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Two Local Tech, Investment Executives Named In College Fraud Investigation

socalTECH

Two people associated with Southern California's high tech investment and startup industry have been named as part of the far reaching investigation into a college admissions scandal , which named Hollywood actresses, CEOs, coaches at USC, UCLA, and UCSD, as well as many others. According to a complaint filed by the U.S.

USC 113
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Applied Proteomics Raises $22.5M

socalTECH

San Diego-based Applied Proteomics , which is developing personalized medicine applications, said today that it has raised $22.5M in a Series B funding, and moved its headquarters to San Diego. The funding came from Domain Associates, Vulcan Capital, and angel investors. Blair joins the company's board.

USC 124
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Announcing The Socaltech 50: Southern California's Up-and-Comers

socalTECH

So, without further ado, here''s the list of this year''s 2013 Socaltech 50 : Basil Abifaker , Transaction Wireless (San Diego, digital gift cards). Sean Callahan , SlimSurveys (San Diego, mobile apps). Steven Cox , TakeLessons (San Diego, marketplace). Melani Gordon , Taphunter (San Diego, mobile apps).

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Car Sharing Firm Zipcar Heading To Los Angeles

socalTECH

Car sharing startups have become immensely popular in areas such as Boston and San Francisco, with heavy competition between Zipcar, Relayrides, and Getaround. Zipcar is venture backed by Benchmark Capital, Boston Community Ventures, Greylock Partners, Meritech Capital, and Pinnacle Ventures.

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New Leader at Intel Capital Adjusts Strategy as Global Summit Opens

Xconomy

Intel Capital has invested $38 million in 12 technology startups since July, highlighting its venture investment focus on innovations in self-driving cars and machine vision, the Internet of Things, sports and health, drones, and virtual reality. We need to be on a path-finding mission to find tangential investments,” he told reporters.

Capital 40
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Interview with Steve Poizner, Alliance for Southern California Innovation

socalTECH

My last company got acquired by Qualcomm, and Qualcomm wanted me to move to San Diego to run their emerging business portfolio. I then became and EIR at UC San Diego, and joined EvoNexus, the not-for-profit incubator run by the Irvine Company. As you know, Silicon Valley has a locker grip on the venture capital community.

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Accelerator Crazy In Southern California

socalTECH

Similarly, the firm is using a Y-Combinator/TechStars model to startups, and covers Los Angeles, Orange County, and San Diego. K5Launch , which was announced yesterday, is headed up by Amir Banafatemi, Ray Chan, David Cheng, and Kai Tao, four Southern California angel investors.