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Report Tallies $7.7 Billion In SoCal IT Exits In 2011

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billion in IT exits in 2011, the highest since 2000, for Southern California IT firms. Green Dot's backers included Sequoia Capital, Total Technology Ventures, and the Tech Coast Angels. A new report released today tallies up $7.7 The exit was the eighth highest in the database, according to Ocean Road Partners.

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RightSignature Takes VentureNet Prize

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Santa Barbara-based RightSignature , online, software-as-a-service for collecting electronic signatures, took "Best of Show" at VentureNet Wednesday, after a day of presentations by thirteen Southern California startups. socalTECH.com was a media sponsor of the event.

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OpenX Raises $20M More

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Source of the new funding was not disclosed, however, the firm is venture backed by Accel Partners, DAG Ventures, First Round Capital, Index Ventures, Mangrove Capital Partners, and O'Reilly AlphaTech Ventures. The funding has not yet been announced by the company. READ MORE>>.

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And Then There Were Three: RealD Hits Markets Today

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With the IPO of Los Angeles-based RealD , which starts trading this morning on the NYSE as RLD, Southern California now has three successful IPOs on record. RealD joins Woodland Hills-based ReachLocal and Carlsbad-based MaxLinear among the list of local firms with a successful IPO this year. shares of its common stock.

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Cornerstone OnDemand Jumps In IPO Debut

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Cornerstone OnDemand was venture backed by Bay Partners, Bessemer Venture Partners, and Meritech Capital. The firm is just the latest in a string of well received IPOs in Southern California, including Demand Media, RealD, Inphi Corp., MaxLinear, Green Dot, and ReachLocal. READ MORE>>.

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Demand Media Prices IPO, Begins Trading Today

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Stifel, Nicolaus & Company, Incorporated, RBC Capital Markets Corporation, Pacific Crest Securities LLC, Raine Securities and JMP Securities LLC. The firm's investors include Oak Investment Partners, Spectrum Equity, W Capital Partners, Goldman Sachs & Co., Zogenix, Green Dot, MaxLinear and ReachLocal.

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Lynda.com Inks Massive, $103M Funding Round

socalTECH

Meritech Capital also participated in the funding. The funding is the largest funding in Santa Barbara County in recent history, and among the largest fundings across all of Southern California, with the exception of a couple of late stage biotechnology deals in the past year.

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