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ELC Technologies Acquired By Pourzanjani, Rahmat

socalTECH

ELC is known for its cloud computing applications development, and Ruby On Rails development. Pourzanjani founded PriceGrabber and sold it to Experian in 2005 for $485M, and is among one of the active angel investors in Los Angeles. According to ELC Technologies, Rahmat takes the helm of ELC.

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Interview with Kanaan Jemili, uCast Global

socalTECH

3 very active, 3 have been deployed. Those are the three active areas, and we have several customers and have made lots of headway there. In 2004 and 2005, I was at DivX in San Diego, and I was head of product there. Who are your core customers? Kanaan Jemili:We have about six areas we focus on. I have a Ph.D.

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It’s Morning in Venture Capital

Both Sides of the Table

And in a market with too much capacity (too many startups) the leverage was completely in the hand of buyers at M&A activity finally picked up. While the number of startups has increased exponentially, the number of active venture capitalists has shrunk by more than 2/3rds in the past decade to less than 750 today and still shrinking.