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Inseego Gets $20M Loan From Soros, Loses CFO

socalTECH

San Diego-based Inseego , the company until recently known as Novatel Wireless, has received a $20M credit agreement from Lakestar Semi, a private investment fund managed by Soros Fund Management. Newman is being replaced by interim CFO Tom Allen, who had been interim CFO of Novatel Wireless from June 2014 to September of 2014.

San Diego 113
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Investors back Pacific Consolidated Holdings to merge leading LA-based liquor and weed delivery companies

TechCrunch LA

The investment firms and executive teams behind the Los Angeles-based delivery liquor delivery company, Saucey , along with Inception Companies, the backer of marijuana distribution company, Emjay , have formed Pacific Consolidated to merge their two companies and build what’s likely the largest “vice” company in the world.

Company 188
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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. million in a Series D round of investment capital, according to founder and chairman Tony Farwell. Financial terms were not disclosed.

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Profitability Helps San Diego Lender Step Out from Industry Cloud

Xconomy

In contrast to some alternative lenders, the San Diego firm said it is growing fast and is consistently profitable. The company became a Wall Street darling when it raised $1 billion-plus through its 2014 IPO, and now claims to have deployed roughly $19 billion in loans since inception.

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Reflections on 2016: Jeb Spencer, TVC Capital

socalTECH

Jeb Spencer: We closed our nineteenth and twentieth software focused growth equity investments this year, a significant milestone for our firm. Every now and then we feel like we are finally starting to get a hang of this investing thing -- though the feeling doesn't always last very long. READ MORE>>.

Capital 113
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At “The Vine,” Developer Builds a Vertical Campus for Tech Startups

Xconomy

In downtown San Diego, a private real estate company best known for its master-planned communities in suburban Southern California has posed some existential questions for regional tech hubs looking to build their own startup ecosystems. 101 West Broadway tower in downtown San Diego. John “J.T.”

Develop 40
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Success, Santa Barbara Style: Patagonian Sexwax With A Side Order of UGGS

InfoChachkie

The latest evidence of the city’s dynamic startup ecosystem is the recent announcement by Citrix to investment significant resources in the Santa Barbara Innovator’s Program. Many of these individuals become restless in their youthful “retirement” and begin investing and advising young companies. From Lynda.com ’s recent $1.5