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University of California Plans $250M Venture Capital Fund

socalTECH

Startups related to the many University of California campuses in Southern California may soon have a new source of funding: The University of California itself, via a new, $250M venture capital. The fund would seek to invest in companies started on campus, from University research, and from students. READ MORE>>.

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Are MBAs Necessary for Start-ups or VC?

Both Sides of the Table

This is part of my ongoing series called “ Start-up Lessons.&#. I came across this blog post about getting a computer science degree as the best degree for getting into venture capital or working at a VC-backed start up. I paid up for the diploma but can’t say that I saw better results.

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EvoNexus, UC San Diego Team On FinTech Efforts

socalTECH

San Diego- and Orange County-based startup incubator EvoNexus and the University of California San Diego's Rady School of Management announced this morning that the two are in a new partnership, aimed at creating a new generation of FinTech startups. Financial details of the link between EvoNexus and UCSD were not announced.

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Biotech Startup Licenses Technology From UCSD, Raises $18M

socalTECH

A new, biotech startup focused on delivery of nucleic acid therapeutics, Solstice Biologics , said last week that it has licensed technology developed at UC San Diego, and received $18M in a Series A funding. The funding round was led by venBio, and also included Aeris Capital. and his colleagues at UC San Diego School of Medicine.

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Southern California needs to find its hub for it to develop its own tech ecosystem

TechCrunch LA

Founded by Steve Poizner last year to accelerate the growth of a startup entrepreneurial ecosystem in Southern California, The Alliance is building a network of investors, entrepreneurs and universities to provide ballast in the south to the dominance of the Northern California tech industry.

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UC San Diego Spinout Gets $15M From Bill Gates

socalTECH

A startup which is based on research conducted at the University of California, San Diego has scored $15M in a Series A funding. The funding round was led by Bill Gates and Madrona Venture Group, and also included Vulcan Capital, Lux Capital, The Kresge Foundation, and others. Echodyne Corp. READ MORE>>.

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Tortuga Logic, Co-Founded By UCSD, UCSB Profs, Raises $2M For Hardware Security

socalTECH

Tortuga Logic , a new startup focused on chip-level cybersecurity technology whose founders include professors from UC San Diego and UC Santa Barbara, has raised $2M in a seed funding, the company disclosed on Thursday. The seed funding came from Eclipse Ventures.