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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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Report: Southern California Startups Focus More On M&A, Profit

socalTECH

A new report, issued by Silicon Valley Bank over the last week, has found that Southern California startups are far more focused on being acquired than on IPOs, and also on making profits, compared with most startups. The full report is posted online. and China. READ MORE>>.

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Reflections on 2018: Andy Wilson, Alliance for SoCal Innovation

socalTECH

Editor's note: All this week, and into the start of next year, we'll be featuring reflections on 2018 from notable investors, entrepreneurs, and others from Southern California's technology community. Our first is with Andy Wilson of the Alliance for SoCal Innovation. You'll be able to browse all of those contributions here.

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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. The deal is reportedly worth $200M. READ MORE>>.

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GoPro, With SoCal Ties, Files For IPO

socalTECH

Action sports camera maker GoPro , which has a few Southern California connections, has filed for an IPO, saying Monday in a regulatory filing that it is looking to raise $100M on the NASDAQ Global Select Market as GPRO. The company reported $985.73M in revenues for the year ended December 31, 2013. READ MORE>>.

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Metacloud, Eucalyptus, Inktank: SoCal Startups Now Powering The Cloud

socalTECH

Based on a trio of recent, cloud technology acquisitions by major, Silicon Valley technology powerhouses, that would be Southern California. the acquisition of Santa Barbara-based Eucalpytus by HP last week; and the acquisition earlier this year of Los Angeles-based Inktank by Red Hat. .;

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IPOs Slow In Q1, But SoCal Sees Some Activity

socalTECH

A new report, issued this week by EY, says that the number of IPOs have dropped across both international markets and the US. The report--which examined IPOs in Q1--said that ongoing geopolitical uncertainties and trade issues continue to dampen investor enthusiasm for the public offerings.