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Cheezburger Deal Spawned Out Of LA's TwiistUp

socalTECH

and FAIL Blog web sites, apparently was spawned out of an introduction at last year's Twiistup technology conference, according to investor the Foundry Group. Along with Foundry, both Madrona Ventures and San Diego's Avalon Ventures were investors in the round. READ MORE>>.

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Southern California Venture Totals Drop in Q4

socalTECH

billion was invested in 3,808 deals in the fourth quarter of 2008. The report, based on data from Thomson Reuters, found that 2008 investments declined by 8 percent in terms of dollars, and 4 percent in terms of deal volume, with fourth quarter results seeing a 26 percent drop to $5.4 billion in 818 deals, down from $7.3 in 10 deals.

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Plug and Play San Diego Finds Home in New Downtown Works Space

Xconomy

In the Bay Area, Roudi said about 180 companies pay Plug and Play an annual fee to get an inside track on incubating startups, and in some cases could be making investments in San Diego companies as well. billion under management. Cohen described Downtown Works as a “hyper-connector.”. Downtown Works Interior. It’s really cool.”.