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NVCA: Venture Capital Spurs Jobs, GDP

socalTECH

The National Venture Capital Association today released a new report detailing the impact of venture capital on the U.S. The report , compiled for the NVCA by IHS Global Insight, found that venture backed companies accounted for 11 percent of private company employment in 2008, or 12.1 in San Diego.

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San Diego Tech Coast Angels Honor John G. Watson With Memorial Fund

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The San Diego chapter of the Tech Coast Angels , the largest angel investment group in Southern California, as well as the United States, said today that it has established a new, memorial fund, the John G. Watson Foundation , which will support entrepreneurism in the San Diego region. He also served at Vestar Inc.

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Pay it Forward: Capital Drives Bio Innovation in San Diego & Beyond

Xconomy

The change has caused me to reflect a bit on the state of finance in biotech and in San Diego biotech particularly. During the process of arranging early funding for Organovo in 2008-2010, I worked with angels in San Diego, all over the country, and around the world. About 40 percent of my financing at.

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This Week in Venture Capital – Episode 4

Both Sides of the Table

This was the first episode where Jason wasn’t on the show, which gave me the chance to have another VC on the show to discuss deals. Rustic Canyon is an LA-based, but geography-agnostic VC that is currently investing from a $200 million fund. VC Financings: 1. Investors: Google Ventures. Read more: PEHub.

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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

We’ve been dying to tell you all for a while that we had raised a new venture capital fund and of course given SEC filing requirements the story was somewhat already scooped by the always-in-the-know Dan Primack a few weeks ago. If you want to understand how the VC industry is changing there is a great primer in the link.

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Venture Capital Hits 12 Year Low

socalTECH

The latest venture capital numbers from both PricewaterhouseCoopers/NVCA based on data from Thomson Financial, and numbers also released over the weekend by Dow Jones VentureSource, finds that venture capital is at a twelve year low. in 54 venture capital deals, with Los Angeles reporting $115.6M

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Domain Leads VC Funds, As Overall VC Fundraising Drops To $1.7B

socalTECH

A report on venture capital fundraising released this morning reveals that Domain Associates , which has its west coast offices located in San Diego, was the biggest venture capital fundraise in Q2, with a $371.1M However, overall venture capital fundraising in the industry dropped to only $1.7