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University of California Plans $250M Venture Capital Fund

socalTECH

Startups related to the many University of California campuses in Southern California may soon have a new source of funding: The University of California itself, via a new, $250M venture capital. The fund would seek to invest in companies started on campus, from University research, and from students. READ MORE>>.

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Steve Poizner Boots Up New Southern California Tech Nonprofit

socalTECH

Bill Maris recently opened up Section 32 as a new, $150M investment fund in San Diego. The Alliance for Southern California Innovation's board includes Qualcomm founder Irwin Jacobs, CAA's Michael Yanover, Sherry Lansing of Paramount Pictures, Thomas Gewecke of Warner Bros., READ MORE>>.

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Initiative to Boost SoCal’s Startup Scene Teams With GV Founder

Xconomy

Steve Poizner, who sold two of his startups to Qualcomm (NASDAQ: QCOM ) and served as California Insurance Commissioner a decade ago, has signed a collaboration agreement with a venture fund that Maris founded in suburban San Diego. Maris raised $160 million last month for the inaugural fund of Section 32, a new venture firm he founded.