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Q1 Southern California Venture Deals Rise To Around $1.4B

socalTECH

The information--gleaned from funding announcements, regulatory filings, and other sources--are also up significantly from Q1 of last year, when only $729.89M was invested in the region. Interestingly, only Redpoint, Domain, Anthem, and DFJ Frontier have local offices in Southern California. in deals tracked by our database.

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Zag Spins Out TrueCar

socalTECH

Santa Monica-based Zag, the online car buying software firm headed by former CarsDirect CEO Scott Painter, has spun out a new company called TrueCar, the firm said late Wednesday. According to TrueCar, it will provide information about new car pricing, using the actual price people have paid for cars.

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This Week in VC with Om Malik & Paul Jozefak

Both Sides of the Table

Venture Capital funds: the different between “closed funds&# (which typically have a 10-year time horizon) and “evergreen funds&# which re-invest profits back into the fund. An investment doesn’t guarantee your product will suddenly be on the investor’s price sheet. DST invested $180mm last fall.

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Interview with Ramit Varma, Revolution Prep

socalTECH

The company provides SAT, ACT, and other similar test preparation courses and related software. We took the recent round, because Jake and I feel very passionately about our social missions, and, about four years ago, we started developing the software to create software. So, we're pretty connected with the community.

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Interview with Dale Quayle, FileTrek

socalTECH

To address that, Los Angeles-based FileTrek (www.filetrek.com) announced a funding round for its cloud-based software for sharing enterprise and business files yesterday. What our software does, is it allows that collaboration to take place, but also keeps track of that. Dale's last firm, Integrien, was sold to VMware in 2010.

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6 Top Trends For The Digital World In 2016

Tech Zulu Event

The issue of cyber-espionage, targeting companies like Target, Home Depot and Anthem Insurance, continues to be a concern. The industry will continue to invest heavily in educating people and convincing them to try internet security products (free versions & life-time trials). One of the stars of 2015 was undoubtedly Slack.