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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

socalTECH

A new report released today tallies up $7.7 The report--compiled by Ocean Road Partners--included both venture-backed and self-financed information technology companies. Compared with 2010, the report found an increase of 296 percent over exits in 2010, when $2.6 billion in liquidity was generated in the sector.

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LRES Sets New Sales VP

socalTECH

Bye will be responsible for reporting on all sales activities and establishing and managing client relationships. Bye's LinkedIn profile shows he had two very brief, recent stints at Nationwide Property & Appraisal Services and Allegiance Title. READ MORE>>.

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Telcentris Boosts Sales Team

socalTECH

Peterson reports to Tad Nikolich, VP of Business Sales for Telcentris. Peterson has previously served at CommPartners, Mpower Communications, Allegiant Air, WestAir Holding/United Express, and AirCal. The firm said it has hired Mark Peterson to the new position, to drive its wholesale growth strategy. READ MORE>>.

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LAVA hosts PwC's Shaking the MoneyTree

SoCal Tech Calendar

Please join LAVA, PwC and a distinguished panel of industry experts and local VCs for their insights on the results of the Q3 2010 PwC/National Venture Capital Association MoneyTree Report based on data from Thomson Reuters.

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Southern California Investments On Uptick, Totals $686.5M For Q1

socalTECH

According to the report, released today, Southern California investments totaled $686.5M in Q1, up from $588.033M tallied by the report in Q4 of 2009, and up significantly from the $320.2M Southern California venture capital investments totaled $686.5M received in the region in Q1 of 2009. Media and Entertainment was at $55.5M

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VC Confidence Holds Steady in Quarterly Survey, But Reasons Change

Xconomy

In a survey of 29 Silicon Valley venture capitalists in December, the VCs mulled whether President-elect Donald Trump would buoy up their investment prospects with lower corporate taxes and government regulations, or worsen conditions by heightening global political instability and raising the risk of a major military conflict or economic downturn.