, and William Blair.

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Negative Customer Acquisition Costs - Creative Startup Marketing Ideas - Eric David Greenspan

SoCal CTO

I'd rather invest time investing in social media to drive traffic to our site. Our new customer acquisition has grown and our costs have plummeted. We are actually getting paid now to obtain customers, so our customer acquisition costs are now negative. A negative customer acquisition cost! Love the minis!