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EcoATM Targeted By Outerwall Investor Group, Seeking Sale Or Shutdown

socalTECH

San Diego-based cell phone recycling kiosk operator ecoATM , which is owned by Outerwall, is being targeted by an investor group which wants Outerwall to sell of ecoATM--as well as other assets. ecoATM, which is still based in San Diego, was acquired by Outerwall in July of 2013 for $350M, by Outerwall subsidiary Coinstar.

Sales 100
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Sundae snags $36M to build out its distressed property marketplace

TechCrunch LA

He did note that in the four markets where the company has gone live since launching its business in January 2019 — San Diego, Los Angeles, the Inland Empire , and Sacramento — has yielded an annualized revenue run rate of over $400 million in gross merchandise value (the total value of home sales transacted on its platform).

Sales 282
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EcoATM's Parent, Outerwall, Seeks Buyer

socalTECH

Outerwall , the parent company of San Diego-based cellphone recycling kiosk operator EcoATM , said late Monday that it has hired an investment banker, and is now looking at "strategic alternatives". Outerwall was already under fire by investor groups, which had been demanding the sale or shutdown of EcoATM.

San Diego 100
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GrubMarket raises $60M as food delivery stays center stage

TechCrunch LA

The funding is coming from funds and accounts managed by BlackRock, Reimagined Ventures, Trinity Capital Investment, Celtic House Venture Partners, Marubeni Ventures, Sixty Degree Capital, Mojo Partners alongside with previous investors GGV Capital, WI Harper Group, Digital Garage, CentreGold Capital , Scrum Ventures, and other unnamed participants.

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Claiming a landmark in fusion energy, TAE Technologies sees commercialization by 2030

TechCrunch LA

In a small industrial park located nearly halfway between Los Angeles and San Diego, one company is claiming to have hit a milestone in the development of a new technology for generating power from nuclear fusion. Vulcan, Venrock, NEA, Wellcome Trust, Google, and the Kuwait Investment Authority are all backers.

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Interview with Eugene Cho, Echo Laboratories

socalTECH

Eugene Cho is CEO of San Diego-based Echo Laboratories (www.discover-echo.com), a startup which is developing a new kind of microscope. My background is I was a sales rep in this industry for fourteen years, with Nikon. It's the largest investment the TCA has had in terms of a first round in their history.

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Eight Repeat Entrepreneurs To Watch In SoCal

socalTECH

Demand Media / Richard Rosenblatt / Los Angeles - Rosenblatt's last big win: MySpace, where he was Chairman, brokering its sale to News Corp. Getting lots of notice--and controversy--at Demand Media for its use of writers to create content specifically to attract web traffic. Let us know in the comments below!).