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NextSpace Expands Beyond California With New Funding, Chicago Acquisition

socalTECH

The coworking trend--which started in part in Southern California and its high tech startup ecosystem--looks to be spreading East, with news this week that NextSpace has raised $500,000 and acquired a Chicago company, to establish its first coworking site outside of California. READ MORE>>.

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Red 6 Bolsters Advisors With Former Air Force Assistant Secretary

socalTECH

Will Roper, former Assistant Secretary of the Air Force for Acquisition, Technology and Logistics (AT&L). Red 6 just raised $6M in a funding round which was led Red Cell, Snowpoint Ventures, and Octave, and also included Moonshots Capital, Irongate, TR Aeroventures, and Marlinspike.

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Awesomeness.TV Among Fastest Exits, Best ROI Ever On Silicon Beach

socalTECH

The acquisition of Awesomeness.TV is the both fastest funding-to-exit in Silicon Beach, as well as one of the exits with best multiple on dollars invested, according to a new analysis of our extensive database of venture deals. had the shortest time between an initial funding and exit of any company, just short of nine months.

High Tech 224
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EAT Club Buys Farm Hill

socalTECH

EAT Club , a startup which provides delivery of food to employees of high tech and other companies, said today that they've acquired Farm Hill and its personal meal business. EAT Club is venture backed by August Capital, Trinity Ventures and First Round Capital, and has raised around $50M in funding.

High Tech 100
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Realizing Value from Innovation

SoCal Tech Calendar

However, while most high tech, biotech, cleantech and sports companies have wonderful technologies, relatively few have good business models. Thursday, January 26, 2012 -- Realizing Value from Innovation. To translate innovation into real value, you need both great technology and a great business model. See [link] (more)

High Tech 100
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Insights and Opinions: Exit Strategies in 2010

socalTECH

For today's Insights and Opinions section, we have a piece from Megan Jones , an investment banker from Hadley Partners Incorporated: As I often say, I grew up in and out of Silicon Valley with a dad in high-tech. Tags: investment exits acquisition merger opinions insights. Basically, a company sale instead of an IPO.

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Bestofmedia Buys Computing.net

socalTECH

Culver City-based Bestofmedia Group, publisher of gadget and electronics blog site Tom's Guide, has acquired Computing.net, a provider of high tech information and technical support. Financial terms of the acquisition were not disclosed. According to Bestofmedia, Computing.Net is now part of Tom's Guide. READ MORE>>