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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

socalTECH

billion in IT exits in 2011, the highest since 2000, for Southern California IT firms. According to the report, the biggest exit during 2011 was for Greent Dot , which provided liquidity of $2 billion for its pre-IPO investors, the highest of any exit since 2000. A new report released today tallies up $7.7

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Aptera Is Back, With Solar Powered Car

socalTECH

San Diego-based Aptera , the latest reincarnation of an electric car maker started in 2005, has announced a new, solar powered car, which recharges from the sun, and not from a plug.

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Sonos Hardware Plan Casts Doubts On The Smart Home

socalTECH

Sonos told its users on Tuesday that it is discontinuing support for its older products, saying that its legacy products--built between 2005 and 2011, "do not have enough memory or processing power to sustain future innovation".

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Former LA VC Gets Backing For Enterprise Alerting, Micro Apps Startup

socalTECH

ElNaggar was in Redpoint's LA offices from 2005 until 2011, and had stints on the boards of Machinima and Hark, among other companies. ElNaggar was most recently serving as Chief Strategy Officer at CBS Interactive; he co-founded Sapho with fellow CBS Interactive alum Peter Yared, who was CBSi's CTO and CIO. Sapho is in Silicon Valley.

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News Corp. In Repeat With Sale To Local Tech Firm

socalTECH

acquired IGN in September of 2005, for $650M. Those numbers--and the story--seems to be almost an exact repeat of the story behind MySpace , which--also in 2005, in July--was acquired by News Corp. That deals loooks to be worth around $100M, based on reports from the WSJ. in a $580M deal.

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FastSpring Gets Funding From Pylon

socalTECH

The investment is the first, outside investment in the company since it was founded in 2005. FastSpring said that last year, its company revenue surpassed $95M; the firm has been ranked very highly in the last few years on the Deloitte & Touch Technology Fast 500, ranking #13 in North America in 2011. READ MORE>>.

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Inside Fjord Ventures

SoCal Tech Calendar

Thursday, January 27, 2011 -- OCTANe Capital Connections - Inside Fjord Ventures.Get an inside look at Fjord Ventures, meet the team, and hear from the portfolio companies at this unique Orange County firm.