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Santa Barbara Gets Another $100M Plus Exit, At Aurrion

socalTECH

Add another, high dollar exit for a young startup in Santa Barbara, adding to the region's growing list of successful technology exits: Aurrion. Aurrion is a spinout of UC Santa Barbara, and develops technology being used to make high speed optical networking in a more cost effective manner. 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. Three companies--all started in Southern California--have been picked up for their cloud technology over the last few months, including today''s acquisition of Pasadena-based Metacloud by Cisco Corp.;

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Interview with Elizabeth Cholawsky, HG Data

socalTECH

For this morning's interview, we caught up with Elizabeth Cholawsky , the new CEO of Santa Barbara-based HG Data (www.hgdata.com), which develops software which helps marketers and salespeople understand the "technology stack" of their potential customers and prospects. How'd you end up at HG Data?

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Some Quick Thoughts on Exits for Technology Startups

Both Sides of the Table

Later today I’m presenting at the annual Rincon Ventures Summit in Santa Barbara. Startup Exits: A Primer from msuster. I speak privately a lot about getting an exit at a startup. We also are going to talk a lot about startups getting exits and ultimately: Companies are bought, not sold. Often it does.

Startup 323
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Sonos Sees Successful IPO

socalTECH

Santa Barbara-based Sonos saw a successful initial public offering (IPO) on Thursday, closing its first day of trading on the Nasdaq Global Select Market up nearly 33 percent. Sonos, which priced at $15.00 per share on Wednesday night, closed at $19.91 on Thursday, 32.73 percent above the IPO price.

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NGEN Partners Gets Exit At Choose Energy

socalTECH

Santa Barbara- and New York-based clean technology investor NGEN Partners has scored an exit at Choose Energy , a startup which lets consumers comparison shop for and select electric energy providers, according to a report. The report, from Fortune, said the deal was worth less than $100M. READ MORE>>.

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Sonos Files For IPO

socalTECH

Santa Barbara-based Sonos has filed for a confidential IPO, according to a report on Wednesday, which says that Sonos is hoping to go public as soon as June. The report , from the Wall Street Journal, says the IPO will value Sonos at between $2.5 billion and $3.0 and Redpoint Ventures.