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SoCal Investors Score With Klout Acquisition

socalTECH

A number of Southern California angel investors, and one of its venture firms, have scored an exit over at social media influence measurement startup Klout , as the San Francsco company said Thursday that it is being acquired by Lithium Technologies. klout litihium technologies merger acquisition influence social media paigecraig lindzon'

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Reflections on 2018: Andy Wilson, Alliance for SoCal Innovation

socalTECH

Our first is with Andy Wilson of the Alliance for SoCal Innovation. In the Spring we publicly released the Boston Consulting Group's extremely thoughtful strategic assessment of the SoCal region. Their report crystallized the opportunity and pathways to moving SoCal forward as one of the leading global innovation ecosystem.

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SoCal Angel Investors See IPO Pop At CytomX

socalTECH

A number of Southern California angel investors are undoubtedly breaking out the champagne this morning, after the successful IPO of CytomX Therapeutics , a developer of cancer therapeutics which was spun out of UC Santa Barbara. Cytomx priced its IPO at $12.00 in morning trading. Cytomx priced its IPO at $12.00 in morning trading.

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Southern California needs to find its hub for it to develop its own tech ecosystem

TechCrunch LA

Recognizing the tens of billions of dollars that the Southern Californian region leaves on the table, because it hasn’t taken its rightful place in the American technology industry, a new group called the Alliance for Southern California Innovation has just released a report to analyze how SoCal can work to assume its pole position.

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What You Missed On Your Holiday Vacation, SoCal Technology Edition

socalTECH

Surf Air ($2.6M, Los Angeles, subscription aircraft service). Acquisition of note: Nexsan Acquired For $120M, by Imation. Ignyta ($6M, San Diego, personalized medicine). Independa ($5M, San Diego, software for senior independence). AwarePoint ($4M, San Diego, real time patient location systems). How to find a startup mentor.

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LA gets a big SaaS exit as Fastly nabs the Culver City-based Signal Sciences for $775M

TechCrunch LA

Los Angeles was always more than a one-industry town, even when it comes to technology startups, as media and entertainment (and social networking) were always the big draws in Tinseltown. We’re thrilled to help lead the way for the broader tech community in Los Angeles.” Image Credit: Getty Images/franckreporter.

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Vizio's William Wang Becomes SoCal's Latest Technology Billionaire

socalTECH

The $2 billion acquisition of Irvine-based Vizio on Monday has most likely resulted in the creation of another, technology billionaire in Southern California--Vizio founder William Wang. LeEco's CEO, Jia Yueting, happens to also be behind mysterious Los Angeles electric car startup Faraday Future. percent of Vizio--or, $1.088 billion.