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Report: Clipper Windpower To Chop Jobs, Headquarters

socalTECH

Wind turbine manufacturer Clipper Windpower is getting set to cut nearly 200 workers and shut its Carpinteria headquarters, according to a report from the Pacific Coast Business Times.

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Sonos Funding Pays Off For Early Investors

socalTECH

The $135M funding for Santa Barbara-based wireless music system maker Sonos appears to be just that, rewarding such investors as Andreas von Blottnitz, and undoubtedly co-founders John MacFarlane, Craig Shelburne, Tom Cullen. When is a funding also an exit? When part of that funding is used to pay off early investors.

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Lynda.com Inks Massive, $103M Funding Round

socalTECH

Lynda.com , the online video education provider which has been one of the region's most successful, bootstrapped companies--is no longer bootstrapped, after inking a massive, $103M growth equity round. According to Eric Robison, the firm's CEO, the funding round will go towards increasing the firm's global reach and expanding content.

Funding 178
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Upfront Ventures Raised New $280 Million Fund

Both Sides of the Table

I knew eventually people would realize that the Kauffman Report and all the talk of VC returns were rear-view mirror analyses. Geographically our strategy is to fund about 50% of our deals in Southern California (from San Diego to Santa Barbara) and 50% of our deals on a national basis.

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Reflections on 2018: Andy Wilson, Alliance for SoCal Innovation

socalTECH

In my new role as the first executive director for the Alliance for Southern California Innovation, I spent a lot of time outside of my home turf of Pasadena -- visiting innovation nodes such as San Diego, Irvine, Riverside, Santa Barbara, Venice, Santa Monica, and others. What was the biggest news for your organization in 2018?

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Non-millennial Bootstrapping – These 50-Something Entrepreneurs Rejected VC $ And Nailed It

InfoChachkie

I have been watching ProductPlan for several years, as the founders are both friends and pillars of the Santa Barbara Startup Community. Greathouse: Great products and companies that came out (of) Santa Barbara. We build product roadmap software – it’s a SaaS company based here in Santa Barbara, California.

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Some Thoughts on Leadership Going into 2016

Both Sides of the Table

In fact, 50% of our investments are in Southern California, from Santa Barbara to San Diego. You don’t have unlimited equity to dole out. We can be blunt but we believe that builds healthier relationships. We’re a national venture capital investment firm but with our roots firmly in Los Angeles.

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