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Xconomy Special Report: 12 San Diego Tech Startup to Watch in 2017

Xconomy

I started with a list of companies already screened by the San Diego Venture Group’s annual venture summit, and consulted with investors and startup mentors to refine the list. I widened my net this year. Such lists can be entirely relative, but I sought to adjust for the capricious effects of subjectivity.

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Active Network Revenues Up In Q1, Sets Trading Symbol

socalTECH

San Diego-based Active Network , the operator of sports registration and online community sites, said in a filing today that it had a net loss of $10.9M on revenues of $72.71M for the three months ended March 31, 2011. The firm--which is currently in IPO registration--also set its trading symbol as ACTV. READ MORE>>.

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Somaxon Pharmaceuticals Acquired For $25M

socalTECH

San Diego-based Somaxon , a developer of treatments for insomnia, has been acquired by Pernix Therapeutics Holdings , in a deal worth $25M. Somaxon had 12 months net sales of approximately $11.7M Somaxon had 12 months net sales of approximately $11.7M Pernix said the buy will help expand its product portfolio.

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Peregrine Semiconductor Updates IPO Filing

socalTECH

San Diego-based Peregrine Semiconductor , the developer of CMOS RF integrated circuits, updated its S-1 filings Friday, saying that it had a net loss of $1.0M for the three months ended March 26, 2011. That compares with net income of $1.0M on revenues of $21.2M on revenues of $22.9M

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ServiceNow Files For IPO

socalTECH

San Diego-based ServiceNow , the developer of cloud-based, enteprise IT automation software, filed for an IPO Friday, saying that it is looking to raise up to $150M in an IPO on the NYSE. The firm reported a net loss of $6.6M on revenues of $73.375M for the year ended December 31, 2011. READ MORE>>.

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LabCorp Boosts Prenatal Testing Presence with $371M Sequenom Deal

Xconomy

LabCorp will also assume net debt of San Diego-based Sequenom (NASDAQ: SQNM ), bringing the value of the cash deal to approximately $371 million. In 2011, state incentives lured the company to Research Triangle Park, where it built a $19 million lab to bolster its molecular diagnostics business. LabCorp reported $8.5

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Three Factors Which Intoxicate Venture Capitalists - Why Your Startup Will (Probably) Not Raise Venture Capital Funding

InfoChachkie

Partners at large venture firms generally believe that Orange County is the ideal geography for medical devices, San Diego for telecom and life sciences (along with Boston) and Silicon Valley for everything else. As shown in the following chart, the overwhelming focus of investments during Q1 of 2011 was in later stage companies.