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Invoca Claims Record Results, Says It Will Hit $100M Revenues By EOY

socalTECH

Santa Barbara-based Invoca, which develops call tracking and other customer tracking software, says it is on the path towards $100M in annual recurring revenue (ARR) by the end of its fiscal year. The company has raised $116M in venture capital, from such investors as Accel, Upfront Ventures, H.I.G.

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Some Quick Thoughts on Exits for Technology Startups

Both Sides of the Table

Later today I’m presenting at the annual Rincon Ventures Summit in Santa Barbara. The median VC exit price for deals is $70 million (FLAG Capital via Bryce.VC). Bimodal returns are a fallacy, many great VC funds are built on the power law curve. They say the same about VC. Often it does.

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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. Rahmat was CEO of Tom's Hardware, which he sold to BestofMedia in 2007. READ MORE>>.

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Non-millennial Bootstrapping – These 50-Something Entrepreneurs Rejected VC $ And Nailed It

InfoChachkie

I have been watching ProductPlan for several years, as the founders are both friends and pillars of the Santa Barbara Startup Community. Without taking a dime of outside capital, the company has achieved impressive success in a competitive, SaaS market segment, landing companies such as Nike, Intuit, NASA, AutoDesk and PBS.

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Mindflash Hires Mint.com Vet, Launches Private Beta

socalTECH

Santa Barbara-based Mindflash.com , a provider of online training software for small businesses, said today that it has named Donna Wells as its new President and CEO. Mindflash said it has received funding from Investment Group of Santa Barbara (IGSB), although it did not disclose financial terms of that funding.

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VC Confessions: We Passed On Twilio’s Seed Round

InfoChachkie

VC's love to talk about their successes. Yet most VC's bury their failures under six feet of denial. In the startup world, the former happens when a VC makes a bad investment, and the latter occurs when they miss a great opportunity. As noted in What Does VC Traction Really Mean? , What’s The Worst Mistake? billion).

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DFJ Frontier Gets Exit At ClearAccess

socalTECH

Los Angeles- and Santa Barbara-based DFJ Frontier , the venture capital firm founded by David Cremin and Scott Lenet, has scored an exit at one of its portfolio firms, ClearAccess. Financial details of the buy were not disclosed.