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Understanding What’s Going on in #LATech

Both Sides of the Table

Upfront Ventures was created 20 years ago as one of the original VC funds in Los Angeles. We put together this really short, music video (less than 2 minutes)that gives you a great aerial view of the LA Tech ecosystem (plus a great aerial shot of Upfront Ventures HQ if you are interested) all shot with our portfolio company DroneBase.

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Cornerstone OnDemand Invests In Four Companies

socalTECH

Santa Monica-based ,a href="[link] OnDemand , the developer of cloud-based, talent management software, said this morning that it has made investments in four companies, from the Cornerstone Innovation Fund. Size of the investments in each company were not announced. READ MORE>>.

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Why Was Winter in Venture Capital Funding so Short?

Both Sides of the Table

Yet as we enter February 2017 the VC funding markets are booming, Snap, Inc has filed for its IPO, AppDynamics was just purchased for $3.7 But the reality is that “global warming” massively blunted the effects of winter and my prognosis for VC fundings of entrepreneurs in 2017–2018 is now very sunny indeed. Why no winter?

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Amgen To Acquire Kirin-Amgen Joint Venture For $780M

socalTECH

Thousand Oaks-based biotech giant a href="[link] said on Monday that it has agreed to acquire its joint venture with Kirin, Kirin-Amgen , in a deal worth $780M. The JV was created in 1984 as a 50-50 joint venture to fund global development of Amgen's EPOGEN, and later included the company's other pharmaceutical products.

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Fred Wilson and Andy Weissman Talk with Lindel Eakman about Transitioning Leadership at a VC Fund

Both Sides of the Table

Transitions do happen in VC funds but many fail to make the move in a timely fashion and lose key younger personnel who break off and do their own funds or else the strong personalities of senior partners make it harder for new partners to flourish. Fred & Brad aren’t leaving but wanted Andy & Albert to take over management.

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Sorrento Therapeutics Finds $150M In Private Placement

SoCal Tech Calendar

San Diego-based a href="[link] Therapeutics , which is developing biopharmaceuticals aimed at cancer and other diseases, said this morning that it has closed on $140M in private placements. The company, which is publicly traded as SRNE on the NASDAQ, said the funding came from Ally Bridge Group, Beijing Shijilongxin Investment Co.,

San Diego 100
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Silicon Valley Bank only started processing stimulus loan applications today

TechCrunch LA

“Since the CARES Act and the PPP were announced, we have been hard at work advocating for our clients to have access to this funding. . “Since the CARES Act and the PPP were announced, we have been hard at work advocating for our clients to have access to this funding. Really bad for startups.”

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