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Fallbrook Technologies Files For IPO

socalTECH

San Diego-based Fallbrook Technologies , a developer of continuous variable transmissions aimed at the electric vehicle market, has filed for an IPO, saying Tuesday evening in a filing that it is looking to raise up to $50M in an offering. Fallbrook reported a net loss of $11.7M For 2008, the firm had a loss of $11.9M

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Entropic Sees Steep Drop In Revenues

socalTECH

San Diego-based Entropic Communications reported its results yesterday, saying that its net revenues fell to $24.1M, a drop of 18 percent from the fourth quarter of 2008, when it had revenues of $29.5M, and a 43% drop from the first quarter of 2008, when it reported $42.0M. The firm had a net loss of $8.7M.

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Southern California Leads In Green Businesses, Says Report

socalTECH

A new report released today by Next 10 , a nonprofit, nonpartisan public policy group, says that Southern California--and California, as a whole--leads the green innovation, cleantech venture capital, and energy market. The report was compiled by research firm Colaborative Economics.

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Victory Pharma Acquired By Sciele Pharma

socalTECH

San Diego-based specialty pharmaceuticals firm Victory Pharma has been acquired by Atlanta-based Sciele Pharma, Sciele said this week. Accordin to Schiele, it will pay $150M to acquire Victory Pharma, which is focused on acquiring, developing, and marketing products to treat pain.

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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

The speaks to the continued confidence in the venture capital markets and as I had predicted some time ago the VC markets right now are a great place to invest – especially relative to other places to put one’s money. Family Offices (of high-net-worth individuals or families). University Endowments. Foundations.

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Tech Titans Peter Thiel, Matt Jacobson, Cameron and Tyler Winklevoss, Mich Mathews, Elon Musk Buy Homes in Los Angeles

SoCal Delicious

Loading… Markets. Loading… Market Data. In March of last year, Matt Jacobson, head of market development at Facebook, paid $10.9 Another client of Mr. Rappaports, Mich Mathews, formerly the head of marketing for Microsoft. The units, asking $500,000 to $2 million, hit the market in about a month.