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

socalTECH

We''re proud to announce the Socaltech 50 , our list of the 50, up-and-coming people in Southern California''s technology ecosystem. So, without further ado, here''s the list of this year''s 2013 Socaltech 50 : Basil Abifaker , Transaction Wireless (San Diego, digital gift cards). TX Zhuo , Karlin Ventures (Los Angeles, investor).

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Thanks to socalTECH's sponsors!

socalTECH

We Create Demand for California's Technology Companies. Clearstone Ventures (www.clearstone.com). Venture capital for innovators. Stradling Yocca Carlson & Rauth (www.sycr.com) Sponsoring socalTECH's Orange County High Tech Report. Tags: socaltech sponsor thankyou. technology industry possible: Sponsors.

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Demand Media Gets $225M Credit Facility

socalTECH

Santa Monica-based online publisher Demand Media said Tuesday afternoon that it has entered into a new, $225M credit facility, split between a $125M revolving credit facility and a $100M term loan. According to Demand Media, the new facility replaces an existing, $105M revolving credit facility. READ MORE>>.

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Insights and Opinions: Angel and Venture Capital Shareholder Liquidity

socalTECH

For today's Insights and Opinions section, where we feature insights and analysis from the local technology community, we have an article from Jeff Cohn , an entrepreneur and veteran of the angel and VC investment community here in Southern California. Read the rest of Jeff's post on on angel and venture capital shareholder liquidity.

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Skurt Snags $10M For On Demand Car Rentals

socalTECH

Los Angeles-based Skurt , which operates a service that delivers a car to you on-demand when you need it for the day, and then retrieves it when you are done, has raised $10M in a funding round, the company disclosed on Tuesday. Skurt's app runs on iOS and Android.

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Demand Media Shuffles CFO

socalTECH

Santa Monica-based online publisher Demand Media reported Thursday that it is shuffling its CFO, and is promoting its Senior Vice President, Finance and Treasurer Mel Tang to the CFO position. Current CFO Charles Hilliard becomes a Special Advisor to Demand Media's board of directors. Hilliard has at Demand Media for five years.

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Envoy Picks Up $11M For On Demand Electric Vehicle Access

socalTECH

Los Angeles-based Envoy , which operates a service which makes on-demand electric vehicles available as an amenity at apartments, hotels, and workplaces, has raised $11M in a Series A funding round. Envoy was co-foudned and is led by CEO Aric Ohana.

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