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Why the Future of Space Starts in LA

Both Sides of the Table

Credit: Apex Today, Apex announced their Series B funding round, led by XYZ Ventures and CRV, with participation from Upfront. Is it because of the rich engineering talent coming out of Caltech, UCLA, USC, Harvey Mudd, and all the other universities?

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On Funding?—?The Denominator Effect

Both Sides of the Table

On Funding?—?The The Denominator Effect I recently wrote a post about funding for investors to think about having a diversified portfolio , which I called “shots on goal.” If you funded 30–40 deals perhaps just 1 or 2 would drive the lion’s shares of returns. This is Venture Capital. Venture is a numbers game.

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AuditFile, Started At UCLA, Raises $3M For Auditing Software

socalTECH

AuditFile , a developer of cloud-based auditing software for CPAs, has raised $3M in a funding round, the company said Thursday. The company was founded by Kevin Bong, who started the company in his dorm room at UCLA as a senior. The funding came from Banneker Ventures, Tim Draper, Nas Draper, as well as other angel investors.

UCLA 170
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UCLA To Tap Outside Board For Startup Deals

socalTECH

The University of California, Los Angeles is looking to an outside board to help it negotiate technology transfer and research deals with companies, according to reports. The group will tap a yet un-named group of outside experts to help technology startups coming out of UCLA to better navigate their way through commercialization efforts.

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CircuitHub, With Roots At UCLA, Launches Hub For Hardware Designers

socalTECH

The firm--co-founded and headed by UCLA Visiting Scholar Jon Friedman--has created an online site which lets hardware designers tap into the data sheets, symbols, components, and footprints of electronic components, for free, either by downloading or by connecting a Dropbox account.

UCLA 164
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Scripted.com, Backed By LA Investors, Finds $9M More

socalTECH

Scripted.com , which operates an online marketplace for professionally written content--which was originally backed by LA investors--has raised $9M more in a funding. The new funding came from Crosslink Capital and Redpoint Ventures, and also included angels Gil Penchina, Auren Hoffman (LiveRamp) and Justin Moore (Axcient).

UCLA 124
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Water Planet Raises Series B Funding

socalTECH

Los Angeles-based Water Planet , which develops water treatment membranes, said today that it has raised a new, Series B funding round. Size of the funding was not disclosed. Water Planet said the investment came from Air Liquide's ALIAD Corporate Venture fund, Bluestem Capital and UCLA Venture Fund.

UCLA 100