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Four of Southern California's Cloud Computing Startups

socalTECH

One of the most active areas of interest and growth in the technology industry today is cloud computing--the use of computing resources on the Internet, to accomplish tasks that normally would have taken a server farm or local systems. Funding: $42.5M, Benchmark Capital, Index Ventures, Tenaya Capital [ Profile ].

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ELC Technologies Acquired By Pourzanjani, Rahmat

socalTECH

ELC is known for its cloud computing applications development, and Ruby On Rails development. Pourzanjani founded PriceGrabber and sold it to Experian in 2005 for $485M, and is among one of the active angel investors in Los Angeles. Financial terms of the deal were not disclosed. He currently heads up BestCovery.com.

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Report: Southern California Venture Capital Totals $464M In Q3

socalTECH

Venture capital investments in Southern California in Q3 totaled to $464.18M, according to the latest numbers released by the PricewaterhouseCoopers/NVCA Money Tree Report this evening, based on data from Thomson Reuters. billion invested in 780 venture capital deals for Q3. Nationwide, there was $4.8 billion invested in the region.

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What I Learned in 2014: Jeb Spencer, TVC Capital

socalTECH

Today, we have some thoughts from Jeb Spencer of TVC Capital , a private equity investment company in San Diego. 2014 was the most active year in TVC history as measured by the number of investments/acquisitions/follow-ons/exits we completed. spencer capital 2014 reflections venture' READ MORE>>.

Capital 100
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Understanding Changes in the Software & Venture Capital Industries

Both Sides of the Table

In this three-part series I will explore the ways that the Venture Capital industry has changed over the past 5 years that I would argue are a direct result of changes in the software industry, not the other way around. So it’s unsurprising that typical “A rounds&# of venture capital were $5-10 million.

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Netlist Raises $15M

socalTECH

Irvine-based Netlist , a publicly listed developer of memory for the cloud computing and storage market, announced Thursday that it has raised $15M in credit financing. Both Netlist and Fortress said that the focus of the investment would be to bolster its intellectual property and patent assets, and capitalize on those patents.

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Q2 Venture Funding Drifts Downward In Southern California

socalTECH

The latest MoneyTree Survey, from PricewaterhouseCoopers, the National Venture Capital Association, and Thomson Reuters, tabulated. According to the report, which tracks venture capital activity nationwide, there were 89 deals in the quarter, the same as in Q1, but less than the 97 deals in the same quarter of last year.