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

TechCrunch LA

Recognizing the tens of billions of dollars that the Southern Californian region leaves on the table, because it hasn’t taken its rightful place in the American technology industry, a new group called the Alliance for Southern California Innovation has just released a report to analyze how SoCal can work to assume its pole position.

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FTD Files Chapter 11: Long, Complex Path Through SoCal's Tech Industry

socalTECH

In long, complicated path that wound through Southern California's high tech industry, flower delivery network operator FTD has filed for Chapter 11 bankruptcy. FTD acquired San Diego's ProFlowers in 2014, paying $430M for the online flower and gift delivery service. United Online was acquired by B.

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Peregrine Semiconductor Expected To IPO Wednesday

socalTECH

San Diego-based RFIC maker Peregrine Semiconductor is looking to be the next, Southern California technology company to make it to the public markets, with an IPO on Wednesday, according to the NASDAQ's IPO calendar. Peregrine is looking to raised $83M in an IPO, which is currently estimated to price at between $14.00

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Reports: ServiceNow To Pitch IPO In Roadshow This Week

socalTECH

Reports this morning say that San Diego-based ServiceNow is planning to start its IPO roadshow this week, as the firm looks to brave a post-Facebook-IPO market. According to reports , the firm expects to price its IPO as late June. The firm is venture backed by JMI Equity and Sequoia Capital. READ MORE>>.

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$100M Round Turns San Diego’s Seismic into Region’s Newest Unicorn

Xconomy

The venture investment, which the San Diego startup announced Tuesday, is one of only a few so-called mega-rounds—$100 million or more—recorded this year in the region. (In In Southern California, rounds that large are more often raised by life sciences companies.) Thompson to its board of directors.

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How OneRoof Energy's Solar Leases Save Money, Not Just The Planet

socalTECH

There''s been a subtle--but very significant shift--in the solar power market in recent years, particularly in California, where it''s actually cheaper in many cases to lease solar panels on your roof, than to pay the power company. But, since it''s priced against the local utility, that investors can get a 9, 10, 11, or 12 percent yield.

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Interview with Jerry Fitch, Teridian Semiconductor

socalTECH

We had a chance to speak with Jerry Fitch , CEO of the firm, about the interest in the electric/smart metering market, his views on where the market is today, as well as a bit about the experience of operating as a private equity backed firm. Jerry Fitch: California is always a bell-weather for this kind of activity. READ MORE>>.

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